Cryptocurrency
TheCatt wrote:I bought litecoins today. I traded in 0.1 BTC for them. I'M DIVERSIFIED
How easy is it to get Litecoins?
I wouln't mind throwing some of by Bitcoin money at it.
Though... I think when Bitcoin reaches $800 there will be a big jump to $1,000. Then maybe $1,200 as news gets out.
Then pop!
That's my guess anyway.
Edited By Paul on 1384821497
Litecoins: I opened an account at BTC-e, and send them from Coinbase to BTC-e. It took 1 hour to move from Coinbase to BTC-e (3 confirmation, or level 3 confirmation, or something).
At that point, it was very easy to move to LC. It was only $60 worth.
I also pulled the trigger on another 0.5 BC at $625, which are now worth 1/2 of $774. (I'm quoting Coinbase prices now, due to the mtgox issues): Buy Price $776.85 Sell Price $774.71.
wtf. just wtf.
At that point, it was very easy to move to LC. It was only $60 worth.
I also pulled the trigger on another 0.5 BC at $625, which are now worth 1/2 of $774. (I'm quoting Coinbase prices now, due to the mtgox issues): Buy Price $776.85 Sell Price $774.71.
wtf. just wtf.
It's not me, it's someone else.
3 confirmations
Basically every time a block is solved on the network, the new transactions are folded into the record and sent to all the nodes. 3 confirmations means three blocks have come in including your transaction in the record, so the odds of it being somehow spoofed are slim.
Most places I've seen use 6 confirmations as the standard, but 3 seems almost as good IMO. Think of it as "odds of being swindled" and that each confirmation is one standard deviation of certainty of authenticity and you get the rough idea.
And I echo your wtf, today has been crazy. I have no idea at what price I should sell my coins. Can't even begin to guess. This makes me uncomfortable; usually when I buy a stock I have a particular price target in mind at which point I take my profits and go find another stock. On this market there is no other stock, so if I take my profit I just end up sitting around in cash waiting for a crash, watching all the money I could have had counting up.
How do you pick a sell point in a market like this?
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
How do you pick a sell point in a market like this?
Same way you walk away from a winning streak in Vegas. Just fucking pick one. Otherwise you're in forever and eventually lose.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
TPRJones wrote:...if I take my profit I just end up sitting around in cash waiting for a crash, watching all the money I could have had counting up.
How do you pick a sell point in a market like this?
I LOL'd!
I feel the same way about what remains of my Bitcoin.
I wish TheCatt would man up an buy some so I know to sell.
Edited By Paul on 1384825035
Well, with $2.3 million in buy orders at or above $600, there's still enough market depth to keep it from going too far down tonight.
I'm all back into bitcoins now, and I just put in a sell order for $5000 each. Now I go away and forget about it for awhile.
I'm all back into bitcoins now, and I just put in a sell order for $5000 each. Now I go away and forget about it for awhile.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Coinbase looks to be getting overloaded by influx of $.
Also, I've been trying to verify my identity on Coinbase, but I keep getting some question wrong. It's those questions like: Where was your SSN issued? How long have you lived at your current house? etc
I'm pretty sure I'm getting them right, or else I don't know who I am.
Also, I've been trying to verify my identity on Coinbase, but I keep getting some question wrong. It's those questions like: Where was your SSN issued? How long have you lived at your current house? etc
I'm pretty sure I'm getting them right, or else I don't know who I am.
It's not me, it's someone else.
Well that was a lot of chaos followed by some calm. Coinbase is trading at $780 right now. I made $500 on the 2BTC I bought and sold. I re-bought 1.5 BTC at lower prices, and am "up" $300 on those. I still have 8 LTC as well, which I bought at the bubble, and are roughly back to where I bought.
It's not me, it's someone else.