Yeah, I'll probably do localbitcoins. I've been using bitcoin for a couple years as a currency to send money, this is my first time trying to buy low and sell high. I thought Coinbase could do it all, I didn't know they weren't licensed in my state. I've had an account with them, I can buy with credit/debit card or bank wire, I've been doing that for a couple years. I don't need the dollars back right now, I want to wait until the bitcoin price drops and reinvest it. If the fees were too high I was going to open a USD vault at Coinbase and stick it in there for a few months. Except when I tried to actually do it it didn't work. The BTC sits in my BTC wallet, I can't deposit it to my USD wallet.
I read the Andrew Cook articles on investing, but the exchanges, etc. he recommends don't seem to be around anymore, or do business in the US. I investigated them all but they were dead ends.
I do want to park the $ until bitcoin goes down. As another crypto currency maybe but don't they sort of track bitcoin in price? Whenever bitcoin is high litecoin is high too. I mine that a little so I watch it. I don't watch the rest.
Bull market, that's a good question, care to put it in writing?
I'm looking at bitcoinwisdom and plots from a program I wrote and trying to decide. It could go up or down as far as I can tell. It's still wavering around $11k which it's been doing since about 6/24. I know nothing of the underlying reasons it goes up or down. A delay in cashing out wasn't the disaster I expected since it's actually gone up slightly. Still down from the recent $13.7k peak. I've see predictions that this peak might hit $20k but I'll believe it when I see it.
Oh, what option should I look for as far as getting $ back from a localbitcoins deal? Cashier's check is risky, Paypal can be reversed. Is there some way to wire through a trusted proxy so the guy on the other end doesn't actually get my bank numbers? I suppose Moneygram or Western Union might be options. So localbitcoins automatically handles the escrow?
I read the Andrew Cook articles on investing, but the exchanges, etc. he recommends don't seem to be around anymore, or do business in the US. I investigated them all but they were dead ends.
I do want to park the $ until bitcoin goes down. As another crypto currency maybe but don't they sort of track bitcoin in price? Whenever bitcoin is high litecoin is high too. I mine that a little so I watch it. I don't watch the rest.
Bull market, that's a good question, care to put it in writing?
I'm looking at bitcoinwisdom and plots from a program I wrote and trying to decide. It could go up or down as far as I can tell. It's still wavering around $11k which it's been doing since about 6/24. I know nothing of the underlying reasons it goes up or down. A delay in cashing out wasn't the disaster I expected since it's actually gone up slightly. Still down from the recent $13.7k peak. I've see predictions that this peak might hit $20k but I'll believe it when I see it.Oh, what option should I look for as far as getting $ back from a localbitcoins deal? Cashier's check is risky, Paypal can be reversed. Is there some way to wire through a trusted proxy so the guy on the other end doesn't actually get my bank numbers? I suppose Moneygram or Western Union might be options. So localbitcoins automatically handles the escrow?