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Crypto is something that you hear a lot about lately, but I've never gotten a grasp on what it is or how buy it and use it. Is there a good non-jewed video I could watch or something I could read that explains it and shows you how to get into it? I've tried to watch a few videos but they're all over the place. There's a ton of foreign concepts to me like wallets, block chain, etc.

Crypto is something that you hear a lot about lately, but I've never gotten a grasp on what it is or how buy it and use it. Is there a good non-jewed video I could watch or something I could read that explains it and shows you how to get into it? I've tried to watch a few videos but they're all over the place. There's a ton of foreign concepts to me like wallets, block chain, etc.

(post is archived)

[–] 2 pts

Just a hobby. For fun or knowledge. Maybe to make a few bucks here and there. To have actual currency rather than the US dollar. To have another, more anonymous option when buying things online.

Theres no singular reason.

[–] 1 pt

You might want to consider investing in silver. It's not crypto, but it's been money, longer.

[–] 1 pt

I have some, always getting a little bit more though. I like getting those silver ounces because they'll be easier to trade with when the dollar goes. Its definitely great to have a decent amount stashed back for the future.

[–] 0 pt (edited )

Sounds like you have the right idea then. Just don't go off the deep end and think you've found the ticket to "getting rich fast". Blockchain technology is incredibly awesome -- like http protocol -- and crypto "currencies" are very interesting too. But currency is inseperable from society and the state; crypto "currencies" have no intrinsic value while consuming real energy and resources, and are still tied to fiat for their valuations (their price is denominated in USD, EUR, yen, etc.). People who get crypto only want to sell it to someone else for more fiat.

Money, finance, banking, and the history of fiat currency are all complex but very worthwhile topics to study.

[–] 1 pt

Just don't go off the deep end and think you've found the ticket to "getting rich fast".

People think that Bitcoin has created all this value. It's just people being the bigger fool, paying more than the last guy. The early people that cashed out won, at the expense of all the people who bought more recently. Buying Bitcoin doesn't pay some company that's investing it, it's just trading tulips.

[–] 1 pt

This is absurd. Every stock ever and really ANYTHING is about the greater fool theory then. Literally anything you buy and think will go up in value in the future is the same damn way.

GTFO of here KIKE with your kike fiat you create at will and give to your buddies.