Investing

Bitcoin and Ether

  • Last Updated:
  • Dec 17th, 2017 10:55 am
Tags:
Member
User avatar
Dec 30, 2014
297 posts
57 upvotes
booming
Applesmack wrote:
Dec 6th, 2017 9:55 pm
I believe in Ethereum as I like the 'open source cloud' concept it promotes but I don't believe in Bitcoin. I want to invest in Ethereum but I'm concerned that a giant and inevitable plunge in bitcoin value will also impact all crypto-currencies. Is it a smarter play to just wait for the bubble to run its course before investing in Ether?
I can't get over this post.
I feel so bad for your cash.
Once eth/btc goes below 0.025 you are going to see fireworks.
This is a very bad spot for eth.
The network is junk. Garbage. It is a scam.
This is crypto. With all these junk coins and tokens your only hope is to buy low and sell high.
With eth that means buying it a $6 and SELLING at $500.
Don't do it the opposite way.
They are just waiting for you and your money so they can buy more btc.
If you like gambling go to a casino. At least you get the free drinks.
---------------------------------------------------------------------------
only bet with money you can afford to lose
Member
User avatar
Dec 30, 2014
297 posts
57 upvotes
booming
divx wrote:
Dec 7th, 2017 10:21 am
do you know what caused the rally this time? last time was due to the euro crisis triggered by the subprime mortgage credit crunch caused by the states, then some eu country started capital restrictions not just greece, but what happened this year?

When you talk like this you are missing the point.
Your question is totally irrelevant.
Who cares.
Don't get bogged down in the details.
You will not out think all the smart and rich people on this planet.
The train is here, why are you looking for reasons not to get on?
---------------------------------------------------------------------------
only bet with money you can afford to lose
Deal Guru
Jun 30, 2006
14183 posts
2539 upvotes
Toronto
So is any RFD member actually making money on BItcoin?
Member
Feb 11, 2013
372 posts
14 upvotes
Mississauga
save3save4 wrote:
Dec 7th, 2017 10:15 am
No, not doing anything wrong. You are just a little late. There is a huge wave of people now slowing it all down (really this is good).
You are in Mississauga. Have you considered using a btc atm? There are a few around you.
It looks like https://www.instacoinatm.com/bitcoin-toronto-en.html has the best rates.
There is also localbitcoins.com.
Although the premiums they are charging now for both of those options are quite rude. But it is an option.
Thanks. I agree with you, I am extremely late, but better late than never right? I am not sure how bitcoin atm works so I will do some research on that, can I buy in fractions? Also, if coinbase and quadrigacx is taking forever, is coinsquare a good option? or can you recommend another platform? I wouldn't be surprised if all platforms at this point are at max capacity.
Member
User avatar
Dec 30, 2014
297 posts
57 upvotes
booming
Pursuit2013 wrote:
Dec 7th, 2017 10:44 am
Thanks. I agree with you, I am extremely late, but better late than never right? I am not sure how bitcoin atm works so I will do some research on that, can I buy in fractions? Also, if coinbase and quadrigacx is taking forever, is coinsquare a good option? or can you recommend another platform? I wouldn't be surprised if all platforms at this point are at max capacity.
Yes everything is bogged down.
Atm is the fastest and easiest but you do pay a bit of a premium.
Although if you are buying fractions it's not really that big of a deal I guess.
It is easy.

Step one: make sure you have your wallet set up. Get the QR code for your wallet. This is your public address.
Step two: go to atm and push start.
Step three: scan your wallet QR code.
Step four: insert ANY amount of cash.
Step five: push send coins or complete transaction or whatever it says.
Make sure to take a picture of the confirmation screen.
Done.
---------------------------------------------------------------------------
only bet with money you can afford to lose
Deal Expert
User avatar
Oct 26, 2003
27360 posts
1793 upvotes
Winnipeg
save3save4 wrote:
Dec 7th, 2017 10:34 am
When you talk like this you are missing the point.
Your question is totally irrelevant.
Who cares.
Don't get bogged down in the details.
You will not out think all the smart and rich people on this planet.
The train is here, why are you looking for reasons not to get on?
i see you getting the wrong impression that i'm not already on this train since 7 years ago...
Sr. Member
User avatar
Jun 15, 2005
812 posts
16 upvotes
rodbarc wrote:
Dec 7th, 2017 7:26 am
At least you're doing better than Greg in 2011:

Oh wow, that would eat me up for the rest of my life. I can’t believe how much money that guy lost.

Does anyone move their BTC around when a crash is occurring? Any suggestions?
In the past I never have, but this next correction is going to be intense.
Member
Feb 11, 2007
301 posts
72 upvotes
Zebpay adds half a million users every month



Coinbase adds 100k user a day

Wall Street coming in next year.

100k Bitcoin by next year, you heard it here first. ;)
Deal Addict
User avatar
Oct 9, 2008
4120 posts
901 upvotes
Thornhill
jcdogg wrote:
Dec 7th, 2017 11:10 am
Zebpay adds half a million users every month



Coinbase adds 100k user a day

Wall Street coming in next year.

100k Bitcoin by next year, you heard it here first. ;)
You mean next week - CBOE has futures scheduled to go live Dec 10th. Let's see what side wallstreet takes :D
Newbie
Oct 29, 2015
44 posts
14 upvotes
So PlexCoin is a scam,
NiceHash gets hacked

and bitcoin is at 20k on quadrigaCX....

What's happening?
Member
Feb 11, 2007
301 posts
72 upvotes
save3save4 wrote:
Dec 7th, 2017 10:27 am
I can't get over this post.
I feel so bad for your cash.
Once eth/btc goes below 0.025 you are going to see fireworks.
This is a very bad spot for eth.
The network is junk. Garbage. It is a scam.
This is crypto. With all these junk coins and tokens your only hope is to buy low and sell high.
With eth that means buying it a $6 and SELLING at $500.
Don't do it the opposite way.
They are just waiting for you and your money so they can buy more btc.
If you like gambling go to a casino. At least you get the free drinks.
Exactly, Ethereum is junk.. its centralized (point of attack vitalik, look at Dao hack), its network gets clogged by a game lol, its inflationary not deflationary like bitcoin and litecoin.
Deal Addict
User avatar
Sep 14, 2008
1602 posts
243 upvotes
Winnipeg
jcdogg wrote:
Dec 6th, 2017 3:15 pm
Eth is not a store of wealth, its inflationary. BTC and LTC is a store of wealth, its limited and has scarcity.

Bitcoin 17k cad!!!!!!!!
It would have been nice if it took some more time to get there though.BTC that is.
Deal Addict
User avatar
Sep 14, 2008
1602 posts
243 upvotes
Winnipeg
DecayHeat wrote:
Dec 7th, 2017 11:35 am
So PlexCoin is a scam,
NiceHash gets hacked

and bitcoin is at 20k on quadrigaCX....

What's happening?
Pools get hacked fairly often. Is why they are a bigger threat that exchanges in my opinion (media rarely covers these).
I leave very little in my pool and comfortable taking a hit on the transfer out fees.
Member
Feb 11, 2013
372 posts
14 upvotes
Mississauga
save3save4 wrote:
Dec 7th, 2017 10:55 am
Yes everything is bogged down.
Atm is the fastest and easiest but you do pay a bit of a premium.
Although if you are buying fractions it's not really that big of a deal I guess.
It is easy.

Step one: make sure you have your wallet set up. Get the QR code for your wallet. This is your public address.
Step two: go to atm and push start.
Step three: scan your wallet QR code.
Step four: insert ANY amount of cash.
Step five: push send coins or complete transaction or whatever it says.
Make sure to take a picture of the confirmation screen.
Done.
Thank you. Do you have any recommendations on which wallet to get?

Top

Thread Information

There are currently 4 users viewing this thread. (3 members and 1 guest)

blexann, theinfamous, soul5tice