Where your hard-earned money comes to die. Home.
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Late to the game--Any OPPORTUNITY FOR NOCOINMO to get in?
Poast new message in this thread
Date: January 3rd, 2018 2:35 PM Author: Stimulating bossy plaza What do I need to do? This is all foreign to me. Have about $1000 or so to drop. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072081) |
Date: January 3rd, 2018 2:44 PM Author: Autistic Slippery Therapy Yes (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072189) |
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Date: January 3rd, 2018 2:44 PM Author: Stimulating bossy plaza Expound brother. Do I need to buy litcoin, bitcoin or ETh first?Is there a credible how-to guide? (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072196) |
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Date: January 3rd, 2018 2:47 PM Author: stirring cordovan parlor indirect expression coinbase/gdax is probably the easiest to echange $ for BTC/ETH.
After that you can send to any exchange/wallet you like and start trading. |
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Date: January 3rd, 2018 2:50 PM Author: Stimulating bossy plaza Any reason why I should pick one of the following three over the other? BTC, ETH, and LTC. Presumably, I need one of these to purchase one of the other alt coins.
Also, better to fund via bank account or credit card? I guess I'd rather not share my bank info if unnecessary. |
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Date: January 3rd, 2018 2:52 PM Author: stirring cordovan parlor indirect expression BTC and ETH are the most widely used/traded, and they also still have some significant upside (according to most)
I am honestly not that familiar with LTC so others can chime in. |
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Date: January 3rd, 2018 2:53 PM Author: Stimulating bossy plaza Also, better to fund via bank account or credit card? I guess I'd rather not share my bank info if unnecessary. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072307) |
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Date: January 3rd, 2018 2:55 PM Author: stirring cordovan parlor indirect expression Meh, pick your poison I guess. If you are only looking to invest a small amount, funding by CC is probably easiest (Coinbase limits you to $750 a day for CC I think). If you are looking to invest serious bank you will need to link a bank account or do a wire transfer. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072329) |
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Date: January 3rd, 2018 2:56 PM Author: sepia soggy place of business office bank account takes like 10 days to get transferred these days
CC has high fees, but worth it IMO if you're only buying 1K or so so you can enter the market earlier
BTC has insane fees for transfer out of Coinbase - around $40 for each transaction |
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Date: January 3rd, 2018 2:57 PM Author: stirring cordovan parlor indirect expression CR about Coinbase and the fees. Best to fund a Coinbase account and use that to purchase BTC through GDAX. No fees for transferring BTC out of GDAX (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072353) |
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Date: January 3rd, 2018 3:00 PM Author: Stimulating bossy plaza BTC is pretty expensive, would prefer ETH. want to get in on some of the cheaper altcoins. I imagine I can buy some of the other coins with ETH or LTC? (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072387) |
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Date: January 3rd, 2018 3:02 PM Author: Glittery Splenetic Theatre Roommate fastest is to wire money to coinbase/gdax. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072409) |
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Date: January 3rd, 2018 3:14 PM Author: sepia soggy place of business office wiring takes like 10 days now
i'd pay with credit card prob |
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Date: January 3rd, 2018 3:21 PM Author: Glittery Splenetic Theatre Roommate Are you sure you didn't do a regular transfer? I did a wire like last week took only a day. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072565) |
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Date: January 3rd, 2018 3:24 PM Author: Stimulating bossy plaza Looks like fee is 4%. I'd rather do instant funds through CC and avoid having to give bank info right now.
Looks like ETH it'll be. I'm going through the ID verification step -- maybe its only for credit card mos. How long does that take?
Should I just hold ETH or transfer to another exchange to buy some altcoins? Willing to risk 1k. |
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Date: January 3rd, 2018 3:26 PM Author: stirring cordovan parlor indirect expression Depends on what you want. While ETH will probably continue to appreciate in the near-mid term, you aren't going to see 100x returns holding just ETH.
Need to hit the shitcoin/ico lottery for that. |
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Date: January 3rd, 2018 3:35 PM Author: Stimulating bossy plaza Any particular shitcoins? How do you distinguish them?
BTW, thanks for all the info. I appreciate it. |
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Date: January 3rd, 2018 3:39 PM Author: stirring cordovan parlor indirect expression You can troll some of the recent xo threads for shitcoin suggestions. The hot ones right now are VEN, ICX, AION, PRL, PFR and a few others. Surprisingly xo is actually pretty good and spotting some of the better shitcoins.
Coins currently not available on the market that XO is bullish on are Zilliqa, Cosmos, Tezos and a couple of others.
Good luck and DYOR |
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Date: January 3rd, 2018 3:45 PM Author: sepia soggy place of business office at this point he can only buy 1 ETH...I'd gamble all 1000 in shitcoins (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072839) |
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Date: January 3rd, 2018 3:38 PM Author: Chrome Razzmatazz National Giraffe 1k is what I put in yesterday night. Almost up 300 in less than 24 hours. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072747) |
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Date: January 3rd, 2018 3:45 PM Author: sepia soggy place of business office which shit coins (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072838) |
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Date: January 3rd, 2018 3:49 PM Author: Chrome Razzmatazz National Giraffe XRP REQ XLM ADA VEN are good ones. Also in TRON and LINK. (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072877) |
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Date: January 3rd, 2018 3:50 PM Author: sepia soggy place of business office nice, I am in most of those..still worth buying more XRP and ADA now or too late? (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072887) |
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Date: January 3rd, 2018 3:08 PM Author: stirring cordovan parlor indirect expression Dont worry too much about the price of BTC since you can trade fractions of it.
Between BTC and ETH you can exchange those for anything |
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Date: January 3rd, 2018 3:50 PM Author: brass cerebral area gunner better to use BTC or ETH as your reserve currency for trading shitcoins? (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35072886) |
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Date: January 3rd, 2018 4:46 PM Author: Autistic Slippery Therapy there are more trading pairs and generally more liquidity for BTC. however, fees are abominable transferring BTC into and out of exchanges. if you're only trading on e.g. binance, BTC is the way to go (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35073400) |
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Date: January 3rd, 2018 4:47 PM Author: Bright Immigrant Buy ETH and get into a promising ICO (http://www.autoadmit.com/thread.php?thread_id=3848269&forum_id=7#35073406) |