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coin base crypto currency



Anyone any dealing with this bank called "coin base" please they can say was good or bad

I read bad things on wikipida that happened in 2008


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Comments

  • Hasbeen
    Hasbeen Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    beer_time said:


    Anyone any dealing with this bank called "coin base" please they can say was good or bad

    I read bad things on wikipida that happened in 2008


    It's a bank?

    I thought it was a platform for buy/ sell.

    Son has used them in past to purchase and sold at profit.

    But he could have lost as well.
    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Neither Bitcoins nor Coinbase existed in 2008 according to Wikipedia (Bitcoin was invented in 2008 but the first block was mined in 2009) so I'm not sure what you are reading.
    Coinbase is one of the larger platforms which reduces the risk that you hand over your money and don't get Bitcoins back. However cryptocurrency should never be held on an external platform for any length of time, as not only do you risk it being stolen / lost but relying on a financial institution to hold your tokens defeats the theoretical point of cryptocurrency. Not your keys not your coins bro.
  • beer_time
    beer_time Posts: 36 Forumite
    10 Posts


    Son has used them in past to purchase and sold at profit.

    But he could have lost as well.
    So are you saying that it is unstable?
  • beer_time
    beer_time Posts: 36 Forumite
    10 Posts

     Not your keys not your coins bro.
    So whos coins are they?
  • eskbanker
    eskbanker Posts: 37,454 Forumite
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    beer_time said:


    Son has used them in past to purchase and sold at profit.

    But he could have lost as well.
    So are you saying that it is unstable?
    I have breaking news for you about what bears get up to in the woods and the religious persuasion of some guy with funny hats in Rome....
  • beer_time
    beer_time Posts: 36 Forumite
    10 Posts
    But cripto has taken a hike in value of late
  • beer_time
    beer_time Posts: 36 Forumite
    10 Posts
    lll
    I think this is a cripto currency chart I found
  • coyrls
    coyrls Posts: 2,509 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why do you think those are crypto currency charts?  Apart from the titles, the time line starting in 1970 should be a hint.
  • kinger101
    kinger101 Posts: 6,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    beer_time said:
    But cripto has taken a hike in value price of late
    ...........................................................
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • maxsteam
    maxsteam Posts: 718 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    The charts are certainly not cryptocurrency charts. They relate to commodity indexes. The charts are comparing commodities with equities. I've no idea where the dotted line on the first chart comes from but I'm sure that Dr Dennin's book will explain everything. The charts are analysing and, presumably in conjunction with the book, having a go at predicting commodity prices. They have very little relevance to cryptocurrencies.
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