- This topic has 8 replies, 5 voices, and was last updated 5 years ago by
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Do you guys own any coins? Which ones? How did you convince yourselves on getting them?
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Right now I only have Litecoin. For a while I had satoshis. I traded them with somebody. I keep trying to find other folks who want to exchange coins. I just want to convert my cryptocurrency to USD.
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Where do you have your Litecoin @Fox? Satoshis aren’t a currency, I think it’s the way people call fraction of a crypto, like cents to dollars. But I might be wrong here. 🙂
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Apologize for this late response. I had not noticed your question. Recently my son opened an account with JAFX so that my husband I could start trading. Not sure it was a good idea as a report as recent as July 31, 2018, was published, “CFTC sues Forex Broker JAFX for taking US based customers”. At any rate, we have the account. Meanwhile, what I have been doing on my own is using the free faucets to claim free coins, and then trading them with people who want them for will pay me USD. Mainly, litoshis (litecoins) and satoshis (bitcoins). I think of it as litecoins / bitcoins / dollars TO litoshis / satoshis / pennies. Another analogy could be like trading penny stocks. If these coins are not a currency, then nobody told the people who are exchanging them with me. I hope this answers your question.
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Not bad having some btc @Shielder. Do you have it in a wallet or in an exchange?
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What does that mean Bitcoin for exchange?
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I own mostly Philippines coins issued by the central bank. I also have canadian coins, a US penny, and some old bagon lipunan Marcos coins, lots of them actually, that I’m planning to sell in the near future. Sometimes coins are a nuisance because you need to count them, unlike bills that its easy to dispose and you just wait for the change. But loose change are good for savings. This can really add up to a fortune if you only put them in a place. Big things have small beginnings anyway.
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I constantly speculate on the exchange rate difference of different cryptocurrencies, I have no permanent coins which I could hope for in the future. I like to try something new, and preferably keep my money in several currencies.
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Keeping your money in several currencies is of course very good, but for this, I think you need to invest in this a lot of real money.
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