Recent content by Stephen Young

  1. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    We welcome constructive regulation as it will build trust in the industry. We’ve built a growing base of active users and are excited about some new products we’re launching based on their feedback. In addition we are launching new territories on a regular basis and seeing organic growth in...
  2. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    While shares and bonds do have intrinsic value. Currencies have not had intrinsic value since we abandoned the gold standard. The intrinsic value of a R100 note is the cost of the ink and the paper used to print it. The rest of the value come from our belief that other people will accept that...
  3. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Cryptocurrency is defined as an “asset of intangible nature” and would therefore be an asset which naturally forms part of a person’s estate normal rules of succession would apply. You would just need to ensure you have arranged for private keys and hardware wallets etc. to be transferred.
  4. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    There are two answers to this. The first answer is, if you want to be a low level blockchain engineer working on systems like bitcoin-core it would be best to start with a language like C. If you are only looking to integrate with blockchains and use them for some other project, I'd...
  5. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    On 6 April 2018, the South African Revenue Service (SARS) announced that it will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income...
  6. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Yes Regulations are indispensable to the proper functioning of economies and societies. They underpin markets, protect the rights and safety of citizens and ensure the delivery of goods and services. Regulations creates certainty in the market which allows for adoption. BUT, it has to be the...
  7. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Blockchains solve a real problem in computer science, this solution has the potential to create a global, censorship resistant, open access open innovation financial system. Investing a small portion of your total net worth in crypto acts as a hedge against a future collapse of our current...
  8. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Right now, the best and safest way to buy cryptocurrency is through Coindirect.com.
  9. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Limiting the number of cryptocurrencies is impossible. All the source code for these projects are open source and anybody can download the code and modify it in any way they choose. This is a good thing though, the internet wouldn't exist in the form it is today if the foundational...
  10. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Futures, derivatives and margin trading are important parts of financial markets. In the long term I think they will be important for crypto markets too. I also think we will see new kinds of instruments develop in crypto that haven't been possible in traditional markets. Exchanges like ours at...
  11. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    It actually, depends on your trading strategy. If you need quick access to take advantage of market movements you might want to keep some funds on an exchange like ours at Coindirect.com. If you are buying and holding for the long term you should consider a paper wallet or cold storage. If you...
  12. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Hmmm.... we're not really in the business of buying bags, even if they're holding tokens. Perhaps register at Coindirect.com and see if there's anyone on our exchange looking for the tokens you're holding (if you're holding coins in your bags!).
  13. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Coindirect.com doesn't advise on the prospects of projects or tokens specifically. It's best to #DYOR and decide if you're a fan of what they are trying to achieve.
  14. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Join Coindirect.com and if the coin you are holding is one that we support, you can find buyers!
  15. Stephen Young

    Ask Coindirect CPO Stephen Young Anything About Cryptocurrencies

    Stop loss orders are definitely on the radar at Coindirect.com. Our exchange offering is highly targeted at professional traders. We have a full API to support trading bots, multiple fiat pairs to make it easier to buy crypto using ZAR. Over time we will be adding more and more technical...
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