Re:Beginner's Guide to Investing in Cryptocurrency
by jhiska on Sunday December 03, 2017 @05:54AM
(#15837046)
It's a competent basic guide on how to invest, but it doesn't explain how you trade crypto back into cash and the problems associated with that.
>Coinbase is the safest and most secure online cryptocurrency site. Always start with Coinbase. You can be quite confident your money and personal information is secure.
Re:Beginner's Guide to Investing in Cryptocurrency
by erikbye on Sunday December 03, 2017 @07:51AM
(#15837362)
Wherever you purchase some coins transfer them to your private wallet/cold storage. One thing is the need to own your keys and thereby your wallet, but you also should not trust that your exchange will keep your coins safe, or even that the exchange will be there tomorrow.
Re:Beginner's Guide to Investing in Cryptocurrency
by chx on Sunday December 03, 2017 @01:57PM
(#15838884)
This is the biggest hurdle to become mainstream: in the hustle to decentralize money, bitcoin hustlers have decentralized security and most people absolutely suck at (cyber)security. Previously perhaps you needed to reinstall Windows or even lost a few (or more than a few) documents but now you will lose this thing you paid for and the thief can easily turn into real money (and hard to track at that).
>Coinbase is the safest and most secure online cryptocurrency site. Always start with Coinbase. You can be quite confident your money and personal information is secure.
No, you can't be confident of that. Buyer beware.
FTFY.
Sorry, no. That's just horrendous advice.
Actually, you'll be using an app to track your losses.