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Anybody here use Coinbase to invest in cryptocurrencies like Bitcoin, Ethereum and Litecoin? I've finally decided that I want to dip my hands in the cryptocurrency game so I've opened a Coinbase account after hearing about this American-based company from various people and places, but I've not been able to verify my payment details as their website doesn't really specify how to do this for UK investors. I would like to invest in Ethereum and Litecoin (not Bitcoin because it's way too expensive for me) but can't because of this payment verification confusion. Any pointers?
I was wondering if anyone could help me explain hoe buying silver and gold et al is basically pulling money from the system. Lowering the demand for (in my case) dollars or any other fiat currency. I understand it, but I can't explain it. Maybe one of you are better at explaining stuff in words than I am. Some one said that I am not really pulling money out of the system, but just recycling the fiat. And also I am acctually speeding up the velocity of money by trding my dollars for silver. I see it as I traded my dollars for a hard asset that is part of the fractional reserve banking system and silver is not a fiat currency.