Crypto currency (IF banned from CA)

[SpongeBob brown shoes]

How do you even buy or invest in crypto, how don't you know you've just give someone £100 of real money for 3 baked beans

 

[YoboCopter]

Bitcoin sub £10k. Ethereum sub £500. If they did I'd spend quite a bit too be honest.

Thats what am thinking aswel, would be a fool to miss out wouldnt you at them prices

we getting a got bitcoin syndicate going?

 

[YoboCopter]

How do you even buy or invest in crypto, how don't you know you've just give someone £100 of real money for 3 baked beans

You dont, its like buying drugs in a foreign country

 

[DuuuncanHadaPigeon]

How do you even buy or invest in crypto, how don't you know you've just give someone £100 of real money for 3 baked beans

Most people buy their crypto on exchanges, if they do so they literally don't own it. Not your keys not your crypto

Why people would use big exchanges is beyond me, crypto was invented to remove middlemen and binance/coinbase are the worst middlemen around.

I take self custody of my private keys so I know what I have is mine

 

[YoboCopter]

Most people buy their crypto on exchanges, if they do so they literally don't own it. Not your keys not your crypto

Why people would use big exchanges is beyond me, crypto was invented to remove middlemen and binance/coinbase are the worst middlemen around.

I take self custody of my private keys so I know what I have is mine

I cant be botherd with that because if i loose my private key an screwed

seen something other day 70% or so keep there currency on the exchange

both have pros and cons

 

[Kev The Rat]

BTFD

 

[Kev The Rat]

I don't know why people still call them currencies when nobody actually uses them for business transactions, or at least legal ones.

It's as much a currency as a lump of gold is and it is traded and speculated on in the exact same way.

lol still spouting crap I see.

 

[Zatara]

How do you even buy or invest in crypto, how don't you know you've just give someone £100 of real money for 3 baked beans

Buy from regulated entity?

How do you buy financial products...?

 

[YoboCopter]

Theres crypto lovers

and crypto haters due to FOMO

 

[SpongeBob brown shoes]

Buy from regulated entity?

How do you buy financial products...?

Such as? Who regulates them?

 

[Zatara]

Such as? Who regulates them?

In UK? FCA....

 

[DuuuncanHadaPigeon]

I cant be botherd with that because if i loose my private key an screwed

seen something other day 70% or so keep there currency on the exchange

both have pros and cons

That's just lazy. You can't be bothered to take responsibility for your own money so you trust a middleman to do that for you.

Crypto was invented to remove middlemen.

If you keep your coins on an exchange they aren't your coins simple as that.

 

[Connor]

lol still spouting crap I see.

The irony!

 

[Efcjake]

This is incorrect...cost and speed make it favourable to alot of companies.

What is a lot of companies though Zat?

It is still a tiny minority of all companies.

Customers aren't paying for things in bitcoins when they can hold them and play the speculation game.

Companies may be using them as an intermediary currency to facilitate international transfers but they aren't operating in bitcoin they're operating in fiat currency.

Nobody is paying their suppliers and employees in bitcoin are they? Can you find a single decent sized company that is?

I doubt you can. The volatility and associated risk is far too high beyond 10 minute international transfers.

 

[Efcjake]

lol still spouting crap I see.

Oh Kev. Tell us about your crypto portfolio and love of Fat Sam.