What I mean is choice of coins to trade.  All GDAX offers is BTC, ETH, and LTC

I really like GDAX and Coinbase due to FDIC and USD pairs.  I don't like the limited amount of coins they trade.  Have you heard any rumors about them expanding the coins they trade?

Thanks for the heads up.  Does Bitfinex have a fiat wallet which is not tied into Bitcoin?
Mazzy

I checked out GDAX and saw that they were an associate of CoinBase.  So that solved the problem of a secure fiat wallet.  GDAX also has a more workable trading platform with stop/loss, etc.  But I am hoping they get more than 3 coins to trade.

Mazzy

Thanks for the information.  Lots of data to think with.  My concept of a perfect exchange would be, in order of my priorities:

1.  Has an insured fiat wallet system that is not tied into the fluctuations of Bitcoin.
2.  Has a good reputation as far as safety.
3.  Has a large choice of coins to trade.

I have had good experiences with Poloniex.  They have a large choice of coins to trade and all my transactions have been smooth.  But they don't have fiat wallet.
I like Coinbase as far as fiat wallet but they only have 3 coins to purchase with only buy/sell options...no normal trading platform with stop/loss, etc.

Anybody have recommendations of an exchange that could more closely fit my priorities?

BTW...my funds are not tied to illegal activities or gambling.  I plan on paying my fair share of taxes for any profits I make...I like to be able to sleep at night.

Mazzy

Wow...makes sense.  What exchange do you recommend as for the type of trading I want to do?  I would want one that has a secure USD Wallet system.

By the way...I had been trading using Poloniex exchange and, over a 3 week period, increased my Bitcoin holdings from 1 Bitcoin to 1.08 Bitcoins.  I learned a lot.

The reason I'm transferring out of Poloniex is they don't have a Fiat Wallet system that is not tied into Bitcoin.  I want an exchange wallet system that is a safe haven and my fiat won't fluctuate with the roller coaster Bitcoin value.

Thanks,
Mazzy

I think Bitcoin is going to be a roller coaster ride for a while.  I am mid process transferring my Bitcoin from Poloniex to Coinbase (it is taking me 2 days because of the $2000 per day limit).  Once there I plan on waiting until Bitcoin pumps back up in value and then sell it and put the $ into my Coinbase USD Wallet.  And then ride out the roller coaster for a while until Bitcoin stabilizes.

I was also thinking about using Coinbase to sell high and buy low, back and forth, back and forth, storing my fiat in my USD Wallet after selling.

Is this a good idea?  Is Coinbase a good exchange to do it in?

Mazzy

Hi guys...I had this question posted a couple hours ago but it disappeared.  I'm not sure if I broke some protocol.

At the Coinbase Forum it was expressed that it took days, if not weeks, to sell a Bitcoin and then take the proceeds and route the money into the Coinbase USD Wallet.  I was wondering if that was "old news" that has since been corrected by Coinbase or if that type of foot dragging still occurs.  Do any of you have an experience regarding this?  If it is true then I might need to find another alternative to cashing out a Bitcoin and quickly being able to store the money in safe USD haven.

Do you have any thoughts or suggestions?

Mazzy

From what I have read in the Coinbase Forum, selling a Bitcoin and having the proceeds get transfered into your Coinbase USD Wallet can take days, if not weeks.  Have you traders experienced that?  Is there a simpler and quicker procedure or exchange?

Thanks,
Scott

No.  I'm not sure how to file a ticket.

I have had it happen twice where I placed an open order for SC (Siamcoin) to be sold, turned off my computer and then the next morning logged on to Poloniex and found that my open order had not been sold during the night when the price had established itself at the sell price I had placed.  Do I have to be logged on to Poloniex in order for an open order to be placed?

Scott

I've been looking for an inexpensive training program that will train on technical analysis.  I found one and so far it seems like a pretty good simple course.  Technical analysis would be applicable to Bitcoin training as in all other training.

https://www.investoo.com/advanced-technical-analysis/

I purchased SC on a pretty decent drop.  Then it continued to drop.  And continued to drop.  It took about 4 hours to rise back up to a price where I could sell for 1% - 2% profit.  Since I'm waiting for my bank transfer $ I didn't have enough in my account to double down on the continued drop.  I have a question about the double down concept...should that be used as a last resort only?  Would I set my selling price to just get out of the trade at a slight profit?  I guess these question would depend upon what was happening in the market.

I wondered what changed between yesterday and today.  Yesterday SC was pumping all day long.  Today it was sluggish.  After looking at the rest of the alt coins I recognized that just about all of them were sluggish today.  So it is possible that today was just a sluggish day.  I remember reading on this forum where one person observed that most market dumps occur on the weekends.  Maybe I should be careful about trading on the weekends???  Or Sunday more so than Saturday.

Can anybody recommend a course that would teach Bitcoin trading? 

I'm still asking questions and still learning.

Scott

Thanks for all the advise and thoughts to heed.  The reason I used 10,000+ volume and 10% market activity as a starting point to choose good coins to look at was because I watched a youtube made by High Altitude Investing.  He gave some great training.  Part of what I like most about developing new ways of making money is that I really like to learn.  This forum has helped.  Yesterday somebody in the forum advised holding back 50% of your trading capital in the event a coin seriously bottoms out while you are trading it...it gives you the ability to "double down" by purchasing more when it stops going down in order to take try to recoup when it goes back up.  That would be a risky venture but could be useful. 

Could anybody give me the website of a good trainer that I could learn further?

Scott

A couple days ago I transfered enough from my bank account to buy 1 Bit coin.  While waiting for the $ to make it from the bank to the exchange I had $75.00 invested so could use it to practice with.  Keep in mind that I had no experience with bit coin trading and my past day trading did not go well.

Today I saw that SC (Siacoin) was above 10% and volume was above 10,000.  It was also very active pumping up and down.  I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00.  It was a great leaning experience.  Also very humbling because on the first trade I made a mistake and lucked out.

Scott

I may have found an answer to my question.  It looks like Coinbase has an insured hosted currency wallet which they don't charge to use.  Since I have an account on Coinbase I can sell a coin on another exchange and receive payment in bitcoin.  Then I can sell the bitcoin on Coinbase exchange and then place the US dollar in their hosted currency wallet.

Did I get that right?

Scott

Wow...this is complex.  Kraken and coinbase have a very limited # of altcoins to trade with.  And even if I wanted to deposit my $ there it could run up charges depositing and withdrawing from my credit cards or bank account.  Brewmaster said to be careful with USBT.  Where is the danger?  Since it is an altcoin can it vary in value...is that the danger?  If so then it seems that the best thing to do would be, once I have sold the BTC, to immediately purchase another safe altcoin that will hold its value.  If I had sold an altcoin then it might be best to invest it in BTC.  With BTC it is a safe investment but still can vary in value.  Am I correct on this evaluation?  Any further advise would be helpful.

Scott

thanks for the data.  I don't like the sound of USDT.  Maybe I should deal with another exchange such as Poloniex.  I would want to be able to sell my Bitcoin and end up with US dollars in the transaction.  Is there any exchange that would transact to US dollars?

What is a 330 satoshi/byte?

Regarding starting small...I could wait until BTC goes up, sell it and then wait for it to go down and buy a smaller amount

Scott

Hi guys...I'm totally green and I figure it is better to ask now than to not ask and make an expensive mistake.

I have purchased a bitcoin for, with fees, $2328.  I will transfer that to my Bittrex account when I get it in 4 days.  Once the price goes up to say $2528 I could sell it for a $200 profit (minus approx $7.00 fee).  Here are my questions at this point:
1.  Is a $200 profit an acceptable goal?
2.  Once I sell it how does the US dollar amount get transfered to my account?  Does it automatically get transfered into a US Dollar wallet in my account?
3.  Assuming that I now have approx $2528 in some part of my Bittrex account I could wait until Btc goes down again and then buy it and repeat the cycle (or purchase another altcoin).

Do I have it correct so far?  Any suggestions?

Thanks,
Scott

After reading this forum I've seen more than one situation as you have gone through.  Electrum is on my computer and I would transfer my coins to it.  But since my computer is connected to the internet does that make Electrum less than safe?

Ledger Nano S or Trezor would be totally separated from hacking.  That type of hardware might be the way to go.  Your thoughts?