BitCoin
Musk's since deleted post about his liking DOGE or being its CEO was his April Fool's joke.
BTC is the one that held its value the best through these rough times, and the only cryptocurrency I would recommend for a long term HODL.
I decided to set up a CB account since they allow you to use a debit card, and none of that BS wanting bank account credentials(actually they do ask for that if you want to link your bank account)
I went though all the verification steps level 3 or whatever, added my debit card (had to take picture of front and back of drivers licence) , verified my phone number (they texted me a code), had to verify my identity( had to take picture of front and back of drivers licence again and take a selfie)
I was all happy once it said everything was verified, it was super easy and quick, until I went to buy some BC and I noticed this....
$5 max a week for debit cards. WTF??? I used an account that had almost nothing in it so perhaps that might be a reason? Ill add some money to the account and see if that helps, but I doubt it.
Verified
Level 1
Invest up to $9,500. Buy digital currencies with your bank account or credit/debit card.
Verify phone number
Verified
Level 2
Unlimited investing. Wire funds in and out of Coinbase. Store USD in your Coinbase account.
Verify personal information
Verified
Level 3
Send and receive digital currencies.
Verify photo ID
Your Account Details
Account Limits and Features
Send digital currency
Enabled
Receive digital currency
Enabled
Bank purchases / deposits
$1,000
/day
3DS purchases
$5
/week
Card purchases
$5
/week
PayPal withdrawals
$25,000
/day
Wire transfer
$250,000
Now I read somewhere that it takes more than two weeks to actually buy the coins????
Looks like I will just have to eat the fees and do a wire transfer.(?)
I'm buying some bit coin "off the street" and will transfer it into coin base. Now I wonder if I will have limits posed on me how much I can cash out to my bank account, pay-pal etc when I want to cash it out(?)
Quote: AxelWolfI put a few thousand in that bank account and that didn't help my weekly limits. Still at $5 a week.
I'm buying some bit coin "off the street" and will transfer it into coin base. Now I wonder if I will have limits posed on me how much I can cash out to my bank account, pay-pal etc when I want to cash it out(?)
Embrace Bitcoin's convenience of use.
Kinda hard to deposit tinfoil hats and lead bunker lining into online casino accounts.Quote: MaxPenEmbrace Bitcoin's convenience of use.
5 Ways to Buy Bitcoin with Credit Card or Debit Instantly (2019) https://www.buybitcoinworldwide.com/credit-debit-card/
Quote: AxelWolfKinda hard to deposit tinfoil hats and lead bunker lining into online casino accounts.
Why don’t you just deposit black market BTC into Gemini?
Check with coinbase and maybe there’s a way to “upgrade” your account so you can do a higher tx amount.
Actually, if you’re buying street BTC, all’s you need is a wallet. Don’t need an exchange.
I don't want to park the BTC in a wallet and fade the market action. I want it parked in cash and use it to buy and sell BTC as I deposit and cash out from online the casinos. If they had something like Net-teller that I could use, I would just do that.Quote: RSWhy don’t you just deposit black market BTC into Gemini?
Check with coinbase and maybe there’s a way to “upgrade” your account so you can do a higher tx amount.
Actually, if you’re buying street BTC, all’s you need is a wallet. Don’t need an exchange.
There ya go.
I'm sure someone would be saying it's the lock of the century.
Quote: AxelWolfI knew there was a reason I didnt like Coin Base, I had just forgot. Perhaps I did something wrong?
I went though all the verification steps level 3 or whatever, added my debit card (had to take picture of front and back of drivers licence) , verified my phone number (they texted me a code), had to verify my identity( had to take picture of front and back of drivers licence again and take a selfie)
I was all happy once it said everything was verified, it was super easy and quick, until I went to buy some BC and I noticed this....
$5 max a week for debit cards. WTF??? I used an account that had almost nothing in it so perhaps that might be a reason? Ill add some money to the account and see if that helps, but I doubt it.
Now I read somewhere that it takes more than two weeks to actually buy the coins????
Looks like I will just have to eat the fees and do a wire transfer.(?)
OK. So, I have also set up a CB account, and as you did, I "achieved" level 3 as well. Have yet to try any transaction. Your post gives me pause. Any updates? Have you used CB yet? Like you, looking to buy BC, move to/from casino, etc.
Use another service? Any tips/suggestions?
Currently it's showing $7,246, up $887, (which I believe is from the market close yesterday).
Quote: HullabalooJust in case anyone hasn't been paying attention to it, bitcoin has been on a tear.
Currently it's showing $7,246, up $887, (which I believe is from the market close yesterday).
Up about 75% from the year-end low. Hoping it gets to 17-20Xs the last high, which is what happened last time. If so, we are definitely talking Cordoba.
Up 14% on the day!Quote: AZDuffmanUp about 75% from the year-end low.
Quote: OnceDearUp 14% on the day!
On one hand that worries me, OTOH, let it run. And get Litecoin get moving!
Worries you? Why?Quote: AZDuffmanOn one hand that worries me, OTOH, let it run. And get Litecoin get moving!
Quote: OnceDearWorries you? Why?
If it goes too parabolic too quick it will probably fall in the same parabolic way, seems to happen too often. Unlike 2017, this time I have enough to matter if it goes to new highs.
Then again it is just a wild week. Keep building a base and have a wild Nov/Dec!
Quote: AZDuffmanIf it goes too parabolic too quick it will probably fall in the same parabolic way, seems to happen too often. Unlike 2017, this time I have enough to matter if it goes to new highs.
Then again it is just a wild week. Keep building a base and have a wild Nov/Dec!
Predict the future : Take a position : Watch it resolve $:o)
It's only money :o) Might as well enjoy the ride..
Quote: OnceDearPredict the future : Take a position : Watch it resolve $:o)
It's only money :o) Might as well enjoy the ride..
I do not know your age but am guessing you are not as old as me so not an old-grouch pessimist?
Quote: AZDuffmanIf it goes too parabolic too quick it will probably fall in the same parabolic way, seems to happen too often. Unlike 2017, this time I have enough to matter if it goes to new highs.
Then again it is just a wild week. Keep building a base and have a wild Nov/Dec!
It'll keep going up and down. But the next time it tanks it will be a higher low than the last breakout at the end of 2017. I read something on reddit saying to keep track of the lows each period. It's been going up and up as time goes on.
I'm certainly much older than the age in your profile, and happy to answer to "old-grouch pessimist", or as I like to put it 'curmudgeon'Quote: AZDuffmanI do not know your age but am guessing you are not as old as me so not an old-grouch pessimist?
The rise of bitcoin won't change my life beyond maybe a few personal treats, which I'll be buying anyway.
If it plunges to zero value, it won't affect me at all..... Except I may have to deal with certain businesses by paypal or debit card. If it rises ten-fold. I'll smile but I won't wish I'd bought more.
I don't take investment decisions in the hope of becoming fantastically wealthy. Years of prudent, unadventurous investment got me to 'my happy place'. I just try to not risk becoming financially stressed.
$8,827.52
Sadly, I don't own any.
I put all my money into CrapCoin. The original price was great, but now it's at -432.22.
(BTC)
Following
$8,514.70
+
$105.66
(1.26%)
Supposedly the biggest Bitcoin Exchange on Earth, they have invested exactly zero bitcoin in customer service. Probably much more in 'anti customer service'
Having signed up and verified all my docs twice in the first month, they are now asking me to take a selfie holding a handwritten note of the date. What next? A notarized fk'in semen sample?
Not happening!
They can just f*** right off! My bitcoin are leaving their hosted wallet and moving to a hardware USB wallet* to be retained in my home safe. I'm just not prepared to have some faceless organisation blocking my access to my funds every or any time I want to use them.
* actually it's an access key secret that is moving: The bitcoin sit out there on the blockchain and are going nowhere.
I just got comfortable with coinbase so I'm not ready to move on yet. I do see that they don't have a good CS in place. As soon as I run into a problem like yours, or find something different that fits my needs I will be following your lead. It would probably be best if I slowly migrate into something else.Quote: OnceDearI'm officially through with Coinbase! W@nk3r5 !
Supposedly the biggest Bitcoin Exchange on Earth, they have invested exactly zero bitcoin in customer service. Probably much more in 'anti customer service'
Having signed up and verified all my docs twice in the first month, they are now asking me to take a selfie holding a handwritten note of the date. What next? A notarized fk'in semen sample?
Not happening!
They can just f*** right off! My bitcoin are leaving their hosted wallet and moving to a hardware USB wallet* to be retained in my home safe. I'm just not prepared to have some faceless organisation blocking my access to my funds every or any time I want to use them.
* actually it's an access key secret that is moving: The bitcoin sit out there on the blockchain and are going nowhere.
Well This is the direction I took.Quote: AxelWolfI just got comfortable with coinbase so I'm not ready to move on yet. I do see that they don't have a good CS in place. As soon as I run into a problem like yours, or find something different that fits my needs I will be following your lead. It would probably be best if I slowly migrate into something else.
trezor usb wallet
It doesn't provide an avenue for converting to/from fiat money, but I have that angle covered.
I'll let you be the guinea pig and tell me how it works out and then you can school me if its a good alternative. I already have many questions about that thing. I suppose I could use good old Google. That would make your BTC 100% anonymous assuming you bought BTC on "the street"? I assume you cant buy or sell BTC from that? I take it you would now have to manually enter transactions into a spreadsheet if you wanted to keep an accounting?Quote: OnceDearWell This is the direction I took.
trezor usb wallet
It doesn't provide an avenue for converting to/from fiat money, but I have that angle covered.
Quote: WizardI have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.
Selling now could be like selling Haloid in 1957.
Quote: WizardI have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.
I thought with bitcoin you could just cash out or whatever. Do you have to find buyers for it?
Quote: GWAEI thought with bitcoin you could just cash out or whatever. Do you have to find buyers for it?
There are exchanges. (PM me if you want a quick but small 20% or so profit.) But like the NASDAQ in the 1990s, there can be a bit of a spread. Wiz and a buyer can save this "vig" by doing a private transaction.
Quote: GWAEI thought with bitcoin you could just cash out or whatever. Do you have to find buyers for it?
That's true. It actually isn't mine, but I'm selling it for a friend.
Quote: WizardThat's true. It actually isn't mine, but I'm selling it for a friend.
With “friends” like this.......
Quote: AZDuffmanSelling now could be like selling Haloid in 1957.
It could also be like selling Enron in September 2000.
I don't normally do this but I'll let you get in on some WolfCoin backed by the bank of Axel. We can trade it straight across.Quote: WizardI have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.
But seriously, take it off the market, I got ya covered.
HODL!
Quote: MDawgThat 12K or so of BTC that the Wiz was offering for sale is now worth 13.3K or so....
HODL!
And up another 10% overnight.
1) get a wallet
As I understand it, examples of wallets include Coinbase, BRD, Poloniex. These are desktop & mobile. I understand there are hardware as well. Some people I read believe these are better. Thoughts?
Are there fees typically associated with mobile wallets?
2) buy some bitcoin on an exchange
It appears to me the 'wallet providers' I listed above also act as an exchange. So, I (for example) buy the bitcoin via Coinbase and can store in my coinbase wallet. Is this correct?
I assume there are fees associated with buying bitcoin on an exchange. Agree?
3) to sell bit coin, I can sell it on an exchange (for a fee) or sell it privately by providing my wallet address and it sends the buyer the bitcoin -- no fee
Agree?
At the risk of feeling like a dope, what am I missing?
Thanks community.
Quote: IndyJeffreyI'm new to the Bitcoin world, am I understanding this correctly? Amy advice tips, warnings, etc., would be appreciated.
1) get a wallet
As I understand it, examples of wallets include Coinbase, BRD, Poloniex. These are desktop & mobile. I understand there are hardware as well. Some people I read believe these are better. Thoughts?
Are there fees typically associated with mobile wallets?
No. Coinbase is an exchange. Not sure if the others. JAXX is an easy wallet to understand, but instead of a long explanation I will refer you to YT where they explain it better. I will say loudly, DO NOT LOSE YOUR RECOVERY PHRASE! It is the key to your coins.
Quote:2) buy some bitcoin on an exchange
It appears to me the 'wallet providers' I listed above also act as an exchange. So, I (for example) buy the bitcoin via Coinbase and can store in my coinbase wallet. Is this correct?
I assume there are fees associated with buying bitcoin on an exchange. Agree?
Coinbase is about the easiest exchange there is. PM me for a $10 bonus if you like. You will need to have an online bank account, do not worry so much about giving your info. I have been buying over 2 years, no hacks.
Quote:3) to sell bit coin, I can sell it on an exchange (for a fee) or sell it privately by providing my wallet address and it sends the buyer the bitcoin -- no fee
Agree?
Yes, usually buy or sell on an exchange. You can sell by sending it to anyone in trade for whatever you like. Naturally, be careful as there is no way to get it back.
You get two "keys." For simplicity, think of the "pubic key" like your email address and the "private key" as your password. You need to give away the public key if you are receiving. NEVER give away the private key, with the pubic key you can be cleaned out.
Quote:At the risk of feeling like a dope, what am I missing?
Thanks community.
Not a dope, we all started somewhere. No joke a guy I knew had no idea when I first told him about it and two months later he met a guy started him mining. PM if you want to discuss.
I also have a Coinbase wallet, which when I first opened it wasn't as strict about identity verification, but eventually became very strict, not at all anonymous. I have been receiving and storing BTC, BCH, ETH, LTC and various other crypto there for some years.
Both function the same. Coinbase is also a wallet.
I do not trade crypto, nor do I sell crypto. I HODL.
Quote: IndyJeffreyI'm new to the Bitcoin world, am I understanding this correctly? Amy advice tips, warnings, etc., would be appreciated.
1) get a wallet
As I understand it, examples of wallets include Coinbase, BRD, Poloniex. These are desktop & mobile. I understand there are hardware as well. Some people I read believe these are better. Thoughts?
Are there fees typically associated with mobile wallets?
2) buy some bitcoin on an exchange
It appears to me the 'wallet providers' I listed above also act as an exchange. So, I (for example) buy the bitcoin via Coinbase and can store in my coinbase wallet. Is this correct?
I assume there are fees associated with buying bitcoin on an exchange. Agree?
3) to sell bit coin, I can sell it on an exchange (for a fee) or sell it privately by providing my wallet address and it sends the buyer the bitcoin -- no fee
Agree?
At the risk of feeling like a dope, what am I missing?
Thanks community.
You got most of it.
You are just missing ID checks, security, delays, exchange rate volatility and transaction fees.
An exchange like Coinbase will make you identify yourself to an absurd degree before they will let you buy or sell Bitcoin. Photo Id, proof of address, possibly proof of source of funds. They ask for absurd things like a selfie of you holding up a piece of paper with the date on it. Exchanges like Coinbase also probably track and record information about your transactions. They will increasingly restrict you and probably send Suspicious Activity Reports to government agencies as they see fit. It's a real PITA when you have a fistful of Bitcoin and wish to sell them, only to find the exchange won't let you until you jump though their next hoop.
Security: Exchanges get crypto attacked and subjected to fraudulent behaviour all the time, (MtGox) and if your coins, ID details, and credit card details are held by the exchange, you could lose them or have them abused with little or no redress. Also, of course, any kind of internet outage could leave you unable to access your coins. Oh, and if you are careless with computer and password security, you could lose the lot and more.
Transaction Fees: can be pretty high. There are transaction fees even for private transactions Expect to lose about 3% in exchange rate fees when you switch from fiat money to Crypto or back again. Potentially much more or possibly less. Shop around. Also, each transaction you execute will have unavoidable fees of typically a few dollars or even a few percent, varies with coin type. Remarkably, you can roughly tailor your fees by sacrificing speed. A Bitcoin transfer can take about 20 minutes to 'forever' depending on what you bid for priority. Some businesses, especially casinos can make you wait many days or weeks for your BTC and exchange rates can move against you..
I now use a hardware wallet ( trezor) which stores the key to my bitcoin. Bitcoin only ever exist out there on the blockchain, not actually in wallets. That has physical value and I store it safely. I'll use an exchange if I ever decide to buy more or sell with fiat money, unless I can get someone else to trade with me. Wizard recently tried to sell a good chunk of Bitcoin for a fiend. I don't know how that worked out. Some coins are more easily marketed than others. some are so fraudulent that you might as well be buying unicorns (Bitconnect)
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000
Aren't We All!!!Quote: King777I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000
I'm not sure that I would put any faith in whomever this Trace Mayer is.
Quote: King777I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000
I expressed an interest in Wizard's buddies Bitcoin, but was a little too late....
...Someone dodged a bullet and someone caught one
Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018
$11,040.62 USD (-18.82%)
I know... It's just ordinary Bitcoin volatility. I can live without that kind of excitement.
Quote: OnceDearI expressed an interest in Wizard's buddies Bitcoin, but was a little too late....
If McAfee ends up not having to eat his D*^% then you still have some time....
I started playing bingo at the age of 18 on [Link redacted. I wondered when you'd start that]
Sometimes bingo winnings cover my annual income
Mathematics and good memory and most importantly success!
Quote: King777I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000
It will probably reach way higher than that, 100k some say and they do have a point.
Doesn't make it less of a gamble - this 2019 run is as obvious of a market manipulation as they come and the manipulators will come ahead and the crowd will mostly be holding the empty bags in the end as always.
