That's me. I plead total, complete, absolute ignorance about bitcoin and crypto currency. I know and understand zilch about either one of them, mainly because it's new to me and I've seen no reason to get involved. But maybe I'm just being behind the times and am afraid to learn and try anything new.
Can anyone explain what those are, how they work, how to put money in and get it out, how to avoid getting scammed, and whether it is worth it in the first place?
Bitcoin and crypto ignorance
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Gaybutton
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Re: Bitcoin and crypto ignorance
My approach is to wait for a while to make sure it's safe. I've settled on a period of 300 years.
In the meantime, I can invest in gold, which has been a store of value for thousands of years.
Rocket can tell you more about actually speculating in crypto.
You are asking when it's near an all time high. Buying high tends to increase risk.
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Gaybutton
- Posts: 23442
- Joined: Sat Jul 31, 2010 11:21 am
- Location: Thailand
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Re: Bitcoin and crypto ignorance
I have a feeling for me it will most likely continue to be not buying at all. I'm not in the habit of investing in something I don't even begin to understand.
I'll be interested in what Rocket has to say about it.