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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Bitcoin is a THING.
All things are traded as commodities.
The valuation of a thing is dependent (in small part) on genuine interest and (in large part) on how various thieves will use the machinery of algorithms, press touting (to include boosters on alt-media forums), and fear-porn to herd impressionable crowds. Bitcoin is promoted as being scarce. But cryptos that are functionally identical to Bitcoin are not scarce. (I.e., compare to gold; there's only one kind of gold.)
Here's the "tell" for me: PayPal wants me to use Bitcoin. Musk wants me to use Bitcoin to buy his carbon-swindle scamcars. And there's a Bitcoin kiosk in every stupid supermarket now. The Cabal obviously wants me to use Bitcoin and go fully digital, all the while various hysteria shriekers are promoting it as the end of the Cabal.
"Is it secure?"
Coinbase is not "secure". It is an corporate exchange, just like a stockbroker, and has the same relationship to the IRS that a broker does.