Are bitcoins the new era? Dec 26, 2017 13:06:31 GMT -5
Post by starbuck on Dec 26, 2017 13:06:31 GMT -5
As for alt coins, I am in a few that I will leave till the end of the first quarter at the least, but will keep an eye on them. Currently sitting in Tronix (TRX), Ripple (XRP), and Verge (XVG). I also hold some LTC (Litecoin), which I made a killing on last week as well. Sucker dropped below $200, down to $185, managed to get back in at $198 and sold at $317 a few days ago. It's been anywhere from $280 to $315 since then.
By no means am I an expert, just getting lucky and using common sense that I've learned from the real financial market and my brother who is a financial adviser.
Buck, what platform are you using for your trades?
Binance, GDAX, and Coinbase.
My personal accounts are all linked to Coinbase, which is where I deposit/withdraw to and from the bank.
If I am putting money in, transfer from personal bank into Coinbase. From there I transfer from Coinbase to GDAX. Note, Coinbase and GDAX are the same company, linked together, sister companies. It's much cheaper to buy/sell coins in GDAX than Coinbase. Also, the transfers to/from Coinbase to GDAX is instant and free.
Once I have funds in GDAX, I will then transfer to Binance if I am buying alt coins. When transferring GDAX to Binance, I make sure my funds are in either LTC or ETH as the transfer is much faster and cheaper. You transfer from GDAX to Binance using BTC, it just takes much longer, hours longer, and costs a little more. Thus why I usually transfer in LTC or ETH coins if I am going to transfer into Binance to buy alt coins.
Same course if going back to GDAX from Binance. I sell my alt coins to either LTC or ETH in Binance. Then transfer from Binance to GDAX. Sell in GDAX. Once sold, transfer back into Coinbase to withdraw to my bank account.