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re: Newbie on crypto

Posted on 5/27/22 at 8:43 am to
Posted by SlidellCajun
Slidell la
Member since May 2019
17195 posts
Posted on 5/27/22 at 8:43 am to
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



Posted by SpeedyNacho
Member since May 2014
2579 posts
Posted on 5/27/22 at 9:45 am to
I'd go with XRP
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82367 posts
Posted on 5/27/22 at 10:52 am to
quote:

I'd go with XRP
frick no
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/27/22 at 11:55 am to
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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