LITECOIN ( LTC) is rising like a beast. 62.00 3 weeks ago, to 86.00 as I type this.

Scorpion_runner wrote:

Last year ,around this time, LTC was priced at 3.00. It is now 86.00. I bought some earlier in the month at 62.00. That is a 24.00 up-flow in less than 3 weeks. if you do not own this coin, buy some, even if it is one coin.

Even if the coin falls, it will not fall that hard where you will not be able to recoup some of your money back.

This coin will follow the path of BTC , and could grow to be even bigger.

Btw, hopefully you guys jumped on the information that I provided in this post. As you see, right now, LTC is at 100.00 per coin ( stable for right now, but will spike again). I posted this post when it was at 86.00 about a week ago.

That is a 14.00 profit per token.

Next week, big prepared for HUGE SPIKES. The CBOE will be releasing the first bitcoin fund on the stock market. Everything is data now, and the second data revolution is to transfer value. Data is the new oil.

Also, the Monero coin is now being accepted as a form of payment to purchase music by stars like Mariah Carey, etc. That coin is going to be their exclusive purchasing coin, which is why Monero is rising.

Scorpion_runner wrote:

Coinbase is a Cryptocurrency Brokerage platform. They are not a coin exchange, they basically connect buyers with sellers, and charge a fee for the transaction. They are showing you the best prices from other exchanges, and allowing you to buy at those prices.

.

True, but Coinbase has GDAX, which is their exchange. Once I had my Coinbase set up I was able to quickly use GDAX for purchasing/trades.

Gdax.com is the crypto trading platform for coinbase.

Coinbase is as close to a currency exchange as what you can get. They show you a price and you buy or decline.

charles leely wrote:

Scorpion_runner wrote:

Coinbase is a Cryptocurrency Brokerage platform. They are not a coin exchange, they basically connect buyers with sellers, and charge a fee for the transaction. They are showing you the best prices from other exchanges, and allowing you to buy at those prices.

.

True, but Coinbase has GDAX, which is their exchange. Once I had my Coinbase set up I was able to quickly use GDAX for purchasing/trades.

I didn't know. Thanks for the information. How is GDAX as a Crypto exchange?

Rick Sanchez wrote:

Gdax.com is the crypto trading platform for coinbase.

Coinbase is as close to a currency exchange as what you can get. They show you a price and you buy or decline.

Not arguing, but that is still brokerage. They are basically showing the best prices from their GDAX exchange, and you can either buy or decline as you stated.

I just looked at it, and they basically just trade ltc, eth, and bitcoin. No Alt coins.

I didn't know that GDAX was their exchange platform. I thought they were just grabbing the best prices from different exchanges

satoshi coin wrote:

That's fair. Just like with the dot-com boom and bust, the cryptocurrency technology is revolutionary and here to stay, but the current prices are probably over-inflated. But mainstream media are still all publishing articles about how Bitcoin is a bubble, huge risk, etc so the contrarian in me says this rally has more room to grow. When Money magazine starts writing articles praising Bitcoin and recommending you put 25% of your 401K into it, then we'll know it's time to pull out.

In Singapore we suspect Satoshi Nakamonto the inventor of Bit Coin/Block Chain works at the Japanese MoF given the Bit Coin/Block Chain diatribe fits the Globalization mantra laid down 100 years ago.

GDAX allows stop/limit trades. Using limit buys, there's no "fees." Just the spread.

True, no alt coins.

Scorpion_runner wrote:

I use Binance, because the customer service and information are outstanding, and the interface is simply and straight to the point. I do all of my transactions on there, with Coinbase being my feed account.

What is a feed account?

And how difficult is it to get money back out into USD? Do you use Binance for that?

I did some research on Coinbase and there are a huge number of stories where people asked for a withdrawal and apparently never received it...

n00000b wrote:

Scorpion_runner wrote:

I use Binance, because the customer service and information are outstanding, and the interface is simply and straight to the point. I do all of my transactions on there, with Coinbase being my feed account.

What is a feed account?

And how difficult is it to get money back out into USD? Do you use Binance for that?

I did some research on Coinbase and there are a huge number of stories where people asked for a withdrawal and apparently never received it...

Feed meaning I just use it to get cash into my account so that I can buy coins from other exchanges. I withdraw money from my bank account in coinbase , buy litecoin on coinbase, and then transfer those coins to my litecoin address on binance. I then sell them to get bitcoin value, so that I can buy Alt coins. That's how I do it.

With Coinbase you have to make sure that your identification is verified, so that you don't have any issues. Coinbase uses ACH, where other places like Kraken use wire transfer - that will always be a problem trying to get USD into an american account. I would rather go the ACH route, because it is a legit transferring platform that financial institutions use. You have to remember these network platforms ARE NOT LOCATED IN THE USA. Coinbase's network is located in Asia!

I noticed that people who have/had issues with getting their money out of Coinbase have/had issues with their identification being verified, so make sure everything is 100 percent legitimated from your in. If there is any issue with the verification process, things can turn into nightmare and take weeks to get corrected.

Again these platforms are located outside of the USA - non-regulated!.

To Scorpion Runner and Rick Sanchez, thank you VERY much for the info and opinions!

Kraken is an Frisco and allow $500,000 USD monthly wire transfers for qualified users

OH MY GOD wrote:

Kraken is an Frisco and allow $500,000 USD monthly wire transfers for qualified users

The majority of these exchanges are in Asia. I never said kraken was in asia. I said that they use Wire Transfers. Banks don't use that, which is why a lot of people have had/have issues with getting their money from kraken into their bank account.

And be careful with something being BASED in america. Coinbase is BASED in america, but their financial networking is in Asia. When I did my first deposit, my bank called me stating that an asian company was trying to raid my account. I was like what? Come to find out it was Coinbase, and Coinbase's headquarters is also in San Fran.

I wouldn't be surprised if Kraken was the same. See where those bank transactions are really coming from.

Wonderful. Japan is in Asia. Japan has the largest Fiat Cash reserves in the world . Japan created Bit Coin and cryptos with the long term goal of dissolving and de-centralizing the EUR USD JPY GBP CNY. quote]Scorpion_runner wrote:

OH MY GOD wrote:

Kraken is an Frisco and allow $500,000 USD monthly wire transfers for qualified users

The majority of these exchanges are in Asia. I never said kraken was in asia. I said that they use Wire Transfers. Banks don't use that, which is why a lot of people have had/have issues with getting their money from kraken into their bank account.

And be careful with something being BASED in america. Coinbase is BASED in america, but their financial networking is in Asia. When I did my first deposit, my bank called me stating that an asian company was trying to raid my account. I was like what? Come to find out it was Coinbase, and Coinbase's headquarters is also in San Fran.

I wouldn't be surprised if Kraken was the same. See where those bank transactions are really coming from.[/quote]

I love my Canon 1DX wrote:

Wonderful. Japan is in Asia. Japan has the largest Fiat Cash reserves in the world . Japan created Bit Coin and cryptos with the long term goal of dissolving and de-centralizing the EUR USD JPY GBP CNY.

quote]Scorpion_runner wrote:

OH MY GOD wrote:

Kraken is an Frisco and allow $500,000 USD monthly wire transfers for qualified users

[/quote]

I'm not sure what the purpose of your post is. Most coin buyers/sellers know that Satoshi created bitcoin, and its environmental origin. We know the purpose of it.

However, exchanges just don't exist in japan. There used to be tons of them in china before the crackdown. So I just say Asia, to cover all the asian territories that have exchanges.

The whole point is that money transactions through Coinbase ( and possibly Kraken), like deposits and withdrawals, are coming out of Asia. Why is that, since they are a San Franciso based company?

We were going to buy Berkshire Hathaway stock at $35k.

In Singapore we are indoctrinated with Lee Kwan Yew's lessons (and some say obsession) with Japanese Meiji Globalization. We see Frisco/L.A./London as the monolithic "West" similar to the way you see us as just a big blob somewhere at lands end. Funny isn't it.

I hope some of you listened and purchased LTC. It is now at 130.00 a coin. I will flatten again, probably to about 115.00. It's still in a good zone to buy some, but you don't really want to a buy a coin when it is at its ATH ( all time high), but 130.00 wouldnt be too bad because its a solid coin.

If you have not acquire this coin, please do so before it hits 300.00 on up a coin.

Are there any exchanges other than coinbase that are relatively easy to get verified on? I have tried a few (including kracken) and they all seem to take forever.

I don't understand your fixation on Litecoin. Since your first post, ALL of crypto is up, and Litecoin hasn't been a standout. In fact you would have done far better to hold Bitcoin over the same time period instead of Litecoin.