Bitcoins - digital currency - Page 857 - Business, Finances and Investing Forum

Before the mayweather fight I sent exactly 3k worth of eth to shapeshift and got only $2945 worth of Btc in my Btc wallet and there were no major changes in the price during the trx. So about 2% fee it seems but it adds up a lot if you do a lot of big transactions.

If you trade on gdax using limit buy/sell orders you pay zero fee. That's what I have been doing recently.

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09-07-2017 , 06:10 PM

#21402

PaulyJames200x

Pooh-Bah

Join Date: Aug 2014 Posts: 4,027

Hi there. Thanks for that information. Yes i did a few transfers on shapeshift and recalled few were around 2 to 2.5 percent. Im not sure exactly if i ever had a transaction that was 5 percent but maybe that was because i had to do multiple ones etc. But yea 2 percent adds up a lot if you are doing big transactions.

Is gdax better than bittrex? So fees there are less?

Also would be great if anyone that trades coins daily as a day trader could explain the if there are capital gains or not from coin to coin. And how do you even calculate it since its all in btc the profit if there is profit.

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09-07-2017 , 06:13 PM

#21403

bucktotal

old hand

Join Date: May 2006 Posts: 1,667

https://en.wikipedia.org/wiki/Like-kind_exchange

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09-08-2017 , 02:08 AM

#21404

jonnyman34

adept

Join Date: Nov 2010 Posts: 880

Just used my Nano S for the first time in awhile and noticed there's now two options: legacy and segwit. Should I move my legacy coins over to segwit? What's the main chain now?

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09-08-2017 , 02:55 AM

#21405

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by jonnyman34

Just used my Nano S for the first time in awhile and noticed there's now two options: legacy and segwit. Should I move my legacy coins over to segwit? What's the main chain now?

Yes you should. Fees are very low now, and transaction will be cheaper for you further on, from a segwit wallet.
If you haven't split your coins to claim you bcash yet, you should do that also.

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09-08-2017 , 03:05 AM

#21406

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

if its not broke- dont fix it.

I would keep the 1xxxx addys as legacy and move whatever % you envision needing to immediately transact into a segwit address.

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09-08-2017 , 02:40 PM

#21407

Two SHAE

Decentralized Financier

Join Date: Aug 2012 Posts: 2,242

Quote:

Originally Posted by PaulyJames200x

Quote:

Originally Posted by bucktotal

https://en.wikipedia.org/wiki/Like-kind_exchange

Not a lawyer/accountant so do not take this as advice.

it's hard to say if coin to coin can/should be considered a like-kind exchange

I think there is more of a case for like eth <--> erc20 than for say btc <--> bch. The latter is more analogous to swapping gold for silver which is not a like-kind exchange.

Anyway, China?

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09-08-2017 , 09:05 PM

#21408

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Yeah wtf is going on in China. Seems like they banned trading cryptos then not really?

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09-08-2017 , 09:20 PM

#21409

lvBlitzforce

old hand

Join Date: May 2014 Posts: 1,202

Total noob question regarding using gdax from coinbase to not pay more fees.

If I put money on coinbase through a separate money wallet and then want to transfer to gdax to buy/sell will that save me the higher prices for buying bitcoin, ether, etc?

I already have BTC, Ether, and LTC but all have been purchased directly through coinbase for higher than what their value/being traded for and its getting pretty annoying, any help thanks!

Also why am I seeing GDAX prices on BTC and ETH way higher than say a place like Poloniex?

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09-08-2017 , 09:30 PM

#21410

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,141

My friend just texted me mentioning that he's got 2 new mining rigs said to arrive that will produce 106k usd each per year at current bitcoin prices. Is that actually how profitable these are now?

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09-08-2017 , 09:44 PM

#21411

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Get ready

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09-08-2017 , 09:51 PM

#21412

matt0216

grinder

Join Date: Jun 2010 Posts: 421

Quote:

Originally Posted by Go Get It

Yeah wtf is going on in China. Seems like they banned trading cryptos then not really?

Seems like a legit ban on ICO trading. I'm sure more details will come out next week.

Quote:

Originally Posted by lvBlitzforce

You can transfer from your Coinbase USD wallet to GDAX and save on the fees, yes.

The prices on poloniex differ because they don't have usd deposits/withdrawals. Exchanges start to drift apart on days with high volatility because it's not always easy for people to arbitrage and keep them close.

Quote:

Originally Posted by rafiki

My friend just texted me mentioning that he's got 2 new mining rigs said to arrive that will produce 106k usd each per year at current bitcoin prices. Is that actually how profitable these are now?

I doubt he knows what he's doing, but it depends on what he means by "2 mining rigs." He won't be profiting 100k+ without investing a significant amount of money upfront and making sure his electricity costs are low enough for it to be worthwhile.

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09-08-2017 , 10:20 PM

#21413

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,141

He called them Dashcoin miners, 4 of them. I guess something like these: https://mineshop.eu/dash-coin-miners

He's not new to mining, but these are new models to him. That said he's for sure not the most financially savvy mind in the world. That said the deal he has on his electricity is most likely unlimited, lol. Lease terms for his data centre.

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09-08-2017 , 11:08 PM

#21414

matt0216

grinder

Join Date: Jun 2010 Posts: 421

Maybe he's talking about the antminer D3's for dash. I don't really know, but there's no way Bitmain is selling miners that profitable without something else in the works.

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09-08-2017 , 11:22 PM

#21415

Max Cut

Guest

Posts: n/a

A5 DashMaster from Innosilicon *advertised* at 30.2GH for 750W. Looks like $10-$20k to get one. Buyer beware, obv.

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09-09-2017 , 12:24 AM

#21416

p2 dog, p2

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 7,536

pretty sure if it was that easy 50% of 2p2ers would be mining and not doing ICM calc's. he's not the most "financially savvy" but will be raining 100k while walking in the rain, I still got some bridges for sale in Idaho

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09-09-2017 , 12:28 AM

#21417

HawkFanIA

Carpal \'Tunnel

Join Date: May 2008 Posts: 6,115

Quote:

Originally Posted by matt0216

Seems like a legit ban on ICO trading. I'm sure more details will come out next week.

Some of the info out last week alluded to it being more than just ICOs. A lot of talk of it being an all out exchange ban in China. Reports coming out now small platforms in China have stopped accepting deposits in CNY. There is a TON of misinformation going around right now. No possible way to tell what's what at this point

What is known is that someone cashed out 20,000 bitcoins today (90 million ish at the time) near the beginning of the drop. Speculation that it could be an exchange getting out? Who knows. Another opportunity to buy imo

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09-09-2017 , 04:51 PM

#21418

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

Whats the best way to get started in learning to interpret something like this?

https://cryptowat.ch/gemini/ethusd/12h

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09-09-2017 , 06:05 PM

#21419

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

You're looking at a price chart. I presume what you're really asking is how to interpret technical analysis regarding candle sticks. There are tons of resources on that.

My suggestion is don't. Unless you have an edge (programming, statistics, science, math) you're trying a fool's errand

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09-10-2017 , 01:59 AM

#21420

heltok

old hand

Join Date: May 2012 Posts: 1,695

Quote:

Originally Posted by imjosh

Whats the best way to get started in learning to interpret something like this?

https://cryptowat.ch/gemini/ethusd/12h

https://en.wikipedia.org/wiki/Fooled_by_Randomness
https://en.wikipedia.org/wiki/A_Rand...wn_Wall_Street

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09-10-2017 , 11:15 PM

#21421

p2 dog, p2

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 7,536

Quote:

Originally Posted by imjosh

Whats the best way to get started in learning to interpret something like this?

https://cryptowat.ch/gemini/ethusd/12h

those pictures right there is the number #1 reason the thought of being a stock trader/day trader/crypto trader is a displeasing one.

If it is truly looking at that chart, dissecting information and then moving forward/processing that information, ugh **** that.

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09-11-2017 , 12:03 AM

#21422

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by aggo

Get ready

https://www.wsj.com/articles/china-t...ces-1505100862

Very happy about this

Quote

09-11-2017 , 12:09 AM

#21423

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

This doesn't look like any new information other than what's already been out for the last couple of days - or am I missing something?

Quote

09-11-2017 , 01:08 AM

#21424

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

Quote:

Originally Posted by p2 dog, p2

the market moving 5-10% over a WSJ article that rehashed news from 2 days ago makes me consider it. ****s crazy. If Bitcoin actually is banned, what do you think the bottom is? When alcohol was banned in the US holding alcohol was still pretty lucrative AFAIK.

Last edited by beansroast01; 09-11-2017 at 01:14 AM.

Quote

09-11-2017 , 01:10 AM

#21425

p2 dog, p2

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 7,536

couldn't u just realize the article was published and act accordingly off the news and not a chart?

Edit: I'd rather hear some news then look at some charts

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