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  #141  
Old 30.11.2017, 15:39
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Re: Ethereum

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it went down by 18pct since last night so maybe the best time to invest in Ethereum ?
The best time was two years ago...
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  #142  
Old 30.11.2017, 15:40
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Re: Ethereum

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but to have that "wallet", is it a mandatory step? or we can keep the Ethereum on Bity? (if/when i buy, it will not be a huge amount )
I don't recommend having your wallet hosted elsewhere other than where YOU have control over it.

Please inform yourself about all the risks involved in keeping and managing cryptos.

Download the wallet and manage your curreny from there, even better get yourself a hardware wallet like the Ledger Nano S. If you give control of your wallet over to someone else, expect to lose your investment.

If there are services who provide a hosted wallet, keep in mind that you will likely not be able to use it to buy things with. The account will not be yours and you will not have a key for it. You will probably only be able to buy/sell coins. I buy BTC this way through Swissquote, as a broker and i can't access the coins or doa nything other than sell them. Ether are mine and I use the wallet.
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  #143  
Old 30.11.2017, 15:45
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Re: Ethereum

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it went down by 18pct since last night so maybe the best time to invest in Ethereum ?
Yes it could be a very good time, especially forecasts are expecting it to raise until the end of the year, maybe around 800USD (well, seems unlikely but possible since ETH went beyond the maximum value a few days ago).
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  #144  
Old 30.11.2017, 15:58
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Re: Ethereum

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I don't recommend having your wallet hosted elsewhere other than where YOU have control over it.

Please inform yourself about all the risks involved in keeping and managing cryptos.

Download the wallet and manage your curreny from there, even better get yourself a hardware wallet like the Ledger Nano S. If you give control of your wallet over to someone else, expect to lose your investment.

If there are services who provide a hosted wallet, keep in mind that you will likely not be able to use it to buy things with. The account will not be yours and you will not have a key for it. You will probably only be able to buy/sell coins.
thats why im asking all these questions

one thing its not clear to me, when you say "If you give control of your wallet over to someone else, expect to lose your investment."
when you say give control you are talking about the private key? if i have a Mist Wallet, does that count as "giving control of my wallet to someone else"?

Also, i could potentally buy Ethererum now, and get the wallet later, right?

One thing i read about Mist, is that you need 1TB of space on your hard drive to synchronize the blockchain.
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  #145  
Old 30.11.2017, 16:06
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Re: Ethereum

Weird things happening at Coinbase right now:

Buy BTC: €8,215.25
Buy ETH: €360.01

while over at Bity:

Buy BTC: €8,009.61
Buy ETH: €356.57

The BTC spread was even larger at Coinbase just a few minutes ago.
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  #146  
Old 30.11.2017, 16:15
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Re: Ethereum

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Also, i could potentally buy Ethererum now, and get the wallet later, right?

One thing i read about Mist, is that you need 1TB of space on your hard drive to synchronize the blockchain.
-Yes if you leave the ethereums on the "coin exchange" (like Coinbase, which I do not recommand). Sending the ethereums to your privately controlled wallet will ensure that it's on your hands. For example, if (when) coinbase will be down, you still have your ethereums in your own wallet. While if they are remaining on coinbase, you can not access them easily. You could, for example, send them into another exchange and sell them for Fiat Currencies.

-I do not mist but a blockchain for bitcoin is 170GB, see "blockchain size":
https://bitinfocharts.com/ (113.56 GB for Ethereum).
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  #147  
Old 30.11.2017, 16:49
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Re: Ethereum

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Weird things happening at Coinbase right now:

Buy BTC: €8,215.25
Buy ETH: €360.01

while over at Bity:

Buy BTC: €8,009.61
Buy ETH: €356.57

The BTC spread was even larger at Coinbase just a few minutes ago.
Are those actual offer prices or just indicative? & how many seconds does is the price guaranteed if it's an actual price?
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  #148  
Old 30.11.2017, 16:58
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Re: Ethereum

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Are those actual offer prices or just indicative? & how many seconds does is the price guaranteed if it's an actual price?
Actual offers. The price quoted will change as you're going through the transaction. It's fixed only when you hit the button! And in the case of Bity, I believe that even then the price can change: "The exchange rate is determined when we process your purchase order after receiving your bank transfer".
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  #149  
Old 30.11.2017, 17:05
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Re: Ethereum

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Actual offers. The price quoted will change as you're going through the transaction. It's fixed only when you hit the button! And in the case of Bity, I believe that even then the price can change: "The exchange rate is determined when we process your purchase order after receiving your bank transfer".
The charging of fees on a debit card is outrageous, I can transfer £99,999.00 per day to Hargreaves Lansdown for free. Welcome to the Wild West of unregulated markets. Amazed DeVere has not opened a desk
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  #150  
Old 30.11.2017, 17:09
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Re: Ethereum

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I didn't find it in this thread, so I thought I'd post the best, albeit somewhat technical, explanation that laypeople can still understand, which I found so far:

https://www.youtube.com/watch?v=Lx9zgZCMqXE

The video explains Bitcoin, but the underlying principles are the same in all cryptocurrencies.
It's a common misconception - but ether (as owned by Ethereum) isn't a cryptocurrency...

It's blockchain based, like bitcoin... but it's not a currency. Also, it uses proof of stake rather than proof of work, making it much more sustainable than bitcoin...
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  #151  
Old 30.11.2017, 17:21
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Re: Ethereum

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It's a common misconception - but ether (as owned by Ethereum) isn't a cryptocurrency...

It's blockchain based, like bitcoin... but it's not a currency. Also, it uses proof of stake rather than proof of work, making it much more sustainable than bitcoin...
Not yet!!!
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  #152  
Old 15.12.2017, 10:46
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Re: Ethereum

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No, you can transfer from any currency account, but the receiving account (Coinbase's account) is denominated in euros, so the sending bank will have to change the funds to euros.

In my first bank transfer to Coinbase I sent money from my CHF-denominated Swiss bank account (and was hit with my Swiss bank's lousy exchange rate). Thereafter, I sent transfers from my EUR-denominated account.
well, tried it again and it has been 11 days but no money arrived yet...in the meantime ETH rose again and again..really getting sick of coinbase now.
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  #153  
Old 15.12.2017, 11:16
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Re: Ethereum

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well, tried it again and it has been 11 days but no money arrived yet...in the meantime ETH rose again and again..really getting sick of coinbase now.
Sorry to hear that. Are you sending the money from a bank account in the same name as your Coinbase account? Have you double-triple-quadruple-checked that the unique Coinbase reference number is on your bank transfer, and is correct? These two parameters must be correct, non-negotiably, otherwise the transfer will be rejected.
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  #154  
Old 15.12.2017, 11:24
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Re: Ethereum

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Sorry to hear that. Are you sending the money from a bank account in the same name as your Coinbase account? Have you double-triple-quadruple-checked that the unique Coinbase reference number is on your bank transfer, and is correct? These two parameters must be correct, non-negotiably, otherwise the transfer will be rejected.
Yes I did exactly that. Both accounts are on my name. Problem is it is not rejected yet, it is still in the limbo. I tried with only 100Eur to get the verification done before sending the real money.





Earlier this week I created an account with Bitstamp too and now waiting for ID verification, after I will try the SEPA transfer with them.
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  #155  
Old 15.12.2017, 12:06
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Re: Ethereum

You can buy Bitcoin through Swissquote. You can't use them, you can only buy or sell through them.

As of 18 December you will also be able to buy/sell Ether through Swissquote (and possibly others although they have not specified which ones).

Unless you want to use your BTC or Ether or want your own wallet, this is an easy way of dabbling.
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  #156  
Old 15.12.2017, 12:10
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Re: Ethereum

I mostly buy altcoins. I have small amounts of Verge and ARK.

Swissquote is using bitstamp as their exchange, I would rather use them directly.
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  #157  
Old 15.12.2017, 12:16
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Re: Ethereum

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You can buy Bitcoin through Swissquote. You can't use them, you can only buy or sell through them.

As of 18 December you will also be able to buy/sell Ether through Swissquote (and possibly others although they have not specified which ones).

Unless you want to use your BTC or Ether or want your own wallet, this is an easy way of dabbling.
you can also buy BTC and ETH as exchange traded notes ETN listed on Nasdaq e.g. via interactive brokers.
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  #158  
Old 16.12.2017, 12:00
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Re: Ethereum

Opening this thread feels like it was a lifetime ago. It's not even been 6 months.

My first purchase of Ethereum was at its all time high price of $390, and when it lost 2/3rd of its value in the following few months, I bought a few more coins. It's current all-time high is $750, it's currently trading around $700 this morning.

When I started to do a little more homework on the crypto world, I realise there are now more than 1,300 crypto coins in existence.

I became interested in a distributed ledger technology, not blockchain, called IOTA and I exchanged some Ether for IOTA.

IOTA will either pop and be forgotten about in the next 2 years, or become the network that powers trillions of small data and internet of things for decades to come.

I paid $0.34 cents per 1MIOTA and in the 4 weeks that followed, the price rose to $5.27, before falling back to its current price of $3.88. It could fall to $0 tomorrow, or rise to $10 by the end of the year.

What I've learned about crypto trading could be written on a stamp. It's fully possible I'll lose every franc and the risks facing this technology are behind its extreme volatility.

I bought crypto currency to hold for years and I've learnt some things about a transformational technology along the way.

I'm now going to look at some applications being developed along the way and invest in those ($100 here and there) that will help to improve the world.
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Old 16.12.2017, 12:13
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Re: Ethereum

Today I was checking out the bitcoin atms in zurich but 5% fee seem ratber high for a coin trying to replace credit cards
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Old 19.12.2017, 18:21
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Re: Ethereum

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Opening this thread feels like it was a lifetime ago. It's not even been 6 months.

My first purchase of Ethereum was at its all time high price of $390, and when it lost 2/3rd of its value in the following few months, I bought a few more coins. It's current all-time high is $750, it's currently trading around $700 this morning.

When I started to do a little more homework on the crypto world, I realise there are now more than 1,300 crypto coins in existence.

I became interested in a distributed ledger technology, not blockchain, called IOTA and I exchanged some Ether for IOTA.

IOTA will either pop and be forgotten about in the next 2 years, or become the network that powers trillions of small data and internet of things for decades to come.

I paid $0.34 cents per 1MIOTA and in the 4 weeks that followed, the price rose to $5.27, before falling back to its current price of $3.88. It could fall to $0 tomorrow, or rise to $10 by the end of the year.

What I've learned about crypto trading could be written on a stamp. It's fully possible I'll lose every franc and the risks facing this technology are behind its extreme volatility.

I bought crypto currency to hold for years and I've learnt some things about a transformational technology along the way.

I'm now going to look at some applications being developed along the way and invest in those ($100 here and there) that will help to improve the world.
Took a quick look at this.

You can't buy it with cash, you have to have BTC or ETH and swap that to get IOT.

So you can't sell it for cash either. You have to sell it for another crypto. Meaning, even if you gain on IOT your margin will depend on the converted crypo you will get. 2 factors will be in play. Am I right?
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