Cybercurrency

[ccrider]

I need some help in setting up an account. Tried it on my own, but seem to hit a roadblock. If you know your way around the system and would be available to render some assistance, I would appreciate it morally and financially (for you). Contact me at cburdeaux@comcast.net.

[tophcfa]

Very questionable ethical stuff. Seems to be used by people who for some reason don't want to be held responsible for their transactions. If you can't take responsibility, then don't do it.

[villagetinker]

IMHO, I will not go near these digital currencies until they are somehow backed by real currency, and they provide a lot more transparency. As noted above these appear to be haven for people that do not want their dealings to be traceable, I am sure this is a big red flag to IRS, etc.

[charlieo1126@gmail.com]

I need some help in setting up an account. Tried it on my own, but seem to hit a roadblock. If you know your way around the system and would be available to render some assistance, I would appreciate it morally and financially (for you). Contact me at cburdeaux@comcast.net. with very dangerous high tech currency that you don’t even know enough to even set up an account with, hmmmm what could go wrong with this idea

[Freehiker]

Very questionable ethical stuff. Seems to be used by people who for some reason don't want to be held responsible for their transactions. If you can't take responsibility, then don't do it.

Regular currency is used every second of the day for unethical things by people that don’t want to be held responsible for their transactions.

There is no difference.

[MrExcite721]

Are you referring to PayPal or Venmo by any chance?

[PugMom]

yes, are you referring to bit-coin?

[EdFNJ]

It's slowly becoming mainstream. Now PayPal takes it for investment (as of last week you can't yet send it to other people through them) along with AT&T, Microsoft and others: Who Accepts Bitcoins in 2020? List of 20+ Major Companies (https://99bitcoins.com/bitcoin/who-accepts/) No less "safe" than a lot of stock market investments but def a lot more volatile. People are often afraid of things they don't really know a lot about. Yes, there is a lot of shady dealing that go on using crypto but that could be said for cash as well. You aren't responsible for what others do. I wouldn't invest now though as it is up over $15,000 per coin almost triple of a few months ago. $1,000 invested in 2015 would be worth over $75,000 today.

To the OP, easiest place to deal with crypto right now is COINBASE as you can buy, sell & trade using your debit card. If you're looking at PayPal for Crypto, don't at this time.

[chipd331]

Use Coinbase
excellent safe american company
i have been buying and trading Crypto for 5 years or so
i;m up over $350,000 with a $10k investment
waiting for the day, and it will come, maybe another 5 years, but etherium will be $15 to $20k each, and i'll be up over $7 million
it is the future and the younger generation will not let it go away,
the reason it will be sucessfull is because of the transparency, every transaction can be seen by anyone in the world

[Windguy]

IMHO, I will not go near these digital currencies until they are somehow backed by real currency

So, you hold crypto to a higher standard than what you call “real currency?” Traditional currencies are no longer backed by anything but faith in the system. They used to be backed by gold. The Fed could start printing money like crazy and make what you worked so hard for worthless. My understanding is that you have to work hard to make new crypto coins, but the Fed just has to start the presses. Granted, crypto is very volatile due to speculation. I haven’t bought into it because I really don’t understand it very well and because of the volatility due to people gambling on the price of coins.

[Catalina36]

Right now is not the time to buy into cyber currency. As others have noted it has no transparency. It can and will most likely go down suddenly without any reason. Look at the history and chart of Bitcoin. At least when buying a company stock you most likely will not lose the majority of your investment. Look at AT&T symbol T, much room to grow to meet past value and paying a really nice dividend of 7.4%

[Girlcopper]

I need some help in setting up an account. Tried it on my own, but seem to hit a roadblock. If you know your way around the system and would be available to render some assistance, I would appreciate it morally and financially (for you). Contact me at cburdeaux@comcast.net.
What are you referring to???

[ruralgoddess]

Regular currency is used every second of the day for unethical things by people that don’t want to be held responsible for their transactions.

There is no difference.

There's a huge difference...you can see whose hand you're putting that currency in with cash money. Insofar as electronic us of "currency"? caveat emptor

[lkagele]

Right now is not the time to buy into cyber currency. As others have noted it has no transparency. It can and will most likely go down suddenly without any reason. Look at the history and chart of Bitcoin. At least when buying a company stock you most likely will not lose the majority of your investment. Look at AT&T symbol T, much room to grow to meet past value and paying a really nice dividend of 7.4%

Dude! That's bad financial advice. AT&T has something like 70 billion (yes billion) in debt. Just like GE, someday soon it will struggle to simply meet its interest payments. Right now, its trying to sell Direct TV just to reduce its debt load. 2 years ago, its stock price was in the 40 +/- range and today its below 30 and still slowly falling.

Yes, bitcoin is volatile but like gold and silver, central banks can't create more with the result being the destruction of its value. The limited supply of cryptos doesn't allow that to happen. Square and PayPal both allow you to easily purchase cryptos now. Easy and safe to do. As more and more merchants begin to accept it, it's value is only going up as the value of our dollars goes down.

I use to say (only half humorously) I'm investing in safe haven goods like gold, silver, canned goods and ammunition. In today's age, I have to add cryptos to that saying......

[Two Bills]

My son in law is playing with this new startup cyber currency.
To complicated for me, but some on here may be interested.

Pi Network (https://minepi.com/RLB673?fbclid=IwAR1JynmR2we1ADZh4vz00s4wLLDTnK4N0D Nig6dMetzx8vEN65hB4IRxh5k)

[jerseyvillager]

A lot of smarter investors than me with deep pockets are into Crypto. Must be something to it. Anyone starting a bitcoin club; I'm in.

[dewilson58]

To the OP, easiest place to deal with crypto right now is COINBASE as you can buy, sell & trade using your debit card. If you're looking at PayPal for Crypto, don't at this time.


Agree with COINBASE being easy. A good place to stick your toe in and test the waters.

[ldj1938]

I need some help in setting up an account. Tried it on my own, but seem to hit a roadblock. If you know your way around the system and would be available to render some assistance, I would appreciate it morally and financially (for you). Contact me at cburdeaux@comcast.net.
You could try through Paypal since they are now dealing in cyber $.

[kcal63]

Very questionable ethical stuff. Seems to be used by people who for some reason don't want to be held responsible for their transactions. If you can't take responsibility, then don't do it.

Unlike fiat currency, bitcoin allows every transaction ever made to be seen and tracked by anyone at any time. The blockchain is a public record of every single bitcoin transaction. The only secrecy is in who owns what account. The recent price jump may be a bit ahead of itself but everyone is looking to the end of bitcoin mining, which should happen within the next year. The total number of bitcoins is 21 million. Take into account that approx 4 million are know to be lost forever in unrecoverable accounts and wiped wallets and the transition to a network that is paid only through transactions rather than the processing as peripheral to mining is expected to drive increased demand overall. However, it is the redirection of the tens (possibly hundreds) of billions of dollars that have been poured into mining in the past few years (largely by companies such as IBM, Microsft, Apple, Bitmain, Intel, etc.) that also brought major investments from investment funds, is widely expected to push the price of bitcoin over the next couple of years.
Setting up a local wallet is very different (and much more complicated) than setting up a remote wallet because a remote wallet service is constantly updated with new blockchain info, a local full bitcoin wallet must be updated before each use, and if you use it infrequently these blockchain updates can be large and time consuming (I didn't use a wallet for over a year and the update before I could use it took 22 hours on a fiberoptic connection to download). There are also "lite" local wallets that only tie to online blockchain resources when connected. Once you figure out which type is best for you there are numerous youtube videos and instructions available on the web. Try reading a few threads on bitcointalk.org its also a great place to ask questions. Hope this helps.

[SacDQ]

I just received a notice that PayPal is now entering the world of digital currency. All traceable if you an accountant with them check it out.

All currency government issued paper backed by nothing or digital is fake.

Most all previous empires started with Gold then moved to sliver and then copper and then some for of alloys finally settling in on Paper backed by a promise.

[EdFNJ]

Try reading a few threads on bitcointalk.org its also a great place to ask questions. Hope this helps. Yes for sure, but also a place to quite easily get yourself scammed.

[EdFNJ]

I just received a notice that PayPal is now entering the world of digital currency. All traceable if you an accountant with them check it out.

All currency government issued paper backed by nothing or digital is fake.

Most all previous empires started with Gold then moved to sliver and then copper and then some for of alloys finally settling in on Paper backed by a promise. All you can do on PayPal now is INVEST (def not a good time for that) but you can't send it to others or purchase anything.

[Topspinmo]

Regular currency is used every second of the day for unethical things by people that don’t want to be held responsible for their transactions.

There is no difference.

IMO all governments in civilized world wants electronic transactions so they can get ride of paper money, that way they can see and track ALL financial transactions for tax purposes, It’s coming paper money worthless anyway, never going pay off 27 trillion plus.