Stifull wrote:Is that still a thing.. I thought it had died a slow death. The few people I know who bought them sold them off before the prices plummeted. At least I have stopped seeing the dodgee adds saying such and such (famous person) is raving about how much money they have made on BCs on the Graham Norton show etc , but if you bother finding that show where that celeb (wearing the cloths in the add) is actually being interviewed, the famous person never even mentioned BCs.. It's just a scam/con.. Non of the celebs they say are raving about it, actually mention it at all. LOL...
I've been looking at very very small crypto buys for around 2.5 years, more out of curiosity than having the budget to really make something of it. I watched BTC prices go up and down. I've bought at $7000 and sold at $3000. But I've also bought at $7000 and sold at $23,000. But for me I'm talking amounts like BTC 0.00xxx. Similar to the stock market there's a level of knowledge and projection, and also like the stock market your potential return goes up exponentially with the risk.
If you want to play around with small amounts I'd suggest following Facebook groups, learning what common terms are like HODL, FUD, whales, "to the moon," etc. There is also a "coin" which is more closely tied with the USDollar as a balance to what BTC is doing, it's called USTether. Usually when BTC plummets UST goes up. I use CoinSpot to buy and sell which is an Australian company so I feel more secure about it. Keeping track can be difficult and it's a big learning curve if you're not particularly interested in the financial word as a general rule - as I'm not.
Forgot the most important part of why I bothered typing all that... NEVER JUST SEND YOUR CRYPTO TO RANDOM PLACES!!! Avoid these like the plague! And don't lose your wallet key (you'll find out what that is). I bought something years ago which the seller was insistent on using BTC to sell. I ended up with some change from the transaction, like BTC 0.1xxx or something, but I lost the key. If I still had it, that would be worth $3,300 when bitcoin's value was at $33,000 a week or so ago.