Posted on 06/06/2021 12:16:50 PM PDT by Robert DeLong
Thanks for pointing that out. I did miss that. 8>)
That is sound advice. Can you provide some resources to do that?
It shows 200 per screen. I saw 4800 before I gave up hitting the load more button.
Because this “space” is the Wild West that is more difficult to do than with stocks.
But, the web is full of resources. I would start with understanding the top two: Bitcoin/ETH. Learn the difference between POW and POS. Understand the scarcity components of each. Learn about smart contracts. Learn which ones were created as a joke (If it has “dog” in the name…it’s probably a joke.)
Learn how you have to buy them. It’s not always easy.
There are too many to research. So, I would stick to the market leaders for their type. But, the top ten or so are probably not going up 3,000% next week. So…there is a trade off.
And just a tweet from Musk can cause huge hits to their perceived value and increase a porn coin called “cumrocket” to go up 1000 percent.
A few things. Some of the cryptocurrencies such as Dogecoin have an unlimited possible number of coins that could exist.
Some such as Bitcoin have a specifically limited number of coins that may ever exist.
There are currently about 2500 cryptocurrencies.
Some called “shitcoins” (eg Dogecoin) are utterly worthless and are not tied to anything.
Some are linked to various bits of Blockchain that might prove quite useful in the future.
Investing 1-2% of your portfolio in crypto currencies is probably a sound investment strategy. You may lose everything in which case its just 1-2% of your portfolio. On the other hand there is a real chance of assymetric returns as did happen in the first and the second crypto booms in 2017 and the early part of this year.
Since it is impossible to know which specific crypto currencies will prove valuable in the future - though it is possible to know which are worthless now - it makes sense to buy a basket of different coins.
BKMK
I'm holding AMC and GME to crash the hedge funds.
I check CMC probably 3 times a day.
https://www.youtube.com/c/Bitcoinwithpaypal/playlists
This guy’s a good teacher and the videos aren’t an hour long. Very digestible.
You see that in the world of International Finance, we pretty much use the American Dollar with the Euro as the backup. So it’s clear that bitcoin is the winner. There may be room for one more. Who will that be? Dogecoin?
I’ll trade you one BipolarBobalinski for one Milt OR you can buy one outright for $100,000.
My Lehman Bros. bank stock is birdcage liner.
this is a COMMIE-RAT station out of the City of Evil
They are just puppets doing what the banks want them to do.
Bitcoin carbon footprint is not even a grain of sand on Miami Beach compared to the current banking system.
After all it’s based on the number of computers used. There are far more computers in the current banking system than Bitcoin. It’s not even in the same universe.
100%
Thanks. 8>)
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