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Discussion Starter · #81 ·
Any reason why you chose those two over others?
Kraken for the ability to wire money directly from bank, and poloniex because of pair selection. Polo has a good selection of alts, what I'd call 1st tier coins.

I haven't traded on kraken recently but the new interface I tried a few months ago was miles ahead of the competition, however, it was in beta and a glitch cost me some potential gain, and I haven't been back yet to check out the finished product.

The exchange decision comes down to what pairs you want to trade, how you want to trade them (volume), and withdraw limits.

If you're day trading, you want big volume, but if you're first in line on an obscure alt coin with a big future you may have to use a lesser exchange.

Always know limits before you move money in, as some have very low (2k a day and lower) withdrawal rates for unverified accts...and you don't want to be stuck moving a few hundred thousand 2k at a time.....i mean what a great problem to have and all but around here we're trying to eat the cake too.
 
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Discussion Starter · #83 ·
Any thoughts on gatehub?
Ive poked around on it but never used it for a substantial purchase. It's recommended by the guys at XRP chat so I'm sure it's good.
 

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Meh, I'm still sleeping soundly. I think there is a very slim chance that I will lose money in my investment. But who knows, I've been proved wrong from time to time.




Full disclosure: I invested a total of $00,000.00 into crypto currencies.
 
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Discussion Starter · #86 ·
I am sipping......it's not time to gulp yet.
 

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My feelings exactly. I feel like there is still a shoe to drop with tether or some regulation/policy shift. I am still up a decent amount in my investments with a few losers, but since I got in at .03 from the bulk of my Cardano holdings it makes it easier to be optimistic. :cool: I am pretty sure we will see BTC under 6k.
 

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My feelings exactly. I feel like there is still a shoe to drop with tether or some regulation/policy shift. I am still up a decent amount in my investments with a few losers, but since I got in at .03 from the bulk of my Cardano holdings it makes it easier to be optimistic. :cool: I am pretty sure we will see BTC under 6k.
I was looking at Cardano too.....looked promising.
 

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Discussion Starter · #89 ·
Meh, I'm still sleeping soundly. I think there is a very slim chance that I will lose money in my investment. But who knows, I've been proved wrong from time to time.




Full disclosure: I invested a total of $00,000.00 into crypto currencies.
Read: I'm a miner. ;)
 

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Read: I'm a miner. ;)
Lol, no. I do think mining makes sense if you are actually making money on the mining, and you plan on using the equipment for something when crypto crashes.

I was planning on building a new workstation this year, so I'm hoping crypto crashes so I can buy a GPU for MSRP.
 

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O.K.... I have a few questions for you guys that are all hip to this stuff...



If you wanted to slowly build up a little pile of crypto currency, so that if it was to experience a spike like we saw last winter you could sell it and have multiplied your USD, how would you do that?

- What exchange would you use, knowing that you would really be hoping for a fast and seamless sell, in the event that things started to pop again?

- How would you store it in the meantime, again thinking of ease and speed of access to convert back to dollars if you wanted to.


Im asking because dabbling in this stuff has made us realize that a lot of things don't happen fast with these exchanges, and as Chris mentioned, there are fees and limitations on withdrawls (for example)and perhaps other pros and cons to consider. We don't picture ourselves as "Hodlers", just playing around, and wanting to know the best method to keep things liquid if we did get lucky.

With Chris' advice, we has been exploring and navigating these processes. (Thank you Chris!!!) I am putting this up, partly to take the strain off of him (ha!), as well as of course to hear others opinions, and be able to help others in my shoes/keep this thread going...

So far, we have bought a little Etherium on Coinbase, and traded it over to Ripple on Gatehub, and that is where it sits as of now, for reference.....(A process that takes a bit of time to complete)

**********I hope it goes without saying that I know there no way to know IF or WHEN that could happen, and Im NOT taking a second mortgage out, so don't feel like you're going to be responsible for my financial downfall if you offer any advice up....*********




Thanks!!!!!!
Carp
 

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Well shucks.....

I don't know if its cause of our new "paying vendor" spamming this place so hard, or what.....I though someone might have piped in with an opinion on above post by now...

My wife continues to experiment and learn her way around. She has been buying a little Ripple here and there, as it seems to be getting a little cheaper. Think she quit buying on Gatehub in favor of Binance cause Gatehub was seeming harder/more expensive than it needed to be. Basically have "lost" money at this point but not stressing it, as its such small potatoes and thinking of the longer term etc. Litecoin so far has held its own though.....

Right now stuff is still spread out over three exchanges.

Still curious if anyone has any experience or OPINIONS specifically geared at keeping the currency quickly and easily available in a fast moving situation where hrs never mind days seem to count a lot.....Needing to do multiple transactions to get back to dollars from something like Ripple?

Also curious about buying a dependable Ledger at a decent price....We are fearful that Amazon ones could be a ripoff or somehow tainted.

Thanks!!!
Carp
 

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Carp, I am no expert so I can't comment. I have been dabbling a little into BTC, BCH, ETH and XRP myself. Actually down nearly 50% from my initial investment, which is not that much <2K. Decided when I started, to stick with it and not try to day trade and leave what I have in there for the loooooong haul.
I have been watching for a hardware wallet myself and decided on the Ledger but they have not been available on Amazon for a little while now and saw "Keep Key" but I too have some concerns about the wallets on Amazon.
I use GDAX, and Poloniex to trade now, but registered with Binance, Kraken and Bitstamp, I have not used any of those to trade yet though.
I am not too worried about the speed of the trades, more worried about the security of the exchanges, which is why I want to get a good hardware wallet.
 

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Well shucks.....

I don't know if its cause of our new "paying vendor" spamming this place so hard, or what.....I though someone might have piped in with an opinion on above post by now...

My wife continues to experiment and learn her way around. She has been buying a little Ripple here and there, as it seems to be getting a little cheaper. Think she quit buying on Gatehub in favor of Binance cause Gatehub was seeming harder/more expensive than it needed to be. Basically have "lost" money at this point but not stressing it, as its such small potatoes and thinking of the longer term etc. Litecoin so far has held its own though.....

Right now stuff is still spread out over three exchanges.

Still curious if anyone has any experience or OPINIONS specifically geared at keeping the currency quickly and easily available in a fast moving situation where hrs never mind days seem to count a lot.....Needing to do multiple transactions to get back to dollars from something like Ripple?

Also curious about buying a dependable Ledger at a decent price....We are fearful that Amazon ones could be a ripoff or somehow tainted.

Thanks!!!
Carp
Check the list of authorized dealers on their site. I bought both of mine from a distributor directly. I haven't bought much lately, but am getting ready to start buying again. I actually was close to pulling the trigger and increase my holdings in several till the 30% jump the last 24hrs. I am going to give the g20 news a few days to die out and see where it goes. I am still up on my investment overall. But not a lot.
 

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Hopefully everyone's been paying their taxes on their crypto earnings....




HAHAHA! TOLD YOU SO! in [Market-Ticker]

I wrote on this a while ago and pointed out that cryptocurrency transactions are indelible and admissible. Therefore if you don't report and pay taxes on such transactions you will get boffed.

Well, the IRS has apparently figured that out too and the boffing is coming -- starting now....


Sent to me with personal information not included, of course.

There's a nice "substantial underpayment" penalty along with interest on it too.

Hope this person has it, otherwise the IRS will not only continue to accrue interest on that they may file an attachment on bank accounts and similar too....
 

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Cryptocurrency trading is a very broad subject. Therefore, I have always focused on a really reliable segment. It offers great opportunities. But if you don't understand strategy of crypto trading, then be careful. You can end with big lose. There are plenty free bots where you can set your own strategy and (here you can check crypto trading bot that I have been using Trading Bot Solutions - The BEST Solution for Crypto Trading).
 
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