Stock market
- Thread starter High kev
- Start date
Punisher84
Just some asshole
Only like 8% of currency world wide exists as paper.
H.A.F.
a.k.a. Rusty Nails
They are less likely to mess with a federally insured bank. Like I said, it's all about who or what is securing your money.
H.A.F.
a.k.a. Rusty Nails
I know that in reality it is not too different from US currency - and yes, as the US economy circles the bowl the value of that currency will decline, but who is guaranteeing the bit-coin (et.al.) that you invested in? And you can't spend bitcoin on milk so at some point the two must meet. That is where they get you.
H.A.F.
a.k.a. Rusty Nails
We already are - but my virtual money is US currency backed by our POS government. What entity guarantees your bitcoin will be there in the morning?
Fiddler's Green
Just a regular vato
You magnificent bastard.
My foot was tapping the whole time. Now that shit's looped in my brain. The boss is going to be looking at me throughout the day shaking her head.
Now1more
Super Active Member
Here we go! February 8th. Ethereum hit the CME futures market. Everything is going through the damn roof today. BTC is at an all time high, most altcoins are in double digit movements since yesterday. Meanwhile, ETH is just hovering around it's ATH. I'll be honest, I don't have a grasp on this market anymore. So much easier with retail investors, now with institutional money in it throws a monkey wrench in the works. Going to be a year before I feel confident again in this ecosystem.
Now1more
Super Active Member
@High kev Musk just dumped 1.5B into BTC. I guess that's your answer to buying back in. BTC just broke an all time high (ATH) today. Invest wisely my friend. Still recommending Cardano. Elrond has been going though the roof! Following the same path as AAVE, which saw a 1500% increase. These cryptos are making millionaires.
Sorry to bother youins, if I get an app like uphold, and link a card to it, is that all I need to buy stuff with bitcoin, or the ether something or another, etc? Does it matter if bitcoin is down, or do I pick another one that's up or positive? Sorry to be stupid bout it. Thanks
I think you got it right. download an app link your card and buy bitcoin when u buy something like beans or anything online. it should pop up as an option I believe. I think bitcoin is one of the only options that people use to pay for things but I could be wrong. And I think bitcoin will be going up in value. But I’m far from an expert
Now1more
Super Active Member
@Bodyne I'd be careful with apps. I have uphold, but haven't used it yet. I use Coinbase, Binance.us, and Bittrex. Both coinbase and binance can link directly to your bank account and will allow you to make larger deposits/investments. If you link to a debit card, coinbase will only allow a $750 amount each week. You can leave your cryptocurrency on an exchange and depending on the coin/token, you can stake it for more gains. Otherwise, you're going to need a wallet. Most exchanges will have wallets for the larger cryptos, but for obscure ones, you'll need to download a wallet. There's also cold storage (offline hardware wallet), which is the most secure.