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Anyone Invested in crypto?
- Thread starter budm
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so coinbase really needs to update their capacity, site acting weird.
I dumped $400 into litecoin, buying at the top, probably bad, oh well. I ended up with 1.02 coins. Was about $12 in fees. Then it returned me to my account and saw my litecoin wallet was worth about $330. wth. Then I refreshed and it was at $375 and suddenly I have $10.11 of BTC
litecoin price on coinbase went from 370 to 315 instantly twice in the last 10 mins. Is there some bot trading that happens?
Litecoin has been exceptionally volatile today. Coinbase is getting hammered with the sudden rush to cryptos and so many newbies going there. You might want to read a little more about differing prices that I posted earlier.
hoosierdoc
Freed prisoner
so I'm trying to link my bank account using the app. First it told me my pwd was wrong six times, but it wasn't. Then I was able to get to the security questions, which it says I answered correctly, but keeps giving me the same security question again 
So I tried to website, still stuck on the security question for the bank.
They seriously need to fix their crap.
So I tried to website, still stuck on the security question for the bank.
They seriously need to fix their crap.
A 7.62 Exodus
Expert
They’re currently getting their asses handed to them. Everyone and their brother is trying to sign up for that site right now. Give it a few hours. Hopefully they can reign in the traffic and get back up to 100%so I'm trying to link my bank account using the app. First it told me my pwd was wrong six times, but it wasn't. Then I was able to get to the security questions, which it says I answered correctly, but keeps giving me the same security question again
So I tried to website, still stuck on the security question for the bank.
They seriously need to fix their crap.
hoosierdoc
Freed prisoner
Still annoyed that this site
https://www.coingecko.com/en/price_charts/litecoin/usd
has prices nowhere near what I paid. Fortunately I just dipped my toe in. as said above I think i may need to spend some more time reading and maybe do BTC and then transfer over. I'm planning to just print and have them at home for the time being since purely an investment.
https://www.coingecko.com/en/price_charts/litecoin/usd
has prices nowhere near what I paid. Fortunately I just dipped my toe in. as said above I think i may need to spend some more time reading and maybe do BTC and then transfer over. I'm planning to just print and have them at home for the time being since purely an investment.
Takes days to finally get verified on coin base. Link your bank account ASAP as u don't want to miss out. The real money is in other coins. Buy litecoin transfer over to purchase other cheap coins. Those coins are jumping 10 to 50% a day. Killing to be made there. Bitcoin and litecoin are done for big returns. Buy the cheap coins people. Coin tards we ride!!!!
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In doing some analysis of major cryptos, I came up with some interesting info that I figured I'd share.
You can see where Bitcoin has been bumping up against it's blocksize limit for a while now, with each of their blocks almost full at 1MB. This is the bottleneck that they are fighting and it is driving up the price of transactions. When a miner selects which new transactions to put into the next block, they are going to select the ones that pay the highest transaction fees.
Here are the median (middle, not average) fees. You can see Bitcoin's fees rising dramatically as the blocks filled up and they've had a backlog ever since.
Ethereum has a very different setup from Bitcoin and has been pushing through more transactions (particularly crypto-kitties recently). You can see how Bitcoin has not been able to push up the number of transactions processed/day.
At least part of Litecoin's recent run-up has had to do with the following factors:
You can see where Bitcoin has been bumping up against it's blocksize limit for a while now, with each of their blocks almost full at 1MB. This is the bottleneck that they are fighting and it is driving up the price of transactions. When a miner selects which new transactions to put into the next block, they are going to select the ones that pay the highest transaction fees.
Here are the median (middle, not average) fees. You can see Bitcoin's fees rising dramatically as the blocks filled up and they've had a backlog ever since.
Ethereum has a very different setup from Bitcoin and has been pushing through more transactions (particularly crypto-kitties recently). You can see how Bitcoin has not been able to push up the number of transactions processed/day.
At least part of Litecoin's recent run-up has had to do with the following factors:
- It is very similar to Bitcoin and one of the major alt-coins, which provides a certain level of trust.
- Bitcoin is bogged down and suffering from delays and large transaction fees, Litecoin currently has none of those problems.
- Litecoin has a lower price. Some buyers who can't afford a full Bitcoin feel better about buying 1+ Litecoins instead. This same reasoning is why you occasionally have stock splits (to keep each unit more affordable). This is purely psychological, but the attraction to buyers is real.
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hoosierdoc
Freed prisoner
Still can't get past coinbase bank verification pwd question
I've stayed uninterested, but maybe I haven't spent enough time on it.
You have a certain fundamental value underlying the investment, correct? Gold or whatnot.
A rise in price of the coin is due to what...demand?
Isn't this just another trader bubble? I can see that undocumentable transactions are valuable to certain fields, but what value does that have for an investor?
Bubble.
You have a certain fundamental value underlying the investment, correct? Gold or whatnot.
A rise in price of the coin is due to what...demand?
Isn't this just another trader bubble? I can see that undocumentable transactions are valuable to certain fields, but what value does that have for an investor?
Bubble.
I know they're having a lot of ID verification issues. Still can't migrate to GDAX because of that.
What's the underlying value of the US dollar? Cryptocurrencies have an abstract value. It banks the unbanked, holds value, is easily transfers, unregulated, and private... things that regular fiat, isn't, or doesn't do. Recent events have only given it MORE legitimacy.
What is the value of the US consumer franchise? The value of all Federal lands held in trust? The value of our military. Our GDP?
What is the underlying value of a crypto coin?
More legitimacy? Not when it varies with the wild swings that it has. It is unstable.
I'd love to buy some ripple.
finally found ripple yesterday at .50. I'll cash out at $100.
Or do some crying when it fails...
Where at?
hoosierdoc
Freed prisoner
Time to dollar cost average my litecoin down a bit 
