13-09-2017 05:38 PM
Hi - You may find the following thread interesting as there are a number of FAQ's answer RE: trading crypto with IG.
The short answer is as follows: "[With IG] ...you don’t need a wallet or additional offline storage device, and account verification and KYC checks are automatic. You are not buying or selling the underlying Cryptocurrency, but instead speculating on the price movement."
a week ago
The trend is extremely bullish on Bitcoin and Cryptocurrencies in general. At the moment, Blockchain - Distributed Ledger Technology, has the potential to be a game changer in several industries. Digital Currencies may be announced by Central Banks but Bitcoin in my opinion is something totally different.
It is a digital asset that is limited in supply like a limited edition sports car, limited edition fine 1st grade Bordeaux red wine, limited edition of stamps, limited edition of a Patek Phillippe or Rolex, etc. This is why I can see speculators, Hedge Funds, investors, traders, lots of people basically jumping into to buy Bitcoin which will keep on going higher and higher until the very last Bitcoin has been released. At this point if there is no value to Bitcoin by then, it will come crumbling / crashing down. However if by then it has more importance and value then it could be something like a rare diamond!
There will be plenty of trading opportunities, volatility, crashes and spikes, along the way. Each to their own in terms of how to make money from it. Just be ready to short it as well and make money from it whether it is going up or down.
a week ago
Bitcoin is a bubble and rightly so, everyone is interested and so they should be. Gold, tally sticks, cash, crypto.
Bubbles are great fun, they fly about all over the place price-wise but that has nothing to do with the underlying value. Just like the 'dot com' bubble and burst, some blockchain affiliates (Bitcoin, Duck-Duck coin or what-ever that latest ICO is) will survive as did the big dot com companies (but not all).
The underlying asset is real (blockchain that is, not those celeb retard promoted ICO offerings), it's just the price you can't rely on, peeps are already printing 'Bitcoin 10,000' hats, yah. And it may well be so.
Buy a few to keep in your e-wallet, but otherwise just trade the ups and downs but expect a bumpy ride.
PS, @JamesIG can you put this thread in with 'FX and Crypto' ,