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Tell me about cryptocurrency and investment

 
 
 
No. I cannot.

I would advise against early adoption.
 
Bitcoin was intended to be a currency but seems to have become more of a highly volatile investment vehicle for speculators.

That's about the end of what I know about it.
 
Ripple (XRP) seems to be an exchange platform for various crypto-currencies. It's been getting attention lately. What's special about it is it is instantaneous in it's execution. There are a number of exchanges you can trade on, many of which are overloaded, are slow, intermittent or buggy in their operation. I've been to Binance, based in China which looks like a gambling website and provides almost no direction. I'm currently doing the slow walk of death at a website called Kraken (US based). I wish I had the patience for this shit I once had. I should at least be able to figure out Google Authenticator. The numbers keep changing. Does it stop? I don't know what to do with that.
Ive been trying to buy some of this XRP for a week now...while the price doubled.

I wish I could stop looking at this stuff all together. Whether it's individual stocks or coins, once in, it consumes my thoughts.

I know small amounts can be put in in Binance, as an individual at work is doing it and is speaking in the hundreds of dollars. I think you have to buy Bitcoin first as they do not accept dollar deposits. Then buy XRP with the Bitcoin. Kraken accepts small dollar amounts at tier 2, amounts up to $2k, which I've finally been approved to. Problem is, you cannot do wire transfers at tier 2, you have to go to tier 3. So, how do you get money in at all at tier 2? So I try to set up tier 3. Won't accept my proof of residency doc due to size limitations. But it's within your specified limits. Resize, resize, resize. Nope, nope, nope. WTELF? Maybe I'll try again later. Turn it 90 degrees or something. Or maybe try Binance again.

But yeah, XRP. If you figure out Binance, tell me.
 
I found this article to be helpful.

I wasn't aware until recently that fractional bitcoins can be purchased. I've since made a tiny investment, and I wouldn't mind very much if it disappeared entirely. The fact that Bitcoin has peaked and crashed multiple times in the past few years makes it an interesting candidate for dollar-cost averaging.
 
southernhybrid said:
Dutch tulip mania. Dutch tulip mania. I wouldn't put any money that I couldn't afford to lose into Bitcoin.
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Of course Dutch Tulips tended to rot...
 
Bitcoin has dropped about 47% since it's December high, along with other cryptocurrencies.

https://arstechnica.com/tech-policy/2018/01/bitcoin-plunges-now-down-42-percent-from-december-peak/


Bitcoin's value plunged on Tuesday, falling to $10,300—the lowest value the virtual currency has seen in 2018. Bitcoin's value is down almost 25 percent over the last 24 hours, and down 47 percent from December's all-time high of around $19,500.

Bitcoin's fall was part of a broader crypto-currency selloff. Every major cryptocurrency has suffered double-digit losses over the last 24 hours, according to CoinMarketCap. Ethereum is down 28 percent. Bitcoin Cash is down 31 percent. Litecoin is down 29 percent, while Dash is down 24 percent, and Monero is down 30 percent.

It's hard to say what causes cryptocurrencies to go up or down on any given day. In recent months, Bitcoin and other cryptocurrencies have exhibited classic signs of a speculative bubble, with millions of ordinary investors flooding into the market in hopes of making an easy buck. That helped to push Bitcoin to new heights, but it also heightened the cryptocurrency's already significant volatility.
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I like how Bitcoin exists because The Fed is evil, yet Bitcoin suffers from chaotic volatility that demonstrates what is wrong with a Bitcoin like currency. Imagine the US dollar dropping in half its value in 24 hours!
 
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