Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[adnanabbas]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

[freethink2013]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity.

which exchange are you going for?

[adnanabbas]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity

Yes of course, whats this "Filling bids" all about. *getting ready to get beaten up*

[adamstgBit]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity

Yes of course, whats this "Filling bids" all about. *getting ready to get beaten up*

http://www.youtube.com/watch?v=POHnA1hDbew

this is for virtex but its more or less the same everywhere

[kurious]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

If only it were quite so easy!

Basically that is it, yes - but watch out for delays, lack of confirmation and difficulty in getting money out.

Also any exchange can (potentially) lock up your money or even disappear, so try to keep large amounts 'off-exchange' in a wallet, or at least spread it around a couple of exchanges.

No one will go to prison for stealing your money or losing it, remember that.

Stamp is pretty good and well run and you can get money out reasonably easily (in Europe) Gox is hell, BTC-e is OK.

Make your choice, you will pretty much need to stay there - everyone has a 'home' exchange.

[adnanabbas]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity.

which exchange are you going for?

Kraken

[kurious]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity.

which exchange are you going for?

Kraken

Not as big (and therefore liquid) as the big three....   But I have not heard horror stories - google 'kraken problems' and see what comes up.

Always wise to research before you trust money to an exchange.

[adamstgBit]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity.

which exchange are you going for?

Kraken

what is Kraken?

you must be holding some really funny fiat

[simonk83]

MACD and EMA crossovers all over the place! gox 1 hr. has crossed and the 2hr/4hr MACD's have crossed on most exchanges
smell u later bulls

choo choo boo hoo!

Keep wasting your time with that nonsense, see where it gets you.

[adnanabbas]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity.

which exchange are you going for?

Kraken

what is Kraken?

you must be holding some really funny fiat

https://www.kraken.com/

[freethink2013]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

you'll also have to verify your identity

Yes of course, whats this "Filling bids" all about. *getting ready to get beaten up*

a filled bid is just a bid that's been fulfilled. like if you bid at 800 for 1btc and that transaction happened then that bid would be considered filled.

the big thing you want to make sure is that you don't just deposit x amount and click buy because then you'll buy at the highest price. It's easier but it's more expensive generally. To get more bang for you buck you need to put in bids below the current price. For instance, if you had clicked buy earlier today 1 bitcoin would've cost you 830 or so but if you'd put in bids you could've got 1 bitcoin for 768.

It's not an exact science and I think anything under 1000 is good value but with a bit of examination of the trends you can get more bitcoin for your money.

Good luck

[molecular]

what would I do if I wanted to buy huge amount of Bitcoin:

what would I do: buy almost all of it off exchange, use rest to ignite rocket

[kurious]

what would I do if I wanted to buy huge amount of Bitcoin:

what would I do: buy almost all of it off exchange, use rest to ignite rocket

+1

[molecular]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

no, you forgot the all-important last step:

Withdraw coins and put in safe place

[adnanabbas]

Complete n00b question. I have not bought or traded on a Exchange before. Is it true in me thinking,

Join exchange
Deposit money
Buy coins

no, you forgot the all-important last step:

Withdraw coins and put in safe place

If i was to cold store the coins, is there a fee to put it back on the exchange

[freethink2013]

they all have different fees.

[adnanabbas]

they all have different fees.

I really hope Kraken dont screw me over

[manfred]

they all have different fees.

I really hope Kraken dont screw me over

Kraken is a relative new exchange based in San Francisco and using the bitcoin friendly german bank Fidor

[ChartBuddy]

[adnanabbas]

they all have different fees.

I really hope Kraken dont screw me over

Kraken is a relative new exchange based in San Francisco and using the bitcoin friendly german bank Fidor

The German bank is for EUR's, I am sending USD, so its Hanmi Bank