Crypto The Simple Cryptocurrency Guide for Newbies

Discussion in 'Other Asset Classes' started by hammer, 29th Dec, 2017.

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  1. KayTea

    KayTea Well-Known Member

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    Looking forward to seeing the answers to these - they're questions I've had myself.......
     
    KayTea, 7th Jan, 2018
    #41
  2. devank

    devank Well-Known Member

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    I'm a bit confused. If our banks don't let transfer money then how is this all going to work?

    When our or US or China banks or gov release their own version of Crypto then what will happen to the value of current Cryptos?
     
    devank, 7th Jan, 2018
    #42
  3. Luca

    Luca Well-Known Member

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    You can transfer money with BPAY to btc markets for example and then transfer back the profits into your bank account.

    What happens sometimes is that the volumes are so high that exchanges stop sometimes transfers, subscriptions and so on.
     
    Luca, 7th Jan, 2018
    #43
  4. devank

    devank Well-Known Member

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    Opened an account with BTC and coinSpot.
    I was able to BPay to BTC via ANZ. Still waiting for coinSpot's 'Account Holder Details' verifications. Going to play with a small amount to learn a bit more about this stuff.
     
    devank, 7th Jan, 2018
    #44
  5. samiam

    samiam Well-Known Member

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    I think I have learned more since I had put small amount in this game. My exposure is <3000 but doubled in last few weeks.
     
    Last edited: 7th Jan, 2018
    samiam, 7th Jan, 2018
    #45
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  6. Noobieboy

    Noobieboy Well-Known Member

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    Uh oh. How much is a wheel worth now? How about a light bulb? Maybe a telephone? None worth the crazy money speculators are paying for crypto.

    There is no competitive advantage either. It’s so easy to replicate any e currency.

    There is money to be made while the current speculative bubble expands. But tread carefully.
     
    Noobieboy, 7th Jan, 2018
    #46
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  7. trinity168

    trinity168 Well-Known Member

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    trinity168, 7th Jan, 2018
    #47
    samiam likes this.
  8. Noobieboy

    Noobieboy Well-Known Member

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    Noobieboy, 7th Jan, 2018
    #48
  9. samiam

    samiam Well-Known Member

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    samiam, 7th Jan, 2018
    #49
  10. noogie60

    noogie60 Well-Known Member

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    Here's a funny rap about crypto. From teamHODL - Lambo land. lol:)
     
    noogie60, 7th Jan, 2018
    #50
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  11. chylld

    chylld Well-Known Member

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    Great thread/OP @hammer! Only just found this thread now.

    Happy gambling/trading/investing/hodling everyone :)
     
    chylld, 10th Jan, 2018
    #51
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  12. Ouga

    Ouga Well-Known Member

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    [​IMG]
    [​IMG]
    [​IMG]
     
    Ouga, 11th Jan, 2018
    #52
  13. MTR

    MTR Well-Known Member

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    MTR, 12th Feb, 2018
    #53
  14. hammer

    hammer Well-Known Member

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    The fact that most coins won't survive but some will is well known. That article is generalised and focusing on V1 crypto (Bitcoin, litecoin etc) the newer stuff is much more promising.

    It is all in in lock-step because BTC is the trading pair. When it goes down, so does everything else when measuring the market cap in USD.

    All the serious HODLers own a portfolio of 10 or more currencies for this very reason.
     
    hammer, 12th Feb, 2018
    #54
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  15. Westie

    Westie Well-Known Member

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    Westie, 12th Feb, 2018
    #55
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