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Turns out my bank account had put a block on my card because Uphold and Coinbase had requested to verify my payment details, and they thought they sounded dodgy. Just had to admit I was buying cryptocurrency to a bemused Scottish lady so that (((they))) would let me spend my own money again. What happened to my fucking anonymity lads? I thought that was the point of crypto? I've never had to submit so many identity documents in my life.
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>>2023068 (OP)
Can anyone explain how bitcoin really works? I know next to nothing about it
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>>2023330
I've finally got a payment on Bittylicious to work now, it's not the best rate out there but I've been trying for weeks to make bank transfers from GBP so it'll do, only wanted to buy £150 more anyway, then I'm holding for a few years.
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>>2023068 (OP)
Lads I withdrew some BTC from yobit exchange and it's been 48hours with no confirmations. I can view the transaction in the blockchain but it's just staying unconfirmed. Should i wait it out? Or message yobit support? Kinda need the money desu
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So this can't keep up forever right? When is this puppy gonna cap? I've heard some rumors about it testing 2K but with summer coming up I'm not so sure. Don't wanna be left with my dick in my hand.
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Ok so I bought $1000 etherium today. But when I downloaded Etherium-Wallet it let me set up a sale and then nothing happened. It just says waiting for payment to go through. It's been a day now. I'm kind of worried that I got scammed out of my money. Left it running today.
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>>2023068 (OP)
Whats the best exchange for trading bitcoin with alt coins?
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File: IMG_1778.png (333 KB, 344x584)
Best multicoin wallet? Browser, hardware, software, etc
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>>2023500
>where to buy
Poswallet.com or Yobit
>what is stacking?
It's another word for staking. By holding your pos (proof of stake) coins in their online wallet, you generate (stake) more coins like you would with mining, only it can be done without a rig or even a personal computer.
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>>2023500
poswallet.com
Surely you mean staked. Staked coins are the coins you've gained in the process of staking. Staking happens when your coins take part in creating a new block on the blockchain, which grants you some (tiny) coin rewards (1% of your total money per year in POSW's case I think).
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>>2023068 (OP)
Why are we all caged up like animals in one thread when we have the whole board, sorry I'm just not falling for this one. /BIZ/ IS THE GENERAL
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>>2023764
I got fed up with the board being overtaken by slow-moving threads which were 90% crypto, thought it might be nice to have some quicker-moving discussion and also contained in one thread so that /biz/ could actually talk about normie investments too.
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How much do normie traders/finance people know about cryptocurrency? Is it seems like, if a bunch of NEETs can be profiting from it, so too can serious traders and I'd be very surprised if there weren't people with realtively huge amounts of money already invested who will become incredibly wealthy in the next few years. If I went down to Canary Wharf and started asking people about how much ETH or XRP they have invested, will they know what I'm on about?
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>>2023068 (OP)
Why are there so many different (seemingly, based on /biz/ board?) cryptos?
Doesn't the creation of another of the same principle theory, outside of bitcoin original, take the away the usable value from bitcoin, and if any other crypto can just be created, doesn't this lend itself to being like a Ponzi scheme?
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>>2023068 (OP)
Can I please go back in time. Even just to last Christmas. I'd buy $50,000 worth of ETH and sell it today and never come to this god forsaken thai mechanical farm equipment bartering site every again
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>>2023068 (OP)
is ETH just vaporware?
>inb4 autistic slav
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File: 1492783106001.png (230 KB, 450x450)
>Kraken.com
>Processing fee for paper copies of communications: $60/page
wtf
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>>2023068 (OP)
Former XMR miner here, haven't been into crypto in years and want to get started again. How do?
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So is there a time of day these coins are traded at? or is it 24/7?
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>>2023312
the network consists of bitcoin nodes. nodes each run exactly the same software and collectively form the bitcoin network. this software tracks and independently verifies transaction validity. the nodes send data, transactions and state updates (in the form of blocks provided by miners who get compensation in return) among them. all open source
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>>2023068 (OP)
Hey guys i've been in BLOCK for a while and it's been incredibly rewarding so far. For those who are don't know what it is, BLOCK is a true DEX with xBridge technology.
It's currently at it's bottom price right now, have a look for yourself because I don't think it's getting any cheaper that 100k sats.
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Is there an official /biz/ guide for nocoiners to get into crypto?
Like the kind of thing that Should be on the sticky so I don't have to ask?
/fit/ has guides to getting fit
/o/ has guides to purchasing and maintaining cars
Shit even /fa/ has guides for dressing like a presentable human being
This board's fucking sticky just shills advertising space how do I into coin
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anyone successfully transfered ETH from Kraken to Bittrex?
It warned me to send only small amounts like 0.1 ETH to check if everything's going alright
Sent 0.1 ETH and nothing happened except Kraken's saying "Sent!" and my Bittrex being empty
it's been 24 hours now
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>>2023667
i would't get into litecoin for the long term. short term it might be very profitable if you can get it at a nice price.
the reason is the development has been very stale except for segwit and csv getting aproved.
it is basicly a test coin for bitcoin
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>>2026625
Ltc is a shitcoin and will not do anything even when memewit is activated. Memewit is merely usless tinkering to improve the blocksize of BTC and doesnt have any useful benefit in ltc.
Dump your ltc and buy waves. Get on the waves missile its going to hit the moon so hard it will penetrate the lunar surface and end up lodged right in the core.
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>>2026635
Not really. That will take several years. People where i work are still asking me how my "britcoins" are doing instead of "bitcoins".
It will take many layers of abstraction before normies will be able to use crypto.
And anyway i don't think the value will fall when it becomes mainstream. If everyones using crypto the value will be much much higher.
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File: part3.png (281 KB, 863x648)
1. Don't over trade. 20 or 30 trades per month is good enough because you don't want to lose money to slippage and commissions. It is the novice traders that over trade.
2. Think above the bad traders (the masses of unskilled traders) . They try to make money, you make your move before they make a move. This is level 2 thinking. It's meta game and you better get good at it.
3. Practice risk management. You need money to be in the game, thus you should never go broke. Never spend more than 2 percent of your bankroll per trade.
4. Accumulate coins like a hooked nose merchant, and then sell when there is a rally. When the price of the coin is going side way, it's time to accumulate.
5. When people are fearful, you should be greedy. This means buying during the dip. Be sure there is sufficient trading volume in the coin. Then sell when it's high. People panic sell because they cannot control their weak penis.
6. Buy the rumor, sell the news. The lazy traders don't know about it until it hits the news, thus you got your bag of over priced coins to sell them.
7. Trading is a skill set that will make you money for life, since you can trade in any market. Thus you should always learn, trade and never give up. Piles of money, hookers and fast cars await those with the discipline and smarts to become an elite trader.
8. Never trust a fucking kike (((jew)))
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How am I doing thus far?
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Hey /biz/, first time poster here. I'm a CPA but I have no crypto experience at all.
What have you guys found useful in determining the value of cryptocurrencies at the inception of that currency? Do you have any metrics or heuristics that help determine whether it will stick around or be relegated to the trash heap of Coinye West & Doge? Or is it literally just "lmao buy this currency bro i swer 2 god is gonna moon lmao"?
Serious question.
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>>2026757
* The development team. Look them up on LinkedIn if you can
* In the case of Bitcoin, I read through the technical whitepaper. I'm a programmer though, might not be so easy for others.
* Youtube explanations
* The market cap. Of course, the earlier you get in, the more profit you can potentially make, but it's hard for a shitcoin to make it into the billions as Bitcoin and Ethereum have.
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>>2026780
Thanks man, helpful stuff.
Any thoughts on the adoption of public blockchains in business in the future? Do you see for example a large company hedging a transaction or entering into futures using the ETH chain?
If this seems unlikely to you, then do you think that the value of cryptos can actually hold long term? A lot of the value of them seems like speculative get-rich-quick shit.
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It begins
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>>2023068 (OP)
WARNING STUPID NEWFAGS
These faggots are using you to fuel the false economy of these "coins"
>You buy in, you can make 10000%!!
You buy in you buy into a scam
Your only chance to make a profit is to convince even stupider newfags to buy in over you.
KYS FOR THINKING ABOUT THIS !!
Post in all coin threads
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Very interested in getting started in crypto, but have some questions.
What exchange site is best for people in US? Was looking at bittrex, I see coin base mentioned a lot though?
Can I just buy eth and use that or do I need to buy bitcoin first and convert it?
Do I need a separate wallet for every alt coin I have?
Can I sell alt coins instantaneously or is there any noticeable delay in transactions?
If I made a sizable amount of money, is there any way to cash out quickly?
Are the coins stored in the exchange site I'm using or how does that work?
I mostly have no idea how this works.
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Whats hardware wallet do you goys recommend? TREZOR looks pretty good, I like the recovery and the fact it doubles as U2F token.
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Brit programmer here, a few people at work are really bigging up ether or something like that but I'm full nocoin and new to/biz/
Are they talking shit or is this going to sky rocket? Should I get into coin shit? I think I've overheard talk of coinbase or something that they're using to buy
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will golem brass be embarking on a moon mission?
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>Bought the ETH dip but wish I put in more
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kinda new to this.
I understand the basic ideas, but I dont get how a cold wallet would function. Storing coins somewhere online seems shady to me. Can anyone please tell me how/where to best store ETH locally? Apart from hardware wallets maybe? Are software wallets for (mostly) offline computers a good option when inteding to hold for 12 months?
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Where's the best place to start when going into crypto
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>>2026944
1. Make an account on Coinbase
2. Yes, you can buy/sell BTC, ETH, or LTC separately on there
3. Depends on what currencies you have
4. Yes, you can sell alt coins instantly
5. Hit the sell button, would advise to take out small amounts over time and holding long term though.
6. They can be but it's better to keep what you're willing to trade on there and the rest in a wallet if you have a significant amount
To your last point, make an account on Coinbase (or another place depending on where you live) and set up your bank account/debit card. It's going to take around a week for them to verify it anyways. You can buy instantly (you'll get locked in at the price you purchased them at) but you won't receive them until you get verified. Some anons do a wire transfer to get them instantly but I've never done that so can't speak on it.
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>>2027817
Depends if you use debit/credit or your bank account. Debit cards have a higher fee and max of $300 purchase but they don't need a week to get verified (iirc). The other is lower fees and a higher purchase amount. Check their website anon.
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Hello /biz/,
Am an 18-year old anon interested in getting started with cryptocurrency. I've been following threads posted on here for a while, but could use some help with the following:
> what is a good trading platform/ what do you use to trade?
> what kind of information allows you to make predictions on whether or not a coin will rise/fall?
> do I need a fuckton of money to get started?
I like the rags to riches idea because university fucks me over with student loans, and am willing to work hard to get money to put into this, but I could do with some help so I can efficiently educate myself on this all.
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>>2027856
1. Depends where you live. Check https://cryptowat.ch to see some options and check which ones are for your country. Just remember, you need BTC or ETH to trade with first. Trading with USD would be a nightmare and in most cases, you can't anyways. Just sign up and get your main coins first.
2. Keep up with the news and follow smarter people than you on social media. Research the currency before you buy in and make sure it's something you actually think will make money. Don't get involved with scammers and beware of the shills. You'll get better at identifying them with more experience. Start with trusted cryptos in the beginning.
3. Definitely not. Obviously, the more money you put in the more money you make, but that doesn't mean you can't make money off of a $100. It'll just be less than if you put $1000 in.
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any german fags here ? what exchange do you use to convert back to FIAT ? kraken coinbase?
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>>2027928
Thanks for that anon! A very helpful post right here, I'll get started with researching a few well-known, trusted coins and getting BTC + a wallet to trade with.
I've always been a bit reluctant about it because the stories on this board sounded too good to be true, especially anthing ETH-related.
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I have a basic newbie question, I have 5k to spend and want to try crypto trading.
Where do I sign up and how does it work (from Europe)?
I have no idea what does anything mean when looking on coinmarketcap graph and in general volume,..
How is market cap, circulating supply, volume connected with each other? Or in general.
Can you buy unlimited amount of any coin? Or is there a cap on 'x' price and then you have to buy 'x' amount of coins for higher price. (Example: Person 'A' sells 10 BTC for 10$, I buy them all. I still want to buy 10 BTC for 10$, but nobody is selling for that price at the moment, can I just leave the bid in? or do I rather buy 10 BTC for 11$ and watch it grow and then sell for small profit?
What about unknown coins that just get hyped and then selled, how do you spot that out? Is it even worth it? Can you buy 'x' amount of unknown coin and then sell that 'x' amount for 10% gain? What's good ROI? How do I calculate it? What apps should I use?
What made you realize in which coins to invest and sell? (Not just talking about the hyped up coins that everybody is hyping up and then go up)?
pic related.
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>>2027951
What I do: Purchase on Coinbase and send some to an exchange to trade alt coins with when they arrive. If it's your first time, it's going to take some time to get verified, but it's a one time inconvenience. Be patient. You can trade with more alt coins with BTC so grab some if that's what you're really going after but don't count out ETH. You can trade that with some alt currencies, just not as many as BTC. Just remember there's a big price difference between the 2. ETH is barely getting started so that's why we're all pumped about far we'll get to the moon with it. I predict a landing desu, unless something catastrophic happens. Patience is the name of this game. Strong hands! Don't panic buy/sell.
>>2027954
It says right on their website it takes a week. If you purchased, then you've already bought them for the price you purchased them at. You just don't have them in your hands to trade yet. Thank your Jew bank for taking so long to get verified.
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>>2028058
That's a good amount to start with. You can always add more later or sell if you hate it. If you want to play it really safe, stick with BTC and ETH (mostly ETH) and sit on it. During the week your Jew bank takes to verify, educate yourself about some alt coins. After the week is up decide on how you want to diversify, if that's what your intention is. There's plenty to choose from. Some are worth long term gains and some are pump and dumps. I'm not big on pump and dumps, but there's still money to made there. Some people like gambling more than I do and have bigger balls.
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>>2028026
Alright, got that noted down. No panic-selling during dips, ETH is still starting up (but from what I know doing extremely well for a cryptocurrency) so there's a possibility to still ride the rocket there. BTC is best used for exchanging all kinds of alt. coins. Thanks again for these helpful tips!
By any chance, do you know any crypto's that could be interesting to research for beginners? I already noted obvious ones like ETH, LTC, XBY and BTC, but if there's any others worth taking a look at for beginners that'd be great to know.
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>>2028165
Start with these sites:
https://m.poloniex.com/#/exchange
https://cryptowat.ch
Not every alt coin is on there (or worth a shit) but it's a decent place to start looking into your options. You can check into some of the other exchanges as well.
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>>2023914
You might have better luck around old street. Lots of fintech companies there, ethereums london office was around shoreditch/oldstreet.
Also plenty of fintech guys are balls deep in bitcoin/eth and other cryptos. So yeah, lots of people in canary wharf know about eth and btc
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>>2028611
I just read a few blog posts from people who clearly know way way way more about this then me. Seems to be consensus that BTC, ETH and XRP will continue to rise, at least in the short term. I know it's risky to put your money into something you clearly don't understand, but the way I look at it is that I know it's a disruptive technology with the potential to be huge in the future, and these are the current market leaders. Stay away from the clear memecoins, buy and hold for a few years, and I'd be very surprised if you lost money.
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>>2028717
What sort of fees did you have to pay? I've been trying for literally weeks and it's been really annoying me, but I think I've just come up with a good way of doing it - buy BTC using Bittylicious and send directly to Gatehub wallet (pretty good exchange rate and no fees for bank transfer), and then convert into XRP on Gatehub (not sure yet what the fee is for that, if any). All the other ways I found of doing it involved transferring it first from EU/USD with quite a few fees involved so I didn't want to do that, although the price has literally tripled since I first decided I wanted to buy some, so I'm a bit of a mug for not just paying the few pounds extra it would have cost. Live and learn.
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>>2028747
Literally exactly what I did, it says that in the very post you quoted. Been asking on 4chan and Reddit (pls no bully) about the best way to buy Ripple in the UK for the last couple of weeks though and no one recommended this.
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>want to buy Bitcoin
>Price keeps going up
FUUUUUUUUUUUUUUUUUUCK BULLSHIT
Been waiting for no Tha now for price to come down. Can't believe I let you guys talk me into not buying when it was $600 or $700
At this point I'll settle for 1k is it ever going to go below 1k again?
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File: Spintarp.gif (1.75 MB, 300x300)
PYRAMID
Y
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So bitcoin is still limited to like 3 transactions per second, worldwide. Is there anything in the works to improve this? If it's ever to be a serious method of payment, it should support at least 1000s of transactions per second, no?
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>>2023068 (OP)
How does the value go up and down?
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I'm a poor undergrad fuck who's tired of the cuckery. Teach me your ways /biz/ - and I promise you I will put as much work and effort in as is required. I have a thousand in the bank from wagecuckery, and another 900 in my wallet from side jobs, with no real experience whatsoever in trading.
I just want a fuckton of money so I can spend my free-time pursuing my interests, mainly writing novellas nobody will ever care to read or acknowledge.
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>>2029804
Follow the youtube series for /biz/ on youtube. Follow here and watch which coins have promise.
A LOT OF SHILLS though, so dont just assume everything is golden when the first 10 posts are all positive.
A lot of these will take a couple of years to pan out, and some will fail entirely. best advice is to spread your investments 20% each into 3 big coins and then 10% each into 4 smaller promising coins.
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Tell me if im retarded or not? I plan on buying bitcoin and eth using coinbase, transerferring it to my JAXX wallet then keeping them for a bit, then when the price is right ill sell... but i have no where to sell them. I cant sell on coinbase because in canadian. Is there any good alternatives i could use?
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What I don't understand are the wallets. So you buy BTC/ETH on an exchange say Bittrex or Coinbase then you transfer them to a wallet because it's more secure and exchanges could be hacked, but there are so many goddamn wallets and then some don't hold all the coins so you need multiple wallets.
So how do you know which ones are safe and not just throwing your coins into someone else's pocket? I got a few coins off of Coinbase but I want to make sure they are extra secure, any recommendations?
Thank you in advance.
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so I just bought some bitcoin on coinbase via my bank account. do I seriously have to wait 6 days for the coins to transfer into my wallet? will they apreciate/depreciate in that time or is it like I did an instant transfer 6 days from now?
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>>2030557
I went on /biz/ for the first time ever today and have zero experience with bitcoin except for what I've read in this thread, and having done so, I know the answer to your question. Because it's been answered at least twice in this very thread.
I really need to start trading this stuff if there are idiots like you ready to dump your money in it without doing any research.
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>>2030518
Coinbase is a wallet. If you have a significant amount that you plan to hold, transfer it to cold storage/paper wallet in case of hacking (that goes for any coin). Then transfer what you're willing to trade into an exchange to trade your BTC/ETH for other cryptos. To your second paragraph, there really isn't any 100% guarantee that it will be secure, just like anything else online. That's why we try to minimize the risk as much as possible. Just like IRL, don't throw all of your eggs in one basket.
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>>2023068 (OP)
CASHED OUT BTC A BIT AGO AFTER 10%~ PROFIT AFTER COINBASED WENT DOWN AND PRICE DIPPED
>but now it's stable
wait for dip or buy back in and see where we go?
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Please help.
I have sent my ETH off an exchange to my supposed ethereum wallet address in mist.
I can see the transaction on etherscan.
Mist tells me that to make a contract I need 0.06 eth, which I don't have because it's fucking floating in the interweb somewhere or what the fuck. Is this the contract to receive my eth?
What am I doing wrong here? How do I get eth in my wallet if I'm trying to receive my eth?
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>>2031197
Maybe it didn't sync correctly, it was down to <100 blocks remaining and is now back up to 3.5 million.
This PC is a piece of shit and takes forever. I just bought a new PC but when I open up mist on it it has a different address, I'm guessing I have to wait for this to sync before I can backup this account and put it on the new one?
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Dude you just sent me $85,000 in BTC? Am I high or is this real? How do I repay you for this? Am I imagining this? You have no clue how you changed my life man. Oh man I'm gonna be investing.
Shit dude you're awesome.
Guys post your BTC's, I'm sharing <3 love all around.
JoFFmiD3 you are a GOD sir <3
I bow to you.
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Who just sent me $85,000 in bitcoin? I am literally shaking from happiness. Guys I'm sharing with everyone. JoFFmiD3 was that you man? Like how do I even thank you, there's not enough thank yous in the world. You couldn't of picked a better dude to send that money to, I'm a good ass guy and am gonna use that money for good. Damn I'm so happy right now.
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Why dont we organize a massive pump and dump of ETH?
We should make an infographic for normies explaining how to open a wallet, send money to an exchange, and buy ETH. Post it all over Memebook, let the normies buy and drive the price higher, then we can all dump for hekktik gains. Then the normies will panic sell because they dont believe in this cryptocurrency bullcrap and we can rebuy the bounce.
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>>2031289
Shit I mean bitcoin. Like holy shit. I never knew 4chan could change my life like this.
JoFFmiD3 you know I love you from the bottom of my heart man. You're literally taken me out of poverty. Man...how can I repay you for this.
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>>2031294
pls share love, I am poorfag college kid trying to organize a fucking pump and dump just to make gains. I only have $300 worth of ETH rn because still waiting for coinbase to transfer from bank account. Dont even need much
13WRQZUB9VKNLgRVyKsumM3nsUEDpCyAds
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Guys I'm a fucking idiot, LOL.... it was $85 I misread that shit on the Electrum thing the way I had it set up. Fuck I'm loling. I literally thought I just got $85,000+ in BTC.
Still JoFFmiD3 that's huge for me and it means a lot, you're a real ass bro. Seriously man thank you, that karma will come back to you man. You have no clue how happy I am. And yes I'll share the $85 with some of the BTC's in this thread too, I love ya all.
<3 JoFFmiD3 <3 you a real one blud
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Can someone help me with the verification process on coinbase. I tried to do the charge verification, and I entered the quantities as they appeared on my charges ($1.58 would be 58).
I also got charged three times instead of two, and one of the amounts is $1.01 whilst the others are higher than that but lower than $1.99.
I tried contacting support, and just got a bot to answer a day later. Since I'm supposed to input the 2 latest quantities, should I do $1.01 and the one before it?
Example:
Pending $1.01 --latest
Pending $1.58
Pending $1.29 -oldest
I read that if a third transaction occurs, the one with $1.00 should be disregarded.
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>>2031358
thanks, i got lucky in real estate mostly. Liking ethereum right now as a way to diversify my investments a bit more. The alt crypto currency stuff is exciting but i feel ethereum is a solid investment at the moment, putting a decent amount into it as a total beginner too the stuff.
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>>2031383
I don't want to re-charge my card, simply because I read other similar threads of people retrying with the correct amounts, and it being read as wrong. I'll try the 1.01 and the previous one, hopefully it works. I'm just doing it once though.
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>>2031425
>>2031425
>>2031425
>Pending $1.01 --latest
>Pending $1.58
>Pending $1.29 -oldest
entered 58
then entered 01
is the order you enter it. old first, new 2nd should have worked :{ if it's locked you out. the 2 floating "pending" transactions in the account will stay there for a while. so you can be sure it's the correct 2. not sure what else to say, havent had this problem before
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When /biz/ posts about "BUY THE DIP" etc.
are they genuinely trying to help us no coiners out?
or are they trying to off load their shit unto us ( effectively us giving them money ) ?
kinda curious because I've spent a long time on 4chan and a lot of boards help each other out but the biz world is doggy dog.
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>>2030915
Yeah I know Coinbase has a wallet but I'd like to move my coins to an exchange to take advantage of other coins and maybe lower my risk a little since centralizing it could be make it a prime target for attack. Eventualy I'd like to move it to cold storage, I'm thinking about getting a Trezor next paycheck.
Right now this is all really new to me, I've bought coins but I haven't moved them yet, and I don't want to fuck up putting in the wrong address
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nocoins here
I presumably need to download the blockchain for BTC if I want to withdraw BTC from an exchange, but do I need the blockchains of every currency I buy? Can't I just convert everything into BTC and send it to my wallet when I want to cash out.
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