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
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.