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What are Slickdealers throughts on Cyrpto?

29 22 February 13, 2018 at 09:16 PM
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Well, title says it all. I'm considering getting into the game, but not sure if it's too late, have I missed the train or what is the consensus? Is crypto the future?

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Joined Dec 2010
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#2
stick with stocks and mutual funds
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#3
If you put weight in an internet forum on whether to buy a speculative asset class, the answer regardless of what they have to say is don't.
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#4
Eh feel like at this point, stocks are better bet, if you have play money that you don't care about crypto, but if you need something for the future such as college for your kids etc, then stick with stocks ...
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#5
It's not too late.
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#6
I view it as a speculative play, only gamble what you can afford to lose. The tech being developed with crypto is legit, but that's not to say the crypto themselves have intrinsic value.
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#7
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#8
speculation at best, with coinbase banning new credit cards from being added this raises a massive ungodly red flag, who in the **** buys something like cryptocurrency with a CREDIT CARD... there's going to be more people pushing shopping carts living under bridges than in 2009 here pretty soon.
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#9
Quote from vairox
:
speculation at best, with coinbase banning new credit cards from being added this raises a massive ungodly red flag, who in the **** buys something like cryptocurrency with a CREDIT CARD... there's going to be more people pushing shopping carts living under bridges than in 2009 here pretty soon.
Shit I would if I knew that was a thing. Buy 400k in crypto on credit card, claim you lost your wallet key or were hacked, declare bankruptcy, repeat.
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#10
Quote from vairox
:
speculation at best, with coinbase banning new credit cards from being added this raises a massive ungodly red flag, who in the **** buys something like cryptocurrency with a CREDIT CARD... there's going to be more people pushing shopping carts living under bridges than in 2009 here pretty soon.
Was there an extra fee to pay by credit card? Even if you had the cash to buy it, it'd make sense to use the CC instead for the cashback.
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#11
Quote from Slickdeezee
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Was there an extra fee to pay by credit card? Even if you had the cash to buy it, it'd make sense to use the CC instead for the cashback.
Considering the financial decisions 90% of people make, I'd venture to say it isn't for the cash back. I also doubt you could even get cash back on crypto, hell it what might be considered a cash advance in some circumstances
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#12
Quote from Slickdeezee
:
Was there an extra fee to pay by credit card? Even if you had the cash to buy it, it'd make sense to use the CC instead for the cashback.
I want to know this also.
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#13
Quote from tennis4789
:
I want to know this also.
It used to be a Purchase under CC, now the CCs have changed it so it is cash advance. Not sure this is for every coin purchasing method, but it was recent for Coinbase. Search 'bitcoin cash advance' and you'll find some recent news.
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#14
Quote from golf247
:
It used to be a Purchase under CC, now the CCs have changed it so it is cash advance. Not sure this is for every coin purchasing method, but it was recent for Coinbase. Search 'bitcoin cash advance' and you'll find some recent news.
Thanks

Grrrr. I missed it. Big manufactured spend opportunity.
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#15
Still not too late to join the game. I put in 10K on btc in 2016 still holding Wink
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