I finally got around to actually reading up on crypto currency, making a wallet, and putting a little money into it.
>he's too late
>fell for the meme
>FUCKING ETHHHHHH
>NIG NOG COINZ
I made an account with Coinbase and have been doing shit through that because it seemed simple, easy and trustworthy; but as I've been doing my reading I feel like I've been getting more and more jipped.
The whole idea of a cryptocurrency is that it's decentralised, that you can do what you want with your money, your communication is p2p with you and whoever you're making a transaction with.
However, Coinbase required proof of identity, and all this extra shit before I could even just get my hands on some currency. It made sense, with all the shifty shit that goes on within crypto currency; just trying to cover their asses I guess.
But they've imposed a fucking limit on my trading, I can only put in $300 a week? That means it'll take me roughly 3 months just to get my hands on one BTC, and who knows what would've happened to the price since then?
I have money just sitting in a bank account and I'd like to move a little of it into BTC; not because I think of it as an investment opportunity (although it would be nice). Purely because I have more trust in a P2P type monetary system compared to a Slave-Master monetary system that the banks (muh sigz guriilian) have got going on now.
Is there anyway to fuck this limit off? Or just go through a seperate, trusted, service and make my transaction, without a limit, into that same BTC wallet? Have I fucked up?
Also, let's get some general discussion about holding money in BTC. Good idea, bad idea? Advantages, disadvantages? Are we guaranteed the value will hold? Is it a better guarantee than any current conventional bank? What major factors are influencing the BTC value? Supply, demand, general curiosity/popularity, vested interest, blind speculation?