Bitcoin Forum
October 31, 2024, 10:50:34 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Anyone open an Open ledger account for the purpose of BTC trading?  (Read 1635 times)
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 06:13:21 PM
Last edit: October 13, 2015, 06:25:58 PM by JayJuanGee
Merited by KingsDen (1)
 #1

Since Open ledger is supposed to be starting up today:


Anyone open an Open ledger account for the purpose of trading (mostly I am considering trading BTC and dollars)?


https://bitshares.org/



It appears that that the fees are going to be pretty low, no?


https://bitshares.org/technology/decentralized-asset-exchange/



And, seems to be fairly secure to download the software, like NO ONE is going to run off with your coins, no?

https://bitshares.org/register/



In reviewing some of the materials, I am a little bit nervous about the whole decentralized process (which I understand is one of the whole purposes of bitcoin).  Currently, I keep my bitcoins with a variety of quasi-centralized arrangements (such as Circe, Coinbase, Blockchain and BTC-e).

I would like to hear about some of the experiences of others regarding this open ledger matter before I delve into it.









1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile
October 13, 2015, 06:14:48 PM
 #2

Why do you need this again  Huh

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
onemorexmr
Sr. Member
****
Offline Offline

Activity: 252
Merit: 251



View Profile
October 13, 2015, 06:17:29 PM
 #3

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion

XMR || Monero || monerodice.net || xmr.to || mymonero.com || openalias.org || you think bitcoin is fungible? watch this
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 06:22:11 PM
 #4

Why do you need this again  Huh


I was considering various ways to be able to trade BTC (into dollars and back again) with little to no fees (and also supporting the concept of decentralization).

In essence, in recent months I have divided my BTC portfolio into 4 subcomponents, and I have created trade scenarios (that I believe would work a lot better for me if I can minimize trading fees - and also potentially minimize taxable events)

have you read much into the open ledger project?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 06:24:07 PM
 #5

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
DeepMix
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile WWW
October 13, 2015, 06:27:59 PM
 #6

Since Open ledger is supposed to be starting up today:


Anyone open an Open ledger account for the purpose of trading (mostly I am considering trading BTC and dollars)?


https://bitshares.org/



It appears that that the fees are going to be pretty low, no?


https://bitshares.org/technology/decentralized-asset-exchange/



And, seems to be fairly secure to download the software, like NO ONE is going to run off with your coins, no?

https://bitshares.org/register/



In reviewing some of the materials, I am a little bit nervous about the whole decentralized process (which I understand is one of the whole purposes of bitcoin).  Currently, I keep my bitcoins with a variety of quasi-centralized arrangements (such as Circe, Coinbase, Blockchain and BTC-e).

I would like to hear about some of the experiences of others regarding this open ledger matter before I delve into it.










Does adding a question mark make it less of a forced attempt at advertising?
aakashsangwan
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1000


PUGG.io


View Profile WWW
October 13, 2015, 06:28:55 PM
 #7

what is the use of this option, for the purpose of btc trading  that you can do it where you are going to trade , their you will find the transaction record.

JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 06:34:14 PM
 #8

Since Open ledger is supposed to be starting up today:


Anyone open an Open ledger account for the purpose of trading (mostly I am considering trading BTC and dollars)?


https://bitshares.org/



It appears that that the fees are going to be pretty low, no?


https://bitshares.org/technology/decentralized-asset-exchange/



And, seems to be fairly secure to download the software, like NO ONE is going to run off with your coins, no?

https://bitshares.org/register/



In reviewing some of the materials, I am a little bit nervous about the whole decentralized process (which I understand is one of the whole purposes of bitcoin).  Currently, I keep my bitcoins with a variety of quasi-centralized arrangements (such as Circe, Coinbase, Blockchain and BTC-e).

I would like to hear about some of the experiences of others regarding this open ledger matter before I delve into it.










Does adding a question mark make it less of a forced attempt at advertising?





I'm NOT advertising or in any way connected with BTS.

If there is another or a better way to exchange BTC for dollars with fairly minimal fees, then certainly I would be interested in that ... .or maybe even rephrasing the question to be able to discuss potential decentralized solutions for the purpose of trading BTC and USD with fairly low fees, while hopefully also avoiding the tax man.







1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile
October 13, 2015, 06:44:09 PM
 #9

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

Why not use traditional exchanges?

Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.

Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 07:07:28 PM
 #10

what is the use of this option, for the purpose of btc trading  that you can do it where you are going to trade , their you will find the transaction record.


I am NOT sure if I understand your question, because maybe I am NOT sufficiently familiar with how the exchange would work. 

I was of the understanding that once a person establishes an account, then s/he can designate holdings as s/he likes and then change that designation at any time with minimal fees.   

If there is (are) some other exchange-like services that allow the same kind of functionaity (that may even be better), then I would be interested in hearing about those kinds of possibilities.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile
October 13, 2015, 07:12:21 PM
 #11

what is the use of this option, for the purpose of btc trading  that you can do it where you are going to trade , their you will find the transaction record.


I am NOT sure if I understand your question, because maybe I am NOT sufficiently familiar with how the exchange would work. 

I was of the understanding that once a person establishes an account, then s/he can designate holdings as s/he likes and then change that designation at any time with minimal fees.   

If there is (are) some other exchange-like services that allow the same kind of functionaity (that may even be better), then I would be interested in hearing about those kinds of possibilities.

Maybe what you're looking for is something like BitReserve?

Of course it is centralized but I would certainly trust them more than BitShares.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 07:12:23 PM
 #12

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

Why not use traditional exchanges?

Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.

Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?




Actually, you may be correct that there may be more risk than is within my tolerance levels, and I suppose that is the reason that I am asking for the input of others before I delve in (even with only a small part of my BTC holdings).   Actually, I had also been considering Gemini for a similar purpose (since their fees only seem to be around .25% at the time being, but if I could accomplish some trading with even lower fees (without suffering too much risk), then I would be interested in that even more.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile
October 13, 2015, 07:18:45 PM
 #13

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

Why not use traditional exchanges?

Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.

Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?




Actually, you may be correct that there may be more risk than is within my tolerance levels, and I suppose that is the reason that I am asking for the input of others before I delve in (even with only a small part of my BTC holdings).   Actually, I had also been considering Gemini for a similar purpose (since their fees only seem to be around .25% at the time being, but if I could accomplish some trading with even lower fees (without suffering too much risk), then I would be interested in that even more.

BitReserve has 0% conversion fees between currencies. Again, I wouldn't trust them with any significant amount and I'm not certain what type of regulations they are under...

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Pab
Legendary
*
Offline Offline

Activity: 1862
Merit: 1012


View Profile
October 13, 2015, 07:50:31 PM
 #14

I will wait and think about that in future,For now i even dont know does bts fork is succesfoul.New sites have bugs etc so i will wait and see

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 08:35:26 PM
 #15

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

Why not use traditional exchanges?

Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.

Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?




Actually, you may be correct that there may be more risk than is within my tolerance levels, and I suppose that is the reason that I am asking for the input of others before I delve in (even with only a small part of my BTC holdings).   Actually, I had also been considering Gemini for a similar purpose (since their fees only seem to be around .25% at the time being, but if I could accomplish some trading with even lower fees (without suffering too much risk), then I would be interested in that even more.

BitReserve has 0% conversion fees between currencies. Again, I wouldn't trust them with any significant amount and I'm not certain what type of regulations they are under...

Actually, Bitreserve may serve my purposes just fine for now...   and possibly even into the future... thanks for providing that info.

Maybe in the beginning, I would hold about 10 BTC with them depending on how matters evolve.... and as time goes on maybe another better solution will reveal itself to serve my purpose(s).

I have looked at my total potential BTC trade quantity under my current version of my trade plan, and it appears that the most coins that I would need (up to BTC reaching $500) would be about 26 BTC. 

If BTC is more volatile (rather than a straight shot upwards), then I would probably need far fewer than 26 BTC for selling purposes... My need for 26 BTC worst-case scenario assumes that every time I sell BTC from my sell allocation, the BTC prices keep going up and goes past $500. 

Because  I have other BTC, prices going up is NOT a really bad scenario, but it is one in which I would end up using the most BTC in my projected trading scenario. 

I suppose if something like a price spike like that were to occur, there may be circumstances in which I may decide to hold back on selling BTC, until BTC prices reach some kind of price-stable plateau?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 13, 2015, 10:24:54 PM
 #16

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

Why not use traditional exchanges?

Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.

Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?




Actually, you may be correct that there may be more risk than is within my tolerance levels, and I suppose that is the reason that I am asking for the input of others before I delve in (even with only a small part of my BTC holdings).   Actually, I had also been considering Gemini for a similar purpose (since their fees only seem to be around .25% at the time being, but if I could accomplish some trading with even lower fees (without suffering too much risk), then I would be interested in that even more.

BitReserve has 0% conversion fees between currencies. Again, I wouldn't trust them with any significant amount and I'm not certain what type of regulations they are under...

Actually, Bitreserve may serve my purposes just fine for now...   and possibly even into the future... thanks for providing that info.

Maybe in the beginning, I would hold about 10 BTC with them depending on how matters evolve.... and as time goes on maybe another better solution will reveal itself to serve my purpose(s).

I have looked at my total potential BTC trade quantity under my current version of my trade plan, and it appears that the most coins that I would need (up to BTC reaching $500) would be about 26 BTC.  

If BTC is more volatile (rather than a straight shot upwards), then I would probably need far fewer than 26 BTC for selling purposes... My need for 26 BTC worst-case scenario assumes that every time I sell BTC from my sell allocation, the BTC prices keep going up and goes past $500.  

Because  I have other BTC, prices going up is NOT a really bad scenario, but it is one in which I would end up using the most BTC in my projected trading scenario.  

I suppose if something like a price spike like that were to occur, there may be circumstances in which I may decide to hold back on selling BTC, until BTC prices reach some kind of price-stable plateau?




I created a bitreserve account, and then I went through the second step of verifying my identity.

Over an hour ago, I sent 10 BTC to the account; however, currently it appears that the 10 BTC are NOT yet available for moving around within my bitreserve account, maybe NOT until after the transfer has been sufficiently confirmed.  I looked at the blockchain link, and that shows 9 confirmations.

Overall this seems as if it may largely work for my purposes; however, I would like to find some kind of free service in which I could schedule the buying of BTC in advance... I am less concerned about prescheduling selling, but it would be nice to be able to preschedule the triggering of BTC buys if the price goes below a certain price point.  Currently, I will probably mostly just have to use a BTC price alarm to alert me if BTC prices go below a certain point.










1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 17, 2015, 02:58:39 AM
 #17

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion


I could care less about BTS prices.  All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.

Why not use traditional exchanges?

Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.

Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?




Actually, you may be correct that there may be more risk than is within my tolerance levels, and I suppose that is the reason that I am asking for the input of others before I delve in (even with only a small part of my BTC holdings).   Actually, I had also been considering Gemini for a similar purpose (since their fees only seem to be around .25% at the time being, but if I could accomplish some trading with even lower fees (without suffering too much risk), then I would be interested in that even more.

BitReserve has 0% conversion fees between currencies. Again, I wouldn't trust them with any significant amount and I'm not certain what type of regulations they are under...

Actually, Bitreserve may serve my purposes just fine for now...   and possibly even into the future... thanks for providing that info.

Maybe in the beginning, I would hold about 10 BTC with them depending on how matters evolve.... and as time goes on maybe another better solution will reveal itself to serve my purpose(s).

I have looked at my total potential BTC trade quantity under my current version of my trade plan, and it appears that the most coins that I would need (up to BTC reaching $500) would be about 26 BTC.  

If BTC is more volatile (rather than a straight shot upwards), then I would probably need far fewer than 26 BTC for selling purposes... My need for 26 BTC worst-case scenario assumes that every time I sell BTC from my sell allocation, the BTC prices keep going up and goes past $500.  

Because  I have other BTC, prices going up is NOT a really bad scenario, but it is one in which I would end up using the most BTC in my projected trading scenario.  

I suppose if something like a price spike like that were to occur, there may be circumstances in which I may decide to hold back on selling BTC, until BTC prices reach some kind of price-stable plateau?




I created a bitreserve account, and then I went through the second step of verifying my identity.

Over an hour ago, I sent 10 BTC to the account; however, currently it appears that the 10 BTC are NOT yet available for moving around within my bitreserve account, maybe NOT until after the transfer has been sufficiently confirmed.  I looked at the blockchain link, and that shows 9 confirmations.

Overall this seems as if it may largely work for my purposes; however, I would like to find some kind of free service in which I could schedule the buying of BTC in advance... I am less concerned about prescheduling selling, but it would be nice to be able to preschedule the triggering of BTC buys if the price goes below a certain price point.  Currently, I will probably mostly just have to use a BTC price alarm to alert me if BTC prices go below a certain point.




Update:

Bitreserve changed its name to Uphold, right while my 10 BTC was waiting transfer... so seemed to delay my receipt of those funds...

In the end I got the funds, and I have been using the Uphold account for trading BTC for free.  It seems to work pretty well, even though currently my trading amount has been relatively small amounts.  I will increase my amounts as BTC prices go up, assuming that BTC prices will continue to go up in the coming months. 



1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
JayJuanGee (OP)
Legendary
*
Offline Offline

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
July 30, 2016, 02:32:35 AM
 #18

It looks like I got about 10 months of decent BTC/USD free trading on Uphold, but now they are changing their fees.. actually increasing their BTC/USD trading fees from 0% to .45%, beginning August 1... in a couple of days.


https://uphold.com/en/blog/posts/uphold/uphold-introduces-new-pricing-structure


All good things must come to an end?


Take advantage of what you can while you can, because it may not be in the future?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
Agbe
Legendary
*
Offline Offline

Activity: 1064
Merit: 1356



View Profile
April 22, 2022, 10:29:22 PM
 #19


Anyone open an Open ledger account for the purpose of trading (mostly I am considering trading BTC and dollars)?

It appears that that the fees are going to be pretty low, no?




Open ledger account for trading and investing with dollar is not issue. But the Matter is how can you manage this accounts to make your profits. And I also do not think the fees will be low or will be equalized because because is decentralized Currency which USA government or any other authorities can control it to be equal with the fiat currencies. Therefore, bitcoin will beat fiat currency (dollar) always.



If I will advise, it is not good to keep your bitcoins for multiple accounts  because if you forget your passwords you will be in serious danger.  Having one account for bitcoin is good as multiple if it is not better of. The total amount that can be gotten from the varieties of wallet or accounts can be gotten from one account. Example: if I have 20 BTC and I keep it in my wallet, when Bitcoin raise up I can sell it to gain profit.

.
.Duelbits.
█▀▀▀▀▀











█▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAMES!
.
..DICE...
███████████████████████████████
███▀▀                     ▀▀███
███    ▄▄▄▄         ▄▄▄▄    ███
███   ██████       ██████   ███
███   ▀████▀       ▀████▀   ███
███                         ███
███                         ███
███                         ███
███   ▄████▄       ▄████▄   ███
███   ██████       ██████   ███
███    ▀▀▀▀         ▀▀▀▀    ███
███▄▄                     ▄▄███
███████████████████████████████
.
.MINES.
███████████████████████████████
████████████████████████▄▀▄████
██████████████▀▄▄▄▀█████▄▀▄████
████████████▀ █████▄▀████ █████
██████████      █████▄▀▀▄██████
███████▀          ▀████████████
█████▀              ▀██████████
█████                ██████████
████▌                ▐█████████
█████                ██████████
██████▄            ▄███████████
████████▄▄      ▄▄█████████████
███████████████████████████████
.
.PLINKO.
███████████████████████████████
█████████▀▀▀       ▀▀▀█████████
██████▀  ▄▄███ ███      ▀██████
█████  ▄▀▀                █████
████  ▀                    ████
███                         ███
███                         ███
███                         ███
████                       ████
█████                     █████
██████▄                 ▄██████
█████████▄▄▄       ▄▄▄█████████
███████████████████████████████
10,000x
MULTIPLIER
NEARLY UP TO
.50%. REWARDS
▀▀▀▀▀█











▄▄▄▄▄█
AVE5
Full Member
***
Offline Offline

Activity: 350
Merit: 128



View Profile
May 19, 2024, 09:33:41 AM
 #20

Why do you need this again  Huh

he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion

No I don't think so, JJG maybe sceptical to minimize his assets and trading transaction taxations or fees. He's also obliged to have spread wings on diverses of decentralized storage networks where his bitcoins are storedd. So he needed a recording facility to enable him have his different portfolios being trapped in a particular or single network While taking adequate assurance of his assets being self custodial.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!