☰
×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules Donate
6

Getting started with cryptocurrencies

submitted by 0rion to Crypto 3.4 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?


14 comments block

sort by: hot new top old low

[ - ] Empire_of_the_Mind 6 points 3.4 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 3.4 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 3.4 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 3.4 yearsDec 16, 2021 21:41:32 ago (+1/-0)*

deleted

[ - ] Version6 0 points 3.4 yearsDec 17, 2021 00:16:11 ago (+0/-0)

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

[ - ] deleted 0 points 3.4 yearsDec 17, 2021 01:30:21 ago (+0/-0)

deleted

[ - ] Version6 0 points 3.4 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.

[ - ] deleted 1 point 3.4 yearsDec 20, 2021 02:10:47 ago (+1/-0)*

deleted

[ - ] account deleted by user 0 points 3.4 yearsDec 16, 2021 21:27:18 ago (+1/-1)

account deleted by user

[ - ] NeoNazirite 0 points 3.4 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.

[ - ] Prairie 0 points 3.4 yearsDec 17, 2021 00:36:50 ago (+1/-1)

Cryptos are gambling.

[ - ] FinsterBaby 1 point 3.4 yearsDec 17, 2021 11:52:57 ago (+1/-0)

Sorry you are poor :(

[ - ] Prairie 0 points 3.4 yearsDec 17, 2021 16:04:23 ago (+0/-0)

I have the real thing.

[ - ] deleted 0 points 3.4 yearsDec 20, 2021 02:26:32 ago (+0/-0)

deleted

[ - ] Prairie 0 points 3.4 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).

[ - ] thebearfromstartrack4 0 points 3.4 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.

[ - ] FinsterBaby 0 points 3.4 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.