• General

  • Crypto Currency - Believers Only

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 That’s where the 3rd gen crypto’s come into play with smart contracts and Proof of stake methods of verification.

        Bitcoin is purely an investment option now like digital gold, it isn’t really useable.

            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.

              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.

                    Smallman1 It’s the future whether you like it or not.

                    Just take a second to think where the world will be in 10 years at the rate or change we are seeing.

                    Get involved.

                      They’ve certainly got you on the reel Hursty!

                        Smallman1 Lol to be fair I’m interested because I work in cyber security.

                          bosstrabs Let me see, you’ll only invest when Warren Buffer finally changes his mind and gets involved lol.

                          Watch this space.

                            5 days later

                            Too complicated and volatile for me. Will stick to paying down the mortgage and topping up the pension.

                            Yo, Alistair, can you tell us about your property portfolio again as though nobody else here owns property?