Ethereum 101: Quick Getting Started Guide

[disphugginflip]

Alright boyos, just got in with a first purchase at $283.00 per coin. My coins arrive Friday.

1K worth

You already made some money as ETH is at $310!

[2020Wellness]

You already made some money as ETH is at $310!

Couple of sushi dates worth, haha.

Thanks man

[MyAvatar]

To all the people who have bought eth due to this thread, it seems we are going to the moon. We are at 340+ and I have no idea why

[mcdojo]

Just adding in my 0.2 of Ether

If you are having a problem with all your transactions being cancelled try checking your credit card or bank. They might have put a lock on your card because they suspect the purchase to be fraudulent, give them a call and ask them why your purchase is not going through.

Secondly for any Canadians on here who are worried about not being able to cash out. You can simply transfer your ether to another wallet such as Quadriga which is Canadian and cash out on there.

Have been reading up as much as I can on Ethereum for the last week and I also believe it's still not too late to jump on this.

My main concern at the moment is cashing out, especially given how volatile altcurrency is. I've been searching Reddit about it, and a lot of guys with higher values say they can't cash out becomes of sell limits, and one workout is you need to sign up for multiple exchanges and cash out through all of them, but it still takes weeks. This is ok because etheruem is on the way up. But you've seen with the last crash, it can go down 25% in 1 day. So if you have like 135k, and you know it's heading downwards, your coins aren't worth 135k in fact, since there's no way to get them out at that price. You could only get 15k, and the rest will be worth pitiful amounts by time you can cash out.

Also something to mention in your guide, Canadians, and Australians and maybe others, cannot sell off Coinbase. They have to do this transfer to other wallet thing and then sell, as this guy mentioned.

[StrongLurking]

bought one coin at 340 and one at like 320. I remember I owned 10 of them when they were 10 bucks each feelsbadman

[SomaliShred]

do i wait for a correction/price dip or do i buy now ?

[2020Wellness]

do i wait for a correction/price dip or do i buy now ?

It's hard to say. It did drop from $330 to $300 today after a run.

Was this the correction?

It's now slowed after hitting tree fiddy. Will it drop?

Based on this being the #2 cryptocurrency, it's likely waiting may be a mistake. I didn't wait and bought today.

[MyAvatar]

My main concern at the moment is cashing out, especially given how volatile altcurrency is. I've been searching Reddit about it, and a lot of guys with higher values say they can't cash out becomes of sell limits, and one workout is you need to sign up for multiple exchanges and cash out through all of them, but it still takes weeks. This is ok because etheruem is on the way up. But you've seen with the last crash, it can go down 25% in 1 day. So if you have like 135k, and you know it's heading downwards, your coins aren't worth 135k in fact, since there's no way to get them out at that price. You could only get 15k, and the rest will be worth pitiful amounts by time you can cash out.

Also something to mention in your guide, Canadians, and Australians and maybe others, cannot sell off Coinbase. They have to do this transfer to other wallet thing and then sell, as this guy mentioned.

Read the same thing. You just need to do your research and have a game plan. That's why I think people should pace themselves when it comes to something like this. You learn a lot of important things in the process.

[MyAvatar]

do i wait for a correction/price dip or do i buy now ?

Your call bro. If I had more money to burn right this minute, I would wait for at least one correction and try and catch a dip. If a dip didn't come I'd buy like .3eth and then consider buying again within a few days depending on trend patterns.

[Bigbuster1]

This sht is so annoying. Was going to buy at 150, took until it was at 250 until my account got validated.

Got in at $250, but could only Got 300 bucks worth because there's a $500 transfer cap.

Idk what to do anymore

[Rangerz91]

do i wait for a correction/price dip or do i buy now ?

Apparently next EEA announcement is on Jun 14-15? If that's the case I can tell you what happened last time. The weekend before it shot up 100+ dollars up until the conference date. When the announcement was made public people started dumping. Eth dropped pretty violently from 215 to 110 but pretty quickly rebounded between 140-190. After a few days it leveled out around 150-160.

I personally would set a few buy orders around 230 250 270. However, it could just keep going up. who knows.

[MyAvatar]

This sht is so annoying. Was going to buy at 150, took until it was at 250 until my account got validated.

Got in at $250, but could only Got 300 bucks worth because there's a $500 transfer cap.

Idk what to do anymore

Just hold on. If you really want to buy, have someone buy on your behalf and have them send it to your wallet.

[halberstram]

This sht is so annoying. Was going to buy at 150, took until it was at 250 until my account got validated.

Got in at $250, but could only Got 300 bucks worth because there's a $500 transfer cap.

Idk what to do anymore

Money makes money, if you cant drop 20k+ dont bother.

[Howiester]

Money makes money, if you cant drop 20k+ dont bother.

wat

[MyAvatar]

wat

But isn't money always money regardless of sum?

[Howiester]

But isn't money always money regardless of sum?

well the true trick is to get in before a coin explodes, not dump 20K once it reaches ATH.

[Bigbuster1]

Money makes money, if you cant drop 20k+ dont bother.

How exactly are you dropping 20k?i signed up thru Gemini and they capped me at 500 dollars a day

[MyAvatar]

well the true trick is to get in before a coin explodes, not dump 20K once it reaches ATH.

Well yeah of course. Hence ICOs and early growth coins hehe

[TheDude88]

How exactly are you dropping 20k?i signed up thru Gemini and they capped me at 500 dollars a day

Gemini has no limits on wire transfers

[Bigbuster1]

Gemini has no limits on wire transfers

doesnt the wire transfer take 3 to 5 days to show in gemini?

[MyAvatar]

350. Wtf

[VibratingMunt]

Damn. The people asking if its too late or if they have missed the train a few days ago would've made quite a nice return.

Nice rally going, when you wake up and you just make $5k in your sleep its hard to believe its real.

[IntelExchange]

how high do you boyos think the price will go ? Its already at about 380. I hope it will stay at least under 430 until Thursday, that is when I get to go to the bank and put more $$ in

[VibratingMunt]

how high do you boyos think the price will go ? Its already at about 380. I hope it will stay at least under 430 until Thursday, that is when I get to go to the bank and put more $$ in

Hard to say with the question marks on the EEA announcement in the next few days.

[cncman]

Alright boyos, just got in with a first purchase at $283.00 per coin. My coins arrive Friday.

you already made a killing in 3 days, good work

[2020Wellness]

Damn. The people asking if its too late or if they have missed the train a few days ago would've made quite a nice return.

Nice rally going, when you wake up and you just make $5k in your sleep its hard to believe its real.

It's the truth! I bought in on Friday and some on Saturday and my gains have hit 4 figures already.

[3maj]

Guys that profited from the sudden surge, what now? Do you cash out fully, partly, or keep riding it?

[cncman]

Guys that profited from the sudden surge, what now? Do you cash out fully, partly, or keep riding it?

there will be a speculative selloff somewhere. I'd ride.

[3maj]

there will be a speculative selloff somewhere. I'd ride.

For how long? How do you make the decision to cash out? I must admit I am not too informed when it comes to this, but I seem to remember BTC peaking and then tanking big time.

[VibratingMunt]

For how long? How do you make the decision to cash out? I must admit I am not too informed when it comes to this, but I seem to remember BTC peaking and then tanking big time.

I was originally gonna take out 20-25% at $350, but didn't expect to hit it so quickly, so gonna ride it regardless of whether it goes up or down now until mid july then see about options on cashing out ~25% just before the BTC debacle due to the uncertainty. However, will never FULLY sell until well into the future.