What are y'all thinking of ADA and XLM? Also, which digital wallet do you think is best?
Crypto-trading thread
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Last: 1 day ago by Stat Monitor Repairman
jagvocate said:
https://oilmanmagazine.com/how-and-why-natural-gas-flaring-is-being-used-to-mine-bitcoin/
"COULD BITCOIN MINING BE THE SOLUTION TO THE OIL AND GAS SECTOR'S NATURAL GAS FLARING DILEMMA?"
This article is dated and some poster on this thread started a company doing precisely that. We considered entering that space in west texas with WAHA being so brutal but ultimately decided against it.
Comeby! said:jagvocate said:
https://oilmanmagazine.com/how-and-why-natural-gas-flaring-is-being-used-to-mine-bitcoin/
"COULD BITCOIN MINING BE THE SOLUTION TO THE OIL AND GAS SECTOR'S NATURAL GAS FLARING DILEMMA?"
This article is dated and some poster on this thread started a company doing precisely that. We considered entering that space in west texas with WAHA being so brutal but ultimately decided against it.
It's not THAT old. And if you are a company with hundreds of your own wells, the economics look different.
what is WAHA? that's a term I've never heard.
MR Gadsden said:
what is WAHA? that's a term I've never heard.
West TX Nat Gas
This isn't about buying gas on the market. It's about not wasting flare gas, and instead using it to mine Bitcoin.
Bitcoin was around $54k to $55k most of the day and now shot up to $57k.
Yes it did. I hope my trade pans out!
Yes I understand that. I hadn't heard the term WAHA to describe Nat gas. I'm out here in the middle of it in Midland and have been watching these types of stories with interest.
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
None of the exchanges perform all things well. But some perform differently for different reasons. Lotta competition out there.
***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services
Step 3: property found
Step 4: set date
Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience
Step 6: long-term planning
I am amped.
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services
Step 3: property found
Step 4: set date
Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience
Step 6: long-term planning
I am amped.
XXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
Is there risk in just keeping it in Coinbase instead of moving to wallet? What is the advantage of a wallet? I'm new to this.
Just wire transfer it thenXXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
Not really. People keep hundreds of millions of dollars on there.SidetrackAg said:XXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
Is there risk in just keeping it in Coinbase instead of moving to wallet? What is the advantage of a wallet? I'm new to this.
I wish GameStop would get into the local crypto transaction business.
TxAG#2011 said:Just wire transfer it thenXXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
What? You cannot wire transfer bitcoin. When I bought bitcoin it said I cannot send the bitcoin anywhere else for a week.
Does anyone use Blockfolio? Barstool has started advertising it so I was going to start using it. Up to this point, I've only bought bitcoin in order to deposit into online gambling accounts, but I'm going to start investing a little in bitcoin. I've only used coinbase previously.
An advantage of a wallet is that you own your private keys. It may or may not be more secure depending on the type of wallet. Hardware wallets = good security. Software wallets = as good or better security that your online banking app or website. So, if you're comfortable with online banking, you should probably be comfortable with wallets.SidetrackAg said:XXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
Is there risk in just keeping it in Coinbase instead of moving to wallet? What is the advantage of a wallet? I'm new to this.
Another advantage is you can use your wallet to interact with different types of yield bearing sites/apps.
You wire transfer USD and you can transfer Btc immediately.XXXVII said:TxAG#2011 said:Just wire transfer it thenXXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
What? You cannot wire transfer bitcoin. When I bought bitcoin it said I cannot send the bitcoin anywhere else for a week.
You can't send Bitcoin after a bank transfer because there's a settlement period. Coinbase would have no recourse if a party send Bitcoin off exchange and then disputes the settlement.
CinchAG97 said:An advantage of a wallet is that you own your private keys. It may or may not be more secure depending on the type of wallet. Hardware wallets = good security. Software wallets = as good or better security that your online banking app or website. So, if you're comfortable with online banking, you should probably be comfortable with wallets.SidetrackAg said:XXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
Is there risk in just keeping it in Coinbase instead of moving to wallet? What is the advantage of a wallet? I'm new to this.
Another advantage is you can use your wallet to interact with different types of yield bearing sites/apps.
Oh ok. That makes sense. So a wallet is completely different than an exchange like Coinbase. Thank you.
TxAG#2011 said:You wire transfer USD and you can transfer Btc immediately.XXXVII said:TxAG#2011 said:Just wire transfer it thenXXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
What? You cannot wire transfer bitcoin. When I bought bitcoin it said I cannot send the bitcoin anywhere else for a week.
You can't send Bitcoin after a bank transfer because there's a settlement period. Coinbase would have no recourse if a party send Bitcoin off exchange and then disputes the settlement.
Oh ok, well the other day I transferred USD to coinbase just to test it out and that was taken out of my bank in one business day, so maybe I will not have to wait the full week?
CinchAG97 said:An advantage of a wallet is that you own your private keys. It may or may not be more secure depending on the type of wallet. Hardware wallets = good security. Software wallets = as good or better security that your online banking app or website. So, if you're comfortable with online banking, you should probably be comfortable with wallets.SidetrackAg said:XXXVII said:
I'm a little annoyed that coinbase makes you hold your bitcoin on their exchange for a week before you can transfer it to a hardware wallet. Now I don't want to buy large amounts at once due to the risk of keeping it on coinbase for a week, but at the same time, the price of bitcoin could rapidly go up in a week.
Is there risk in just keeping it in Coinbase instead of moving to wallet? What is the advantage of a wallet? I'm new to this.
Another advantage is you can use your wallet to interact with different types of yield bearing sites/apps.
An important note is that in online banks your USD is FDIC insured, but bitcoin in an exhange, software wallet, or a hardware wallet is not FDIC insured. So I wouldn't feel more comfortable keeping bitcoin in a software wallet like I would with online banking.
Gemini has a 5 day settlement period as well. It's annoying but I understand why they do it.
I'm surprised no one has commented on ADAs tear over the last 24hrs...
NTXAg10 said:
I'm surprised no one has commented on ADAs tear over the last 24hrs...
THE FIRST RULE OF FIGHT CLUB!!!!'
NTXAg10 said:
I'm surprised no one has commented on ADAs tear over the last 24hrs...
Could probably go up more this weekend with Hoskinson speaking at Blockchain Africa
Surely this has helped a little too:
https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778
https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778
Shaggie 05 said:
Surely this has helped a little too:
https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778
Almost .20 instantly
NTXAg10 said:
I'm surprised no one has commented on ADAs tear over the last 24hrs...
I asked about that at the top of the page! From my understanding it will be tradable through Coinbase Pro, but not regular coinbase?
What's the difference?
mrmill3218 said:
What's the difference?
Nothing except Coinbase has far higher fees than pro.
Who actually uses Coinbase?
mrmill3218 said:
What's the difference?
I'm not real sure. I've read that Pro is more "advanced" and doesn't have as high of take on trades. I'm just starting, so that is just my understanding.
AgPrognosticator said:mrmill3218 said:
What's the difference?
Nothing except Coinbase has far higher fees than pro.
Who actually uses Coinbase?
What would you suggest using?
AgPrognosticator said:mrmill3218 said:
What's the difference?
Nothing except Coinbase has far higher fees than pro.
Who actually uses Coinbase?
I do. But I just buy $1k every few weeks.
SidetrackAg said:AgPrognosticator said:mrmill3218 said:
What's the difference?
Nothing except Coinbase has far higher fees than pro.
Who actually uses Coinbase?
What would you suggest using?
Coinbase Pro. Low fees and high reliability. This is assuming you intend to report your ownership to the IRS, of course.
AgPrognosticator said:SidetrackAg said:AgPrognosticator said:mrmill3218 said:
What's the difference?
Nothing except Coinbase has far higher fees than pro.
Who actually uses Coinbase?
What would you suggest using?
Coinbase Pro. Low fees and high reliability. This is assuming you intend to report your ownership to the IRS, of course.
Did you have to give them a pic of your License to verify?
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