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Author Topic: Questions on Selling  (Read 455 times)
BittBurger (OP)
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November 18, 2013, 06:29:26 PM
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Its a total bummer to see my portfolio $ amount based on Gox then have to log into Coinbase and see it like 30% less.

Is that just the nature of the beast ?   What a huge loss to take ...............!

Also, does Coinbase have sell limits?  Can only sell 50 BTC per day or something?

Is it really as simple as pressing the sell button and waiting for the deposit into your bank account?

I feel like I know absolutely nothing about this part of the process.  I have only bought in.

Surely there are things to consider when the dollar values are monstrously huge?

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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November 18, 2013, 06:38:50 PM
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where did you buy in? At Gox? If yes, then you paid like 30% more in the first place. If no, then you paid 30% less, so it equals out.

either way, it seems difficult that you would not have made a profit by now, so be happy. :-)


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November 18, 2013, 06:39:13 PM
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as for your other questions, just read their FAQ at coinbase to see how they work. :-)

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November 18, 2013, 07:19:30 PM
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I love Coinbase.. press sell and a few days later it's in my bank account.

It's well known that MTGX is far above the other exchange sites, I only use it for certain trading. Coinbase appears to be very close to BTCE.

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