Now seems to be a good time to buy BTC and BCH tho

Here's a good discussion on why Ripple is junk:
https://www.reddit.com/r/btc/comments/7n1idg/ripple_user_comes_to_defend_ripple_gets_hundreds/

>But so many coins are complete trash at onboarding people
So many coins are complete trash.

Mike Enoch had a great point on a recent TDS podcast when he said that one of the reasons a lot of the junkcoins are rising in price is because there's no way for wiser investors to bet against them. Without an options market (enables shorting), there is far less ability for downward pressure on price.

@everyone hello! Totally new to crypto

I am in the middle of setting up a coin base account

And it is not accepting my bank account

oh hey Volkmom

So I thought I'd try to just link my debit card for now?

Hi!

ur on the /pg/ discord right?

You probably have to verify

But THAT is requiring me to upload my ID???

It's actually being set up for normie trading so I'm not necessarily concerned about opsec in that regard

@Deleted User indeed!

coinbase is not the best. you can use to buy coins but NEVER sell coins there.

Hmm. Ok what Wallet should I do?

@Deleted User Why not sell to them?

I need to convert SBD

your wallet should be the GUI you can download from the bitcoin site itself. never leave your coins on a website based wallet.

My main need rn is to convert sbd

@sigruna14 the reason being the IRS is now confirmed inside coinbase to see if people make over 20k from coinbase transactions.

because coinbase is a huge node dont use it for selling

@Deleted User GUI? Sorry I'm such a damn boomer. What is that?

use localbitcoins or localmonero or local[insertcoinhere]

How else are you gonna convert to USD? And does it not matter so long as you're not transferring too much?

@Volkmom do you want to get bitcoin or a different coin? the wallet depends on what you want to get

But localmonero is super expensive

I need to convert SBD, and I think I would rather buy lite coin or eth

Or ripple

Dont make fun lol

ok lets start with ETH. good solid coin.

Good idea!

Ok I am a user on steemit

I have sbd

I'm a total newbie here and just got a chunk of sbd

which operating system are you using?

windows, mac, linux

im going to guess windows

>using windows

F

i know but i dont know which OS she is using and i had to take a guess

@Deleted User no its a MAC

OH OK one second

https://www.youtube.com/watch?v=Y3JfLgjqNU4

watch this as a tutorial

Ok ty!

and here is the website he is getting it from https://github.com/ethereum/mist/releases

Yeah is it normal for them to request ID for buying coins?

just need to find the one labled Ethereum-Wallet-macosx-0-9-3.dmg

They did that for BCH too

yes. its to make sure people arent being screwed over. there are ways of getting around it but it requires more of a tip. that is why localbitcoins or any of the local[insertcoinhere] sites are a bit more expensive

but those sites are the best for getting coins if you want to stay anon

if you are buying them

if you want to stay completely anon you just buy the parts to a mining rig and mine. then you can just sell and never have to really buy

@Deleted User must an account be created on Github in order to DL the ether wallet?

no

👍

just click on the blue one labled "Ethereum-Wallet-macosx-0-9-3.dmg"

Ok I'm trying to find that

Discord is on my tablet, I'm making the wallet on my laptop

@ArtairRose what do you think of CEX. io?

i used to use CEX but now i use cryptopia if i ever want to trade.

again tho. if you want to buy coins use any site you want. they still cant track you that way. if you want to sell coins do it using one of the local sites. you will get more money from doing it that way and the IRS wont come knocking on your door.

Would people here be interested in leading a voice chat on crypto sometime?

@Volkmom I'd be up for it.

I like Ethereum for all of the different uses it has. Have never found out any info about the actual Ethereum currency though. That whole project is an absolute mess of information

Very frustrating to find info you’re looking for

Any thoughts on Ripple?

Scroll up. Someone just mentioned it’s trash yesterday

@this_that5553 perfect, thank you

I'm on a slack with some friends of friends and some people there were discussing if it was a good idea to go into

I didn't know all this shady stuff

although to be honest I just want to see if I can make a buck on it.

Yeah. Have you heard of Metal? It sounds similar to ripple

Ripple strategy is to only get in bed with financial institutions though. It’s actually smart to take advantage of them

@this_that5553 "Ripple strategy is to only get in bed with financial institutions though. It’s actually smart to take advantage of them" what does this mean?

On their website it explains that the ripple transfer network will only be accessible to financial institutions. Prob to avoid fraud etc. but it’s a smart move

Get the pre existing things to build up your coin

@this_that5553 thanks for the explanation?

I’m not an expert sorry. Just a random thought I had on it. Ripple is actually extremely convoluted. It’s a coin and a transfer network

lol sorry I didn't mean that question mark, I'm using a foreign keyboard @this_that5553 so a handful of keys are switched 😂 I mean thanks for the explanation!

What wallets and exchanges are you guys using?

ledger nano s, i usually buy on coinbase then xfer to bittrex

ripple has the most solid real business application to date tackling trillions in international bank transfers, offering a lower cost and more secure alternative to the SWIFT system

however

it has done this by being in bed with the banks

all the authorative ripple servers are owned by financial institutions. This means it's only distributed among banks, not among the public. However, this also is an advantage in the sense that it's reliably transactable for normal currencies.

Ripple also as far more units that bitcoin. It will be priced at parity with bitcoin around $3.20

I use coinbase for BTC<->USD

and bittrex for BTC <-> other currencies

I would recommend Bitcoin Cash (BCH) over Bitcoin atm

Ethereum is also a solid platform although a little pricey.

So what is the difference between BTC and BCH?

And thanks for the info...I definitely appreciate it

Just opened my Coinbase account!

btc looking to breakout?

@Belzec Not sure in the short term, but I am buying long. I think it BTC could easily quadruple in less than a decade....and that might be conservative. One thing that concerns me is the deflationary aspect of BTC. That acts against consumerism, etc.

@ThisIsChris "I just want to see if I can make a buck on it"
This attitude is exactly why a lot of people will lose their ass in the next 6 months on crypto.

@Tanner - SC But isn't that the point? That people see the value in the technology and want to make money off of it? Otherwise it will eventually whither on the vine.