re: Official CryptoTalk Thread

This is high quality entertainment

Easier to laugh through the pain of red candles

If you buy today on coinbase you are locked into that price. Lets say you buy one ethereum at $800 today

In 9 or 10 days whenever your purchase goes through you still have one ethereum. That ethereum may be worth $500 or $1500 in ten days. It sucks, but it is what it is

In the past ethereum doesn't stay down for very long but take that with a grain of salt

You can't sell anything until your purchase goes through. You are basically helpless.

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Once I do sell back to USD though will the price I sold at be honored or will it be set once the transaction goes through?

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you cab sell immediately after it goes through, if you want. You'll have to pay fees though.
But you can't sell before the buy transaction goes through because you have nothing to sell.

Cool.

Would that money go directly back to my bank account or will there just be USD in my Coin Base account?

Claiming the profit on taxes is probably a bitch to figure out.

It is, especially if you start trading alts (consider these coins that aren't on coinbase)

Well I just bought $300 of ETH as my first purchase ever

Good time to buy eth?