One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
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Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#2I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#3I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
Just mine them. Actually you probably have better odds mining that landfill where the guy lost his hard drive with thousands of them on it.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#4I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
High fees, I would search around if you're buying large amounts.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#5I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
I've personally used Coinbase and find it an excellent platform. Great interface, app works well and they enforce 2FA. I'm by no means an "enthusiast" but took a similar attitude to yours a few months ago, grabbed $400 or so of BTC (and some LTC and ETH, the other two currencies on offer by Coinbase) and I'm at around $2,000 in gains now, so can't complain.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#6I'd be curious to know at this point what amount of bitcoin transactions are actually retail focused. There was a big push a couple years back by users wanting to make actual purchases with bitcoin and helping to build the infrastructure around that. Does this retail side of bitcoin still exist, or is everyone just mining and selling -> buying and holding?
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#7As someone not invested in any of this at all, its fascinating to watch as people jump in completely oblivious to risk involved.
I've listened to friends and family discuss investing "only $100" or "only $1000" for fractional amounts of bitcoin with the idea that they're sure fire bets for making money.
I feel a bit like a rube sitting it out on the sidelines (and they're chastising me for not acting) as the price keeps going up-and-up and for most of them, these small investments (some quite large) have paid off for them.
When does this bubble burst? And, what is it going to look like? 100k people in a single day is crazy to me as a layperson, but if this was to be compared to a stock run (disregarding dilution) what type of alarm bells should be ringing for those with the most to lose? Or, are we past that point now?
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#8I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
Just mine them. Actually you probably have better odds mining that landfill where the guy lost his hard drive with thousands of them on it.
Mining Bitcoin with personal equipments is the dumbest thing you can do.
Even with modest ASIC in a pool, you'll get very little.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#9I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
I like Coinbase for my personal account, but I've been waiting a month now for them to approve my company account. I don't think they're equipped to handle such an influx of users
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#10I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
Two tips:
1. Don't keep your BTC in any exchange account for very long, and check the popular forums for people complaining about transactions being held up before transferring BTC into your account. Lots of people got screwed by MtGox, and it can happen on any exchange.
2. Don't spend any money other than money you would be willing to give away for free (totally discretionary money). The bottom has fallen out of markets before, and BTC is not immune. BTC has a lot of similarities to tulips, houses, Beanie Babies, and .com stocks in the late 90's.