New To Investing Thread

[yoga-like_abana]

 
that's exactly when I bought it

[Phil Titola]

Still can't buy ripple. Eff kraken and their slow verification.

[The Big Train]

that's exactly when I bought it

Isn't this exciting tho?!

[yoga-like_abana]

that's exactly when I bought it

Isn't this exciting tho?!

ohhh yeah. I remember randomly checking it this weekend and seeing it was up to around $45 or so and was wondering wth was going on

[DQ12]

out of curiosity, can someone refresh me on, mechanically, how you trade this stuff? 

[yoga-like_abana]

I bought it with my credit card using coinbase on an app on my phone and when I go to sell I'll put in my bank info

[The Big Train]

out of curiosity, can someone refresh me on, mechanically, how you trade this stuff?

It's built using blockchain technology, which is essentially a decentralized database.  Miners(powerful computers) mine and confirm each block of transactions.  The database is decentralized so there's a copy on everyone computer that's a part of the blockchain network.  All computers agree on the transaction that happened, which confirms the trade, and the ledger is updated and immutable.

[yoga-like_abana]

I mean I guess if you want to get technical what tbt said

[DQ12]

YLA answered my question.  TY.

[Phil Titola]

So LTC at 40?

[The Big Train]

If it goes down to $40 I would buy more

[Phil Titola]

If it goes down to $40 I would buy more

Stat away at current price?

[The Big Train]

If it goes down to $40 I would buy more

Stat away at current price?

I bought several times the past 2 days in the $41-$45 range. I can't buy anymore because of their weekly limits or I would buy more now at $47.  I don't think it will go back down to $40 and if it does I should be able to buy again because it won't be for awhile.

It's holding in the high $40's right now and once it eclipses the $50 mark it could skyrocket.  I'm not buying to sell quickly tho.  The closer we get to August 1st the higher it will probably go.

[The Big Train]

The volumes aren't that high on bitstamp right now or it would have probably already hit $50.  Something that I found doing more research is that China and South Korea are the biggest players in LiteCoin right now.  It's the middle of the night over there right now and the prices have gone up in the evening here the last couple of days.

[yoga-like_abana]

If it goes down to $40 I would buy more

Stat away at current price?

I bought several times the past 2 days in the $41-$45 range. I can't buy anymore because of their weekly limits or I would buy more now at $47.  I don't think it will go back down to $40 and if it does I should be able to buy again because it won't be for awhile.

It's holding in the high $40's right now and once it eclipses the $50 mark it could skyrocket.  I'm not buying to sell quickly tho.  The closer we get to August 1st the higher it will probably go.

what happens then?!

[The Big Train]

If it goes down to $40 I would buy more

Stat away at current price?

I bought several times the past 2 days in the $41-$45 range. I can't buy anymore because of their weekly limits or I would buy more now at $47.  I don't think it will go back down to $40 and if it does I should be able to buy again because it won't be for awhile.

It's holding in the high $40's right now and once it eclipses the $50 mark it could skyrocket.  I'm not buying to sell quickly tho.  The closer we get to August 1st the higher it will probably go.

what happens then?!

Judgment day for Bitcoin.

https://seekingalpha.com/article/4081991-august-1st-end-bitcoin

[yoga-like_abana]

its going to go nuts around the end of july then 

[The Big Train]

Yeah, that's why I wouldn't sell.

[yoga-like_abana]

[Emo EMAW]

What's the weekly limit amount?

[The Big Train]

What's the weekly limit amount?

Depends how much you buy and sell and how many CC's you have linked.  Buying with a CC is the only way to instant buy.  The linked bank account limits are usually higher when you first start but it takes 4-5 days to get your transaction approved, at the THEN exchange rate.

[yoga-like_abana]

I have yet to sell any tbt. any hang ups with your bank or anything to know ahead of time?

[The Big Train]

I have yet to sell any tbt. any hang ups with your bank or anything to know ahead of time?

No hangups with my bank.  The only thing is I've gotten hit with some international transaction fees when I sold off my LiteCoin last time, they weren't much tho.

I also just looked and you CAN buy at the current exchange rate with your linked bank account.  When I first started doing this I thought that's how they did it, since I always just use a CC. 

[Emo EMAW]

What's the weekly limit amount?

[The Big Train]

What's the weekly limit amount?

Again, it varies.  My bank account one is 5K.