Not the best of days on the crypto market

I have about 10 different coins, a little bit of Bitcoin, and other like Doge, Litecoin and so on. Some days they can skyrocket and then some days they come down.

@kevin1877uk Have you cashout already from your coins?

@averygirl72 No, not yet, I'm in for the long term of things, hoping that they with continue to go up in value. At one point I almost cashout my Bitcoin, but held off.

No, it's not real money until you cash it out into your bank account, then it becomes real money. There are many places were you can by items with you bitcoin, ever coffee.

It's digital currency, not physical money. There's a lot of speculation surrounding it, which is why the prices are (generally) trending upwards. People are buying into it because they're seeing an opportunity to resell it for more later. I saw a blogger call it basically a digital version of Beanie Babies the other day, which is kind of hysterically true. Some of the supporters argue that it'll always be worth the value it took to mine it at a minimum, but really it's only worth what someone else is willing to pay for it. Considering how extortionate the fees for transactions tend to be these days, it's not really a practical thing to send money like PayPal. Last time I checked it would have been over $17 to send any amount of Bitcoin. The sender typically pays the fees; higher fees mean that the transaction will be confirmed sooner, which means it goes through sooner. Anyway, there are a good number of merchants that take it. I actually got into collecting Bitcoin several years ago when I saw that Overstock.com accepted it as a payment method.

Same here I use Coinpot and Faucethub, I converted a lot of my Litecoin into Doge in Coinpot when Doge was at 0.0047 or thereabouts but now have started to collect Litecoin again. I have 0.015 Bitcoin and I can't see myself getting much more than that because like you have said, fees are too high at the moment, but I'm in the for long-term and things may change. Glad you were able to get some nice things with your Bitcoin YAY, I almost cashed out my Bitcoin when Bitcoin hit 20K but didn't. I hope that Doge continues it climb in value even if it only gets to maybe a dollar, that would be amazing. All the best with all your coins

What did you convert you BTC too? I think BTC will climb again and will go over to what it was, but for now, it seems BTC is slowly falling, down below 15K this morning.

@sabtraversa Thank you, maybe when I decide o cash out my BTC.

@kevin1877uk Into a giftcard, it was the easiest way to convert BTC.

Yeah, good to be paid early YAY.

@kevin1877uk

I'm sure with time prices will go up but with being low you get more on the Faucets which is always good.

@kevin1877uk but they can also drop further down. and that scares a lot of people.

@thislittlepennyearns True it could do that, but over time I'm sure they will go back up.

Yes, that is very true indeed.

Bitcoin is the main one for now, but anything could happen that is for sure.