Bitcoins and Other Crypto-currencies

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coldspice
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PostRe: Bitcoins and Other Crypto-currencies
by coldspice » Thu Apr 08, 2021 11:37 am

@ knoyleo's post

That kind of gooseberry fool is exactly why I don't see crypto moving beyond a store of value role for years yet. The fees are crazy and the infrastructure is just not scalable.

The technology is more interesting than the currencies in most cases. Take NFTs; snake oil trash as a way of selling art, interesting technology for ie digital paperwork, proof of identity

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Fuzzy Dunlop
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PostRe: Bitcoins and Other Crypto-currencies
by Fuzzy Dunlop » Thu Apr 08, 2021 1:25 pm

There are other cryptocurrencies which are a lot better suited for everyday payments, XRP, Cardano, Litecoin etc.

Bitcoin is more store of value, digital gold.

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OrangeRKN
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PostRe: Bitcoins and Other Crypto-currencies
by OrangeRKN » Thu Apr 08, 2021 1:35 pm

When climate change is by far the biggest issue of the era cryptomining is just depressing.

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coldspice
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PostRe: Bitcoins and Other Crypto-currencies
by coldspice » Thu Apr 08, 2021 2:30 pm

Yes sadly I don't see Bitcoin moving to a proof-of-stake model any time soon, and that's the currency which has by far the biggest carbon footprint.

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Curls
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PostRe: Bitcoins and Other Crypto-currencies
by Curls » Sat Apr 10, 2021 5:31 am

Ok crypto.com coin has me hooked. I've been looking for a cashback card for so long. Time to finally cancel my shitey 1 % amex that i have to pay £25 a year for.

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Hulohot
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PostRe: Bitcoins and Other Crypto-currencies
by Hulohot » Sun Apr 11, 2021 7:33 am

I've been staking various assets on the KAVA defi platform (BNB, XRP and the KAVA token) and am getting roughly £4 every day in rewards. It's addictive I tells you.

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Drumstick
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PostRe: Bitcoins and Other Crypto-currencies
by Drumstick » Tue Apr 13, 2021 8:24 am

Is one able to move money from a pension pot to crypto or stocks?

One man should not have this much power in this game. Luckily I'm not an ordinary man.
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Grumpy David
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PostRe: Bitcoins and Other Crypto-currencies
by Grumpy David » Tue Apr 13, 2021 9:25 am

Drumstick wrote:Is one able to move money from a pension pot to crypto or stocks?


Transferring the workplace pension pot to a SIPP (so can choose index funds or individual shares) is easy.

No option to hold crypto coins in ISAs or Pensions.


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