Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)

Medio

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I Opened A Coinbase Account And Wallet, I’m Admittedly Not A Big Crypto Guy But I Have 6 Other Avenues Of Investments And Figure It Would Be Wise To Add Crypto

Now If I Buy Bitcoin In Coinbase Should I Immediately Transfer That To My Wallet Or Leave It In The Coinbase Account?

Is The Wallet Strictly For Planning To Spend Crypto?

Let Me Know Guys
I just got a wallet and I believe the purpose of the wallet is when doing transactions.

Think of it like a real wallet, you’d go to the bank (Coinbase) to get ya bread if you wanna spend it.

I just got a Trust Wallet so I’m not 100 percent sure but it is how I am using it for purchasing NFTs
 

FaTaL

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I Opened A Coinbase Account And Wallet, I’m Admittedly Not A Big Crypto Guy But I Have 6 Other Avenues Of Investments And Figure It Would Be Wise To Add Crypto

Now If I Buy Bitcoin In Coinbase Should I Immediately Transfer That To My Wallet Or Leave It In The Coinbase Account?

Is The Wallet Strictly For Planning To Spend Crypto?

Let Me Know Guys
I think the wallet is make sure u don’t loose your coins if you’re hacked.

there’s even external wallets for those Bitcoin dudes who have many coins
 

FaTaL

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I have been exploring Coinbase and Binance.US and both sites don’t have the same crypto available, is there a specific reason for this? Do they have different levels of evaluating crypto?
 

TNC

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Anyone care to dumb down NFT's for me, white boys cant be having all the fun out here. Ive got the basic gist of buying from popular artists but how does one find diamonds in the rough


The tl;dr is basically crypto is essentially digital currency whereas NFTs are essentially digital assets. They are starting smaller now but if and when it picks up, it could possibly become the new standard.
 

D1renegade

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I just started investing in the stock market last month, but this past week crypto has really caught my attention.

I’ve been looking at Ethereum, and I feel like I’m missing something because it looks like a no brainer safe bet. It’s its’ own blockchain platform that appears to have more use cases than Bitcoin, and we know how well that’s doing.

I’m about ready to invest every spare dollar I have into this. I need at least 5 shares by the end of the year.
 
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D1renegade

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I bought my first Ethereum today. It looks like the EIP 1559 upgrade will be taking place in July, so I’m planning to load up as much as I can before then. Hopefully the price stays around $2000.

Next I’m going to start buying some litecoin and fractions of Bitcoin. No reason why their value won’t continue to go up.
 
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