Message from @Patrick
Discord ID: 431232681746104327
Ok, @ThisIsChris , thanks. I was a little confused when I read the pinned posts: “Do not trust any online wallet service”
But Coinbase looks pretty trustworthy and powerful
Coinbase is the only one I trust and recommend to new people. And like Chris said, GDAX is for the next level, also trustworthy.
If we're talking large positions of cryptos (thousands of Dollars), you will probably want to look into a hardware wallet like Ledger Nano S or TREZOR.
Thanks! I’ll go with Coinbase then!
There are a few BTC ATMs in San Jose. Also there is a website called localbitcoins.com that you can connect with buyers and sellers in person through.
You can make a paper wallet too.
Whatever you do, don't send crypto to any person or website in the alt right directly from Coinbase. People are being banned for sending crypto to people like Chris Cantwell or Andrew Anglin.
Coinbase will ban you for buying kleenex. Always transfer to private wallet first before spending.
It’s either time to cry or time to buy.
oh shit
thank God I sold
I still have a lot of other stuff that dropped too though lol
Where is the major demand for cryptocurrencies coming from these days?
@Deleted User solid technical analysis, I'm all in
^ Just increased my positions 300% because of this chart.
So is crypto fucked?
@Jacob for the near term... My absolute guess is yes. Though I heard there are some Bitcoin ETFs coming out, which may help a little. Kinda like how Bitcoin Futures basically built up the last bubble.
@here is everyone using FIFO for their taxes on cryptocurrency gains/losses?
I still have to figure that out.
I put money in but I didn’t really take any out
I don't know much about bitcoin and cryptocurencies, but I do know that if you are going to use them to make the down payment on a house, when taking out a mortgage, then you need to wait a few months for your money to season after you converted your BTC into USD and deposited into a bank account, otherwise your lender might not approve the redeemed BTC as a qualifying asset.
What are the Jews up to now
This means we should buy, right?
@Jacob all other things equal, I guess so
@ThisIsChris Use whatever is most favorable. LIFO can be good.
lol no way I'm actually paying taxes on crypto
@Jacob how did you buy them?
Originally Coinbase, then Binance
They're definitely going to know about the coinbase stuff, maybe not the binance stuff. But coinbase will have a record of you purchasing the bitcoin and sending it somewhere.
🤔
@NuclearReactionary that's interesting. Cryptocurrencies were literally the only market open for traders who wanted to react to the Syria bombing.
I cannot tell if you are being serious @ThisIsChris
I simply don’t know enough about this stuff