bitcoins
- Thread starter enki
- Start date
UDRider
FLCL?
It's a limited resource, so it will go up as long as people dump $$$ in to it. Until it doesn't.
Yakoo752
USN
Under this protocol it's limited but they can change the protocol and generate more supply.
But, if supply is truly limited... what happens when it's fully mined? From a tech perspective, if there isn't value in generation, it will fall to the side. Sure, the last 2.5M will take over a hundred years to mine but laws of decreasing returns suggests it will stop being mined before supply exhausts.
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cheez
Master Of The Darkside
Coinbase, skip local wallets, keep it on the exchange unless you want to go HODL.
Blankpage
alien
Yeah I’m looking to buy and hold, sit on it for a couple of years
i would advise binance (binance.us) over coinbase if you want to be true degen. it has been much more reliable for me, though i use them all to hedge against losing everything if one exchange runs (mtgox aka modern day kraken). binance.us also has more tokens/coins than coinbase including the one true coin to rule them all (dogecoin).
if bitcoin is looking too inflated to any of you, ethereum's another very large crypto ecosystem with enough development behind it to keep it alive for the next decade. i personally love gambling on shitcoins (i dropped a huge chunk of xrp for nano last week, i'll be converting back in a few weeks before SEC decision).
for those of you that have been around longer than the last bull cycle, strap in moonboiz :teeth
if bitcoin is looking too inflated to any of you, ethereum's another very large crypto ecosystem with enough development behind it to keep it alive for the next decade. i personally love gambling on shitcoins (i dropped a huge chunk of xrp for nano last week, i'll be converting back in a few weeks before SEC decision).
for those of you that have been around longer than the last bull cycle, strap in moonboiz :teeth
CABilly
Splitter
Coinbase also doesn't give you bonus coins for forks and such, right? I don't know exactly how it works other than I had some assets on Coinbase and everyone else in the world got a freebie and I got bupkis.
Blankpage
alien
Gonna take your suggestion and look into ethereum. I want a Lamborghini also.
Coinbase being based in SF leaves me feeling a little more comfortable about its legitimacy than something based overseas. I admit my ignorance on the topic may make that concern totally unjustified.
Digging that this stuff can be traded 24/7.
Any concerns/snags around the security of crypto trading?
What’s your take on wallets?
CABilly
Splitter
Wallets keep your coins safe and are good if you just want to hold long term. If the exchange gets compromised or collapses or whatever (Mt. Gox being the worst example) your holdings won't be affected. I think there's transfer fees though whenever you move coins around so if you're going to be playing with them and doing a lot of conversions, it may be worth it to keep that mobile amount on the exchange.
Climber
Well-known member
Sorry, I got distracted by an odd article when trying to find story.
Cryptocurrency mystery deepens as $143m from dead owner's bitcoin wallet goes missing
Those bitcoins are going to be worth much, much more than when they disappeared (at least access to them).
Cryptocurrency mystery deepens as $143m from dead owner's bitcoin wallet goes missing
Those bitcoins are going to be worth much, much more than when they disappeared (at least access to them).
yep, airdrops typically aren't supported on coinbase, but they are in some instances (bitcoin cash and bitcoin SV as well iirc).
wallets you solely control are very very safe. the odds of someone cracking a hash are nil. crypto trading on an exchange is also relatively safe depending on which exchange. IIRC coinbase is FDIC insured for 250k per customer (do your own homework if you care, i don't) and binance has an active fund to cover customer losses. they just paid out 10M to their customers to cover an exposed vulnerability a few weeks ago. i stash my crypto in a bunch of different places (including exchanges and offline) to hedge against losing everything.
nano's pretty funny, it quadrupled in price over the past 3-4 days. i was pretty conservative in swapping XRP to NANO, wish i had been a little more aggressive as the difference in value per XRP:NANO trade was 2.5:1 at trade-time, whereas present value difference is about 12:1 with the peak closer to 15:1.
UDRider
FLCL?
Well one of the allure of bitcoin is that supply is limited. Not sure they will do it, as it will reduce the value of current coins.
:dunno
Poking around doesn't seem like others know either.