I bought Lite at the $238 dip yesterday. Halved it at $340 today. I'll take that spike any day. BTW - wouldn't recommend putting in any stops on GDAX at the moment. You will be filled at a lower price.
True. Stops are always a b***** on these kind of exchanges, especially when the market is in a frenzy. Crypto needs way better exchanges before it can go truly mainstream, right now you're stuck with shady outlets which randomly go offline, lose your wallet, **** up orders etc.
What's the best site to use to buy these coins? like litecoin or bitcon; is is coincase or the other one mentioned?
@moestavern19 @Yung-T Ya'll are specifying the stop limit price right? And not just triggering a market sell? Not sure why they would fill below that. @zeeshan2 Coinbase is by far the easiest way to get involved. It also comes with higher fees due to this convenience. If you want in but are not trying to pay the extra fees, sign up for coinbase, deposit into their USD wallet, sign up for GDAX, transfer USD wallet over to GDAX and buy. YouTube videos will make this process appear a lot less daunting. The only trick is how fast can you get funds to Coinbase? Wiring funds is the fastest way, but comes with its own fees obviously.
Yes, exactly my thoughts. Anyone got CBs CEOs number? Gonna call him to see what's next. If it's really BCC, it's expensive wholesome compared to the other two. So while I think it'd go up, it wouldn't as much as some others. Come on guys, let's speculate what's next? I got some on XRP. SIL
To add to what @LonghornFan is saying, you can also deposit with your debit card and that will be available immediately but you will receive that card processing fee as well and the limit is lower than if you use a bank account.
Didn't happen to me, but a lot of people I know somehow had their stops f****ed up on some exchanges, especially during crazy dumping rallies. The system probably couldn't keep up with the market in those situations.
I see what happened. I placed a stop instead of a limit at $370 so it filled as soon as I hit it. rookie mistake I guess? I understand setting up a stop loss, I'm still a little confused about stops and limits and GTCs and all this ****.
I am not suggesting people use USDT. If they want to risk it, go right ahead. The trouble is coinbase is being willfully negligent on their server loads. They have everything to gain when their servers crash during these frenzy sell offs. Coinbase and Kraken have been notorious about this.
Maybe not $30...but the vast majority on coinbase wouldn't know anything about the coin and still invest, specially since it's so cheap. They generally see everything as an opportunity to make a killing... Money would flow into XRP like never before. How much of an increase that would result in? No clue, but it's safe to say it would give some very nice returns for those that own it.
Your options basically are Coinbase/Kraken or USDT. Or maybe Gemini - I'm not familiar with that one. What does Coinbase gain from server crashes? They are price agnostic - they make money from commission from trades. The more people that can't trade, the less money they make. I don't see why it's hard to believe that Coinbase servers can't keep up with the increased loads - just look at this thread to see how many new people are getting interested in the last month or so relative to how many were interested prior to that. Kraken servers always suck - it has nothing to do with peak times.
XRP already has the 5th largest market cap behind Litecoin. If it goes up to $1 it will be 3rd behind ETH. How much can it really go up?
