My son buys bitcoin, Ethereum and litecoin. He bought a lot at $800, and a lot more at $2000 (bitcoin). He knows he may lose, but right now he's killing it. He thinks it could go either way, like way up, or back to almost nothing. It's risky, but he has a chance to make out well. Biggest problem is how to get back out without paying a lot of taxes. He has a hardware firewall device of some kind that is a "wallet" that he keeps disconnected from the internet except for trading times, in order to keep from being hacked and losing his coins. It's password protected in case of theft. Three tries and it locks out and is useless for anyone who's stolen it. There is another recovery password he can use if he recovers the device, that will restore his coins stored in it.
[–] FreeToLive 0 points 2 points 2 points (+2|-0) ago
There are ways to track bitcoin. That's why darknet sites also use Monero. Once everyone gets this I think Monero will be one of the long term currencies focused on privacy.
Epic. Just getting into it now. Lots of money to be made if you have the mental capacity and computer skills to handle this cutting edge technology. You can use the exchanges like a stock exchange. You can invest in these ICOs like you would in a Merrill Lynch setting. It all depends on your ability to learn and what you are will to risk. Buy low, sell high, you really can't go wrong.
[–] Justaddcoffee ago
The legacy media, legacy banking system, legacy educational system, etc.. all became obsolete around 1995 with the popularization of web browsers. It’s just old people who don’t want to let go of old ways.
We are approaching the technological singularity. Part of this process is massive decentralization. No more a few old men in a room controlling all news and money flow.
[–] 10754284? ago (edited ago)
They had an advert for the "ecoin" during the wrestling programme last night. Should I buy that?
[–] RoBatten 0 points 2 points 2 points (+2|-0) ago
Try Bitcoin, Ethereum and Litecoin. They are most popular. Watch out for marginal coins that may disappear or lose value.
[–] RoBatten 0 points 2 points 2 points (+2|-0) ago (edited ago)
Also, don't store your coins on someone's server. Get a hardware "wallet" and keep them yourself. Things get hacked all of the time, and you wouldn't want your coins to disappear. There is no recourse either. They would just be gone . . .
[–] 10755372? ago
Oh I know. I just thought it was funny that I saw and advertisement on USA Network for "E-Coin" which I'd never heard of before. Must be for suckers.
[–] FreeToLive 0 points 2 points 2 points (+2|-0) ago
Go for Monero if you care about privacy and future earnings.
[–] 10755376? ago
How is it private if you get future earnings?