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Crypto finally popped?
- Thread starter Avablanch892
- Start date
If the fees don't come back in line it isn't going to become a more accepted form of online currency. It will only remain useful for the types of online purchases that are currently being made with it and even at that many are beginning to take other forms of crypto currency with much lower fees.
Test_Subject
New Member
The fees are a huge problem. I can definitely see them going down in the very near future. The fees at the BTC ATMs are highway robbery. The exchanges aren't much better.
BTC's problem is that they assumed that they were the only game in town. They'll have to adjust with several alternatives out there. Litecoin is looking really good if you already had some money invested in it.
I hear good things about litecoin. If you are in the US what exchanges can you buy litecoin on other than Coinbase?
I know Kraken as well but while they are "accepting" new customers they currently won't allow you to verify your account so you can't make any purchases.
Did coinbase shut you down? I know you asked me this recently...and ive been looking around...here and there. Question- are you trying to invest in LTC or just buy and send it?
Edit: look into bittrex
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Test_Subject
New Member
I use Morrex. Not sure if you can use it in the US. It's based in Quebec.
I had a friend who purchased a couple (wishes it had been more) bitcoins through Coinbase last year for future purchases. It turned into a buy and hold situation as the price of bitcoin ran up. He then made a small peptide purchase for research purposes, which isn't illegal in the US to my knowledge using bitcoin and then had his account cancelled by Coinbase.
Just trying to determine how feasible litecoin is right now both for purchases and possibly for investment purposes.
Thanks I will check into bittrex.
Test_Subject
New Member
He's probably right, to some degree. He's a bit of a nut, but the man is a genius.
People are cashing in to buy Christmas gifts, especially since everyone and their mom has been saying that crypto is going to drop hard.
Once the January rut is over, the market will go back up.
Agreed...He has a large stake in a company that mines BTC, and they’re ramping shit up the first quarter of 2018. MGTI is the stock ticker, tons of volume, double bagger the past couple weeks alone. That said, it’s in his best interest to see BTC successful...he’s gone as far to say he will eat his own cock if BTC isn’t $1M by 2020. Lol...
I can see why you would say that. But considering A) he is just a tech guy, as mentioned earlier ITT, and literally has no idea whatsoever why the drop or if/when it will go back up in price. I wouldn't consider it insider trading. And B) he told me after the prices dropped. I don't keep a close eye on BTC on the daily like a lot of people who invest so. He just made me aware there was a drop. And if I had the funds to, buy more. Everyone knows to buy low and sell high.
This isn't really my forte per se. So could you explain to me why you would consider this insider trading?
Confidence in the future price of LTC??
In the days before Litecoin founder announced selling all his LTC holdings, he tweeted this about LTC dropping to $20:
Thanks.
I still do not see how it would even be considered that though. As he provided me NO non public information. none of the info he provided me was confidential at all. It was all very public info
Your friend telling you to buy on the "dip" or when prices are low are essentially the "basics of buying" any of these coins!
Also, @Masters Power , bittrex isn't accepting new accounts right now so i apologize for recommending it. However, if you go on coinmarketcap under LTC, scroll down to the graph, click on markets and youll see all possible exchanges you can get litecoin on. Thanks.
