Finance Cryptocurrency Basics: Part 2 - General Concepts & How To Invest

Started by Slyk, Jan 2, 2018, in Life Add to Reading List

  1. icecube
    Posts: 9,506
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    Location: London

    icecube West Coast is the Best Coast

    Jan 14, 2018
    I definately see the potential of it. And I don't for a second think the increase is over. All these negative stories recently can only be a good thing because once again a digital currency I'll prove to bounce back.

    I'm very interested in the journey ahead!
     
    #41
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  2. dna hits
    Posts: 5,790
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    Joined: May 3, 2017

    Jan 14, 2018
    Mad because you never went in on cryptocurrency before some took off. I enjoy listening to the news broadcasters since 2013 “bitcoin will crash” “bitcoin will never hit 4K” Mark Cuban last year “it’s just a bubble not worth the risk.” Mark Cuban in 2018, investing in crypto currency
     
    #42
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  3. dester23
    Posts: 3,021
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    Joined: Jan 18, 2015

    dester23 DonChapagneson

    Jan 14, 2018
    You are not getting the point.
    I am sating that if Bitcoin establishes it would be a huge L for the people, we will lose money soberanity. I am not mad I am worried what would happen if bitcoin substitutes real money. I am not interested in investing in something that would harm many people. Not talking about the investors. I hope I am wrong.
     
    #43
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  4. Slyk
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    Location: Detroit -> Cali

    Slyk God made a prophet.

    Jan 14, 2018
    yeh i've been thinking about this a bit lately too... help me out with this:

    IF bitcoin (or another crypto) becomes the true currency, then what happens to the dollar? As more money is poured into crypto and it develops into the "one true currency" (or whatever), then that means that people will be holding fewer USD/fiat and more BTC. And as that transition takes place then would the perceived value of the USD/fiat would go down? I'm not sure how that would play out, but is there risk for it coming to a point where your paper dollars aren't worth more than the material they're printed on? And if you didn't jump ship into BTC then your money isn't worth anything? Fiat has government backing, so i really duno how all that would play out longterm.
     
    #44
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  5. Jakey
    Posts: 11,334
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    Jakey You Reckon

    Jan 16, 2018
    @Slyk apparently i can only buy and not sell using Coinbase in Australia, should i just use something else or is there an alternative?
     
    #45
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  6. Slyk
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    Slyk God made a prophet.

    Jan 17, 2018
    Same true for Gemini?
     
    #46
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  7. Jakey
    Posts: 11,334
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    Jakey You Reckon

    Jan 17, 2018
    That site doesnt even operate in Australia. There is an Australian site I was told to use but im having trouble with that, its not adding my bank account
     
    #47
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  8. Nazir
    Posts: 838
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    Location: Anti Sobriety Clinic

    Nazir Xanman

    Jan 17, 2018
    step 1: buy bitcoins
    step 2: buy drugs


    result: drugs in mail

    Edit: l0l bitcoin crashed rip yall investors
     
    #48
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  9. Slyk
    Posts: 8,493
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    Slyk God made a prophet.

    Jan 17, 2018
    that's pretty much where my knowledge ends but i was able to find someone talking about using "btcmarkets" and "coinspot" from AUS.
     
    #49
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  10. Torrens
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    Joined: Nov 15, 2021

    Nov 15, 2021
    You gave a pretty nice and important piece of information. But I'm interested what will you say about privacy coins? I'm especially interested in Crypton https://u.is/en/currencies.html from Utopia p2p. It has its own decentralized no KYC exchange, which couldn't be tracked or blocked anyhow. But the public coins can suffer a lot. At least their owners and holders. Am I right?
     
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  11. Flacko
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    Location: LDN

    Flacko Too Blessed To Be Humble

    Nov 15, 2021
    Oh no rip us indeed!
     
    #51
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  12. Comanery
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    Joined: Jul 10, 2022

    Comanery Banned

    Jul 13, 2022
    Any update? It seems like a good time to invest
     
    #52
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  13. Jensyy
    Posts: 64
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    Joined: Jun 19, 2021

    Jensyy Banned

    Jul 13, 2022
    In what exactly? We where discussing with my colleagues if that would be a good idea to buy a crypto license here and start trading crypto ? Is someone already doing it? What mistakes should i avoid at the beginning.
     
    Last edited: Jul 22, 2022
    #53
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  14. Step Daddy
    Posts: 7,323
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    Joined: Jul 5, 2016

    Jul 13, 2022
    Lot of quite crypto investors , how much money did y'all lose
     
    #54
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