Crypto Currency - Believers Only

Kells77 i got $10 in free btc when i signed up with coinbase, it bottomed out at $4 and it’s worth over $40 today. thinking about withdrawing it and paying for part of a tank of gas.

Hursty it wasn’t a rookie mistake, i was day trading. only had $800 in, if i was heavily invested, i would’ve had cold storage along with a trading stack. canada revenue failed to disclose that the exchange hadn’t paid taxes in 2 years and their insurer was equally quiet about them dropping their coverage, despite still advertising it. i did my due diligence and got screwed anyways, but that’s life. i feel bad for the people who had their lives invested (although leaving those amounts on an exchange is pretty dumb).

303abuser Hahaha…might as well leave it in and see if it grows even more! That’s my strategy. I don’t have a lot of skin in that game, but it’s enough for a little getaway at the moment Hopefully it’ll grow enough for a full fledged holiday….then I’ll think about taking it out haha

I bought 500 quids worth of XRP years ago when it was worth fuck all, hoping it would explode like bitcoin did. Last time I checked, it was actually worth less than fuck all.

Kells77 i wouldn’t touch anything but btc or eth, but that’s me. you can check out etfs too, if you want something long term and more compatible with retirement savings plans.

Matt i think it’s being de-listed next week (i might have the time frame wrong, haven’t followed it that closely), basically it’s worthless now.

Hursty yeah for sure, i knew the risk, thought i had my bases covered. it’s generally very good advice to use cold storage.

i still think bitcoin isn’t even close to being scalable and won’t be long term until they figure out how to make it easy and as close to error proof as possible. the average person wouldn’t manage to transfer it from one account to another without permanently losing it at some point.

Kells77 that’s actually my thought too. leave it there and if it hits $1M, i have my initial investment back.

303abuser yeah, I wrote it off as a bad move years back. Thankfully it was only a few hundred quid. At the time I bought it, it was being touted as having potential to be the next big thing. You win some, you loose some.

Kells77
Thanks Kells. What are their fees etc.

Hursty i obviously don’t know much about it, but that was why i bought eth previously. just looked like a better idea. i’m sure blockchain tech and some of this stuff will be very useful in the future, but it’s a long way off yet.

Currently considering San Diego based weed stocks.

Dubman No charge for hosting or storing crypto (their help site says USD, so it could be different for other currency, but not sure) or transferring from one Coinbase wallet to another. To transfer crypto off Coinbase (to a bank or investment account, etc) incurs a transaction fee that they estimate, which includes network transaction fees, miner’s fees, etc. I haven’t tried to withdraw yet, but apparently they display the fees at the time of withdrawal. I also have a mining account (it’s shit, don’t do it) and those fees aren’t that high, so I wouldn’t imagine the fees to be too pricey, but being honest, I don’t know for sure.

if it’s the same as it was a couple of years ago, change btc to eth/ltc before you transfer it. faster and way cheaper.

Losing digital money.

Lol.

Here’s my tip - use the real stuff.

They’ve certainly got you on the reel Hursty!