Crypto Bros in the house?!?
🗣️ DISCUSSION 💬
To all the crypto guys that lurk among us. For those of us who are crypto-finance retards, what should we be investing in? WTF is the difference between Bitcoin and all the other shit?!? Help us out! I want to get in on this scam
I was able to turn $1,500.00 into eighteen bucks through crypto trading.
I'd like to give some good advice but I think I'd better to keep my secrets to myself.
I had 100 dollars worth of bitcoin in my cart when it was 3 dollars. Decided against it because I didn’t understand the wallet thingy totally at the time.
Went to 80 dollars the next day. I thought that was crazy and didn’t buy.
So…. Not giving my advice either.
Mask keiser said put 10 cents on bitcoin, use a ledger and than me when you’re a millionaire in 10 years. I said this guy is CRAZY.
Also got fleeced out of $700’signal group.
You give a whole new meaning to a handshake account Dick Touchings.
I bought 5 bitcoins! I bought them for $75 each and sold them for $175, thought I was a pimp making $500 on crypto 🤦♂️
I’m confusion… how is $500 purchased years ago worth $80 when the current price is ridiculously higher then a few years ago?
My bad… I assumed you were talking about Bit Coin and not some random alt coin.
Most crypto fail.
I ly BTC, eth, and a handful of others haven't crashed.
Plus tons of shit coins and scam coins.
Betcha' those "tighty whiteties" were a lil' tight down there after that gig, eh????
XRP has 6x’d since we bought
Bitcoin is all you want. It is the only one with a finite supply. It's actually the only thing to ever exist with a finite supply. Think about what that means financially. Also there is no CEO, no board members etc. The rules are fixed, unlike ETH, SOL, XRP, and all other shitcoins. Shitcoins are like the FED
Also this board needs to understand that Bitcoin is a part of the Q plan. Read SoftWar by Space Force Major, Jason Lowrey. It talks about how America needs a Bitcoin Stockpile. What has Trump been talking about lately? A Bitcoin Stockpile.
I'd recommend "God Bless Bitcoin" as an intro to Bitcoin https://www.youtube.com/watch?v=3XEuqixD2Zg
Deep dive on Bitcoin, economics and finance with Tucker https://www.youtube.com/watch?v=wdJFeSY8UVk&t=3265s
Rugpull Radio on Rumble covers all the high level Bitcoin/Q connections. Must watch! https://rumble.com/playlists/N6IFHf2pPm8
Thats absolutely not true, there are many cryptos with a finite supply and still in the top 20 by market cap.
Also untrue, there are 5 developers that control the git codebase that all bitcoin miners must use. They have the say in what changes can be made and the miners have the say in what gets adopted. Holders of BTC get no say in what happens.
Bitcoin has several flaws and is getting more and more centralized over time. It can never decide anyrhing without forking, doesnt give the holders a say in what should be updated and when a quantum chip comes out that can break blockchain cryptography, i dont think bitcoin will react in time. It moves extremely slow and still has no smart contract dapps. Lightning network also has several flaws if you want to get into that.
It will never be able to hand millions let alone billions of transactions a day. It is limited in its growth potential over the long term.
Challenge: Explain how Bitcoin is part of the Q plan.
The rules: Only use Q posts.
The Covfefe decode shows all the number comms hidden in the Q posts that are also contained in the timestamp of bitcoins first block.
In the decode you will see Q is using the numbers 315 and a double 11 as comms for taking down the central banks. Andrew Jackson's birthday is 3/15, and he took down a central bank, and JFK's executive order to issue his own debt free US dollar was 11110.
Bitcoin's first block was 1/3/2009 at 1:15 pm EST
If you convert 2009 to an 11 (2+0+0+9 = 11) you get 1,3,11,1,15
Which gives you the double 11's and 315 (1:15 pm is also 13:15)
Q's posts about the central banks was Q #135 on 11/11 and their 2022 post about inflation and the FED was also on 11/11.
Q's first mention of "11.11" is Q#1357 on 5/13 https://qalerts.app/?q=11.11+
Take the letters of Trump's Covfefe tweet and you get 315 and multiple 11's and the tweet was on 5/31
C = 3
O = 15
V = 22 = (11+11)
FEFE = 6,5,6,5 = 11,11
Trump retweeted "Can you imagine a president taking on the Federal Reserve" at 11:53 = (11 and 315 combo)
The timestamp on Bitcoin's 2nd block also correlates to Trump's first tweet.
Thank you!!! This is awesome ^^^
My submission. https://rumble.com/v5yiu9t-rugpull-radio-ep-101.html?start=3145
Its not finite if its infinitely fractionable?
You're kidding, right?
No I'm not, but i assume you must be.
You must not understand how fractions work and how fractions cannot dilute a whole. Please consult your nearest math teacher for more information on how fractions work.
Bitcoin is infinitely fractionable in theory, however this divisibility does not negate its finiteness in terms of total supply. The cap at 21 million bitcoins means there's a maximum amount of Bitcoin that can exist, no matter how small each piece gets divided. This aspect of Bitcoin's design is central to its economic model, aiming to ensure its value through scarcity
That's as dumb as saying "gold isn't finite, because I can shave coins down into atom thick slices"....
That doesn't increase the gold supply (or Bitcoin)
80% of my crypto is Bitcoin; however, I wouldn't say Bitcoin is the only thing to ever exist with a finite supply. There is a very finite supply of Stradivarius violins, Picasso originals, rare stamps, T-Rex fossils, and beachfront real estate to name a few examples. Also, Bitcoin could theoretically change the rules if there was enough consensus, no? Maybe unlikely but not impossible. That said, it would particularly unlikely for BTC holders to reach a consensus to increase the supply unless there was somehow a benefit to do so.
Anyway, I believe quite strongly in the finite supply of BTC, and it is, at present the only widely available asset with a finite supply.
I agree there is a very limited supply of some things like Stradivarius violins but someone could pay to have another produced. No mater how much money someone has they can never create another Bitcoin. The supply cap of 21M is hardcoded.
Thank you for this! I’m 63 and have been studying a Bitcoin for a few months and started buying about three months ago. Mostly have Bitcoin and a bit of Etherium.
Put a small percent into GME. If it ever pops off, you'll be thankful
It never will. There's zero chance your $50 will turn into $100,000.
Agreed. I hold GME and there’s No way it will ever pop like bitcoin
Wanna bet on that?
There is a possibility that the NCC/DTCC get forced to utilize a blockchain tech to ensure t0 settlement, IF that happens the manipulation should cease, and pop goes the weasel.
how much do you think each share will be worth?
GME is basically Iraqi dinars
Tip#1 If you just want to make a quick buck, turn back now. It's not for the weak minded.
I’m not weak minded. And yes I want to make money. That’s the point of investing! Doesn’t need to be quick either.
True Story:
In 2014 I setup mining rigs to mine Dogecoin when it first came out. In under four months I mined over five million Dogecoin. It was a worthless shitcoin for many years. I held it until 2020 in a cold wallet, then decided to trade in and out of bitcoin on Bluetrade and another trading platform known as Cryptopia. Guess what happened, like many other CEX's they were both hacked and shutdown. I lost more than half of everything. I lost the remaining amount on Loopring's smart wallet hack in June of 2024. (connected to Gamestop)
Best advice I can offer is to buy small quantities every month, hold it in a cold storage wallet and forget about it for 10 years. Bitcoin overall has the best performance of all because it started at pennies in value in 2009/2010. Shitcoins with no utility in my view are not worth toying with. However I do feel like Etherium is a good second choice for the utility reason. Litecoin used to be #2 for many years but as far as market cap valuation it is far lower now.
I personally feel that the market cap values may be completely fake and the theory behind using USDT (Tether) to inflate bitcoin's value may have been occurring for a number of years. If/when it comes out that Tether is backed by funny money get ready to see a real BTC crash.
Why in the fuck did you keep it on an exchange and not your wallet? And you fell for it a second time with Loopring.
You didnt do your research, you didnt follow the basics in keeping your crypto safe. If youre day trading on a platform you need to do more research into what platform youre keeping your crypto on. What is the team, where are they based... basic stuff.
When you put your money into Loopring smart wallet did you do any research on how it worked? Did you ask if the wallet was custodial or non-custodial? Or did you just follow reddit hype?
Bleutrade was hit and miss, up and down. Should have withdrawn and gotten out before they went offline for good. One day they restricted withdrawals only if you ID'd yourself and were in their geographical country preference list as I recall.
Cryptopia was like Mount Gox all over again. Personally I think it was an inside job. I'm not alone, look how many people still use: Coinbase, Binance, Kraken and so many others.
As for Loopring, that was a bigger bullshit deal. I had 2FA setup but it was a backdoor hack on the service that handled their "guardian" setup. I personally believe it also was someone on the inside that knew how everything was setup. Loopring's response has been total crap. They got hacked, didn't report it, then got hacked again when customers lost funds. They've done nothing to make their customers whole. As you should know, Loopring smart wallet is billed as "be your own bank" a decentrailzed, not centralized, wallet. Didn't matter. They were able to pull everything out of my level 2 wallet.
So that is my advice, don't trust any wallet, use cold storage at all times until you want to cash out.
I agree, thats the take i have.
Coinbase and Kraken have FDIC insurance and give a lot of info to the Fed like a bank. I doubt theyll go under until you have a big fallout with the banking sector just because of all the info they have to give but I could always be wrong.
If you get a chance, i recommend looking into Cardano and how its built. Charles Hoskinson can be a pain for a lot of people but I think the people building Cardano are doing something right. They've had no glitches or hacks on the blockchain in 8 years though there have been a few projects that rug pulled. The big con is that progress can seem slow from the timeline of announcement to completion of a big change.
They have a solution for practically every problem in the crypto industry. Their governance is also something to admire but they'll have to make it dead simple easy for users to become a drep, find dreps, and vote. Lace wallet was supposed to help with that.
Loopring hack?
Personally I think it was an inside job involving Daniel Wang.
https://www.halborn.com/blog/post/explained-the-loopring-hack-june-2024
https://medium.com/loopring-protocol/postmortem-incident-report-and-path-forward-aa64f7e5f7d1
Just an addendum to a post above, don't transfer your data into a cold wallet until you acquire 0.01 Bitcoin, currently about $1000. Learn about UTXO management as you acquire sats. No rush.
Look into who is on the boards of the crypto companies themselves. Also, evaluate the use case for the crypto itself. Also, look at into the coins surrounding the ISO20022 standard.
Examples:
On the board of directors for Ripple (XRP) is Rosie Rios, the 43rd Treasurer of the U.S. My thinking is that she didn't get to where she is by chance and she wouldn't be on the BOD for some scam company. Also on Ripple's board is Sandie O'Connor. Her resume reads like a who's who on wall street. Lot of big money connections. XRP is a cross border payment/settlement solution (think big money) that will change correspondent banking and is ISO20022 compliant.
The most recent #SmartCon conference, Andrew Crawford, VP of digital assets for Franklin Templeton Investments($1.7T AUM), talked about saving $200M/year in transaction costs by implementation of a blockchain settlement and accounting reconciliation solution via Steller (XLM). They are also partnered with MoneyGram as a settlement mechanism for money transfers. XLM is also ISO20022 compliant.
The U.S. Federal Reserve has an implementation date of 3/10/25 to become fully ISO20022 compliant.
For the 2 coins I mentioned they may not take off right away until institutional money starts to flow into the sector but it eventually will take off. Follow the people and the money if you are looking to invest in crypto and stay away from the memecoins. None of what I'm saying is financial advise blah, blah, blah, and obviously don't invest money you cannot afford to lose as some investments take longer to mature.
I meant one of the founders of ripple last summer. Nice guy. Nerd of course. He lives in BC Canada, north of Kelowna
Don't forget about Bill Clinton promoting XRP
https://www.forbes.com/sites/yoavvilner/2018/10/03/bill-clinton-speaks-at-swell-by-ripple-as-regulatory-concerns-grow/
I'm not boycotting shoes or XRP. I own both. Just stating facts. It's important to have them all I think.
ADA, HBAR, FET, ALGO, and XRP are all really solid coins that have done really well for me and should continue to do well. Research the Bitcoin halving and 4 year cycle. We’re in a bull market right now, and should be for another 6-10 months. In the bear market bottoms are when you should be investing heavy in these projects, while taking profits in the bull run. When everyone you know starts asking/talking about crypto, that’s when it’s time to sell. When everyone is calling crypto a scam and saying it’s going to zero, is when you want to buy.
Don't forget SOL and DOT
XRP. Bitcoin can't and never will be able to do what xrp will.
Buy small amounts of each coin and attempt to trade, transact, or otherwise utilize them. You'll learn their strengths and weaknesses firsthand.
Bingo.
The way I see it; crypto requires BOTH parties to have all the following, at a minimum:
And that's just a start.......woof.......
Most folks just want to use it to gamble, unfortunately.
In the early days of crypto vendors were hopping on the train left and right and it would have easily had the momentum to make VISA irrelevant if the Fed hadn't illegally stepped in.
u/FreeinFL2020 I requested this to be stickied so more Anons can take a look and add their 2 cents (or 1.9708884987077132e-7 in BTC, KEK)
Nothing I write here is financial advice. I'm super retarded.
I think there are quadrillions in cash that's going to come down the pipe and pump everything in the end.
Utility coins: XRP, Loopring
Memecoins: $wen, $gil (because Jared Lang connection, who is Ryan Cohen's brother in law, X handle is @1000quadrillion). Trump interviewed @farokh so I follow him as well to get a sense of the community they're building.
Ripple got to meet with Trump directly and took a picture together, but AFAIK Bitcoin people have not with the Boss, only other Trumps.
I follow @Edwinbarnesc for the deep research on this stuff. We have similar pattern recognition skills, but his mind is way more expansive and capable of understanding the finance side.
I just learned today that apparently Ripple and Bitcoin were birthed from the same IP address.
I invested when the price was $26,000 now it's over $100,000. Pretty nice return in just a little over a year.
But, with that said you should never invest in anything you don't understand. And you won't get that understanding here. Go to YouTube and listen to Michael Saylor, Max Kieser, Jason Lowery and the What is Money series 1-9 with Robert Breedlove. Plus, check out early episodes G Money on Rumble. That'll be a good start.
Well, considering a good part of the conversations here over the past 4 years have been about how people can't afford to buy eggs and/or their medications because of inflation, there's probably not all that many people who have the extra money sitting around to invest in something as temperamental as crypto.
The audience here also skews heavily towards retired people on small fixed incomes.
I think people just like daydreaming about buying crypto or GME or whatever Trump’s thing is, and it going through the roof, and they become instant kazillionaires.
🤷♀️ It's fun to fantasize, I suppose. But yeah, don't invest in anything you don't understand. Seems like sound advice.
Personally, I would look around me for a trusted financial advisor/consultant/planner and go from there. Many people gamble away not only their futures, but their childrens' as well, on stuff like this. And that's exactly what crypto is, gambling. As is playing the stock market. If you wouldn't take your hard earned money to some casino in Atlantic City, then you probably shouldn't be investing in things like crypto and meme stocks. Just my .02, which absolutely no one asked me for. ✌️
Well that's the beauty of Bitcoin. You don't have to invest a lot. A little here a little there. And, yes it's a gamble but if you really understand what it is you'll know that the chances of a good return are very high.
Like all emerging technologies most people will scorn it at first. Then they eventually jump on board. How many people understand airplanes at first? Or the telephone, or the internet? Bitcoin is a very young protocol so of course it'll be misunderstood by many, but thankfully, many are beginning to understand how it can change human existence.
LOL, this was a hilarious post OP. Only thing missing was using the term "shitcoin"
If you are looking at presale (where you can make huge profits) then do Wall Street Pepe
As for long term gains, I'm hearing XRP will be the biggest long term potential. This is the one I'm personally putting the most in.
However, if you want a safe option that will still net you 70%-100% gains over the next 5 years, then go BitCoin and DogeCoin.
Thanks!
The future of crypto is in utility based blockchains that have a purpose in the wider market. Blockchains are a form of data storage, transference, and public record keeping. To understand the future of finance and the future of blockchain, one must also understand the inherent value of data as a commodity.
I will say this much. 99% of the crypto market as we know it today will not exist in 10 years. There is a great cataclysm coming for cryptocurrency that will take the form of tokenized assets and the utility chains they will run through. If you want to get ahead of the curve and invest in blockchain technology, seek out those projects with actual use cases in the wider market and the future of finance.
I won't tell any Anons what to invest in specifically. I fundamentally believe that everyone should do their own due diligence when it comes to financial investments. What I will say is that in your research you should be searching for such terms as data sovereignty, tokenization, decentralized exchanges (DEX), and Real World Assets (RWA).
warning: long read, but take it in and use it to your advantage:
There are a couple of issues when considering BTC:
Redtoe Rule Number 14 made me smile. Leverage must be what the Trump team means by a BTC stockpile. If they leverage the BTC stockpile to pay off the US debt to the Central Bank, we will be free at last. Thus eliminating the FED and need for 3rd party banks.
Point number 16 packs a lot of things to digest.
Thank you for thanking the time to post.
Bitcoin is a derivative of the dollar, which is a derivative of gold. When the dollar collapses in hyperinflation, any value Bitcoin has will collapse back into gold which it derived its value from in the first place. So I would suggest not buying derivatives of gold, imagining they are money. Instead I would be buying the commodity Bitcoin derived its value from in the first place. But that’s just me.
Also, when you buy Bitcoin, that money ultimately is being used to buy US Treasuries, so it’s financing the US debt. They love it if you buy Bitcoin, and manipulate gold and silver prices to ridiculously low levels to stop you from wanting to buy that.
This is absolutely not correct.
That’s both assuming things, and missing what was said.
I’m not even gonna go past that, even without making an argument. Four other wrong points + your assumptive one from two handshake accounts.
No
Look into the ISO 20022 protocols. Only a handful of cryptos meet the ISO standard. Those will probably be the ones that survive the coming crypto legislation. fwiw, Bitcoin is not ISO-compliant... it probably fades in importance over the coming years.
...don't think Michael Saylor is too concerned with ISO compliance
No but he’s worried about his taxes now.
My position. Not financial advice:
Stay AWAY from "Alt Coins"... they're BS. Only look into Crypto currencies that have been established and carry a relatively stable price. If you are betting on Crypto in the context of Trump? "Made in America" coins are a good start:
https://coinmarketcap.com/view/made-in-america/
The #1 US Based coin is my personal favorite. XRP. Why? Because unlike other coins - it's got a massive use case for ACTUAL UTILITY. As it could* be used as a large financial vehicle in the future to move around large sums of money - requiring all major economic powers to hold enough at any given time for making this kind of instant liquidity possible.
BTC? Missed the boat IMHO. Could it go to $1mm? Yeah... maybe? So, you could 10x. More than a $1mm? Maybe? Who knows? But if this happens it's purely a function of supply/demand of an imaginary coin that carries very little inherent or functional value. It's currently acting only as a limiting factor for all other coins, very few of which actually contain real world value outside of the simple supply and demand.
My recommendation is to find your favorite coin, something you are willing to hold and put 50% into this. Then your 2nd favorite = 25%. Then 15%. 10%. 7.5.... etc. Make a diversified "pyramid" of your crypto beginning with your prediction on what will grow the most vs. your planned time to hold.
Then, as you get it right and play the long game, you can extract profits into $USDC Stable coin and use this to acquire new coins/bolster your lower tiered positions on dips ahead of rips, etc.
Watch the news. Find trusted sources that you like. Avoid pump n dumps. Shitcoins and nonsense like "Moonshot"...
If you're doing it to get rich quick... IMHO you would be better off doing your homework and buying a high volume of a legitimate coin that could surge vs. throwing a stack of cash at an overnight success that comes crashing down 48 hours later.
Personally I just focus on Bitcoin (outside GME and AMC of course). It's arguably the only asset class that cannot be inflated. Any other cryptocurrencies aren't worth it long term. If you do short term plays, I'd try to do BTC pairs because USD is going out the window, and Bitcoin will eventually replace the dollar.
No. AMC and a bunch of other stocks are just as victims of market fraud and manipulation.
Hedera Hashgraph [HBAR]: The only blockchain capable of NOT bottlenecking under extreme traffic. Future-proof & infinitely scalable, so it could handle the traffic between an overpopulated Earth + Moon + Mars + Titan + Galaxy, etc.. The transaction fees will always remain low and predictable, less than a penny. It’s open source and transparent, plus it’s backed by some of the world’s largest corporations. There are others who’ve copied the Hashgraph tech and added their own spin to it, but Hedera Hashgraph is the original.
Jasmy [Jasmy]: Japan’s Bitcoin, it will be on every smart device you can imagine, for any and all users who want complete control over their very personal information. Think of it as Japan’s My Number Card, because it is, but it’s about to go global, and you’ll be able to market your information If the creators of JASMY were to launch on Hedera Hashgraph, it would become future-proof and go intergalactic, but I don’t know whether they’ve considered this or not. The problem is, Jasmy is built on Etherium, a slow and expensive tech, so it will not hold up under pressure, but they’ve created and launched the Janction Blockchain, to try and escape from Etherium’s limitations, but — at this time — I’m unknowing of its progress.
Algorand [ALGO]: Future-proof, fast, low fees, can’t be hacked, so it just has staying power. The guy who created it is an absolute math wizard, a genius, so he made it immortal. I just expect Algo to keep growing, slowly but surely.
That will eventually be tokenized too.
Seriously. It’s actually quite ridiculous
I rode the wave through the ups and downs. I bought it at 6k and when it ran up to 24 and collapsed I was upset lol. Then it did it again and I said not this time Mr bitcoin ! I sold it and waited for the drop back to 12......it ran up to 69k then 100k I no longer have bitcoin but I did make money. I tell people about all the money I made but the wife butts in to remind me I sold too early
Like Garlinghouse said: Bitcoin is like Napster, XRP is like Spotify.
XRP has more utility, is not centralized and will replace currencies & make central banks useless. Very few transact in Bitcoin, which takes an hour to process w/ high fees. You’ll be buying your coffee with XRP, in seconds, with little to no cost.
You’ll be able to spend your XRP, you will not have to convert it to dollars like other crypto.
Stick with Bitcoin. Most other tokens require a great deal of attention to their specific block chain ecosystem, including defi and cefi platforms, wallets, staking, and swaps. Add into that tax liability exposures. Very few alt coins are buy and hold assets. Bitcoin does the heavy lifting for you. Establish an account on Strike and dollar cost regularly. Start by buying $10 a day. Keep it up for 5 years and you'll be way ahead of the game until you get more familiar with crypto.
Thanks to all who responded. I don’t need investment advice outside of “WTF is crypto?”
The language you all use is bigger nonsense that stock market “economy” speak.
Mining? Storage? Blocks?
You can’t just buy crypto like you do stocks or precious metals and hold it somewhere? I have to go look for it? On what, the internet? The whole thing seems really retarded.
Why can’t I just buy crypto and hold it?
Can someone explain this in non-technical terms?
Go to River financial, open an account and buy some Bitcoin. It can safely stay in your River account. Period done. It's as easy as that.
Ps you can continue to add to your account or cash out at anytime. That's as simple as it gets. Plus River has a customer service team you can actually talk to if you have questions. Super easy way to start investing.
Research XRP. It has a great use case and continues to be adopted for instant transfer of money. Replacing the swift system.
Look into the story of the Bitcoin Cash fork and the scaling debate. Sometimes Bitcoin's transaction fees are $10+ for months at a time making it unusable as a currency.
Blockstream has a major influence on Bitcoin's code development and they are funded by Digital currency group, which is funded by MasterCard.
When looking for which Crypto might best fit the role of sound money, look for the following:
Is there a finite supply of tokens? For example Bitcoin is still being mined but will eventually run out and reach a finite limit of 21 million coins so there will be no pesky inflation. Many coins do have an infinite supply.
Is it a pre-mine scam? How are new coins created, both currently and when it first started? For example Bitcoin and several cryptos are ethically minted and decentralized. Bitcoin had no pre-mine. It was open to the public from the very beginning so anyone can mine it and participate in securing the network. Some other coins like Ripple, are centralized and created all the tokens at the start and kept 80% for themselves that they sell into the market.
Who decided to give Ripple Laps 80% of the total supply at the start?
You have some good points, I guess Monero is the only major crypto attempting to do anonymous payments. But if you keep cash, we will forever have to live with corrupt central banks because someone has to be in charge of issuing it, and in the modern world, most payments are online anyway so it may as well be done in crypto instead of digital cash.
Personally, I am willing to sacrifice anonymity if it stops endless inflation so we can all be more prosperous. We can have fiat that barely fits any of the criteria for money, or we can have crypto that fits all of it except privacy.
But there are some solutions like decentralized bitcoin mixers that work very well. And even if you pay in cash in the supermarket, they still have you on video and can see what you bought.
Coin Types
Coin Seasons or Cycles
My Picks
Exit Strategy
Security
A friend of mine got me into Pi as a Pioneer. Simply helped them test their network & got Pi credits as a result. Found out that a few weeks ago those tests I ran is now worth a few hundred. His tests & by getting dozens of friends like me involved got him over 1k USD in value IF he exchanged it on the market from his wallet.
I am no expert & my understanding is likely not accurate. That said, essentially crypto currency is a volatile market & tokens (pieces of tradable medium from work on various blockchains) can be stored in your personal wallet that can only be accessed with a secure password, usually a multiple word phrase. If you lose this Passphrase, you lose all access to those tokens in a truly secure blockchain & can never get them back until you remember/find your Passphrase (multiple phrase pass word).
Crypto can be, & likely is, used for trading things you don't want governments, or other individuals knowing about.
Crypto tokens (tradeable digital medium) are only worth what another person is willing to pay. So if some alphabet dirty agent needs to get funds over to a blackhat group, they may be willing to pay hundreds of times what the tokens are usually worth so they can get them traded fast. Same could be said about anyone who wants to try & launder funds.
Really the best part about crypto is the blockchain, where hundreds or thousands of CPUs (computer chips) all over the world can process
fatsfacts/data to verify no one has changed the data that is being sent.From a voting matching perspective. Imagine each vote is sent to 10 machines that anyone could join & allow to be processed on their own home computers. The process are sent out on a first availability , first sent protocol. Those 10 machines all verify that the vote is the same. If at any time the vote seems modified at all, then all 10 machines fail & that vote need to be resent to 10 new machines until the vote data is the same.
This prevents fraud in a distributed way.
Now because your machine (CPU) helped verify accurate data, you get a token for the good data & as a way to show your machine did good, uncorrupted work.
Every block chain has a potential to have tradable tokens offered. Similar to every country having their own currency being offered for some value.
Investing in "Crypto" is more about supporting this distributed verification technology than it is about making money IMO.
edit: fats > facts/data (noted above).
Here for the sauce ✌️
I had around 15 Bitcoin I bought for $300 each and sold them back in 2017/2018 when it hit $6,000. I have regretted my decision ever sense. My problem is that I get scared and sell when I have good profits, then again I get scared and sell in the dips too. So, don't listen to me on when to buy and sell...
As far as which coin to buy? It's changing daily but I can tell you that the most safe crypto in my mind is Bitcoin.
U still did good. Like any commodity last to sell gets screwed.
Bitcoin is soaking up a lot of the inflation money. It is the oldest of the crypto things. They are based off solving math problems to 'create' coins, but also to secure the coins.
Given that Willow chip can decode just about anything in near real time; crypto wallets and all encrypted things are only a few years away from being cracked.
Crypto is basically like the USD dollar. A faith based thing. In the 1970's we switched from Gold backing the USD to petrol. We based the value of the dollar on the economy and stable growth.
Now you have one faith based thing supporting another.
When money is gone and society has crumbled, gold and silver can be melted into tools or other things. Paper money can be used to wipe your ass. And digital currency can be laughed at as a cute relic of the digital age.
Food and clean water are the universal currency
And ammunition! The "lead standard" :)
Interesting fact, gold can be used in place of lead in bullet manufacturing
Silver can purify water. Cure infections and kill parasites in colloidal form. Gold and silver can make bullets, eating utensils and teeth lol. Plus it can be traded for other stuff.
And silver for keeping evil spirits away ;)
Speaking of lead alternatives, Lehigh ammunition makes some excellent ammo from copper which has an amazing penetrative ability!
Lead if you want em dead, copper for the armor, silver for the vampires, and gold for the kvetchers? ;P
u/#kek
Werewolves, not vampires. Garlic or a wooden stake.😉
Kek!
GET OUTTA MY TEMPLE! You want some gold, HERE'S YOUR GOLD!
That may be but no excuse to keep missing out on the gains in the meantime, especially when you can turn those crypto gains into physical metals.
If nobody sells it the gains can't be realized.
soft ass tools
Lead is soft and it's the common metal for ammunition which is a component used in a self-defense tool known as a firearm.
touché
There is a fixed number of Bitcoin. I'm pretty sure all of the other cryptos allow for infinite supply. It's either Bitcoin or digital fiat.
Lol says the person posting absolutely no information. Smug and probably wrong. Name a top crypto that doesn't have infinite creation capabilities please.
FWIW, I started buying physical gold & silver a few years ago.
When I started buying, gold was around ~$1,600 - $1,800 per ounce. Its now pushing $2800.00
Silver was ~$20.00 per oz, now it's $30.
I chose gold & silver over crypto. I still might buy some crypto someday, but I sleep very soundly knowing I have real, physical gold & silver socked away.