Is it truly simple to get into cryptocurrency? I'm retarded so I'm broke and have a minimum wage job. I need money but is crypto something I can be successful with even if I'm dumb?
Is it truly simple to get into cryptocurrency? I'm retarded so I'm broke and have a minimum wage job...
Elijah Kelly
Asher Long
You would honestly make more money leaving your cash with me
Kevin Garcia
Btc $25000
Doge $.68 when i told people to buy last
$1000 is a millionth of doge
Noah Mitchell
wouldnt suggest investing on cryptos rn
a year ago it was profitable, but not rn
to be fair its a mix of knowledge and luck, but its like 80% luck considering elon musk can tweet about your crypto then make it go 50% up or down
Chase Perez
Literally did not want to listen to her, i knew about the vibe aswell, was that wing
Ryder Roberts
Anything can happen but you're most likely going to get fucked. Crypto is full of con artists and the way Crypto functions means that for every 1 person who makes it, 100 will fail, it's like a pyramid scheme. Invest in stocks and index funds if you want actual returns with less volatility.
Jackson Brooks
You should buy an altcoin of your choice right now in the bear market.
If Bitcoin goes back to $60k you will make a 10X easily.
If not you will lose your money.
It's the best asymmetrical bet at the moment
Alexander Watson
>even if I'm dumb?
If you aren't really going to put the time in on Any Forums and r/wallstreetbets to understand how shit works then no. If you're dumb you probably have higher odds of making money playing video poker at an Indian Casino.
Owen Cox
Do I need to remind everyone of their net capital loses?
Benjamin Young
crypto market is oversaturated now. It's over. you might get lucky and get a 10x on something in a couple of years but the idea that you're going to turn $1000 into a million is over.
Adrian Phillips
Just buy bitcoin, especially now while it's cheap. Everything else in the crpto space is safe to ignore.
Daniel Garcia
Not really its too late for btc and eth
Christian Gonzalez
b-b-but its the future of currency
it's decentralized and the gubermint cant print any
its going to 1 million a coin!
Bentley Morris
>cheap
You fucking idiot. You moron. How is something with no price floor and no intrinsic value cheap at any price? The government could regulate it out of existence tomorrow and you'd just have bags left to hold. There is zero industrial demand for bitcoin, it's backed up by nothing.
Joshua Adams
I suppose you think ancient people valued gold for its conductivity.
Protip: industrial demand is not a good thing for commodity money.
Ayden Hughes
This only works if you are chinese
Lucas Lopez
>I suppose you think ancient people valued gold for its conductivity
Ancient money was valued for being rare, hard to counterfeit, etc. Modern money is valued because it's backed by the issuing government. Bitcoin has no backing. You're even dumber than I thought if you actually think that BTCs are going to be widely considered as money at any point in time.
>industrial demand is not a good thing for commodity money
Neither is deflation.
Daniel King
>Ancient money was valued for being rare, hard to counterfeit, etc.
Gold has certain qualities that make it good at being money.
>Modern money is valued because it's backed by the issuing government.
How does being backed by the government ensure the value of the Argentine peso?
>Neither is deflation.
The purpose of money is to represent value. Why would you want to hold a money that's designed to lose value?
Dylan Barnes
>Argentine peso
Government sucks -> currency worthless
>Why would you want to hold a money that's designed to lose value?
>hold
>money
Money is to facilitate trade. You don't hold money, retard. The is the problem with you BTC idiots. You don't understand that the purpose of money is not to retain value, the purpose of money is facilitate trade. Deflationary money encourages people to STOP trading and just hold the currency. Gold backed currency was a fucking nightmare and caused a horrific boom-bust cycle for the entire time it was being used.
Eli Foster
>You don't hold money, retard.
>Deflationary money encourages people to STOP trading and just hold the currency.
Anyway, why would someone choose to hold money rather than spend it?
>Gold backed currency was a fucking nightmare and caused a horrific boom-bust cycle for the entire time it was being used.
Gold has been used for thousands and thousands of years, and do you actually think fiat has a good historical track record?
Adam Reyes
>Anyway, why would someone choose to hold money rather than spend it?
>spend
Is the only thing you can do with money spend it? Think it over, take your time. What happens when people stop doing the thing that isn't spending? What does the economy look like when that happens?
>Gold has been used for thousands and thousands of years, and do you actually think fiat has a good historical track record?
Considering the economy is significantly smoother now, yes. The boom bust cycle doesn't exist in the same way that it used to. Things like the Great Depression used to be common. The fact that 08 was seen as so apocalyptic is really a testament to the value of getting off of gold, we just don't get the kind of crashes that we used to get anymore.
Jordan Martin
Possibly, but especially given you're dumb, you're more likely to lose money than gain it. Or at least to not gain very much.
It's pretty easy to make money if you are a sociopath with no ethics or regard for the law and just scam/defraud others, but that's true of just about anything, of course. Easy to make money if you're a thief and don't care about the consequences. But of course, such people are massive shitbags who receive, and deserve, the condemnation of society, and the law (and perhaps more) will catch up with many of them despite it still being the Wild West right now.