I read bitcoin came out in 2009.  I first heard of bitcoin back in 2011 when someone mentioned it to me.  They told me it would get big.  I don't recall the exact price at the time but i believe it was 10 dollars the max i believe.  I recall reading a bit of it and thought this is junk because to me it was like some useless coin.


So i would like to know this.  Let say i would buy bitcoins back then.  Lets just say i bought 100 of them for 1000 dollars.  I most likely would not spending 1000 dollars on it but lets just say i did.  Now if it was 1 dollar each, i definitely would buy at least 100 dollars worth.  Now i want to know around 2011, how hard/easy was it to buy bitcoins?  Did any bitcoin wallets even exist back then?  I assume not right?  I assume everything was kept on the exchanges?  The one main exchange i heard of is Mx gov and that site that hacked.  Is that the exchange most Americans uses back then to buy bitcoin?  I would like the feedback of an American who bought bitcoin back then.  Was it as easy as confirming your bank account and then you buy via ACH transfer?  So basically any bitcoin you bought would be in your exchange account right?  Then if you want to sell, you just sell it just like that?  Was it pretty easy to sell bitcoin back then?  Were there people that traded bitcoin or was there no demand for that?


Now we all hear about how if we bought a lot of bitcoin when it was less than 1 dollar each, we all have lot of money.  Now let say you bought 1000 bitcoin at 10 cents each or something like that.  How long was bitcoin 10 cents?  And the other thing is this.  Lets just say you spent $1000 and bought 1000 bitcoin when it was 1 dollar each.  What percentage do you think people who bought 1000 bitcoin at 1 dollar each probably sell the bitcoin when it hits 10 dollars?  Or 100 dollars?  Obviously when it hit 500 dollars, im sure lot of people sold it?  Thus im sure there probably were lot of ppl that had 1000+ bitcoin due to buying it for like 10 cents or even less? 

 
Most importantly, what were the names of the bitcoin exchanges or sites most Americans used?  And say you did bought 1000 bitcoin.  Well, wouldn't there be a very high chance the mx gov hack thing... your bitcoin was probably there?  Or were there wallets created later on around then?  When exactly were the bitcoin wallets created like those armory, blockchain etc?


Obviously now its easy to buy/sell bitcoin.  But even if you bought say 100 or 1000 bitcoin back then for like 10 or 100 or 1000 dollars, what are the chances your bitcoin could be lost to due to the mx gov or anything else similar to that?  And of course you have to factor how many people would have sold their bitcoin if it went up very high.  For example if you buy 1000 bitcoin for 100 dollars and prices go very high, my thinking would be no point of selling it if price can't go a lot higher etc.  But say i bought 1000 bitcoin for 1000 dollars.  Well 1000 dollars is not exactly chump change.  But 100 dollars isn't that much etc.  Do people here get my logic?  Like hey its only 100 dollars vs 1000 dollars.  And of course you have to factor how many people want to lock in their profits. 


Im also wondering there must be quite a bit of people that might have 100+ btc stored somewhere but either their hard drive no longer work or they forgot their password to their wallet or something similar?  I mean if a guy bought 5000 btc for 27 dollars... i mean surely someone bought 10000 btc for 54 dollars right?  I mean there might be even people that bought like 20000 btc for 100 dollars or so when bitcoin just came out?  But those that eventually sold it, im wondering how frustrated they would been because 20000 btc now would be a lot of money etc.

Why is every altcoin traded against btc and not USD? 


This is what is even more confusing.  On bittrex, if you want to buy or sell a coin... lets just say lisk for example.  The price of lisk could be 5 dollars or 8 dollars or 3 dollars etc.  Now let say you want to buy lisk at 5 dollars when the price is currently 5.25.  Well if you do that, you have to check when lisk is 5 dollars or do an order of buying x amount of lisk when lisk hits 5 dollars.  So let say you want to buy 100 shares of lisk at 5 dollars.
But instead of putting down 5 dollars, you need to put it as a decimal in terms of btc.  Well isn't there a big issue with this? 


Because 0.00088 btc = $5 now.  However let say you put 0.00088 btc is the price you want to buy.  So let say the lisk price drops to 0.00088 and then it does the buy order where you buy 100 shares of lisk at 0.00088 btc.  However, that 0.00088 btc could be now 6 dollars instead of 5 dollars right?  Or of course it could be 2 dollars as well assuming btc price go down a lot?  So with btc and eth and litecoin where you buy it against USD, its easy to calculate your profit and buying it.  But with altcoins, are you suppose to look at the 0.000x btc decimal more than the actual dollar amount?  Because i always look at the dollar amount of an altcoin.  So in that example, wouldn't that mean you are buying lisk now at 6 dollars as oppose to 5 dollars even though the lisk price actually dropped?  So the lisk you got is at 6 dollars even though the price drop from 5.25 to 5 dollars?  I read others say you aren't suppose to look at the usd price with altcoins?  Can someone explain this more simpler?  The thing is it seems altcoin trading is very confusing because you are trading against btc and not usd.  I mean shouldn't you be looking at the price or lisk etc?  Because if you wanted to buy ETH if it drops to 250.  Well you can do that by doing a buy order of it when it drops to 250.  Or just buy it when its 250.  But with altcoins, say an altcoin is 10 dollars.  But you want to buy it at 8 dollars.  But if you wait till it hits 8 dollars but the btc price goes higher, then you actually lose here?  So if you want to buy an altcoin but wait for price to drop, you want the btc price is drop as well?  Or is that not relevant?   Its like even though the usd price went down, it would be cheaper if you got it at 10 dollars?  Because that makes no sense at all.

So are most of you getting bitcoin right before the fork?  How long before the fork should you get btc?  Also wouldnt it make sense to trade all your altcoin for btc before the fork just to get your bitcoin gold?  Also wouldn't it make sense to buy bitcoin just to get the bitcoin gold?  And if so how long before the bitcoin fork then?


And does anyone have a guess at how much bitcoin gold would be worth?


Also i assume if you havent claimed your bitcoin cash yet, well it doesn't matter and you could claim your bitcoin cash and bitcoin gold later on?

But look at all the coins that started like 10 cents and below.  Many of those coins in the top 25 coins started out very low like that etc.  What is different about those coins vs funfair and edgeless then?  Did all those coins started out with a low marketcap?

So you guys are telling me its basically going to be impossible for a coin like funfair to hit 10 dollars due to the already high marketcap?  So would hitting 1 dollar be very hard as well?


The thing is coins like edgeless started out like at 3 cents etc.  So its not possible for funfair to go up to 1 dollar?  Everyone mentions look at the marketcap.  So if a marketcap for a coin is already very high, that means the chance of that coin going up in price by a lot is very hard etc?

I like to know this as well

Okay so if you keep bitcoin on electrum, then you are fine right?

So the bitcoin gold will be in your electrum?  I'm confused here.

Also does that mean bitcoin will drop down in price due to this?  Do you have any idea how much bitcoin gold would be worth about?

So basically keep bitcoin in the same place as in the last fork and you will get bitcoin gold?

If there is going to be bitcoin gold... then wouldn't it make sense to buy a lot of bitcoin now or right before the fork?  That way you get free money since you get the bitcoin equivalent to bitcoin gold?

I looked through a thread from a poster who mentions these 2 coins are in his top 10 coins under $1

This is what he posted and i will copy and paste his post



1. FUNFair - great team, great product, great communication.  Too many coins, but a burn is coming.  They are on schedule and have a better product then competitors.

3. Edgeless - they guys are the leader in online casinos.  Limited coins, 1st mover, and on point.  They will be opening their own casino in 2 Q 2018.  Only issue is, the graphic kinda suck.  BUT thats an easy fix. 



He also posted 8 other coins as well but these stood out to me.  Does anyone have opinion of these 2 coins?  I took a look and these do seem like coins that could possibly go very high etc. 


However the issue is many people mention the market cap is more important than the price.  So does that mean at the moment now when funfair is 3 cents and edgeless is 70 cents, then it is not likely for it to go up to say 3 dollars or 10 dollars etc?

Does anyone think it could hit 50000 usd?  The thing is if it hit that much, could you imagine the swings?  I mean say it was 50000 usd.  Wouldnt that mean it dropping 2500 is pretty normal?

Very curious about this as i have waves and notice i got lot of these tokens.


Anyone know what other coins offer this?

Hi there thanks for your response to every question.  I still have few questions on this.


You say stop converting the btc to usd.  Well... lisk is at 5.49.  Say i want to just buy 2500 lisk at that price then.  So when i put the btc price at the moment to 5.49, that means every lisk that i buy will be priced at 5.49 right?  Well the btc price that is 5.49 at the moment?


Okay so now say i want to sell the 2500 lisk at 6 dollars.  So wouldn't i need to convert 6 dollars to btc amount and then input that?  And then whenever lisk hits 6 dollars, bittrex automatically sells my 2500 lisk?  thus it could be someone buying all 2500 lisk at once... or maybe even 12 different people buying 2500 total?


Okay so assuming i don't manually buy or sell a coin, that means its not possible for bittrex to buy or sell lisk at different prices right?  Thus if i make it 6 dollars to sell, every single lisk has to be sold at 6 dollars?  The same as if i buy lisk at 5 dollars?


Well i have tough time looking at price of a coin in btc.  I don't know why they would do this.  USD would make the most sense.  I mean you are looking at the price of a coin.   So 0.00127500 could be 5.49 now.  But later on it could also be 5.25 etc.  Does that make sense?


Okay so when i want to buy a coin at 0.00127500 and i see that as a price someone is offering to sell.  Let say they only have 10 of them.  I want to buy 2500.  So when i do this, i would put that price and 2500.  But when i do this, only 10 lisk would be bought right?  Then there would be an limit order out there showing im willing to buy 2490 lisk at 0.00127500?  So then i look at my computer.  Then someone might choose to sell me 150 of them at that price?  Then that gets matched.  Then once my 2350 gets matched, my order is complete?  I assume if someone was offering lisk at 0.00127500 on the order page, then it probably wouldn't be long till someone or lot of other sellers sell the other 2490 i want to buy right?  Because when i look at the ask price to buy something, i obviously am looking at the lowest price at the moment.


So in the example i posted earlier with the 5 different prices.  If i want to make a limit order right now of 2500 lisk at 0.00128000 as the price... that means i would be buying lisk at 5 different prices since the first few sellers don't have enough lisk right?  Thus i would be buying the max from each of those sellers and the remaining bulk would be bought from the seller who has over 15000 lisk?

well im not leasing my waves.  Then why am i getting these tokens i listed above?


So if i lease them, not only do i get what i get but i get more waves?  Someone mentioned its a very very tiny amount. 


10k waves is a lot of waves and i dont think much people have that many unless they bought it at say 1 dollar or less.    Or of course if they have lot of money.


What do you mean waves will be near ETH?  You think it will hit ETH prices of like 300 dollars etc?


But i like to know about those others tokens that i mentioned.  Does anyone here have those tokens i posted above who did not lease their coins?

I just looked on waves community token and apparently its like 1 dollar for each coin that you could sell it for?  And only place to sell it is at Waves Decentralized Exchange?


So its called waves community on the waves wallet but its called waves community token?


Wait so if i buy more waves and keep them in my waves wallet, then i get more waves community token?  Because even if these tokens are worth 1 dollar each, well its not bad getting 5-10 dollars a month free if you know what i mean.  Can someone here confirm this is true?


And can someone tell me what about other tokens like


wavesnode.net
mcfly
eot token
core
mercury
grantsbounty
socl oceanlab
voltroon


Can you sell these or not?  Because even if these things are worth say 25 cents each, hey not bad getting free tokens.  Or of course these tokens getting higher in price etc.

Okay i just noticed many of these are shown in portfolio in my waves wallet.


so there are assets like wavesnode.net, socl oceanlab, grantsbounty etc. 


The one with the biggest balance is waves community but its very little still. 


CAn someone explain why certain of these asset names have a green check mark and others don't?


And why do some of them have false or true under re-issuable?


I see an option to transfer as well for these things.  The thing is i never leased any of my waves.  So can someone explain this?  Thus i have a tiny balance in many of these tokdens/coins.

How much waves do you have about about and how much tokens/coins are you getting?  I have waves and do not lease them and keep it in waves wallet but i notice i received lot of coins like the ones i mentioned earlier.  How do you know if you have thousands of smartre tokens there etc?

For exam ple i received


mercury
socl oceanlab
voltroon
waves community
wavesnode.net


But many of these were very tiny amounts like 0.0003 etc.


Can someone tell me how you can even sell them if u can?

Does anyone here agree/disagree with this guys list?

Does anyone here agree/disagree with the coins on the list?  And if so, which ones? 

Well let say you don't have enough money you want to trade.  Let say you have 5000 usd that you could use.  If you hold a coin for a very long time, yes you can 2x or 3x or even 5x it.  The issue is this would take a very long time.  But if you daytrade and say you always buy coins after a huge drop in price, say you buy 5000 usd worth of 2 coins at a big drop.  Then both coins go back up to what it was before it.  Then you sell the coins and your 5000 usd worth of btc could be 6000 usd worth of btc now.  Or you could even possibly turn it to 7500 usd.  Now if you have an extra 2500 usd worth to do more trading.


So wouldn't that make sense to trade more than hold especially when coins dip very low when everything drops?  Because if you keep buying at the huge dips and then selling it once it goes back to around that price or higher, you could make consistent profits and make your balance grow and do more with it.  Of course the coin prices can drop and drop even more and not recover.  However daytrading seems like a way where you could make profits and grown your cryptocurrency bankroll don't you all agree?  When you are holding, you are not making any money until you sell.  So im thinking that if you have very little money to work with, its best to day trade as oppose to hold?  But if you have a lot of capital or money to work with, just hold?  However i feel like if you have a lot of money to work with... say if you have 100000 usd or more, i think trading might make more profit if coins keep going up and down.  Thoughts on this?

I created an account on bittrex but never made a deposit there and have questions for traders on bittrex.



1.  I notice if you want to send btc or any other coin to bittrex, you have to click on wallets and then there is bitcoin, litecoin etc.  I notice when you click the + sign, its to deposit btc or any other coin into bittrex.  It then gives you an address to deposit into.  I read that if you deposit any other coin into say a btc wallet or ltc wallet etc... say you make a mistake a deposit bitcoin cash or ETH or say lisk into btc wallet, does that mean you lose all you bitcoin cash, eth or lisk?  I read that bittrex does only look at mistakes if you transferred at least 5000 usd?  So wouldn't that mean you have to be super careful though you should already be etc with this?  Because if you send btc from your bitcoin wallet to another btc address but say make a mistake with spelling somehow even though you copy and paste, wouldn't that mean the chance of someone receiving your btc is very low because of the amount of characters in a btc address?  Thus most likely it got sent to an address that there isn't so you get back the btc?  But with bittrex, if you send say lisk to btc wallet or btc to lisk wallet, you lose all your lisk or btc assuming you sent less than 5000 usd?  The thing that doesn't make sense is shouldn't you sending lisk to btc wallet or btc to lisk wallet be an automatic rejection where the transaction does not go through?  However if its bitcoin cash to bitcoin or bitcoin to bitcoincash, i assume the address is very similar and thats how a problem can occur?  Also i believe the litecoin address always start different with a btc address right?  So what would happen if you send litecoin to btc address or btc to litecoin address on bittrex?  But if you do this from a bitcoin wallet to litecoin wallet like with electrum... wouldn't the transaction get rejected? 



2.  Say i want to buy lisk with my btc.  I notice the price is $5.49 right now as the ask price and $5.48 as the bid price.  Let say i sent 1 btc to bittrex.  And i want to buy lisk with it.  I know the ask price is the price to buy lisk.  So here, i would notice they have ask price like this.  So basically the price is like 5.49, 5.50, 5.51 etc.  And it also shows how many lisk each trader is selling.  Im just going to write a number for each trader.



0.00127500     285.60 units
0.00127845     25.2 units
0.00127950     1328.12 units   
0.00127999     3.23 units
0.00128000     15231.22 units



A.  So let say i want to buy 200 lisk.  Well if i do this, i would type buy 200 lisk and put the price as 0.00127500 and then it would convert the total in btc price which is that 0.25% fees etc.  But when i do this, i assume its  A LIMIT ORDER and the time in force should be good til cancelled?  Or should it be immediate or cancel?  I assume most people just do the good til cancelled?  But let say i want to make sure this order goes through when im on the computer.  So i could still leave it as good til cancelled right?  Or is immediate or cancel what i want?


B.  I notice when i list those 5 prices of lisk.  The price wuld update many times as there are more sellers and buyers and the price the next seller would offer lisk would be 1 cent lower or something around that price.  So do people have to make sure keep up to date etc when buying lot of a coin like lisk? 


C.  Say i want to buy 2500 lisk.  And those are the prices and units that are available.  What happens here?  So do i put in a limit buy order of 2500 lisk at 0.00128000 and thus get 2500 lisk from one seller?  Or could i get the 1600+ or so lisk from the lower prices sellers and then get the last 900 from the seller with the 15000+ lisk etc?  And how would one even do this?  Make an order of that exact amount of units from each seller and place 5 orders?  Also if you put 0.00128000 and 2500 units, would bittrex automatically buy the first 1600 or so at the cheaper price and then the 900 from the 0.00128000 seller?  Or it does not?


D.  This is what confuses me a lot.  The price of btc fluctuate all the time.  So let say you want to buy 2500 lisk when lisk drops all the way to 5 dollars.  So if you do this, you would type 2500 units for lisk.  For the price, you would have to go to google and type in 5 usd =  how much btc in decimals?  Is that true or false?  And then when you do this, the type would be conditionally.  The time in force has to be good till cancelled as oppose to immediate or cancel right?  Because that wouldn't even make sense for you to be able to choose immediate or cancel when making this type of buy order when lisk is 5.49 and you want to buy it at 5 dollars?  And the buy when. option.  Here, there is 3 options.  None, greater than or equal to or less than or equal to.  I assume in this example, it has to be less than or equal to right?  Then you put the btc amount in decimals?  So why would there be an option for NONE?  I don't understand why none would be an option.  Greater or equal to make sense as well since assuming lisk is 5.49.  Let say it keep going up and then you make sure you buy it at 6 dollars in case it goes up even more.  But is there an option to buy it at say 5 dollars or 6 dollars with lisk if price is 5.49?  Or you cannot do both of these options?


E.  So in these buy or sell orders, bittrex automatically buys or sells lisk at the price that you set it at.  But say it looks like those 5 numbers i show above.  So when you want to buy 2500 lisk at 5 dollars.  So it would automatically buy the lisk for you but what if not that much is avalable at the time?  Let say it hit 5 dollars but someone was only selling 10 lisk for example.  Then it auto buys 10 lisk for you?  So it has to hit exactly 5 dollars for it to automatically buy you the other 2490?  So wouldn't that mean bittrex could buy you the 2500 lisk at say 10 or more different prices etc?


F.  This is another thing that confuses me.  BTC price changes a lot as i mentioned.  So if you set a buy order of lisk of 5 dollars.  You type in the amount of btc that is 5 usd at the moment.  However, btc price could go up or down a lot.  So if thats the case, couldn't the 0.XXX btc amount you put as the price for 5 dollars be a lot less or more when btc prices drops a lot or goes up a lot?  Im not sure how to explain it exactly but i assume most of you get what im saying?  Because if you are buying lisk and altcoins with USD, that would be very simple if you have a usd balance.  Like you have 10k usd balance.  You can buy lisk when it hits 5 dollars.  But with btc, the btc amount you have now when lisk is 5.49 could get you 1050 lisk.  But later on could get you 1088 lisk for example.  Or is this not really a big deal when you make these buy or sell orders etc?


G.  Same question but on sell orders.  Say you bought lisk at 5.49 and bought 2500 lisk.  You want to sell lisk when it hits 6 dollars.  Whether you do limit sell order when you check bittrex or if you do a conditional sell order ... that is the right word right?   So if a trader wants to buy lisk at 6 dollars and only wants to buy 10 of them.  But the next trader wants to buy it at 6 dollars and wants to buy 110 of them.  And another trader wants to buy 2700 of them.  Who gets your 2500 lisk?  The buyer who wants 2700?  Or would the first 10 go to first trader, then 110 the next one and then 2390 goes to the last one?  Because many traders would offer to buy at 5.99, 6.00, 6.01 etc.  And when you do a conditional sell order, here it would show 2500 lisk.  But what ask price would you even put down if you put a conditional sell order?  So on the sell order and you want to sell it at 6 dollars, you put down sell when greater than or equal to 0.001395 btc?  I got that from converting 6 usd to btc at the moment.  So here what is confusing is why would you even have to put an ask price for lisk if you are doing a conditional sell order?  Do you have to put anything there and if so what?  And i assume the time in force for a conditional sell order of lisk has to be good till cancelled right?  Cannot imagine it being immediate or cancel.



3.  So when your buy orders or sell orders go through in these conditional orders, they never show you the actual USD amount at the time this happens? 



4.  Does anyone trade for tether on bittrex and if so, are there any tips on this?  Because when you get tether, you could buy btc and a few other coins that trades with tether.  But most importantly how do you cash out to your bank account with tether?



5.  To those of you who cash out your profits to your bank account.  Obviously you need btc in the end.  Or possibly tether?  Then how do you get the btc to your bank account?  Could you sell it to bittrex and they send you a bank wire or ACH?  Or do you guys uses a site like coinbase or gemini to sell your bitcoin for bank transfer or deposit?  Because what is surprising is even though bittrex is a trading site, i heard there is no usd but theres is USDT.  So since that is tether, you cannot cash out directly to your bank account but you need to use another site?  That is very confusing.

How do you sell these things?  Also they are shown as X units received etc.