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re: Newbie on crypto
Posted on 5/27/22 at 8:43 am to Perception
Posted on 5/27/22 at 8:43 am to Perception
Good to see someone actually ask questions rather than blindly jump into something like crypto.
Avoid the hype and do your homework
I would suggest gaining an understanding of currencies in general.
Why do they trade the way they do? Why are some very volatile?
Why are some stable?
Gain and understanding of the technology.
Understand value. What is the real value versus the market trade value? How does one measure that?
How many coins are minted?
Which coins are most widely used?
What are they used for?
Ask questions
Avoid the hype and do your homework
I would suggest gaining an understanding of currencies in general.
Why do they trade the way they do? Why are some very volatile?
Why are some stable?
Gain and understanding of the technology.
Understand value. What is the real value versus the market trade value? How does one measure that?
How many coins are minted?
Which coins are most widely used?
What are they used for?
Ask questions
Posted on 5/27/22 at 10:52 am to SpeedyNacho
quote:frick no
I'd go with XRP
Posted on 5/27/22 at 11:55 am to KillTheGophers
quote:
Don’t purchase crypto unless you want to see your investment go to zero.
This is better advice than you realize.. Buy it, expect it to go to zero and when it goes down 20% you don't freak out.
The best thing you can do is buy BTC and ETH and forget it exists for 10 years.
This post was edited on 5/27/22 at 11:58 am

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