So I just discovered "Changelly." It's an exchange service that accepts USD. So kind of like Coinbase, except they don't have the wallet feature that Coinbase does.
This is great for anyone that wants to get into crypto that lives in a state that Coinbase blocks from using their service (Wyoming, Hawaii and Minnesota from what I see on Google).
Changelly
This is a quick video on how to get started at Binance buying and trading crypto currencies. Just the basics. Easy to follow.
Ratings firm issues first grades on cryptocurrencies, gives "B" as highest grade to Ethereum and EOS. Bitcoin gets a "C+." None of 74 cryptos graded got an "A."
https://www.cnbc.com/2018/01/24/weis...n-bitcoin.html
Coincheck was hacked this morning. The Japanese crypto exchange lost all of their NEM holdings, valued at appx $500M. Luckily it looks like the thiefs only had access to that coin for some reason. Or the exchange was able to shut things down before the thieves could take anything else. NEM is working with Coincheck to track down the wallets that the coins transferred to in an attempt to return them to their previous owners.
Robinhood is about to change the game for crypto investors. Stocks and crypto all in one place, "no fee" trades, transfers and purchases. I'm on the waitlist, but it sounds like it won't be available for my state initially.
https://www.cnbc.com/2018/01/26/huge...-a-bubble.html
An indirect way to play the crypto space from the stock market would be to buy shares of the big graphics card makers, NVIDIA and AMD, which are used to mine coins. Stores can't keep the shelves stocked. They go quick.
This applies to 'normal' 'bank accounts' as well. The real difference is that cryptos may not be under the FDIC.
INVESTOR ALERT: BITCOIN AND OTHER VIRTUAL CURRENCY-RELATED INVESTMENTSConsider these risks when evaluating investments involving Bitcoin:
May 7, 2014
https://www.sec.gov/oiea/investor-alerts-bulletins/investoralertsia_bitcoin.html
Investments involving Bitcoin present unique risks.
"...
Not insured. While securities accounts at U.S. brokerage firms are often insured by the Securities Investor Protection Corporation (SIPC) and bank accounts at U.S. banks are often insured by the Federal Deposit Insurance Corporation (FDIC), bitcoins held in a digital wallet or Bitcoin exchange currently do not have similar protections.
..."
Coinbase is NOT FDIC insured self.CoinBase
Submitted 1 month ago
https://www.reddit.com/r/CoinBase/co..._fdic_insured/
"I spoke with the FDIC yesterday. They confirmed that Coinbase is NOT FDIC insured. The Coinbase website states that funds "may" be FDIC insured. The FDIC told me this means that the funds may be insured if Coinbase deposits them in an FDIC insured institution. According to this logic, we're all just as FDIC insured as Coinbase claims to be. More misrepresentation by Coinbase. Shameful.
..."
Last edited by userque; 01-29-2018 at 04:07 AM.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
The split is in....
https://finance.yahoo.com/quote/GBTC?p=GBTC
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Will crypto react inversely to a stock market drop when investors look to put their money in other assets? Like gold and bonds? It's not the safe haven that they are, but it is another investment vehicle option like they are. Just a thought...
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