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Buying bitcoins

brendan86

Heh guys,

I've been doing a bit of research the last week into buying bitcoins.. I want to buy 1k worth, I know it's risky but I have it to spare and might just see how it goes for a year or so..

I have currently registered on mtgox.com and am awaiting approval on my Id verification.. Has anyone dealt with this site have any info for me?

If I put my money on mtgox that means I have to trust them with my bitcoins is this correct? I won't have to have a wallet on my computer?

I'm just basically asking for advice, it's what I want to do but if someone can explain the best way about it that knows more than me I would appreciate it

Thanks

Brendan

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Shauny2010

Alts are tanking now looks like they are going to get a right hammering over the next few days. The selling of the Alts is all that is proping up Bitcoin at the moment.
Welcome to the Crypto currency rollercoaster!!

smacl

Shauny2010 wrote: »

Alts are tanking now looks like they are going to get a right hammering over the next few days. The selling of the Alts is all that is proping up Bitcoin at the moment.
Welcome to the Crypto currency rollercoaster!!

For those of us arriving at the party late, I look forward to keeping an eye on when said rollercoaster reaches a deep trough for an opportunity to hop on board.

seannash

smacl wrote: »

For those of us arriving at the party late, I look forward to keeping an eye on when said rollercoaster reaches a deep trough for an opportunity to hop on board.

Actually yes, over the next few days if you were eyeing up some long term investments it will be the perfect time to buy back in

soirish

Kenny Logins wrote: »

Looks like the last month of craziness is just being completely wiped out.

Bitcoin whales are selling big time
https://www.bloomberg.com/gadfly/articles/2017-12-21/bitcoin-whales-are-cutting-back

Sabre0001

The sky is falling! Interesting times ahead...

Kenny Logins

soirish wrote: »

Bitcoin whales are selling big time
https://www.bloomberg.com/gadfly/articles/2017-12-21/bitcoin-whales-are-cutting-back

That's one. :pac:

soirish

will56

does anyone have particular targets in mind to buy back in ?

I'm thinking of setting orders at every $500/$1000 on the way down from $13000 ?

Or should I just sit tight and see if it will hit $10k or lower ?

Rumpy Pumpy

seannash wrote: »

Actually yes, over the next few days if you were eyeing up some long term investments it will be the perfect time to buy back in

Why?

cnocbui

will56 wrote: »

does anyone have particular targets in mind to buy back in ?

I'm thinking of setting orders at every $500/$1000 on the way down from $13000 ?

Or should I just sit tight and see if it will hit $10k or lower ?

Don't try and catch a falling knife, they say. I'd wait to see a couple of days of uptrend at least before buying in. Don't worry about missing catching the bottom.

Wombatman

cnocbui wrote: »

Don't try and catch a falling knife, they say. I'd wait to see a couple of days of uptrend at least before buying in. Don't worry about missing catching the bottom.

Won't be buying back today anyway. We will be looking back on a dramatic Friday once Europe closes this evening and the US closes tonight.

Could be the last working day for professional traders. With the tax year ending there may be a desire to finalise positions.

seannash

Rumpy Pumpy wrote: »

Why?

So for crypto's like Iota and Modum who have a lot of interest in relation to their tech their prices have fallen significantly overnight.
If you buy now with a view to hold there is a good chance it will go back up

Sabre0001

Thank you Coinbase for delaying SEPA transfer

Seeing some mad stories over on Reddit. Hoping there's some Walter Mitty internet BS going on!

Well my dumbass took out a loan for 10k to invest. Yup I wanted to get rich quick and yes I'm getting my ass kicked right now for being greedy.

On the bright side I got a $4k annual raise this month which is part of the reason why I took out the loan. To think on Monday my account was up $700. Well I'm gonna get ****ing **** face drunk tonight

****. I don't think I'm made for day trading. I was profiting until I bought 86k at 18600 thinking it was gonna go up.

Kenny Logins

If it offers any reassurance, you can get a bit of peep ahead by checking in on the CBOE futures prices here -

http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures

[Deleted User]

Sabre0001 wrote: »

Thank you Coinbase for delaying SEPA transfer

Seeing some mad stories over on Reddit. Hoping there's some Walter Mitty internet BS going on!

It's hard to think that many on reddit are being in any way serious and I think a lot of people on both sides are just trolling. You also know that half the HODL people have about $50 dollars worth.

It's a fun read though, the forum is just complete insanity all round.

brendanwalsh

This is a genocide gentlemen. Total wipe out. Hope some of ye followed my advice the other day and got off the streets before the Bitcoin Butcher arrived in town.

Too dangerous to jump back in yet. I'll wait till Cryptmas has passed and reassess. Lot of wise men are holding gold, frankincense and mir this year and dumping bitcoin! Meanwhile, the shepherds are leading more blind sheep to the slaughter organised by bitcoin jesus. Judas In wall Street is cashing out for 30 pieces of silver.

SteelyDanJalapeno

brendanwalsh wrote: »

This is a genocide gentlemen. Total wipe out. Hope some of ye followed my advice the other day and got off the streets before the Bitcoin Butcher arrived in town.

Too dangerous to jump back in yet. I'll wait till Cryptmas has passed and reassess. Lot of wise men are holding gold, frankincense and mir this year and dumping bitcoin! Meanwhile, the shepherds are leading more blind sheep to the slaughter organised by bitcoin jesus. Judas In wall Street is cashing out for 30 pieces of silver.

If you throw enough sh*t at a wall........

Grumpypants

brendanwalsh wrote: »

This is a genocide gentlemen. Total wipe out. Hope some of ye followed my advice the other day and got off the streets before the Bitcoin Butcher arrived in town.

Too dangerous to jump back in yet. I'll wait till Cryptmas has passed and reassess. Lot of wise men are holding gold, frankincense and mir this year and dumping bitcoin! Meanwhile, the shepherds are leading more blind sheep to the slaughter organised by bitcoin jesus. Judas In wall Street is cashing out for 30 pieces of silver.

Do you time your posts to make yourself look as dumb as possible. A genocide? It's up 4k in the last 4 hours.

GreeBo

brendanwalsh wrote: »

This is a genocide gentlemen. Total wipe out. Hope some of ye followed my advice the other day and got off the streets before the Bitcoin Butcher arrived in town.

Too dangerous to jump back in yet. I'll wait till Cryptmas has passed and reassess. Lot of wise men are holding gold, frankincense and mir this year and dumping bitcoin! Meanwhile, the shepherds are leading more blind sheep to the slaughter organised by bitcoin jesus. Judas In wall Street is cashing out for 30 pieces of silver.

Twas the night before Christmas,
and all through the house,
not a creature was stirring,
except me putting you on ignore.

cnocbui

Grumpypants wrote: »

Do you time your posts to make yourself look as dumb as possible. A genocide? It's up 4k in the last 4 hours.

He's done this Chicken Little sky is falling pronouncement before. Do it frequently enough and chance will line you up with a correction and you can crow about your great prediction.

jester77

brendanwalsh wrote: »

This is a genocide gentlemen. Total wipe out. Hope some of ye followed my advice the other day and got off the streets before the Bitcoin Butcher arrived in town.

Too dangerous to jump back in yet. I'll wait till Cryptmas has passed and reassess. Lot of wise men are holding gold, frankincense and mir this year and dumping bitcoin! Meanwhile, the shepherds are leading more blind sheep to the slaughter organised by bitcoin jesus. Judas In wall Street is cashing out for 30 pieces of silver.

A bit melodramatic, it's not that bad out there. I stopped trading 6 months ago as it was just getting crazy out there. I just had a look at my buy orders from back then, €30 for LTC and XMR, €1900 BTC. And they were realistic at the time. Things have just gone a bit silly too fast in recent months.

brendanwalsh

GreeBo wrote: »

Twas the night before Christmas,
and all through the house,
not a creature was stirring,
except me putting you on ignore.

Don't let the door hit you on the way out! Enjoy reddit!

Tinder Surprise

Right!!...who wants to explain candlesticks to me :eek:

EagererBeaver

Each stick is a specific time period.

Green. Closing price higher than opening. Bottom of the "thick bit", the candle, is the opening price, top is the closing price.

Red. Closing price lower than opening. Top of candle is the opening, bottom is the closing.

The wicks (the lines coming out of each stick) represent the highest and lowest price point for the time period.

GreeBo

brendanwalsh wrote: »

Don't let the door hit you on the way out! Enjoy reddit!

Erm, I'm not leaving, I'm putting *you* on ignore.:rolleyes:

GreeBo

Got some free BCX & Super Bitcoin from Binance today...not very much, but every little helps I guess

carrotcake

In the last 24 hours Binance has given me some small amounts of IOTA, NEO and Stellar Lumens (small as in 0.000003 BTC's worth in total). I haven't held any of these currencies before, and they're not showing up in my deposit or trade history. What's going on??

[Deleted User]

carrotcake wrote: »

In the last 24 hours Binance has given me some small amounts of IOTA, NEO and Stellar Lumens (small as in 0.000003 BTC's worth in total). I haven't held any of these currencies before, and they're not showing up in my deposit or trade history. What's going on??

It could be seen suspiciously tbh - i.e. start people off with other currencies so if they cash out their BTC they move the money into something else. If there's a big selloff I would be extremely worried about the solvency of these exchanges, and certainly would not be comfortable holding USDT.

machiavellianme

Down it goes again. The US must be waking up in a panic.

EagererBeaver

Just as it looked to be stabilising too ffs.