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BitcoinShrooms? Surely nobody could be so daft :emptiness:

I’ve been feeling twitchy lately and the fun is over. Upon seeing the BBC article I decided to sell all my remaining crypto. To be fair the Binance app worked perfectly and the funds were in my bank...

I guess such would at least protect an individual investor from the risk of theft or loss of their crypto and the fund provider takes such on. Not that I think such is worth the fee, but no doubt...

Once your money is cleared in your Bitcoin wallet then go to the Trade screen and there is no charge to convert between currencies (unless I’m mistaken)


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^^ well the banks were deemed to be too big to fail in 2008, so perhaps many other large corporates would enjoy similar treatment (*not that I'm suggesting crypto currencies would be among them)

I'm not disputing your point but not sure I understand it - the FSCS isn't so much an example of 'backing the currency' as far as I can tell, but rather an insurance against the collapse of a bank....

I dipped my toe in about 6 weeks ago. Possibly daft and without research but it is a small value I wouldn't cry about if I lost. I went with BINANCE because they appear to be one of the largest...

Apologies and point accepted on the inflation/money printing, so I'll repeat my question without that element:

I defer to your superior knowledge on all things financial Raffe, but the term 'legal...

Crypto assets would be considered the same as any other investment (be it shares, oil paintings, wine or whatever)

I defer to your superior knowledge on all things financial Raffe, but the term 'legal tender' surely has minimal real world benefit? In the UK only sterling is considered legal tender, suggesting...

Hardly different to normal currencies which are paper numbers and a belief system.

Actually usually digital and rarely even paper these days.

Society has just believed it for thousands of...