Bitcoin Wallets – Crypto Currencies Speculation

By seacali, November 14, 2017

Is anyone in this community speculating on Bitcoin and other crypto currencies? I’m starting to learn more about and curious about your thoughts and experiences with it. Do you know what is the best wallet to have to hold multiple types of coins, i.e. Bitcoin, Litecoin? What exchanges do you use that you feel is secure?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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jbecket
Irregular
πŸ‘79

I’m getting into it. It’s quite complex I’m finding. I started with GBTC which is the one on the stock market so that was easy. It was up 300% before the recent dip. Then I’ve read it’s a mistake to invest in this, safer to buy cryptocurrencies directly. At the moment the Palm Beach guys with Teeka Tiwari are all over the internet. $3000 and he’ll tell you what is his choice as the next bitcoin. Do you get a number of them that are out there for pennies on the hope of scoring big or do you go with… Read more Β»

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bburn3rd
Irregular
πŸ‘2

Like many … I’m just starting to make some sense out of the cryptocurrency world. I’ve been in the accounting field for a lifetime and struggling to understand the eager acceptance of value of the crypto on exchange. On the surface recording a transaction in Bitcoin would be no different from dollars. But the risk in using Bitcoin (or any crypto) appears to be much different. It seems to me the value fluctuation risk would be unacceptable. I’m not providing as a criticism … just trying understand. This would seem particularly meaningful in the case of large retailers (who I… Read more Β»

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Travis Johnson, Stock Gumshoe
Admin
πŸ‘12504

Yes, the wild price valuation is why cryptos are not particularly close to being adopted as a medium of exchange on a commercial scale — though as speed improves that might gradually go away as a problem (if you can change to bitcoin, send the payment, and the payment can be shifted back to dollars or whatever other currency within a few seconds instead of fifteen minutes, for example, then the volatility matters less). They aren’t trading as currencies right now, widely accepted currencies don’t shift in value that quickly… they’re trading as speculative hard assets, oddly enough, like gold.… Read more Β»

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sstuartmd
Member
πŸ‘8

Hey Travis. I am trying to subscribe to comment thread for this, but it keeps coming up “OOPS, WE CAN’T FIND THIS PAGE” Same thing for Palm BEACH CONFIDENTIAL discussion. I am ok for other threads.
Can you look into it?

Thanks

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Jim Pelsor
Guest
Jim Pelsor

Volatility is indeed extreme with much of the most recent rank speculation coming out of S Korea. In addition approval of futures and hedging activities in the US and anticipated hard fork(Not effected) contributed to the recent run up (and down) in BitCoin. Ultra low cost transaction costs and increasing acceptance in non traditional commercial enterprises (as marijuana sales increase) make a compelling argument for continued rapid growth. Unfortunately initial coin offerings will cloud the value equation. I like Bittrex and Poloniex and am partial to trading view.com for graphing. Best of luck – invest no more than you would… Read more Β»

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mongoose0614
Member
πŸ‘0
mongoose0614

Yes I am. Stay away from Bitcoin and instead buy bitcoin cash.

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rodlu007
Member
πŸ‘9
rodlu007

I have invested a little over 10 K and it’s been a roller coaster ride in the last 6 months…. I started backwards, Bought cheapest coins with largest circulations, then medium range, and now I am into lowest circulation with high $ volume, I use Coinmarketcap is a good place to check swings and prospects quickly…. Started with coinbase, now have hitbtc, yobinet, conexchane, cryptopia, livecoin, coingather, bittrex…. have over 100 different coins…..final veredict… if you don’t risk u don’t GAIN…. invest what you can loose and wont hurt your budget…OF COURSE i don’t want to loose any money !!!!… Read more Β»

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Terry
Guest
Terry

I like to use a hardware wallet (nano ledger S) to keep my crypto currencies. Bitcoin, Litecoin, Ethereum, xrp and some other alt coins are supported. The security features are explained on their website. The low down is you need the physical nano ledger s to access your coin wallet and you must confirm transactions physically on the device. I use gatehub as my primary platform they offer ether, Bitcoin and xrp, kraken is reputable they offer a variety of alt coins to trade. I don’t buy coins unless they convince me they have real economic value, solve a problem… Read more Β»

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bosslion
Member
πŸ‘1
bosslion

I just started into this a couple of months ago and there’s so much to learn! I think that since the crypto market is so volatile, it pays to be patient and not let FOMO (Fear Of Missing Out) get to us. I did end up purchasing a Trezor hard wallet and use MyEtherWallet for Ethereum and the supported coins.

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ckd123
Member
πŸ‘0
ckd123

Would split it with you. Time is short.

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jrtrelv
Member
πŸ‘0
jrtrelv

So like many of you I am just trying to understand this market. I’ve listened to Teeka Tiwari’s Palm Beach Confidential pitch. My question is is there any other service/subscription that has great teaching videos, articles, etc. that will help understand this market? Thanks!

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Tom
Member
πŸ‘6
Tom

Udemy has a number of inexpensive crypto courses – https://www.udemy.com/courses/search/?q=cryptocurrency.