Bitcoin / Bitcoins / Crypto Currency

What kinda fees do Coinbase hit you with? I should really look into it. Also is it a total ballache to try and withdraw from your Coinbase wallet?

Again, I should probably watch a video or something

Use coinbase Pro as the fees are less than regular coinbase

Sadly not.

As green tricky said use coinbase pro although if it’s for a one off coinbase fees aren’t the worst.

For selling I either use that or Binance although been reading a lot recently that Binance have been banning accounts for no reason, which is slightly worrying

. Cheers will take a look at Pro

someone with deep pockets is doing some major buying

Hedge funds are investing client money because their clients want them to.

I speak to fund managers for work about a different asset class and they don’t really understand what’s driving bitcoin beyond crazy demand or where the top of the market is.

Such is the ludicrous hype, I wouldn’t be surprised to see it keep going. Good news for my £23.

Reddit is littered with stories of people having problems with coinbase as well which isn't reassuring

Kraken is a popular alterative that I have yet to try

For some reason my Coinbase account is restricted. Think it may be my ID needs verification even though I did this successfully when I set it up three years ago

it’s the same with all these digital banks, they can do what the fuck they want and if they restrict you and your moneys tied up your fucked.

I keep mine on a ledger so I’m not having to worry about them.

I’m quite into crypto and canny seem to work out what’s been driving this current bull run that it’s on right now but I’d imagine it’s got to do with so many people buying into it right now.

I mean even if it crashes I can’t lose really, but I don’t think it’ll happen just yet!

It’s crashing (a bit) right now.

I mean even if it crashes I can’t lose really, but I don’t think it’ll happen just yet!

Why would you jinx yourself like this??

Don’t worry, it’ll need to fall through the floor 🤷🏻‍♂️

It did drop to 19.5 and it’s up nearly 2 grand again. So volatile. Would haven’t liked to have bought into it yesterday at 25k though

I reckon any price moves outside of daily candles are just noise at this point. A bit of consolidation around 30k before another big up...

I dont know if another big jump will happen soon, the figures getting thrown about right now are seriously crazy.

I mean it would be great.

I’m glad I have no financial interest in this particular guessing game.

I wouldn’t like to be in if/when the institutions get panicky.

https://podcasts.apple.com/gb/podcast/odd-lots/id1056200096?i=1000503394773

Been listening to a few of his interviews over the last couple of months. The man's like a new-age crusader. Pretty phenomenal how 'in' he is.

Aye these guys are the ones making the big money fast from it. I listened to it a few weeks ago, interesting stuff but big scale risk.

There's a supply crunch coming, whats not to like, bitcoin is flowing off of exchanges and in to cold storage, paypal and greyscale are buying up more than is being mined for the last few months and paypal has only rolled out crypto to US so far, going to be fun a year ahead win or lose

Bitcoin pricing isn't based on supply/demand!

Around 2% of bitcoin accounts (that can be tracked) control 95% of the asset. That further breaks down into ~92% of the 2% of accounts being 'whales' and only ~7% of the 2% being exchanges (or what you might consider a free/fair market).

It's the wild west, be prepared to lose your hat!

If there is no supply (an artificial constraint by whales hodling) on exchanges and it is all being bought up OTC, how does that not drive up retail price?

I fully believe it is a manipulated market by whales

It's no different than De Beers and diamonds is it with the market kept artificially inflated by controlling supply and distribution

Around 2% of bitcoin accounts (that can be tracked) control 95% of the asset. That further breaks down into ~92% of the 2% of accounts being 'whales' and only ~7% of the 2% being exchanges (or what you might consider a free/fair market).

What’s the source for that? Not disputing btw, just keen to know more.

https://www.bloomberg.com/news/articles/2020-11-18/bitcoin-whales-ownership-concentration-is-rising-during-rally

market kept artificially inflated by controlling supply and distribution

See also: new build houses, high end watches, ltd edition Rapha x Palace jerseys.

I still can’t quite get my head fully around the ‘mining’ element of Bitcoin and who has access to that.