Crypto currency
- Thread starter squeak
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If I had invested $300.00 in bitcoin a year ago.....I’d still have not a fricking clue what bitcoin actually is.
I’m good with my ignorance on the subject, thanks anyway.
Buy as your CryptoCurrency advisor, you would be buying me a very nice strong drink about now...If I had invested $300.00 in bitcoin a year ago.....I’d still have not a fricking clue what bitcoin actually is.
The guy on sharktank "Mr. Wonderful" (I think) had a good statement though about BitCoin. Its hard to call it a currency when you can't do any significant deals in it. Its simply too volatile. Its an asset, but given its rapid volatility you can't negotiate deals with it. Noone wants to own the risk of having the currency spike or fall mid-transaction. His example was a $200K trade on paper may be $160K by the time the assets are exchanged. He does have a point. Its going to have to become significantly more stable in price for it to become a general populace currency.
Bitcoin won’t ever be a currency. It is more likely to be an alternative to gold.
Disagree with this, infrastructure and market mass will take the volatility out of BC (or it's successor).
Either way, I believe it has value and isn’t going away.
If banks do set up crypto futures exchanges, I would seriously consider a hedge on bitcoin losing a lot of value.
It’s treated like a security now, so realized gains are taxable.
Call @CBradSmith - he might be able to comment... Generally I can say it isn't if, it is when. Early blockchain projects underway in nearly every bank of anysize.
I am glad I saw the thread on the non sports board, which led me here. I very seldom look at this board.
Anyway, Storage seems to be an ever changing game of its own. Amazing that some of the top choices two years ago are now a joke. I am leaning towards usb and paper in fireproof safe. One must also attach specific instructions for someone in case you die. Anybody use trezor?
I don’t like desktop and don’t trust ANYTHING online except to trade. Have you ever wondered how many of the hacks have been inside jobs. There is absolutely no way you could prove it. And, a very very small chance that you would have the opportunity to prove it.
Anyway, glad I found this. Happy buying, holding or trading to all.
Anyway, Storage seems to be an ever changing game of its own. Amazing that some of the top choices two years ago are now a joke. I am leaning towards usb and paper in fireproof safe. One must also attach specific instructions for someone in case you die. Anybody use trezor?
I don’t like desktop and don’t trust ANYTHING online except to trade. Have you ever wondered how many of the hacks have been inside jobs. There is absolutely no way you could prove it. And, a very very small chance that you would have the opportunity to prove it.
Anyway, glad I found this. Happy buying, holding or trading to all.
Davidallen, I am assuming the ftw comment was sarcastic. I never know how to take ftw. If so, I understand with the recent issues they have had. If not sarcastic, I also understand, because they are the biggest, easiest platform for USD. Even with their issues, I would point a novice that direction due to the simplicity. I prefer Kraken for trading, but would not recommend it for everyone. I am sure as soon as the govt gets involved it will all move offshore.
I would not trust any of them for storage or large trades. Call me crazy, but I would rather eat the fees and do multiple transactions with my tin foil hat on.
Has anyone used one of the atms?
Any thoughts on Ripple?
I would not trust any of them for storage or large trades. Call me crazy, but I would rather eat the fees and do multiple transactions with my tin foil hat on.
Has anyone used one of the atms?
Any thoughts on Ripple?
Serious on Coinbase. Admire their ambition and execution to date. Disclaimer: VC firm I work with is an interested party.
Will he interesting to see how the ETFs impact the ecosystem.
Will he interesting to see how the ETFs impact the ecosystem.
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