crypto currency

[QuarterMillionMan]

Still rallying.

[disneysteve]

Its amazing to me how the cryptmarkets behave....I used to think they operated like stock, but that seems increasingly less the case.

What possibly gave you that impression? Crypto and stock have absolutely nothing in common. Stocks are an investment with the value tied to the assets and performance of the company. The stock market is also highly regulated. Crypto is a totally speculative gamble. You're buying something that has no inherent value. It's a bunch of computer code that people have decided is worth something. It's not issued or backed by any company or government entity. It's not regulated. The two couldn't be more different.

[james.hendrickson]

My question is about bitcoin and whether it is FDIC and NCUA insured. My instinct says that no it is not. So, what is your security if bitcoin goes bust?

Crazyliblady, there is no security if bitcoin goes bust - that's the downside.

[crazyliblady]

Still climbing.

My question is about bitcoin and whether it is FDIC and NCUA insured. My instinct says that no it is not. So, what is your security if bitcoin goes bust?

[james.hendrickson]

Still climbing.

Its amazing to me how the cryptmarkets behave....I used to think they operated like stock, but that seems increasingly less the case.

[QuarterMillionMan]

Still climbing.

[QuarterMillionMan]

Ha-ha, James why so negative (lol)? Cryptos are here to stay. Governments know this and are trying hard to embrace it and regulate it.

[james.hendrickson]

oh crypto is coming back?

Probably not. These assets are super, super out of favor.

[LivingAlmostLarge]

oh crypto is coming back?

[QuarterMillionMan]

Same day at 7:32 pm.

[QuarterMillionMan]

This morning my Ledger balance was $16,800. At 6:12 pm today $18,000. But never know tomorrow morning could go back down $1200 or more. Huge swings.

[QuarterMillionMan]

FYI, this is Ledger's fee to buy cryptos with either your bank (shorter list) or credit card (longer list). Also, when transferring between accounts similar fees. I transferred $1000 at a time from Coinbase ($3 fee) to Ledger ($25 fee). Based on $1000 purchases.

[QuarterMillionMan]

With cryptos rising my interest has piqued again. These are my accts; Coinbase $6500, Ledger $16,000, Coinbase wallet $1500, Robinhood $3000, Trade Station $4000 (Roth IRA). Majority of my holdings is in bitcoin but I have ethirium, solana, lite coin, etc.

[myrdale]

How is btc coin so high?

My guess is it is being driven by the issues with Silicon Valley Bank.

[LivingAlmostLarge]

How is btc coin so high?