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Just a heads up.

Just a heads up.

(post is archived)

[+] [deleted] 2 pts
[–] 2 pts

As long as it's in a private wallet, secure private transactions will become the new norm.

[–] 1 pt

Clueless on bitcoin with a question. As someone who has only barely used bitcoin in micro amounts, is it really possible to do it privately anymore? I had a small amount left from a few years back that has grown to a few more bucks lately, and I thought about cashing it out. But I discovered that "Coinbase" is now suddenly asking for my ID, all of my information, my first-born child, you name it. So do you just have to be savvy and know how to use it without Coinbase?

[–] 1 pt

You have to find someone willing to send you money through paypal or some other means. Basically go to reddit and find someone with a lot of confirmed transactions on the crypto trading subreddits.

[–] 0 pt

It's harder to find those people because financial regulators routinely sets up stings to catch up anyone selling crypto privately.

[–] 1 pt

To be fair, most of the firms selling undefined "cryptoinvestments" or "cryptoassets" have turned out to be scams. It's just as easy to buy cryptocurrency directly (unless you are a publicly traded company).

As far as price fluctuation goes, it is really any different than buying stocks with 40 or 50 times P/E on large cap stocks?

is it really any different than buying stocks

It all just legal gambling, but buying stock in good solid companies which create tangible products and services and have substantial asset value is far better than any cryptocurrency. I see many of the tech companies traded on the NASDAQ as being just as bad as crypto.

[–] 1 pt

Yeah, a lot of the companies on NASDAQ are selling hope and dreams.

But even the successful tech companies don't really have assets other than code and a bunch of servers. And isn't that essentially was cryptocurrencies are, but decentralized? Yeah, tech companies sell services and being in ad revenues, but that could disappear overnight.

[–] 1 pt

I guess we'll just have to convert to Euro and foreign exchange its way back.