Jovans Telegram post
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This is why Crypto is so important
Ok dude ... I’m on board, and I agree, in theory ... competing currencies and all that, bankerless world ... I see it.
Here is my problem, the bubble of all things is about to pop, and it actually lines up perfectly with Q. In fact, part of me thinks we are waiting for economy to tank to get closer to precipice. But Crypto only derives value from fiat. If Fiat “crashes”, and there is a stock market tank ... is everyone going to rush into crypto ?? They should, but I feel like it’s going to be opposite ... I am trying to find ways to preserve capital for when this pops, and the options are small.
Cryptos value derives of 3 things.
Personally, I've wanted to wade into crypto, but I found the instructions for setting up a secure wallet to be (a) extremely inconvenient, and (b) intimidating, in that if I were to make a mistake, I'd potentially lose everything in my wallet.
Maybe you're just a lot smarter than me, or maybe you just know a better way to set up a wallet. If you can point me to a "super easy"(but secure) way to set up a wallet, I'd be willing to give it a try, and I would be grateful to you. Maybe some other anons reading this would be as well. Thanks for your time.
You should get a hardware wallet. I'm using a Ledger Nano X. The setup instructions are pretty straight forward, especially for a PC. Though the only issue I had was setting up the app on the phone since it took me a second to realize the wallet I use isn't BlueTooth enabled (so I had to purchase a separate cable to connect it.)
There are other good options out there. With a hardware wallet, as long as you write down your pass phrase somewhere then you'll always be able to recover your assets.
To acquire crypto, you either mine it using a computer rig, or you can buy it from a trading platform like Coinbase, Binance, Kraken, Coinify, etc.