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November 13th, 2017 at 3:09 pm
jCrypto currency trading/ vehicles for investing
I hope someone on thIs board knows enough and has the time to perhaps explain the basics of the concepts to us.
I may not be the sharpest knife, I admit, but I don’t understand how a ‘currency’ can fluctuate so much day to day or even week to week.
Just like the dollar being printed Willi nillie by our Fed, bitcoin is being mined and they are talking splitting shares?
On top of that, there are these derivative plays people are investing in…like OSTK.
Other people are developing payment systems based on crypto. I was invited to invest in a Canadian start up that is promoting crypto currency credit cards and debit cards, for instance.
Fundamentally, however, the one thing I would want from a currency is stability. For example, if I have a million dollars, while it may be nice to have that worth $2M in a month, I would not like it if dropped in value to $100K over a few weeks.