Bitcoin - where to buy?

Scottex99

That’s seriously your response? I’ll send you a few pics if you want mate.

But it would be much better for everyone if you just moved on with your life. BTC isn’t for you, we get it.

No point ruining the discussion for everyone else with your kid chat

Thrugelmir

Scottex99 said:

No point ruining the discussion for everyone else with your kid chat

After many decades to stay grounded. I remind myself of these wise words. 

Financial crises of the past are destined to repeat themselves. Markets are complex places and it's naive to think such events can ever be avoided.  Crises have a high degree of commonality: excessive exuberance, poor regulatory oversight, dodgy accounting, herd mentalities and often includes a sense of infallibility from investors. 

Scottex99

100% but what’s your point?

Ask anyone in crypto that is predicting a big bull run up to Xmas and they will all tell you that they are expecting tough times in Jan/Feb too.

I’ve seen my portfolio get rekt a few times, I’m used to it, you need a bit of bear action to learn

Nanpy

Anyone used Paypal to buy crypto? I know you don't own the coins just a 1 for 1 value (more or less) but I don't plan on hiring any assassins right now so holding actual BTC isn't a necessity. 

I've used Coinbase and Cex to buy BTC in the past (currently holding) but jeeze the hoops you have to go through, and the horror stories about customer support. 

Scottex99

Not personally but probably similar to Revolut or eToro. There’s the plus you don’t need to protect private keys or worry about getting hacked too. I assume the fees per trade are 2-3%

RolandFlagg

This has gone under the radar a bit but Coinbase UK will cover your crypto up to £150k against hacks.

https://www.proactiveinvestors.co.uk/companies/news/958382/coinbase-launches-150000-crypto-account-protection-for-uk-customers-958382.html

RolandFlagg

Thrugelmir said:

Scottex99 said:

No point ruining the discussion for everyone else with your kid chat

After many decades to stay grounded. I remind myself of these wise words. 

Financial crises of the past are destined to repeat themselves. Markets are complex places and it's naive to think such events can ever be avoided.  Crises have a high degree of commonality: excessive exuberance, poor regulatory oversight, dodgy accounting, herd mentalities and often includes a sense of infallibility from investors. 

It all goes back to common sense and risk tolerance.

There is no one size fits all solution to investment.

But long term studies prove that most investors tend to be too defensive.

They put most of their money in a 60/40 portfolio for 8% a year return, and still aren't protected from a stockmarket crash.

Long term investing smooths out volatility, and having a volatile asset as small part of your portfolio is likely to give you a bigger upside over a decade or two.

tebbins

RolandFlagg said:

This has gone under the radar a bit but Coinbase UK will cover your crypto up to £150k against hacks.

https://www.proactiveinvestors.co.uk/companies/news/958382/coinbase-launches-150000-crypto-account-protection-for-uk-customers-958382.html

And what's their credit rating? Who insures and reinsures that guarantee?

Adyinvestment

RolandFlagg said:

This has gone under the radar a bit but Coinbase UK will cover your crypto up to £150k against hacks.

https://www.proactiveinvestors.co.uk/companies/news/958382/coinbase-launches-150000-crypto-account-protection-for-uk-customers-958382.html

That's interesting. I see other platforms are also starting to get insurance like Nexo £375 million (due to be 1 Billion in the future)

It is a good start and something I am sure will only improve with time and regulation.

tebbins

Adyinvestment said:

RolandFlagg said:

This has gone under the radar a bit but Coinbase UK will cover your crypto up to £150k against hacks.

https://www.proactiveinvestors.co.uk/companies/news/958382/coinbase-launches-150000-crypto-account-protection-for-uk-customers-958382.html

That's interesting. I see other platforms are also starting to get insurance like Nexo £375 million (due to be 1 Billion in the future)

It is a good start and something I am sure will only improve with time and regulation.

Great so now real financial institutions are taking on liability for the crypto craze, this definitely won't have anything to do with the next financial crisis.