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RE: Coinbase is DOWN: why you should be scared if you have a lot of funds
Seems to happen all the time.
I don't have to worry about coinbase, I don't trust others with my funds
I just use CFD's to trade cash and also hold different coins in my own wallets
All the CFD sites I use are FSA regulated in the UK and I have been using them for years now and they always add new coins to trade all the time.
The only way I can lose all my cash is if the websites go bust but they are all great sites that have been around much longer than Cryptos as they are actually sites for trading STOCKS, BONDS, FX, COMODETIES etc.
I can also SHORT SELL and earn from cryptos losing value too. Earn when they rise, earn when they fall. Best of both worlds really.
Hope no one loses cash while the site is down.
interesting, what is a CFD? Certificate of Deposit?
It's Contract For Difference
I just trade the Value of Cryptos
I also get 50:1 Leverage so I can purchase 50x the amount I deposit (min deposit £100)
I could get 300:1 Leverage but that's very risky lol but I can also buy real stocks like McDonald's, Starbucks etc yeah they are less earnings daily but they are pretty much guarenteed lol
If I do a SHORT SELL I'm just promising to BUY back at a future price. If price goes up I lose the difference but if price goes down I pocket the difference,
I can get in and out at any time, any price.