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Bitcoin-Explain to me how to buy these things (2 Viewers)

it seems like the best alternative to coinbase is to buy a state of the art unbreakable USB drive and teach myself Level 9 encryption programming or some ####. no thanks. 

 
snitwitch said:
it seems like the best alternative to coinbase is to buy a state of the art unbreakable USB drive and teach myself Level 9 encryption programming or some ####. no thanks. 
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lol.  really not that complicated, but god forbid taking command of your own finances requires an ounce of thought.

 
Peyton Marino said:
lol.  really not that complicated, but god forbid taking command of your own finances requires an ounce of thought.
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Hey man I'm all into this but having to download coins to an offline wallet or USB so some Russian hackers don't steal your imaginary money isn't "taking command of your finances". It sounds more like the the beginnings of a RICO case. 

 
Capella said:
Hey man I'm all into this but having to download coins to an offline wallet or USB so some Russian hackers don't steal your imaginary money isn't "taking command of your finances". It sounds more like the the beginnings of a RICO case. 
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This is the part I still don't get.  If you have to do this how do you keep it in a investment/wallet to trade?

 
Capella said:
Hey man I'm all into this but having to download coins to an offline wallet or USB so some Russian hackers don't steal your imaginary money isn't "taking command of your finances". It sounds more like the the beginnings of a RICO case. 
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It amounts to taking a third party out of the equation.  If you keep your coins on an exchange, you leave yourself at the mercy of that exchange's security measures and solvency.  We've seen exchanges get hacked and we've seen exchanges go under.  I estimate it takes about 2 hours to buy a hardware wallet, open it, get it setup and make the transfer from an exchange.  It may sound sketchy, but all of this sounds sketchy.  You're relatively new to this, you get used to it.

belljr said:
This is the part I still don't get.  If you have to do this how do you keep it in a investment/wallet to trade?
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If you plan to actively trade, I would leave them on an exchange.  If you're looking to hold long term, hardware wallet is the way to go.

 
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Peyton Marino said:
It amounts to taking a third party out of the equation.  If you keep your coins on an exchange, you leave yourself at the mercy of that exchange's security measures and solvency.  We've seen exchanges get hacked and we've seen exchanges go under.  I estimate it takes about 2 hours to buy a hardware wallet, open it, get it setup and make the transfer from an exchange.  It may sound sketchy, but all of this sounds sketchy.  You're relatively new to this, you get used to it.

If you plan to actively trade, I would leave them on an exchange.  If you're looking to hold long term, hardware wallet is the way to go.
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:lmao:  THIS ALSO SOUNDS LIKE SOMETHING SAID AT THE ONSET OF A RICO CASE JIM

 
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So if I have 1 Bitcoin for example on my USB if I want to sell it. I have to load my USB put it back in an exchange then sell it?

I still get the gain from when I first put it on the wallet right?  For example I bought it at 5k. Put on usb.  Now at 10k sell it

 
belljr said:
So if I have 1 Bitcoin for example on my USB if I want to sell it. I have to load my USB put it back in an exchange then sell it?

I still get the gain from when I first put it on the wallet right?  For example I bought it at 5k. Put on usb.  Now at 10k sell it
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Yes. The wallet holds the coin. The exchange tells you the value.

 
Apparently Coinbase is paying referral fees for getting people to create an account and trade bitcoins.

So a bunch of Uber drivers on Youtube, who have built their Youtube channels to earn referral fees for signing up new Uber drivers, are now using their Youtube channels to recruit Uber drivers to use their Uber earnings to buy bitcoins on Coinbase.

:lmao:

Wait... this is sad as it's not going to end well at all.  :cry:

But still....  :lmao:

 
Capella said:
Why would uber drivers have YouTube channels. I don't understand a single word in that last post. 
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Uber drivers make videos to recruit new Uber drivers. They get paid a referral fee when a new driver signs up using their referral code.

They're now doing the same thing for Coinbase. 

ETA: Think of it in these terms: "The rip on Farrowtech Coinbase is now $3 $10. " 

 
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Politician Spock said:
Uber drivers make videos to recruit new Uber drivers. They get paid a referral fee when a new driver signs up using their referral code.

They're now doing the same thing for Coinbase. 
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Crazy!!!

wait, no. It’s not. Online brokerages do this too.

there is a TON of crazy / shady stuff to throw at crypto and Coinbase. This isn’t one of those.

Pick your spots imo

#fakenews

 
Sports Insights‏Verified account @SportsInsights 5m5 minutes ago

Bitcoin value on 12/31/2018 (PaddyPower)
$5k or less: +260
$5k-$10k: +900
$10k-$15k: +850
$15k-$20k: +300
$20k-$30k: +275
Over $30k: -120
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Too bad this timing doesn't line up with the 7/1/18 bet.  I know @lumpy19 would love to hedge and lock in a profit. 

 
I'm all in ETH at the moment but thinking of getting into some cheaper coins hoping for a moon shot.  BNB and BAT are enticing.  Anyone want to discuss?

 
Rhythmdoctor said:
I'm all in ETH at the moment but thinking of getting into some cheaper coins hoping for a moon shot.  BNB and BAT are enticing.  Anyone want to discuss?
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BAT’s spokesperson is the creator of java and had a part to play in Mozilla/Firefox. Brave is a nice browser. They also have people who were advisors on Facebook and Netscape. Coinbase CEO commented on twitter about it being the type of coin they want to add. I haven’t bought yet but I’m bull on it and will probably buy and hold for the long run.

 
Bojang0301 said:
BAT’s spokesperson is the creator of java and had a part to play in Mozilla/Firefox. Brave is a nice browser. They also have people who were advisors on Facebook and Netscape. Coinbase CEO commented on twitter about it being the type of coin they want to add. I haven’t bought yet but I’m bull on it and will probably buy and hold for the long run.
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Yeah, that's a lot of the reason why I picked that one.  The concept of BAT is to make online marketing more efficient and direct without the users giving up their privacy.  Seems like a good idea and the coin is trading around $.36 right now.  Why the F not? 

 
Rhythmdoctor said:
Yeah, that's a lot of the reason why I picked that one.  The concept of BAT is to make online marketing more efficient and direct without the users giving up their privacy.  Seems like a good idea and the coin is trading around $.36 right now.  Why the F not? 
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It has a good market cap too. I think betting on coins with a good background that have the potential to go on Coinbase (dispite my disatisfaction with them right now) is a smart strategy. It’s also clear they’ll just do it and only tell their allies so you have to be ahead of the curve. BAT, ZeroX (who has close ties to ETH) and XRP are probably high on the likelihood of adds over the next year.

 
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John McAfee‏Verified account @officialmcafee 34m34 minutes ago

Beginning tomorrow, I will each day talk about a unique altcoin. Most of the 2,000 coins are trash or scams. I've read every white paper. The few I'm connected to I will tell you. The rest I have no position in. These coins will change the world. You can support that change
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Translation: Beginning tomorrow, each day I will name a coin that I have a position in. And I want you rubes to pump it. I will create many, many greater fools.

 
tdoss said:
Educate me please...what does this mean?
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It means that the guys that rely on chartpatterns and technical trading in the stock market, keep trying to apply the same analysis to predict BTC price movements. I find it to be useless in crypto for the most part but either way, that chart is bearish. If it was a stock, I would sell.

 
So if I were to accept bitcoin at my store, and during the busiest Christmas season week I sell say $18,000 worth of product in exchange for bitcoin, later in the week when I order inventory to replenish my stock, I can buy only $13,000 worth of inventory with the bitcoin I received. 

I'm amazed merchants are not jumping all over this new "currency". I mean, what's a 30% cost when we are talking about low transaction fees, speedier transaction times and USB sticks replacing banks? :shrug:   

 
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