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re: Official CryptoTalk Thread

Posted on 12/18/17 at 8:14 pm to
Posted by Pigimus Prime
Arkansas
Member since Feb 2012
4095 posts
Posted on 12/18/17 at 8:14 pm to
It usually takes me 20 mins to an hour at longest.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
69340 posts
Posted on 12/18/17 at 8:16 pm to
It depends. Mine have taken anywhere from 5-30 minutes.

You can track how many confirmations have completed and how many are left in your trade history.
Posted by brgfather129
Los Angeles, CA
Member since Jul 2009
17360 posts
Posted on 12/18/17 at 8:20 pm to
quote:

The moment you buy 3 LTC and the market instantly drops $10



Crypto isn't for you.
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 12/18/17 at 8:23 pm to
quote:

Crypto isn't for you.


FWIW... It was a joke

ETA: seriously guys, if you look, I have dropped $1.7k into the market since last Friday... I'm not ACTUALLY crying over $30
This post was edited on 12/18/17 at 8:29 pm
Posted by MrSpock
Member since Sep 2015
5086 posts
Posted on 12/18/17 at 8:24 pm to
quote:

The moment you buy 3 LTC and the market instantly drops $10



Buy more.
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 12/18/17 at 8:27 pm to
quote:

Buy more.


I will when I get more expendable income. I'm putting in any extra I'm willing to lose.

I think my next move is going to be $250 into ripple
Posted by Rhino67
Member since Nov 2015
795 posts
Posted on 12/18/17 at 8:49 pm to
Baws, I figured out how to buy Ripple using Litecoin on Binance. I now have $100 in Ripple.
Posted by Odinson
Asgard
Member since Apr 2014
2863 posts
Posted on 12/18/17 at 8:53 pm to
quote:

Just bought COSS & XRB as my 2018 high risk coins.



XRB is the truth! Made a transfer from exchange to Raiwallet in 5 seconds. Pretty under the radar right now and only on two shitty exchanges but when it gets added to larger exchanges, watch out.
Posted by LSUSilverfox
Member since Jun 2007
2711 posts
Posted on 12/18/17 at 8:56 pm to
So last week I set up a coinbase account and bought 1 Litecoin and 0.0175 Bitcoin. Now I'm scared I won't be able to stop.
Posted by philabuck
NE Ohio
Member since Sep 2008
10394 posts
Posted on 12/18/17 at 8:56 pm to
You'll hit the transaction limit eventually
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 12/18/17 at 9:23 pm to
When everything crypto takes a 25% dump in a single day, which has happened a few times and will happen again, you will become more disciplined. Right now everything has basically just gone up the past couple weeks so the new people don't know what those dark days are like
Posted by DeathValley85
Member since May 2011
18996 posts
Posted on 12/18/17 at 9:29 pm to
Me, a newbie: I hope it goes up forever

Also me: plunge so i can buy *evil laughter*
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 12/18/17 at 9:35 pm to
quote:

When everything crypto takes a 25% dump in a single day, which has happened a few times and will happen again, you will become more disciplined.


I'm personally just trying to get in right now myself....

If it were to drop 25% or more I would just go on a buying spree
This post was edited on 12/18/17 at 9:49 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 12/18/17 at 10:12 pm to
quote:

If it were to drop 25% or more I would just go on a buying spree

That is the correct mindset to have.
Posted by RebelExpress38
In your base, killin your dudes
Member since Apr 2012
14262 posts
Posted on 12/18/17 at 10:29 pm to
What are yalls thoughts on coinbase potentially adding other cryptos to their exchange? Trying to get in on some alts before they get added. The prices will surely shoot up once they make it to coinbase and they are easier for everyone to buy.

As of December 8th:
quote:

Bitcoin ($185.8 billion)
Ethereum ($44.3 billion)
Bitcoin cash ($26.1 billion)
Ripple ($9.7 billion)
Dash ($5.9 billion)
Litecoin ($5.4 billion)
Bitcoin gold ($5.3 billion)
IOTA ($5.2 billion)
Cardano ($3.3 billion)
Monero ($3 billion)
Ethereum Classic ($3 billion)
NEM ($2.4 billion)
NEO ($2.4 billion)
EOS ($1.9 billion)
Stellar Lumens ($1.6 billion)



Basically know not all these coins will be in it for the longhaul just like not every dotcom was truely worth it’s price in the 90s. But damn I’d love to go back and buy amazon
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 12/18/17 at 10:31 pm to
Those market caps are completely obsolete now FWIW. Most of those have more than doubled in 10 days

ETA- to answer your question, I think the top chances of going on Coinbase are Bitcoin Cash, Dash, Monero, Ripple
This post was edited on 12/18/17 at 10:32 pm
Posted by RebelExpress38
In your base, killin your dudes
Member since Apr 2012
14262 posts
Posted on 12/18/17 at 10:36 pm to
Thanks yeah I realize those were old that was just the only format I could find clean enough to paste on my phone surely the rankings are about the same though.


Mainly interested in which ones people are betting make it to Coinbase
Posted by LEASTBAY
Member since Aug 2007
16421 posts
Posted on 12/18/17 at 10:44 pm to
Just an fyi. I converted a few eth to xrp today on changelly. Took about 12 nervous hours. I now have 3000 xrp and it's climbing the same as ETH.
Posted by JG77056
Vegas baby, Vegas
Member since Sep 2010
12075 posts
Posted on 12/19/17 at 12:18 am to
Sorry guys I’m late to the party but I see a chance here to make some cash. I have a couple grand do spend. How Can I most effectively get in on crypto. Ripple seems like a good bet from my novice eyes.
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
60656 posts
Posted on 12/19/17 at 3:06 am to
Do you already have funds in an exchange?

1st you have to move US$ into coinbase, Gemini or kraken. This will take uploaded drivers license, phone and computer. Also set up the Google Authenticator app. And write down everything. You’ll need it whenever you get a new phone.

From there, branch to wherever you need to go to buy your picks. You’ll have to understand public and private keys. Set up accounts. Transfer like coins to like coins. And not screw that up.

This step alone could take a week or so.

And buying is something you’ll have to learn to do as you are bidding on cryptos. Not just retail buying.

Next you’ll need to figure out how to store them. If you leave them in the exchange, you don’t control or even know the private key, So they could disappear if the exchange goes belly-up.

So you have to get a Wallet to transfer them to. Maybe 2-3 to hold them all, depending on the type of coin or token. Paper, hard, pc, phone, online, offline? Lots of Wallet types. What’s best for you?

You’ll also need to plan for securely protecting your passwords and backups. What happens if you die? Are they lost? What if your house burns down or your computer gets taken out by a power surge or a hacker?

You have to think thru all that and plan accordingly. There is no bank protecting you and your money.

ETA: Sorry for the tl:dr.
This post was edited on 12/19/17 at 3:35 am
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