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Wookie, the coinbase bashing is a bit silly. You can buy through gdax (part of coinbase) without paying fees.
I would say a minor noob percentage of traders would utilize a cc to buy cryptos.
store that hardware wallet in a safe deposit box at a bank.
anon_3a1a3 saysstore that hardware wallet in a safe deposit box at a bank.
Help me understand here? People buy crypto to get away from government control of the finance system, but then go put their wallet in a safe deposit box at a bank, that they don't control and which is under government control (by regulations).
I agree to some extend. There are def. people who think/want Cryptocurrency to replace our current monetar system and take over. However, I think over the years crypto fans realize you need to work with the system not against. (Pay your taxes etc.) now, it seems that the “system” even sees value in blockchain tech and wants to regulate it instead of banning it.
I totally agree though that it’s funny if you have a bitcoin fanboy thinking that btc will hurt banks but then go and store the private keys at a bank!
Personally, I am just in it for the money. I store my hardware wallet at a bank, pay my taxes and don’t invest more than I am willing to lose.
anon_3a1a3 saysI would say a minor noob percentage of traders would utilize a cc to buy cryptos.
The last report I saw said it was like 25% of buyers.
Yes there might be Stark differences between crypto and stocks but basic TA can be applied similar to stocks wouldn’t you agree?Totally agree however the main diff is confirmation premiums, circuit breakers when the $$$s who actually move this market pulls the liquidity price can jam past any and all stops due to the vacancy of buyers on the other side locking in untold masses at high prices... ..... anon_3e01a says
I'm heating my home with BitCoin mining rigs this winters. Its a win, win, win. What could go wrong?lol I totally support the tech and there are fortunes yet to be made and great buys on mining rigs.
Crypto is going to explode in 2018.
Nobody ever said buy now or be priced out forever with crypto.
start investing
As far as backing of a fiat currency goes. The dollar is no longer backed by the gold standard.
Central banks can print as much as they want.
It’s exciting and very profitable
Yea, to me it’s not gambling. It made me a lot of money.
As of now the marketcap is not even close to the stock market cap during the dot com bubble. This baby has legs.
If you don’t believe in the tech and rather invest in stocks that is totally fine. I am not a financial advisor. Just a happy crypto investor. It’s exciting and very profitable
I sell after parabolic run ups and wait for a correction/crash to buy back in.
The rest of your questions seem a bit useless.
Lol, you really like to get into it.
Sry I’m not your guy to go back and forth.
my bet is it will reach 30k and we will see 1trillion market cap for crypto
The products are high risk and the entire industry has come under increasing regulatory scrutiny across Europe over the past year. The UK's Financial Conduct Authority warned in November that cryptocurrency CFDs "are extremely high-risk, speculative products" that "place you at risk of suffering significant losses." The FCA found that 82% of people who use the products lose money, suggesting CFDs are more akin to gambling than investing.
It's a BUYING OPPORTUNITY!!!!
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Hi guys,
I'd like to start a conversation on crypto-currency, particularly Bitcoin.
What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.
For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?
Also, how are gains taxed compared to typical stock market gains?
I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.
At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.
Thanks guys!