Coinbase and GDAX are the same company. Coinbase is the user-friendly version that charges convenience fees on your purchases. GDAX is the exchange version of Coinbase and allows you to purchase without fees. 1. Sign up for Coinbase and deposit your money. 2. Then sign up for GDAX and it will link the two accounts -- very easy (and instant) to transfer money or coins between the two websites as they are the same. 3. Transfer USD from Coinbase to GDAX. 4. Use USD to purchase limit-buy orders for Bitcoin, Ethereum, or Litecoin. *5. If you're wanting to invest in a coin other than the three above, buy Bitcoin on GDAX and transfer the Bitcoin to another exchange (several examples of those in here, I personally use Bittrex). From there, you can trade Bitcoin for hundreds of other alt coins.
Do you think ADA and even a percentage of bc is safe for new investors? I know this can be tricky and no guarantees, but it'll be interesting on this, and on ADA how long you think into 18? This is just insane, I figured it'd slow down some but wow.
Predictions are generally pretty useless in crypto, people would've never expected such an explosive development this year. Not sure what you meant with "percentage of bc", maybe btc? In general, it is advised to hold the majority of your crypto money in bitcoin, as it's by far the most stable product and backed by heavy investors. Things are looking promising for 2018, as btc futures will be finally traded on Wall Street and pave btc's path into mainstream and global recognition. It is extremely difficult to come up with a btc price for 2018, but it should double even if you're pessimistic and many are throwing around numbers like 40k. With newcomers like ADA, you'll never know how things pan out, but as I've said, it to me is one of the best teams and technologies in the whole crypto space. They will present new developments and partners soon, so I'd say 1$/ADA is achievable mid-term. The coin supply is really high compared to other cryptos, so you shouldn't expect outlandish prices unless crypto completely takes over and the platform is used by millions. Me and others have said this a few times, for newcomers you'd want to mainly go btc and then invest in some of the supported cryptos like Ether (even though I sh** on it daily, first mover advantage and name recognition will have its price increasing for at least another year or two). Litecoin is also one of the most promising. Many believe in Monero/XMR, as it offers anonymity and is for example used by many darkweb markets. It is a good project, but many people (including lawmakers) believe that governments could draw the line here and prohibit cryptos that make transactions completely anonymous, especially because of tax reasons and criminal activities. So TLR: Invest the majority (at least 60%, higher doesn't hurt) in Bitcoin, then go with bigger ones like LTC and ETH. NEO is a good one if you believe in the Asian market. I'd still recommend ADA to newcomers, as the price is pretty low today, so you'll have a low risk-reward ratio and are extremely unlikely to see ADA losing much of its value in upcoming years.
Thanks so much, and definitely understand it being a risk/hard to predict, this is honestly just wild to say the least. And sorry, I meant BTC.
Yup! While the manipulators flee the market, the suckers are locked out of their accounts. I dumped a lot last night, thankfully.
Coinbank went down after the prices already extremely tanked, if I'm not mistaken. This isn't on coinbase. Edit: Or I'm reading this wrong and you're saying they intentionally did this and prepared this whole scenario beforehand to lock people out for own profits.
The massive plummet over the past few hours i attribute alot to coinbase being down but you are correct that stuff was going down before that.
What is the thought process here? Coinbase is inaccessible. Do I suddenly decide my Bitcoin is worth 10% less than it was before it went down and I need to sell? Why? If that's really the case, it seems like the whole market is being propped up by a foundation of quicksand right now.
I think it's more along the lines of: Coinbase has been adding 100K users a month on the regular. Bitcoin just crushed through multiple ATHs and then started to dip -- I would imagine there are a lot of new people unfamiliar with crypto cycles that would suddenly panic and sell, driving it down further. I do wonder, however, if Coinbase has safety mechanisms where they "go down" during big dips. Prevents too many people from trying to cash out all at once. A little too convenient, but I wasn't tracking coinbase during previous dips, so just mindless speculation.
Multiple exchanges crashed, indeed many believe this is intentional to prevent irrational market crashes and it has happened multiple times in the past. Good thing imo, this quickly settled down these past few minutes.
Well my transactions from Saturday still are not available in my account so I was stuck like chuck. Of course, I bought all of these too high and is why I've stayed away from things like this. Buy when people are scared, sell when they're excited. I guess I should follow this rule.
What do you mean by transactions from Saturday? Depositing USD into your account? That can take a while, unfortunately.
I don't know if this fits though. The new users on Coinbase couldn't access their accounts, so they wouldn't have been selling. And there was huge volume involved, so the odds of it mostly being a bunch of newbies just dipping their toes into crypto (and all online during those 30 minutes or so) seems really low. It was more sophisticated, active, and larger players involved in the selling. I doubt it - this would be destructive to their business if anyone ever found out (all it would take is a disgrunted Coinbase employee). I think the KISS explanation works well enough - high volume of traffic logging in and trying to make transactions overwhelms their servers.
