How can you say BTC has no good function? What are you basing your statements on? It's not my favorite crypto by far but it is the original, and right now it is about the only way for anyone to get into the crypto market from fiat.
Is it the fastest crypto? No.
Is it faster than a wire transfer? Yes.
Is it faster than mailing a check? Yes.
Are the fees the least expensive of any crypto? No.
Are the fees lower than a wire transfer? Yes.
Also the fee for sending bitcoin is THE SAME weather I send .001 BTC or 100 BTC
Is this true for wire transfer? No, for that it is a percentage so to transfer a large amount of $$ you will pay a large fee.
Like it or not Bitcoin is the originator and, currently, the most widely accepted in terms of real-world purchasing, so why all the hate?
It seems to me that BTC can only be a good thing for ALL crypto, sort of an ambassador of crypto to the noobs.
- BTC price goes up,
- people talk, positive news reports are filed,
- noobs get interested, noobs invest,
- invested noobs now learn of other (kick-ass) cryptos and move from BTC to their new fave
- Noobs no longer noobs,
- We all win
:)
Impressive, that exactly what I tell people when they get confuse.
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Thanks man. I know it's kind of a simplistic way to put it but it's a good place to start.
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I am not confused at all.
Doing just fine.
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I would consider myself a noob when it comes to cryptos. I have been following haejin for the last few weeks and trying to figure out how I even invest in these alt coins. It seems that you have to have accounts on many different platforms to invest in all the different ones. Do any of you have advice for platforms to access these altcoins? Thanks!
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Bittrex has a ton of alts. You can check the Markets tab for each coin on CoinMarketCap to see where it's listed.
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Thank you. Is there a way to invest in these by depositing USD or can you only do it by purchasing other coins first?
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Make sure you are fully verified before depositing anything into Bittrex
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I've used Coinbase and Kraken to deposit "real" USD. IMO, Coinbase is easier and if you set up an account at GDAX (uses your Coinbase credentials) you can buy without the high fees. I'm on the fence regarding Kraken as their website and trading platform has been unreliable.
I've only used Bittrex for trading coins. I do not trust Tether since it's not clear to me if it is actually backed by real USD so I avoid trading any pairs matched to USDT and instead tend to use the BTC pairs.
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Thanks for commenting.
BTC funtions all explained!
I rest my case.
It's not that I don't like BTC. Just that nobody will remember it in 20 years while some alt coins will rule the world.
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WHAT? Bitcoin is a game changer, do you really think no one will remember it? Wow.
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