Pretty much how I view it too Benson - but I fucking love a gamble.
Crypto Currency - Believers Only
Wally That just looks like clickbait conspiracy theory crap.
I understand about 5% of the garbage in this whole thread. But I do understand the concept of a blockchain and I know that I know more than the average Joe. I also know that the only way to get rich from bitcoin is to sell it for dollars / pounds. So some people are gonna be left holding it when the music stops. Don’t be that person.
benson Yeah, it’s a punt, as much as many shares are a punt. Long term, as far as I can see, stock market will give you more interest than any bank account. I discovered at one point my HSBC ISA was giving me something like 0.01% interest. I went in and asked about it and they said yes, that was correct, no they couldn’t do anything about it, and yes, I should bank somewhere else
None of the above is financial advice, I know less about finance than I do about sport.
All of this is giving me a headache. Thank fuck I’ve got United Liverpool later to lose my money on in the good old fashioned sense
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So my Binance account was verified and now it isn’t again for some reason?
##edit Verified again ffs
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Lol. Am I really supposed to believe that a company registered in the Cayman Islands would have anything to do with money laundering?
Holding large amounts of crypto on exchanges brings convenience to trade but inherent risk.
If you are an investor like me, buy on an exchange then withdraw to a person wallet, software or hardware.
There are different types of wallets, some hold many different cryptos, others just one like Yoroi for ADA.
Why would you use Yoroi? You can stake your ADA to earn 5-6% APR per year to earn passive income, alongside the price action.
By moving crypto to a personal wallet you are taking control of it, and you are fully responsible. Just basic good housekeeping and you will be fine.
If you are dabbling with <£1000, then you could argue is it worth taking it off an exchange? Up to you.
Good thread about what likely really happened with Musk and bitcoin: