Quote from: philipma1957 on Today at 04:44:48 PM

Coinbase is FDIC for 250,000 that is exactly the same as a bank for a US citizen. Same program.

So if you read what I said you would know that coinbase is great for setting a buy the Dip with cash since the cash is insured.

Ie
I have 48.1k price point for 2000 usd
I have 42.1k price point for 2000 usd

as long as we do not ever drop to those buys my cash is as safe as a bank as I am USA based.

BTW if you have cash and do not do something like I did for some of your cash it is plain dumb.

My cost for that buy the dip is I lose bank interest as coinbase does not provide interest on USD.

I am willing to do that.

I lose about 4.3% in a year as I can get 4.3% in my PayPal bank account which is also FDIC

Enlighten me if I am wrong but as I understood, Coinbase is great for US citizens because it offers FDIC insurance up to 250K USD when Coinbase's US citizens keep dollar on their website. Once they buy crypto, they are not insured other than crime insurance and in the best case an user should withdraw coins immediately from Coinbase. If an user wants to trade, then they deposit, exchange and hold USD on their account for as long as they wish because they are FDIC protected. Am I right? But at the same time, this protection doesn't apply to non-US citizens and for such citizens, there is a different insurance.