Hi readers,
Question of the Day:
Is Bitcoin Bitcoin when someone else holds your Bitcoin?
aka … is purchasing Bitcoin on Robinhood or Paypal a good idea?
Answer of the Day:
Bitcoin is Bitcoin is Bitcoin. Buy it wherever you want and hold it wherever you want. Robinhood and Paypal make it SUPER easy to purchase Bitcoin (and other cryptos). Exchanges make it a bit harder and have super annoying transaction fees. Weirdos who purchase Bitcoin in cash in person exist.
Bitcoin is Bitcoin is Bitcoin. Get it however you feel comfortable. You are getting in on the cutting edge… security is going to be an issue no matter if you have a hardware wallet, memorize your seed phrase, hold on an exchange, or just dabble on Robinhood/Paypal/Cashapp.
Tweet of the Day:
“So you propose to punish crypto companies for the sins of traditional big banks that they never committed, yet reward banks (the actual sinners) with a monopoly on the stablecoin sector. When has less competition and giving banks more power ever lead to more consumer protection?” -Tyler Winklevoss
This is what he is referencing –> https://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact
Crypto News:
- BTC is hanging around $19,500 for the day. Soooo boring… except it’s not.
- XRP is offering all holders of their coin an airdrop if you hold the coin on your crypto.com wallet December 12.
- The Santa Claus effect is pushing the demand for BTC through the roof (I made this up but I want it to be true)
Sorry for the short update today… its #finals season in school
-Kram
KRAM 