I certainly wouldn’t use Revolut or Paypal if it’s possible in the UK. You’re entrusting your Bitcoin etc with that company. It’s a big no no as you won’t have your private keys so therefore don’t really own your crypto.You can’t do anything with it other than to sell it back to them. If you ever wanted to buy, a far wiser option would be Coinbase, simple to buy and use but with inflated fees. There are many platforms but are not as simple to use for beginners .You really want to be able to transfer your crypto offline for safety to a hardware wallet.
Yeah you see comments like that are why mainstream ordinary folk are going to stay away from this for a long time in my opinion everyone else is just speculating.
This is coincidental having posted this one day early. I would like to give an example of volatility for the past 24hrs. If you would had bought 1 bitcoin on 7th the cost was £27.350 by the close of 8th the price was £33.940 Admittedly it could have gone the other way
It’s only about researching and gaining knowledge. Its average person that has kept bitcoin going over the yrs. Now the institutions are realising what they have been missing out on.
That's exactly what happens Most unless Er indoors pays for them, we were dirt poor as children, living on the bottom, so I have a bit of a thing about real cash.
Same, my childhood memories living in a wealthy Jersey society in the mid 70’s. Our house had no sink or running water inside and outside toilet across the yard. I was slow to except mobile phones, internet and any technology and was forced to do so through work. A cashless society is well underway like it or not. As said earlier I see many large companies / institutions even before Tesla moving cash to bitcoin. These companies are not stupid and see bitcoin as a safe store of value. I believe due to the devaluation of the world currency, the dollar. We can sit on the fence and watch and watch our money dwindle away as we spend it. Or gain the knowledge and confidence to buy / trade or hold the choice is yours. Like any investments you need to do this with your eyes open or risk getting burnt. One things for sure your money will not grow anytime soon sitting in banks /ISA’s or whatever.
Possibly. I seem to recall that one set of parents who paid in cash were market traders. I think that’s what they dealt in. This was about 20 years ago too. ( But cheques were still used a lot back then anyway ).
Funny I received a cheque a couple of months ago. I was complaining to a friend that I would need to go to the bank to deposit it. I was pleasantly surprised that all I needed to do was to take picture of it in my online account.
This might be of use to anyone thinking of investing in anything. https://www.fca.org.uk/scamsmart?ut...TimePressure&dclid=CN-wxLW63e4CFcHuuwgd5ogGpw
Always have a commercial vac machine, double vac your bricks, condenses the notes right down in size,and negates the smell, failing that use bin ladens (500 euro notes).
I wouldn't say that he's entirely wrong - hardware wallets ARE more secure right @oss? I wouldn't say that crypto was a secure investment though. More a speculative gamble. I believe the issue is the exchanges. I feel that unless the crypto currencies can get used to actually BUY stuff online and hence have liquidity, it's always going to be hard to transfer your gains back to real money because much of the money flow in the system wants to move out of crypto to a hard and useful currency. The only people wanting to actually BUY cryptocurrencies are speculators - so the liquidity isn't there. I gather that HSBC already won't accept payment in from a cryptocurrency exchange - so if governments and banks clamp down on the exchanges - as I reckon they will - the whole concept will just die a death.
