Cybercurrency
 

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.

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.

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.

You want someone to help you hook up with a
 

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

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.

Are you referring to PayPal or Venmo by any chance?

yes, are you referring to bit-coin?

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 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.

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

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.

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%

What are you referring to???

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

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......

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

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