I may be dumb, but I still don't get crypto. What is it's value based on other than what the market will pay for it at a given time? It seems as stable as the US dollar from my point of view; there's nothing truly backing either. On the other hand, something like gold and silver are at least backed by gold and silver.
Personally, I'm gonna start investing in used cars for the platinum and rhodium in their catalytic converters.
Basically there’s a digital notebook that everyone’s computer writes in keeping track of who owns which bitcoin, and the notebook only has space for 21 million lines of bitcoin.
The naive aspect of bitcoin is that the government can and would take the internet down if they wanted to; it’s not a doomsday currency, but it will probably make it a few days longer than FIAT.
Yeah no way to really do DD on crypto just need to learn some technical analysis for candlestick charts or conversely just keep buying every dip. Everytime bitcoin dips to 30k I buy a like 100$ of it.
Meh, stock market short term. Crypto here forever.
Just NEVER tell people how much you have... too many snitches looking for kudos from daddy government.
Until it's illegal...
I may be dumb, but I still don't get crypto. What is it's value based on other than what the market will pay for it at a given time? It seems as stable as the US dollar from my point of view; there's nothing truly backing either. On the other hand, something like gold and silver are at least backed by gold and silver.
Personally, I'm gonna start investing in used cars for the platinum and rhodium in their catalytic converters.
Basically there’s a digital notebook that everyone’s computer writes in keeping track of who owns which bitcoin, and the notebook only has space for 21 million lines of bitcoin.
The naive aspect of bitcoin is that the government can and would take the internet down if they wanted to; it’s not a doomsday currency, but it will probably make it a few days longer than FIAT.
Dove into Crypto and silver myself, crypto seems easier than stocks and feel more confident in it personally
Yeah no way to really do DD on crypto just need to learn some technical analysis for candlestick charts or conversely just keep buying every dip. Everytime bitcoin dips to 30k I buy a like 100$ of it.
281-330-8004