What do you think of crypto?

[BossCel]

Why should one invest? I don't trust that shit. I heard today, that coinbase locked every russiancel out of their accounts. Wtf?

Why would you invest in crypto, if some random jewish company can just "shut it down"? Bye bye to your bitcoins. What's your experience with decentralized crypto?

 

[Bitch]

Why would you invest in crypto, if some random jewish company can just "shut it down"? Bye bye to your bitcoins. What's your experience with decentralized crypto?

Jfl, that's not even close to how crypto works and such things can't happen. People whose accounts got locked and Bitcoin got frozen were on an ONLINE EXCHANGE named Coinbase.

This is like having money in a bank account, your bank could freeze your account at any time as well.

But if you have your cryptocurrency stored in a wallet that you've generated and your print out the private keys and the seed, nobody can steal your coins, except if someone were to find that piece of paper where you have all the information written on. That's the whole purpose of cryptocurrency, YOU are the 100 % owner of the coins.

 

[Gonthar]

Why would you invest in crypto, if some random jewish company can just "shut it down"? Bye bye to your bitcoins. What's your experience with decentralized crypto?

That's why you use a desktop or mobile wallet, so you actually have the private keys for the crypto, never a web wallet - these guys act as intermediaries, but can scam you or take your money, they are useful only if you want to exchange a form of crypto currency into another one, but for long term keeping they aren't a good idea...

 

[Deleted member 17749]

If you have your wallet its not a problem.
If they are on your binance,coinbase,ecc.. wallet then they can block you gor any reason

 

[BossCel]

That's why you use a desktop or mobile wallet, so you actually have the private keys for the crypto, never a web wallet - these guys act as intermediaries, but can scam you or take your money, they are useful only if you want to exchange a form of crypto currency into another one, but for long term keeping they aren't a good idea...

And what happens, if you store your wallet on your laptop/phone and you lose your laptop/phone? Can you just reinstall your "savegame" with printed out public and printed keys?

 

[Gonthar]

And what happens, if you store your wallet on your laptop/phone and you lose your laptop/phone? Can you just reinstall your "savegame" with printed out public and printed keys?

Yes, you can save your wallet in a file, use a password for it to protect it, so if someone else finds your laptop, he can't access the funds without the password, you can backup the wallet on another computer, usb stick, in the cloud, etc. You can also print it, and besides the private key, there's also a QR code so when you restore it, you can just scan the QR code and not input the whole private key manually.

 

[Harold O'brien]

anyone with a brain can see it's the future of financial markets

 

[andy9432]

Its a pyramid scheme mostly, but if u know what ur doing then go for it

 

[Deleted member 18159]

Crypto is basically a pyramid scheme. Opportunities to make big money from it have already passed. The most consistent and reliable form of investing is real estate if you have the money to do it.

 

[Pendejo]

Opportunities to make big money from it have already passed.

Nah, there are plenty of coins making 100x every year.