12-30-2017, 11:32 AM | #265 |
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12-30-2017, 12:43 PM | #266 | |
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And started trading with that.
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12-30-2017, 03:22 PM | #267 | ||
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12-30-2017, 03:39 PM | #268 |
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I used Bitstamp. Opened account with details youd use to open a bank account or other trading accounts and three or so days later, account was validated. IBAN transferred a quantity from UK bank to the Bitstamp account and started buying. I'm guessing with the huge upsurge in the past month, the trading houses are becoming swamped or saturated. Didn't notice a limit when I opened in October but chucked £4k across with no issue
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12-30-2017, 05:20 PM | #269 |
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Hmmm interesting.
Coinbase was interesting but then you needed to send euro to another account and then from there to gbp to avoid a 3% fee on uk bank euro to gbp fees. I think localbitcoins is going to be best for me selling. |
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12-31-2017, 09:53 AM | #270 |
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What? I started trading on etoro a few days ago with just a $500 transfer.
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12-31-2017, 09:56 AM | #271 | |
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12-31-2017, 04:32 PM | #273 |
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01-02-2018, 11:45 AM | #274 |
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Finally trying to get involved in all this after months of dithering. Still waiting for my damn account on Coinbase and GDAX to be authorised. Very painful as I just want to get some XRP today if possible the wait continues.
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01-02-2018, 12:14 PM | #275 | |
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ETA - by shift I mean sell on etoro and reinvest on Coinbase.
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01-02-2018, 12:16 PM | #276 | |
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01-02-2018, 12:32 PM | #277 |
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01-02-2018, 12:39 PM | #278 |
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Must admit don't really understand etoro. A social media trading system where you don't actually own the coins and just follow other people's trades.
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01-02-2018, 12:42 PM | #279 | ||
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Afaik you could transfer $500 in and then only invest $200 leaving the rest as cash One thing to bear in mind on etoro is invest multiple $200 trades rather than a big chunk. This is because you have to close out entire trades. Having multiple ones gives the chance to choose when to take some profit out whilst leaving the rest invested. The spreads are large so closing and reinvesting is not cost effective.
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01-02-2018, 02:57 PM | #280 | |
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I can’t get my head around spreads though. Can anyone put it into simple terms? |
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01-02-2018, 03:22 PM | #281 | ||
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That means when you open a trade you are immediately a few percent in the red as your units are now only worth the selling price. Which also makes selling and rebuying ( as a means of taking some profit) prohibitively expensive. Caught me out in a couple of early trades. Buying in dips and holding is far more lucrative but the crack addict nature of the app makes that hard
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01-02-2018, 03:38 PM | #282 | |
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01-02-2018, 03:49 PM | #283 | ||
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01-02-2018, 04:38 PM | #284 |
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Right. Just signed up to etoro. Wow. Erm. Okay. Who the hell should I copy? Darth Helmut can I copy you? You seem to be nailing this stuff. What's your name on there?
I can't actually trade yet until I complete my profile and what not. Exciting. And a bit scary. |
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01-02-2018, 04:41 PM | #285 |
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MashinBenzin you say about opening multiple trades, but surely etoro is taking their spread ("commission") on each of these trades? How is it better to have multiple trades?
Genuinely interested to know as I'm having a dabble on there.
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01-02-2018, 05:01 PM | #286 |
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What's multiple trades mean? I'm going to lose some cash aren't I?
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