Bitcoin/Bitcoin Cash

[texasdeerhunter]

Can someone explain a little more about these two krypto currencies? Also, I think I would like to buy some, so can anyone walk me thru the process of using us$ and exchanging them for bitcoins? Anyone familiar with the exchange site Kraken.com? I find this stuff very interesting, and would like to learn more, and possibly invest in it. Thanks,

[HeyMikey]

Following.........

[Williams4298]

I could be totally wrong but isn't this used for illegal activity like for the Silk Road and such? I understand the Silk Road isn't illegal but 90% of the stuff that sells there is illegal. I'm like you, I find this stuff interesting too. Just not willing to invest in it lol.

[Guerrero88]

That stuff has gone crazy. Wished I would have invested in it when it first came out. Don't know much about the actual Worth and how to spend it.

[Spearchunker]

I think you missed the boat by a couple years.

I would be scared at its price now.

imo

[BrandonH]

I know little about it other than a buddy started investing in it a couple months ago and has seen ridiculous returns. He only invested what he was willing to lose and it has paid off big time.

[Drycreek3189]

You need a millennial to sort this out for you !

[Ironman]

Time to go back to the barter system.

[Hank Hill]

Bitcoin is a digital currency that uses blockchain encryption to regulate the "printing" of the currency.

Bitcoin is produced by miners, who donate their computing power to validate transactions.

You can buy it through numerous brokers.

Read about blockchain encryption for the real meat and potatoes of cryptocurrencies.

[oldtestamentman]

Get a separate checking or savings account.
Get a Coinbase wallet.
Buy some bitcoin.

I proved that it does work. I sold out when Bitcoin hit 1,200 during the Cypress run on the banks. Now at $4,500, I am kicking myself in the butt for selling it all. I did make 8,000% though, yes 8 thousand percent! Wish I'd had more at the time.

But, the bitcoin/Coinbase Wallet combination does work.

[MadHatter]

Ethereum is one you might want to look at. I've done nothing but make money on it, for over yr now. Just my opinion, but I believe it will surpass bitcoin. It's also still cheap enough, you can buy a substantial amount, without going all in.
Stay away from crypto currency pyramid schemes .

[SmTx]

Ethereum is one you might want to look at. I've done nothing but make money on it, for over yr now. Just my opinion, but I believe it will surpass bitcoin. It's also still cheap enough, you can buy a substantial amount, without going all in.
Stay away from crypto currency pyramid schemes .

What do you think about litecoin? I've just started watching the charts on coinbase.com and I'm wanting to buy a few grand worth in something soon.

[stuntriderant]

I buy my bitcoin from a bitcoin atm. Mycelium app has ways to buy from local people wanting to sell.

[MadHatter]

What do you think about litecoin? I've just started watching the charts on coinbase.com and I'm wanting to buy a few grand worth in something soon.

Litecoin has potential, but they are in no man's land at the moment. Their business plan isn't well thought out. Hopefully they get the ball running, and offer some competition. I'm banking on it, not to heavily though. Ethereum on the other hand, is attracting new business, at a much higher rate. They have steadily been evolving so to speak.

[rtp]

Ethereum is one you might want to look at. I've done nothing but make money on it, for over yr now. Just my opinion, but I believe it will surpass bitcoin. It's also still cheap enough, you can buy a substantial amount, without going all in.
Stay away from crypto currency pyramid schemes .

Can you expound on crypto currency pyramid schemes.....havent heard of these.