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Title: N00b has N00b questions Post by: Amanuensis on April 26, 2014, 04:56:16 PM Hi all:
So, I'm thinking of buying Litecoins. I take it the only reliable way is to get BC first. Now let's say all goes well, LC go through the roof and I'm rich, I tell you, rich. Assuming I don't cash out, is there any way to make sure the money doesn't just evaporate in case of, say, 24-hour panic? Etrading stocks, you can set a stop loss. Any way to do this with cryptos? Also, and no offense meant to mods, but what would prevent someone who was escrowing and simply making off with $$ and LT from both buyer and seller? And tipping... is... optional? Sorry if this is in a FAQ somewhere, thanks for reading. Title: Re: N00b has N00b questions Post by: BTCLotto on April 26, 2014, 05:01:43 PM Hi all: So, I'm thinking of buying Litecoins. I take it the only reliable way is to get BC first. Now let's say all goes well, LC go through the roof and I'm rich, I tell you, rich. Assuming I don't cash out, is there any way to make sure the money doesn't just evaporate in case of, say, 24-hour panic? Etrading stocks, you can set a stop loss. Any way to do this with cryptos? Also, and no offense meant to mods, but what would prevent someone who was escrowing and simply making off with $$ and LT from both buyer and seller? And tipping... is... optional? Sorry if this is in a FAQ somewhere, thanks for reading. Nothing stops an escrow from running off with the coins only his/her conscience and it as happened before. Think you can get trading bots and set stop loss although I've never used one so can't recommend one. Title: Re: N00b has N00b questions Post by: tins on April 27, 2014, 07:07:05 AM Hi all: So, I'm thinking of buying Litecoins. I take it the only reliable way is to get BC first. Now let's say all goes well, LC go through the roof and I'm rich, I tell you, rich. Assuming I don't cash out, is there any way to make sure the money doesn't just evaporate in case of, say, 24-hour panic? Etrading stocks, you can set a stop loss. Any way to do this with cryptos? Also, and no offense meant to mods, but what would prevent someone who was escrowing and simply making off with $$ and LT from both buyer and seller? And tipping... is... optional? Sorry if this is in a FAQ somewhere, thanks for reading. Do not use the forum to buy or sell your altcoins. Sign up at a reliable exchange. mcxnow.com cryptsy.com You can use your bitcoin to buy or sell any altcoin any time you want and it is much safer than a private transaction on the forum. |