Crypto Currency Thread
Discussion
Leroy902 said:
Governments around the world put a stop to crypto currency....it's inevitable (imo)
And that certainly won't stop cryptocurrency. Watch the video. Take note of what IMF head Christine Lagarde said at this week's Bank of England conference.Edited by Behemoth on Saturday 30th September 18:28
x5x3 said:
Thanks Yipper - as ever you are an expert in every single thread on PH
unfortunately your points are not facts;
South Korea actually banned ICOs not cryptos - link - I suspect you only read the headline and not the detail.
Russia cannot make its mind up - link - I suspect this is a big power battle between those in power who think they can make even bigger fortunes and those who fear the loss of power an independent currency would bring.
Actually Russia has sort of made up its mind, de-facto. I know because I was talking to a Russian about the possibility of mining there. 7 years in the clink for mining or having or using Crypto. unfortunately your points are not facts;
South Korea actually banned ICOs not cryptos - link - I suspect you only read the headline and not the detail.
Russia cannot make its mind up - link - I suspect this is a big power battle between those in power who think they can make even bigger fortunes and those who fear the loss of power an independent currency would bring.
that said I intuitively think that govt banning, in patches, stop it. With a now regulated BTC exchange and more large global players adding it to their list of ways to pay, I can see that momentum gained in non-banned countries will eventually sway the currently banning countries.
Very interesting and helpful crypto infographic:
http://www.visualcapitalist.com/wp-content/uploads...
http://www.visualcapitalist.com/wp-content/uploads...
Edited by Hellers on Sunday 1st October 17:56
Vyse said:
Do you guys send your currency to your private wallet immediately after purchase?
yes 100% - buy a trezor or similar hardware wallet.if you read the various reddit subs there are some very sophisticated social engineering scams being performed - people losing 5 BTC or more....
I have used bitcoin in the past to buy questionable things online but never "invested" in it.
Does anyone that deals with it currently have any views on Bitcoin Gold and the fork that is coming, I see litecoin going down and was guessing it was people buying bitcoin so when the fork happens they will have the same balance in bitcoin gold. Am i anywhere near the truth?
Does anyone that deals with it currently have any views on Bitcoin Gold and the fork that is coming, I see litecoin going down and was guessing it was people buying bitcoin so when the fork happens they will have the same balance in bitcoin gold. Am i anywhere near the truth?
mickytruelove said:
I have used bitcoin in the past to buy questionable things online but never "invested" in it.
Does anyone that deals with it currently have any views on Bitcoin Gold and the fork that is coming, I see litecoin going down and was guessing it was people buying bitcoin so when the fork happens they will have the same balance in bitcoin gold. Am i anywhere near the truth?
Bitcoin Gold has gone almost completely under the radar on most of the the reddit type forums. As I understand it there will be a hard fork with replay protection so you'll get coins on both chains. But I have not really seen any commentators who think the BTC Gold will have much value at all. In fact it is very similar to the other upcoming fork Segwit 2X which is trading low on the futures markets.Does anyone that deals with it currently have any views on Bitcoin Gold and the fork that is coming, I see litecoin going down and was guessing it was people buying bitcoin so when the fork happens they will have the same balance in bitcoin gold. Am i anywhere near the truth?
I'm a holder by nature but now seems to be a good time to hold BTC and see how things progress.
Also there have been some good news stories regarding how various countries view cryptos (e.g. link or link).
But as always do your own research and make your own decisions.
ChocolateFrog said:
A very noob question.
If I invest in BTC on eToro am I actually buying BTC?
You are, as of a few weeks ago - hence why you can only buy at a leverage of 1. Check their T&Cs, in particular the UK Cryptocurrencies addendum. If I invest in BTC on eToro am I actually buying BTC?
There is talk that they may make them withdrawable in the near future to your own wallet, but for the meantime they are kept in your account.
Try buying BTC and look at the fine print at the bottom of the trade window (no need to actually trade) - it warns you that you are carrying out a real transaction, not a CFD, and links to the relevant T&Cs.
Gassing Station | Finance | Top of Page | What's New | My Stuff