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RE: From Start to Finish - Calling the crypto experts.

in #investment7 years ago

From your post I get the impression that you're Finnish, or at least live in Finland. Nice to meet you, so am I.

As to the subject of your post, I agree, cryptocurrency investment is a bit different to investing in stocks for example, but with my few year experience it seems that the investments acts similarly to other investments, just 10 times faster. I'm trying to merge the gap between cryptocurrency investing and investing generally, draw the similarities and the differences. I've already written many posts about investing and cryptocurrency.

However, I must say, I'm still remain slightly skeptical myself. I haven't invested fiat currencies into cryptocurrencies, but just by mining I've managed to make thousands worth of wealth for myself in a few years. And I used one GPU, not a miner.

I believe cryptocurrency investing is very much similar to traditional investing, the problem is that if things go wrong, you have a week to get out, whereas with other investments you have a year. People panic here much more. People see opportunity much more. People flip out much more. It is a wild west of investing.

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No, moro. I am Australian but live in Finland.

The issue I have is less with the trading of it and more with the transference and storage of it. I can get it out to a market, trade, even increase it a bit but past that, I have nothing.

I can't find any 'reputable' information that I would consider seriously following so I am stuck with coin at markets and don't know what to do, or how to 'conveniently' get usable currency.

Well, bitcoin is pretty much the only usable cryptocurrency so far. However, I think that won't last for too long with all the better options.

For now I prefer just to invest in cryptocurrencies. Wait for more adoption, which will lead to it being usable.

I am about to start training so will be away for a bit.