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re: Official CryptoTalk Thread

Posted on 12/11/17 at 9:38 pm to
Posted by Lazy But Talented
Member since Aug 2011
14444 posts
Posted on 12/11/17 at 9:38 pm to
My buddy has made so much off of it and I'm over here losing my mind off my portfolio going up $100.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/11/17 at 9:42 pm to
LINK

why would lee say this? like wtf
quote:

Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66413 posts
Posted on 12/11/17 at 9:44 pm to
wtf
Posted by blzr
Keeneland
Member since Mar 2011
30098 posts
Posted on 12/11/17 at 9:48 pm to
Ya I bought Ltc at 98 for a few hundred and check a lot lol
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/11/17 at 9:50 pm to
I really considered jumping into the crypto game about 6 months ago and didn't.









Posted by TheChosenOne
Member since Dec 2005
18518 posts
Posted on 12/11/17 at 9:55 pm to
quote:

why would lee say this? like wtf

Insider trading. He must be shorting ltc
Posted by blzr
Keeneland
Member since Mar 2011
30098 posts
Posted on 12/11/17 at 9:57 pm to
Same, kinda just did it now cause of the easy app coinbase that’s all I do. Idk what the hell anything else is lol
This post was edited on 12/11/17 at 9:57 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/11/17 at 9:57 pm to
ya, thats the only thing that makes sense.

probably one of his "friends" shorting it that he is in cahoots with...
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16307 posts
Posted on 12/11/17 at 10:05 pm to
How many different crypto currencies are there right now? How do I check the price of each? How do I purchase? Can someone buy parts of say a bitcoin?
Posted by GoldenSombrero
Member since Sep 2010
2651 posts
Posted on 12/11/17 at 11:30 pm to
1. Hundreds, if not more.
2. Easiest way is an app called Blockfolio, though you need to know the symbols to start tracking (like BTC = Bitcoin)
3. Start from an exchange like coinbase, they do either bank or CC transactions for BTC, ETH, and maybe LTC. You can then transfer to trading exchange like Bittrex to buy other ALT coins.
4. Yes you can buy fractions of any coin. So you could buy $100 worth of Bitcoin if you wanted.
Posted by blzr
Keeneland
Member since Mar 2011
30098 posts
Posted on 12/11/17 at 11:49 pm to
I assume if I sell my coins off coinbase it easily goes back into my bank account from which I bought them ?
Posted by Jones
Member since Oct 2005
90485 posts
Posted on 12/11/17 at 11:55 pm to
you can sell your coins for usd on coinbase but it goes into the usd wallet on there. it doesnt go directly back to the bank account

Posted by sonoma8
Member since Oct 2006
7666 posts
Posted on 12/12/17 at 5:45 am to
So how do you get your money out of this wallet and into your bank account?
Posted by bayouboy33
Lowcountry
Member since Oct 2006
2379 posts
Posted on 12/12/17 at 6:34 am to
LTC just momentarily hit $335.
Posted by Covingtiger
New Orleans Saints Fan
Member since Mar 2010
3313 posts
Posted on 12/12/17 at 6:34 am to
LTC just hit $330 on gdax. Wow.
Posted by omegaman66
greenwell springs
Member since Oct 2007
22777 posts
Posted on 12/12/17 at 6:41 am to
quote:

So how do you get your money out of this wallet and into your bank account?


quote:

How many different crypto currencies are there right now? How do I check the price of each? How do I purchase? Can someone buy parts of say a bitcoin?


I can transfer straight from coinbase into paypal. And Paypal straight to my bank account. I believe you can go straight from coinbase.com to your bank account.

How many crypto? A lot. Coinbase.com displays bit, lite and ethereum on its website. Do a search numerous places to view the current price.

To purchase sign up for free with an exchange such as coinbase.com. Link credit card or bank account. buy and sell.

buying and selling. You buy X dollars worth. They sell you what ever fraction of a bitcoin, litecoin etc that that amount ends up being. Fees will apply but they aren't high. No different than feed for trading stocks really.

Hope this helps.
Posted by Nagler
College Station
Member since Apr 2012
115 posts
Posted on 12/12/17 at 7:38 am to
Please re-add my when I updated my phone last night it deleted the app to clear room.

@ljs10224

Thanks!
Posted by bayouboy33
Lowcountry
Member since Oct 2006
2379 posts
Posted on 12/12/17 at 7:52 am to
LTC $360. Wow
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/12/17 at 8:19 am to
LTC baws
Posted by LEASTBAY
Member since Aug 2007
14281 posts
Posted on 12/12/17 at 8:26 am to
It's wild. I'm still hodling my eth though. It's breaking through highs.
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