How to buy DAO tokens the easy way using Bittrex - page 3.

Soul_eater_123

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Quote from: yelllowsin on May 12, 2016, 09:02:01 PM

Quote

The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).

Why are you suggesting to transfer using an Exchange if it says clearly in the DAO page not to do so? The recommendation is using a personal Mist wallet, eventhough it might take a half day to finish synching. If someone does not understand how to do it, better not to invest at all than risk losing all your investment. I woudn't trust letting my tokens tied to an ETH address rather than my own.

The fact is that people normally learn it by the hard way, losing their tokens. Good luck for those who want to do so.

Actually the DAO page recommends using the MIST wallet for purchasing DAO tokens but there are certain exchanges that have partnered up with the DAO such as Bittrex to make the process easier for those who are not technically minded or can't wait for their wallet to update. It is misleading to say that the DAO page warns people not to. Whilst it is obviously more secure to purchase tokens using your own wallet, using an established exchange is hardly a high risk strategy. Your post misses the entire purpose of this thread.

yelllowsin

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Quote

The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).

Why are you suggesting to transfer using an Exchange if it says clearly in the DAO page not to do so? The recommendation is using a personal Mist wallet, eventhough it might take a half day to finish synching. If someone does not understand how to do it, better not to invest at all than risk losing all your investment. I woudn't trust letting my tokens tied to an ETH address rather than my own.

The fact is that people normally learn it by the hard way, losing their tokens. Good luck for those who want to do so.

Soul_eater_123

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Quote from: Nxtblg on May 12, 2016, 02:59:33 PM

Quote from: Soul_eater_123 on May 09, 2016, 01:13:50 PM

There is also a useful discussion on episode 57 of The Bitcoin Podcast which explains some of the basic concepts quite well:

http://thebitcoinpodcast.com/episode-57/

Thanks for the link.

You're welcome:)

Nxtblg

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Quote from: Soul_eater_123 on May 09, 2016, 01:13:50 PM

There is also a useful discussion on episode 57 of The Bitcoin Podcast which explains some of the basic concepts quite well:

http://thebitcoinpodcast.com/episode-57/

Thanks for the link.

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Quote from: Soul_eater_123 on May 09, 2016, 01:58:39 PM

Quote from: enhu on May 09, 2016, 01:40:46 PM

Wanted to invest to it lately but found out about how to buy DAO and seem like they recommend ETH - I move away after learning it since it don't have ETH.
And seem a hassle buying with bitcoin, it looks like they've partner with the rest like ETH and gatecoin which is good though but still I only have multibit and an online wallet blockchain.

all you need if you wanna buy DAO is just click the red button with GET DAO TOKEN on it..

It's obvious you don't understand how the DAO works so why did you want to buy it in the first place? You definitely should not be investing if you can't even be bothered to find out what you are investing in.

DAO is based on ether and the ethereum blockchain so obviously it has to be created using ether.

I don't see why this would be an obstacle to anyone. If you don't have ether, buy some ether. You can buy it on Bittrex or any of the other exchanges where it is traded.

If you can't be bothered with a regular exchange Shapeshift (https://shapeshift.io/) makes it even more straightforward.

You would have to be monumentally lazy to pass up the opportunity of making money just because you can't be bothered to exchange some BTC to ether first.

lol some people just want it easy. I wish it was easier myself though as my mist mac wallet keeps freezing. I have had to use kraken mainly and a bit on bittrex. these are not the recommended ways to do it by the DAO. but hey ho.

Soul_eater_123

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Quote from: enhu on May 09, 2016, 01:40:46 PM

Wanted to invest to it lately but found out about how to buy DAO and seem like they recommend ETH - I move away after learning it since it don't have ETH.
And seem a hassle buying with bitcoin, it looks like they've partner with the rest like ETH and gatecoin which is good though but still I only have multibit and an online wallet blockchain.

all you need if you wanna buy DAO is just click the red button with GET DAO TOKEN on it..

It's obvious you don't understand how the DAO works so why did you want to buy it in the first place? You definitely should not be investing if you can't even be bothered to find out what you are investing in.

DAO is based on ether and the ethereum blockchain so obviously it has to be created using ether.

I don't see why this would be an obstacle to anyone. If you don't have ether, buy some ether. You can buy it on Bittrex or any of the other exchanges where it is traded.

If you can't be bothered with a regular exchange Shapeshift (https://shapeshift.io/) makes it even more straightforward.

You would have to be monumentally lazy to pass up the opportunity of making money just because you can't be bothered to exchange some BTC to ether first.

enhu

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Wanted to invest to it lately but found out about how to buy DAO and seem like they recommend ETH - I move away after learning it since it don't have ETH.
And seem a hassle buying with bitcoin, it looks like they've partner with the rest like ETH and gatecoin which is good though but still I only have multibit and an online wallet blockchain.

all you need if you wanna buy DAO is just click the red button with GET DAO TOKEN on it..

Soul_eater_123

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Quote from: m33 on May 09, 2016, 11:33:21 AM

what are DAO use for?

They are tokens for a Decentralised Autonomous Organisation and grant the holder certain rights within the DAO entity. It's like a new company where the token holders get to choose what it invests in and get rewarded as part of the investment. It's similar in some respects to a venture capital company but there has never strictly been anything else exactly like it before.

You can read more here:

https://daohub.org

There is also a useful discussion on episode 57 of The Bitcoin Podcast which explains some of the basic concepts quite well:

http://thebitcoinpodcast.com/episode-57/

m33

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Never invest with borrowed coins

what are DAO use for?

Soul_eater_123

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Quote from: gravitate on May 09, 2016, 10:18:47 AM

im confused by this. I tried it... I went to https://www.bittrex.com/balance/dao

then selected 48 ETH then transfer. Then nothing happened lol

where is my DAO tokens kept in reccord. In my wallets my DAO value is zero.

I think I just wasted 1 Bitcoin here. DAMN.

It's not in your wallet. It will be on the same page where you create the DAO tokens and you need to wait some time before it will appear (where it says "Step 3 Validate Your Balance"). The tokens will only be available to trade after the DAO creation period (28th May at the earliest). If you still think there has been some sort of error submit a support ticket to Bittrex and they will be able to help you out.

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im confused by this. I tried it... I went to https://www.bittrex.com/balance/dao

then selected 48 ETH then transfer. Then nothing happened lol

where is my DAO tokens kept in reccord. In my wallets my DAO value is zero.

I think I just wasted 1 Bitcoin here. DAMN.

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When will the DAO tokens be tradable do you know please?

foxkyu

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Quote from: albert11 on May 08, 2016, 09:13:54 PM

Is bittrex a trusted exchange? who is CEO?

Their twitter say they are in seattle but their website says las vegas...

ETH deposit/withdrawal on their site still says eth is in frontier, is the site not being updated?

Bittrex is one of the biggest altcoin exchange right now, alongside with poloniex

I use bittrex more than 1 year and so far good, i trust them

If you have a more question you can join their slack channel

albert11

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OP, where is the generate button?

albert11

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Is bittrex a trusted exchange? who is CEO?

Their twitter say they are in seattle but their website says las vegas...

ETH deposit/withdrawal on their site still says eth is in frontier, is the site not being updated?

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Quote from: francism on May 08, 2016, 07:52:17 PM

Quote from: Minecache on May 08, 2016, 05:45:42 PM

I'd advise all interested DAO purchases to do it via the Ethereum Mist wallet. From there you can set up the smart contract to watch and will use it for voting proposals.

But for those who are new to ETH will have difficulty downloading the whole ETH blockchain because of unstable peers.

It takes a few hours. You still have circa 21 days to jump on the DAO.

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Quote from: Minecache on May 08, 2016, 05:45:42 PM

I'd advise all interested DAO purchases to do it via the Ethereum Mist wallet. From there you can set up the smart contract to watch and will use it for voting proposals.

But for those who are new to ETH will have difficulty downloading the whole ETH blockchain because of unstable peers.

ICOcountdown.com

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Quote from: Minecache on May 08, 2016, 05:45:42 PM

I'd advise all interested DAO purchases to do it via the Ethereum Mist wallet. From there you can set up the smart contract to watch and will use it for voting proposals.

I agree you can find the latest versions of MIST here:

https://github.com/ethereum/mist/releases

It is definately the best ethereum wallet.

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I'd advise all interested DAO purchases to do it via the Ethereum Mist wallet. From there you can set up the smart contract to watch and will use it for voting proposals.

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in announcement DAO interest causes the market of activation of project...

Topic: How to buy DAO tokens the easy way using Bittrex - page 3. (Read 7523 times)