Another way to buy Crypto ( BTC )

Central Bank Digital Currency (CBDC) will probably be here by 2030. (goodbye cash?)

Federal Reserve Bank of Boston and MIT are looking into this for the US.

There are some good discussions (videos) about CBDCs on this MIT website https://dci.mit.edu/cbdc-central-bank-digital-currency

 

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I'd like to read that article, but it killed my browser and brought my whole machine to its knees. I've never seen so many popups, notifications, and overlays on one page.

 

To the contrary, I think it's a product of understanding it enough.

 

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really not that complicated, if you take the time and to do your research
after all its your money !

 

That's what I'd really like to know. Approximately how much did you invest? How much did you make and how much time did it take to see a profit? You can PM me if that's a better idea.

 

These Crypto kiosk have been popping up every where in Florida for several weeks now. All the convenient stores have them. It's a brave new world

 

Great questions, investment is based on your individual situation as everybody's
is different, I invest with pay pal for all my crypto needs, the big 4 Bit Coin, Etherium, Bit Coin cash and Lite Coin, you can invest for as little as a dollar
to get some skin in the game, will PM you later on today for the stats.

 

There has to be a reason, even though as I have repeated this several times in
many posts, there are allot of people that hate on bit coin but it is the future
just like the electric car, seeing more adds for EV,S everyday, this is the future
of are world like it or not.

 

My first cryptocurrency buy is going to be Ethereum. My broker, TD Ameritrade, does not handle crypto at this time. Coinbase seems to be the big dog crypto broker. Any suggestions for a credible crypto broker w/ the lowest commission?

 

Even if I believe the electric car is the future, I'm not betting on any particular current brand to dominate twenty years down the road.

Even if I believe cryptocurrency is the future, I'm not betting on any particular current crypto coin to dominate twenty years down the road.

 

It looks like PayPal is the easiest entry point, especially if you've already got an account -- but they put their surcharge on transactions (both buying and selling, I believe), and they don't let you transfer to your own wallet. To me, that's right up there with buying paper silver or gold from a place that doesn't let you take delivery. You can hold crypto in your PayPal account, but you can only get it into or out of your account as fiat.

 

Thanks for the informative reply. I've got an eBay acct but I'm not going to use it for the ETH purchase.

 

Your going to go with what you know, BTC has already established a foot hold
in the market and has been around for several years so many believe in it and
have confidence in its future, some dont but I am the one laughing all the way to the bank...LOL

 

Pay pal is the best way to invest in crypto period, they make the process so easy
and getting an account is even easier ! as far as fees go there very reasonable
and is based on what you put in and take out of the system, a $30 deposit only
costs 50 Cents and is prorated from there so yes reasonable !

Like most I dont have a wallet, or do I want one, investing in the technology
works for me, very simple

 

C'mon, don't you know dogecoin is where the action is? Robinhood sells it. This is not financial advice.

 

I'd like to buy it through my Roth acct and never have to pay capital gains.

 

It's because buying crypto on PayPal is actually more like buying into a crypto mutual fund via PayPal.

For those who don't quite understand crypto yet...the apps on your phone or your computer are not your crypto wallet...technically, your wallet is the string of password phrases you keep secure somewhere offline. So that you can create a 'wallet' of sorts using that string of passwords to access your crypto via the blockchain online where your crypto lives.

Like emails...you can't theoretically lose your crypto unless there is a planet wide server failure somehow. The other thing to understand is that each independent country will end up having some sort of crypto that is its primary currency and will behave just like fiat (physical cash).

For America it might be "USD crypto" it might be something else, but it is a very high priority since our cash can already be virtual. It's still a matter of the government deciding how much exists and how it influences it's value with goods and taxes and interest rates, just like printed monies.

A little example is that India realized that cryptos are essentially borderless and so has made a lot of crypto trading illegal while they develop their own country's crypto currency.

In America you actually need to use a "wallet" based on American servers because just like stocks and bonds and mutual fund trading...yes, you do have to pay taxes on personal gains from crypto. Many people who aren't in the crypto 'game' yet do not really understand this...yet.

Just like off-shore accounts, there will likely always be ways to cheat...but for most crypto owners that is not the way it's happening. Servers and IP addresses are important things, still.

As crypto becomes backed by assets, like the gold in Fort Knox, it will continue to merge with fiat. Visa is currently developing a plan to accept crypto at it's nearly 60 millions terminals...that's going to change some things in the way of acceptance lol!

There is an issue that will arrive during the next few decades and that's quantum computing...when quantum computers become fairly common, even if they're not quite personal computers...theoretically due to the massive computing power of quantum computing unfortunately ALL previous passwords and encryption methods will become 'crackable'. But that's a whole different discussion. For right now the method of blockchain encryption is essentially unhackable due to it's complicated encryption method...yet another whole different discussion.

Hope that all helps a little bit

 

I use binance...I'll pm you...

 

I'm going to edit that a tiny bit...PayPal might be the EASIEST way...but you're stuck with them and their fees because you don't own the crypto you buy there and cannot transfer it to your own 'wallet'. Rather you own a piece of ebay's crypto, like a mutual fund share.