Originally Posted by mnchiefsguy:
What other crypto currencies are worth a look besides bitcoing?
Was thinking of investing some of our stimulus money in some bitcoin, but I was also thinking some diversity would be a good thing.
Thoughts?
Bitcoin, Ethereum and Litecoin are the biggest in that order and arguably safest. They tend to all move tightly together though. If you like more risk Dogecoin but it's not as easy to trade. Personally I just stick with Bitcoin. [Reply]
Originally Posted by MTG#10:
Bitcoin, Ethereum and Litecoin are the biggest in that order and arguably safest. They tend to all move tightly together though. If you like more risk Dogecoin but it's not as easy to trade.
ADA might be a good one. It has the 3rd highest market cap among cryptos. It also has a ton of potential and will be available to buy on coinbase tomorrow. (Unless it's a tad late but it gets a good retail push with the coinbase listing and the stimulus checks) [Reply]
If you don't know how to buy btc you can always just sign up thru Bovada, deposit with USD, play a bit and withdrawal to BTC and move to trusty cold wallet storage. [Reply]
If you don't know how to buy btc you can always just sign up thru Bovada, deposit with USD, play a bit and withdrawal to BTC and move to trusty cold wallet storage.
For anyone considering actually doing this, this is horrible advice. It’s literally never been easier to buy BTC from several different, reputable sources. [Reply]
Originally Posted by Jewish Rabbi:
For anyone considering actually doing this, this is horrible advice. It’s literally never been easier to buy BTC from several different, reputable sources.
Why is it horrible advice? There are reasons why people would not want to buy BTC from exchanges or other places. Some places even charge a fee. There are many money under the mattress people. And I don't trust any exchange or anywhere but a cold storage wallet to hold my bitcoin. [Reply]
Originally Posted by MTG#10:
Bitcoin, Ethereum and Litecoin are the biggest in that order and arguably safest. They tend to all move tightly together though. If you like more risk Dogecoin but it's not as easy to trade. Personally I just stick with Bitcoin.
Originally Posted by BWillie:
Why is it horrible advice? There are reasons why people would not want to buy BTC from exchanges or other places. Some places even charge a fee. There are many money under the mattress people. And I don't trust any exchange or anywhere but a cold storage wallet to hold my bitcoin.
Coinbase and Kraken are both pretty easy to use... and better than the alternatives. [Reply]
Originally Posted by BWillie:
Why is it horrible advice? There are reasons why people would not want to buy BTC from exchanges or other places. Some places even charge a fee. There are many money under the mattress people. And I don't trust any exchange or anywhere but a cold storage wallet to hold my bitcoin.
How many people are realistically going to make money or even break even playing poker to cycle through their deposit?
I realize that is your job, and it is possible, but you get paid because people try to do something like that. [Reply]
Yeah many inflationary payments hitting people's accounts today I suspect bitcoin will see a pretty good bump. PRINT MOAR USD PRINT MOAR USD PRINT MOAR USD SOLVE PROBLEM SOLVE PROBLEM SOLVE PROBLEM PROBLEM NOT SOLVED PROBLEM NOT SOLVED MUST PRINT MOAR USD MUST PRINT MOAR USD [Reply]