Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Thinking About Growing Commercial Marijuana...
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="HoLeChit" data-source="post: 3468652" data-attributes="member: 35036"><p>I think it sounds like you have a solid plan. Honest question, whats stopping you?</p><p></p><p></p><p></p><p>To purchase crypto you typically need to make a digital cash transfer using a debit or credit card. Which puts you back at square one. There's also tons of issues, such as volatility in cryptos, hacking, etc. The smaller the crypto (EG not bitcoin) the less liquid the investment, the more volatile. Which is saying a lot, in the past 2 months bitcoin has fluctuated between $11,000 and $19,700. Hardly a safe place to keep cash unless you're really risking it. Furthermore, people get screwed on cryptos all the time. recently, someone snitch to the .gov about some funds, and gave the gov the ability to sieze to over 2 billion dollars worth of bitcoins that were "associated" with silkroad. What is silk road? Think ebay on the dark web for drugs and other illicit substances.</p><p></p><p>The real fun one? Blunders made when trying to transfer cryptocurrencies. a few years ago a poor soul paid 80.992 bitcoins to transfer 0.0125 bitcoins. What does that equate to today in real money? That's like paying 1.5 million dollars to transfer $231.25 to the old lady to go buy shoes. From what I heard the guy never saw a cent returned for his mistake too.</p></blockquote><p></p>
[QUOTE="HoLeChit, post: 3468652, member: 35036"] I think it sounds like you have a solid plan. Honest question, whats stopping you? To purchase crypto you typically need to make a digital cash transfer using a debit or credit card. Which puts you back at square one. There's also tons of issues, such as volatility in cryptos, hacking, etc. The smaller the crypto (EG not bitcoin) the less liquid the investment, the more volatile. Which is saying a lot, in the past 2 months bitcoin has fluctuated between $11,000 and $19,700. Hardly a safe place to keep cash unless you're really risking it. Furthermore, people get screwed on cryptos all the time. recently, someone snitch to the .gov about some funds, and gave the gov the ability to sieze to over 2 billion dollars worth of bitcoins that were "associated" with silkroad. What is silk road? Think ebay on the dark web for drugs and other illicit substances. The real fun one? Blunders made when trying to transfer cryptocurrencies. a few years ago a poor soul paid 80.992 bitcoins to transfer 0.0125 bitcoins. What does that equate to today in real money? That's like paying 1.5 million dollars to transfer $231.25 to the old lady to go buy shoes. From what I heard the guy never saw a cent returned for his mistake too. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Thinking About Growing Commercial Marijuana...
Search titles only
By:
Top
Bottom