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Thread: PayPal enables cryptocurrency trading for UK account holders

  1. #17
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    Re: PayPal enables cryptocurrency trading for UK account holders

    Quote Originally Posted by wazzickle View Post
    The rule is simple - never invest money you can't afford to lose. It's the golden rule of investment. No exceptions, even in the case of high return / low risk investments. Crypto ofc is highly volatile and you could theoretically see your investment drop by 90% or more, whereas some are more stable and thus you can leverage, but it doesn't change the fact that you can't ever predict the future 100% and staying afloat >>> taking a punt.
    That's impossible, you have to invest it in a bank account, or something like premium bonds, both of which are less risky than the keep it in a mattress option.

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    Re: PayPal enables cryptocurrency trading for UK account holders

    Quote Originally Posted by spacein_vader View Post
    That's impossible, you have to invest it in a bank account, or something like premium bonds, both of which are less risky than the keep it in a mattress option.
    That really depends on the security of your state, bank and mattress.

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    Re: PayPal enables cryptocurrency trading for UK account holders

    Blockchain technology absolutely has a chance of replacing a server based database in every way in the future, there is a university in Africa already using the Cardano blockchain to register the identity of their students, this could expand to finance/credit and governance. Then there are NFT's that are unique tokens registered to a blockchain that can be used against real world property or goods to authenticate ownership or legitimacy, right now they are mostly being used against digital art, but to think that's all they will ever be is very short sighted. Crypto currency itself is one thing, but it's the newer, more refined blockchains behind them that really have my excitement and belief for the future. It has the potential to give countries that are locked out of traditional banking system financial freedom, and they will actually end up more technologically advanced in those fields due to them side stepping the old legacy databases current developed countries use, they will be going straight into trustless decentralized blockchains from the start, this technology will also be good at ensuring corruption in these industries will be kept to a minimum.

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