🇳🇱
Man the crypto markets have been killing it for 3 months straight, nothing but up up up.. I made 3% on my investment overnight.
I feel like with the recent addition of crypto pay to paypal, plus Starbucks taking cryptocurrency and a few other major retailers this trends isnt going to change, if anything it is going to accelerate.
I really feel like we are on the verge of crypto breaking out to mainstream and seeing it as a payment method everywhere in the next year... Now is absolutely the time to start investing in crypto.
@freemo do you have any platform to suggest on which invest on these assets?
@v4ngu4rd yes, but before i give a full answer what do you mean platform here? Are you talking about the buying/selling, the storage of it? the trading from one token to another? The using it to buy goods directly without needing to convert to fiat? Or all of the above? (generally each of these questions uses a different tool that all interconnect).
Oh and another question for me to be able to give you a good answer...
Do you plan to hold just one or two cryptocurencies? Or are you interested in holding a large variety of them for the purposes of investing?
The reason i ask is because there are different wallets (hardware, or software) that are suited for different scenarios.. hardware are way more secure but if you plan to spend your crypto like money they arent convenient they are more suited for storing large amounts (like a bank). I keep a software wallet with a tiny bit of just one crypto on my phone, this is my spending money. Then on my hardware wallet I have like 20 or 30 different cryptos stored and kept at home (with the backup in a safe at the bank).
I'd like to get into crypto as a medium of exchange but I can't find one that is a) not wasteful of energy, b) fairly distributed, c) private, d) stable, e) actually decentralised (you'd be surprised) and f) not super expensive to transact with like Ethereum (preferably one that will stay that way too).
What I do is use a bank called revolut. They allow me to instantly exchange between fiat and crypto at no fee. This is my day-to-day spending. So i keep a few hundred as USD, then a few thousand as ethereum and only move my ethereum to USD when i need it. Then spend with my bank card.
If you want to spend with your crypto directly then you can use binance.com if your out of the USA to get a bank card backed by crypto, or you can get crypto.com as well. Or you can just use paypal or companies that take crypto directly.
As for actual cryptos that meet all your criteria, sadly we are still on our way to some of those goals with a clear path and timeline but not all there yet. The reason being the coins that truely match all your criteria are new and in development so not really supported to buy things which seems to be limited to only the most popular coins like ethereum or bitcoin. But they will be major players very soon.
Ethereum is probably your closest match as they are transitioning to proof-of-work so they will soon satisfy point and are ok-ish on your other points. However I'd keep an eye on cardano, it is still in development, though stable as a currency, and right out of the gate seeks to satisfy all your requirements. Just needs to get a bit farther along before it becomes mainstream enough hat you can buy things with it directly.
Keep in mind im investing, so im betting onw here things are going. I am not trying to say cryptocoins **are** mainstream yet, but they are very clearly breaking through to mainstream now and headed there quickly. So from an investment standpoint they are the no brainer choice. From a consumer standpoint they arent the best yet but are very quickly getting there.
