Ok, calling all the crypto people to help, I know nothing. Looking at my stupid robinhood app, that I have like one share of Ford in that I forgot about a few years ago, and looking at Monaco and crypto.com as an alternative, any thoughts on where to start (like, $500 investment maybe, that's -all- I can really afford to risk on anything, so not going much higher). @freemo ? Anyone?
@freemo @Coyote Most cryptocurrencies, despite the market value, will not have any adoption as a method of payment, and their value relies on people increasingly willing to pay more money for it.
As an example, this is a cryptocurrency market that has adoption as a method of payment (supplies, services, rent, etc). Yet, the currency has no formal presence on any market exchange site.
www.gchange.fr/#/app/home
4/?
As an example, this is a cryptocurrency market that has adoption as a method of payment (supplies, services, rent, etc). Yet, the currency has no formal presence on any market exchange site.
www.gchange.fr/#/app/home
4/?
🇳🇱
"Most cryptocurrencies, despite the market value, will not have any adoption as a method of payment,"
That can be clearly demonstrated to be false as they **already** have adoption as a form of payment.
Paypal now accepts cryptocurrencies at checkout, this covers like 50% of the internet or more right off the bat.
Moreover a ton of companies directly take Cryptocurrencies as payment now:
* Starbucks
* Microsoft
* Overstock
* Subway
* Shopify
* Dish Network
* AT&T
* Burger King (Venezuela)
* KFC (Canada)
* Twitch
* Pizza Hut (Venezuala)
* Miami Dolphins
* Mavricks
* Virgin Galactic
* Norwegian Air
* CheapAir
* NewEgg
The list is rather long I do I really need to continue?
@freemo @likho
I had a mona.co account a few years back, they have been able to manage to link a Visa debit card to the account, not heard of problems spending it, to the contrary, sell just enough to put cash in your account for McDonalds, put the change back into crypto right on your phone... Not sure "adoption as a method of payment" matters, Euro's don't work locally either, but I can keep my money in them and still spend it. Unless trading for fiat is banned, shouldn't be an issue (but what happened yesterday, some country banned it?).
I had a mona.co account a few years back, they have been able to manage to link a Visa debit card to the account, not heard of problems spending it, to the contrary, sell just enough to put cash in your account for McDonalds, put the change back into crypto right on your phone... Not sure "adoption as a method of payment" matters, Euro's don't work locally either, but I can keep my money in them and still spend it. Unless trading for fiat is banned, shouldn't be an issue (but what happened yesterday, some country banned it?).
@freemo @likho I'm not worried about the usability factor, that's what exchanges are for. Honestly, if you have the tech to have a crypto wallet, you have the tech to do an exchange and spend the money. It's a non-starter argument, unless the only goal is complete fiat replacement. But, people invest in gold, and McDonalds doesn't take gold and I can't pay my rent online with it.
