/biz/ - Business & Finance

hey /biz/, long time /v/irgin here. I only started looking into cryptocurrency yesterday and I'm very new to this. So I wanted to ask you guys a couple questions.

1. I bought $600 worth of BTC to trade into Alt coins and $800 worth of ETH. Is this a good start?
2. Where can I learn more about cryptocurrency and the methods to speculate their potential growth?
3. Currently cucked out from buying any alt coins by the 8day processing time by Coinbase. is this the only site I can use my USD to buy coins with?
4. I still don't understand the cryptocurrency very well. What if several bitcoin hoarders suddenly decide to cash out one day? wouldn't people be left with random coins they can't do anything with then?
5. How do you determine whether this whole cryptocurrency thing is a temporary fad or not? I mean does this thing even work when everyone loses interest in it?
6. Friend just said he sold his ETH because he thinks it's going to crash and burn. Thoughts?

I know these are long ass questions. So I would be grateful even if you just answer one of these.