Bitcoin Wallets – Crypto Currencies SpeculationIs 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?
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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 the ones in the $300 range like Ethereum which recently had a disaster. Teeka Tiwari has an excellent description of what cryptocurrencies are and how they can change so many areas of our lives. That you can get for a few bucks, but not his reveal on the big one. It’s not Thinkolater time as he’s not spreading any clues about his choice.
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 are gearing up to accept Bitcoin). From all I’ve read about cryptos thus far … the only way I can understand it’s value is to see it stated in U S Dollars $$$. Now I know it can be stated in relation to other currencies or other sources of value for exchange … but for me … it still comes back to dollars … good old U S dollars $$$$. I also know any accepted form of exchange is subject to price / value fluctuations. But on any given day … these cryptocurrencies have enormous fluctuation risk … UP or DOWN. Again … I’m just trying to make sense of it. Plenty of people out there much smarter than I who are experts in dealing with the risk issue and … at the end of the day … I just want to be invested in this movement. It’s headed for mainstream acceptance and still in a state of infancy. I just can’t seem to wrap my head around the basic accounting issues … but again … I just want to invest in crytocurrencies not buy merchandise with them. So then the problem becomes … who the heck do you turn to as your trusted advisor on what cryptocurrencies to buy for investment and/or the new ICO’s to come ??? Anyone have any advice regarding same ??? I’ll take all the help I can get !!!!