I really like GDAX and Coinbase due to FDIC and USD pairs.  I don't like the limited amount of coins they trade.  Have you heard any rumors about them expanding the coins they trade?

I think Bitcoin is going to be a roller coaster ride for a while.  I am mid process transferring my Bitcoin from Poloniex to Coinbase (it is taking me 2 days because of the $2000 per day limit).  Once there I plan on waiting until Bitcoin pumps back up in value and then sell it and put the $ into my Coinbase USD Wallet.  And then ride out the roller coaster for a while until Bitcoin stabilizes.

I was also thinking about using Coinbase to sell high and buy low, back and forth, back and forth, storing my fiat in my USD Wallet after selling.

Is this a good idea?  Is Coinbase a good exchange to do it in?

Mazzy

Hi guys...I had this question posted a couple hours ago but it disappeared.  I'm not sure if I broke some protocol.

At the Coinbase Forum it was expressed that it took days, if not weeks, to sell a Bitcoin and then take the proceeds and route the money into the Coinbase USD Wallet.  I was wondering if that was "old news" that has since been corrected by Coinbase or if that type of foot dragging still occurs.  Do any of you have an experience regarding this?  If it is true then I might need to find another alternative to cashing out a Bitcoin and quickly being able to store the money in safe USD haven.

Do you have any thoughts or suggestions?

Mazzy

From what I have read in the Coinbase Forum, selling a Bitcoin and having the proceeds get transfered into your Coinbase USD Wallet can take days, if not weeks.  Have you traders experienced that?  Is there a simpler and quicker procedure or exchange?

Thanks,
Scott

I have had it happen twice where I placed an open order for SC (Siamcoin) to be sold, turned off my computer and then the next morning logged on to Poloniex and found that my open order had not been sold during the night when the price had established itself at the sell price I had placed.  Do I have to be logged on to Poloniex in order for an open order to be placed?

Scott

I've been looking for an inexpensive training program that will train on technical analysis.  I found one and so far it seems like a pretty good simple course.  Technical analysis would be applicable to Bitcoin training as in all other training.

https://www.investoo.com/advanced-technical-analysis/

I purchased SC on a pretty decent drop.  Then it continued to drop.  And continued to drop.  It took about 4 hours to rise back up to a price where I could sell for 1% - 2% profit.  Since I'm waiting for my bank transfer $ I didn't have enough in my account to double down on the continued drop.  I have a question about the double down concept...should that be used as a last resort only?  Would I set my selling price to just get out of the trade at a slight profit?  I guess these question would depend upon what was happening in the market.

I wondered what changed between yesterday and today.  Yesterday SC was pumping all day long.  Today it was sluggish.  After looking at the rest of the alt coins I recognized that just about all of them were sluggish today.  So it is possible that today was just a sluggish day.  I remember reading on this forum where one person observed that most market dumps occur on the weekends.  Maybe I should be careful about trading on the weekends???  Or Sunday more so than Saturday.

Can anybody recommend a course that would teach Bitcoin trading? 

I'm still asking questions and still learning.

Scott

A couple days ago I transfered enough from my bank account to buy 1 Bit coin.  While waiting for the $ to make it from the bank to the exchange I had $75.00 invested so could use it to practice with.  Keep in mind that I had no experience with bit coin trading and my past day trading did not go well.

Today I saw that SC (Siacoin) was above 10% and volume was above 10,000.  It was also very active pumping up and down.  I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00.  It was a great leaning experience.  Also very humbling because on the first trade I made a mistake and lucked out.

Scott

Hi guys...I'm totally green and I figure it is better to ask now than to not ask and make an expensive mistake.

I have purchased a bitcoin for, with fees, $2328.  I will transfer that to my Bittrex account when I get it in 4 days.  Once the price goes up to say $2528 I could sell it for a $200 profit (minus approx $7.00 fee).  Here are my questions at this point:
1.  Is a $200 profit an acceptable goal?
2.  Once I sell it how does the US dollar amount get transfered to my account?  Does it automatically get transfered into a US Dollar wallet in my account?
3.  Assuming that I now have approx $2528 in some part of my Bittrex account I could wait until Btc goes down again and then buy it and repeat the cycle (or purchase another altcoin).

Do I have it correct so far?  Any suggestions?

Thanks,
Scott

Some questions about how to start...

1.  I downloaded a Blockchain.info wallet to receive my Bitcoin in.  Is this a safe wallet?
2.  From what I have put together so far, the way to do trades is to have a Bitcoin and to use portions of the Bitcoin to do the purchases.  Correct?
3.  If I choose Bittrex as an exchange, after registering, I would transfer the Bitcoin from my wallet and deposit it into my Bittrex account.  Once deposited I could use portions of my Bitcoin to pay for trading transactions.
4.  During the trading I will have to have a separate wallet for each type of coin I end up with?  Or can I just store the coin in my Bittrex account? 
5.  If I decide to do some trading on Poloniex then I will have to withdraw what is left of my Bitcoin from Bittrex and deposit it into my Poloniex account.
6.  Are there any wallets that can hold multiple coins like Eth, Btc, LSK, etc?

I am sure you guys are chuckling at my questions...but it would be a lot simpler if somebody made a reference manual as a guide.  Does one exist? 

Thanks for your help,
scottmazzy

From the question I am sure that you can see that I'm green.

In the recent posts I saw recommendations for: Btc, Ltc, Eth, Etc, Lisk, Xem, Xcr, Aragon, Ripple, and Dodge.  Is there any one exchange that will allow somebody to trade in all of these?

Scottmazzy

I am sure that you all have experienced the first attempt at putting $ into an account so you can purchase Bitcoins.  I looked at CEX.io and found that they charge 7% as a seller's fee.  That seems pretty expensive.  I have no problem qualifying for credit card use or bank transfers.  There must be less expensive ways of purchasing Bitcoins.  Can anybody give me some advice?

Thanks,
Scottmazzy

Hi,

I've got some Goldcoins (GLD) and am thinking about buying other altcoins.  But I have some general questions about this whole investment strategy.  From what I see, these altcoins are not being used very much for purchasing real items (TV's, cars, etc).  It seems that they are mostly being bought and sold for speculative investment purposes.  It concerns me that, unless these coins become useful for real purchasing power and trade, they may die a slow or fast death.

Please recognize that I am very green.  Could anybody fill in my lack of understanding regarding these coins?

Best,
Scottmazzy