I'd compare BTC to gold/silver.

Both valuable hedges vs inflation.
Supply cap (BTC halving + cap vs Metals ~ Limited supply + growing regulations)
More liquid than gold/sliver ~ annoying af to sell large quant of gold bars + you have the problem of storage/safety .

This post was edited by potentate on Feb 8 2021 04:36pm

What wallets do you recommend? Can you give a run down of advantage of wallets and how they work opposed to using Coinbase etc? How do you transfer from coinbase to your wallet?

You can use coinbase or coinbase pro or coinbase wallet or basiocally 10000 different wallets

Look below.

https://forums.d2jsp.org/topic.php?t=84592749&f=383

Coinbase is an exchange, you dont own your crypto.
You can transfer your crypto from your exchange to your wallet with a provided address in your wallet

I put a small stake into exodus for staking, and everything else goes into my cold storage (trezor)
I am in the process of transferring from Coinbase to Binance due to fees, and more charting ability.

To be fair, Ive held a sizable amount of BTC in my coinbase since 2015 and forgot about it. So honestly its not a huge deal, but its just a bit more safety

This post was edited by potentate on Feb 8 2021 04:45pm

Binance for the US the app is bad. The regular binance app doesn't work for US anymore. What are you using?

binance.us
Im testing out kraken as well, but I like Binance so far since its integrated with tradingview.

This post was edited by potentate on Feb 8 2021 04:50pm

I've messed around with kraken a little bit. It's definitely not as user friendly. Are they better as far as fees go? When you try to purchase different crypto it has a pretty weird layout in the app, hard to explain. They have 3 colums, Amount of crypto, Limit Price USD and Total USD. Have you messed around with purchasing on Kraken much?

K am I ordering the Trezor t or the trezor one

I recently ran into a problem with Binance. Apparently not supported in US anymore?

Fees off the top of my head for lowest tier maker/taker
Coinbase 0.5%
Kraken 0.26%
Binance 0.1%

I just like the interface of binance a little more. Security of Kraken is said to be alot better tho, and they based in USA.
Still waiting for verification, taking so long with all the traffic thats going on with stock and crypto exchanges



I think old Binance in USA you have to use a VPN if not using Binance.us
Just a guess

This post was edited by potentate on Feb 8 2021 05:07pm