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BITCOIN

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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    edited 11 May 2021 at 6:36PM
    TimSynths said:
    I'm currently having an issue trying to move ETH from Coinbase Wallet to Coinbase (will then move to Pro) to take some profit and trade. Has been pending for 30 hours + so have had to contact support. Want to buy some more BTC as I think its soon to do some upward growth.
    Why kick yourself with Coinbase? Use Binance or crypto.com. They have great support for UK customers, including Faster Payment and so on.

  • HansOndabush
    HansOndabush Posts: 470 Forumite
    100 Posts Name Dropper Photogenic
    edited 23 September 2024 at 2:51PM
    TimSynths said:
    I'm currently having an issue trying to move ETH from Coinbase Wallet to Coinbase (will then move to Pro) to take some profit and trade. Has been pending for 30 hours + so have had to contact support. Want to buy some more BTC as I think its soon to do some upward growth.
    Why kick yourself with Coinbase? Use Binance or crypto.com. They have great support for UK customers, including Faster Payment and so on.

    I expect they do having been banned in the US. 
    This thread will probably get pulled now you've mentioned the B word; they ban it on here too.
  • P1
    P1 Posts: 59 Forumite
    Third Anniversary 10 Posts Name Dropper
    Personal experience FTX and Bitstamp are the are fine for the average person.  FTX more focused for traders and you can get exposure to all sorts.  Commodities, Stocks and commodities etc.  For averages I think Bitstamp is the best.  I like that Bitstamp has been resistant to alts and will not list anything completely stupid.  Kraken are also good, but I have not used them and they list a lot of shitcoins also. 

    @michael121 yes in time but not at the start of it.  ETF will come in the next year or two.  Some say thats the time to sell...
  • Scottex99
    Scottex99 Posts: 811 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    P1 said:
    Personal experience FTX and Bitstamp are the are fine for the average person.  FTX more focused for traders and you can get exposure to all sorts.  Commodities, Stocks and commodities etc.  For averages I think Bitstamp is the best.  I like that Bitstamp has been resistant to alts and will not list anything completely stupid.  Kraken are also good, but I have not used them and they list a lot of shitcoins also. 

    @michael121 yes in time but not at the start of it.  ETF will come in the next year or two.  Some say thats the time to sell...
    Got both and we use FTX for Corp stuff. Always hear good things I just never get round to using them. I use a few different on ramps for £, do most of my trading on Binance and Kucoin.
    Uniswap via CB Wallet for the random degen stuff, oh and PancakeSwap too for farming. BSC has been blowing ERC20 out of the water recently but I guess it's not a pure DEX if Binance controls it...
  • lozzy1965
    lozzy1965 Posts: 549 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    edited 12 May 2021 at 10:42AM
    I must admit to totally not understanding Crypto, and being sceptical, but with an open mind.  This article kind of mirrors my possible misunderstanding of just how it can be so popular:
    https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270
    Sorry to stoke the "anti" sentiment, and "yes" I am jealous :)
  • HansOndabush
    HansOndabush Posts: 470 Forumite
    100 Posts Name Dropper Photogenic
    Very good article!
  • whatstheplan
    whatstheplan Posts: 158 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 12 May 2021 at 12:47PM
    lozzy1965 said:
    I must admit to totally not understanding Crypto, and being sceptical, but with an open mind.  This article kind of mirrors my possible misunderstanding of just how it can be so popular:
    https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270
    Sorry to stoke the "anti" sentiment, and "yes" I am jealous :)
    Rightly or wrongly there's no way I'd buy into BTC now.  I considered it in 2017, when 1 BTC was hovering around £1,500.  Now, that would get me 3.65% of a BTC if my maths is correct.  Sure, people say it's going to keep on rising so maybe a few years from now I'll be kicking myself again.  However I don't lose any sleep over it.  Although I do wish I'd taken that punt 4 years ago ... #hindsight
  • TimSynths
    TimSynths Posts: 603 Forumite
    500 Posts Third Anniversary Name Dropper Photogenic
    Good news for me- My pending Coinbase wallet transaction completed after 42 hours. Think I'm going to take some profit from my ETH and reinvest into BTC- think it may do well over the next 4 weeks.
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 18 January 2024 at 7:12PM
    By itself, I don't think Dogecoin is enough of a reason to not take crypto seriously, as it's just one sign of craziness. But taken together with a lot more trash like it in the top 100 coins getting pumped up, and evidence of the general frenzy (e.g. the Papa John's £fiat worth of Bitcoin promotions), I think the bubble is real.
    So in exchange for at least £30, Papa John's will give you £10 in "free" Bitcoin and £15 off the order.
    This tells you a lot about:
    • the belief of crypto exchanges in the value of crypto (if Luno believed that Bitcoin was going to la luna, they wouldn't give it to bros in exchange for a £10 cut of a pizza sale)
    • the true value of £30 worth of Papa John pizzas (£5).
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Scottex99 said:
    IanManc said:
    Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0
    Have fun staying poor then, while we enjoy our millions. There’s a sucker born every minute. 😄
    That comment might just come back to bite you.  🤨
     Cashed out profits thousand times over already and I still have active position in Bitcoin.


    How do you cash out Bitcoin other than to sell it to another dumb speculator. When there's no one to sell it to what happens then? Takes two to trade. 
    Why does this get raised again and again like it's relevant? It's not some illiquid fantasy asset with 3 orders in each order book. $65bn of BTC traded in the last 24 hours according to Gecko. My team put 2 x $1m BTC limit sell orders through an exchange fairly recently and they filled in about 4 mins.
    Why is it relevant. It's how markets function. Supply and demand. Nothing more complex than that. 
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