Can someone please walk me through this? I have downloaded the coinbase app and have a wallet app, and now I'm ready to buy. But, I just need assurance. Is there any possibility of losing this money once I move it? Who uses it? How? Is it secure? Just need to know that smart people other than Dave from x22 are buying this and that its a strong move.
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All I'm going to say is that I invest in zcash. It's was created as a private option to bitcoin. It's basically bitcoin 2.0, but it's much earlier (4 years) into the mining cycle. Grayscale which is the world's largest bitcoin asset manager put out a thesis project its price to potentially be $60k by 2025. I would research zcash if I were you. I also use coinbase and know others who hold hundreds of thousands in it. Don't know offhand their security protocols though.
Also, my investment in zcash has tripled since December. The first halving in the mining process happened in November and since then it's bottom resistance has risen every month.
Also it's a very wild coin, it will go from $145 in the morning to $160 in the afternoon to $120 in the evening. I just buy it, and plan on letting it sit a few years.