Binance Bitcoin warning sent to my mobile phone early this morning. To me this is a very professional approach by a responsible cryptocurrency exchange. Especially since this market is completely unregulated.
Cryptocurrency exchanges, like Binance, do not have to issue a Bitcoin warning at all and to be honest it probably isn’t in their best interest to do so short-term. The market moving is how they make money.
Long-term for loyalty though from a customer/traders point of view this is certainly welcome.
You’re still here! Excellent… It’s time to do the important bit, let me show you how to sign up to Coinbase and lead you by the hand to buy your very first Bitcoin. Exciting times! (Sounds patronising but it’s actually not, I was well excited my first time… I also enjoyed buying Bitcoin as well.)
Note: At this point you should start to have a dislike for Fiat (normal currency). According to all chat boxes on every crypto exchange that you’re going to use from this point forward, Fiat is evil.
Blockchain cryptocurrency… It’s the future, man. Well, is it? Who knows. That being said though it has done pretty well in the past 10 years.
I wouldn’t suggest doing what I did. I literally logged on to an online exchange checked out Bitcoin (BTC) saw that it had just had a great run up to $19,000+ and thought “Yeah, this is it! There is money to be made here, it’s going to continue going up, right?”