Crypto Currencies ~ " Duck Tales Spin From The Crypt"

Who here thinks BTC will make it to 100k? Some out there are saying even 1-12 million per BTC.

 

I know you were probably just giving example.. But
1 BTC is @ $10,272.80 right now... .

 

Gotcha, now I understand where you're coming from. The financial crisis of 2007-09 was horrible and a huge black eye on the financial services industry, for sure. And the fact that the bailouts had to happen sucked. It's a really long conversation as to whether the bailouts/everything afterwards needed to happen or not, but I definitely understand where you're coming from now at least!

 

True. Was just going off stuff I've seen past couple days. I'll have to look into fees and more research, but have the wife on board for more research.

 

When Bitcoin was down I bought $50 worth is it worth buying small amounts?

 

If it blows up like some are saying, having any will be worth something.

 

I'd say it's still worth it even though you only own a small fraction of one bitcoin, just imagine the value sky rocketing for some crazy reason. Now you're $50 investment just sky rocketed too.

I'm no market expert though so take my opinion with a grain of salt.
Someone else with more experience may chime in

 

I thought about doing Litecoin, but ended up doing some ETH instead as I see it being right behind BTC

It can be feasible... but the fees and you would have to have a big difference from buying and selling to make it worth it.

It is possible, no idea when though or how many more dips to go through to get there.

I see it as a good thing to buy when it dips, that is what I have done. Waited for dip and bough a few small amounts and then just HODL.

 

What's HODL

 

https://www.reddit.com/r/Bitcoin/comments/2b8t78/whats_hodl/

 

Reddit never disappoints. That's first link was great I lold

 

I would like ETH to go to 4k....

 

It's relatively easy on a trading platform- that's currently what I do. The best part about it is: you're not limited to 3 day trades in a 5 trading day period by FINRA or the SEC. You can trade in/out as much as you want. Different platforms have different fees, but on Bittrex (what I use) the fee is approx 0.25% of the value of the trade. Essentially, that value is $1.25 for every $500.

 

It's definitely still worth it because: we are so new and we are still in the WAY early beginning stages of this. Also, it's still worth it because BTC forks... If you held BTC when it forked, you automatically got the equivalent in BTC Gold- 1 to 1.

 

Thanks for the info. That's not too bad at all, based on my limited knowledge anyways

 

^^^This.

If and when we start seeing futures/derivatives/bonds/equities and all those other types of financial "products" it becomes less and less free-market and more and more manipulatable. This is why BTC "forks" so it can stay as free-market as possible.

 

Yeah, I kind of wish it was a flat fee, but it is what it is. If you traded $1Mil in BTC you'd be looking at a $2,500 fee on Bittrex. If you traded $1 Mil on E-Trade, it would be $4.95 in theory... I think it's kind of high myself, but it sort of "is what it is" at this point.

 

If you use exchanges that have "maker" and "taker" fees then you can set price limits that you can sell or buy only if the price hits your mark. So if you place an order to sell $10 higher than what market is then you will be the "maker" and you will be charged .1% when the order fills. And if you put an order in that matches an order out there already then you a .2% fee. Much better than buying at market price. Each exchange has different rules so just read up on them.

 

GDAX has FREE maker fees. However I moved all my stuff off GDAX to Bittrex and Binance because the IRS is collecting info from Coinbase(they own GDAX) from tax years 2013 to 2015 to try and track people down and screw them with taxes. So they will eventually start looking at the current years before too long.