Official BGOL Crypto Currency Thread ★★★★★

xxxbishopxxx said:
You can leave them there if you want. no point in moving them just to move them, cause you are paying tranaction fees for no reason. At the very least you can look into an off line wallet for long term storage.
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ok thanks. Why are people using bitpay then? So they can move the money out of coinbase and buy things with Bitpay? I don't plan on doing that so I guess I don't need it. I do need to get on other coinbase like sites though because I see the prices are different.
 
24852347_1629504793759731_9931265530590480_n.jpg



Kinda proves this quote

483069_10151392953105155_924133154_n.jpg
 
What do you recommend to buy XRP/Ripple, I don't know if I'm using BitStamp correctly or maybe there is just a better option out there, thanks.
 
darth frosty said:
24852347_1629504793759731_9931265530590480_n.jpg



Kinda proves this quote

483069_10151392953105155_924133154_n.jpg
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darth frosty said:
24852347_1629504793759731_9931265530590480_n.jpg



Kinda proves this quote

483069_10151392953105155_924133154_n.jpg
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Wasn't familiar with bitpay and had to look it up. It seems bitpay allows you to use your bitcoin as a debit card. I think two things are at play...

1. People have claimed coinbase confiscated their accounts. I think people were trying to get a little too creative in hiding their bitcoin gains and ended being burned by coinbase. Coinbase is trying to be a legit company.

2. I think people are using bitpay to circumvent getting payouts and paying taxes on their gains.
 
xcluesiv said:
What do you recommend to buy XRP/Ripple, I don't know if I'm using BitStamp correctly or maybe there is just a better option out there, thanks.
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I use bittrex, but I'll let you know it's been sitting at .25 for a min now and might not be the best immediate buy imo(I'm pretty at this new tho).
https://coinmarketcap.com/currencies/ripple/

Even though I didn't get any response from ya'll regarding my question about MER(luckily decided to steer clear of it), I'd like to share some of the tickers I'm doing well with, besides BTC and litecoin(sold all of my ETH smh)
Vertcoin(VTC), Syscoin(SYS), Pivx(PIVX), Golem(eventually most likely)(GNT) and Status Network Token(SNT)
 
xcluesiv said:
What do you recommend to buy XRP/Ripple, I don't know if I'm using BitStamp correctly or maybe there is just a better option out there, thanks.
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I don't recommend buy XRP at this point. Plenty of other projects that will show greater growth in shorter amounts of time. That ship left the dock a while ago.
 
xxxbishopxxx said:
Wasn't familiar with bitpay and had to look it up. It seems bitpay allows you to use your bitcoin as a debit card. I think two things are at play...

1. People have claimed coinbase confiscated their accounts. I think people were trying to get a little too creative in hiding their bitcoin gains and ended being burned by coinbase. Coinbase is trying to be a legit company.

2. I think people are using bitpay to circumvent getting payouts and paying taxes on their gains.
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People aren't using bitpay for that purpose. Bitpay has all your info when you sign up. People such as myself use bitpay because they don't cause problems like conbase and others.

Who in their right mind is going to use any of the companies that use KYC/AML bullshit to try to avoid taxes? Other ways to do it without the trail.
 
gene cisco said:
People aren't using bitpay for that purpose. Bitpay has all your info when you sign up. People such as myself use bitpay because they don't cause problems like conbase and others.

Who in their right mind is going to use any of the companies that use KYC/AML bullshit to try to avoid taxes? Other ways to do it without the trail.
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What are some ways to avoid a trail?
 
xcluesiv said:
What do you recommend to buy XRP/Ripple, I don't know if I'm using BitStamp correctly or maybe there is just a better option out there, thanks.
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Buy Stellar XLM aka STR. I been making down payment money off of this shit.
 
xcluesiv said:
What do you recommend to buy XRP/Ripple, I don't know if I'm using BitStamp correctly or maybe there is just a better option out there, thanks.
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People are going to say don't buy Xrp but this may be the best time to do it. For the most part, xrp is one of the more stable assets for better or worse. If you are looking for a quick come up, xrp may not be for you. However, xrp is one of the best long term investments in my opinion.buy a safe amount that you don't care about losing and forget about it.

You don't want to be like people who are chasing IOTA now when they could have had it at .30 or less or the people who shitted on Dash at 20 and are now buying at 700 range.

Xrp is a finished product that may be being built on. The only concern is if Ripple can convince banks/others to use Xrp.based on current events, I'm still willing to take a L if they can't pull it off. Also, I have a feeling after March Ripple will attempt to target individuals and not just banks or at least do more to support individuals.

Given the issue with tether, I could also see xrp taking it's place as the crypto to run to if the market starts tanking in the future.
 
guyver said:
People are going to say don't buy Xrp but this may be the best time to do it. For the most part, xrp is one of the more stable assets for better or worse. If you are looking for a quick come up, xrp may not be for you. However, xrp is one of the best long term investments in my opinion.buy a safe amount that you don't care about losing and forget about it.

You don't want to be like people who are chasing IOTA now when they could have had it at .30 or less or the people who shitted on Dash at 20 and are now buying at 700 range.

Xrp is a finished product that may be being built on. The only concern is if Ripple can convince banks/others to use Xrp.based on current events, I'm still willing to take a L if they can't pull it off. Also, I have a feeling after March Ripple will attempt to target individuals and not just banks or at least do more to support individuals.

Given the issue with tether, I could also see xrp taking it's place as the crypto to run to if the market starts tanking in the future.
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Exactly. People are like "buy this coin and get lambo" when the coin is at an all time high and ready to make a drop. XRP is a safe bet if you just want to hold your money. It's getting to be more stable than thether.
 
gene cisco said:
People aren't using bitpay for that purpose. Bitpay has all your info when you sign up. People such as myself use bitpay because they don't cause problems like conbase and others.

Who in their right mind is going to use any of the companies that use KYC/AML bullshit to try to avoid taxes? Other ways to do it without the trail.
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Stand corrected about bitpay. With that being said what problems does bitpay solve over coinbase?

As to your other point, it seemed strange coinbase was "randomly" taking people 's money for no reason. if the paper trail is legit, then why were these account confisated?
 
gene cisco said:
People aren't using bitpay for that purpose. Bitpay has all your info when you sign up. People such as myself use bitpay because they don't cause problems like conbase and others.

Who in their right mind is going to use any of the companies that use KYC/AML bullshit to try to avoid taxes? Other ways to do it without the trail.
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so bitpay an coinbase is the same thing? Can you break it down for me in everyday people terms.
I was thinking coinbase is the exchange.. like when you go out of country an you give your money to the kiosk to get that countries money.. is that correct? If so, what are the other company's like bitpay for? Are they exchanges too, it didn't look like it on the site.
 
xxxbishopxxx said:
Stand corrected about bitpay. With that being said what problems does bitpay solve over coinbase?

As to your other point, it seemed strange coinbase was "randomly" taking people 's money for no reason. if the paper trail is legit, then why were these account confisated?
Click to expand...

It allows you to diversify. You don't have to have your money held hostage by one entity. Coinbase is known to give people shit and they are overwhelmed right now. Bitpay allows you to load up to 25k, have a $3,000 ATM limit, and $10k spend limit per day. Coinbase limits were shit last time I checked. Something like 15k for a week and if you want it raised they want to ask all types of invasive shit as if they don't have all your info on record already. :smh:

Coinbase can confiscate or hold shit because of their 'source of funds' bullshit. How do these crooks take your money to buy and then when it maybe goes up 10x, they want source of funds? Bitpay has all the info and can just hand it over to the IRS. Retards over at coinbase act like they can't do the same. It's almost like coinbase acting like they don't have the money to give people so they hold folks' shit over bullshit reasons.

cincitystudios said:
so bitpay an coinbase is the same thing? Can you break it down for me in everyday people terms.
I was thinking coinbase is the exchange.. like when you go out of country an you give your money to the kiosk to get that countries money.. is that correct? If so, what are the other company's like bitpay for? Are they exchanges too, it didn't look like it on the site.
Click to expand...

Coinbase is how people can get into the game buying BTC, ETH, and LTC. Some people just prefer to have different ways to pull money out instead of coinbase because of known issues with them. Bitpay allows you to pull money out simply by loading your Bitpay card. You even get a routing number that can be used for transfers. Bitpay will be adding support for other altcoins in 2018.

See my response above for more info.
 
Raymond said:
Exactly. People are like "buy this coin and get lambo" when the coin is at an all time high and ready to make a drop. XRP is a safe bet if you just want to hold your money. It's getting to be more stable than thether.
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That may be true of you're not monitoring the market thoroughly, but if you're paying attention, it makes no sense to hold on to a coin that's been sitting in limbo while there plenty coins that are raking in profits NOW imo. I have every intention on loading up on XRP, but in the meantime I'm making the most out've the main three and any hot alts I can work with. Why not make the most out of them and or even cash out during BTC/ETH/LTC dips to increase your main inventory? Holding on to sure things are cool, but if you're actively trading, it's basically unnecessary.
 
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gene cisco said:
It allows you to diversify. You don't have to have your money held hostage by one entity. Coinbase is known to give people shit and they are overwhelmed right now. Bitpay allows you to load up to 25k, have a $3,000 ATM limit, and $10k spend limit per day. Coinbase limits were shit last time I checked. Something like 15k for a week and if you want it raised they want to ask all types of invasive shit as if they don't have all your info on record already. :smh:

Coinbase can confiscate or hold shit because of their 'source of funds' bullshit. How do these crooks take your money to buy and then when it maybe goes up 10x, they want source of funds? Bitpay has all the info and can just hand it over to the IRS. Retards over at coinbase act like they can't do the same. It's almost like coinbase acting like they don't have the money to give people so they hold folks' shit over bullshit reasons.



Coinbase is how people can get into the game buying BTC, ETH, and LTC. Some people just prefer to have different ways to pull money out instead of coinbase because of known issues with them. Bitpay allows you to pull money out simply by loading your Bitpay card. You even get a routing number that can be used for transfers. Bitpay will be adding support for other altcoins in 2018.

See my response above for more info.
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appreciate the knowledge
 
Raymond said:
Exactly. People are like "buy this coin and get lambo" when the coin is at an all time high and ready to make a drop. XRP is a safe bet if you just want to hold your money. It's getting to be more stable than thether.
Click to expand...

Yeah. A lot of people in crypto are a bunch of hypocrites. They call xrp the banker coin, but get happy about things like bitcoin futures, ETH working with big corporations (maybe banks too), Neo maybe getting support from China and IOTA working with corporations.

When you think on It, bitcoin isn't as decentralized as people believe once you take into account that a few major mining groups have a lot of pull.

Initially my only concern about xrp was if Ripple was going to push it's usage and after watching an interview with Miguel Vias i felt that is their end goal.

They did drop the ball a little with SEWELL.
 
Bxlegend said:
That may be true of you're not monitoring the market thoroughly, but if you're paying attention, it makes no sense to hold on to a coin that's been sitting in limbo while there plenty coins that are raking in profits NOW imo. I have every intention on loading up on XRP, but in the meantime I'm making the most out've the main three and any hot alts I can work with. Why not make the most out of them and or even cash out during BTC/ETH/LTC dips to increase your main inventory? Holding on to sure things are cool, but if you're actively trading, it's basically unnecessary.
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I do trade the swings of other coins. I don't have XRP right now. It's just there for you to hold your money momentarily.
 
Bxlegend said:
That may be true of you're not monitoring the market thoroughly, but if you're paying attention, it makes no sense to hold on to a coin that's been sitting in limbo while there plenty coins that are raking in profits NOW imo. I have every intention on loading up on XRP, but in the meantime I'm making the most out've the main three and any hot alts I can work with. Why not make the most out of them and or even cash out during BTC/ETH/LTC dips to increase your main inventory? Holding on to sure things are cool, but if you're actively trading, it's basically unnecessary.
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No one is saying don't buy other assests or trade. I think you should always have a core position in anything you believe in long term, take profits as needed and have a amount you are willing to trade.

Not to mention you may be very good at trading, however, most people are trash and end up losing money or missing out on big gains for pennies.
 
Raymond said:
I do trade the swings of other coins. I don't have XRP right now. It's just there for you to hold your money momentarily.
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So what's your original point then? If you see that XRP is basically a stagnant coin at this point, why say it's wrong to advise someone to focus on more active one for the moment?
 
guyver said:
No one is saying don't buy other assests or trade. I think you should always have a core position in anything you believe in long term, take profits as needed and have a amount you are willing to trade.

Not to mention you may be very good at trading, however, most people are trash and end up losing money or missing out on big gains for pennies.
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Definitely, but it's pretty easy to see the swings if you monitor the market throughout the day, at least enough to catch a coin you're interested in even if you're a bad trader. All I'm saying is if you're looking to make the most out've a set amount of funds and are paying attention to the market, the only long term coins you should focus on are the main three, which are you bank.

One of the reasons in my original response I gave some good tickers as immediate options, which are ALL still doing well for the record too lol
 
A good way to monitor your coins on the run is the app blockfolio. Not sure if it's been posted here, but it's a solid resource imo
 
Bxlegend said:
So what's your original point then? If you see that XRP is basically a stagnant coin at this point, why say it's wrong to advise someone to focus on more active one for the moment?
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Go ahead and buy those stupid "to the moon" coins then. Good luck.
 
Bxlegend said:
Definitely, but it's pretty easy to see the swings if you monitor the market throughout the day, at least enough to catch a coin you're interested in even if you're a bad trader. All I'm saying is if you're looking to make the most out've a set amount of funds and are paying attention to the market, the only long term coins you should focus on are the main three, which are you bank.

One of the reasons in my original response I gave some good tickers as immediate options, which are ALL still doing well for the record too lol
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Again, you may be able to do that including having the time, but a lot of people would lose all their gains trying to be a trader and it's because they lack the real experience. Even with prior experience from the stock market etc, the crypto market doesn't move in the exact same way.

Most of us have done well and are holding coins that are moving, but I'm positive most of us have made bad calls as well including selling early or to your point holding for too long.
 
Raymond said:
Go ahead and buy those stupid "to the moon" coins then. Good luck.
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LOL I have literally only picked one coin that hasn't worked out for me since I started this 3-4 weeks ago, mainly because I don't shoot for the "moon," but I watch waves and read up on hot coins to ensure that they're sellable. Look at the shares I originally posted, they're solid and steady. Good replacement for while BTC is on the downswing so I can liquidate the more stagnate ones to more BTC/LTC/ETH. Ot's working for me like a charm. Only Mercury has given me a really great return, but I've eaten off of several alts that has already earned me roughly 35% profits.
 
guyver said:
Again, you may be able to do that including having the time, but a lot of people would lose all their gains trying to be a trader and it's because they lack the real experience. Even with prior experience from the stock market etc, the crypto market doesn't move in the exact same way.

Most of us have done well and are holding coins that are moving, but I'm positive most of us have made bad calls as well including selling early or to your point holding for too long.
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Good points. Trading is definitely not for everyone, maybe even myself included(too early to tell if I really got this down, despite my early positive gains). XRP is just a share I've been buying and selling since I started a few weeks back and I feel that I've watched it and read about it enough to make a helpful suggestion regarding it. This thread has helped make me a decent little extra chunk of change, it's the least I can do to pay it back
 
Bxlegend said:
Good points. Trading is definitely not for everyone, maybe even myself included(too early to tell if I really got this down, despite my early positive gains). XRP is just a share I've been buying and selling since I started a few weeks back and I feel that I've watched it and read about it enough to make a helpful suggestion regarding it. This thread has helped make me a decent little extra chunk of change, it's the least I can do to pay it back
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I'm sure your suggestions may have helped give everyone new ideas or an idea to revisit.

For me, I can think of a few I should have held, but I thought similar to you early on. I bought 20000 Nem around at .10 or so,sold all but 3000 when it wouldn't move out of the .20 range and now it's around .5/.6. Since you mentioned litecoin, I had 500 at 3 (maybe less) and sold it all before its run to 30. If I'm not mistaken in the 3 and 30 range, litecoin didn't have much if any movement and that's what some people liked about it.i think I bought more dash with it but I shouldn't have sold all of it to begin with. Even Dash was stuck between 80 to 90/100 for a minute.

Right now, I may be holding Siacoin for way too long, but they are more or less on track with the project. When the time comes, they need to market more and maybe try to go the enterprise route.

I don't disagree with your overall thought process. I'm just saying don't discount holding a core position of what you consider good projects with potential; for this months flavor of the month
 
guyver said:
I'm sure your suggestions may have helped give everyone new ideas or an idea to revisit.

For me, I can think of a few I should have held, but I thought similar to you early on. I bought 20000 Nem around at .10 or so,sold all but 3000 when it wouldn't move out of the .20 range and now it's around .5/.6. Since you mentioned litecoin, I had 500 at 3 (maybe less) and sold it all before its run to 30. If I'm not mistaken in the 3 and 30 range, litecoin didn't have much if any movement and that's what some people liked about it.i think I bought more dash with it but I shouldn't have sold all of it to begin with. Even Dash was stuck between 80 to 90/100 for a minute.

Right now, I may be holding Siacoin for way too long, but they are more or less on track with the project. When the time comes, they need to market more and maybe try to go the enterprise route.

I don't disagree with your overall thought process. I'm just saying don't discount holding a core position of what you consider good projects with potential; for this months flavor of the month
Click to expand...

Totally agree. And I missed the bus by selling early with Nem too lol One of my first trades
 
gene cisco said:
It allows you to diversify. You don't have to have your money held hostage by one entity. Coinbase is known to give people shit and they are overwhelmed right now. Bitpay allows you to load up to 25k, have a $3,000 ATM limit, and $10k spend limit per day. Coinbase limits were shit last time I checked. Something like 15k for a week and if you want it raised they want to ask all types of invasive shit as if they don't have all your info on record already. :smh:

Coinbase can confiscate or hold shit because of their 'source of funds' bullshit. How do these crooks take your money to buy and then when it maybe goes up 10x, they want source of funds? Bitpay has all the info and can just hand it over to the IRS. Retards over at coinbase act like they can't do the same. It's almost like coinbase acting like they don't have the money to give people so they hold folks' shit over bullshit reasons.



Coinbase is how people can get into the game buying BTC, ETH, and LTC. Some people just prefer to have different ways to pull money out instead of coinbase because of known issues with them. Bitpay allows you to pull money out simply by loading your Bitpay card. You even get a routing number that can be used for transfers. Bitpay will be adding support for other altcoins in 2018.

See my response above for more info.
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thanks for the info. I need to keep reading up on this stuff. I finally took the plunge an put a couple dollars on LTC last night thru coinbase. After seeing a vid in this thread where they were talking about GDAX trading for free I need to read more on it. I just don't know what's the most secure exchanges at this point. All the wallet stuff I'll learn later.
 
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