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Ren's old crypto thread || we know how to buy this stuff now (1 Viewer)

Sandeman said:
So how do you do this? I have some $ in there. Do I need to transfer the money to BTC and then purchase BAT?
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This was my first time using it but I just clicked on my USD card and then clicked "transfer between cards". In this first box you choose which card you want to transfer to (BAT) and below it you choose the amount in which you want to transfer. It was pretty easy.

 
I've only been using binance for a short while but this is the first time I've seen the BTC price on binance higher than that of coinbase. Usually there's like a 20-25% discount or so on binance. Is that odd or was the discount I had become accustomed to the odd part?

 
SameSongNDance said:
This was my first time using it but I just clicked on my USD card and then clicked "transfer between cards". In this first box you choose which card you want to transfer to (BAT) and below it you choose the amount in which you want to transfer. It was pretty easy.
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Strange. I can't do that. I don't have a BAT card there.

 
tdoss said:
Which alts?

Luckily mine have all kinda stood pat or increased slightly lately.

With BTC rebounding...I find that very encouraging.
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I can only speak to binance but when BTC started the rally yesterday, shooting up from ~13700 to ~15300 most of the BTC pairs went red. I think this is normal though right? They lost a lot of sats but only decreased in USD by 10-20%.

I think BTC rebounding is a good thing long-term but if you knew that it was going to happen ahead of time moving all of your alts back into BTC and then buying them back on the dip would have obviously been the smart play. But like I keep saying in the context of cryptocurrency I'm super new and I'm just learning as it goes. Maybe I'm reading this incorrectly. 

 
But full disclosure I'm only invested in ICX at the moment, well and now BAT. I slowly moved all my alts into ICX over the past week so I'm hyper focused on how the BTC rally has effected it. 

 
SameSongNDance said:
I've only been using binance for a short while but this is the first time I've seen the BTC price on binance higher than that of coinbase. Usually there's like a 20-25% discount or so on binance. Is that odd or was the discount I had become accustomed to the odd part?
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Did you transfer anything from Coinbase to Uphold? Or, are you simply going through Uphold?

 
I gotta tell ya...every time I find a coin I like...it's on a different exchange than I'm already signed up on...

How many freaking exchanges is it going to take to cover the bases?

 
tdoss said:
I gotta tell ya...every time I find a coin I like...it's on a different exchange than I'm already signed up on...

How many freaking exchanges is it going to take to cover the bases?
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tell me about it

I'm on binance, crytopia, poloniex, bittrex, and bitgrail

 
Sold BTC at 12.4 something.  Glad I'm out, it's too rollercoastery.

I never had a problem with Coinbase, but I signed up for an account in Sept.

 
Happy holidays yall........ the crypto gods will see favorably upon us in 2018 

 
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Angry Beavers said:
Noob question.There are so many exchanges.

I am looking at buying Ripple. What is the best exchange to use for this.

TIA
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I did it the same way as @Nathan R. Jessep said above - but are you a noob as in you don't have any accounts at all yet? Binance may not be the first step you take.

ETA: For example, I opened a Coinbase account first, then bought Ethereum there. Then I opened Binance, and transferred the ETH from Coinbase to Binance to buy Ripple.

 
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Kanil said:
Riding this train...

Bought 2k worth at $34

Now:

$306.40 USD (-4.79%) 
0.01988290 BTC (3.15%)

Not selling until it's high enough to pay off my house (if it doesn't crash before then).
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Sold 7 lite to a friend when it was at 288 (really just sold him a stake of 7 of my coins since he didn't want to actually get into it).  Got my 2k back so I'm guaranteed to not lose money.  I secretly hope it all crashes to 0 just so I can call him a loser.

 
Plorfu said:
I did it the same way as @Nathan R. Jessep said above - but are you a noob as in you don't have any accounts at all yet? Binance may not be the first step you take.

ETA: For example, I opened a Coinbase account first, then bought Ethereum there. Then I opened Binance, and transferred the ETH from Coinbase to Binance to buy Ripple.
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Binance is fairly well regarded/safe? Thinking of doing the same. 

 
Capella said:
Binance is fairly well regarded/safe? Thinking of doing the same. 
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I don't trust any of these places. If I'm not day-trading the stuff I'm getting them off the exchanges. But yeah, Binance is fairly new but seems to be well-regarded so far.

 
Also, like ron posted earlier, use the GDAX interface instead of the Coinbase interface to make the transfer. It saves you on fees.

 
So the segwit fork is back on, probably going to happen tomorrow.  Segwit2x futures have been trending up, anywhere between $400 and $1000 the last few days.  I'm cashing in my alts for BTC for the time being to get my dividend

 
BTC in free fall right now. Some are speculating that it's due to a recent announcement by South Korea threatening to shut down exchanges if speculation gets out of control.

 
SameSongNDance said:
BTC in free fall right now. Some are speculating that it's due to a recent announcement by South Korea threatening to shut down exchanges if speculation gets out of control.
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China has already banned bitcoin 4,287 times but South Korea is the one that really matters!

 
These decisions came as the South Korean authorities are getting more and more strict with their regulations on the crypto market.

Choe Heung-sik, Financial Supervisory Service Governor, recently said: “The government’s stance is prohibiting financial institutions from entering the virtual currency market or nurturing environments for trading.”

South Korean financial institutions are taking a tough stance against cryptocurrencies with tightening regulations. The commercial banks in the country stopped opening new virtual accounts, which are necessary to trade on South Korean crypto exchanges. Two other banks, Woori Bank and Korea Development Bank, announced that they are also closing all virtual accounts provided to exchanges by the end of this week.

In September, after just two months of partnership with Bithumb, the largest crypto exchange on the Korean peninsula, five plastic card issuers – Shinhan, Hyundai, Hana, BC, and Lotte – stopped allowing customers to purchase digital coins with their cards.

The increasing interest of the Korean population in the crazy crypto economy has attracted the attention of the government. The South Korean government has formed committees to study the possibility of regulating this crazy market but has allowed the operation of crypto exchanges within its borders under strict rules.

https://www.financemagnates.com/cryptocurrency/news/south-korean-banks-backing-off-bitcoin/

South Korea is bigtime crypto country, so this could be a big blow to market sentiment.  

 
Reuters fanning FUD and fake news. Nothing new. But thanks all the same, nothing wrong with another dip to buy into. 

 
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