Once you buy like 3k it ups your weekly limit
F meā¦bitcoin at 8k and climbing
smh when i made fun of it in 2013
#crying
yo we need @boxxa back hereā¦ anyone know him off line?
Heās prob busy being a millionaire.
I can tag him on FBā¦I donāt think he is worth millions yet.
Ron Paul is doing Bitcoin IRA commercials nowā¦
do this please
@rugsr all depends on whatās in your account. You can increase it by verifying your identity, or by waiting the grace period.
Hahah hi. Not millions. I buy and sell but am up from the latest buy at $600.
bro, youāve been tagged like infinity times and you give us a couple sentences???
SPREAD YOUR WISDOM!!!
What wisdom do you want? I told people to buy for the last few years. haha
Who has a time machine??
Here is my Boxxa Bitcoin Pointers. Take them as you wish.
1) You donāt need to buy 1 full Bitcoin.
You can buy down to 0.00000001 which is $0.00008285 so donāt think the $8200 entry is a barrier.
2) It is not too late to buy if you are bullish on it and understand the point of it.
The biggest thing is they missed the wave but look at any hyper growth companies. Amazon, Apple, Facebookā¦ any of them had very cheap prices and kept growing. How many people didnāt buy because they missed the growth? Also, Bitcoin is speculative and very early. it is not used regularly and has not found a purpose. I have been saying for years it will be used as a settlement network between banks since it can be low cost or another larger store of value similar to gold but since it is divisible into 8 decimals, you can break it down where as a block of gold you canāt suddenly take to a store and expect to buy a carton of milk with it. Lastly, the hyper growth of a digital commodity is also a sign of less faith in fiat and the current financial systems around the world.
3) Unless you are a day trader, donāt trade it. Just buy and hold.
It is very volatile. If you are not trading it regularly and watching moves, your misses will cost you more in the long run. Think of it as trying to trade penny stocks instead of buying a S&P500 minis for example. You may make some money but you may also have been better off just buying and holding a larger index instead of trying to play the swings.
4) What if it gets hacked?
Hacks in the news are related to websites being hacked. If you run the Bitcoin wallet on your computer, you are at risk of viruses and other things that could steal your info so computer security is key. See below for online wallets. If you do build a larger wallet, you can get things like a Trezor hardware wallet from https://trezor.io/ which allows you to secure them offline like in a safety deposit box.
5) Where do I buy it?
In the US, Coinbase is the go to. It is the most legit but they do have fees. You can schedule recurring buys and build your account there and they do have some features like a vault so you can lock your coins and require delays to move them. Here is a referral.https://www.coinbase.com/join/516eeaef06d66de495000013
6) Is it legal?
Yes. It is taxed similar to trading commodities and financial gains. If you are buying now and not day trading, buy and hold and donāt chase short term gains.
Cool stuff 
Thanks @boxxa.
I wholly agree with (2) vs. gold and in general.
I assume you are taking in advanced media / discussion on crypto. What are the anticipated sources of demand for the various crypto currencies?
Other than BTC, what are you thoughts on Etherium, ripple etc. Honestly, iād like to know your thoughts on anything going down this list: https://coinmarketcap.com/
what is bitcoin cash?
yeah.
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I will say my issues with gold and similar to fiat is we see the supply being moved and changed. We can print money. We also find out that countries have more gold then they say they sell on markets and cause the store of value to be manipulated. Also, lets be real. In the next 10 years, we donāt know what the market is going to look like. We could find a bunch now that we can drill into the Arctic, we have companies working on mining asteroids, and again the divisible feature of it is hard.
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Not sure what you mean by this: I assume you are taking in advanced media / discussion on crypto.
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What I think long term and what I think short term will differ. I donāt call prices since markets flow to take this with a grain of salt. Lots of coins follow bitcoin movements for no reason. Also, be care with Coinmarketcap. Lots of coins have tokens and others locked up so market values seem a bit inflated.
Ethereum has tech behind their blockchain and is defiantly cool. They are not a transaction network if you think about it that bitcoin is, they are a compute network. They have issues scaling and what people donāt realize is that companies are launching their own version of Ethereum since it is open source on their own private networks. You easily can peg two chains together so say the Bank of America and the HSBC versions can trust and transact across and not have to worry about public networks, keeping up with mining hardware, and dealing with potential attacks on their contracts that sit on the internet. I can see it moving short term but would be shocked if it ever had major adoption unless some groundbreaking feature or platform comes out.
Litecoin is just faster bitcoin. Could be a day to day payment network in the future but not much adoption. They have implemented Bitcoin improvements like SegWit so they do serve as a test bed. Again, Bitcoin moves and coins follow. People donāt think you buy less than 1 so people see it as a cheaper alternative and could move upwards for sure.
Bitcoin Cash is a fork of Bitcoin. Anyone can clone the Bitcoin wallet and set their own rules. Its up to the network census to agree. The max block size with transactions, how often they come out and get created, how many total coins, how much they generate, how hard it is to mine are all defined by software. You and I could create a fork and have our own rules. I can send you those new coins and you could accept them but the true bitcoin nodes would not. Bitcoin Cash changed some rules and has some support so essentially anyone who had bitcoins before got them in Bitcoin cash to start, just sending them individually as they are essentially two different coins now with differnet rules.
Ripple is centralized. They have done some shady stuff with their network so I donāt follow it that much with central control.
There is hundreds of others that do different things and have different aims. Most are just clones with different rules and share the same technology so over all, most will eventually die out.
By faster, do you mean a way to buy /sell / transact more quickly?
The lag in buying and selling always had me less interested. Coinbase says they have an āinstant exchangeā for buying and selling, but is it really?
all i meant is that you follow it more closely and therefore privy to more advanced discussions on crypto and where itās going.
basically i just want a sounding board for crypto who is following it as hard as i am following weed stocks.
The network. For a transaction to be official and confirmed, it gets included into a block. Bitcoin aims to be 10 minutes apart. Litecoin is 2.5.
Buying and selling is slow. Coinbase does have instant but itās extra fees. If you do a bank wire, you get the rate when you buy, not when it finally clears which is good.
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gotcha. I follow the tech but my altcoin knowledge is limited. Iām mostly a bitcoin purest right now until something shows promise as a day to day currency but we have a while in my opinion.