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Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)

UnravelKatharsis

UnravelKatharsis

Gold Member
Wandering Leopard said:
It's a double edged sword:
  • It creates opportunity to enter coins on watchlists
  • It's easy to see the good coins, they bounce back fast
So far it looks like a small crash, I wanted projects like ThorChain and Anker to drop further but it didn't happen.

I only increased my positions in API3 and Theta, and will pick up some Saito later.
Click to expand...

It's really just gotten to where I don't bother tracking each coin individually. Just watch Bitcoin and you know what all your alts are doing. Maybe someday things will be different.
 
Sybrix

Sybrix

Member
Paypal now offering Crypto...

For someone completely new to Crypto, would this be a good way to enter into it?
 
Sybrix

Sybrix

Member
Irobot82 said:
1. Can you send your Crypto to your own wallet?
2. What is the fee in buying Crypto?
Click to expand...

You have to sell your Crypto to add the funds to your Paypal Wallet.

Fees:

Purchase or sale amountFee
1.00 – 24.99 GBP0.50 GBP
25.00 – 100.00 GBP2.30%
100.01 – 200.00 GBP2.00%
200.01 – 1000.00 GBP1.80%
1000.01 GBP +1.50%
 
Irobot82

Irobot82

Member
Sybrix said:
You have to sell your Crypto to add the funds to your Paypal Wallet.

Fees:

Purchase or sale amountFee
1.00 – 24.99 GBP0.50 GBP
25.00 – 100.00 GBP2.30%
100.01 – 200.00 GBP2.00%
200.01 – 1000.00 GBP1.80%
1000.01 GBP +1.50%
Click to expand...
So if you buy BTC on Paypal you can NOT send it to your private wallet?

If not then no it's terrible.

Rule #1 - Not your keys, not your crypto.
 
Sybrix

Sybrix

Member
Irobot82 said:
So if you buy BTC on Paypal you can NOT send it to your private wallet?

If not then no it's terrible.

Rule #1 - Not your keys, not your crypto.
Click to expand...

As far as i can see, you can only sell it back to your Paypal wallet and goes in as cash in your chosen currency.
 
natjjohn

natjjohn

Member
I bought in ALGO earlier this year. Debating as to if should cash out initial investment so no matter what won’t lose money? Is that a common strategy or better to play it out for maximum potential. It is money comfortable losing. ALGO is up so hard right now so it’s tempting me since I’m assuming won’t ever explode to like 3k or something dumb like that
 
BigBooper

BigBooper

Member
natjjohn said:
I bought in ALGO earlier this year. Debating as to if should cash out initial investment so no matter what won’t lose money? Is that a common strategy or better to play it out for maximum potential. It is money comfortable losing. ALGO is up so hard right now so it’s tempting me since I’m assuming won’t ever explode to like 3k or something dumb like that
Click to expand...
If you feel certain it will fall, you are leaving money on the table by not selling at the high. Just depends on how certain you are. I sold most of my stuff this weekend, feeling confident that it would fall when the stock market opened, and I was correct and made some extra cash. Which I used to buy it all back a day later.
 
A

AnotherDayAnotherDollar

Banned
So I have done some research into crypto and just like how I should have bought AMZN or TSLA when it was $30 I am a bit late to the party, but there's probably still money to be made.

Question though on what the best place to make investment is. I have heard of binance, kucoin, and coinbase. Any of them stand tall above the others or is it pretty much like ameritrade and etrade (where it's pretty much the same thing)?
 
Hnjohngalt

Hnjohngalt

Member
AnotherDayAnotherDollar said:
So I have done some research into crypto and just like how I should have bought AMZN or TSLA when it was $30 I am a bit late to the party, but there's probably still money to be made.

Question though on what the best place to make investment is. I have heard of binance, kucoin, and coinbase. Any of them stand tall above the others or is it pretty much like ameritrade and etrade (where it's pretty much the same thing)?
Click to expand...
Some have coins the others do not. So its best to make accounts in all 3 of those and voyager too which is app only. If your in usa that is. Europe and canada use other sites.
 
Bunker Hosted

Bunker Hosted

Member
Action Jackson said:
Anything wrong with Kraken?

I moved away from Binance as several policy makers had them in their sights and their fees for deposits via SEPA were quite high.
Click to expand...
Kraken is aimed more at big time players or institutions, user interface could use some work; but its still much better than Paypal, Robinhood, or Wealthsimple
 
Dark Rider

Dark Rider

Member
I want to buy Bitcoin and I rather buy it from someone so I thought this is the right place to ask.
I want about $100 in bitcoin and I'm willing to pay with gift cards or psn/xbox live funds or subs
 
Dark Rider

Dark Rider

Member
Bunker Hosted said:
If you want to buy bitcoins locally from a person, its best to check https://localbitcoins.com/
Click to expand...

I don't plan on using phone wallets so meeting up with something to buy bitcoin will be unsafe on my end because I can't verify it as I hand out the money. Since many people in this thread do trade bitcoins (so they buy and sell bitcoins regularly anyway as opposed to people who just hold it) and we are all gamers here on neogaf I thought paying using gift cards or psn/xbox fund or sub cards would be ideal since we all use them anyway (steam codes are fine too if the user point me where to get them for them).
Thank you for your advice and link, I prefer to do it online though :messenger_smiling_with_eyes:
 
Kenpachii

Kenpachii

Member
3778e5a838932a1d7e91728557408247.png


was 30 a month ago.

Not going well.
 
Last edited:
haxan7

haxan7

Volunteered as Tribute
Can’t wait to see the US media regurgitating China’s “it’s for the good of the environment” horse manure.

www.reuters.com

China's top regulators ban crypto trading and mining, sending bitcoin tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.
www.reuters.com www.reuters.com
 
J

jason10mm

Gold Member
Supposed that hypothetically a friend of mine needs some bitcoin, around $20, in order to purchase a monthly membership at an unnamed web site that doesn't accept credit cards, allegedly. How might this person, absolutely not me BTW, conduct this transaction that may or may not actually occur??

Make a bitcoin wallet, buy some bitcoin at current market price or whatever, then quickly buy the membership before the btc price fluctuates using some sort of code for the wallet that doesn't trace back to the owner? Is that how this stuff basically works....for my friend? :p
 
Little Mac

Little Mac

Gold Member
Isn't this like the 5th time this year china has banned crypto? Don't make me go get the What China Has Banned list.

Also, that dip bounced back a lot faster than last time.
 
Last edited:
McCheese

McCheese

Member
jason10mm said:
Supposed that hypothetically a friend of mine needs some bitcoin, around $20, in order to purchase a monthly membership at an unnamed web site that doesn't accept credit cards, allegedly. How might this person, absolutely not me BTW, conduct this transaction that may or may not actually occur??

Make a bitcoin wallet, buy some bitcoin at current market price or whatever, then quickly buy the membership before the btc price fluctuates using some sort of code for the wallet that doesn't trace back to the owner? Is that how this stuff basically works....for my friend? :p
Click to expand...

Coinbase and Kraken support Google and Apple Pay, so download those, buy at least $30 of crypto (transfer fee's are a thing), then withdraw it straight to the dirty porno site legitimate businesses crypto wallet.
 
GeorgPrime

GeorgPrime

Banned
FAJ82GUWEAIDo2p


I love the Floki coin :D I am close to 10.000.000 just for holding them. :) gained another 60.000 Floki in the last two weeks



And another big news in two weeks :)
 
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