and they are never wrong

bar bitcoin can you buy anything with what you hold?

fair play you seem clued up and thats good.

can i ask do you get more coins as interest?

i just looked at binance and see everythings crashed, ouch.

It’s primarily a speculative store of wealth
It has nothing holding it up

Callisto yes you get the same crypto in interest as you lend, i also lend GBP and get 10% compounding interest paid daily in GBP

Gallo, there are platforms out there that you deposit your crypto into they will then lend out your crypto for interest varying for 5 - 10% depending on which coins you use, the platform i use accepts USD, AUSD, GBP, and pays each at 10% paid each day at 2pm you can withdraw instantly anytime or lock up for 1 month and get 1% extra interest (11%)

some pay daily interest, some weekly, some monthly all compounding.

Tether, usdc dai are all pegged to the dollar so only go up n down by 1 or 2 cents they are backed by real dollars ie: so 1 million issued tether has 1 million in real dollars backing it

cheers cracked good luck, my mates buying more as prices crashed!!

SEPARATE YOUR BITCOINS INTO TWO
WALLETS, HOT AND COLD
Digital wallets which remain connected to the World Wide Web are called
hot wallets since they are at greater risk from network-based attacks than
those wallets that are at rest on the local network. The offline wallet will be a
better tool for anyone running an online Bitcoin business of any kind. These
are safer to use and are less appealing to hackers. It is recommended that
most Bitcoins should be kept on an offline wallet, which is also known as a
cold wallet.
The bulk of your Bitcoin funds should be kept on the cold or offline wallet.
Safe deposit boxes may be used for this if that is what you desire. This will
allow you to hold a tiny amount of Bitcoins in your online wallet or web
wallet and use them for your daily Bitcoin transactions. In the event that you
will receive a large amount of Bitcoins via your online wallet, be sure to
transfer them as fast as you can to your offline wallet before the hackers
reach you.


STORE YOUR PRIVATE KEYS OFFLINE
Any Bitcoin user should also remember to keep their private keys offline as
another Bitcoin security and safety tip. You probably know that Bitcoin
wallets utilize public keys for sending and receiving Bitcoins. Other
functions, including checking your Bitcoin balance, can also be performed
using the public keys. The public keys are also what you will use to authorize
Bitcoin transactions from your Bitcoin wallet. Anyone who would be able to
get their hands on your private keys can then pretty much do whatever they
wish with your Bitcoins without your knowledge.
For more security, store the private keys of your Bitcoin wallet somewhere
else that isn't connected to the internet, perhaps a separate computer. By
doing this, you will be 100% certain that it will be safe from hacker or
malware attacks.
To make a payment of a transaction that was generated online, bring it to the
offline computer with a USB stick, and enter the private key once it is already
on the offline computer. You will then need to return it to your computer and
complete the transaction there.
Inconvenient as it may seem, the security and safety of your Bitcoin is
protected by this measure. Making this choice will provide you with
significant extra protection for your wallet. It is crucial that you keep your
wallet protected since it usually contains a significant amount of Bitcoins.
Cold wallet compromises are very difficult since they require physical access.


CONSIDER USING A DEDICATED
HARDWARE SYSTEM
You should use a dedicated hardware to process Bitcoin transactions. It is
possible to move data from your online computer to your offline computer
using an external USB key. In order to minimize the risk of exposure to
viruses, it could also help if you designate one computer exclusively for your
offline wallet. By doing so, its potential exposure to viruses and hackers will
be minimized.


ON BOTH ONLINE AND OFFLINE
COMPUTERS, USE LINUX
A USB drive is the easiest way to move data between computers on the
internet and off the internet. The purpose of this is also to ensure the security
and safety of Bitcoin. A USB drive running Linux will be the least likely to
be attacked by USB-based attacks, therefore you should use this for
transferring Bitcoin transactions between online and offline computers.


SECURELY BACK UP YOUR DATA OFFSITE
In the event that your computer is lost, stolen, or destroyed and your hard
drive fails to function, you lose all access to your wallet and especially to the
Bitcoins it contains. Because of this, Bitcoin experts recommend that you
back up your Bitcoin wallet. Using multiple backups on different servers is
one of the most useful tips for Bitcoin security and safety.
Based on your choice of wallet, you might be able to backup your wallet
every transaction or to do it only after every 100 transactions. This will
enable your wallet to remain updated with the most recent private keys, as
well as have access to your Bitcoins.


USE A DETERMINISTIC TYPE 2 WALLET
One of the advantages of a Type 2 Deterministic Wallet, which can be
identified on both Armory and Electrum open source wallets, is that you can
generate future Bitcoin private keys deterministically with the help of a seed.
The result is that only one backup server will need to be created.
Since the backup has the seed, it can aid you generate another wallet utilizing
that same seed if you have misplaced your wallet accidentally. This way, it
will have the same private keys and Bitcoins in it.

how much of the money 'invested' is backed up by the central bank?
Errrrrrm

the big boys are in now so the little boys are going to get fleeced

Up n down like a ****s draws on rent day

i bought again at £33,000

Crypto could be a currency we can use to bet with offshore bookies if BF etc. ask for checks...

so are the BoE

Crypto could be a currency we can use to bet with offshore bookies if BF etc. ask for checks...

Sure. if you don't mind your winnings dropping by 20% between placing the bet and the horse winning.

And, more to the point, the bookie doesn't mind your stake dropping likewise on the losers.

It doesn't matter. It clearly can be, that's all that matters.

Besides, it fluctuates at least 5% every day. What bookie is going to accept stakes on that basis? He could be running a perfect book, yet end up doing his bollocks because of a couple of days going against him on a market over which he has no control,

lots licking wounds but cracking prices now glad i got out of bitcoin a while ago and loading up more other coins, you only lose if you sell you lose nothing if you hold them, the weak have sold done the money its a con the experienced gamblers used to ups and downs dont sell they hold

Screaming, there are coins that are "stable coins" that are paired/married to a fiat currency ie $ for now but euro & gbp coming soon, for every coin issued/sold the same amount of "real" money is put aside to match it, so if can't dump/pump and moves up n down by 1 or 2 cents but generally stays 1 for 1, so it can be used and is esp in countries with super inflation

no the dollar is always $1 whatever its trading in exchange markets, so the crypto coin is always worth $1 to, so in Venezuela their inflation is running at 2050% odd so their money worthless, people can use crypto dollars and avoid that, many do.

Probably as a transfer of value, a decentralised system and no 3% (at least) surcharge?

Yes theres proof of the holdings in escro, goggle tether