Bitcoin buying via Cash App has gone through the roof

Discussion in 'General Bitcoin Gambling Discussion' started by Lance, Aug 5, 2020.

  1. Lance

    Lance Member

    One of the reasons that I really like buying bitcoin using the Square Cash App is that the app only offers Bitcoin (BTC). I find sites like Coinbase confusing and I no longer recommend them because it can be quite confusing to newbies when they login and are confronted with with 20+ different digital assets for sale. I know more than one person who has bought Bitcoin Cash by accident or XRP Ripple because it is cheaper. The great thing about Cash App is that they only offer Bitcoin and the user interface is super easy to use as a result. There's no need to worry that your uncle or best mate are going to invest their life savings in a shitcoin.

    Anyway, it's no surprise that more and more people are buying bitcoin in the United States using the CashApp. They just announced their Quarter 2 2020. In Q2 they sold $875 million worth of bitcoin compared to $306 million in Q1 2020 and $120 million in Q2 2019. That is phenomenal growth. Just look as these numbers....

     
  2. PokerGod

    PokerGod Member

    Cash App was my favorite way to buy bitcoin for gambling but one time I transferred directly from my Cash App wallet to Nitrogen Sports and they shut my account after that. I knew exchanges like Coinbase and Kraken shut accounts but I didn't think Cash App were anti-gambling also. Anyway, if you are going to buy or sell using the app, be sure to use a wallet like BRD or Blockstream Green to withdraw to.
     
  3. SprayDown

    SprayDown New Member

    Yes, in 2020, when I decided to invest money in bitcoin, I bought it through the Cash App, and as it turned out, almost all smart people did so. Around December 2021, I decided to sell all my bitcoins, and it's good that I did so because, in February 2022, bitcoin began to fall and reached the price of 20 thousand dollars apiece... Although in December 2021, I sold it for 60k... Now I am investing in stocks, and I advise you to do the same because it seems to me that the cryptocurrency market has ended. Moreover, now there are stock brokers through which it is very easy to invest money in shares of large companies. By the way, I recently learned about them from this article -- https://investorjunkie.com/stock-brokers/best-online-brokerage/.
     
    Last edited: Aug 4, 2022

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