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re: Official CryptoTalk Thread

Posted on 4/30/17 at 10:14 pm to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/30/17 at 10:14 pm to
i bought on coinbase using my bank account; i have 30.34 units worth about $2500
Posted by bayoubengals88
LA
Member since Sep 2007
18878 posts
Posted on 4/30/17 at 10:14 pm to
DBF said he'll continue to buy under $100...might be higher by the time he wakes up.

Just remember, Bitcoin went from $100 to $1,000 in the month of October a few years back.

Posted by Jtigers99
Holly Beach, USA
Member since Dec 2014
1841 posts
Posted on 4/30/17 at 10:17 pm to
Hopefully it can hold off for about one week because I'm maxed out for this week. I'd like to hold about 50 units and watch this thing ride.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/30/17 at 10:21 pm to
Im up Im just sitting in bed getting some work done on my ipad before I sleep and I see it rising. I think I've said before whenever I make an investment, if I can't envision a 100% return then I wont take a stake. For me, ETH is capable of what BTC is capable of at a minimum. BTC is $21B+ and ETH is $7B+ so I believe at most, I would pay around $120 which is $10B which is half of bitcoin.

Im a tad bummed that I couldnt buy more yesterday at $72 but I think I have around 80 units with the buys I made with yesterday and today. Not sure why limits are in place but it is what it is.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 4/30/17 at 10:21 pm to
I know none of you have done it yet, but is selling as easy as buying?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/30/17 at 10:23 pm to
when i sold off my BTC it was seamless
Posted by bayoubengals88
LA
Member since Sep 2007
18878 posts
Posted on 4/30/17 at 10:29 pm to
Nice "consolidation" here...ahh I'd be lying if I pretended to know how this thing trades! I'll be checking it at 05:30
GLTA
Posted by The Boat
Member since Oct 2008
164014 posts
Posted on 4/30/17 at 10:42 pm to
You report those gains baw?
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 4/30/17 at 10:51 pm to
quote:

You report those gains baw?


Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 4/30/17 at 10:52 pm to
The IRS came out with a document Q&A on how to treat these things a while back. Uncle Sam is always on top of things
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 4/30/17 at 11:04 pm to
quote:

You report those gains baw?


Ha, was wondering the same.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/30/17 at 11:10 pm to
Oh..I didn't buy until 1 BTC was at ~400 and then i sold the only unit I had for ~600.

Im willing to risk more here.. I'm much more confident



Posted by PillPusher
Gulf Coast
Member since Oct 2009
5705 posts
Posted on 4/30/17 at 11:53 pm to
Anybody have any trouble uploading their ID? I took pictures of the front and back of my ID with my phone, hit submit and it said there was an error and I could try again in 24 hours. Was looking to do a little more than the $100 weekly limit.
Posted by LSUSPY
Sittin' on the dock of the bay
Member since Oct 2009
55 posts
Posted on 5/1/17 at 12:18 am to
I uploaded my ID without any issues and it was verified in under 2 minutes.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/1/17 at 4:46 am to
quote:

I'm happy you read up on it! I wish I didn't all my money wasn't tied up in a down payment. The Ethereum platform here to stay, imo. Feel free to send me some :
haha let's see where this goes I have no issue sending you some, for now though all I have is 4.2xxx via the credit card buys the last 2 days. The 2 bank transfer buys I made the last 2 days don't arrive till the 8th.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/1/17 at 5:13 am to
I saw someone mention understanding it more, these videos offer great explanations.The "Dapps" which are decentralized apps ether are worth significantly more than the $7B market cap the thing currently sports. Youtube holds a ton of great videos with a plethora of info on what it is and what it can be. It has the potential to disrupt countless industries, the applications are truly limitless and that type of potential for the current market cap is silly cheap. Maybe it materializes, maybe its all vaporware, but the risk/reward at $7B is probably very favorable as we move forward in this internet of things

Ethereum: The World's Computer

Ethereum Founder Explains It

Ethereum For Dummies
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40966 posts
Posted on 5/1/17 at 9:03 am to
I started to upload my license last night...and realized it expired today...

Currently sitting at the tag agency

I did try to purchase my max purchase last night of $100 and it hasn't posted for some reason? I too am using Chase.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40966 posts
Posted on 5/1/17 at 9:04 am to
So ideally, how many units are you looking to purchase?
Posted by southernelite
Dallas
Member since Sep 2009
53140 posts
Posted on 5/1/17 at 9:12 am to
I got a buddy that's mining ethereum right now. I started to build a machine a while back, but it didn't seem like something I wanted to get into. I was worried that the power cost would be something that would make the margins too tight for my comfort. I probably should have built it.
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24933 posts
Posted on 5/1/17 at 9:27 am to
Signed up with coinbase and purchased a couple of Ethereum...coins?

That was easy.

The fee's using a credit card are hefty. Going to stick with using the checking account.
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