#cryptocurrency (Discord ID: 393499059752796160) in MacGuyver - Skills & Academics, page 2
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Some ways to protect yourself are:
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?
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?
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
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
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
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.
Some of the cryptos bring utility to areas that didn’t exist before. Other cryptos are only being bought because other people are buying and people want to make money off of the greater fool.
@Tanner - SC yes of course but in the mean time many alt coins will bubble up before fizzling out and there's no point in not making some money on it if you can. Of course I wouldn't park my money *long term* in something that didn't have good fundamentals. Basically, some cryptos are the kind you can introduce to your mother, and other cryptos are just there for a pump and dump.
What do you guys think about mining altcoin, is there money to be made there?
Coinbase the best for crypto purchase? Still deciding on bitcoin or ripple.
is exodus a good wallet
Transfer fees with exodus are very annoying
but it's a pretty nice wallet - from a noob (me)
@Deleted User you can buy with coinbase then transfer to other coins with something like shapeshift
Thanks. Here is something I don't get. Bitcoin was all about be completely anonymous, yet you provide everything to the crypto "traders" to buy. Find that not too full proof.
@Deleted User Yeah, it's bizarre. But if you want to support anonymous/private crypto-currency, you can exchange your bitcoin for those other coins.
Or just transfer your bitcoin to a different wallet and nobody knows that wallet belongs to you
Okay thannks @this_that5553 . Ok thanks! Still a bit over my head still, but will figure out. The whole transfer of wallets etc and detailed info needed. So much for real anonymity.
Only the exchanges require all the info upfront
to go from USD to BTC or whatever
I have sold out of ripple in favor of bch
BCH just seems very pedestrian. Simple, easy, quick. All good things
@Deleted User you have to provide ID info to exchanges because you’re interacting with the USD banking system.
@Deleted User you are thinking about it the wrong way around. bitcoin is anonymous. mining, trading, selling, buying, all can be done in privacy. the exchanges is where you get less anonymous because of problems with scaming. exchanges are not bitcoin or crypto. they give a platform for it to occur. there are exchanges where you can be completely anon. if you really wanted to be completely anonymous you would never buy in the first place, just mine, and only sell/hold for profit.
there are even places where you can go walk up to an atm and buy bitcoins or other coins.
You can trade on BTCe or other exchanges without ID if you're just doing crypto-to-crypto.
My point is that proving ID is not because "crypto is supposed to be anon but it's not", providing ID is because of USD banking regulations.
interesting content #1
just generally triggered content : *cryptocurrency (people using the term 'crypto' to mean that always confuse me, it's always meant "cryptography" or "cryptology") ... ) ✡ 😨
what it does have in common of course is trust
(*oh sorry,and sorry for spamming, in 'oy-vey.png' the lower right is gold)
i'm hugely bearish on BTC & coinalikes because of my general contrarian nature and that I think it is far, far, far too hyped and institutional shekels are meeting geek boners and the world-destroying force of techno-optimism, I think that there still maybe fun to had, but at the end of the day, the shekels aren't going to the ruggedly handsome libertarian with a musket, so to speak. as far as non-BTC coins, of course, there's too damn many of them ... basically, it's the dot com bubble, only instead of making computers spit out rainbows and unicorns and selling it to investors they're skipping the whole part about purporting to need rainbows and unicorns
@Deleted User used to be that you could just send some Russians cash in a vacuum sealed envelope.
but now mainstream bitshekels try to straddle a liminal between obviously illegal and legitimate investment, neither of which was exactly what the originators had in mind (but that's typical, look ath the Internet)
one expects such services still exist, but obviously aren't advertised and equally obviously are liable to be scams / this of course is all the fault of Silk Road, like most things (ask me my Ross Ulbricht story sometime)
So new to this, but basically use coinbase, then get their mobile app and I can use at a bitcoin atm via the qr code from the app?
Thanks btw for the previous info all. Still really new to me.
>Get $100 worth of BTC
>"Warning: Amount too low to cover costs of BTC fees"
Holy crap BTC sucks
@Tanner - SC The debate is _not_ between BTC and BCH but rather between BCH and all the other forks that happened around the same time
The other forks are going nowhere, BCH and BTC are the dominant players and worthy of debating. You might already be convinced that BTC is dead, but many others are not and need to see this debate.
I'm not convinced BTC is dead because it has name recognition and the software can be updated. It almost was a few months ago
Blockchain is 9 years old this month! Here was the first block mined:
Do you think the BCH/BTC transfer rate will get better than 5.73
I think yes.
oh already up to 5.79
I have 10k bet bch will reach parity
Just to be sure, I want the highlighted number to go up right?
@this_that5553 in the past 24 hours BTC went up and BCH went down, does that help?
@ThisIsChris I'm trying to understand how that rate number works in my favor. If the rate of "BCH/BTC" goes up, do I get more BCH when I shift it?
i just bought in, might not hold but expecting another spike at lesat
Oh yeah, if BTC goes up and BCH goes down, I should shift to BCH and get more
chart looks pretty good atm
did anyone get in on ZCL last week?
it still may have some legs and is going to award a coin called btc private to holders supposedly on 1/8. Potential dump at that time though, I'd be careful.
I have a very small position, most of the gains were already had but could see some more. Will prob sell just prior to fork after what happened with XVG. NEO looking good, XRP will probably keep pumping too.
@this_that5553 "BCH/BTC" is "how much BTC do I have to spend to get 1 BCH?" If you have BTC you want that number to go down, I'd you have BCH you want that number to go up.
btw its been going down :[
@ThisIsChris If you have BTC I wouldn't be terribly concerned if it went down. While there is some inverse correlation, I haven't noticed it to be terribly strict. BTC is becoming a medium of exchange for not only BCH but the vast number of altcoins available on the market. If you have only explored coinbase and GDAX you may want to check out Bittrex or Binance to familiarize with altcoins, if you haven't already. At this stage in the game, that's where the biggest profits are. :]
Wait “BCH/BTC” should mean “how many BCH per one BTC”
So if that number is high like 8, that means that if you buy BCH with BTC then you’ll get 8 times what you have with BTC.
So I do want that number to be high.
@this_that5553 BCH/BTC is about .158 now, so you need .158 BTC to buy 1 BCH, or equivalently 1 BTC will get you 1/.158 which is 6 and change BCH.
If you have BTC right now then you want BCH/BTC to be low.
Show me the number you’re looking at. Your rate number is reversed
“BTC/BCH” should be .158 while “BCH/BTC” is 6.03
If BCH per one BTC were low, then I’d get only a few more BCH with one BTC. But seeing that it is 6, I should get 6 times the coins
Yeah we’re saying the same thing. You want the price of BCH per one BTC to be low. But you want the number of BCH per BTC to be high
We’re just looking at different metrics
Yeah looks like it
Looks like prices are leveling out now though. I might want to buy
@this_that5553 could be! Do you have any thought why BCH will go up soon?
Not sure. Other than people being able to actually use BCH for practical things
I think BCH will get its own address format soon though
It's own address format? What does that mean/do?
Right now it’s impossible to tell if someone sent you a BTC address or a BCH address. So communication has to be very clear and explicit
The bitcoin.com wallet account for this by having rollover functionality
I was reading about iota yesterday. Looks awesome. Sad thing is that it’s so difficult to buy into some smaller coins
@this_that5553 yeah. Are you looking to buy more altcoins? Do you have a rough plan for how you approach what to buy and sell?
@ThisIsChris I am interested in buying coins with good uses that solve issues. It’s basically like stocks. You buy the stocks if it’s a good company with a use.
Something like XRP will spike but I don’t think they’ll take off. So with stuff like that, you are riding the speculation wave but practically they’re trash
That's great, thanks! I was curious where you were coming from. Looks like you are looking for long term investments?
Ripple has had a chance to get in bed with fintech and it hasn’t worked. They offer nothing to financial that they don’t already have. Except the ability to lose all holdings because of silly human error.
More than one year in the same spot?
Yes exactly. I don’t want to have to constantly monitor. In my mind, it takes too much to buy in and the chance of losing annoys me
BTC fees are %15 for crying out loud
Wow that's a lot.
Now you see why people are switching to alt coins haha
Cool well it looks like some solid thesis, good luck.
@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.
And you don’t have an obligation to invest just because the alt right spergs about it
I'll second that, @ThisIsChris and I want to stress to the younger folks. While I don't have the professional experience that some of our finance guys have, I do have a master's degree where we covered finance, accounting, and economics. That does not mean this is an argument from authority. Second, I'm an oldfag. I've been through two crashes, I've been investing since prior to the dot com boom (and bust). I'm on track for my retirement. Even if there's another crash, it is more than likely that I will be able to stop working when I decide I want to. What's the point of this? I'm telling you YOU CANNOT PREDICT THE FUTURE. YOU. CAN. NOT. DO NOT FOOL YOURSELF. ANY CHARTS OR ANALYSIS YOU CREATE, USE, ETC. INTRINSICALLY ONLY LOOKS AT THE PAST. YOU DO NOT KNOW WHAT WILL HAPPEN TOMORROW.
Always remember that. Always.
You may make better guesses and predictions than some other people do. But you cannot know the future with certainty. Do not fool yourselves.
My 10k crypto currency fund is all from crypto gains. I cashed out my initial investment already.
This may be a crazy prediction, but given the buzz of NEO heading into 2018 NEO GAS may be a second chance at the gains NEO has seen. I doubt it will go as high as this guy predicts but thought I'd share. Obviously do your own research and trade at your own risk. https://steemit.com/bitcoin/@haejin/gas-is-ready-to-power-a-233-profit-target-0-008724-btc
saw this 😅
Only Wavecrest issued cards. For example, TenX will have Wirecard as a new card issuer until they get their own banking license.
"Visa have today instructed us that we must close all WaveCrest issued Visa Prepaid Cards."
This is Wavecrest specific, nothing to do with crypto
Looking to buy raiden tokens and cheezuz is it painful to transact outside exchanges. Probably speaks to underlying problems with bottlenecking. part of why im in BCH and RDN.
Transaction fees on ethereum running at about $2.10 per transaction.
Transaction fees are going to be as bad as BTC for Monero too
I'm not gonna buy into a coin that doesn't solve this
@Aldo thanks for the tip on GAS, bought three and have made $45 off of it so far
yea that spike
was thinking more of a long term play, but whatever! Currently waiting for it to correct and rebuy. Also NEO is at a good buy price right now.
how big do you think the correction will be?
that was a lot of volume, can't ever say for sure
50% is typical
FOMO kicked in (Fear of Missing Out) rebought ha. That post I linked however was saying the big gains will come around febuary
I don't know about sbd but the exchanges I use to cash out only allow cash out in BTC/BCC/Litecoin/Ethereum
There are a lot of exchanges though so it's hard to say
@everyone Since Ethereum has crested $1000, are y’all planning to hold on to it? I’ve been sitting on mine for a long time and was planning to sell at $1000 but I kind of want to let it ride
Well if that was your target price, your exit point, why not stick with your strategy? Sell.
At that point you have actually made tangible gains. This is always important. Until you sell, it is only *potential* gains (or losses).
What "might" happen in the future is unknown.
Either way you might be kicking yourself.
you can use coinbase to get USDT which is pinned to USD and convert via gate.io or vice versa
other than that there is kraken and bitstamp
kraken is awful dont use it
bitstamp wont have you verified for at least 2 weeks
I filed my verification with them in December, around the 20th, and Im still waiting
yeah thats standard for all the exchanges, ID and some other forms of documentation because of government regulations. You can verify your bank account before that though, I would do both simultaneously so that you dont have to wait on that. Something to note about coinbase is that it generally isnt good to trade BTC and potentially other coins on it because transaction speeds lag a lot. You also generally cant get obscure alt coins on it, but you can get USDT (I think, you can the last time I checked) and use that on something like gate.io
basically I use coinbase as an entrance and exit or a method by which to convert to USD and trade on gate.io. I get my money in via coinbase, move it to gate.io via some vector that is stable and trade on gate.io. Once I want to get out I do vice versa
just make sure you keep track of gains and losses for tax reasons. Record every transaction, especially if you end up making any sort of notable gains. Anything sub 1k should be reported but isnt a huge deal, anything above 1k you should go out of your way to make sure is on your taxes, especially if its greater than 10k in gains (or losses)
how do you have the SBD stored?
Ok, how did you originally get into steemit?
I'm about to need to get just a bit of XMR I mined converted to dollars. The monero wallet you'd run on your PC... the GUI was an unstable nightmare. And the command line looks like... an autist created it. So, the deposit from my mining is NOT going to a local wallet, but to a wallet at MyMonero online. (inb4 OMG OMG Nevar use an online wallet OMG! This is just the way it is, until the offline wallet is worth a fuck.) I've got accounts on binance, bittrex, etc. and of course coinbase for bitcoin to dollars (and vice versa). But I need sure-fire steps to get the XMR into an exchange and converted to dollars. I think I've got it, but having never done it I'm nervous.
theres also this article
the 2nd seems to be more in depth
Yes, NEO and ARK both look good.
But literally every single exchange has blocked new user registration
TBH I just use Coinbase, the rest are too much of a hassle
good scalping on BTC lately tbh
but have noticed that alt-coin surges usually follow BTC surge post correction
jumping back and forth depending on state of BTC can be a good strat. I'm currently in 4 altcoins some safer than others as I hone some programming skills.
I wrote a scalping program in python to interact with the GDAX API for extra quick entry and exits, working through the APIs can not only give access to things like stop-loss protection which may be unavailable on the exchanges (on bittrex and binance for instance,) but an edge on entry/exit priority. GDAX for instance seems to prioritize market orders executed through the API over ones done through the site interface. DM me if interested. It requires IDLE or some python3 interpreter and the installation of some python packages through cmd or terminal, works on mac, linux, or windows.
I was able to double up scalping the BCH release that way.
I have BTC and ETH. Sold all my LTC. Besides that, some Golem and Obsidian.
What offline btc wallet should I use?
You can use a debit or credit card to convert USD to BTC, for BTC to USD I believe you need to connect to a bank account
I see a "Bank Wire" option as well, but have not done that personally.
https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/ from this article, "Electrum" may be your best option for an offline "desktop" wallet
Yeah there's also some other gold websites.
converting BTC to USD? localbitcoins
I believe Gemini and bitstamp have the option as well
I have not personally used bitstamp, but Gemini is as legitimate as coinbase, it’s FDIC insured as well
@Volkmom BitFlur is another service that allows you to exchange btc for usd into your PayPal account, I believe they will also exchange btc for amazon gift cards. I have not personally used them, but as far as I know they are legit. The fees are supposedly very low as well. JM Bullion and APmex will allow direct purchase of precious metals with btc. I have done that several times myself
@this_that5553 you should still be able to register at Coss, Kucoin, Hitbtc, and Cryptopia. Hitbtc and Coss have shit for volume, cryptopia is a little better, kucoin has most of the alt coins and ICOs that binance offers as well. Coss and Kucoin both offer a sort of “dividend” payout of trading fees that are distributed to holders of “their” tokens.
Is gate.io legit?
not familiar with that exchange
looks like its got pretty low volume
which is fine if you're just looking to acquire, but trading may be a problem if that's what you're looking to do
A friend suggested it. I’m looking around for an exchange to get XRP.
are you registered on any of the main exchanges? binance or bittrex, etc?
I am currently a no-coiner.
well hitbtc has xrp
How are the fees?
lower than bittrex..and lower than gate.io from what it looks like
also the price of xrp is almost .40 higher on gate right now
I’ll look into hitbtc. Thanks.
no problem. I don't think its nearly as reputable as the main exchanges fwiw
ive never had any problems withdrawing funds from them, but I've heard of other people that had lengthy delays, no response from support, ect
I would also advise anyone who uses one of the smaller exchanges to not store any large amounts of funds directly on the exchange
the larger, more established exchanges are "safer" probably not as likely to exit scam. But i'd recommend keeping larger amounts in a hardware or paper wallet, even a desktop wallet if you're careful with your security and keys. I keep some btc on binance just so I can have some liquidity. But the majority of my funds I store elsewhere
Bitcoin: so easy to put your USD into it...extremely difficult to pull it back out.
Cash deposit is where someone walks into your banks branch and deposits using your account number and name
Are you unable to sell on Coinbase?
@Grandeur inset up an account at coinbase but it's not letting me connect my bank account
I've tried many times
So on localbitcoins what option would one select to sell btc and have the money transferred to your bank account?
Transferred? I'm not sure. I've never used that, and I don't think it's nearly as popular (which means better rates or quicker sells) as cash deposit.
Is your lbc account fresh?
If you’re selling on local bitcoins, be careful. You could easily get set up and robbed for all the bitcoins you have on your phone.
I'd recommend using a VPN to anyone trading cryptos. I use this one https://nordvpn.com/
@Volkmom if the bank you have isn't working with coinbase, while it's an annoying extra step, you might consider opening an account with a more mainstream bank for that sole purpose.
That makes sense
Which was too small an amount to deal with unless I do cash by mail
ah, that sucks. the fees can be steep, can't believe it's that bad
what I'd recommend is converting to BTC and then LTC before sending to coinbase, where you can sell it for USD and cash out
I'd also check out binance as an exchange, they have pretty low fees, not sure if more or less than poloniex