Yeah, I see LTC as a safe bet too....but I think it's undervalued at $85...so I see the most potential in ROI with it. I think it should be around the $250 range, and within the next year or two, as people get more into crytpo, I think it'll start gaining the proper traction to shoot up in price.
Yeah, I like LTC. Good community and I enjoy Charlie Lee's tweets and commentary. Something to say that those three alts are the only ones listed on Coinbase to buy with USD -- safe bets. I think LTC will have to compete with Bcash and other Bitcoin hard forks in the future. LTC's success depends on Bitcoin, as they're hoping to grab the overflow of transactions that BTC cannot handle. It will be interesting to see how it plays out. In the meantime, I say we all make as much money as we can.
I have an account, but it's pretty finicky/unreliable and haven't used really. Bittrex is very user-friendly (imo), and of course, Coinbase/GDAX I would recommend to start with to buy with USD.
Historically we've always seen steep retraces after week-long surges, this would pretty much be the first time it never happened. BTC has been surging for like three months now and has only seen one real correction (from 7.5k to 5.2k), it would be shocking to see no correction and mean btc is backed much higher than thought. But that said, barely anyone expected it to hit 9.5k already, so we'll probably have to up the correction to the 8k or slightly above lvl.
Yeah, I have a Coinbase account, but was looking at Kraken and pages were failing to load when I was just looking to see their tier structure for access/funding/validation, etc. That wasn't very comforting. I actually have a Tier-2 account with Kraken and it says I can fund it with money, but when I try, it says I need a Tier-3 account. Smh. One of the things I don't like about Coinbase is that they only deal in 3 currencies (BTC, LTC, and ETH). I wanted to possibly put some money into XRP, too, hence looking into Kraken.
I hear ya (but warning about XRP, imo, I can explain more if you would like), but Bittrex can get you enhanced verification relatively pain free, and it personally has been very good to me. Be wary about Tether, given recent news, but I think that goes for every exchange. Binance is easy to sign up (did it in like 10 mins iirc for GAS selling), and get 1.5 daily btc withdrawal, but the interface has always been weird for me. It has lower fees than Bittrex.
But that is a major retrace -- the last two major retraces can be directly related to (1) China ban FUD (September), and (2) Bitcoin Cash hijack (November). I'm just saying I would be surprised if the market corrects $2K by itself without a big FUD pushing it as it has the last two times. @Dr of Dunk I like Bittrex -- I will deposit with coinbase, buy btc on gdax, then withdraw to bittrex wallet for alt coins.
Thanks guys. The way BTC has been moving, we may hit $10k by the time we wake up. lol. jk... well, sorta.
So if that guy would have stashed his 10,000 bitcoins instead of buying pizza he would be worth an additional 90-100 million dollars... crazy.
Well, yeah, but even the kid he gave the bitcoins to didn't keep the bitcoins. He traded them down the road, too, so he didn't make millions, either. Hindsight and all...
I'll do a wire transfer to Gemini and then transfer to bittrex. I do all my trading on bittrex. I stay as far away from coinbase as possible.
Why not just use Bittrex to buy your BTC? Only curious cause I have noticed on GDAX and Coinbase they charge a bit more per coin compared to some of the other exchanges like Kraken etc. EDIT - Nevermind, just read that you can't deposit USD into Bittrex, only can deposit BTC etc. So that explains the extra step to buy via something like coinbase or Kraken.
That was a retrace, but it went up more than 2k again and the bottom was very short-lived. You said you're pretty new to btc, you should look up the historical charts for the last few years and see for yourself. There have always been sharp retraces after major surges, it has nothing to do with fud or news and is more of a sign of healthy correction as the surges aren't related to a natural growth in volume etc.
Yup, a variety of online services use it as a payment option. Right now it's not as fast as PayPal, but that will change in the future and you also have the added bonus of the bill not showing up on your bank account. Also a good thing as the service providers don't get your bank account info, so they for example can't shadily renew a subscription suddenly and bill you without consent.
The odd thing right now is with the way it’s appreciating, you’d almost have to be nuts to use it as a currency. Lol.
That is going to be problem. BTC was invented to be used like currency which you can't because its so volatile.
You're absolutely right, I am new and naive to the trends past six months ago. All I have personal experience in is the last two major retraces that I outlined above -- hopefully we can agree both were tied to major FUD. But at the same time T, you have to look at these charts and realize it's like nothing we've ever seen before. Bitcoin broke every chartist and TA prediction the past few days -- according to the charts, it was not supposed to pump like that. One of your favorite guys has been calling for a $5,500 retrace since the price of bitcoin was in the $7,000s! I'm not sure you can honestly find a previous pattern and confidently say it will retrace by itself according to that pattern. It's creating pumps never seen before! That's not to say it will continue skyrocketing, but my personal opinion is there will need to be a big FUD event to cause it to drop to those previous levels. Bubble.. I remember people kept calling Bitcoin that years ago. Is that still a thing?
