/biz/ - Business & Finance

>>5307980
No, I sold this piece of shit. I'd rather try my luck with the alts instead of having the funds frozen for an unlikely 10% swing

>>5307980
More interested in the BTC dip to be honest

LTC is where it was a week ago

Is this some trying to instigate FOMO? Will 300 usd really be the new low?

Charlie Lee fucked everyone over. I rate his con 10/10 but he is still a big cock imo.

The creator of the coin cashed out. What's the point

I'm comfy af since I mined my shitecoins in 2014. The cards went into gaming rigs and the heat kept my house warm in winter, so it's literally free money. With that said, I'm going to hold out to see what happens next year, hoping for a big normie influx. If you bought at ATH, you're probably fucked, cause I'm always wrong.

>>5308141
The point is 1500 USD EOY

>>5308306
whalebrah check

>>5308306
You do know EOY is in 10 days right?

I bought £300 it's now worth £250.

I expect by the end of the year it will be worth £42.

Oh well lesson learnt.

I'm a poorfag with only like $500 in crypto, 40% of that is in LTC. I'm contemplating exchanging my LTC for BTC how much more can we expect BTC to dip?

Yes, feed, my children. Eat of the bags of the weak hands! We swim to $1500 on the eve of the new year!

I'm happy I sold LTC for some Ripple a few days ago.

How fucked am I? Do I sell for a loss? Bought at $340

>>5308467
stupid idea. All in on litecoin, or go broke. I've been hodling my shit 5 years.

just scooped again at 301 buddies

probably sell before 315 again tbqh just like I did yesterday

>>5308467
BTC is a joke

>>5308506
it has been prophesied

>>5307980
Charlie Lee is faggot. I'm hodling, it's either all or nothing at this point.

90% of biz hates it...

Time to buy.

>>5308306
so the creator sold ALL his coin so we could have more gainz yeah right

>>5308862
It's going to be worth 0 very soon. I hope you guys didn't lose to much

>>5308932
by sold his coins you mean gave them to the litecoin foundation

>>5308977
even so why wouldnt he keep at least 50% not to scare people away from the coin

Tfw lifting and can not buy the obvious next asian pump

>>5309035
who cares
satoshi has been dead for years (probably)
bitcoin is still running and improving

its a decentralized system, thats the whole point

>>5309081
satoshi isn't telling everyone his creating in shit and sells it

anyone willing to answer some very basic questions i have?

>>5307980
Waiting for the dip to $0.

>>5308506
$5k by April. Screencap this shit bitches!

>>5308372
he didnt think that far past his post lmfao

9k Q3 2018, include me in the cap.

>>5309081
It's bad PR faggot

Speculation runs on confidence and optimism not fucking virtue signalling douchebag tweets

>>5308141
http://www.zerohedge.com/news/2017-12-21/why-charlie-lee-sold-his-litecoin

>>5309322

nice article thx for posting

Threw a few $$$ at the rumor because there would be nothing bigger than this

>>5309322
Irony of that article is ltc has dropped about 10% since it was published

>>5309529
Roger Ver's bitches are selling.

>>5309529
Not a lot of confidence in the crypto market in general rn. Buy the dip and get ready for a slingshot to uranus if this rumor is true.

As no one opted to let me ask them questions I will ask anyway and maybe they will get answered or maybe they will fill the void of space

I recently installed coin base and bought some LTC. Do I know have a digital wallet? I see people posting these long address but I only registered with my email address

How hard is it to make a crypto currency could one of you guys do it if you wanted to?

If coin base stop shopping LTC is there anyway for me to access my money

Thanks

>>5310089
Welcome to the internet

>>5310089
Go to the Accounts pane on Coinbase, that's where your wallets are. Click the Receive button, and it will give you the address to your wallet (a wallet is automatically generated for you when you buy a coin). Anyone can make their own crypto, but it will just be a waste of time unless you can find investors, you'll just be one of the millions of shit coins on near-defunct exchanges. Coinbase, if they stop hosting LTC (which I see no reason to believe), would announce it beforehand. You can also move the LTC to an exchange like bittrex or binance, or to a physical storage. Lurk moar before you buy anything else.

>>5307980
cheap, silver (not even gold like bitcoin), light (sounds no good)

t. normie

>>5310089
you have a wallet address for receiving funds
its not a *real* wallet since its going through coinbase, its actually their wallet.
on the coinbase dashboard you can go to Accounts, then on the LTC wallet section you will see Send and Receive buttons. if you click Receive you will see the current string for "your" wallet address to accept transfers

if you want a wallet that is actually yours instead of letting coinbase hold your LTC in theirs, you have to download a personal wallet, try litecoin.org for the official software. note, by putting funds into your personal wallet it is ON YOU to back up the wallet.dat file, encrypt it, not lose your private key, etc. There have been countless stories of people losing their funds because they lost their wallet.dat file, or they forgot their key, or they sent funds to the wrong address...

>>5310344
Thank you i appreciate the reply

>>5310408
Thanks i just tried and managed to get my wallet address, I feel rather accomplished having done so.

I probably won't do the latter part because it seems complicated, but if I moved my funds to my own wallet and then wanted to transfer it into cash would I have to put them back into coinbase?

I assume I can't buy and sell without coin base or a similar app?

>>5308275
How many Bitcoins did you mine?

>>5310691
>if I moved my funds to my own wallet and then wanted to transfer it into cash would I have to put them back into coinbase?
yes you have to sell them to someone for $
that is the purpose of an exchange

technically no you dont have to send them to coinbase, you could find a person in real life and agree to sell him litecoin, he gives you cash, you transfer LTC to his wallet
An exchange just facilitates this

>>5309529
How new are you? Everything dropped because of BTC

>>5310771
This is why Crypto-currency transactions cannot be tracked by the feds.

BAGS

The only dip im getting is Monero.

>>5310771
Thanks it makes much more sense now

This one is probably obvious but I'll ask anyway. Since I made my investment i keep opening coin base and checking the value which isn't good for my stress levels. If I just uninstall and at a later date install it, if I log in with my email and password they wouldn't have deleted my account or something like that would they?

>>5310894
there is nothing to uninstall
just leave the account alone and stop looking at it
yes it will still be there

>>5310831
Very new. Less than a week.

>>5310947
ah you mean the phone app or something
yeah you can uninstall that and your account will still exist lol

>>5310947
Thank you

>>5310894
If you don't constantly check the account, and i mean at least 1 time every 10 minutes, they shut It down and you loose Everything

>>5310970
Yeah that's what I meant just the coin base app

>>5311001
Can confirm this as true. Also it will close and they will take your coins if you do not have a bitfolio app installed and log into that at least every 29.02199348 minutes

300 is gone for good. Time to close up shop folks. Party's over.

>>5311053
Haha you guys are funny and great help
Thanks a bunch and I mean that sincerely to all who helped

>>5311095
Man down 800 that's 2 weeks of work.

>>5311095
lol lets see in an hour where it is

>>5310949
Welcome to crypto where if you are away from your computer in an exchange without no trailing stop loss you are fucked if BTC decides to dip. Also if it decides to moon you are fucked. Fuck this gay earth.

What wallet do you guys use?

It's a good job coin base didn't let me buy Bitcoin cash two days ago it's down 28%

I can understand why Litecoin is flipping because that Charlie buy has left but why is everything else dropping

>>5311519
Litecoin core. Every other wallet is a scam

Imagine litecoin replaces Bitcoin and Bcash. Is it even possible? Etherum has a better chance right?

>>5311095

welp didnt take an hour, only 10 minutes later back above 300

>>5310089
>>5310988
Just out of curiosity, how old are you?
And while you might not want to uninstall, putting some money in and just sitting on it is the best course of action.

>>5311663
Very possible. Charlie Lee signed an NDA and a deal to sell all his Litecoins. The lightcoin foundation will be acquired by Facebook in January. Even /mu/tards know this lad

>bought 2 LTC last night at @ 322
>said in a thread that if it drops below 300 im out
>hits 295, sell them
>instantly goes back above 300

fuck it dude

>>5307980
GUYS IM HODLING BUT IT HURTS SO MUCH
WHAT SHOULD I DO
FUCK

>>5311605
>>5311519
Is it bad to just use the Coinbase wallet? Sorry literally retarded.

I made a bunch on alts, xferred to LTC and now I have it back in my coinbase wallet.

>>5311663
It would be the moonshot to end all moonshots.

Past the moon, Mars, out in the Milky Way at around $30k per coin. A 100 times increase.

Charlie Lee would go down as the true bitcoin Jesus.

Roger Ver, bitcoin anti-christ.

>>5311813
That sucks bro. I bought at 316 and I'm holding.

I BOUGHT AT 350 AAHHHHHHHHHHH IT'LL NEVER GET THAT HIGH AGAIN REEEEEEEEEEEEEEE

>>5311772
>The lightcoin foundation will be acquired by Facebook in January
What's up with "decentralization" and "privacy"?
Facebook: Russia, Russia, Let's cut out Wikileaks LTC funding.

>>5311737
I'm 25
That's pretty much what I'm going to do I bought £300 when the price was $345 so I'm screwed anyway
I may as well see where we end up in a few months
But if it's $345 again i may withdraw half

>>5310746
It's a litecoin thread

>>5311813
gee who could have predicted it would pop right back up from going below 300

>>5311772
that facebook shit is fake news

>>5311816
Leave /biz, go to /pol and start shit-posting. Set notification for Charlie's tweet, and wait until it moon.

I bought at 375 because everyone was saying it was going to moon before the news came out.

Should I hodl is there any hope

>>5311939
Iron hands now

>>5308506
Ethereum will hit $1500 before Litecoin does. I wouldn't hold your breath for a new year's rocket flight.

>>5311973
since when is x2 grow better than x5?

>>5308535
No, just HODL, it will go back up it's just a matter of when and if you want my prediction $500 in early 2018

I've heard a few people say what if LTC replaces BTC

What does that even mean? Do you mean an actual replacement or do you just mean coin base would have LTC at the top of the list

>>5311829
Leaving coins on exchanges is frowned upon since the owners can just steal your coins and claim they were hacked, as has happened many times before. However, Coinbase is as safe as it gets amongst exchanges and I think it's also insured.
>>5311873
$1500 EOY dude. When chasing alpha, leave ideologies and philosophy outside the door

Litecoin will be resurrected from the dead after 3 days like Jesus to defeat BCash and restore prosperity to the crypto market. After 40 days it will sacrifice it/ plummeting to 0 so that other coins may moon. Cap this.

>>5311909
Look at this fagot. Fuck you man. Buy LTC

>>5312016
LTC was one of the first altcoins, alot of people always saw it as a backup to bitcoin cause back in 2009-2012 people did not understand bitcoin on a technical level yet, but LTC actually adopted alot of neat advancements BTC does not have

>>5311519
Exodus

>>5312012
What is Reality for $1000, Alex.

>>5312024
Coinbase is not insured, if they get hacked you may loose all your crypto and your USD balance as it's also not insured, it is not required to be insured, the only way you would get anything back is if coinbase kept records and decided to repay it out of reputation but that would not happen

>>5312012
>since when is x2 grow better than x5?
Implying it will grow indefinitely :'D

>>5311829
no one's gonna care about the mommy's allowance-tier amount you have in your coinbase wallet. Only transfer when you have a sizable amount.

>>5312091
They can steal your coins if they go rogue. Those remote node cloud backuped wallets aren't safe

>>5312024
Your crypto isn't insured by the FDIC. Your balance of dollars is what is insured by the FDIC as long as it is kept in an FDIC insured account.

>>5312024
>>5312109
It is fully insured
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

>>5312109
>Another fagot thinking he knows shit
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

>>5312123
Talk to me when you're paying $1,000s+ in fees a month to exchanges, the guy asked a question

>>5312143
Is it though? They are not required to be FDIC insured for their USD wallets and I never saw that on their website before, if so then wow

>>5312109

coinbase is FDIC insured for USD that they are holding
just like a bank

the coins on the exchange are insured up to a certain point, and its not that high. i think like 10% or something

also nice id

>>5312076
Thanks
As long as there is a glimmer of hope

>>5311830
charlie bitcoin jesus. MEME IT!

Are people here talking shit about a CB coin that was $100 two weeks ago?

>>5312143
>"All digital currency is fully insured...."
Anons...I
Do you just repeat things you see on the internet without researching or are you retarded. This was the case months ago but not anymore

>>5312159
Both crypto and USD very interesting stuff, they mention their "insurance company" I wonder how much that costs em

>>5312163
>implying I would touch coinbase
What did you hop on board the 2017 hype train? Get the fuck off coinbase.

>>5312170
Hm their description makes it seem like tis all covered, but that is interesting never seen an exchange have that for crypto, it's like you would expect something to go wrong there

>>5312173
I'm dumping a few thousand on it this weekend at whatever the price happens to be and plan on just holding onto it and using it

>>5312237
You posted the link where it says that here >>5312163

>>5312276
Who said you were on Coinbase? 0 reading comprehension anon. Take more English classes

Is there any online retailers which actually accept Litecoin it will be nice to make my first transfer

>>5312406
https://litecoin-foundation.org/businesses/

>>5312163
You implied I would know my shit about coinbase, implying I would use or be educated about coinbase. When I would never touch that dogshit of a bank.

>>5312336
Reading comprehension? You provided the source for someone quote and then called them a retard for not researching it

Lol go back to /b/, you jumped on the 2017 hype train, now get off

>>5312406
litecoin.com/services

>>5312406
Don't spend it. We are all filthy speculators here. These assets all have huge upside potential, hold onto them and sell them off to the next suckers
>>5312477
Not falling for your bait. And PS I've been here since ETH was $3. Guess how much experience I have and how much I've made kid

>>5312276
What is your preferred alternative to Coinbase? I agree that it's a normie shithole designed to rip off crypto newbies, but I was only in it to transfer my gains to my bank. I'm actually currently in the process of sending all my ETH and LTC to Binance while waiting for Gemini confirmation, but I'm kind of forced to keep my BTC on Coinbase given the fact that they want to charge me more in transaction fees than the remaining BTC would be worth.

>>5312579
Stay in GDAX

I can't believe anyone would still hold LTC when Lee sold his stack.

>>5312624
You don't know Lee.

>>5312579
coinbase has free transactions now...

>>5312624
You have to believe, i'm One of them, big news coming!

So theoretically one needs to amass a large social media following and then make them buy Litecoin

Which pushes up the price right?

King BTC is so proud of his chosen son. We shall have a mighty feast in his honor! As soon as we tend to the kingdoms current, ahem, financial situation.

>>5312805
ah yes welcome to the ponzi scheme

>>5312805
Buy and don't sell

>>5312843
Lol I'm shocked i just defined that and it has an actual name of the exact method

Fueling up before liftoff

>>5312681
Coinbase hit the last straw with me not because of the whole Bitcoin Cash fiasco like the plebbit crybabies, but because their customer support is nonexistent and they locked me out of trying to link my own debit card (even though the bank account that the debit card is connected to is already confirmed and verified). Then when I try to go over to GDAX, it gives me verification errors even though I'm verified on Coinbase and using the same credentials.

>>5312971
yeah that is very true
their customer support is garbage

i know someone who has been trying for 2 weeks to get on GDAX even though their coinbase account is already verified and all that

>>5312971
They do seem shit when I was signing up i had to send my is 3x before it got approved
I also read online that sometimes they ask you for another ID photo - if they ask me I'm screwed because I don't look like the photo in my passport anymore

>>5311559
Cryptocurrency is a very volatile market, these dips are nothing new. Bitcoin has gone from $14-16K down to $13-8K in a single day. The best thing to do at the moment is hold onto it.

Charlie Lee founded Litecoin, and sold his share to avoid accusations of insider trading and self profiting. There are some rumors about a partnership with Facebook though.

http://www.zerohedge.com/news/2017-12-21/why-charlie-lee-sold-his-litecoin

>>5313051
My ID*

>>5307980
>he thinks 300 is the bottom
There were billions more bags dropped this week newfriend I don't think you have a fucking clue. LTC is kill.

>>5312971
>>5313018
>>5313051
It's because of a large influx of new customers. All exchanges are slow at the moment

>>5313062
That's what I'm going to do, id rather lose it all than have already lost what I lost

It's ride or die time lol

>>5313018
The most annoying part for me atleast is that I actually had the debit card linked and they decided to remove it because they "no longer support" it. This, of course, was during the shit mess that was adding Bitcoin Cash to Coinbase, so I'm sure that plays a part in it, but it is frustrating that they tell me to contact support when there are countless posts across the internet about how people have been waiting for customer support to respond to their issues for weeks, and even months for some. This is not the type of company I want to deal with when I'm involving my money. If shit goes south, Coinbase has proven that they could not care less. Sure they can verify my ass within a day when it comes down to spending my money on their services but are easily quiet for days when an issue arises.

>>5313187
Coinbase and GDAX are the best places for a beginner. Don't jump onto other exchanges yet it's scam fest over there. If this BCH fiasco happened on another exchange, they wouldn't have halted trading and many people would have lost millions

>>5312971
I had the same thing with Coinbase/GDAX.

I thought "sweet", just link my account (success!). However when I would login to GDAX it was this non descript error. After some searching it boiled down to living in a state where they don't have a license (MN) yet. So I went with Kraken. Recently signed up for Binance to play with some altcoins.

https://support.gdax.com/customer/en/portal/articles/2425188-which-countries-and-states-can-access-gdax-
>US states not yet supported by GDAX include: Wyoming, Hawaii, and Minnesota.

THE SON OF BTC GO OFF THE CHART A KING HE SOON WILL BE MADE

THE SILVER COAT HE HAD GIRDED ON; MADE FOR CURRENCY AND TRADE