Cryptocurrencies

[nickmossburg]

Other than bitcoin what other cryptocurrencies are you watching right now? It seems new ones are popping up every month and hard to know which ones to take seriously.

[pyroguy]

Yet another reason to not have anything to do with cryptocurrencies:

This crypto exchange can't repay $190 million to customers because the CEO died with the only password

My main reason for staying away is the volatility. If there was a stock that was such a roller coaster ride as crypto currency most of you would have bailed much sooner if you ever got on board at all. This stuff goes from $8,000 one day to $18,000 the next month and back to $4,000 two weeks later. Some get lucky, many lose their shirts. Good for you if you're one of the lucky ones.

[TRZ06]

Originally Posted by nickmossburg

Other than bitcoin what other cryptocurrencies are you watching right now? It seems new ones are popping up every month and hard to know which ones to take seriously.

I am invested in ICON (ICX) for the long term.

I am not really a trader, so I am just using it as a long term deal. It is one of the real legit projects out there with real solid backing.

When the market matures and eventually grows, ICON will be one of the major players, IMO.

[pyroguy]

Originally Posted by harryjosh

Crypto is the future of money and it is more flexible and secure and will evolve in the future. Paper money In developed countries, only 10% of people use it, it has more expenditure printing, storage, delivery, banking services, etc.

While Cryptocurrency price tracker does need it, today this is just an idea and a programming matrix, But its value is more than one dollar and if it is supported by corporate resources and the situation will change significantly to better or worse.

The main thing is who will be the first corporation to dare to do this and who will be the first to receive benefits the most.

The problem with cryptocurrency is that there is nothing to back it. Zero assets whatsoever. Paper money is backed either by gold, infrastructure, or some form of government plan that has tangible value (likely land snatching, property seizing, etc).

The reason why cryptocurrency is so volatile is because it is only what a person feels it's worth that day. It's all emotional. The reason why single stocks are so volatile is because it depends on how that company reported doing business that day. If it cost "X" dollars to do business and that was more than the anticipated "Y" cost then their stock goes down. If they made a big sale that day their value goes up. Still tangible money changing hands for good/services.

At the end of the day, if you can make money in cryptocurrencies then good for you. However, IMO you might as well be spinning the roulette wheel in Vegas because the gamble is about the same.

[Elmi7]

If you want to stay informed and know all the details about the crypto space, I suggest joining the best crypto signals. It'll be useful both for newbies and for experts. Based on my personal experience, I know it works perfectly, it helped me to make a lot of money.

[TRZ06]

Originally Posted by harryjosh

I did use once and invest money in 4 years ago and that time was great but haven't had any idea that one bitcoin going to be this expensive. I have made a decision to buy some cryptocurrency, just not sure it will be Bitcoin. There are a couple of others just starting that might be a little easier on the wallet to get into.

You do realize that you can buy a faction of a bitcoin or any other crypto currency right?

[Stringpit]

I'm interested in getting into it, more just to get my feet wet more than anything and see what it's all about. I need to learn some more about it before I throw any money at it though. I guess maybe bitcoin is still the place to start as someone new to it?

[Gigachip]

Originally Posted by Stringpit

I'm interested in getting into it, more just to get my feet wet more than anything and see what it's all about. I need to learn some more about it before I throw any money at it though. I guess maybe bitcoin is still the place to start as someone new to it?

My advice, do not mine it. You'll never get a return on what you invest. What you can, and should do, is buy when it gets low. And sell when it gets high, or hold it.

[DianaR]

I'm interested in it too. Indeed, cryptocurrencies are extremely popular nowadays! I also suggest that you pay attention to software development, as it is also up and growing. You just need to find a reliable software outsourcing company that would implement your app idea properly.

[Feravote]

Well I guess Cryptocurrencies are our future. I know some places in UAE are actively using this type of currency for different purposes. About a month ago I heard that there is a company through whom soon you will be able to buy real estate in Athens and pay with Bitcoin or similar. Did anyone heard about that?

[LillyPinon]

It is a good investment but I am not doing it because of many hacking issues. By the way, which wallet is the safest one?

[TRZ06]

Originally Posted by LillyPinon

It is a good investment but I am not doing it because of many hacking issues. By the way, which wallet is the safest one?

It's not as risky as it used to be. The major Exchanges will set things right if there is ever a hack. BinanceUS, Binance, & Coinbase I would and do trust.

I haven't used a wallet, because I actively trade the macro swings and want the money ready to move.

Where people run into issues are on the lesser known exchanges or allowing a BOT your private keys to do BOT trading.

[Lockimin]

Originally Posted by LillyPinon

It is a good investment but I am not doing it because of many hacking issues. By the way, which wallet is the safest one?

It is not only about hacking but also about the volatility of cryptocurrency. In my opinion in terms of investment real estate is better as the prices there don't change that quickly. I have been following the prices in this particular area https://virtoproperty.com/property-f...ante/elche-elx and can say that BTC has changed hundreds % compared to these particular estates.

[pyroguy]

Originally Posted by Lockimin

It is not only about hacking but also about the volatility of cryptocurrency. In my opinion in terms of investment real estate is better as the prices there don't change that quickly.

I thought I was the only one on this thread not overwhelmingly in favor of cryptocurrency. Real estate is overall a great investment and my personal strategy is mutual funds. Real estate can grow larger quicker than mutual funds, but it also has low liquidity which is why I like mutual funds. When I get to a point where I can afford real estate in addition to my mutual funds I think I'll start acquiring both, but until that time I'll have to stay out. At least it doesn't have the regular daily roller coaster effect of cryptocurrencies.