Best Platform for Cryptocurrencies?

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  • Bonnie151
    Bonnie151 Posts: 279 Forumite
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    I am behind too! It possibly should be reddit/Coinbase?

    Reddit is a discussion forum so Google reddit and once in reddit search for Coinbase and the forum will come up. You don’t need to subscribe to view the threads.

    It’s a bit of a weird set up and takes some getting used to, I find.
    Hmmmm, need new siggie :cool:
  • worldtraveller
    worldtraveller Posts: 14,012 Forumite
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    edited 10 January 2018 at 5:47PM
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    ivormonee wrote: »
    What's a coinbase reddit? (I'm really behind on all this modern jargon!)

    IMHO, it's yet another sheeple retail investor site that I'd avoid like the plague. Do your own research, and, OK, this site may be worth looking at to get an idea where the stupid money is going, to maybe go in the opposite direction, but, personally I won't be taking any advice from there myself! :p
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • Bonnie151
    Bonnie151 Posts: 279 Forumite
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    worldtraveller wrote: »
    IMHO, it's yet another sheeple retail investor site that I'd avoid like the plague. Do your own research, and, OK, this site may be worth looking at to get an idea where the stupid money is going, to maybe go in the opposite direction, but, personally I won't be taking any advice from there myself! :p

    That’s not what I was saying at all. I’m not recommending reddit as a place to decide which cryptos to buy. I’m saying to look at the Coinbase reddit because quite a lot of Coinbase users are having very bad problems withdrawing their funds and I thought it might be useful for the OP to see the level/types of complaints in case they were thinking of using Coinbase. (I’ve used Coinbase without any problems but am aware that some others have had problems)
    Hmmmm, need new siggie :cool:
  • worldtraveller
    worldtraveller Posts: 14,012 Forumite
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    Bonnie151 wrote: »
    That’s not what I was saying at all. I’m not recommending reddit as a place to decide which cryptos to buy. I’m saying to look at the Coinbase reddit because quite a lot of Coinbase users are having very bad problems withdrawing their funds and I thought it might be useful for the OP to see the level/types of complaints in case they were thinking of using Coinbase. (I’ve used Coinbase without any problems but am aware that some others have had problems)

    That's not what I was saying, you were saying at all, either. :)
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • Bonnie151
    Bonnie151 Posts: 279 Forumite
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    worldtraveller wrote: »
    That's not what I was saying, you were saying at all, either. :)

    :D


    Actually, if anyone wants to get away from the madness of crypto, I would recommend the Dogecoin reddit. Absolutely not trying to flog Doge! However, reading the doge community threads cheers me up. Such Happy shibes! Much wow!
    Hmmmm, need new siggie :cool:
  • ivormonee
    ivormonee Posts: 395 Forumite
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    Bonnie151 wrote: »

    Actually, if anyone wants to get away from the madness of crypto, I would recommend the Dogecoin reddit. Absolutely not trying to flog Doge! However, reading the doge community threads cheers me up. Such Happy shibes! Much wow!

    Wow. Much post. Very love.
  • ivormonee
    ivormonee Posts: 395 Forumite
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    You can actually get some free dogecoins I discovered earlier but not sure if I'm allowed to post a referral link so you'll have to search online yourselves if interested.
  • worldtraveller
    worldtraveller Posts: 14,012 Forumite
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    worldtraveller wrote: »
    The one I always remember from my economics courses was the South Sea Bubble (1720).

    As I posted recently on one of the investment forums, we've seen the phase where it's been pumped up by the big investors and their media mates, and we've seen the foolish, gullible, retail investors, who have subsequently got into the "get rich quick", latest, "fools gold" at, or near, the peak.

    The problem is when the last person holding the baby loses their shirt, along with the other fools who got in at, or near the peak! It's very much like "pass the parcel" and who is left with the last wrapping, but, in this case, it's who is first to lose their !!!!.

    Would I get involved? Yes, maybe, but, as a contrarian investor, for decades now, it would probably be when the price totally tanks, and most previous investors are left squirming over their losses!

    630897dd51c97e88303a2406ef2db46d.jpg
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • worldtraveller
    worldtraveller Posts: 14,012 Forumite
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    edited 11 January 2018 at 12:39PM
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    A chart of Bitcoin price in USD over the past 1 year.

    Hmmm....Interesting. :)

    http://markets.businessinsider.com/currencies/BTC-USD
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • onomatopoeia99
    onomatopoeia99 Posts: 6,964 Forumite
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    peter_the_piper wrote: »
    Maybe I'm getting old but the cryptocurrency boom reminds me of The Tulip Bubble, it burst and lots of people lost everything. Be careful.
    I don't think anyone has ever mentioned tulips on a cryptocurrency thread before :T
    Proud member of the wokerati, though I don't eat tofu.Home is where my books are.Solar PV 5.2kWp system, SE facing, >1% shading, installed March 2019.Mortgage free July 2023
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