Cryptocurrencies: You in, or out?

True. But, in reality, unless we have a catastrophic event to occur, I don't see crypto going away. I do, however, see it becoming more popular, especially after Bitcoin recently broke $8,000 US. It is just too easy to make and receive payments this way.

 

True. I've seen them come and go, just within the short time I have been involved in crypto.

 

I imagine hackers would be more prone to go after exchanges, than individuals' computers.

I use / keep very little Bitcoin, anywhere.

Personally, I use all security available to me, regarding my wallets and in trading.

 

Crypto-currencies are nothing new....they have been around since the late middle ages. I believe they were called 'indulgences' Indulgence - Wikipedia: Heavenly vouchers, paid for with temporal treasure, redeemable upon death with a foreshortened residency in 'Purgatory'. Strictly speaking it wasn' t a free market commodity...the church holding a monopoly on the instruments it created. Many fine church edifices were built upon the efforts of pardoners, doing then, essentially what 'chuggers' (charity muggers) do today. It was a sweet scam...with a clever no refund policy; The dead tend not to litigate false advertising claims.

 

Having a Bank balance and they pay me less than inflation on intrest ,Is why im looking to buy AU &AG .
The Crypto has me looking , But NOT to the amount of the bank balance.
I can see - interest as it sits now.

Sloth

 

I recognized at $1 that it would be fun to try to get in on the scam for a while, but it has never entered my mind that it could be anything but a scam.

 

I can't speak for the past, regarding why. But, BTC has taken a nose dive a number of times in the past, yet, recently broke the $11,000 USD mark.

Please understand, I am not trying to talk anyone into buying crypto. It won't affect me one way or another, if they did. I was mainly curious if others here had bought any, especially since this site accepts it for donations.

Personally, I have purchased a few different coins. But, if I were to lose it all, it wouldn't be TEOTWAWKI. I wouldn't be a happy camper, but, it wouldn't kill me. After all, that is my number one rule on investing - never invest more than you can afford to lose.

EDIT: At the moment, it is back up to $10,332.

 

Oh I'm saying don't buy crypto. If you have it send it to me or the SM. We know how to dispose of it safely.
Survival Monkey bitcoin:17282WuJHksJ9798f34razfKbPATqTq9E7?label=survivalmonkey-resources
Me bitcoin:1GJ22L65bjLFD19WXGAc4sqY6dABAMjmTK

Seriously, this stuff is dangerous.

 

out
Cryptocurrencies are just stocks that are not on the market.
So they, like stocks, are interstate gambling, and as such are one of the few Actual sources of 'income' and as such are by nature under the pervue of the IRS.
And I don't want to do business with those people

 

I'll ask the same question that I asked every communications officer I ever met. "What happens when the power goes out?"

If you can't hold it in your hand, there's a good chance that it's imaginary, or might as well be, since you'll have no way to cash out.

I can put away a lot of food, fuel, ammo and barter goods for $10K, and I'm rather fond of eating and staying warm.

When talking about investing, a wise old gentleman once told me "You can't eat a Hummel."

 

Try this out, folks:

You Don’t Understand Bitcoin Because You Think Money Is Real

 

Yeppers. Where thieves go to where the money is.
It's a reminder to all miners and HODLrs that if you don't control the wallet .. all the r belong to us.

I think all told I've lost around 5 in exchanges, pools and in transactions where the seller never sent me my purchase but still got my coin.

It's a lesson we will learn over and over and over.

 

Bitcoin bubble or not...
Watch: Here’s what you’ll want to know about the ‘Bitcoin bubble’