I would seriously consider Ethereum. A lot of people are saying that it will get bigger than Bitcoin and it's on the rise steadily right now at around 240GBP each compared to Bitcoin at 3200GBP. Ethereum is what a lot of banks/ companies are starting to use for cryptographic protection.
https://www.cnbc.com/2017/05/23/bigger-than-bitcoin-enterprise-ethereum-alliance-grows-in-size.html
You might be interested in this http://bitbrighton.org
I purchased my first bitcoin. Well, 0.033 of a bitcoin yesterday.
There's an article on Ethereum in this month's BA Business Life magazine. Fascinating.
I pretend to understand how these things work, but just as I get the concept, like soap on a rope it slips out of grasp.
They say you shouldn't invest in things you don't fully understand, and whilst I get the concept of blockchain, I don't fully understand. But then again, who understands the concept of what sits behind "I promise to pay the bearer on demand." It's all trust.
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I would seriously consider Ethereum. A lot of people are saying that it will get bigger than Bitcoin ...
I purchased my first bitcoin. Well, 0.033 of a bitcoin yesterday.
There's an article on Ethereum in this month's BA Business Life magazine. Fascinating.
I pretend to understand how these things work, but just as I get the concept, like soap on a rope it slips out of grasp.
They say you shouldn't invest in things you don't fully understand, and whilst I get the concept of blockchain, I don't fully understand. But then again, who understands the concept of what sits behind "I promise to pay the bearer on demand." It's all trust.
Sent from my iPhone using Tapatalk
I thought of investing in rare pepes as they are valued in Bitcoins but will wait to the end of the year(although I would be effectively collecting art.).
I purchased my first bitcoin. Well, 0.033 of a bitcoin yesterday.
There's an article on Ethereum in this month's BA Business Life magazine. Fascinating.
I pretend to understand how these things work, but just as I get the concept, like soap on a rope it slips out of grasp.
They say you shouldn't invest in things you don't fully understand, and whilst I get the concept of blockchain, I don't fully understand. But then again, who understands the concept of what sits behind "I promise to pay the bearer on demand." It's all trust.
I purchased my first bitcoin. Well, 0.033 of a bitcoin yesterday.
May I ask how you went about assessing wallets and where did you end up (and for anyone else with any knowledge too)?
It only works when there is a demand for it. It's very similar to a pyramid marketing scam where the ones at the top scims the profit and the ones at the bottom hope more people join. Anyone who invests in them has to promote it as if it really works to encourage more people to join. It sort of forces people to lie because recruiting people to a dream is the only way it can make money.
The really stupid thing is that you are forced to virtually mine for it as if it were gold in the real world.
I put a good stash of bucks into Ethereum a few years ago.....you can imagine the % increase I've experienced.
Advice:
Study blockchain tech - each coin is either a platform, currency, or dapp.
Get in on ETH, OMG, STRAT, GNT, NEO. FUN.
Study ICOs - the % one can make is off the charts....literally.....but some are scams.
The whole market has gone from 5b to 155b in a year.......crypto has utility -therefore value - it will overtake the broken Fiat rubbish which always has more supply to help it - but this devalues it.
Learn, learn, and DO be paranoid, but get on this boat as web 3.0 will be the blockchain.
Use bittrex and myetherwallet.
If you are not technical minded, sorry, but it might be too much.
I have looked at many exchanges but still not sure on the best one. Bittrex looks like you cannot deposit money and buy coins but only use coins you already have to buy alt coins. Is this correct.
I just need a good exchange where I can deposit money, buy some cryptocurrencies and then move them into a separate wallet and then be able to sell easily via the exchange and get my money out without getting hit by bank exchange rates due to the lack of choice for £££££. Most seem to be in Euro.
Look at the demand for crypto here:
https://coinmarketcap.com/charts/
It has more utility as gold and will soon become the safe haven as the FIAT mess starts to wobble (see Venezuela, Illinios, US debt etc).
... Eventually there could be 200 or more of these currencies, what are any of them worth then?
I have a very superficial understanding of Blockchain technology but I have been trying to convince colleagues in information and publishing world of how this could be a game-changer. In this case this is not so much the currency trading aspect but smart contracts. These enable any digital object (image, audio, text+) to embed licensing terms, costs and payments, intellectual property, ownership etc and excecute any record any transaction automatically. This opens up the opportunity for musicians, authors, artists to make their work available without the need to use a third party organisation. I believe Imogen Heap is experimenting with this. It is also used by people living in unstable parts of the world to record identity, contracts, even marriages outside their own corrupt or inefficient national infrastructures. Still in its infancy but it could be huge.Look at the demand for crypto here:
https://coinmarketcap.com/charts/
It has more utility as gold and will soon become the safe haven as the FIAT mess starts to wobble (see Venezuela, Illinios, US debt etc).
If you think Crypto is a ponzi scheme you haven't done your research.
Decentralised trust-based technology has utility and therefore value.
Ethereum will be over $500 by Xmas and probably $2000 by 2020.........think if you got in at 10p and do the maths.
Look at the corps and govs looking into Ethereum based tokens (erc20).
Unbank the banks, and create anonymous trust based tech?
Crypto is the truest Disruptive Tech there is - miss out at your own choice.