Cryptos?

Kit055

Junior member
10 1
I think yes. The cryptocurrency market is becoming more significant every day. As an example, we can consider its impact on the market of computer parts. The cryptocurrency has already created a crisis of video cards, SSDs, and in general on chips. It is impossible to deny its importance and power, so it's worth taking the chance to make money on it. Many of my friends invest small amounts in cryptocurrency, my brother became interested in trading with the help of https://cryptodroi.com/crypto-trading-for-beginners-ultimate-guide/. And people are attracted to the fact that even with small investments, you can earn money. I also want to invest in cryptocurrency.
 
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Happy2trade

Newbie
8 2
I have never traded these. I feel like they are too risky isnt it guys? Who knows whats gonna happen to them in future.
 

MasterOfCoin

Experienced member
1,228 478
I have never traded these. I feel like they are too risky isnt it guys? Who knows whats gonna happen to them in future.
Unless you understand that cryptos are, fundamentally, an alternative, decentralized, medium for the exchange of value between crypto account holders, then don't even think about trading them.

If you do understand this, then seriously take into consideration the vast amounts of speculation on their value that is being carried out on a massive scale by those who don't.

Once you have fully grasped both of these things, it would be wise to seek information on impending regulation and legislation in your own jurisdiction before embarking on trading in crypto.

As to the future, all that said, crypto is here to stay.

Unlike fake fiat currency, it can't be stolen, confiscated, blocked, devalued, taxed or frozen by corrupt governments or their central banks. (However much they'd like to or legislate for) It's completely decentralized. There is no bank.
= No Overall Control.

Anyone, yes, anyone at all, with internet access and the use of a cheap smartphone can use it.

No poncy KYC, AML or other ba**saching checks required. Just click, install and you're good to go.

Of course, there's no protection either, so if you get scammed or lose the lot, tough.

If you want to free the world, use crypto. If you want to get rich quick, well, there are probably better ways to try.

You takes your money and you makes your choices.

Good Luck.

:)
 

Happy2trade

Newbie
8 2
Unless you understand that cryptos are, fundamentally, an alternative, decentralized, medium for the exchange of value between crypto account holders, then don't even think about trading them.

If you do understand this, then seriously take into consideration the vast amounts of speculation on their value that is being carried out on a massive scale by those who don't.

Once you have fully grasped both of these things, it would be wise to seek information on impending regulation and legislation in your own jurisdiction before embarking on trading in crypto.

As to the future, all that said, crypto is here to stay.

Unlike fake fiat currency, it can't be stolen, confiscated, blocked, devalued, taxed or frozen by corrupt governments or their central banks. (However much they'd like to or legislate for) It's completely decentralized. There is no bank.
= No Overall Control.

Anyone, yes, anyone at all, with internet access and the use of a cheap smartphone can use it.

No poncy KYC, AML or other ba**saching checks required. Just click, install and you're good to go.

Of course, there's no protection either, so if you get scammed or lose the lot, tough.

If you want to free the world, use crypto. If you want to get rich quick, well, there are probably better ways to try.

You takes your money and you makes your choices.

Good Luck.

:)
Well thanks for that detailed explanation. That was quite helpful. Im gonna start studying about it soon.
 
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hatemypips

Established member
689 59
Hi I’m new to trading and have a couple ‘k’to play around with I want to make fast money what’s my best bet and what’s the best cryptos I already know of xrp,btc,eth,bnb,lac is there any underdogs ?

Did you consider Defi? It's very hot topic however it's better to wait till correction is over before starting to invest
 
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maby8

Junior member
49 8
I am sorry to say that that is the wrong way of thinking. You cannot expect to get rich quickly or effortlessly. You need to analyse, read news, consider various factors. It takes time and effort.
 
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LuckyMac

Member
56 14
Completely agree with this. You need to treat this like a business and a profession if you dont you might as well go to Las Vegas youll have more fun
 

pezza55

Junior member
38 7
Hi I’m new to trading and have a couple ‘k’to play around with I want to make fast money what’s my best bet and what’s the best cryptos I already know of xrp,btc,eth,bnb,lac is there any underdogs ?
a friend of mine is backing VRA 30% in 3 days he likes to invest large in the small coins and when they pump takes out investment and lets the rest ride
 

HeavLeighGill

Member
87 21
I understand that you’re looking to make quick money but crypto is risky and may not be the best way to go about it. It can be profitable but I’d suggest patience, otherwise you might lose your investment. You could play it safer and invest in something like EURUSD, unless you’re comfortable with taking the chance of possibly losing your deposit in exchange for the chance of making quick money.
 
 
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