Discussion in 'Finance, Investing & Careers' started by Lex Lucas, May 29, 2017.
Anyone own or trade any?
Not me, but a guy I work with mines bitcoin. I've been trying to bring myself up to speed on it, but at this point I don't see a mainstream use for them. I wish there was a way I could short to market.
Ethereum seems better than bitcoin because its more than just a currency. It's is an application with many uses and has smart contracts, there are a few corporations backing it. I've been reading up on it and doing some trading over the last few weeks.
JP Morgan is on board with (quorum) Ethereum. One of my potential JV partners is heavy into crypto currency, I am trying to pick his brain. They took a massive jump in the last month.
What program are you using to trade?
Have Bitcoin. Am making huge gains. Going to buy Ether next. I think there are some major unknowns with these currencies but given the prediction of a $500k bitcoin by 2030 I will invest until I own one full coin and then just hold it for the long term.
I've tried a few different exchanges and found Quadriga to be fastest with best fees.
Huge upside potential, hence why I think it is worth the risk.
I read an article that said by 2027, 10% of the global GDP could be on blockchain.
what's it cost to buy a bitcoin now? 2K ?
About $3k CAD
obviously you can buy them pieces at a time?
How long did it take you to set up, after you sent in the ID for verification.
I did both. Equifax (was instant) and allowed me to start funding my account, but with a limit. ID verification took like 3 days I think.
I am not sure why but TD access cards with Visa and interact on them will not work, only allows for 13 digit card entry on their site. I used equifax as well, but did the other verification because the interact was limited to $200 a day.
I had the same issue with TD VISA debit cards. That is all TD issues for personal accounts and called to check that with them. I had to use a different account to transfer funds through
Ok, thanks for the heads up, I might just do a draft
I use Quadrigacx as well. I've only kept a little BTC in it at any time, and recently pulled it all back to a few hundred in profit. For a while my BTC was less than the purchase price, so it was good just to sit on.
I just bought 2k worth of Ethereum through Quadriga. It's going to be fun watching it over the next little bit, but the plan is to just sit on it for quite awhile.
Ugggh, SMH. I just went to see about picking up a bit of BTC. It's up to $3k a coin now. I jumped at 2/3rds that.
edit - Just looked, it was up to 4.1k CAD a coin earlier in the month. I guess I'll hold out until the next dip. It hit a low of 2.3 after that one.