I just bought and why it's bad for you

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: Newbie1022 on September 27, 2014, 02:18:28 PM

Quote from: hopefull on September 27, 2014, 01:58:56 PM

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

Dude has already (allegedly) shitcanned $27 million. Hard to imagine he is ruining his life with $190K in BTC. Allegedly.

TinaK

hero member

Activity: 1106

Merit: 527

Quote from: vigsun on September 29, 2014, 05:03:02 AM

Quote from: ?? on ??

Quote from: Nrcewker on September 28, 2014, 04:40:49 AM

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

Yes, luck is part of the strength. But, a good beginning is half the battle , this is where you make a mistake.

In fact, Coinbase is not a true Exchange, it's a changer just like okpay, bitpay, egopay, etc. You buy bitcoins on Coinbase that itself cost your extra more fee, and you can't do some decent trading on it.

The other hand, there is a tradition on Coinbase, do you know? Whenever there is a greater volatility in Bitcoin price, they will prohibit you buy/sell bitcoins on Coinbase, until the price recover smooth. Oh fuck, if it would not allow us doing business when the price changes, how to make money?

So you want to make money with Bitcoin, firstly you have to choose a Bitcoin Exchange. Usually, Exchange charge fees 0.1% - 0.5%, but changers would charge a fee at least 1%, common 2%, even I had seen 7% on some changers.

I suggest you go the following exchange:

1. LakeBTC https://www.lakebtc.com/, best for North American and China users, but more suitable for bulk trading, and it's difficult to ensure profits of retail trading users.
2. Bitstamp https://www.bitstamp.net/, best for Europe users, but their KYC verification is annoying and slightly higher fee compared to other exchanges.
3. Btc-e https://btc-e.com/, Except Bitcoin, if you want to trade another crypto-currency, btc-e is best.

More Bitcoin Exchange list you can see here: https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

For Europeans Kraken is much better. No annoying KYC (no it's none of your fucking business where the Bitcoins came from. Fuck you).

It seems that only Bitstamp requires you to provide proof of the source of funds, and ask you what are you going to do.

In fact, if your trading volume within 30days is between $20,000 and $100,000, Bitstamp is more suitable for you.
Alternatively, if your trading volume within 30days is over $500,000, you definitely want to choose LakeBTC for it is the lowest fee in this case.
Except these two situations, Kraken has the most appropriate fee, and BTC-e' fee is constant for 0.2%, but the deposit/withdrawal fee is high.

Reference:
https://bitcointalksearch.org/topic/discuss-about-kraken-new-higher-fee-schedule-759699
https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

In a word, small trading to Kraken, medium trading to Bitstamp, large trading to LakeBTC, does it?

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

You should try to earn most on poker, and put just few % in Bitcoin. Bitcoin is risky investment.

Bitcoin-Police

member

Activity: 70

Merit: 10

Bitcoin-Police - Your friend and helper

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

TROLL-POTENTIAL = 100%
Don't feed this troll.

vigsun

newbie

Activity: 30

Merit: 0

Quote from: ?? on ??

Quote from: Nrcewker on September 28, 2014, 04:40:49 AM

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

Yes, luck is part of the strength. But, a good beginning is half the battle , this is where you make a mistake.

In fact, Coinbase is not a true Exchange, it's a changer just like okpay, bitpay, egopay, etc. You buy bitcoins on Coinbase that itself cost your extra more fee, and you can't do some decent trading on it.

The other hand, there is a tradition on Coinbase, do you know? Whenever there is a greater volatility in Bitcoin price, they will prohibit you buy/sell bitcoins on Coinbase, until the price recover smooth. Oh fuck, if it would not allow us doing business when the price changes, how to make money?

So you want to make money with Bitcoin, firstly you have to choose a Bitcoin Exchange. Usually, Exchange charge fees 0.1% - 0.5%, but changers would charge a fee at least 1%, common 2%, even I had seen 7% on some changers.

I suggest you go the following exchange:

1. LakeBTC https://www.lakebtc.com/, best for North American and China users, but more suitable for bulk trading, and it's difficult to ensure profits of retail trading users.
2. Bitstamp https://www.bitstamp.net/, best for Europe users, but their KYC verification is annoying and slightly higher fee compared to other exchanges.
3. Btc-e https://btc-e.com/, Except Bitcoin, if you want to trade another crypto-currency, btc-e is best.

More Bitcoin Exchange list you can see here: https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

For Europeans Kraken is much better. No annoying KYC (no it's none of your fucking business where the Bitcoins came from. Fuck you).

It seems that only Bitstamp requires you to provide proof of the source of funds, and ask you what are you going to do.

In fact, if your trading volume within 30days is between $20,000 and $100,000, Bitstamp is more suitable for you.
Alternatively, if your trading volume within 30days is over $500,000, you definitely want to choose LakeBTC for it is the lowest fee in this case.
Except these two situations, Kraken has the most appropriate fee, and BTC-e' fee is constant for 0.2%, but the deposit/withdrawal fee is high.

Reference:
https://bitcointalksearch.org/topic/discuss-about-kraken-new-higher-fee-schedule-759699
https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: piramida on September 29, 2014, 02:41:16 AM

Quote from: ?? on ??

For Europeans Kraken is much better. No annoying KYC (no it's none of your fucking business where the Bitcoins came from. Fuck you).

Really? because when I tried it it allowed like 2BTC buy limit without verification.

Go check it out. They need some sort of verification for higher limits sure (id + utility bill). They don't ask for proof how you purchased your Bitcoins and the origin of that though (which is much much worse).

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: hopefull on September 29, 2014, 02:33:35 AM

you guys just lost another buyer and investor

with balls these small, you probably should've never even started here.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: ?? on ??

For Europeans Kraken is much better. No annoying KYC (no it's none of your fucking business where the Bitcoins came from. Fuck you).

Really? because when I tried it it allowed like 2BTC buy limit without verification.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: hopefull on September 29, 2014, 02:33:35 AM

What a pig investment, are you kidding me, dumpage at every possible rise, you guys just lost another buyer and investor, go ahead and crash it, one thing I know is that it's not being accumulated by whales, it is beyond damage repair to have so many lose hope. An asset being accumulated goes up and up and charts look like PCLN or AAPL. I will be selling next week as Coinbase makes my buys available. And I thought $420 was good buy 3 days ago, now down almost another 20%.

Who praytell is buying every coin which is sold? Stop trolling pipsqueak.

hopefull

newbie

Activity: 10

Merit: 0

What a pig investment, are you kidding me, dumpage at every possible rise, you guys just lost another buyer and investor, go ahead and crash it, one thing I know is that it's not being accumulated by whales, it is beyond damage repair to have so many lose hope. An asset being accumulated goes up and up and charts look like PCLN or AAPL. I will be selling next week as Coinbase makes my buys available. And I thought $420 was good buy 3 days ago, now down almost another 20%.

GreenCoin22

hero member

Activity: 547

Merit: 500

Quote from: TinaK on September 28, 2014, 09:53:52 AM

Quote from: Nrcewker on September 28, 2014, 04:40:49 AM

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

Yes, luck is part of the strength. But, a good beginning is half the battle , this is where you make a mistake.

In fact, Coinbase is not a true Exchange, it's a changer just like okpay, bitpay, egopay, etc. You buy bitcoins on Coinbase that itself cost your extra more fee, and you can't do some decent trading on it.

The other hand, there is a tradition on Coinbase, do you know? Whenever there is a greater volatility in Bitcoin price, they will prohibit you buy/sell bitcoins on Coinbase, until the price recover smooth. Oh fuck, if it would not allow us doing business when the price changes, how to make money?

So you want to make money with Bitcoin, firstly you have to choose a Bitcoin Exchange. Usually, Exchange charge fees 0.1% - 0.5%, but changers would charge a fee at least 1%, common 2%, even I had seen 7% on some changers.

I suggest you go the following exchange:

1. LakeBTC https://www.lakebtc.com/, best for North American and China users, but more suitable for bulk trading, and it's difficult to ensure profits of retail trading users.
2. Bitstamp https://www.bitstamp.net/, best for Europe users, but their KYC verification is annoying and slightly higher fee compared to other exchanges.
3. Btc-e https://btc-e.com/, Except Bitcoin, if you want to trade another crypto-currency, btc-e is best.

More Bitcoin Exchange list you can see here: https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

Sometimes Bitstamp fee is cheaper than LakeBTC, but it's at least 0.2% however LakeBTC minimum fee can be 0.1%. And that KYC verification of Bitstamp is very annoying, this is why that I never use Bitstamp.

$200,000 is a critical point, you should trade on LakeBTC within 30 days of the trading volumeis not less than $200,000, or else you can consider Bitstamp.

500 Bitcoin is now about $200,000, I suggest not to sell now, although it can not guarantee the return to $700/btc, but $500/btc is certain.
And as Nrcewker said that don't buy Bitcoin on coinbase again that so would only unnecessary cost, and to select an Exchange right.

Come on! Preparing your spacesuit, see you next year at the moon!

Valeey

newbie

Activity: 24

Merit: 0

Quote from: Nrcewker on September 28, 2014, 04:40:49 AM

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

Yes, luck is part of the strength. But, a good beginning is half the battle , this is where you make a mistake.

In fact, Coinbase is not a true Exchange, it's a changer just like okpay, bitpay, egopay, etc. You buy bitcoins on Coinbase that itself cost your extra more fee, and you can't do some decent trading on it.

The other hand, there is a tradition on Coinbase, do you know? Whenever there is a greater volatility in Bitcoin price, they will prohibit you buy/sell bitcoins on Coinbase, until the price recover smooth. Oh fuck, if it would not allow us doing business when the price changes, how to make money?

So you want to make money with Bitcoin, firstly you have to choose a Bitcoin Exchange. Usually, Exchange charge fees 0.1% - 0.5%, but changers would charge a fee at least 1%, common 2%, even I had seen 7% on some changers.

I suggest you go the following exchange:

1. LakeBTC https://www.lakebtc.com/, best for North American and China users, but more suitable for bulk trading, and it's difficult to ensure profits of retail trading users.
2. Bitstamp https://www.bitstamp.net/, best for Europe users, but their KYC verification is annoying and slightly higher fee compared to other exchanges.
3. Btc-e https://btc-e.com/, Except Bitcoin, if you want to trade another crypto-currency, btc-e is best.

More Bitcoin Exchange list you can see here: https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

If you are a long-term holder for bitcoins, it is no difference to buy bitcoin in anywhere, Bitcoin price sooner or later return to $10,000, to the moon. But if you want earn short-term money, it's really need to find a good Exchange.

TinaK

hero member

Activity: 1106

Merit: 527

Quote from: Nrcewker on September 28, 2014, 04:40:49 AM

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

Yes, luck is part of the strength. But, a good beginning is half the battle , this is where you make a mistake.

In fact, Coinbase is not a true Exchange, it's a changer just like okpay, bitpay, egopay, etc. You buy bitcoins on Coinbase that itself cost your extra more fee, and you can't do some decent trading on it.

The other hand, there is a tradition on Coinbase, do you know? Whenever there is a greater volatility in Bitcoin price, they will prohibit you buy/sell bitcoins on Coinbase, until the price recover smooth. Oh fuck, if it would not allow us doing business when the price changes, how to make money?

So you want to make money with Bitcoin, firstly you have to choose a Bitcoin Exchange. Usually, Exchange charge fees 0.1% - 0.5%, but changers would charge a fee at least 1%, common 2%, even I had seen 7% on some changers.

I suggest you go the following exchange:

1. LakeBTC https://www.lakebtc.com/, best for North American and China users, but more suitable for bulk trading, and it's difficult to ensure profits of retail trading users.
2. Bitstamp https://www.bitstamp.net/, best for Europe users, but their KYC verification is annoying and slightly higher fee compared to other exchanges.
3. Btc-e https://btc-e.com/, Except Bitcoin, if you want to trade another crypto-currency, btc-e is best.

More Bitcoin Exchange list you can see here: https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

Sometimes Bitstamp fee is cheaper than LakeBTC, but it's at least 0.2% however LakeBTC minimum fee can be 0.1%. And that KYC verification of Bitstamp is very annoying, this is why that I never use Bitstamp.

$200,000 is a critical point, you should trade on LakeBTC within 30 days of the trading volumeis not less than $200,000, or else you can consider Bitstamp.

Nrcewker

copper member

Activity: 2268

Merit: 539

LuckyDiamond.io - FLAT 50% Deposit Bonus!

Quote from: hopefull on September 26, 2014, 11:10:18 PM

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

Yes, luck is part of the strength. But, a good beginning is half the battle , this is where you make a mistake.

In fact, Coinbase is not a true Exchange, it's a changer just like okpay, bitpay, egopay, etc. You buy bitcoins on Coinbase that itself cost your extra more fee, and you can't do some decent trading on it.

The other hand, there is a tradition on Coinbase, do you know? Whenever there is a greater volatility in Bitcoin price, they will prohibit you buy/sell bitcoins on Coinbase, until the price recover smooth. Oh fuck, if it would not allow us doing business when the price changes, how to make money?

So you want to make money with Bitcoin, firstly you have to choose a Bitcoin Exchange. Usually, Exchange charge fees 0.1% - 0.5%, but changers would charge a fee at least 1%, common 2%, even I had seen 7% on some changers.

I suggest you go the following exchange:

1. LakeBTC https://www.lakebtc.com/, best for North American and China users, but more suitable for bulk trading, and it's difficult to ensure profits of retail trading users.
2. Bitstamp https://www.bitstamp.net/, best for Europe users, but their KYC verification is annoying and slightly higher fee compared to other exchanges.
3. Btc-e https://btc-e.com/, Except Bitcoin, if you want to trade another crypto-currency, btc-e is best.

More Bitcoin Exchange list you can see here: https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082

pitham1

legendary

Activity: 1232

Merit: 1000

I think I should get into the construction industry as well.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Newbie1022 on September 27, 2014, 02:18:28 PM

Quote from: hopefull on September 27, 2014, 01:58:56 PM

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

I try to catch falling knifes in most investments I make. It means the security is relatively cheap at least (of course I investigate whether it's truly undervalued). Of course it can fall further. It always can, but the odds are in your favor.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Newbie1022 on September 27, 2014, 02:18:28 PM

Quote from: hopefull on September 27, 2014, 01:58:56 PM

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

You know what they say about the worth of advice from an unknown internet poster!

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: hopefull on September 27, 2014, 01:58:56 PM

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

hopefull

newbie

Activity: 10

Merit: 0

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

2themoon

newbie

Activity: 3

Merit: 0

1) You probably are going to lose money on the short-term, since you bought on a bearish trend.

2) Don't sell, even if the price goes to 200. Next year, you'll be in profit.

3) Never, ever, gamble again, mostly there is only one winner: the house.

Topic: I just bought and why it's bad for you (Read 3115 times)