Curious to see opinions on Bitcoin
so with more of these crypto exchanges/brokers having issues, where do you buy and keep your bitcoin? Is Cash App the best place for it at the moment to purchase it? Seems they are by far the most stable.. sorry have edit maybe PayPal also?
hypescaleflow's avatar
For Bitcoin only

For buying I use:

For storing I use:

They have a basic free software wallet,
And as a subscriptions for a multi sig wallet.

Hardware wallet:

Other options:

Software wallet:

Hardware wallet:
frank civitello's avatar
@hypescaleflow ok thanks !
Leon's avatar
really safe for storage is only a hardwallet imo
Stock Metal Investment's avatar
I store mine in a hardwallet
frank civitello's avatar
@stonkmetal @mavix @hypescaleflow so a hard wallet is needed? The banks are not safe enough to hold your bitcoin?
Leon's avatar
@frankieciv608 it depends one the amount of crypto you are holding. But i won‘t trust any exchange a bigger amount
frank civitello's avatar
@mavix understood thanks
Stock Metal Investment's avatar
@frankieciv608 I personally don't trust them, if you have a big enough amount invested in crypto (the amount is up to personal situation) then I'd personally consider a hardwallet.
frank civitello's avatar
@stonkmetal ok understood thanks
Paul Cerro's avatar
Garbage. $0
frank civitello's avatar
@paulcerro bitcoin? SQ? PayPal? what is exactly garbage?
Paul Cerro's avatar
@frankieciv608 crypto. Picks and shovels are okay but crypto is such a scam with no use real world use case. It's trying to provide a solution to a problem that's not really a problem
hypescaleflow's avatar
@paulcerro Also your the one living in a fantasy world if you look at all the products being built in the crypto space, and think crypto is going to $0. As long as the fiat money system, central banks, traditional financial services, and governments keep fucking with peoples wealth, crypto and solutions like it, will always have real world value, and real customers using them.
frank civitello's avatar
@paulcerro I can see your point and I can see your view as well @hypescaleflow but let me say this - no crypto is ever replacing the US, Chinese or Euro currency. I do feel there is a place for crypto but just like stocks coming public via spac deals to avoid real look into their existence and are scams, most newer and smaller cryptos are scams and useless as well. Personally I am in the middle cause I think Bitcoin is a decent idea to invest in, but a real crypto currency should have one stable value for transfer say like each coin for use in the crypto world is a nickel US coin. That crypto should never change from the nickel peg. There is a future for a world currency like how some have established a stable coin. We need a stable crypto to be used. thanks for all the feedback and hope to interact more moving forward.
Caleb Franzen's avatar
@frankieciv608 Great words Frank.I must confess,i agree crypto is a decent idea to invest in.
frank civitello's avatar
@calebfranzen don't get me wrong, I prefer stocks and etfs. So my crypto invests are miniscule say 50-100 in an idea and let it be. I am still better off in a good company or well managed etf than any crypto currency.
hypescaleflow's avatar
It literally solves a real world problem which is banks. It lets you securely store and send your money without a needing to trust an bank/government.

This is very useful if you don’t have a bank, or live in a country with a bad government that confiscates peoples wealth, or a country that has high inflation, which I think describes most countries.

But even if you live in the United States and trust your banks, Crypto still is valuable as it lets you transact on the internet without anyones permission or having to pay rent seeking fees from traditional financial companies.

Also you can get financial services like loans without going through the restrictions of traditional banks anywhere in the world , and decentralized derivatives platforms.

It’s not hard to image a future where people go to banks, get rejected for a service, and then they find that same service on a crypto app which instantly gives them that service for that hassle.

It’s hard to image a future where technology doesn’t disrupt and innovate on money and banking, and I think crypto is good bet on that so far.

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