Bitcoin (cryptocurrency)

[route46]

If anyone is only putting in a couple of hundred to trade for smaller coins I would stay away from Bitcoin as the transaction fees will kill the investment.

 

[franksinatra]

In the main you need one of Bitcoin,Ethereum or Litecoin to trade for Smaller coins but with time that should change.

Coinbase is where you change Pounds/Euros/Dollars for Bitcoin/Ethereum/Litecoin
Binance/Bittrex/Poloniex are exchanges where you trade for smaller coins.
Etoro could be wrong on this I think You don't own the Bitcoin/Ethereum/Litecoin you are just betting on the price movement.
Kracken not sure.

Thanks. That is really helpful.

 

[dublinblue12]

My question is this....if you put £5k in Bitcoin and in 10years it's worth £500k....how you going to move it...basically who is going to buy it as surely everyone will be looking to sell, which to me says there will be more people looking to sell than there will be looking to buy, which means you could end up stuck with it
So on paper you've got £500k but can't cash in
Am I right in thinking this?

not all ISA pay less than inflation cash ISA maybe but shares ISA's are doing quite well

cash it to bank?

 

[Skip Donoghue]

cash it to bank?

You see I'm thinking off them as shares, but it sounds like that's not the case?

 

[M18CTID]

If anyone is only putting in a couple of hundred to trade for smaller coins I would stay away from Bitcoin as the transaction fees will kill the investment.

I’m thinking of investing a few hundred quid in TRON but when I check online how to buy it says I have to buy Bitcoins first then exchange them. Is there any other way of doing it to avoid those transaction fees?

 

[M18CTID]

Im not a financial advisor but i believe in the technology and the fact that banks, who run the world, wont want anyone messing that up for them. Im not saying that you're gonna make millions. But i beleive that the whole market will grow due to it becoming mainstream. With that come more money equals more profits. For those in early.

Also welcome aboard the crypto trai

Thanks. Typically, simce buying in Ripple has taken a bit of a twatting! Hopefully only a temporary dip.

 

[Packrat]

They look like elaborate digital pyramid schemes.

 

[route46]

I’m thinking of investing a few hundred quid in TRON but when I check online how to buy it says I have to buy Bitcoins first then exchange them. Is there any other way of doing it to avoid those transaction fees?

Can change Ethereum for Tron on Binance.

https://coinmarketcap.com/

click on each individual coin then click markets, gives you where and what coins you can exchange.

Will warn you Tron has already 5x since New Year.

 

[goldcoastblue]

Thanks. Typically, simce buying in Ripple has taken a bit of a twatting! Hopefully only a temporary dip.

It happens. But dont panic. Heard a rumour tgey may be partnering with apple air bnb uber and another. Just been in work so unable to confirm. But if its true. Its huge

 

[franksinatra]

Thanks. Typically, simce buying in Ripple has taken a bit of a twatting! Hopefully only a temporary dip.

Can I ask which site you used to buy the ripple, how easy it was and how long the verification process took?