Bitcoin/Ethereum/cryptocurrencies

[Brownslave688]

There it is on the app but for some reason the search function seems to not be working? You having the same issue?

 

[DriveInDriveOut]

Lol it’s why everyone uses Coinbase.


You on the app or website?

FFS, I was on the website and it wasn't coming up. I see it on the app.

 

[DriveInDriveOut]

Lol it’s why everyone uses Coinbase.


You on the app or website?

Is there a reason to buy ethereum on coinbase vs robinhood? Robinhood looks like there's no fee...

 

[Brownslave688]

FFS, I was on the website and it wasn't coming up. I see it on the app.

The website is uhhhhhhh a disaster to navigate to put it lightly.

 

[Brownslave688]

Is there a reason to buy ethereum on coinbase vs robinhood? Robinhood looks like there's no fee...

Not really if you’re comfortable with Robinhoid you could use it.

Robinhood has no listed fees. They make their money off of charging you a little price than what it really is and they take the difference.


Wait I just looked. Robinhood doesn’t give you control of your tokens so you can’t send them from robinhood to another exchange.

 

[BadIdeaGuy]

Is there a reason to buy ethereum on coinbase vs robinhood? Robinhood looks like there's no fee...

Do *not* buy on Robinhood.

The spreads there are atrocious.
You will be far better off just paying a fee on CB pro.

And as @Brownslave688 pointed out, you're stuck on platform with Robinhood. Just like Paypal's crypto offerings.

Reminder to noobs: If you don't hold the private key, it ain't yours.

 

[Brownslave688]

Do *not* buy on Robinhood.

The spreads there are atrocious.
You will be far better off just paying a fee on CB pro.

And as @Brownslave688 pointed out, you're stuck on platform with Robinhood. Just like Paypal's crypto offerings.

Reminder to noobs: If you don't hold the private key, it ain't yours.

Was gonna say do you really even own the crypto. Did you really buy it if you have no control over it?

 

[wilberforce15]

Do *not* buy on Robinhood.

The spreads there are atrocious.
You will be far better off just paying a fee on CB pro.

And as @Brownslave688 pointed out, you're stuck on platform with Robinhood. Just like Paypal's crypto offerings.

Reminder to noobs: If you don't hold the private key, it ain't yours.

For the vast majority of users, holding the private keys themselves is more likely to lead to loss of crypto than leaving them with a reputable exchange.

 

[wilberforce15]

Was gonna say do you really even own the crypto. Did you really buy it if you have no control over it?

Was gonna say do you really even own the crypto. Did you really buy it if you have no control over it?

You have the same control as you do over money left at a bank.

I keep a cold wallet on standby for if I ever perceive the need.

But security at the major exchanges is a completely different story now compared to the past. It's better than most people provide for their own crypto in their own wallets.

 

[Brownslave688]

You have the same control as you do over money left at a bank.

I keep a cold wallet on standby for if I ever perceive the need.

But security at the major exchanges is a completely different story now compared to the past. It's better than most people provide for their own crypto in their own wallets.

Yeah but with robinhood you can’t put it in that cold wallet.

It would be like putting money in the bank but them not letting you withdraw it.

 

[wilberforce15]

Yeah but with robinhood you can’t put it in that cold wallet.

It would be like putting money in the bank but them not letting you withdraw it.

That's fair.

 

[Brownslave688]

Down we go. Fake out or full break down? We should know by tomorrow.

 

[Jones]

 

[rod]

View attachment 325674

That's what I think this bitcoin stuff is all about.

 

[wilberforce15]

Volatility is not the same thing as risk.

 

[Brownslave688]

Volatility is not the same thing as risk.

It’s actually how traders make big bucks.

 

[El Correcto]

Have I Already Missed My Time To Buy Bitcoin? - NASDAQ

It's easy to see the bitcoin price go up and feel like you’ve missed the boat. However, many individuals and institutions believe that Bitcoin is just now starting to heat up. So what is driving the price of bitcoin so high, and how could it continue to rise beyond these levels? The best place to start is by understanding the backbone of Bitcoin economics: supply and demand.

Supply And Demand

The problem with projecting future prices stems from the difficulty in predicting supply and demand. Bitcoin is unique in that its supply is on a known schedule; it is embedded in software code that cannot be changed by any person or organization. This code states that the new supply of bitcoin is cut in half every four years. The first mining subsidy halving occurred in 2012 when the new supply was cut in half to 25 coins released approximately every 10 minutes. In 2016, it was cut in half again, down to 12.5 new coins created every 10 minutes. In May 2020, the most recent Halving occurred, meaning there are now only 6.25 new coins created every 10 minutes. In short, the new incoming supply of Bitcoin becomes increasingly scarce as time goes on.

View attachment 325486

I understand supply and demand.
I just don’t understand the demand in this case, what role is bitcoin filling or ever going to?

Down we go. Fake out or full break down? We should know by tomorrow.

I knew about a week ago.

 

[Brownslave688]

Crypto Long & Short: No, Bitcoin Is Not in a Bubble

Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.

www.coindesk.com

 

[Brownslave688]

I understand supply and demand.
I just don’t understand the demand in this case, what role is bitcoin filling or ever going to?

Store of value.

Gold has around a 10 trillion dollar market cap filling that role.

 

[wilberforce15]

Store of value.

Gold has around a 10 trillion dollar market cap filling that role.

And that's why bitcoin will 10x at least, from here.