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Bitcoin crash coming (32 Viewers)

Question for you savvy fellas: I have a blockchain account I use to fund my bovada account. A little run-good lately, so I agreed to fund my son's college down payment with winnings. I successfully transferred $500 from bovada to blockchain using BCH, but now can't seem to get this into my bank account, or any way into USD. @JustDave you said easy as paypal....what am I missing?

The good news is that since I havent been able to move it, it is now $575. So I have more value that I can't use.
 
In case anyone's still interested, the $60 I put in Crypto on 11th Jan is now:

1618332944666.png
 
grebe said:
Question for you savvy fellas: I have a blockchain account I use to fund my bovada account. A little run-good lately, so I agreed to fund my son's college down payment with winnings. I successfully transferred $500 from bovada to blockchain using BCH, but now can't seem to get this into my bank account, or any way into USD. @JustDave you said easy as paypal....what am I missing?

The good news is that since I havent been able to move it, it is now $575. So I have more value that I can't use.
Click to expand...
I know coinbase allows all usa customers and all usa bank transfers. They are in San Fran. Start a pro account there. Transfer bitcoin. Deposit to bank.
 
you need to open up an account on a exchange then transfer to that account then transfer (payout) to fiat. binance, coinbase are a few i dont recommend any of them as i dont use them and can not give an opionion. THe only thing i know is i did checkout coinbase's reddit because i am interested in buying in their IPO, and their reddit page is filled with people who can not pull out any money as their account is frozen.
 
tootsmagoots said:
you need to open up an account on a exchange then transfer to that account then transfer (payout) to fiat. binance, coinbase are a few i dont recommend any of them as i dont use them and can not give an opionion. THe only thing i know is i did checkout coinbase's reddit because i am interested in buying in their IPO, and their reddit page is filled with people who can not pull out any money as their account is frozen.
Click to expand...
Go with coinbase pro to start. They are slow at customer service but deff solid. We can change exchanges later. =)
 
tootsmagoots said:
you need to open up an account on a exchange then transfer to that account then transfer (payout) to fiat. binance, coinbase are a few i dont recommend any of them as i dont use them and can not give an opionion. THe only thing i know is i did checkout coinbase's reddit because i am interested in buying in their IPO, and their reddit page is filled with people who can not pull out any money as their account is frozen.
Click to expand...
All of my coins are in the Coinbase system, so that's a bit unsettling.......... :(
I have been able to use it just fine, even had a customer support issue when I started and they were extremely fast and responsive, but I also have not tried to withdraw anything (yet)...............
 
grebe said:
So blockchain isnt worth having?
Click to expand...
  • A blockchain is a growing list of records called blocks which are interconnected by utilizing cryptography. Such as bitcoin. Each block contains a cryptographic hash of the previous block, a time stamp, and exchange information. Utilizing blockchain we can safely store information over the shared system, where everybody can see but can’t do any alteration. Such as bitcoin.
Im not sure I understand the question. I mean that in a IM HERE to help way. Were all in this together, lets get you started. ASAP.
 
SpaceMonkey420 said:
oh wait u mean the website? ya thats not for me. id switch to coinbase to deposit and withdrawal from your USA bank in dollars. then i use kucoin for alt trading as they have more toekn alt options/
Click to expand...
It's an app on my phone.
 
I just opened up my account to see that my $500 is now $640!

Maybe I don't want to sell anymore!
 
I am looking to switch wallets now. Coinbase gets horrible reviews.
 
COIN valuation is hype based. By all means gambol as it may go up as people want a slice but on a fundamentals basis, where are they making their money from? Transaction fees? Then it's almost certainly grossly overvalued. Of course that hasn't stopped Tesla from making people lots of money but it won't last forever.
 
The post above gives me hope! Hype based and Transaction based. It is like Bitcoin and Visa all in one!

To the Mooooooon!
 
I got all my stuff over to Coinbase (pro) now. Looks like from here, I can easily buy/sell, then transfer over to Coinbase.com where I can tie into my bank account. I hope this is correct, as I pulled out most of my bankroll from Bovada and put it into BTC (instead of just sitting on Bovada waiting to get seized).

Now, if BTC would recover, I can try it out!
 
grebe said:
I got all my stuff over to Coinbase (pro) now. Looks like from here, I can easily buy/sell, then transfer over to Coinbase.com where I can tie into my bank account. I hope this is correct, as I pulled out most of my bankroll from Bovada and put it into BTC (instead of just sitting on Bovada waiting to get seized).

Now, if BTC would recover, I can try it out!
Click to expand...
Recover? BTC is 56k - there are very few days in history where you could have bought for a higher price :ROFL: :ROFLMAO:
 
Dropping fast and hard! :eek:

buythedip.PNG


Time to push all-in! :ROFL: :ROFLMAO:
(Not financial advice.)
 
waddadonk said:
Good NON-advice
Click to expand...
FYP... ;)

Just a lucky guess calling the bottom (so far), BTC could have easily dropped even further there (and still might). Turns out even a broken clock is right twice a day. And no, I didn’t buy any. :ROFL: :ROFLMAO:
 
Yeah I think more pullbacks might be required to hit 100k this run, BTC has been so overheated. Fingers crossed! :)
 

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