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Getting started with cryptocurrencies

submitted by 0rion to Crypto 2.4 yearsDec 16, 2021 21:18:31 ago (+6/-0)     (Crypto)

I feel very dumb for asking this...but there is such an abundance of information out there and frankly it seems a bit overwhelming.

I am looking to get into crypto. I currently work a 9-5 job and find myself getting incredibly burnt out. With the crazy inflation we're seeing with the USD, it just feels like I'm getting poorer and poorer. From what I understand, cryptocurrency might be a way of "escaping" that cycle. For someone like me who has a very limited understanding of finance (I was raised by boomers who live and die by the 9-5 lifestyle), where would be a good place to get started?


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[ - ] deleted 0 points 2.2 yearsFeb 27, 2022 13:16:38 ago (+0/-0)

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[ - ] Empire_of_the_Mind 6 points 2.4 yearsDec 16, 2021 21:23:23 ago (+6/-0)

the simplest way to start is to open a Coinbase account and buy some bitcoin and/or ethereum.

there is a ton of uncertainty right now and it may be a fairly risky time to buy in.

[ - ] Hobama 0 points 2.4 yearsDec 17, 2021 00:00:55 ago (+0/-0)

What he said. Its very tricky right now as the markets are heavily manipulated. Technically we are in a downtrend for a few weeks so the prices are good, but its very possible the downtrend accelerates. Also coinbase will rape your anus with fees.

[ - ] yesiknow 3 points 2.4 yearsDec 16, 2021 22:19:06 ago (+3/-0)

Go on welfare and help break the system. Make your money off the books and use cash locally when you aren't taking crypto to bypass visa and mastercard.

[ - ] deleted 1 point 2.4 yearsDec 17, 2021 08:24:59 ago (+1/-0)

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[ - ] Cantaloupe 1 point 2.4 yearsDec 16, 2021 21:41:32 ago (+1/-0)*

Install the Bitcoin client then try bisq. Most other exchanges require your identity. So they can tax you for profits you don't actually have in cash.

That's the issue with Coinbase.

Monero may be good too.

It may be they want to fake a cyber attack around March.

We've already seen them cutoff people from banking, and taking accounts, as vax blackmail.

https://lulz.com/surviving-a-year-of-shtf-in-90s-bosnia-war-selco-forum-thread-6265/


Will they claim an attack on banking and shut it all down? What'll keep running? No gas etc.?

Will they ration access? In the Greek crises Bitcoin helped a lot.

[ - ] Version6 0 points 2.4 yearsDec 17, 2021 00:16:11 ago (+0/-0)

Is this what you are talking about? https://archive.md/GXK9k

[ - ] Cantaloupe 0 points 2.4 yearsDec 17, 2021 01:30:21 ago (+0/-0)

Yes. They have meetings, etc and then later it happens. Like covid. Some have said around March.

[ - ] Version6 0 points 2.4 yearsDec 17, 2021 08:54:33 ago (+0/-0)

Can you point me to more info? I havent seen anything about march, i'm curious about why they think that.

[ - ] Cantaloupe 1 point 2.4 yearsDec 20, 2021 02:10:47 ago (+1/-0)*

https://t.me/robinmg/12763

The march date is hard to corroborate, one link above.

Something new about March

https://m.youtube.com/watch?v=ZZLw5HuF7q8

It's To do with the Fed, some say a severe market crash.



https://www.bitchute.com/video/wwFxAPYELG7t/

THE DUCHESS OF CORNWALL (CAMILLA PARKER BOWLES) THE WIFE OF PRINCE CHARLES, FUTURE KING OF ENGLAND). In one interview Dr. Rima Laibow described her as a person who always wears a tiara. Camilla Parker Bowles loves to wear tiara's

[ - ] FinsterBaby 0 points 2.4 yearsDec 17, 2021 11:58:11 ago (+0/-0)

I have an expansive crypto portfolio and have been in the market for about 8 years. As others have mentioned, the easiest way is to set up a coinbase account. No matter what, buy Bitcoin and Ethereum. Even a few dollars a week. Those are the standards which will never go away. In fact, the whole metaverse boom is being built on the Ethereum blockchain -- so that will be huge. As time goes on you can get into "alt" and "meme" coins. I would join some crypto social media groups to keep on top of trends. And no matter what, look it as a long term investment. Looking at market prices each day will drive you crazy. Buy it and sit on it for a rainy day or retirement. Good luck.

[ - ] thebearfromstartrack4 0 points 2.4 yearsDec 17, 2021 00:56:53 ago (+0/-0)

Stick your dick in a light socket first. If you're a girl, stick a fork in one then sit on it.

[ - ] Prairie 0 points 2.4 yearsDec 17, 2021 00:36:50 ago (+1/-1)

Cryptos are gambling.

[ - ] FinsterBaby 1 point 2.4 yearsDec 17, 2021 11:52:57 ago (+1/-0)

Sorry you are poor :(

[ - ] Prairie 0 points 2.4 yearsDec 17, 2021 16:04:23 ago (+0/-0)

I have the real thing.

[ - ] Cantaloupe 0 points 2.4 yearsDec 20, 2021 02:26:32 ago (+0/-0)

Just a small amount over time. Money is all bullshit, people decide it has worth.

It is independence from banking, just don't go to heavy into it. silver is fine too.

[ - ] Prairie 0 points 2.4 yearsDec 21, 2021 00:32:52 ago (+0/-0)

I agree there. Gamble a little, because this one has won some people an amazing amount of money (not me, though).

[ - ] NeoNazirite 0 points 2.4 yearsDec 16, 2021 23:33:14 ago (+0/-0)

Crypto.com app is pretty simple. It has fees like Coinbase, it just hides them and doesn't call them fees. I use it for the free Spotify.

It'll get your feet wet while you learn about other ways to buy, store, and sell.

[ - ] account deleted by user 0 points 2.4 yearsDec 16, 2021 21:27:18 ago (+1/-1)

account deleted by user