Message from Why Tea in MacGuyver - Skills & Academics #cryptocurrency


2018-01-06 02:30:37 UTC  

that was a lot of volume, can't ever say for sure

2018-01-06 02:30:51 UTC  

50% is typical

2018-01-06 03:08:06 UTC  

FOMO kicked in (Fear of Missing Out) rebought ha. That post I linked however was saying the big gains will come around febuary

2018-01-06 16:10:25 UTC  

I don't know about sbd but the exchanges I use to cash out only allow cash out in BTC/BCC/Litecoin/Ethereum

2018-01-06 16:10:39 UTC  

There are a lot of exchanges though so it's hard to say

2018-01-06 16:52:30 UTC  

@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

2018-01-06 16:56:33 UTC  

Well if that was your target price, your exit point, why not stick with your strategy? Sell.

2018-01-06 16:57:27 UTC  

At that point you have actually made tangible gains. This is always important. Until you sell, it is only *potential* gains (or losses).

2018-01-06 16:57:47 UTC  

What "might" happen in the future is unknown.

2018-01-06 16:58:07 UTC  

Either way you might be kicking yourself.

2018-01-06 17:02:25 UTC  

you can use coinbase to get USDT which is pinned to USD and convert via gate.io or vice versa

2018-01-06 17:02:33 UTC  

other than that there is kraken and bitstamp

2018-01-06 17:02:37 UTC  

kraken is awful dont use it

2018-01-06 17:02:44 UTC  

bitstamp wont have you verified for at least 2 weeks

2018-01-06 17:02:56 UTC  

I filed my verification with them in December, around the 20th, and Im still waiting

2018-01-06 17:05:09 UTC  

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

2018-01-06 17:06:45 UTC  

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

2018-01-06 17:07:46 UTC  

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)

2018-01-06 17:09:15 UTC  

how do you have the SBD stored?

2018-01-06 17:13:10 UTC  

Ok, how did you originally get into steemit?

2018-01-06 17:17:19 UTC  

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.

2018-01-06 17:19:51 UTC  

@Volkmom you might be able to use coingecko

2018-01-06 17:20:10 UTC  

theres also this article

2018-01-06 17:20:33 UTC  

the 2nd seems to be more in depth

2018-01-06 18:04:36 UTC  

Yes, NEO and ARK both look good.

2018-01-06 18:04:59 UTC  

But literally every single exchange has blocked new user registration

2018-01-06 18:41:46 UTC  

Lol

2018-01-06 18:41:51 UTC  

Normies btfo

2018-01-06 18:42:09 UTC  

TBH I just use Coinbase, the rest are too much of a hassle

2018-01-06 18:42:50 UTC  

good scalping on BTC lately tbh

2018-01-06 18:43:13 UTC  

but have noticed that alt-coin surges usually follow BTC surge post correction

2018-01-06 18:44:01 UTC  

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.

2018-01-06 18:47:22 UTC  

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.

2018-01-06 18:50:41 UTC  

I was able to double up scalping the BCH release that way.

2018-01-06 18:59:06 UTC  

I have BTC and ETH. Sold all my LTC. Besides that, some Golem and Obsidian.

2018-01-06 20:43:28 UTC  

What offline btc wallet should I use?

2018-01-06 21:02:50 UTC  

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

2018-01-06 21:03:52 UTC  

I see a "Bank Wire" option as well, but have not done that personally.

2018-01-06 21:12:57 UTC  

https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/ from this article, "Electrum" may be your best option for an offline "desktop" wallet