I'm brand new to crypto. Tell me where to learn about it.

MrMuppet said:
crypto has value because it is not backed by a government body. if you don't understand that, you should not be in crypto at all
More...

My point is that I can't pay my mortgage in Crypto. I believe in the idea of crypto but we haven't got to the point that I want my entire bankroll in crypto form. I want to make dollars until crypto is universally accepted as payment by everyone.

That said, I'm looking to learn more about all of it. I might change my mind once I'm educated more.
 
Last edited:
The thing about crypto is that it is not main stream for sure. It is huge for people who are in it, but should it disappear tomorrow most of the world would not even care. The tech and idea is amazing, the manipulation there is insane. It is the only market in human history where real money represent like 25-30% and most trading is done in fake money, aka USDT. Without fake money we would never be at current levels.
 
long said:
My point is that I can't pay my mortgage in Crypto. I believe in the idea of crypto but we haven't got to the point that I want my entire bankroll in crypto form. I want to make dollars until crypto is universally accepted as payment by everyone.

That said, I'm looking to learn more about all of it. I might change my mind once I'm educated more.
More...
you can't make dollars in crypto as long as you don't understand the macro behind it. If you think you can just draw a couple of squiggly lines on a chart and you're set, then you'll have a hard time
 
long said:
My point is that I can't pay my mortgage in Crypto. I believe in the idea of crypto but we haven't got to the point that I want my entire bankroll in crypto form. I want to make dollars until crypto is universally accepted as payment by everyone.

That said, I'm looking to learn more about all of it. I might change my mind once I'm educated more.
More...
The best way to learn is just jump into any youtube video and get started with just one, and you will figure out the right path in a few weeks, assuming you spend about 10 hours a day watching all the videos YT pushed to you with 2X speed and no commercials (paid membership), if you are diligent in skipping ads, no need to pay.

Common sense will tell you which ones are shills and which ones are solid info.

The fun in crypto is endless learning new stuff, and for many, that is the most challenging part too.

There is no free lunch, I guess.

Even for those getting into Shibu etc early enough, they are tireless explorers of social media and who know how much they've lost in other memes. They deserve the moonshot gains, I think. There are always guys who put a lot into one lottery shot and hit the home run, but the odd is definitely much much higher than lottery. Statistically, that is the beauty of crypto moonshots: much much higher odd or winning and more reasonable X returns. Ride the waves while they are here. Do not fight the trend, and control greed.

Crypto did make a lot of millionairs.
 
Last edited:
Always remember crypto is a dead asset that doesen't pay interests nor dividends, so it is based on the "greater fool theory". In order to max profits - predict the herd or join the herd if you can't predict it. Also remember that the core of crypto is tether, the company behind tether might be involved in the Evergrande market (study Michael Burry for details) crunch which will unfold in the near time horizon. Start your research there before taking any action inside crypto.
 
One methodology which can be helpful is to simply work with a very small amount of crypto so that you can experiment with getting wallets setup, making some small transactions and funding exchange or brokerage accounts.

You want to develop some confidence in your withdrawal mechanisms and how your conventional bank handles deposits from exchanges etc.

I rather hate Coinbase but they will give you a little crypto for watching some educational videos upon signup which you can then consolidate or exchange and use to figure out how things work.
 
David's faith said:
Always remember crypto is a dead asset that doesen't pay interests nor dividends, so it is based on the "greater fool theory". In order to max profits - predict the herd or join the herd if you can't predict it. Also remember that the core of crypto is tether, the company behind tether might be involved in the Evergrande market (study Michael Burry for details) crunch which will unfold in the near time horizon. Start your research there before taking any action inside crypto.
More...


Please don't let tether stop you from participating in what is likely to be the greatest wealth transfer mechanism in history. Already bitcoin has annualized >150% returns for 12 freakin years, which is honestly mind-blowing. Thinking that is just going to stop in its tracks is pretty arrogant.

The thought that bitcoin is where it is bc of tether is lazy and misinformed.

Also just because something doesn't pay interest/dividend doesn't mean its a "greater fool thery" How about the many growth stocks that dont pay dividends? or gold for example?

I found this CFA primer great when I was learning about cyrpto/bitcoin, hope it helps

https://www.cfainstitute.org/en/research/foundation/2021/cryptoassets
 
David's faith said:
Always remember crypto is a dead asset that doesen't pay interests nor dividends, so it is based on the "greater fool theory". In order to max profits - predict the herd or join the herd if you can't predict it. Also remember that the core of crypto is tether, the company behind tether might be involved in the Evergrande market (study Michael Burry for details) crunch which will unfold in the near time horizon. Start your research there before taking any action inside crypto.
More...
Crypto does pay interest...BTC averages about 2-3%, margin lending is up to 100% and DeFi well into 4digits annualized depending on where you park it. I'd suggest you start your research^^
 
You must log in or register to reply here.
Back
Top