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ultimatebob

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Train said:
go to pro.coinbase.com

there should be instructions somewhere to move your account over. The pro version is faster, has more features, and has much, much cheaper transactions fees
Click to expand...

Wow, that interface looks cool. Reminds me of the Thinkorswim interface for TD Ameritrade.
 
Arcadio

Arcadio

Diamond Member
Jun 5, 2007
5,637
24
81
ultimatebob said:
I even made a separate contest out of it:

So... where will Bitcoin be at the end of 2018?

Since there seem to be a bunch of Bitcoin fans and Bitcoin haters in this forum, I figured that I'd put up this question just to see what comes up. The "winner" at the end of 2018 gets bragging rights, assuming that they posted their response before 2018 starts and they didn't edit it at any...
forums.anandtech.com forums.anandtech.com

I guess that it's too late for a 2021 contest. Bummer.
Click to expand...

I'm still waiting for the Coolcoin I was promised for winning that contest.
 
J

JS80

Lifer
Oct 24, 2005
26,271
7
81
I put 100% of my liquid net worth into Bitcoin in Sep-Nov at an average buy price of ~$13k. I fully expect the price the price to hit $150k this cycle as the institutions are coming with a wall of money, potentially in the trillions. I believe it will eventually overtake gold's market cap of $10T. I am 90/10 BTC/ETH. I don't like ETH but it's a hedge in case I'm wrong.
 
  • Wow
Reactions: manly
ultimatebob

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Grr... right now, Ethereum's fee structure is messed up because of the inflated price. It just cost me $5 worth of Ethereum to send some Coolcoin tokens to Arcadio! That used to cost about 85 cents before.

I guess that I can add Ethereum into the "Good as a store of value, sucks as an actual currency" pile of crypto?
 
J

JS80

Lifer
Oct 24, 2005
26,271
7
81
ultimatebob said:
Grr... right now, Ethereum's fee structure is messed up because of the inflated price. It just cost me $5 worth of Ethereum to send some Coolcoin tokens to Arcadio! That used to cost about 85 cents before.

I guess that I can add Ethereum into the "Good as a store of value, sucks as an actual currency" pile of crypto?
Click to expand...
If you game theory this out into the future, I personally do not think it is good for ETH. High gas prices, and the ETH2 "solution" through PoS which is in theory would drop gas prices to near zero, is why I am long term bearish on it. High gas price is bad for ETH because it's inefficient. Future low gas price on ETH2 is bad for ETH because you won't need as much ETH.
 
brianmanahan

brianmanahan

Lifer
Sep 2, 2006
24,634
6,015
136
guess i should've sold at 40$k lol

though i'm only holding onto this thing in the off chance that it becomes worth millions, so maybe i should just pull a ponyo and keep it till i can retire from it
 
T

Train

Lifer
Jun 22, 2000
13,587
82
91
www.bing.com
BudAshes said:
I think it's less bitcoin going up as it is the dollar rapidly losing value due to massive printing of free money.
Click to expand...
What is the "it" in your scenario?

Because I'm pretty sure no other asset has gained 400% in a year versus the dollar aside from maybe TSLA. The dollar sucks, for sure, but we aren't seeing $200 barrels of oil or USD tanking in FOREX.
 
VirtualLarry

VirtualLarry

No Lifer
Aug 25, 2001
56,587
10,225
126
ultimatebob said:
Grr... right now, Ethereum's fee structure is messed up because of the inflated price. It just cost me $5 worth of Ethereum to send some Coolcoin tokens to@ Arcadio! That used to cost about 85 cents before.

I guess that I can add Ethereum into the "Good as a store of value, sucks as an actual currency" pile of crypto?
Click to expand...
Thank you! (That's how I make MY money, off of ETH transaction fees... at least, in part.)
 
  • Haha
Reactions: Noid
J

JS80

Lifer
Oct 24, 2005
26,271
7
81
Train said:
What is the "it" in your scenario?

Because I'm pretty sure no other asset has gained 400% in a year versus the dollar aside from maybe TSLA. The dollar sucks, for sure, but we aren't seeing $200 barrels of oil or USD tanking in FOREX.
Click to expand...
It's actually both (value of bitcoin going up and the dollar going down from money printing). More and more people are realizing what bitcoin is with regards to its potential as money, and the network effect will make it even more valuable perpetuating the virtuous cycle. I think think it's very early. I do think it has the potential to be $20-50T market cap over 5-10 years, which would give it $1-2 million in USD.
 
M

manly

Lifer
Jan 25, 2000
13,316
4,092
136
Don't be this guy. ;)

it.slashdot.org

Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes - Slashdot

Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. From a report: The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital...
it.slashdot.org
 
  • Wow
Reactions: Elfear and brianmanahan
T

Train

Lifer
Jun 22, 2000
13,587
82
91
www.bing.com
JS80 said:
It's actually both (value of bitcoin going up and the dollar going down from money printing).
Click to expand...
Unless an actual USD inflation figure moves within 10 ballparks the way that BTC moves, then no, saying BTC going up because USD is going down is silly.
 
Svnla

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
Last edited:
  • Haha
Reactions: Noid
Aikouka

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
I can say that I wish I didn't go as gung ho on trading in some BTC for alt-coins a while back. I still have some BTC, but it's also safe to say that the alt-coins (unsurprisingly) didn't all do as well. Some of them are doing fine... not as well as BTC (yet again, unsurprisingly), but okay.

Fritzo said:
Bought some Etherium and XRP. Hearing "things" on Twitter :)
Click to expand...

What'd you end up doing with your Ripple? I've had some lying around for a while now, and I've been debating what to do in regard to the SEC lawsuit. Coinbase is about to remove it from trading in a couple days, and the only way it'll have value is if the lawsuit fails.
 
Noid

Noid

Platinum Member
Sep 20, 2000
2,390
193
106
SEC .... accuses " the company and executives sold $1.3 billion worth of unregistered securities. " " unlicensed securities "

Who registers and licenses securities ? ... the SEC ?
If the SEC wins ... " company and executives " pay 1.3 billion back to investors ?
( is the "money" really there ... ? )
 
Last edited:
Aikouka

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
Noid said:
SEC .... accuses " the company and executives sold $1.3 billion worth of unregistered securities. " " unlicensed securities "

Who registers and licenses securities ? ... the SEC ?
If the SEC wins ... " company and executives " pay 1.3 billion back to investors ?
( is the "money" really there ... ? )
Click to expand...

Doesn't the entire thing hinge upon whether it's a security or a digital currency? Awkwardly, as much as it seems like Ripple wants it to be more of the latter, in regard to cryptocurrency, most people treat it like the former. I think the biggest issue there is the lack of stable pricing in crypto. Using USD as an example, why would I use a dollar right now if I thought it would be worth $5 or $10 or even $20 in just a couple years?
 
Fritzo

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Aikouka said:
I can say that I wish I didn't go as gung ho on trading in some BTC for alt-coins a while back. I still have some BTC, but it's also safe to say that the alt-coins (unsurprisingly) didn't all do as well. Some of them are doing fine... not as well as BTC (yet again, unsurprisingly), but okay.



What'd you end up doing with your Ripple? I've had some lying around for a while now, and I've been debating what to do in regard to the SEC lawsuit. Coinbase is about to remove it from trading in a couple days, and the only way it'll have value is if the lawsuit fails.
Click to expand...
Never got any Ripple.
 
Fritzo

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Aikouka said:
I thought you said that you bought XRP? Unless I'm mistaken, that's Ripple?
Click to expand...
Oh.,..LOL...didn't know that :D

Anyway, I ended up selling it when the price leveled to my buying price after a month or so. Didn't seem like it was going anywhere.
 
Aikouka

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
Fritzo said:
Oh.,..LOL...didn't know that :D

Anyway, I ended up selling it when the price leveled to my buying price after a month or so. Didn't seem like it was going anywhere.
Click to expand...

I can’t even recall what I traded it at as it was a couple years ago at this point. I think it was around 20-30 cents per XRP? I think my mistake was playing the game by trading BTC for... well, anything but maybe ETH. I was trying to avoid spending real money on other coins, but I think — like most — I was trying to find the next LTC/ETH. Although, given that BTC is almost always a sure bet (if you’re willing to wait years), it was arguably silly of me.

Although, it is worth noting that I’d only trade maybe $100 worth of BTC, so it wasn’t that bad. :p
 
ultimatebob

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Lately, it seems that Ethereum is rallying higher and Bitcoin has been sticking around the $35,000 range.

That's good for Ethereum investors, I guess. Not great for Ethereum users, because the transaction fees are insanely high now.
 
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