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Thread: Official Cryptocurrency Trading Thread

  1. #741
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    Heads up, Coinbase.
    0.5 gram microsd delivered by 12,000 pound combustion vehicle and driver.

  2. #742
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    $250/share... yeah right! What’s the over/under on them opening at $500+?

  3. #743
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    Need some guidance here.

    A friend of mine bought some bitcoin for my son when he was born and just held onto it for him as he wasn't sure if it was going to go up, crater to zero etc. Now he wants to transfer it over to him as he just had a birthday.

    I have zero intentions of selling it, buying more (until it becomes more mainstream) or transferring it. I figure I'll just simply toss it in an account, let it sit there until he's done university and maybe it will crater to zero or maybe he will have enough to buy a McMansion with an Aventador in the garage in 20 years.

    I've done some reading but I'm more confused than before.

    Can I just set up a Wealthsimple account, transfer it in there and let it sit or do I need to get a "hardware wallet"? My preference would be the Wealthsimple account but I'm not exactly sure I can do what I want with them.

    Any thoughts?

  4. #744
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    Quote Originally Posted by Pacman View Post
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    Need some guidance here.

    A friend of mine bought some bitcoin for my son when he was born and just held onto it for him as he wasn't sure if it was going to go up, crater to zero etc. Now he wants to transfer it over to him as he just had a birthday.

    I have zero intentions of selling it, buying more (until it becomes more mainstream) or transferring it. I figure I'll just simply toss it in an account, let it sit there until he's done university and maybe it will crater to zero or maybe he will have enough to buy a McMansion with an Aventador in the garage in 20 years.

    I've done some reading but I'm more confused than before.

    Can I just set up a Wealthsimple account, transfer it in there and let it sit or do I need to get a "hardware wallet"? My preference would be the Wealthsimple account but I'm not exactly sure I can do what I want with them.

    Any thoughts?
    Only safe way to store it is on a hardware wallet.
    I've had Bitcoin sitting in Quadriga CX and had about $3,000 (This was a while back it would be worth a lot more now) worth of Bitcoin stolen, it can happen at any exchange.

    You never want to rely on anyone else to store you currency.

  5. #745
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    Quote Originally Posted by Pacman View Post
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    Need some guidance here.

    A friend of mine bought some bitcoin for my son when he was born and just held onto it for him as he wasn't sure if it was going to go up, crater to zero etc. Now he wants to transfer it over to him as he just had a birthday.

    I have zero intentions of selling it, buying more (until it becomes more mainstream) or transferring it. I figure I'll just simply toss it in an account, let it sit there until he's done university and maybe it will crater to zero or maybe he will have enough to buy a McMansion with an Aventador in the garage in 20 years.

    I've done some reading but I'm more confused than before.

    Can I just set up a Wealthsimple account, transfer it in there and let it sit or do I need to get a "hardware wallet"? My preference would be the Wealthsimple account but I'm not exactly sure I can do what I want with them.

    Any thoughts?
    Wealthsimple crypto is not actual crypto. You cannot transfer in nor transfer out bitcoin. You are merely buying bitcoin that Wealthsimple has purchased themselves, theres no difference in my mind between buying an bitcoin ETF and buying crypto with WS except for the fact that you can buy the bitcoin ETF in your TFSA or RRSP.

  6. #746
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    Don’t support wealthsimple... fuck them and their shitty robinhood knockoff (also fuck RH)

  7. #747
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    Quote Originally Posted by Pacman View Post
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    Need some guidance here.

    A friend of mine bought some bitcoin for my son when he was born and just held onto it for him as he wasn't sure if it was going to go up, crater to zero etc. Now he wants to transfer it over to him as he just had a birthday.

    I have zero intentions of selling it, buying more (until it becomes more mainstream) or transferring it. I figure I'll just simply toss it in an account, let it sit there until he's done university and maybe it will crater to zero or maybe he will have enough to buy a McMansion with an Aventador in the garage in 20 years.

    I've done some reading but I'm more confused than before.

    Can I just set up a Wealthsimple account, transfer it in there and let it sit or do I need to get a "hardware wallet"? My preference would be the Wealthsimple account but I'm not exactly sure I can do what I want with them.

    Any thoughts?
    Get a hardware wallet - or two different types (tezor and ledger) if the amount is significant. Make paper wallet backup copies, stick these in a safe - away from the hardware wallets - and then forget about it.

  8. #748
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    Congrats to everyone holding dogecoin. I'd be paper hands tonight.
    I can eat more hot wings than you.

  9. #749
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    15$ richer


    going to resume with the search and recovery of my 2013 doge wallet if it hits 1$

  10. #750
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    I'm sitting on 121 doge coins. I used to be in the thousands, but paper hands it at 8 cents. RIP me.
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
    Quote Originally Posted by 89coupe View Post
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    My car sounds like shit.

  11. #751
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  12. #752
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    As a total newb at crypto, my 12,700 dogecoins went from $1k to $6k as of now. Holding to $1.

  13. #753
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    Nearly had a stroke when I saw $0.58 this morning. Seems to have stabilized around $0.47 right now
    See Crank. See Crank Walk. Walk Crank Walk.

  14. #754
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    Seriously though, beyond needs a NFT subforum with purchaseable pics of cute pets. Gotta catch the next wave.
    0.5 gram microsd delivered by 12,000 pound combustion vehicle and driver.

  15. #755
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    Whats the best way to actually withdrawal from Binance into cash in canada?

  16. #756
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    Quote Originally Posted by Brent.ff View Post
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    Whats the best way to actually withdrawal from Binance into cash in canada?
    Transfer to your bank account?

  17. #757
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    Quote Originally Posted by roopi View Post
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    Transfer to your bank account?
    Tells you how long its been since i bought any, surprisingly easy now. Thanks

  18. #758
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    Is anyone using Crypto.com to buy DOGE?

    I won't let me add my debit card as a method of payment. Unless they are trying to push for their Crypto pre-paid card as a method of payment?

  19. #759
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    Quote Originally Posted by HiSpec View Post
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    Is anyone using Crypto.com to buy DOGE?

    I won't let me add my debit card as a method of payment. Unless they are trying to push for their Crypto pre-paid card as a method of payment?
    Canadian banks have blocked all major exchanges for debt/credit

    You basically have to use emt. For crypto.com you need to verify your KYC info, for binance they have the P2P system, where you can buy and sell with individuals, it’s way faster

  20. #760
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    Quote Originally Posted by ercchry View Post
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    Canadian banks have blocked all major exchanges for debt/credit

    You basically have to use emt. For crypto.com you need to verify your KYC info, for binance they have the P2P system, where you can buy and sell with individuals, it’s way faster
    You also don't need to verify on Binance for P2P, so you can fire off some BT from another exchange/wallet, P2P it to DOGE, or other coins, and then fire it off to a wallet. There's some transaction fees, but no verification required.
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
    Quote Originally Posted by 89coupe View Post
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    My car sounds like shit.

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