# Anyone end up investing in Bitcoins? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 21, 2013, 8:34pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431 "2013-10-21T20:34:08Z")\ **Posts on this page:** 20\ **Page:** 22
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 7, 2017, 8:16am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/421 "2017-12-07T08:16:18Z")
19K by tonight? ---
**Author:** ![Wahoo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wahoo/32/8265_2.png) [@Wahoo](https://forums.speedlife.net/u/Wahoo)\ **Post date:** [December 7, 2017, 8:29am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/422 "2017-12-07T08:29:44Z")
> [@nermoria](#): > > 19K by tonight? You mean now ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 7, 2017, 8:32am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/423 "2017-12-07T08:32:46Z")
> [@Wahoo](#): > > You mean now ![https://pbs.twimg.com/profile_images/845046715103113216/HRrci9Sn_400x400.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/0/9/09e060d2ae36a5de3614e4e0480c460e4eb71e80.jpeg) ---
**Author:** ![Wahoo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wahoo/32/8265_2.png) [@Wahoo](https://forums.speedlife.net/u/Wahoo)\ **Post date:** [December 7, 2017, 8:38am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/424 "2017-12-07T08:38:29Z")
And back down to 16.8k yeah I need to stop watching before I drive myself crazy. ---
**Author:** ![llink78](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/llink78/32/8037_2.png) [@llink78](https://forums.speedlife.net/u/llink78)\ **Post date:** [December 7, 2017, 8:40am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/425 "2017-12-07T08:40:03Z")
> [@Wahoo](#): > > And back down to 16.8k yeah I need to stop watching before I drive myself crazy. Me too. But just bought some more when it dipped. I feel good. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 7, 2017, 9:19am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/426 "2017-12-07T09:19:12Z")
How can I buy dips and sell highs when Coinbase/GDAX are this unstable?! 🙂 ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [December 7, 2017, 9:19am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/427 "2017-12-07T09:19:34Z")
> [@Onyx Z32](#): > > Been using that :tup: > > So why the ~$1k discrepancy between GDAX? GDAX blows and usually off by a bit so they do make it fun to arbitrage trade with 0% fees. They always operate at a premium too and they hedge goofy trading between their Coinbase buys and their market buys. I am not convinced their hotwallet is actually able to keep up since if you send transactions out of there, it can take hours to even show up on the network. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 7, 2017, 9:24am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/428 "2017-12-07T09:24:46Z")
> [@boxxa](#): > > … I am not convinced their hotwallet is actually able to keep up… I’d have to agree after watching their performance over the past few hours. There was a 30+ min delay and all of a sudden GDAX dropped to ~$15.2k as well. I was all set to buy and then their shit broke, lol. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 7, 2017, 9:30am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/429 "2017-12-07T09:30:20Z")
gdax is fubar :lol: Actually worked well though mine sold on some 15k stop I had and I bought back in lower ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [December 7, 2017, 9:35am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/430 "2017-12-07T09:35:50Z")
> [@Onyx Z32](#): > > I’d have to agree after watching their performance over the past few hours. There was a 30+ min delay and all of a sudden GDAX dropped to ~$15.2k as well. I was all set to buy and then their shit broke, lol. Thats normal GDAX things. Get used to the site being offline and unable to input trades in. That is why I am not sure how anyone would ever want to margin trade there since any big surge you can be stuck not able to add margin to your positions. Best thing is if you have limit orders in the pivot points and can catch the waterfall of margin liquidations, you can get filled pretty cheap. I got lucky on the last dump for a $8700 fill. Coinbase is their wallet and also has issues. That one if you want to send funds has hours delays. I think mine last night was 3 hours from send to even showing up on the bitcoin network. I sent one this morning at 7am and still not even in the network yet. Luckily i have moved everything now to Breadwallet but I am convinced when you withdraw they do not have coins readily available and need to buy and sell to get them. We are also going to see even more exchanges bite the dust and coordinated attacks while the surges happen. This scaling issue could cause some strange issues for margin traders and on withdraws for exchanges that operate with fractional reserves and buying up coins is now very expensive. ---
**Author:** ![Wahoo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wahoo/32/8265_2.png) [@Wahoo](https://forums.speedlife.net/u/Wahoo)\ **Post date:** [December 7, 2017, 9:47am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/431 "2017-12-07T09:47:19Z")
I used my bank account to buy BTC so I have to wait days for it to process. I bought litecoin with my debit card which was limited to $300. So the litecoin I can try to sell and buy instantly but my bitcoin I’m stuck waiting still lol. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [December 7, 2017, 9:49am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/432 "2017-12-07T09:49:27Z")
Haha oh boy. The futures are going to be entertaining. Here is the CME release on how they are calculating their index… Prepare for disaster. > **[bitcoin-real-time-index-methodology-version-2.pdf](https://www.cmegroup.com/trading/files/bitcoin-real-time-index-methodology-version-2.pdf)** > > 178.39 KB ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 7, 2017, 9:51am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/433 "2017-12-07T09:51:39Z")
> [@boxxa](#): > > Thats normal GDAX things. It looked like things were back in business a moment ago, I hit ‘buy’ and then it did nothing, lol. ---
**Author:** ![rugsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rugsr/32/7474_2.png) [@rugsr](https://forums.speedlife.net/u/rugsr)\ **Post date:** [December 7, 2017, 9:53am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/434 "2017-12-07T09:53:18Z")
so glad coinbase/gdax is shutting me down SMH ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 7, 2017, 10:24am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/435 "2017-12-07T10:24:58Z")
Well now that the dip is over it’ll let me buy again, lol. ---
**Author:** ![llink78](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/llink78/32/8037_2.png) [@llink78](https://forums.speedlife.net/u/llink78)\ **Post date:** [December 7, 2017, 10:26am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/436 "2017-12-07T10:26:05Z")
> [@Onyx Z32](#): > > Well now that the dip is over it’ll let me buy again, lol. Bought at the 16.5k dip. Also my limit is now 10k 😂 ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 7, 2017, 11:56am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/437 "2017-12-07T11:56:39Z")
So if bitcoin is climbing this fast does that mean people are withdrawing from traditional bank accounts? I see the US Dollar collapsing soon. 😛 - - - Updated - - - Does the new tax bill include the option to get your tax return in Bitcoin? LOL - - - Updated - - - Hackers steal $70 million worth of Bitcoin?!?!? - - - Updated - - - Can divorce proceedings involve full disclosure of Bitcoin accounts? …Asking for a friend. 😃 ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [December 7, 2017, 12:06pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/438 "2017-12-07T12:06:26Z")
The first page of this thread is hilarous. > [@theblue](#): > > If I could go back in time I’d do it, but not today. > [@Motocrossx23](#): > > You’re honestly the only person I know that talks/uses bitcoins. > [@honda4life](#): > > Meh, I’m not convinced yet > [@choko](#): > > yes [https://www.mtgox.com/](https://www.mtgox.com/) ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 7, 2017, 12:54pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/439 "2017-12-07T12:54:40Z")
> [@Blue Eyed Devil](#): > > So if bitcoin is climbing this fast does that mean people are withdrawing from traditional bank accounts? I see the US Dollar collapsing soon. 😛 > > - > - > - Updated - - - > > Does the new tax bill include the option to get your tax return in Bitcoin? LOL > > - > - > - Updated - - - > > Hackers steal $70 million worth of Bitcoin?!?!? > > - > - > - Updated - - - > > Can divorce proceedings involve full disclosure of Bitcoin accounts? …Asking for a friend. 😃 A lot of words for a guy who can’t computer ---
**Author:** ![Wahoo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wahoo/32/8265_2.png) [@Wahoo](https://forums.speedlife.net/u/Wahoo)\ **Post date:** [December 7, 2017, 12:57pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/440 "2017-12-07T12:57:53Z")
Im not too experienced with this stuff. I’m hoping when my purchase of bitcoin clears the banks and is processed, I can then buy and sell instantly, I suppose each time I would deposit into my USD wallet rather than putting the funds back into my bank account. Which would then each buy and sell would act instantly from that point on. Sorry noob question. [Previous page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=21) [Next page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=23)