It might be too late to get dnt now. Everything is on the way up rn so Id wait to buy anything. Keep an eye on DNT and XLM. Next time they drop, buy a ton.
Bro there is no right or wrong answers. Bitcoin is the big dog. Buy some. The alt coins are more fun because they are cheaper and we can still afford whole coins. If they shoot up you could hit the jackpot. But most of them are shit, some have good real world uses, some just sit there and do nothing. We are all just guessing. There is research you can do, videos to watch, projects to research etc. If you don’t want to do that just stick to the top 5 coins and hole for the best.
Bro there is no right or wrong answers. Bitcoin is the big dog. Buy some. The alt coins are more fun because they are cheaper and we can still afford whole coins. If they shoot up you could hit the jackpot. But most of them are shit, some have good real world uses, some just sit there and do nothing. We are all just guessing. There is research you can do, videos to watch, projects to research etc. If you don’t want to do that just stick to the top 5 coins and hole for the best.
But yeah. I wouldn’t necessarily just be in it to time a big buy all at once. Your best bet is to just invest some amount of money. 5/10/20/50 bucks a week into bitcoin for a while. Just whatever little bit extra you can afford.
A lot of DNM's don't even take Bitcoin anymore. I used to have to go to a bank and deposit thousands of dollars into some stranger's bank account to get Bitcoin for drugs.
Are these coins still considered currencies? Or is it moreso like a "stock" investment in the block chains?
Depends on the coin. Some focus on being a currency. It can take up to 15 minutes to confirm a bitcoin transaction, so some of these coins have got it down to like 10 seconds. The coin we've been talking about lately, XRP, was the unofficial crypto of big banks.
But some, like Ethereum, is all about block chain.
Yeah I know. Didn't even cross my mind to hold onto Bitcoin til like 2017. But even then I would just let it pump and spend it a couple months later when it hit a new all time high. It was so new at the time and no one really knew what it was gonna do. It could go to 0 or 10k over night. Then I learned about the 'halving' that happens every 4 years. I know I posted this chart a couple days ago but this is the year after the last halving:
Well Bitcoin just "halved" (halfed?) In 2020. 2021 is the year after the halving. I believe we will see new all time highs for Bitcoin this year and I think a lot of these other cryptos are gonna ride the coattails. This is our fuckin year.
It is gonna crash eventually. Really really hard. Can't get too greedy. You're never gonna know the perfect time to sell. But right now, I think it's pretty safe easy money.
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But some, like Ethereum, is all about block chain.
So why does it have value now?
Yeah I know. Didn't even cross my mind to hold onto Bitcoin til like 2017. But even then I would just let it pump and spend it a couple months later when it hit a new all time high. It was so new at the time and no one really knew what it was gonna do. It could go to 0 or 10k over night. Then I learned about the 'halving' that happens every 4 years. I know I posted this chart a couple days ago but this is the year after the last halving:
Well Bitcoin just "halved" (halfed?) In 2020. 2021 is the year after the halving. I believe we will see new all time highs for Bitcoin this year and I think a lot of these other cryptos are gonna ride the coattails. This is our fuckin year.