Originally posted by DeadParrot
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******Bitcoin/Alt Coins Thread******
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Originally posted by Tar.Aldarion View Postbinance closed registration again pretty quick, must be getting hammered every day. Guessing it'll open again tomorrow morning, will check later
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Originally posted by shrapnel View Posti've asked revolut when we can start transferring cryptos out of our account, as for the moment my bitcoins are stuck there and i can't get them on binance
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Originally posted by Keane View PostIs the advantage of Binance to be able to trade with more alternatives, cheaper fees, or...?
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Originally posted by Keane View PostOK, I've got €100 in Kraken - what do I buy?
Opr
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Originally posted by Tar.Aldarion View PostYeah i was wondering what coin had the cheapest fee to transfer to binance, I'm guessing Eth or LTC?LTC being very low. Dunno what ripple is like at all.
Kraken are much better now than they were, was terrible before Christmas.
Ripple is .02 ~ 90cent. You really have to be careful with this stuff. The XMR withdrawal rate is about ~$25.
Opr
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Originally posted by Tar.Aldarion View PostRipple it is then! After I sell a few accounts haha! That's insanity that people are spending that much on accounts, saw some sold for 0.5BTC...$7000....
Most of stuff is locked up in kucoin but I have a binance accountPeople say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21
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Originally posted by mdoug View Post10^3 on raiblocks seems like a horrible prediction imo, it might go up but 10^3 would value them at about 150% of bitcoins marketcap?
1 RaiBlocks = 1000 Nano. So people owning RaiBlocks get the equivalent on this basis.
It is then bought and sold as Nano on the exchanges.
Opr
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Pretty much everyone here I think knows that. As SP pointed in the BBV all that matters is that the money keeps flowing into the market to keep the gains going so at least the short/medium term you profit. The weight of money trying to get into the markets still seems to be huge. The barriers to entry have remained quite high. It isn't an easy task to go about buying all this shit if your not fairly technically savvy. If someone can change that it could be a game changer. How much more money? What stage in the bubble we are at? How long this will last? No one really has a clue.
Opr
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Originally posted by Opr View PostPretty much everyone here I think knows that. As SP pointed in the BBV all that matters is that the money keeps flowing into the market to keep the gains going so at least the short/medium term you profit. The weight of money trying to get into the markets still seems to be huge. The barriers to entry have remained quite high. It isn't an easy task to go about buying all this shit if your not fairly technically savvy. If someone can change that it could be a game changer. How much more money? What stage in the bubble we are at? How long this will last? No one really has a clue.
Opr
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Originally posted by brady23 View PostWhat barriers to entry are there currently to enter the crypto market and what specific technical skill do you need to buy them?
Opr
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Originally posted by Opr View PostHave you bought any? Setting up an exchange account. Loading fiat into the account via a bankwire. Trading that euro to BTC. Using that BTC to buy something to can send to another exchange. Sending that to another exchange by doing a wallet to wallet transfer. Changing that back into BTC on the other side. Using that BTC to trade for the alt that you want on the market that you want. Then the process of getting it all out. It isn't like you press a button and you can buy whatever alt you want.
Opr
Perhaps investing efficiently is time consuming but as far as I can see from any exchange, the barriers to enter the market are negligible and the required technical skill is very low.
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Originally posted by brady23 View PostNo I haven't bought any but I set up an account quite easily 2 weeks ago. It was verified within 24 hours.
Perhaps investing efficiently is time consuming but as far as I can see from any exchange, the barriers to enter the market are negligible and the required technical skill is very low.
Opr
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Originally posted by brady23 View PostWhat barriers to entry are there currently to enter the crypto market and what specific technical skill do you need to buy them?
what blocks most if not all is patience and an ability to not be frightened by obscure alphanumerical wallet addresses and unfamiliar currencies.
There isn't a lot of technical skill needed, but the whole thing is so new, people dont trust it.
At the moment, people look at something like a bitcoin (@ 16k or whatever each) and ask questions like can I buy half a bitcoin? what can I do with it? how do I spend it?
How do I convert it to real money? They would also think that at 16k they have missed the boat and there is no point looking.
The ideas still very new, the applications and uses of blockchain technology are still being examined and discovered.
two projects that I'm interested in like DENT (exchanging mobile data allowances) EthLend (P2P lending based in ETH currency tokens).
Now, are they going to be THE public grabbing idea that is needed? I dunno, probably not. But there will be one. And when it happens, we'll all be driving Lambos on the moonPeople say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21
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I'm simply highlighting that I would disagree that the current market is in any way restricted by barriers to entry or lack of technical skill. It seems user friendly and accessible to me.
As you and I both said DP patience or how time consuming moving funds is a deterrent but I wouldn't call that a barrier to entry or a lack of technical skill.
Shotgun in your lambo to the moon too.
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Originally posted by brady23 View PostI'm simply highlighting that I would disagree that the current market is in any way restricted by barriers to entry or lack of technical skill. It seems user friendly and accessible to me.
As you and I both said DP patience or how time consuming moving funds is a deterrent but I wouldn't call that a barrier to entry or a lack of technical skill.
Shotgun in your lambo to the moon too.
Opr
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Wallete, paper wallets, hardware wallets etc was something I guy I work with had a huge problem understandingPeople say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21
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Guest
Originally posted by Opr View PostMaybe you should go an do the process before spouting about restrictive or otherwise it makes the whole thing?
Opr
Perhaps it's more restrictive than punting with a betting company but it's not actually difficult to get involved.
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Originally posted by DeadParrot View PostWallete, paper wallets, hardware wallets etc was something I guy I work with had a huge problem understanding
Opr
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In the short term there is one big issue which will identify and track pent up demand, new account restrictions, particularly on the more recognised exchanges.
Certain exchanges such as binance and bittrex are closed to new accounts due to their inability to even cater for their existing customers properly. Small windows of opportunity arise to enter but are filled quickly.
There is new money itching to get in.
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Originally posted by Tar.Aldarion View PostBinance is back open for registration, here is my referral if you'd like https://www.binance.com/?ref=20818213 otherwise remove the ref id during registration.
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Originally posted by timmalley View PostIf I manage to get signed up with Binance, where do I have to go to create a wallet or does it all come in 1 package?
Also, most main cryptos have their own wallet. I prefer to use separate wallets, just in case something happen to one of them (unlikely but possible)."Poker isn’t about default strategies, it’s about exploiting your opponent's bad tendencies"
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You will have a wallet on binance for recieving funds, each coin has it's own wallet in the deposit section. To store your coins you can leave them there or move them to your own wallet somewhere else. Note that the wallet type has to match the coin type or you may lose your coins altogether.
So the process is to buy something like ripple on a site like kraken, send it to your ripple wallet on binance and then use that to get whatever coins you want on binance.
Not some coins don't appear to have their own wallets so you'd have to leave them on binance.Last edited by Tar.Aldarion; 11-01-18, 14:31.
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Just be careful as well if you are using your own wallet that you understand about private/public keys etc. Many wallets also don't have 2FA. If you using a windows wallets without 2FA it is recipe for disaster imo. While still not the greatest option most people would be better storing on an exchange with 2FA enabled.
While we are talking about this for anyone who hasn't enable 2FA on Binance and on your email account then it should be something you do right now.
Opr
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I've already decided there will be a digital currency to rule them all, one day it'll probably be worldwide as the currency but I'll be long dead. The main thing is to pick the winner for our lifetime, so it's nice to be here at the emergence of a new standard and gambool.
You don't just get to bet on a currency, there are a lot of different areas the blockchain will be used, moneygram are now trialling ripple for sending money around the world etc. Banks use it, businesses will use it. Look at a coins use case when investing in it.Last edited by Tar.Aldarion; 12-01-18, 14:05.
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Originally posted by Tar.Aldarion View PostI've already decided there will be a digital currency to rule them all, one day it'll probably be worldwide as the currency but I'll be long dead. The main thing is to pick the winner for our lifetime, so it's nice to be here at the emergence of a new standard and gambool.
You don't just get to bet on a currency, there are a lot of different areas the blockchain will be used, moneygram are now trialling ripple for sending money around the world etc. Banks use it, businesses will use it. Look at a coins use case when investing in it.
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Originally posted by brady23 View PostI'm simply highlighting that I would disagree that the current market is in any way restricted by barriers to entry or lack of technical skill. It seems user friendly and accessible to me.
As you and I both said DP patience or how time consuming moving funds is a deterrent but I wouldn't call that a barrier to entry or a lack of technical skill.
Shotgun in your lambo to the moon too.
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Originally posted by Opr View PostWhat? It is being scaled by 10^3. The market cap would remain exactly the same. I am making no predictions about the price.
1 RaiBlocks = 1000 Nano. So people owning RaiBlocks get the equivalent on this basis.
It is then bought and sold as Nano on the exchanges.
OprGo big or go homeless.
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Yeah most people are getting into alts now, I am too for the craic! a good chunk of money on kraken to transfer to binance and it's down for two days since. They've offered free trading when it's back up but annoying having the money stuck.
Originally posted by Jibzzzz View PostGreat time to buy buy buy!
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wtf is happening to Bitcoin Diamond, up 1000% on kucoin and 500% on binance. I didn't even know I had any but checked and I do...
Some sweet manipulation there.
Bitcoin gold is up too (40%).Last edited by Tar.Aldarion; 13-01-18, 20:52.
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Man thank you to that boards thread reminding people that they signed up for free stellar lumens in bargain alerts in 2014. Was about to buy 300 tonight but chanced my arm and tried to log into their site, had 501 free ones on there, fuck yeah. No recollection really, just this little voice in my head saying check.
Some people on boards had 4/5k
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I haven't ever put in a cent to cryptos so you can all point and laugh at me when you're squillionaires. I have however been working closer to the bone in finance than nearly all of you guys and, to me, the words of Mr Money Mustache make a lot of sense."We are not Europeans. Those people on the continent are freaks."
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