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  • Crypto Currency - Believers Only

Tulip mania.

(He says because he’s salty no one bought his ‘I’m rich’ white text on a black background jpg for 100 ETH)

Hursty Was it Binance who where stopping people from transfering their coins to their private wallets? My dodgy memory is playing up again.

      Amps Not really, from time to time they suspend withdrawal, but all centralised exchanges do at some point.

      Binance have the easiest app to use with the most cryptos listed, not saying they are most ethical or are squeaky clean, but hey we are talking money here, name me one bank that hasn’t been done for dodgy dealings

      • Amps replied to this.

          Hursty Oh the banking sector is cunts-a-go-go, no doubt, but I was just wondering if anywhere had become a proper s-werve in recent weeks when it came to purchases and transfers etc.

          Have a small amount on investable cash at the moment and struggling to decide where to put it: crypto / shares / under the bed///…

              Amps Apart from Binance having to comply with some findings by the FCA which they have done, nothing else much going wrong. Coinbase are about as reputable as any exchange, but not sure on their fees.

              Investing in crypto is always a dilemma, do you believe Bitcoin is No1 and will be always, only ever 21 million so the price will go up regardless as it has done in the last decade, or do you favour the next generation layer 1 chains which do not rely on mining? Layer 1s like Atom, Sol and Cardano are all solid investments to be fair.

              As for Layer 2, take you pick, loads of great projects out there destined to be huge

                Having been completely compromised by Binance during my only foray into the world of Crypto, I would suggest going with a different platform

                This is the issue with crypto, the on-ramps are painful and not easily understandable, but to be fair, so its Trading212.

                Revolut and Paypal are making it easier, but the issue is, you don’t technically own the asset, so it has inherent risk as you cannot transfer to a personal wallet for safe keeping.

                • LT42 replied to this.

                  When I go back in I am going to ensure I understand it all a bit more. Not for now

                  ‘Cryptoassets’ by Chris Burniske and Jack Tatar is an excellent read and a great intro to all things crypto

                    Hursty I’ve yourself and Wally to thank for guiding me through the shallow waters. Already trebled my investment. 👍

                        Those of you holding ADA and have it staked.

                        Are you just leaving it staked for long periods without claiming your rewards or claiming the reward then re-staking?

                          Where are people staking their coins? Any recommendations?

                          • Matt replied to this.

                            Wally I’ve just been staking mine through my Exodus wallet. Not sure if it’s the best option though

                              Matt if you stake via an official wallet the rewards are compounded automatically, not sure about Exodus however

                                LT42 Awesome, hoping we get another significant increase in profits this year as well, lots of exciting developments coming very soon for Telcoin and Cardano to mention just 2

                                  Hoping to Christ that’s a fake AITA.

                                  Worth a read and a follow - this ‘rookie’ is the director of global macro economics at Fidelity