can we get a beginners thread going?

>>3112118
Yes please for the love of god I want all of you newfags in your own little general so I don't have to see shit like
>>>3110715

Here's some tips
1. Never buy in a pump that's only taken a few hours
2. Work on your hands. Most stuff will retrace within a few weeks unless it's a flatlining shitcoin

Also if you are going to margin trade I would trade on no more than a 1.5x margin during longs to protect yourself more from getting liquidated during a flash crash

Btfo

>>3112148
I'll be nice and add to this. If some random shitcoin you know nothing about is being shilled on /biz/, and it's already shot up, don't fucking touch it. Fuck, just don't touch any coins you don't know anything about. Don't ever buy into the hype until you've done research.

>>3112118
1. Buy BTC/ETH
2. Hold
3. Ignore all shitcoins shilled on /biz/
4. Profit

File: image_16.jpg (75KB, 960x724px) Image search: [Google]

75KB, 960x724px

Okay, so, how do you actually estimate the potential future value of a cryptocurrency?

>>3112203
This, unironically

You can make bank off shitcoins but it's very similar to going to the casino. Look at posw and dgb holders for example

>>3112203
Also lending these on polo isn't too bad of an idea if you're really gonna do nothing but hold
At current interest rates you'd make about 3.2% a year which is more than even the best bank CD because bitcoin will also probably go up more a lot on average during the next year

>>3112219
At least the casino is actually risking something.

Shitcoin devs print this stuff from thin air, hire a few pajeets to shill it on /biz/ and you mouth breathing retards lap it up because "moon lambo gains!". The whole market is a pathetic fraud.

File: 1499556846385.png (247KB, 500x375px) Image search: [Google]

247KB, 500x375px

>>3112214
1. Does the coin have utility for practical use?
1a. Does that use case involve a specific niche?
1b. Is there a reasonable demand for that niche?

2. How strong is the dev team?
2a. If the dev team is mysterious or looks incompetent, stay away. If they seem involved and professional, give the project a serious look.
2b. Does the team have connections, funding, contracts, or promising ties to big investors?

3. Inspect the website, skim the whitepaper, ponder the logo, and essentially, rate their brand image. Is there a strong marketing angle in what they are selling? Does it seem convincing or does it look phony, suspicious, or just plain lame? Ask yourself if a normie would trust this with their money.

4. Finally, view the roadmap and anticipate future development and announcements. Plan your treatment of the token accordingly. (If there is a rumor, buy it. The more sure success looks, the more you buy. Have your finger on the trigger the day the news comes out.)

>>3112284
Thanks for the reply but i actually meant how prople can go like “this coin is at 50$/coin in three days“
Or is that what the fibonacci tools etc are used for?

>>3112320
Are you underage?

Those statements are made by bagholding shitposters or literally paid shills.

>>3112320
Ok... that's just a joke when people say that. Or they are just grossly exaggerating or just pulling a number straight out of their asshole just to blatantly shill. That's not actually how it works.

Come on, man. Don't be so naive.

>>3112284
>1. Does the coin have utility for practical use?
what are the practical uses for btc?

>>3112284
Tax evasion
Capital flight
Purchasing illicit goods
Protection from inflation
Hedge against traditional markets

>>3112203
How to hold them? Just bought some BTC on kraken. Can I keep them on this site, or should I transfer them to some wallet (pls explain this part in detail, this is where I still have little understanding).

>>3112365
Do you do drugs, or steroids?
Do you need to buy something anonymously, or maybe just avoid the haircut that comes with paypal? Or maybe you just want to accept payment in a currency that can potentially increase in value instead of just a stagnant dollar?

What about just a store of value? Do you need a long term investment vehicle that can be also be stored in secure location while taking up very little space? An asset that is virtually guaranteed to rise exponentially in value because it is inherently deflationary?

>>3112365
>>3112383

Token in freefall what do

File: IMG_0812.jpg (147KB, 1002x898px) Image search: [Google]

147KB, 1002x898px

1. Buy coins that aren't obvious pajeet garbage
2. Hodl
3. Profit

>>3112386

Disinflationary*

>>3112393
If the loss is 10-15%, consider selling, if you anticipate that the crash could be severe.

If you have exceeded 15-20% losses, wait for the crash to find the floor and go sideways. When you reach it, buy more. This brings down your average so that you can break even sooner, or even profit on the next pump, if you are patient enough.

If you think you've missed the train and think it won't get lower. IT WILL.

>>3112118
No fuck off, use google.

File: qIPIPX7F.jpg (18KB, 256x256px) Image search: [Google]

18KB, 256x256px

>>3112118
Here is real advice anon if you want to have a better edge in making money.

Go to any website that shows when ICOs are going to go on sale, tokenmarket etc.

See how much hype is around their coin in their slack/telegram/etc.

Be a first buyer, make sure you get a piece of the ICO, equal distribution is becoming popular now where you have to register. These ICOs should be given more weight as you can buy a share. Beware, whales will do sybil attacks but they do help prevent mass accumulation of coins.

Fuck the moon nonsense, get out at 20-100% gains. You come in with 10 ETH, you leave with 12-20, then find another ICO, or multiple ICOs.

That is it anon, simple as shit.

>>3112118

How does a wallet work?

>>3112384
1. Go to bitaddress.org
2. Create a paper wallet
3. Print, store in multiple secure locations
4. Send your bitcoins to the address
5. Come back in 10 years and be rich

>>3112284
What does a roadmap/whitepaper entail and what do you mean have you finger on the trigger?

>>3112334
No english isnt my first language so im not really eloquentand im phoneposting. I thought maybe you could use fibonacci sequence tools to estimate where the price is headed in near future. It made sense to me but in hindsight yeah it was probably naive.

>>3112471

As much as people would like to believe, TA does not apply to the crypto-trading world. Don't waste your time with trying to learn. Do your due diligence and read whitepapers and research the devs behind the coins that interest you.

>>3112422
Thanks. So I should just wait? Bought at 2.68 USD now considering to sell at 1.60.

>>3112442
>3. Print, store in multiple secure locations
>4. Send your bitcoins to the address
how do you send it to a paper address?
do you have to print it again each time you deposit coins?

>>3112454
A whitepaper is essentially a manifesto or mission statement, a sort of core document that lays out a detailed description of how the coin and platform work, what sort of technology it is based on, and how the devs envision that the system will function for its users.

A roadmap is an outline of how the team intends to progess with the project. There should be a rough timeframe, along with goals to be achieved or developments to be made by X date. Sometimes these can be just empty promises. However, there can occasionally be impressive claims or key events that can potentially give you an edge on people who do not do their homework (if they deliver on their promises.)

By "to have your finger on the trigger" I mean be prepared to sell at a key moment. When "the news comes out" and a buying frenzy ensues, you will reach a point where the price will skyrocket. Be ready to sell into this buying frenzy. But be warned: do not sell too early. That dip may signify the next leg up. Be wary, but not too greedy. Always remember, "buy the rumor, sell the news!"

What platform is best for trading coins?
Yuropean here.
I've looked into a couple but most were US only, plus500 is run by jews so that's off the list.

>>3112527
Paper address is just am address (to which u have access)
Send coins to that address same way you would send to anything else.

If you don't understand this then go watch some bitcoin tutorials because you don't seem to understand the basics.
Which is ok, just too much to explain on a 4chan post.

There is also a video in bitcoinpaperwallet.com

>>3112551
b8wang

>>3112503
That's a really big loss.

I would honestly just use the dollar cost averaging strategy at this point.

I have literally never sold a bag for more than a 15% loss. My longest hold was six months but I always at least got my money back. And sometimes, by accepting a 10% loss, I could avoid an even bigger loss if I had held through it.

Sometimes you just have to be patient.

>>3112551
Kraken for buying btc. Send to bittrex to trade for shitcoins

>>3112539
Thanks, that's what I thought it meant for the most part but you elaborated on it with much more clarity.

A few more question if you don't mind; Where do you trade currencies? bittrex/liqui
Also what are ICO's

>>3112644
I use Coinbase and Bittrex, mostly.

ICO = initial coin offering. It's comparable to closed door startups on certain stocks, where big investors get to show up early and buy in dirt cheap. Sometimes it's exclusive, you may have to register, and there is usually a time limit, population limit, or both. Needless to say, make sure a project seems trustworthy and promising before you buy into an ICO.

Is BTC really crashing because of the possible upcoming tether scandal?

What is a pajeetcoin?

ALL THESE NEWFAGS REEEEEEEEE

>>3112118
When BTC falls, the overwhelming majority Altcoins will fall along with it.

High risk, big reward (If you haven't diversified)

>>3112183
Listen to this man.
When I was new to crypto, I got stuck bagholding xdn due to a hype thread. Classic beginner mistake -- you should not just chase pumps. It's okay to get in on a pump if you know why it's happening and you know the value of the coin. If you have no idea what it does or why it's pumping then it's better not to risk falling for a PnD.

Good coins -- those with good development teams, technology, and lack of competition who is doing the same thing but better -- keep going up in value in bull markets like the one we're in now. Hold them and you will see green. I bought Ark near the all-time high and I was down for a couple of months; now it's up.

File: usdtmarine.jpg (444KB, 1420x1420px) Image search: [Google]

444KB, 1420x1420px

>>3112773
Maybe, maybe not.

If you are starting to sweat, it may be a good time to get out. I could be wrong, but BTC seems to be teetering. On the other hand, ETH has good news coming up soon... but will that allow it to decouple?

Anyway, I would not be holding USDT now, regardless.

>>3112252
You have a point, but they did spend time and energy on the creation of their coins. It's not like they sat back and the coins made themselves.

Actually surprise me that no one has written a sticky for this board yet. You could even shill your shitcoin a little.

File: 1969029663b218b64367d832822d402b76e70d81.jpg (66KB, 720x960px) Image search: [Google]

66KB, 720x960px

>>3112118

SHOULD I BUY BTC/ETH NOW? OR WAIT FOR AN IMPENDING 'CRASH' THAT MIGHT NEVER COME AAAAAAAAAAAA

Is there some sort of exchange everyone uses to buy and sell the major coins? Is there any sort of beginners guide for buying/selling crypto in general

>>3112814
Any coins whose value is independent-ish of BTC?
Looking for a haven. Have a coin in mind but it could be a very risky move.

>>3112761
What kind of trading do you do mostly?

If I'm looking at starting out do I want to put money into bigger currencies, smaller ones with potential for growth or, a 60/40(or other %) split?

Do you ever foresee a currency/investment that you buy into that you wouldn't want to sell if you forecast exponential growth? Or in that case would you sell a certain % an put in another place?

Do you make most of you money from effective and intelligent trading or by dumping into BTC and waiting?

quick question: is there any notification before bittrex/kraken starts trading a new coin? how do you access that information as early as possible?

Also, where do people get their news for upcoming ICOs or just crypto-news in general?

File: 23944610b776b585b3659c67daa82aeff318428f78d351da201f6eaf1c17736a.jpg (150KB, 551x451px) Image search: [Google]

150KB, 551x451px

Bumping a useful and informational thread.

File: 1497365729933.jpg (127KB, 800x1000px) Image search: [Google]

127KB, 800x1000px

Only hold BTC long term ( >year).
Use 30-50% of your money to buy 1-2 shitcoins for a month or two at most.
If it dips over 10-20%(based on how much you trust it) sell it and rebuy later or take losses and invest into something else.

>>3112852
No coin is truly independent of BTC. That said, the best hedge for weathering the BTC storms, is unironically litecoin. Take a look at the history of the coin, and you will see a very stable price which, at most, fluctuates a couple of bucks in the short term, and trends steadily upwards in the longterm.

ETH is also pretty decent for entering and exiting positions, even when BTC is dangerously close to falling, and has shown some sign of decoupling, recently.

File: 124132.jpg (20KB, 578x262px) Image search: [Google]

20KB, 578x262px

is it normal that coinbase charges 1$ for any transaction like pic related?
thats some massive jew fee


>>3112840
can you provide sauce for your pic?

>>3112880
then what ration would you say to go to hold on btc/eth/ltc longterm?

2:1:1 ? or 2:0.5:1 ?

>>3112880
Thought so. Thank you, man.

>>3112864
kraken has so few coins that they'll inform you of new additions by email

dunno about bittrex

>>3112118
Intermediate trader here. How do I margin trade/loan bitcoins? what exchanges let me do that the best?
Where do I get programs for looping stop limits? I need 2 stop limits that buy and sell every time the chosen currency hits a price.
In your experience with free electricity/your own generators. What kind of ASIC/specialized mining machine would be useful?
Is HDD mining profitable? what other PC component or ways are there to "mine" cryptocurrency? Geo coin has some sort of geo cache/ digital treasure hunt like playing pokemon go, is it worth it?

I'm not experienced with ICOs in the least. And neither reading the white paper and realizing what am I looking at. I only know the bare basics.
Answer just 1 question in depth per post.

File: 114243242432.png (1MB, 753x898px) Image search: [Google]

1MB, 753x898px

What is the easiest way to cash out?

>>3112861
1. I mostly just buy and hold. Sometimes I day trade if I have spare time, but I have a fulltime job and do not often sleep with money in shitcoins.

2. Remember that you are not actually concerned with dollar value, only with percentages. It does not matter whether a coin increases by 1$, or 10$, or even 100$. All that matters is percentage and how much it multiplies your position (IE, you buy more of cheaper coins).

3. Yes. There are some coins I hold that I have no intention of selling until late this year, or even next year. Others, I plan on selling tomorrow.

4. I'll be honest, I sold BTC at 4k, after buying in Mid July at sub 2k prices. I was content, and came away with my profits and expected a big retrace to buy back in. It didn't happen. Since then, I have been following this insane peak with anxiety and trepidation. I have not touched BTC since then and have my funds hedged just in case.

>>3112845
lots of youtube vids for that entry its not as hard as youd think

most common beginner mistakes I read of are people forgetting passwords, or sending coins to the wrong address. Just make sure you double check before you send stuff and try not to be naive and fall for shoddily shilled shitcoins like sigt or dgb. Most people use Bittrex, Poloniex used to be more popular but I cant recommend them.

>>3112907
50/35/15%

LTC is really only useful if BTC implodes; atomic swaps are a meme when BTC are divisible to the mBTC and tx fees are lowered with segwit/schnorr/2MB. ETH is cheap enough that if it makes it big, you'll see similar profits to BTC, but it's not going over ~750 without "flippening". Its potential is mostly to double over the next 1-2 years.

BTC is going to be the first to touch 10k if SW2x doesn't set everyone back for 2 years.

>>3112934
move btc to coinbase, sell to usd or eur or whatever, send that to your bank account. that's what I do at least, maybe there's an easier or better way, but it works.

>>3112973
isnt LTC useful to use as fiat currency on bittrex instead of btc, so theres no need to wait for the btc long times to be transferred over?

>>3112962

what do you use?

>>3113001
I guess, although if you're a burger like me, taxation occurs on every altcoin swap so it's not very worthwhile. I'd only do it with the coins I never plan on turning into fiat.

>>3113001
LTC is certainly much faster to transfer than BTC. But then again, what isn't?

That said, once you are trading on the exchange itself, it doesn't matter what coins you are using. No coins are actually moved until you withdraw, or deposit. They just show you numbers until then.

>>3113025
what you're saying is you transfer btc to exchange only once and dont remove them until youre cashing out months/years later?

can you confirm this nonsense with coinbase?
>>3112890

>>3112814
in your opinion will the crash of btc also affect bch and if so how will it react?

>>3112242
But to do this you have to risk your funds being on polo

>>3112118
Watch all crypto beak's videos. Very educational. I turned $500 into $2k from his vids

https://www.youtube.com/edit?o=U&video_id=32Z935Cziio

>>3113036
What I am trying to say is that when you trading coin X and coin Y on the exchange, the transfer times of neither will affect the transaction. Because there is no actual real transaction. It is entirely simulated. Only sending coins to the on-exchange wallet, or sending them way, actually moves anything.

As far as coinbase goes, they charge high fees for credit and debit transactions, and the limits are strict, but you get your funds immediately. Alternatively, you can do direct transfer from your bank account. Much lower fees, and higher limits, but it takes an entire week to get your coins. Later, once you start selling, you can use the funds in your USD or other national currency wallet to instantly buy at very low fees with your pool of profits.

>>3113044
This is actually really tricky and IMO nobody knows RN. It seems to me that BCC will go up, while BTC will go down. The problem is that BTC usually takes everything else down with it. So I am pretty uncertain where things are headed, but it seems to me that BTC has lots of room to fall, while BCC has room to grow...

>>3113044
BCH seems like it's being manipulated in order to court miners (only at this price is the mining profitability difference 0%, and it's peaked @ 500), and it only seems to have jumped due to rumors about Ver going all-in and SW2x FUD. In terms of how it will react, it depends on how fast BCH's difficulty adjustments occur, but without support of a major US exchange, it's unlikely it'll see huge amounts of user adoption.

BTC tanking means I'm either going to be taint deep in ETH or fiat. LTC is also something people are interested in today since it jumped 5%, but its cap is around $75-$85 unless SW2x completely wrecks crypto.

>>3113003
I use bittrex, once you figure that site out then you can start trying out different altcoin wallets for if you want to withdraw them, some coins you wont get staking dividends from if you keep them on the exchange. There are other shitcoin exchanges but they are mostly memes at this point.

File: chart5.png (86KB, 1164x490px) Image search: [Google]

86KB, 1164x490px

>>3113044

>>3113113
im sorry im pretty new. If ive understood correctly this should indicate a rise?

>>3113096
>they charge high fees for credit and debit transactions,
shit , i just wanted to DCA with a tiny sum on a weekly basis automatically. but like this i spend a fortune on deposit fees...

>>3113112

Thanks bud, i'll start with bittrex

>>3113113
why did you pick the most irrelevant market to chart on, and on a 15 minute chart...?

>>3112779
macabre infomoercial

>>3113244
You can trade for BTC or USDT if you want instead, but it's really not a big difference most of the time, unless you have an arbitrage opportunity.

Because I wanted to see 15m candles. What are you using?

>>3112907
3-4 ETH for each BTC and avoid all other coins

File: wojak-mask.jpg (94KB, 601x508px) Image search: [Google]

94KB, 601x508px

>>3112991
>sell to usd or eur or whatever, send that to your bank account
tfw you live in australia and it doesn't let you do that

Noob here. Bought omg on bittrex. Everyone says you shouldn't keep coins in the marketplace. So, should I get a wallet for them and transfer immediately after the transaction? Which would you recommend and is it really necessary?

What BTC problems did BCC solve?
Did the increased block size decrease transaction time?

Posted this in a BTC thread but

>coinbase still hasn't verified bank account after a week
Any good place to buy crypto with fiat that isn't localbitcoin?

Which site should i use? How's kraken?

>>3112386
>>3112284
Just one question from me.

Why the fuck didn't you tell me all this when bitcoin was 1% of what it's worth now?

Shame on you anon.

I wrote up a very basic beginner's guide for some anons a week ago

should I post it

>>3114087
yas

whats the diff between bitcoin, cash and core?

File: 1502661381419.jpg (75KB, 700x492px) Image search: [Google]

75KB, 700x492px

>>3112118
https://www.cryptocompare.com/wallets/guides/how-to-make-a-bitcoin-offline-transaction/

FUCKING LOOK TO THIS BOIS

>>3112320
More detailed answer:
People are too sure of themselves and their judgment. People are fallible, biased, and self-centered. And all investors are people.
Look how many people holding a ton of DGB post daily about how it's coming back one day. And equally, look how many who don't hold it tell them they are delusional.

In reality we are all just making our best guess and putting our money where our mouth is. Some people take it a step further and try to shill the coin on 4chan, reddit, twitter, etc. But I honestly believe that very few people are consciously shilling to try and pump their coin, and a majority of people are just trying to argue their side.

Think of it like Christianity. Almost no one is out there "shilling" Christianity to try and dupe people. They advocate for Christianity and try to convert people because they think "This shit is real, and everyone is going to get left behind on judgment day or burn in hell for eternity, I have to make them see..."

Fellow noob so take this with a grain of salt. There are also people deliberately shilling and pumping coins so just watch out and question everything you see here. Learn to read whitepapers and get a basic understanding of Github, branding, and marketing. Learn what is a useful blockchain product and what isn't. These things are what I'm working on now.

>>3113635
Kraken is great if you live in EU and use €. EUR deposits/withdrawals takes 1 bank day to confirm. Then you buy btc or eth and just transfer to another site, kraken sucks for trading.

Can i use bitcoin if i'm under 18? xD

>>3114292
I live in EU and use EUR. What site would be good for trading then? I'd like one full of shitcoins aswell, even tho that might sound dumb. Coinbase doesn't have them. I was thinking about bittrex but it seems complicated, i'll have to study

>>3114087
>>3114103
Part 1

So, before you get into Crypto you're going to want to know that it's like the wild wild west of investing. The vast majority of the market is driven by speculation and promises of software delivery, as opposed to actual product, so you should anticipate violent fluctuations in your portfolio on a daily basis.

Here are your initial steps:

1. Create an account on Coinbase.com
2. Create an account on Bittrex.com
3. Download the smartphone app "Blockfolio"

Once you have these things done, look online for a bitcoin wallet. A wallet is software that stores your cryptocurrency values, i.e. where all your investments are going to be stored. For bitcoin, I prefer using electrum- it's simple and intuitive. So download electrum; installation should be pretty straightforward. Save your password (and your other wallet passwords) on physical pieces of paper OR you can use a software called Keepass, which is pretty useful when you have multiple wallets with long passwords.

Once you have your BTC wallet set up, you're going to want to go to Coinbase and buy Bitcoin with a credit/debit card. You'll have to establish your card as a method of payment first, pretty straightforward. Once you have BTC in your account (your bank might throw a fit first, because to them using your funds to a cryptocurrency trading site is sketchy), send the BTC you have to your electrum wallet. The address you send to is the long string of characters you see in Electrum under "Receive" tab. Make ABSOLUTELY SURE that the address is correct, or else that BTC is gone. Once the BTC is deposited into your electrum wallet, go to your bittrex account -> wallets -> click on the + sign for Bitcoin, copy the address for that wallet (another long random collection of characters), go to Electrum -> send to that address you see on Bittrex

What does "WE" mean in thread titles on /biz/?

Part 2

The more interesting part about all this is picking what coins you want to invest in. In the cryptocurrency space, there are two types of coins: mainstream, stable coins (BTC, ETH, LTC) or smaller, riskier coins known as alt coins that have higher potential returns. When constructing their portfolio, a lot of people like to go 50% stable coins, 50% alt coins. I personally went 100% alts because my portfolio money is money I would have used gambling, but I quit gambling after a particularly bad run in Vegas earlier this year.

Investing in stable coins is pretty straightforward. I would consider picking ETH as your stable coin, because of it's massive growth this year- it indicates that it'll be over $1000 in 1-2 years, which is a nice and steady 2-3x return on your investment. Investing in altcoins, however, is far more interesting. My general guide for picking alts is browsing the /biz/ catalog and seeing what's shilled, then going to the website for each alt coin and reading their whitepaper/what their coin does and what it plans to do. I then go to reddit and find the subreddit for that coin and read the general information posts they have on the coins there, then I check twitter for tweets on that particular coin, and finally I look up youtube videos for each coin. /biz/ is about 50/50 on shilling good coins; NEO, OMG, ARK, IOT, XMR have all been excellent buys. But for each good buy /biz/ shills there are also slightly bad buys (BNT, CFI, RDD, XVG, DGB) and also some absolutely awful buys (MYST, KIDSCOIN). It all comes down to your own research and very carefully picking the right coins.

>>3114355
what do you think of coinomi vs blockfolio?

also whats the point of electrum if you already have coinbase?

Part 3

Once you know what you want your portfolio to look like, go to Bittrex, go to the BTC markets, enter the symbols for the coins you want to buy and open a buy order. This process should be fairly intuitive but if you're having difficulty google a couple youtube tutorials for buying on Bittrex. Once your buy orders have filled, make sure to download wallet software for each coin you purchased and move your coins from Bittrex to the wallets; DO NOT LEAVE THEM ON BITTREX because on Bittrex your coins are only listed as IOUs instead of coins you actually own and you will not have actual ownership of said coins until they are securely in their respective wallets. Once your coins are in your wallets, check out blockfolio and add the coins + quantity so you can track their price over time. Good luck!

>>3114320
You cant use this site if youre under 18 xD (ecks dee)

>>3114390
Haven't tried coinomi, blockfolio was good enough for me

I wrote that part assuming you want to keep half of your bitcoin purchase as an investment. If you want to save bitcoin as part of your portfolio, you must keep it in a local wallet and not a trading website

>>3114433
can i not keep my btc in coinbase as part of my long term investment and let it rot there?

>>3114464
yes, but it's riskier since their security is dependent on the exchange rather than on you

if the exchange were to say, violate a US financial law and be shut down, you'll lose your shit

can someone please post the green wojak with the long tongue?

>>3114478
yeah thats the difference between having a wallet that keeps money for you or one that you own locally.

in that case, whats the point of subscribing to coinbase? just do electrum no?

>>3114478
Also ALL newbies MUST read this

https://en.wikipedia.org/wiki/Mt._Gox

This will 100% convince you that you need to keep anything you care about in your own wallet. Be your own bank and all that

beginner here, so do you just buy Bitcoin and just wait until crash happens...

what does one do during the crash

>>3114521
you need an exchange to buy the bitcoins in the first place

if you go to a marketplace to buy gold ingots, you're going to take them back home and put them in your safe. you're not going to ask the merchant to hang on to them for you. but your safe by itself will not give you any ingots

>/biz/ shills BNB
>it goes up
>/biz/ shills 0x
>it goes up
>/biz/ shills STX
>it goes up

im a complete newfag just fucking around with a little $ and ive made $500USD in two days just by sifting through shitposts and larps

>>3114648
>t. future pink wojak

>>3114707
this lol. In this game you gotta think of yourself. We already had a quarter of the board in pink wojaks with NEO falling.

Let me remind you that a year ago /biz was screaming that Ethereum is a russian scam. Today the price is at $300/ ETH

>>3114750
I mean sometimes /biz/ gets it right and it may be a good place to find ermm "esoteric" coins, but at least 80% of posts are garbage.

>>3114750
>think for yourself
I made the transactions fucker. If you only think for yourself and dont listen to any of the discussion on /biz/, then why are you even here?

whats the difference between tokens, assets and coins? please explain with examples

What's a good shitcoin exchange to go to from gdax?

I'll post this again, hope someone can help a fellow newfag. "What site would be good for trading then? I'd like one full of shitcoins aswell, even tho that might sound dumb. Coinbase doesn't have them. I was thinking about bittrex but it seems complicated, i'll have to study"

>>3115259
Bittrex is the best option by far

Shouldn't be hard to figure out

>>3114990
Bittrex

>>3114750
>>3114795
/biz/ is right sometimes. I'd say about 30% of the time. As long as you do your research on the projects /biz/ shills, you'll be fine. Don't ever believe when someone says they're a whale (i.e. rich guy in crypto who can manipulate the price up or down) because they're larping

>>3115259
Bittrex is probably a good bet.
It gives you a bitcoin a an address to which you can withdraw your coins from coinbase and then use them to trade. Shouldn't be too hard.

>>3114624
Accumulate more of the coins you're holding, unless the project has nothing in the pipeline and the devs aren't active

Never sell at a loss in this market, unless the projects you're investing in are dead and or dying

>>3115259
Bittrex has most alt coins. Also look at hitbtc for really new coins. IOTA is only on bitfinex if you want some of that.

>>3114369
There's an ongoing meme in /biz/ that goes along the lines of "WE ARE THE *x coin* MARINES

It's essentially an emotional support group for people who went balls deep on a project and are suffering significant losses, with the main point of convincing such holders not to sell their coins

>>3114400
>Keep everything offline
Aren't there fees for adding/withdrawing money at exchanges?

>>3112890
singaporefag?

>>3115259
No one answered because you're being lazy. It depends on the coin. You can find most exchanges listed under the markets tab on the coinmarketcap page for a coin.

You don't really need to pick one exchange, it costs very little to move eth around. If you're using btc, well, sorry but you gotta pay a bit for a transaction.

>>3115366
You should do what he's saying if you have a lot invested in which case fees are very small.
If you are a poorfag to semi-poorfag then keeping coins on exchanges is okay.

Why do people complain about fees when they are literally less than 1%

How is Bitcoin Cash different from regular Bitcoin?

>>3115404
Whale roleplayers.

>>3115302
>>3115305
>>3115324
>>3115386
Thanks a lot guys, i'll look into bittrex more then.

>>3113056
>linking to yourself in third person

>>3115404
Fees on exchanges? Because it adds up if you trade a lot.

>>3115422
No SegWit and a higher blocksize limit. It's a different way of improving scalability. Which one is the better is the debate which has been going on for years now, so it obviously doesn't have an easy answer.

what are some of the best wallets to use? I am using coinbase currently (literally just started to look into cryptocurrencies 1 day ago)

File: Noobbbbb12456.png (704KB, 1080x1920px) Image search: [Google]

704KB, 1080x1920px

Okay, how noobish is my take on the current market:
Blue highlight = currencies pulling back, might correct more.
Red = total FOMO buy, resist urge (Binance coin is too prob)
Yellow = currently good to buy low to sell high later (good coins to hold for 3 months)

All I hold currently is 3 LTC fml

>>3116118
A good online wallet
1JQMGfMPsFbbn5rd8SYZkZpKt62ZgfyUob

Just send any BTC you want to safely store there

File: DBqOsWnWAAA8CuX.jpg (26KB, 500x322px) Image search: [Google]

26KB, 500x322px

>>3112137

>btc to bittrex still pending
HURRY UP

How can i buy BTC with PAYPAL with low taxes?

>>3115622
But is Bitcoin Cash worth buying?

>>3116476
Don't take this as financial advice, as it's just my opinion: not at the current price.

There seems to be a pretty solid floor at around 0.06 (BTC/BCC), and I think it could be worth holding a small bag picked up at around that price for a long-term hold just in case segwit turns out the be the inferior scaling option. I think BCC is rising right now because it benefits of any bit of uncertainty revolving BTC and right now we're closer than ever to segwit activation, which as we've seen in past events like these (BIP91 lock-in and activation), uncertainty rises the closer we get. Since it's unlikely anything of interest will happen on activation, I think BCC will drop again after it activates.

File: 1502561548732.gif (77KB, 310x266px) Image search: [Google]

77KB, 310x266px

>>3114051
You must be new to 4chan entirely, friend.
Would you:
>believe anything you read on 4chan
>use 4chan to vent your personal frustations anonymously to the world
>ask for advice from 4chan
Oop, thats two out of three on your post - you must need to LURK MOAR or ask questions that have factual answers. 4chan may be a swirling chaos, but the true answe to every question is contained here.
Why didn't anyone tell you Bitcoin was worth so much? Did you ask what it was good for, or were you just looking for a get-rich-quick scheme? Nobody but bagholding whales MAKE money from Bitcoin - but if you had lurked on the /biz/ boards long enough, you would have known it by now. Your wojak is just a cute little confused kirbbyjak compared to some of us.

>t. been on 4chan since 04, been on /biz/ since '15 I'm not the brightest either, but my wojaks are strong

>>3113356
Local Bitcoins, my friend down under!
Since more normies are dipping their toes in the water, why not start a service locally to sell bitcoin to people for cash? You can register your location on Local Bitcoins and post shit on craigslist or whatever local vender pages exist on Facebook. Normies love facebook.
Also, if you wanna get guerilla-strong, photocopy 1000 pages of your "business" contact info and the coins you sell. Just offering this advice, seeing as the goobermint is always gonna take a slice of your cashing out - (You) get to be the one charging fees! DO IT

>>3116306
Shameless self bump

>>3112890
Sends your currency to coinbase, than send that currency to GDAX. GDAX has lower fees, and of course send your Bitcoin, Ethereum and or Litecoin to Bittrex for shitcoin.

>>3114376
you're a great person

File: caca accepted here.png (22KB, 128x128px) Image search: [Google]

22KB, 128x128px

WHAT?!?!?!? BEG THREAD!

SENT ME CACA

>>3116271
u shit

>>3112118

Worst time ever to be a beginner.
I think this is the most complex night in crypto since DAO "hack"

File: 1502215851590.gif (510KB, 400x400px) Image search: [Google]

510KB, 400x400px

>>3118156
y tho

>>3113447
Fucking
>>3113447
This
>>3113447
Someone
>>3113447
Please
>>3113447
Respond

>>3113447
Bitstamp.

>>3119390
Coinbase

>>3119390
quadrigax

File: 1502814211179.jpg (77KB, 640x628px) Image search: [Google]

77KB, 640x628px

NEWFAGS GET OUT

>>3119390
CRYPTSY

MT GOX

>>3114583
yeah you convinced me DL all wallets right now

what is margin trading and how does it work/how do you do it?!?!?

>>3112814
What is USDT???

>>3113105
>SW2x
what the fuck is this??

>>3121610
Imagine you are looking to margin trade dildos. Dildos sell for $10 on the market and your friend has a massive collection of dildos. You think the dildo market price will go down, so you tell your friend to lend you 10 dildos for a day. Since your prediction is that they'll go down, you sell the dildos immediately after your friend lends you them. You now have $100, but you still owe your friend 10 dildos, so you haven't made any money yet. The next day dildos are $9 and your friend wants the dildos back, so you buy 10 dildos for $90. You give the dildos back to your friend and now you're left with an extra $10. This is called going short. Going long would be asking your friend for money to buy dildos, then selling the dildos right before it's time to give the money back to your friend.

In reality, your friend will not only take a fee for lending you dildos, but also have you lock up a certain amount of money to make sure you are able to pay it back if the price of dildos were to go up instead. How much you need to lock up depends on the leverage. A leverage of 1:5 (also written as 5x often) would mean that for every $10 you put up, you will have $50 worth of dildos to trade with. Your friend will also force you to sell the dildos on the market if the price of dildos go up so much that it's looking like you might not have enough money to pay back. This is called forced liquidation and is the last thing you want to see when you're margin trading.

>>3121650
USDT is a cryptocurrency granted by a company called Tether. For every dollar someone gives Tether, they will give you 1 USDT. This makes USDT be more or less pegged to $1 on the market. This is very useful for exchanges that want a way to allow people to sell their coins for fiat but don't want to deal with the legal/banking issues of dealing with actual fiat. It's basically cheating the system.

>>3121768
Segwit2x is the name of a proposal of how to go about solving the scalability issues Bitcoin has. It was proposed as a compromise between a lot of big miners who didn't want segwit and the increasing demands of Bitcoin users who wanted segwit. Simply put, the plan is to activate segwit then create a hard fork later that doubles the maximum allowed block size on the network, which is what the miners want. Segwit will activate in a couple of days and the hard fork should take place sometime in November.

Guys buy zrx, it is on liqui.

It is being used in a fuck ton of huge projects. Augur, district0x, melon, ethfinex.

Ethfinex is opening this month and will literally have hundreds of millions of dollars in volume. Fees paid in zrx.

It's only on liqui, that barrier of entry makes a lot of people wait out of laziness for bittrex. When bittrex adds they buy.

Buy now for literal free money.

I'm on bittrexx right now and I'm trying to trade BTC for BCC. I enter my amount to bid and the convert that to a BCC equivalent, but under "total" the price is not the actual. help

>>3122109

do normies know about 0x yet

>>3122473

Normies barely tolerate BTC anon, we have time to fill our bags and be the new elite by 2020, this is not a drill.

>>3122447
I'm not sure if I'm understanding what you mean correctly, but is your issue that the total doesn't equal units * bid? If so, then that's just the fee.

total = 1.0025 * units * bid

>>3112284
you forgot the most important thing. how are its MEMES

>>3122587
thank you for clarifying

When you pump and dump do you sell everything or usually keep a certain % ?

>>3122733
You sell everything. A P&D is basically just a scam. You fool people into thinking it's the next 10x coin or whatever, then dump everything you have on the gullible people and leave them bagholding a shitcoin forever.

>>3112118
Does mooncoin moon because its called moon coin? If i put 1 dollar in mooncoin can i retire tomorrow?

>>3115385
yeah, any insight for me?