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re: Official CryptoTalk Thread

Posted on 5/22/17 at 8:43 pm to
Posted by Rover Range
Member since Jun 2014
2768 posts
Posted on 5/22/17 at 8:43 pm to
Has anyone else been getting an error message anytime they open the coinbase app today?
Posted by mtcheral
BR
Member since Oct 2008
2036 posts
Posted on 5/22/17 at 8:48 pm to
I've been getting that most of the day.
Posted by joeytiger
Muh Mom's House
Member since Jul 2012
6037 posts
Posted on 5/22/17 at 9:00 pm to
I have no idea how any of this works. I'm still waiting on my coinbase account to link to my bank account to even start. Once my account is set up, I transfer money into coinbase, what is the next step?
Posted by Bossier2323
Bossier CIty
Member since Sep 2014
1915 posts
Posted on 5/22/17 at 9:02 pm to
Prepare thy anus immediately after linking bank account
Posted by PhifeDogg
Member since Mar 2006
6195 posts
Posted on 5/22/17 at 9:09 pm to
quote:

Does that mean when I log into Bittrex to my account under the same email, the BTC will be available to me there?


No. You can sign up for Bittrex with the same email, but your BTC are not tied to your email address.

Whenever you sign up for Bittrex you will get a BTC wallet that you can deposit or transfer BTC to. It will look something like this: 1JEiV9CiJmhfYhE7MzeSdmH82xRYrbYrtb

You'd transfer BTC from coinbase to whatever the address Bittrex gives you. They'd show up in your Bittrex account after 30 minutes or an hour or so.

BTC are tied to the addresses of random numbers/letters like I pasted above. Not tied to email addresses or IP addresses or anything.
Posted by joeytiger
Muh Mom's House
Member since Jul 2012
6037 posts
Posted on 5/22/17 at 9:11 pm to
What are the alternatives to linking the bank account?
Posted by SoFresh
New Orleans
Member since May 2010
3069 posts
Posted on 5/22/17 at 9:12 pm to
I figured I would need a public key to send it to. I guess I didn't see where Bittrex gave me a key after I signed up. Thanks
Posted by PhifeDogg
Member since Mar 2006
6195 posts
Posted on 5/22/17 at 9:19 pm to
I've never used Bittrex, so I'm not sure of the exact steps.

Probably if you click on something that says something along the lines of "deposit BTC".

When I did this on Poloniex I had to click around a little to find my deposit address. It wasn't right in my face, like you'd expect it to be.
Posted by SoFresh
New Orleans
Member since May 2010
3069 posts
Posted on 5/22/17 at 9:21 pm to
Yeah, it generated an address for me when I clicked the "+" for Bitcoin
Posted by The Boat
Member since Oct 2008
172265 posts
Posted on 5/22/17 at 9:26 pm to
quote:

Has anyone else been getting an error message anytime they open the coinbase app today?


Coinbase has been swamped today. Which is great news for everyone investing.
Posted by lighter345
Member since Jan 2009
11893 posts
Posted on 5/22/17 at 9:31 pm to
Ivan had a coinbase account for a few years but the last year it has been restricted so that I cannnot buy and I've sent so many support requests it's ridiculous. i have signed up for CEX.IO and Bread as well and keep getting denied. Louisiana isn't a state that is approved to exchange crypto currency Correct?

Who the F can I use and sign up with to get back in the game.
Posted by PhifeDogg
Member since Mar 2006
6195 posts
Posted on 5/22/17 at 9:37 pm to
quote:

What are the alternatives to linking the bank account?
If you don't want to link your bank account, you can purchase BTC or ETH with a credit card. I'm pretty sure your limits are lower at first though.

quote:

Once my account is set up, I transfer money into coinbase, what is the next step?
You have 2 options. 1.) You can transfer the money to Coinbase. Then buy BTC/ETH after the 3 business days it takes your money to get transferred. So you'd be buying BTC/ETH at the rate it will be in 3 business days.
-OR-
2.) Assuming your bank account is already linked to Coinbase, you can buy BTC/ ETH today and select your bank account as your source of funds. You'd get the BTC/ETH locked in at today's price. Then once your funds clear to Coinbase, they'd give you the BTC/ETH in your account.

It's up to you- Do you want to get locked in to today's prices? Or do you not care and want to get in at whatever the price is whenever your funds clear?
This post was edited on 5/22/17 at 9:52 pm
Posted by PhifeDogg
Member since Mar 2006
6195 posts
Posted on 5/22/17 at 9:48 pm to
quote:

had a coinbase account for a few years but the last year it has been restricted
They had limits set on me, but i sent them a pic of my driver's license and they raised my limits. Have you tried that to see if that lifts restrictions?
LINK
(Coinbase is getting overloaded today, so it may not be the best day to do this)
quote:

Louisiana isn't a state that is approved to exchange crypto currency Correct? 
I've never heard this. I've sent photos of my Louisiana license to both Coinbase and Poloniex. Neither places batted an eye, and both places upped my limits.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
452011 posts
Posted on 5/22/17 at 10:07 pm to
quote:

..this is crypto, high volatility - you should EXPECT this, and expect lots more.

i bought in the 170s because i'm hoping it his 2k in a year or 2. i'm not worried that i lost 20% on this current high mark

if it gets down to 85-90 i'll make a decision then
Posted by lighter345
Member since Jan 2009
11893 posts
Posted on 5/22/17 at 10:07 pm to
Yea I had sent my license back a while ago and it was verified.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 5/22/17 at 10:49 pm to
i didnt get interested in BTC until 2013, after it was deemed legitimate at the senate hearings, etc

it went from around $400 all the way to $850, and then within a months time, it fell all the way under $200!

with ETH, we might get all the way up to $300 on this rally, but with all this volatility im cautious. where will the bottom be raised once it retraces? 90? 100? 120?

ive seen this game before, but if you trust in the technology then hold and keep accumulating. who knows what will happen once coinbase and the exchanges finally can handle all the new volume of investors.
This post was edited on 5/22/17 at 10:59 pm
Posted by The Boat
Member since Oct 2008
172265 posts
Posted on 5/22/17 at 11:07 pm to
quote:

it went from around $400 all the way to $850, and then within a months time, it fell all the way under $200!


Didn't bitcoin crashing have a lot to do with Mt. Gox imploding?
Posted by KamaCausey_LSU
Member since Apr 2013
16057 posts
Posted on 5/22/17 at 11:16 pm to
I wanted to buy in today but having trouble and getting the 24hr bug on my card. Now just have to wait for it to link to my checking before I can do anything.
Posted by SpaceX
Member since Apr 2015
91 posts
Posted on 5/22/17 at 11:51 pm to
quote:

Didn't bitcoin crashing have a lot to do with Mt. Gox imploding?


Not the time this guy is talking about.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
452011 posts
Posted on 5/23/17 at 12:07 am to
after reading up on the tech it sounds like it has potential to be great. it's not limited like BTC is and with tech-type investing, the sky is literally the limit. i'll sit and hold for a few months and see what's happening
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