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Cryptocurrency mega-thread

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That’s so cool. Waited to be 50k per coin...

Could be anyone of you purchasing coins today and holding 7 years.

 

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They would tell Musk that they are going to bring in regulatory rules making it illegal to trade USD for cryptocurrency, he would sell all of his, then they would shut the door on the market.

No black market has trillions of dollars float.

I'm trying to be convinced it's secure here because I'm truly on board, but I'm the person in the group who plans for when it hits the fan
It's a high risk/high reward investment that fluctuates heavily based on small things like an Elon tweet.

The bottom is always zero. China regulations caused big price fluctuations in cryptos during the last bull run. If the US were to make bitcoin illegal, you'd lose a large part of your investment.
 

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Crypto advice for an absolute beginner?

I’ve focused on saving for a house for the last 5 years, now that I have that I’m turning my attention to making the rest of my money work for me. I have money in ETFs for the passive income, so feel like I can diversify into crypto.

Is the altcoin game just about luck and guessing? I think I’ll avoid it because I don’t love it enough to do the hard work. I’m just interested in how people choose what to invest in.

Is there any point in waiting to see if Bitcoin drops or do you just buy now, accept any potential losses in the short term with the view it’ll keep climbing long term anyway?

And no, I’m not getting all my financial advice from BigFooty. :D
 

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Crypto advice for an absolute beginner?

I’ve focused on saving for a house for the last 5 years, now that I have that I’m turning my attention to making the rest of my money work for me. I have money in ETFs for the passive income, so feel like I can diversify into crypto.

Is the altcoin game just about luck and guessing? I think I’ll avoid it because I don’t love it enough to do the hard work. I’m just interested in how people choose what to invest in.

Is there any point in waiting to see if Bitcoin drops or do you just buy now, accept any potential losses in the short term with the view it’ll keep climbing long term anyway?

And no, I’m not getting all my financial advice from BigFooty. :D
Just buy RFOX
 
Crypto advice for an absolute beginner?

I’ve focused on saving for a house for the last 5 years, now that I have that I’m turning my attention to making the rest of my money work for me. I have money in ETFs for the passive income, so feel like I can diversify into crypto.

Is the altcoin game just about luck and guessing? I think I’ll avoid it because I don’t love it enough to do the hard work. I’m just interested in how people choose what to invest in.

Is there any point in waiting to see if Bitcoin drops or do you just buy now, accept any potential losses in the short term with the view it’ll keep climbing long term anyway?

And no, I’m not getting all my financial advice from BigFooty. :D
You can earn a passive income in crypto via staking rewards. A crypto such as Zilliqa offer 15% APY, no bank is paying you that kind of interest.
 
Crypto advice for an absolute beginner?

I’ve focused on saving for a house for the last 5 years, now that I have that I’m turning my attention to making the rest of my money work for me. I have money in ETFs for the passive income, so feel like I can diversify into crypto.

Is the altcoin game just about luck and guessing? I think I’ll avoid it because I don’t love it enough to do the hard work. I’m just interested in how people choose what to invest in.

Is there any point in waiting to see if Bitcoin drops or do you just buy now, accept any potential losses in the short term with the view it’ll keep climbing long term anyway?

And no, I’m not getting all my financial advice from BigFooty. :D

Never sell anything for less than you paid.
 

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