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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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smacl

dermotTrellis wrote: »

go now....

Not for me. Now is the time to watch and wait.

Grumpypants

brendanwalsh wrote: »

The butcher has got his primal cuts and ready to flame up the grille. Sad day for all. Anyone cashing out

These analogies are becoming more and more offal.

No point cashing out now, going to ride this crazy train to the bitter end. Great story for the grand kids. I'll sell the rights to Hollywood for wolf of wall street part 2.

The Bishop Basher

I sold out some yesterday but i'm in for the long haul..

Also have a buy order for ETH at €650 which I set 2 days ago..

It was a little tongue in cheek at the time..

Looks like it might be filled this morning..

Blacktie.

brendanwalsh wrote: »

The butcher has got his primal cuts and ready to flame up the grille. Sad day for all. Anyone cashing out

Any ham going?

rapul

Swanner wrote: »

I sold out some yesterday but i'm in for the long haul..

Also have a buy order for ETH at €650 which I set 2 days ago..

It was a little tongue in cheek at the time..

Looks like it might be filled this morning..

Looking very possible alrite im trying so hard not to buy anything till payday next week but im sure im not the only one in this situation! Might just have to turn off the laptop and phone for a week haha

The Bishop Basher

rapul wrote: »

Looking very possible alrite im trying so hard not to buy anything till payday next week but im sure im not the only one in this situation! Might just have to turn off the laptop and phone for a week haha

Know that feeling well..

Have to remind myself regularly that it's only money and there'll always be more opportunities..

I only dabble with small amounts so it's just a bit of fun..

It does teach patience though... something i'm very short on..

rapul

Swanner wrote: »

Know that feeling well..

Have to remind myself regularly that it's only money and there'll always be more opportunities..

I only dabble with small amounts so it's just a bit of fun..

It does teach patience though... something i'm very short on..

Your dead right it is only money but as you said patience is hard to come by,with cryptos anyway!

Glad to hear your only investing small amounts , same as myself, well small amounts in the past which have fluctuated all over the place lately of course but still okish , strong hands are needed in times like these its too easy to buy buy

[Deleted User]

Below 8k and falling. It could hit 5k by Monday at this rate

rob316

Still expect another meteoric rise this year, I'm waiting till this bottoms out and buying back in. Actually I've never bought in, I was given 1 bitcoin 18 months ago to clear a debt I was never going to get paid for, I only learned 2 weeks ago it was worth 19k! in December

Might learn about alt coins and see can I start playing with it.

smacl

Swanner wrote: »

I sold out some yesterday but i'm in for the long haul..

Also have a buy order for ETH at €650 which I set 2 days ago..

It was a little tongue in cheek at the time..

Looks like it might be filled this morning..

Did you cancel it in time? Coinbase at €601 and still going south.

makeorbrake

smacl wrote: »

Did you cancel it in time? Coinbase at €601 and still going south.

Just saw some big ass buy orders go through for ETH on Kraken - one for 1500 and another for 1300 ETH - buying in at $600....although 1.6% of their investment already gone in a matter of seconds as it's down to $590 now.

JohnnyFlash

Jumped 400 dollars in seconds on GDAX. Back near 8k. Crazy speculation.

seannash

makeorbrake wrote: »

Just saw some big ass buy orders go through for ETH on Kraken - one for 1500 and another for 1300 ETH - buying in at $600....although 1.6% of their investment already gone in a matter of seconds as it's down to $590 now.

where are you seeing it for $590

makeorbrake

seannash wrote: »

where are you seeing it for $590

My apologies for the misinformation - had the ETH/EUR screen open. :-(

The Bishop Basher

smacl wrote: »

Did you cancel it in time? Coinbase at €601 and still going south.

Yep.. Thankfully..

Most other days I would have walked away and missed it.

Cancelled and bought back in at €575

Grumpypants

Boing :pac:

smacl

Swanner wrote: »

Yep.. Thankfully..

Most other days I would have walked away and missed it.

Cancelled and bought back in at €575

Well played, still waiting on a SEPA transfer to happen so missed the boat.

[Deleted User]

9k incoming! Crazy market

BorneTobyWilde

moneymad

makeorbrake wrote: »

Just saw some big ass buy orders go through for ETH on Kraken - one for 1500 and another for 1300 ETH - buying in at $600....although 1.6% of their investment already gone in a matter of seconds as it's down to $590 now.

They're the smart people.They'll make money. And fair play to them.

will56

Grumpypants wrote: »

Boing :pac:

Is this the bottom/has it bounced or is it a dead cat bounce ??

EagererBeaver

will56 wrote: »

Is this the bottom/has it bounced or is it a dead cat bounce ??

Who the **** really knows.

Tinder Surprise

will56 wrote: »

Is this the bottom/has it bounced or is it a dead cat bounce ??

EagererBeaver wrote: »

Who the **** really knows.

all outta cats

must be the real deal

papu

will56 wrote: »

Is this the bottom/has it bounced or is it a dead cat bounce ??

Can only be determined retrospectively.
If you want to sell, go ahead, if you want to buy the dip, go ahead.

The Bishop Basher

smacl wrote: »

Well played, still waiting on a SEPA transfer to happen so missed the boat.

Cheers. It was a rare bit of luck..

I put a SEPA through late last night in the vein hope it would be there first thing as well..

It's just landed now..

I'm not sure this is over yet..

moneymad

Swanner wrote: »

Cheers. It was a rare bit of luck..

I put a SEPA through late last night in the vein hope it would be there first thing as well..

It's just landed now..

I'm not sure this is over yet..

Why are you buying crypto?

The Bishop Basher

moneymad wrote: »

Why are you buying crypto?

Not sure I understand the context of your question..

Why wouldn't I buy crypto ?

Fakent.ie

moneymad wrote: »

Why are you buying crypto?

He bought it to lose his money because burning it wasnt as exciting???????? why do u think

rob316

You'd have made a nice bit day trading today. Back over 9k now! These fluctuations are ****ing insane.

moneymad

Swanner wrote: »

Not sure I understand the context of your question..

Why wouldn't I buy crypto ?

I'm asking as you don't seem sure about buying it at massive massive discounts.