All you people saying you (or someone you know) bought X worth and notw it's worth X worth (i.e. a heck of a lot more), can you ever realise the value/sell your 'holding' for actual cash?
The can. It's easy to convert into money, no different from changing euros to pounds
All you people saying you (or someone you know) bought X worth and notw it's worth X worth (i.e. a heck of a lot more), can you ever realise the value/sell your 'holding' for actual cash?
The can. It's easy to convert into money, no different from changing euros to pounds
But how and where? Not at a Forex shop obviously...
All you people saying you (or someone you know) bought X worth and notw it's worth X worth (i.e. a heck of a lot more), can you ever realise the value/sell your 'holding' for actual cash?
The can. It's easy to convert into money, no different from changing euros to pounds
But how and where? Not at a Forex shop obviously...
On an exchange. Coinbase is one of them. As simple as pressing sell and typing how much you want to sell.
Pyramid selling in virtual currency? Last ones holding the Bitcoin end up broke!
It's a Ponzi / tax avoidance or worse. We buy investments, pensions and property as well as shares in the full knowledge that there is regulation and an underlying asset, i.e. we can track the price and ALWAYS cash if required.
Cryptos are a hiding place for some unpleasant trading activities (hard drugs, kiddy porn, gangster stuff) and may well be regulated if governments see a WIN.
Blockchain technology (the underlying technology) is being looked across global financial services but it has to be regulated.
Sure if you think there might be a global crash then sell everything and buy a non standard investment. But when things crash there's a 0% guarantee that you can cash out your bitcoins or whatever crypto currency. Might just as well be tulips!
Pyramid selling in virtual currency? Last ones holding the Bitcoin end up broke!
It's a Ponzi / tax avoidance or worse. We buy investments, pensions and property as well as shares in the full knowledge that there is regulation and an underlying asset, i.e. we can track the price and ALWAYS cash if required.
Cryptos are a hiding place for some unpleasant trading activities (hard drugs, kiddy porn, gangster stuff) and may well be regulated if governments see a WIN.
Blockchain technology (the underlying technology) is being looked across global financial services but it has to be regulated.
Sure if you think there might be a global crash then sell everything and buy a non standard investment. But when things crash there's a 0% guarantee that you can cash out your bitcoins or whatever crypto currency. Might just as well be tulips!
The point behind crypto currency is that it’s encrypted ie it’s beyond regulation or any central bank. That’s the appeal of it.
Saying bitcoin is used for drugs etc so shouldn’t be used is a silly arguement against crypto, it’s like saying you shouldn’t use whatsapp because some bloke who went nutty and stabbed a police officer used it.
I just dont 'get' it. So, if your hard drive gets stuffed and it got the bitcoins then you lose them? What happens if youve copied them to anothe hard drive - do you have 2 lots of bitcoins?
On trying to understand more about crypto currencies, i discovered an alternative to Bitcoin that clearly might be more appropriate/interesting to some lifers... https://en.wikipedia.org/wiki/Titcoin
Comments
Cryptos are a hiding place for some unpleasant trading activities (hard drugs, kiddy porn, gangster stuff) and may well be regulated if governments see a WIN.
Blockchain technology (the underlying technology) is being looked across global financial services but it has to be regulated.
Sure if you think there might be a global crash then sell everything and buy a non standard investment. But when things crash there's a 0% guarantee that you can cash out your bitcoins or whatever crypto currency. Might just as well be tulips!
Saying bitcoin is used for drugs etc so shouldn’t be used is a silly arguement against crypto, it’s like saying you shouldn’t use whatsapp because some bloke who went nutty and stabbed a police officer used it.
So, if your hard drive gets stuffed and it got the bitcoins then you lose them? What happens if youve copied them to anothe hard drive - do you have 2 lots of bitcoins?
https://en.wikipedia.org/wiki/Titcoin