its too volatile and very risky, buy gold or invest in property, these crypto currencies put your lights out
its too volatile and very risky, buy gold or invest in property, these crypto currencies put your lights out
You can buy on an exchange like coinbase or crypto.com.
I personally use crypto.com because I really like their visa card.
The Bitcoin halvening is in around 70 days. People in the know in crypto are buying up as much as they can right now. The price is going to start increasing fast at some point in the next 12 months, and then you will hear about it on every news outlet. This is when the people in the know in crypto are selling, and the dumb money "retail money" will be buying.
Anyone who tells you that its backed by nothing or that its a ponzi know nothing about it. Buy now, hold until 2025, sell some in 2025.
Bitcoin will do ok. I think Ethereum and EVM chains will do better though, so I'm all in on those.
You can store your crypto on exchanges like Coinbase or crypto.com, but to be fully secure you should take custody in your own wallet. Exchange is convenient, self custody is more secure.
Last edited by tonythetimetraveller; 09-02-24 at 13:38.
Rachel Divine (09-02-24)
tonythetimetraveller (09-02-24)
The good news is that when Bitcoin goes up, most of all the shitty coins go up as well because of the way the market works.
It's more about timing than buying the right thing. The problem is people are afraid to buy now when prices are low, but when the price goes up, they will buy. Then they will be greedy and won't sell. It's all about timing and a battle with your emotions. Right now, everything in crypto is cheap, it won't be in 6 months time.
Rachel Divine (09-02-24)