May 26, 2020, 12:35:51 AM

Author Topic: Crypto Currencies?  (Read 1802 times)

Offline Derron

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Re: Crypto Currencies?
« Reply #15 on: January 14, 2020, 07:39:49 PM »
so those who are more intelligent / smart /  strong / agile / fast / endurant / motivated / ingenious / courageous / etc..., could earn more, but with a limit...

There is a simple answer and question in the same moment: why should they if there is a limit?

If you cannot reach for the stars, then you most probably won't even try.


Discussing this will sooner or later lead into a politics and "political system" discussion (as the "greed" is based on the political system and history). It is
a) derailing this thread
b) something I think Qube was not in favor to see (if I remember correctly).

So if you want to discuss about "crypto currencies vs old school invests" (or so) then open a new thread and we could write there - with the option to cross the borders to political discussions or "system" discussions.


bye
Ron

Offline RemiD

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Re: Crypto Currencies?
« Reply #16 on: January 14, 2020, 07:51:07 PM »
of course, we can stick to the technical aspects of crypto currencies and buying/selling, but the initial goal of bitcoin was also political in a way (more safety, more transparency, more freedom, decentralized). and the way the coins are distributed between the creators and the first buyers are problematic if the goal is to have a more fair money system...

can you criticize owners of big international banks if you do the same with cryptos ?

recently i learned about how coins were duplicated for bcc / bcg / btc, and it is insane ! (money from nothing indeed)
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Offline Derron

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Re: Crypto Currencies?
« Reply #17 on: January 14, 2020, 09:37:49 PM »
If you are into trading (here and there) than this coin forges are good chances - as you also gain something out of nothing. Same for "air drops".

For this it is important to remember: have your coins on a trading platform often means you will not receive these free coins - some platforms allow claiming them, but others don't. Yet I think this "ICO"-season was 2018 and for now we are still consolidating.


bye
Ron

Offline Kryzon

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Re: Crypto Currencies?
« Reply #18 on: January 16, 2020, 03:30:00 AM »
It depends on the kind of sale you do.
Market, Limit, Stopp-Limit, ...

Some act this way: 
(...)
Thank you for all the information Derron, it's the first time I'm reading about this. Where did you learn all this?

Someone said to me that cryptocurrencies (BTC especially) are best used for what they are, currencies, money for you to buy things with. 
Is it worth it to play the speculation game, trying to make money from them?

Offline Derron

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Re: Crypto Currencies?
« Reply #19 on: January 16, 2020, 06:17:42 AM »
Learning by doing / seeing stuff I do not know what they mean.


Speculation is good...as long as you are assuming the right future development ;-).
Long term holding/invest the same.


Bye
Ron

Offline fairgood

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Re: Crypto Currencies?
« Reply #20 on: January 19, 2020, 07:42:42 PM »
The ledger Nano is a good secure hardware wallet for crypto
https://shop.ledger.com/products/ledger-nano-s
www.youtube.com/watch?v=GPpZxOjvU10
You just need to check it supports the coin you want to store
Nano X is a little more expensive but has more storage

All in for #VET VeChain here myself :)


Offline Matty

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Re: Crypto Currencies?
« Reply #21 on: January 21, 2020, 07:22:21 AM »
High risk investment = good odds you will lose your investment.

Offline Derron

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Re: Crypto Currencies?
« Reply #22 on: January 21, 2020, 08:28:36 AM »
If you lost your investment, then someone else won it. Who says you cannot be the one who wins the investment of someone else?


bye
Ron

Offline RemiD

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Re: Crypto Currencies?
« Reply #23 on: January 24, 2020, 11:23:21 AM »
after some research, i bet for bitcoin and bitcoin cash, my reasoning is this :
these cryptos are far from ideal and fair, but bitcoin is the most popular name in the normal (not IT / not finance ) world, and like on others topics, most people repeat and follow without caring of knowing the truth / details.

so i think, they have the most potential of becoming known and invested in.

some others crypto moneys can be better / more useful, but if they never become popular, what the point ?
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Offline RemiD

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Re: Crypto Currencies?
« Reply #24 on: May 14, 2020, 08:51:29 PM »
after some more research and experiments :

Quote
->can you backup your "wallet"/account offline, regularly, but still have it on an exchange platform (i use coinbase), to buy/sell ?
i suppose that a backup must be done after each transaction to be considered as valid ?
no need to backup the transactions of a wallet, the ledger (comptability, debit / credit, ins / outs, entrys / exits) of a crypto is decentralized...

you have to understand the difference between an exchange account (on an exchange platform) and a wallet or address :

an exchange account allows you to trade fiat currencies (EUR, USD, GBP, CHF) and crypto currencies (BTC, BCH, ...)

a wallet is a software/app which allows to receive/send cryptos securely (associated to an address)

an address is where you receive/send the cryptos (see bitaddress.org to generate one)

to receive money on your address you don't need any privatekey, but to send money from your address you need a privatekey. you can share your address to anyone, but you must keep your privatekey secret.



Quote
->how do you manage to get back the money (in USD/EUR) without being taxed ? (maybe keep it on a paypal account ? or buy a "temporary money card" ? or open an online bank account which is tolerant regarding cryptos transfers ?)
several ways :
->convert the crypto currency (BTC) to fiat currency (EUR, USD, GBP, CHF) and keep it on the exchange account.
now apparently you can pay with a visa card with some exchange accounts (coinbase, wirex)
->convert the crypto currency (BTC) to fiat currency (EUR, USD, GBP, CHF) and keep it on your paypal account.
->pay with the crypto currency (BTC) in webshops/shops that support it.

great  8)
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