Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
Some questions for you guys. So we know about Mt. Gox. What about other vulnerabilities, such as https://www.cnbc.com/2017/07/20/32-million-worth-of-digital-currency-ether-stolen-by-hackers.html? Nothing on the internet is secure.
you definitely need to get comfortable with securing yourself. If you have over 1 BTC it should be stored in a hard wallet like Ledger or Trezor. Those are pretty idiot proof and will keep your coins safe.
I did the same thing, just to play around with it and watch it, mostly out of curiosity. I dropped ~$100 total to get like 1/100th of a Bitcoin, a fraction of an Etherium and approximately 1 Litecoin. That was at the end of May. My portfolio value currently is about $190. I have left it in my Coinbase account to this point. If I get more, I'll look into the wallet business.
So to clarify for a n00b.
1) correct
Awesome. Thanks for the help.
I don't check the price often because I'm in long term. But it was about $800 higher than what I expected when I checked. Gives more credence to your suggestions, I was enjoying the back and forth so I hope I didn't piss you off.
Coinbase you will want to use all real and accurate information. I believe they require scans of drivers license and current electric bill. Ok to use a throwaway blockchain.info wallet e-mail address, but you'll need to be able to access it again. Also store your 16 word recovery phrase offline.
In an odd twist of fate it appears Tatum Bell is actually motivating bitcoin.
Why?hooter311 said:
Because that's all it knows how to do and it's been a while since it's doubled, i'm getting impatient
Fake news out of China caused the last dip. Investors are so convinced its going to bubble they are looking for any reason to sell.
uncited sources behind most of it, including the Wall Street Journal articles.
Tssssshssstssssshshshhssssssssss - You hear that? That's just the air starting to come out. A 30% drop over the course of a year in the dollar would have worldwide implications, this drops 30% in 2 weeks - lot of pain ahead when the real burst happens, this is just the air starting to leak.
I like how you think 10% means anything, you're obviously new to the market here, we bitcoin investors piss on 50% swings. Please go back to the stock thread where you hope to gain 5%.IT'S BEING MANIPULATED SO THEY CAN BUY MY COINS FOR CHEAPER!!!#%%##
Another 10%
The bleeding will stop at some point in the next week or two, but it will only be a headfake/temporary reprieve.
Yes it's completely wild, not something I'd recommend investing in and checking on a daily basisI thoroughly enjoyed this.
its moved down and up 10% since my post an hour ago
Yes, this is how bubbles work. Smart money takes their profits before it's too late.
There are a lot of things that have ridiculous growth that I wouldn't call a bubble.
This seems unlikely, but I'm not going to argue that. Most people with some rudimentary knowledge think they understand the tech. Maybe the disconnect is in understanding how revolutionary the tech is in application to currency. Whatever, not going to argue that point.
No, I'm a sound investor, I don't buy or sell anything that consistently has 10-20% weekly swings, that's just risky/bad investing IMO.
I'm not sure what sound investor means. I think here you're using it to mean risk averse, which is a reasonable use I suppose. So you don't have the appetite for this level of variance. Fine. You sure made its eventual demise seem like a slam dunk just a few posts ago, though, so there's clearly a disconnect here. 1% of your net worth short crypto seems reasonable, not unlike having a small portion of your net worth in a PE investment which could hit big, but is likely to go to 0 ultimately.
I'm personally a bitcoin skeptic--but I admit that it's performance has proven me wrong up to this point. However, for me--it very much seems that bitcoin is an investment that will have a very binary outcome. Either it will skyrocket (which is what your prediction seems to indicate) or it will crash big time. My biggest concern with bitcoin is that it has skyrcoketed soo much up to this point--that it's almost inviting governments to intervene and or add regulations to it or for trading it. This is a giant question mark. I think if you are believer in bitcoin--just don't over invest in it. DIversify investments and create hedges so that if it does crash down--your ability to live comfortably doesn't crash down with it.
