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Showing 11 of 11 results by Deerfarmer
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Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 18/12/2017, 18:38:26 UTC
I don’t see a tx id?? Is it in the email I received? I see a reference code. I see it says funds will be avalible December 21. Wtf

I don't know what e-mail you've got.
Make tickets on the services you've been using, ask them what is going on.
And if they blame Bitcoin network tell them that they should put together more transactions to optimize fees.

You can also ask in the services' threads for help, although ticket use to be the best and most personalized way.
its from Coinbase saying I purchased x amount of dollars for ETH has started. Your funds will be available December21st 2017. Then there’s a reference code and my form of payment are used to withdraw money to the account. It tells me what price I purchased the ETH at and what the ETH is worth at that price I purchased

When did you do this?  A bank transfer from a US bank to Coinbase takes 2-4 business days.  From my own personal experience, it usually takes 4-5 business days.  It's free, but it's not instant.
The first transaction was dec 16th. And the second one was on dec 13th which I bought ETH
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Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 18/12/2017, 17:16:25 UTC
I don’t see a tx id?? Is it in the email I received? I see a reference code. I see it says funds will be avalible December 21. Wtf

I don't know what e-mail you've got.
Make tickets on the services you've been using, ask them what is going on.
And if they blame Bitcoin network tell them that they should put together more transactions to optimize fees.

You can also ask in the services' threads for help, although ticket use to be the best and most personalized way.
its from Coinbase saying I purchased x amount of dollars for ETH has started. Your funds will be available December21st 2017. Then there’s a reference code and my form of payment are used to withdraw money to the account. It tells me what price I purchased the ETH at and what the ETH is worth at that price I purchased
Post
Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 18/12/2017, 15:18:26 UTC
i think that’s already been figured out for the most part. I just need to know why it’s taking so long for my money to transfer I think. Is it because there’s so many transactions out there or is my amount to small or what? Is this happening to everyone?

If you'd post the transaction ID (tx id) we could look it out and tell more exactly. But usually it's a problem with the transaction fee.
You have to pay in order to have the network confirm your transfer. When you've sent the Bitcoin from one service to another you paid a withdrawal fee of which they pay for you the tx fee to the network.
If that fee is not great, it can take hours or even days to see it confirmed. (In some bad cases it doesn't even get confirmed, but I think that's not the case for you.)

Edit: just to make it clear, this happens lately because of the congestion of the network; I personally believe it's a spam attack against Bitcoin; the devs already deployed half of the solution for this (SegWit), the rest will be deployed in a near (hopefully) future (LN).
I don’t see a tx id?? Is it in the email I received? I see a reference code. I see it says funds will be avalible December 21. Wtf
Post
Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 18/12/2017, 15:06:56 UTC
I don’t understand how any of this really works. What I don’t get is when you put money in your account what or how do you do with it.

I've found a good starter here: https://arstechnica.com/tech-policy/2017/12/how-bitcoin-works/?amp=1
It explains what is Bitcoin, how Bitcoins are made and many more things; I've found it interesting.

But from what I understand you are badly mixed up. You seem to mix up Bitcoin with altcoins (IOTA) and with the services that help you buy or sell Bitcoin.
You should start step by step, try to understand what you are doing, then act. One simple question at a time could also help. And when you have simple questions you can also search, since most likely they were asked already.

Good luck, it's a long read, but it's the beginning of a long ride!
i think that’s already been figured out for the most part. I just need to know why it’s taking so long for my money to transfer I think. Is it because there’s so many transactions out there or is my amount to small or what? Is this happening to everyone?
Post
Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 18/12/2017, 14:40:38 UTC
So why does it take so long to get my money transfed from my bank acct to ETH? I bought a little amount just to try it out to make sure I was doing it right. I also transfer money from bank acct to Coinbase and that is still pending. Coinbase email said it should of been in my acct the next day (dec 17th). I bought my ETH back on dec 13th and it’s now dec 18th and still pending.
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Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 16/12/2017, 13:13:02 UTC
I have another question. I am testing the waters right now so I went through Coinbase and withdrew $50 from my bank and I did that 24 hours ago and my transaction still says it is pending. I bought ETH at $738  and now it is below $680 so did I lose my money before I was able to cash it out before the declined?

So you bought the ETH at a very high price, so now the price is decreased in the market. If you withdraw to your bank you will be in loss. So wait until ETH price increase in the market because now the value of ETH is kept increasing. So hold it from some more time until the price of ETH increase.
ok thank you. That’s exactly what I wanted to know. I plan on leaving it in there and putting more in. I want to buy xrp with it also so I would have to cash out some ETH when it’s up In order to buy xrp then or how can I buy xrp without cashing out some ETH? Can I buy it right through Coinbase if I deposit money directly into it from my bank? Thanks
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Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 16/12/2017, 03:44:13 UTC
No one can help me??☝️☝️☝️
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Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 14/12/2017, 22:44:12 UTC
 I have another question. I am testing the waters right now so I went through Coinbase and withdrew $50 from my bank and I did that 24 hours ago and my transaction still says it is pending. I bought ETH at $738  and now it is below $680 so did I lose my money before I was able to cash it out before the declined?
Post
Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 10/12/2017, 01:02:36 UTC
Yes I joined Coinbase and binance. As far as something specific yea I guess that’s what I want to know to. Obviously I want to make some money but don’t know where to put my money I guess. So if I have $100 usd in an account at IOTA I can just leave it sit in my account is what you are saying and it will increase or decrease with how the market is doing? Or I can put it somewhere else and potentially make a lot more. Is there a list or something to see what to buy or invest in? Sorry if the answers are in that link you sent I haven’t got to check it out yet.
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Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 10/12/2017, 00:33:46 UTC
Thank you I will check it out.
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Topic
Board Beginners & Help
Help me understand this bitcoin thing please
by
Deerfarmer
on 09/12/2017, 22:49:16 UTC
Hi sorry for this question but I can’t wrap my head around this. I found out about bitcoin about a year ago but just started looking into it again. After watching videos and reading all day I finally came across this forum so maybe someone could point me in the right direction. I don’t understand how any of this really works. What I don’t get is when you put money in your account what or how do you do with it. Do you buy coins from other ppl that want to cash out.  That doesn’t make any sents to me. Idk I don’t get it. So far today all it got was IOTA was or is going to be as big as bitcoin, I set up an account at Coinbase,and one at Binance and I’m waiting for my account to be confirmed. When I understand this is there a minimum amount of money I have to put in. I don’t think there is but thought I’d ask. Thanks for taking the time to help me.