Buying bitcoins

cnocbui · 12-06-2017 02:47PM

Thanks for the advice, however I am aware of general investment principles and do apply them.

Nonetheless, Bitcoin still represents by far, the best return on investment in my portfolio.

Your money in the bank is safe (If you believe politician's promises, and it isn't 'insured'), if you consider a negative return and on-going capital depreciation 'safe' Inflation may be low, but it's not as low as bank interest less DIRT.

Dohnjoe · 12-06-2017 02:58PM

Another bit of caution for anyone is to double check when sending a big amount anywhere - apparently there is malware that can detect a copy/paste of a crypto wallet address and "replaces" it with another address when pasted

I do this as standard now with any bigger amounts

lawred2 · 12-06-2017 03:18PM

Dohnjoe wrote: »

Another bit of caution for anyone is to double check when sending a big amount anywhere - apparently there is malware that can detect a copy/paste of a crypto wallet address and "replaces" it with another address when pasted

I do this as standard now with any bigger amounts

thanks for heads up

b@stards

boardie100 · 12-06-2017 03:24PM

interesting article this on etereum....
kinda backs up my thinking a little....

https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

cnocbui · 12-06-2017 03:45PM

Dohnjoe wrote: »

Another bit of caution for anyone is to double check when sending a big amount anywhere - apparently there is malware that can detect a copy/paste of a crypto wallet address and "replaces" it with another address when pasted

I do this as standard now with any bigger amounts

Even before this, I have always had the habit of double checking the last several characters when copy/pasting crypto addresses and IBAN numbers.

WhiteMemento9 · 12-06-2017 03:54PM

If someone wanted to short ETH. Anyway of doing this?

cnocbui · 12-06-2017 04:07PM

boardie100 wrote: »

interesting article this on etereum....
kinda backs up my thinking a little....

https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

Very good article: Now I would say that since it echoes exactly some things I have pointed out, such as 'useful features' of crypto's not actually being used in the real world, leaving speculative investment as being the only real driver of 'value', and real-world examples and players not using Etherium and just cloning it for private use, essentially for free.

cnocbui · 12-06-2017 04:09PM

WhiteMemento9 wrote: »

If someone wanted to short ETH. Anyway of doing this?

Yes. There are exchanges where people can 'lend' their cryptos to people for a fee.

boardie100 · 12-06-2017 04:10PM

WhiteMemento9 wrote: »

If someone wanted to short ETH. Anyway of doing this?

not sure... i wouldnt have the balls to short it yet... its like a runaway train at the top of a steep hill

SteelyDanJalapeno · 12-06-2017 05:19PM

Bancor ICO having a mare of a time on launch

Massive ddos/network attacks

Seems now they have involuntary broken their own Terms and conditions of the sale now because of this, surpassing their 250k ether cap to 350k. Hopefully nobody gets fuccked

lawred2 · 12-06-2017 06:13PM

TiltedBrain wrote: »

Bancor ICO having a mare of a time on launch

Massive ddos/network attacks

Seems now they have involuntary broken their own Terms and conditions of the sale now because of this, surpassing their 250k ether cap to 350k. Hopefully nobody gets fuccked

That might take some of the lustre of these ICOs

machiavellianme · 12-06-2017 06:30PM

coinbase down for anyone else?

SteelyDanJalapeno · 12-06-2017 06:31PM

yep

Supercell · 12-06-2017 06:35PM

boardie100 wrote: »

not sure... i wouldnt have the balls to short it yet... its like a runaway train at the top of a steep hill

Looks to have peaked now, lots of profit taking. Am expecting a few days of hovering 0.12 BTC level followed by another mad rally, rinse repeat, collapse..when the collapse is anyone's guess, I think there's plenty of legs in ETH yet.

lawred2 · 12-06-2017 06:39PM

Off a cliff in the last hour

KilOit · 12-06-2017 06:40PM

Big crash was needed in fairness

Dohnjoe · 12-06-2017 06:40PM

Yeah market diving v hard now

I left fiat on coinbase for this type of moment, to buy up cheap alts, but that's down too

Thargor · 12-06-2017 06:41PM

Dohnjoe wrote: »

Yeah market diving v hard now

I left fiat on coinbase for this type of moment, to buy up cheap alts, but that's down too

Coinbase only sells BTC, ETH and LTC though?

Dohnjoe · 12-06-2017 06:51PM

Thargor wrote: »

Coinbase only sells BTC, ETH and LTC though?

I use to fiat on balance to buy BTC at Coinbase (am lazy), send the BTC to Poloniex or Bittrex.. wait 10 agonising minutes for it to arrive.. then try to elbow my way in and scavenge some bargains

SteelyDanJalapeno · 12-06-2017 06:56PM

Bit of a price correction going on, theres been a massive dump in the past hour

SteelyDanJalapeno · 12-06-2017 07:12PM

I'd like to get some more Eth during this dip but coinbase have timed their shiitshow very well.

Supercell · 12-06-2017 07:16PM

ETH bouncing back, the buy wall is massive still, there will be retrenchments, but I can't see any crash just yet. Time to take profits from the last few days rally imho and wait for the next bull run.

machiavellianme · 12-06-2017 07:16PM

TiltedBrain wrote: »

I'd like to get some more Eth during this dip but coinbase have timed their shiitshow very well.

Couldnt sell as the cliff started, cant buy at the valley. Disaster.
Going to look elsewhere after this.

jester77 · 12-06-2017 07:23PM

Got some at 320 before everything went down... ah well, it will fall much harder in the not too distant future.

150 million for Bancor, ridiculous

Supercell · 12-06-2017 07:24PM

Ripple and Stratis next whilst ETH takes a breather..IMHO STRAT looks cheap though XRP has being trying to break out last few days, worth keeping a close watch on, the ETH profit takers will invest in something else as always.

Aspiring · 12-06-2017 09:29PM

Anyone here use the Coinbase API? Does it work when the website says it's unavailable at times like this? I know the Kraken API continues to work even when Kraken is unavailable so I was just wondering. Could be worth writing a small piece of software to buy at times like this. It's quite annoying not being able to buy when you want to.

jester77 · 12-06-2017 09:46PM

Aspiring wrote: »

Anyone here use the Coinbase API? Does it work when the website says it's unavailable at times like this? I know the Kraken API continues to work even when Kraken is unavailable so I was just wondering. Could be worth writing a small piece of software to buy at times like this. It's quite annoying not being able to buy when you want to.

Mobile is working, so you can buy and sell there while the site is down

seanino · 12-06-2017 10:26PM

Hi everyone,
Ive been procrastinating about buying some bitcoins/ethereum. Had bitcoins ages ago but the sites etc have changed a good bit since.
is coinbase the best place to buy ethereum and bitcoin? Coinbase is now down. I can buy bitcoin on blockchain either but might hold off now as its dropped a bit. Just wondering if you had a decent amount in your wallet and you want to get rid quick. How do you do it? The whole buying and selling seems very slow when you would want it to be quick!?
I see kracken mentioned also but its 7% fee!

Do most people use credit cards or sepa, do the payments look dodgy on the bank statement?
Cheers,
seanino

discombobulate · 12-06-2017 10:27PM

jester77 wrote: »

Mobile is working, so you can buy and sell there while the site is down

Can see here whats up and down although mobile not working for me. I reckon they knock it down themselves and then allow people with larger balances to access through mobile as you need to be authenticated

discombobulate · 12-06-2017 10:32PM

seanino wrote: »

Hi everyone,
Ive been procrastinating about buying some bitcoins/ethereum. Had bitcoins ages ago but the sites etc have changed a good bit since.
is coinbase the best place to buy ethereum and bitcoin? Coinbase is now down. I can buy bitcoin on blockchain either but might hold off now as its dropped a bit. Just wondering if you had a decent amount in your wallet and you want to get rid quick. How do you do it? The whole buying and selling seems very slow when you would want it to be quick!?
I see kracken mentioned also but its 7% fee!

Do most people use credit cards or sepa, do the payments look dodgy on the bank statement?
Cheers,
seanino

There's a 4 percent levy on card deposits on coinbase so i'd go with SEPA. Usually arrives in account the next day. I bought my originals on Coinbase and now have them spread between there, Kraken and Poloniex. eToro is another trading platform option. Your not dealing in actual coins though there.

Buying bitcoins

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