Crypto

Mike W

Mike W

Infidel
Location
North Florida
Started to dabble in crypto a few months ago but honestly, I’m having a hard time wrapping my head around it and understanding it. Any good informative sites out there that breaks it down “Barney Style” so a guy like myself can understand it?

My brother follows a couple crypto wiz kids but honestly I don’t trust them.
 
Josh Watson

Josh Watson

Location
Florida
Hey Mike! I also just started getting into the stock market and crypto. It’s hard to rap your head around it, I just turned 20 and think if you can find a system that works you can make money doing it! I just also got my dad set up and trying to get him where he can retire… he’s 50 with no retirement but makes alot of money so I’ve been putting him in more risky stocks since he doesn’t have a bunch of time.

Crypto seems off and on. I got him some bitcoin at 39,000 and it jumped to 47,000 the next week. Now it’s down to 40,000. It seems so hot or miss.

My biggest advice in both the crypto and stock is to keep up on company’s and big names…. Elon musk is a big one.

I just bought a good amount of GGPI. Which is a stock that is supposed to merge with this company called polestar. They are a Electric vehicle company just like Tesla. They just sold a contract to Hertz for 65,000 vehicles. Polestar isn’t public to the stock market until they merge with GGPI which will happen in the next company months. Some sources say they can see a 91% increase in the stocks value if all pays out and the merge goes successfully. Might be something to look into.

I have been doing some research on option trading but that’s a whole nothing headache.

Hope you can find some sort of useful info from this. Btw I’m not a financial advisor just a young kid that likes to do research and loves making money
 
kevbo

kevbo

Location
dfw
Crypto is all speculation so learning technical analysis is probably the best way to trade it. Remember that it takes a while to develop yourself into a consistently profitable trader! Almost everyone that tries will blow their account very quickly.
 
McDog

McDog

Other Administrator
Staff member
Location
South Florida
www.coinbureau.com

The Coin Bureau - Your Crypto Gateway

Enter the cryptoverse and enjoy all the FREE content, videos, newsletters and everything The Coin Bureau has to offer.
www.coinbureau.com www.coinbureau.com

Start by watching his videos on anything you might possibly be interested in. He is the most repectable and best source of crypto information for those looking to learn.
 
Big Kahuna

Big Kahuna

Administrator
Location
Tuscaloosa, AL
RyanmPooleq said:
Also, try to follow up on the incoming cryptocurrency laws in big countries like the US. For example, last year, BTC prices fell down because of the crypto regulation act signed in the US. So if you are aware of it, you will be able to plan your actions accordingly. Besides trading, I would suggest you try crypto mining since today exist, many online platforms allow people to start mining without specific software. For example, you can visit this platform moonbitcoins.com.
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That is cool, What ski do you ride?
 
Vumad

Vumad

Super Hero, with a cape!
Location
St. Pete, FL
I'm not an investor. It's too much like gambling. My risk tolerance is very low. I've missed out on a lot of opportunities because of this. My thoughts here probably are worth as much as the stocks I didn't buy.

Crypto is money. It's like buying Yen with USD. Money is like a stock. Buying Yen is like investing in China. But what is Bitcoin? What are you investing in?

Crypto only has value because people are trading it. It's only logical value, is that unlike USD, people can't just print more on a whim causing inflation. Beyond that, it has no asset to back it up. USD might have sold the gold, but we have a military, land, product, etc. Something backs the USD. Nothing backs BitCoin.

Stock values are based on their PE ratio. Well, fundamentally they are anyway. Currency is based on GDP, fundamentally anyway. What is crypto value based on?

Mike W said:
Started to dabble in crypto a few months ago but honestly, I’m having a hard time wrapping my head around it and understanding it. Any good informative sites out there that breaks it down “Barney Style” so a guy like myself can understand it?

My brother follows a couple crypto wiz kids but honestly I don’t trust them.
Click to expand...

Your question is the answer to Crypto. Crypto has no inherent value. It's a bunch of speculation of people buying it because they think that someone will buy it from them for more money.

Tesla has value because it makes cars, sells cars and makes money. Granted, when it's PE ratio peaked at 1:1,100, that means you'd have to own the stock for 1,100 years for the company to generate enough money in sales to justify the price you paid for the stock. (https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio). It makes no wonder why Tesla is crashing now.

The wiz kids make money because they pump and dump. They buy the crypto, the price goes up, they tell you to buy the crypto, the price goes up more, they sell the crypto, take your money, oh well, you just haven't learned the tricks yet.
 
Mike W

Mike W

Infidel
Location
North Florida
Vumad said:
I'm not an investor. It's too much like gambling. My risk tolerance is very low. I've missed out on a lot of opportunities because of this. My thoughts here probably are worth as much as the stocks I didn't buy.

Crypto is money. It's like buying Yen with USD. Money is like a stock. Buying Yen is like investing in China. But what is Bitcoin? What are you investing in?

Crypto only has value because people are trading it. It's only logical value, is that unlike USD, people can't just print more on a whim causing inflation. Beyond that, it has no asset to back it up. USD might have sold the gold, but we have a military, land, product, etc. Something backs the USD. Nothing backs BitCoin.

Stock values are based on their PE ratio. Well, fundamentally they are anyway. Currency is based on GDP, fundamentally anyway. What is crypto value based on?



Your question is the answer to Crypto. Crypto has no inherent value. It's a bunch of speculation of people buying it because they think that someone will buy it from them for more money.

Tesla has value because it makes cars, sells cars and makes money. Granted, when it's PE ratio peaked at 1:1,100, that means you'd have to own the stock for 1,100 years for the company to generate enough money in sales to justify the price you paid for the stock. (https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio). It makes no wonder why Tesla is crashing now.

The wiz kids make money because they pump and dump. They buy the crypto, the price goes up, they tell you to buy the crypto, the price goes up more, they sell the crypto, take your money, oh well, you just haven't learned the tricks yet.
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That’s what I figured out a few months ago after it happened to me a couple times. These crypto’whales’ do a video pumping up a certain crypto, we buy and then the value plummets. They made a ton of money though.

I invested a couple grand and it’s only worth 1/2 of that right now. It’s holding but as soon as it comes up some more I’m cashing out.
 
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McDog

McDog

Other Administrator
Staff member
Location
South Florida
Vumad said:
I'm not an investor. It's too much like gambling. My risk tolerance is very low. I've missed out on a lot of opportunities because of this. My thoughts here probably are worth as much as the stocks I didn't buy.

Crypto is money. It's like buying Yen with USD. Money is like a stock. Buying Yen is like investing in China. But what is Bitcoin? What are you investing in?

Crypto only has value because people are trading it. It's only logical value, is that unlike USD, people can't just print more on a whim causing inflation. Beyond that, it has no asset to back it up. USD might have sold the gold, but we have a military, land, product, etc. Something backs the USD. Nothing backs BitCoin.

Stock values are based on their PE ratio. Well, fundamentally they are anyway. Currency is based on GDP, fundamentally anyway. What is crypto value based on?



Your question is the answer to Crypto. Crypto has no inherent value. It's a bunch of speculation of people buying it because they think that someone will buy it from them for more money.

Tesla has value because it makes cars, sells cars and makes money. Granted, when it's PE ratio peaked at 1:1,100, that means you'd have to own the stock for 1,100 years for the company to generate enough money in sales to justify the price you paid for the stock. (https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio). It makes no wonder why Tesla is crashing now.

The wiz kids make money because they pump and dump. They buy the crypto, the price goes up, they tell you to buy the crypto, the price goes up more, they sell the crypto, take your money, oh well, you just haven't learned the tricks yet.
Click to expand...
The value comes from the trading and value of the projects that it is paired with for markets. There are tons of good companies and projects and people working in that space with real value who have their tokens pegged back to Bitcoin.
 
Myself

Myself

manic mechanic
Location
Twin Lakes AR
My father in law has made a few hundred thousand day trading penny stocks.....you HAVE to watch it a few times a day EVERY day. There are some sure bet stocks and ways to make quick cash. I've lost a bit in the last few years but I knew it was a gamble. I find it's much more fun to go to the casino and gamble instead!
 
xEliaX

xEliaX

Location
USA
It's great that you're interested in crypto! Understanding it can be challenging, but there are helpful resources out there. Check out websites like CoinMarketCap, CoinGecko, and Investopedia for beginner-friendly explanations.
 
xEliaX

xEliaX

Location
USA
xEliaX said:
It's great that you're interested in crypto! Understanding it can be challenging, but there are helpful resources out there. Check out websites like CoinMarketCap, CoinGecko, and Investopedia for beginner-friendly explanations.
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Also, you can learn a lot from free e-books about trading on earnforex.com. They break down crypto concepts simply, so you can grasp the basics. Good luck!
 
fastgtfairlane

fastgtfairlane

Location
Charlotte, NC
To me, crypto is just another way to get people away from using cash which is the end goal for the elites and their new world order. A completely cashless society and digital monetary system. Once the economy crashes and the dollar plummets, the answer they'll tell us will be a central bank digital currency. Everything currently being used as money including crypto will be transferred to the cbdcs. I'm sure the government will come up with stipulations in order to participate in their cbdc as well. Sounds good in theory, bit in reality, it's the worst thing we as a society could want. China is already on with this.
 
Quinc

Quinc

Buy a Superjet
Location
California
fastgtfairlane said:
To me, crypto is just another way to get people away from using cash which is the end goal for the elites and their new world order. A completely cashless society and digital monetary system. Once the economy crashes and the dollar plummets, the answer they'll tell us will be a central bank digital currency. Everything currently being used as money including crypto will be transferred to the cbdcs. I'm sure the government will come up with stipulations in order to participate in their cbdc as well. Sounds good in theory, bit in reality, it's the worst thing we as a society could want. China is already on with this.
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Be alot more bartering and trading once this happens.
 
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