Anyone into Cryptocurrency like Bitcoin, Ethereum or Litecoin?
- Thread starter BlkWgn
- Start date
Coinbase added support for BitCoin Cash (BCH) yesterday a month earlier than expected and has thrown everything into a roller coaster. Right now you need to either be living on the feeds buying and selling the dips and peaks or hold on and see where it goes. Personally, I am waiting for the next dip and will buy a small amount of BCH and I am in the process of using a bit of the ETH I have to purchase a little Ripple (XRP)
ok, I just transferred ETH from my Coinbase wallet to a wallet at Kraken. Sold the 0.073126 ETH for USD ($57.42), then used the USD to buy 75 XRP coins at a cost of ($54.94) leaving $2.33 USD after fees.
Buying and selling through one place like Coinbase is simple, buying something like XRP that is sold through some of the smaller exchanges is a complete pain in the ass.
Buying and selling through one place like Coinbase is simple, buying something like XRP that is sold through some of the smaller exchanges is a complete pain in the ass.
That Ripple buy must be looking pretty good today. Nice call. Oi, everyone is just moving money around the different "currencies" and then handing the bag to those late to the party. I'll bet there are some big winners and some big losers
into ripple with $57 currently at 77, at that quantity, not sure it was worth the hassle of the purchase.
I hope that is real
kmacafee
Adventurist
Optimistic Paranoid
Adventurist
This appeared in today's NY Post. I was amused by the bit about the iced tea company.
*From the left: Will Bitcoin Craze Become a Panic?*
Digital cryptocurrencies “have been on a rocket ride” all year, notes Jeff Spross at The Week
<http://theweek.com/articles/744889/when-bitcoin-craze-becomes-panic>.
Bitcoin started 2017 at $1,000 and “blasted off to nearly $20,000” by
mid-December. But, he warns, despite the growing craze, “it’s always
been hard to identify a ‘there’ there.” Meaning that “nothing seems to
be fueling the price rise other than, well, excitement over the price
rise.” Last week, the Long Island Iced Tea Corp. renamed itself Long
Blockchain Corp. — after the software technology that underlies Bitcoin,
though it’s still just an ice-tea company — and its stock rose 200
percent. Warns Spross: “Any mania like this, over an asset whose
underlying use value is so mercurial and hard to pin down, inevitably
opens investors up to the danger they’ll either get burned or fleeced.”
*From the left: Will Bitcoin Craze Become a Panic?*
Digital cryptocurrencies “have been on a rocket ride” all year, notes Jeff Spross at The Week
<http://theweek.com/articles/744889/when-bitcoin-craze-becomes-panic>.
Bitcoin started 2017 at $1,000 and “blasted off to nearly $20,000” by
mid-December. But, he warns, despite the growing craze, “it’s always
been hard to identify a ‘there’ there.” Meaning that “nothing seems to
be fueling the price rise other than, well, excitement over the price
rise.” Last week, the Long Island Iced Tea Corp. renamed itself Long
Blockchain Corp. — after the software technology that underlies Bitcoin,
though it’s still just an ice-tea company — and its stock rose 200
percent. Warns Spross: “Any mania like this, over an asset whose
underlying use value is so mercurial and hard to pin down, inevitably
opens investors up to the danger they’ll either get burned or fleeced.”
Optimistic Paranoid
Adventurist
Ride the wave!
There used to be a saying among people who played the stock market that "Bears can make money, and Bulls can make money, but Pigs never make money." Meant to illustrate the idea that at some point you need to cash out and take your winnings, and not try to squeeze every possible cent out of it.