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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/24/17 at 7:49 am to UnluckyTiger
Posted on 5/24/17 at 7:49 am to UnluckyTiger
quote:
don't even see this thread if it weren't for some random post on the OT.
quote:
Unlucky Tiger
Sounds like a name change is on the horizon
1
Posted on 5/24/17 at 7:55 am to Rover Range
200 on the horizon. My emotions over the past day.
Posted on 5/24/17 at 7:56 am to UnluckyTiger
quote:
So once this posts I should take it out of coinbase and put it in a paper wallet?
i mean, coinbase is FDIC insured up to $250k (like a bank) - so unless you are balling out of control, id trust my money there over any of these meme wallets.
if you trust your USD at a bank, you should trust your ETH at coinbase.
ive been using coinbase for 4 years now - zero issues withdrawing - fwiw
Posted on 5/24/17 at 8:00 am to rocket31
Ok awesome! Yeah I'm not going over 250k in there anytime soon even if this was to shoot up to BTC value.
Posted on 5/24/17 at 8:00 am to rocket31
I don't think it's as much about a breach of security as it is having another entity controlling your cryptocurrency. The legality of all of this is still very raw; if California decided to outlaw purchasing companies or something then you're SOL if coinbase is the one holding your ETH/BTC
Posted on 5/24/17 at 8:01 am to KarlMalonesFlipPhone
Just got off phone with dad. He said 15-22 days is the magic number for buying after crypto surges. Buy both BTC and ETH, but trade BTC and go long on ETH. He believes that ETH will follow BTC for the time being until a big backer comes along
This post was edited on 5/24/17 at 8:04 am
Posted on 5/24/17 at 8:06 am to rocket31
yeah CB has higher fees but the stability, reliability, and legality make it worth it. it's literally regulated like a bank and that costs
Posted on 5/24/17 at 8:07 am to mb810
quote:
The legality of all of this is still very raw;
what do you mean? the feds have given the green light for cryptos
Posted on 5/24/17 at 8:09 am to Carson123987
Does every surge reset the clock?
What's dad's number? I have so many questions.
What's dad's number? I have so many questions.
Posted on 5/24/17 at 8:17 am to Finch
Is the coin technically insured or just the usd you gain from selling it?
Posted on 5/24/17 at 8:19 am to Finch
Smh I do too. He was walking in a meeting when I called so it was quick and that's all I got.
Myself, id still be comfortable buying now because of where I think it'll be in a year. Why not wait though? I bet a lot of the surge is from shills on Reddit and shite "predicting an all time run" causing everyone to buy. I mean just look at this site
You get a lot of the smart posters touting it and everyone jumps on.
Myself, id still be comfortable buying now because of where I think it'll be in a year. Why not wait though? I bet a lot of the surge is from shills on Reddit and shite "predicting an all time run" causing everyone to buy. I mean just look at this site
You get a lot of the smart posters touting it and everyone jumps on. 
Posted on 5/24/17 at 8:19 am to UnluckyTiger
Coinbase explains their FDIC coverage
quote:
Digital Currency
All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result. The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft. The policy is provided by a syndicate of insurers through Lloyd’s of London. Coinbase holds less than 2% of customer funds online. The rest is held in offline storage. This insurance policy does not cover any losses resulting from the compromise of your individual Coinbase account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access Coinbase and GDAX.
quote:
Fiat Currency
Coinbase stores all customer fiat currency (government-issued currency) in segregated, custodial bank accounts. The funds held in those accounts belong to Coinbase’s customers - not to Coinbase. If you are a United States resident, your Coinbase USD Wallet is covered by FDIC insurance, up to a maximum of $250,000. Even if Coinbase were to become insolvent, the funds held in the custodial bank accounts could not be claimed by Coinbase or its creditors. The funds held in those accounts would be returnable to Coinbase’s customers.
Posted on 5/24/17 at 8:20 am to UnluckyTiger
time for a countdown to 200
Posted on 5/24/17 at 8:20 am to Carson123987
quote:
He said 15-22 days is the magic number for buying after crypto surges.
So he expects a dip after the surge making a buying opportunity?
Anyone selling some to lock in gains right now or riding this out?
Posted on 5/24/17 at 8:22 am to mb810
quote:
if California decided to outlaw purchasing companies or something then you're SOL if coinbase is the one holding your ETH/BTC
thats what the creators of these wallet companies posted everywhere to scare people into buying them.
Posted on 5/24/17 at 8:22 am to Tigerholic
quote:
So he expects a dip after the surge making a buying opportunity?
Yes.
quote:
Anyone selling some to lock in gains right now or riding this out?
That's what Rocket did. Mfr is playing with house money smh, so jealous
Posted on 5/24/17 at 8:22 am to VinegarStrokes
soooooooooo close
Posted on 5/24/17 at 8:23 am to VinegarStrokes
lol, 199.99 is close enough
Posted on 5/24/17 at 8:23 am to Tigerholic
I'm riding this rockets ship to the moon baby
Posted on 5/24/17 at 8:25 am to snizzle
200
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