OP, it's a "fun" investment, but I would by no means invest a large portion of savings into it. There are also a lot of ups and downs, so I have left mine in for a while and try my best not to withdraw.
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Originally posted by JANSLEY817 View PostWhat kind of commission does coinbase take when you use them? Y'all have my interest peaked, and I'm thinking about dabbling a little.
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Originally posted by JANSLEY817 View PostWhat kind of commission does coinbase take when you use them? Y'all have my interest peaked, and I'm thinking about dabbling a little.
The link above will help to get you signed up. I was shocked a couple of weeks ago when Glen Beck said that "Anyone who can should throw a date night's amount of money into Bitcoin" just to see what happens.
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Originally posted by wes122984 View PostToo much in fees and spread when using Coinbase. However if you use gdax which is Coinbase also, you can trade for zero fees using limit orders. Market orders cost .25 % i think.
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Originally posted by 91cavgt View PostThe reason why it is doing so good is due to to fiat currencies around the world that got away from the gold standard. Without gold backing a currency, the currency really is only worth the paper it is printed on. There is evidence that the price of gold is being manipulated, keeping it artificially low. Bitcoin has not been manipulated in the same way gold has been manipulated and as I understand there is a set number of bit coins out there and more are not being made. As more people buy bit coin, it’s price increases.
The US abandoned the gold standard in 1971. There isn't a single major country in the world using the gold standard anymore and hasn't been for quite some time but the recent run up in bitcoin is due to that? Not likely.
So fiat currency is only worth the paper its printed on but with bitcoin its not even worth a sheet a paper. So buy bitcoin?
The price of gold is being manipulated. What does that have to do with bitcoin? If you want to return to the gold standard and leave a fiat currency then gold manipulation is the very basis on what the gold standard operates on.
You don't think there are ways to manipulate a cryptocurrency? Or create more? You can mine for bitcoins and create more.
As more people buy bitcoin its price increases. Same for any other asset.
This post probably represents 99.9% of bitcoin investors. They don't know what it is, why it exists, or the economics behind it however they buy it because its the latest "investment craze" just like Iraqi Dinars, emus, and Florida condos.
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Originally posted by SmTx View PostYou missed the boat. Wish I would've gotten in years ago. Now I can't see myself buying into bitcoin.
Litecoin and Ethereum are the up and comers that you may want to get into.
https://www.coinbase.com/charts
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Originally posted by wloftis View PostCoinbase has done just that. Make an account and you can easily buy/sell through their website.Originally posted by rtp View PostGemini is another trading website for Bitcoin and Ethereum.
It will get there.
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Bitcoin is gaining popularity true, but it is going up based on the interest in it. For those of you purchasing or interested in purchasing bitcoin, could you see yourself buying and selling goods using bitcoin? I think there is a place in the marketplace for bitcoin, on the institutional side where it makes sense as an easy way to exchange currency, however for the individual consumer, I think bitcoin still has a very long and tough stretch ahead to make a dent in the marketplace. On the same token, I think gold is a terrible investment vehicle as well.
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Originally posted by Throwin' Darts View PostJust trying to make sense of this post and pulling out bits and pieces.
The US abandoned the gold standard in 1971. There isn't a single major country in the world using the gold standard anymore and hasn't been for quite some time but the recent run up in bitcoin is due to that? Not likely.
So fiat currency is only worth the paper its printed on but with bitcoin its not even worth a sheet a paper. So buy bitcoin?
The price of gold is being manipulated. What does that have to do with bitcoin? If you want to return to the gold standard and leave a fiat currency then gold manipulation is the very basis on what the gold standard operates on.
You don't think there are ways to manipulate a cryptocurrency? Or create more? You can mine for bitcoins and create more.
As more people buy bitcoin its price increases. Same for any other asset.
This post probably represents 99.9% of bitcoin investors. They don't know what it is, why it exists, or the economics behind it however they buy it because its the latest "investment craze" just like Iraqi Dinars, emus, and Florida condos.
Right now I'm making a little money playing with it as currency but I think it will eventually develop into so much more. I could have never imagined streaming live content let alone autonomous cars. Yet, here we are.
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