I've tried opening a business account. I provided all of the required documentation weeks ago (probably more than a month ago). Still not able to trade. I entered a help ticket a week or so ago and just got a response that they are very busy... Still waiting.
One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
21–30 of 83 posts
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#22As 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 ke…
Why are you so sure that it's a bubble?
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#23My dad just texted me today asking if I owned bitcoin and if he should pick some up. I described it as uninsured highly volatile fine art(can be destroyed/lost) with a huge counter-party risk if he doesn't have the technical ability to store his own coins. Does anyone out there have a better analogy to scare family/friends away from it?
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#24As 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 ke…
>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?
Well we'd need to figure out what would trigger a sell-off and whether that sell-off could be sustained. I've got no clue what would trigger a sell off but for whether a sell-off could be sustained, I'm not sure, there are lots and lots of true believers at this point. I think there could be a really interesting psychological dissection of investors in BTC and other high volatility assets because there's a sort of annealing of their risk attitude where every dip is a buying opportunity, the risk perception of people like that might be completely different from someone like me with no stake in BTC.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#25I’ve got my popcorn out. I keep encountering more and more everyday people who are investing serious money in Bitcoin. Uber drivers, barbers, baristas.
I'm not into FUD because I like the technology and I have money in it -- but come mid-month you might see some heads turn at the 2x fork. I haven't been following closely to what community tone seems to be, but if there ends up being a sudden correction because of the split, it will be interesting to see what happens. It bodes well for the tech itself, but it might shake a few weak hands pretty good. Especially if they're just getting in now...
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#26Earlier quoted context omitted.
As far as I know, most Bitcoin transactions take ~10mins to get confirmed, so I'm not sure the current infrastructure would work for retail. Admittedly I don't know what would need to be changed to speed up transaction confirmations to the point where you could use it in retail situations.
When I say retail I mean things like buying steam games or buying web hosting, not actual brick and morter store purchases.
You can buy games on Steam with Bitcoin.
https://www.theverge.com/2016/4/28/11525482/bitcoin-steam-va...
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#27My dad just texted me today asking if I owned bitcoin and if he should pick some up. I described it as uninsured highly volatile fine art(can be destroyed/lost) with a huge counter-party risk if he doesn't have the technical ability to store his own coins. Does anyone out there have a better analogy to scare family/friends away from it?
Just keep in mind that if the price skyrockets you'll get to field more phone calls from angry family/friends who missed out because of your advice.
Damned if you do, damned if you don't.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#28My dad just texted me today asking if I owned bitcoin and if he should pick some up. I described it as uninsured highly volatile fine art(can be destroyed/lost) with a huge counter-party risk if he doesn't have the technical ability to store his own coins. Does anyone out there have a better analogy to scare family/friends away from it?
My sister told me she bought some and that she’ll buy more soon. She also told me that the price will rise and rise. I’m not sure what to say, I’m totally stunned. But I guess that is an interesting signal showing that the pool of people who could potentially buy more and thus drive the price is tremendously big.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#29That's a lot of users. How many of them are distinct human beings? How would that be verified?
Probably a tiny fraction. I'd guess that an algorithm recognized that buying 100 Bitcoin spread across 100k accounts is better than from 1 account.
Re: One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
#30I want to make some money buying bitcoin it just keeps going up! Which is the best exchange I should use? Is Coinbase best?
Gemini is better IMO, but I can't use Coinbase in my state, so I suppose I may be biased.