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,
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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.
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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.
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Originally posted by MadHatter View PostEthereum 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 .
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Originally posted by SmTx View PostWhat 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.
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Originally posted by MadHatter View PostEthereum 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 .
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