Diversifying with Crypto

[Anonymous No.13239201]

Going to put $5k into crypto, this represents 2% of my fiat.

What should I buy? I was thinking most of it into Eth and none of it into whatever this board shills. I know this is a gamble and I'm ok with it.

[Anonymous No.13239214]

>>13239201
ftm and rippel.

[Anonymous No.13239219]

90% BTC
10% ETH

anyone who tells you otherwise is shilling their bags

[Anonymous No.13239226]

>>13239219

Why so high on btc? why not 50/50?

[Anonymous No.13239236]

>>13239201
You clearly don't know much about crypto, but it's good that you know enough to avoid any and all street shitters here. Stick with ETH and BTC until you learn more about the space. Seriously.

[Anonymous No.13239246]

>>13239226
BTC is king, no matter what anyone else tells you.

[Anonymous No.13239253]

>>13239226
You need to own 1 full BTC before moving to alts.

[Anonymous No.13239257]

>>13239236

I don't know shit about it, honestly I don't even know how to buy it but I want to diversify and a lot of well respected advisors do say to put about 2% into crypto.

I've been lurking on here for a few months so I can see the trends in people trying to shill their prajeet coins.

I don't want to do any trading, I have a full time job, the day trade payoff isn't worth my time and stress. I just want something to sit on.

[Anonymous No.13239265]

>>13239253

Wouldn't you want to wait until the $100,000,000 purchaser dumps before buying BTC as a first timer? $5k is very obviously a number caused by market manipulation.

[Anonymous No.13239273]

>>13239226
BTC is the genesis all other cryptocurrencies are built on. Read Satoshi's whitepaper. Most alts will go to zero over the long-term, but if this technology survives BTC will continue to appreciate as the longest and most trusted. It has already endured more than any other crypto.

[Anonymous No.13239278]

>>13239219
>implying you're not shilling your bags
No one who isn't holding heavy ETH bags would advice someone to buy into that sinking ship.

[Anonymous No.13239293]

>>13239278

Is it sinking? It seems to have been steadily increasing. As with all things I don't think putting all eggs in one basket is a very good idea, kinda the reason I'm looking into this gamble in the first place.

[Anonymous No.13239299]

>>13239265
Once we break 6k, it will be the new floor for the rest of time. If you're willing to risk missing the huge gains after we break through, then accumulate over the coming months and hopefully get a dollar cost average. It is still very possible we revisit 3-4k before the next run.

[Anonymous No.13239315]

>>13239278
it's 5% of my portfolio, I don't really care what crypto you buy. 100% BTC is also perfectly valid.

[Anonymous No.13239325]

>>13239293
Ethereum has lost most of its market share to EOS and Tron. In its current state it's barely usable. They have some really complicated scaling solutions that everyone keeps talking about, but they've been talking about it for years with nothing to show for it. At this point, even if they do implement their scaling solutions within a year they will be fighting an uphill battle, whereas back during the last bullrun they were the only contender. Even (((they))) are starting to take note, pic related.

[Anonymous No.13239341]

>>13239265
They dumped like 2 days ago. And all price levels are from "manipulation". If you are trying to avoid prices changes caused by buys/sells, you should be in bonds. I'm not trying to be mean; you'll learn how this market works after being in it for a bit. Now is as good a time to buy as you're gonna get. The 3-4k level is over, imo, but nobody knows. But if you are waiting for the 100M buyer to dump, they already did when we fell from 5300 to 4700. Then we came back up to 5000.

[Anonymous No.13239342]

>>13239299

When the US has it's next economic downturn I think it will tank. Crypto is doing well now cause everyone is doing well. This doesn't bother me, I'll hold on to this for 10-20 years if I have to, it's just something I want as a long term investment.


I know a lot of you guys trade and do this and that with it but for me it's just something I want to sit on, like precious metals.

[Anonymous No.13239365]

>>13239293
They mean sinking as in developer exodus. Also Binance has started their own ICO scam platform which was the entire reason Ethereum mooned in the first place.
>>13239273
I am a degenerate gambler who is heavily into esoteric shitcoins but this is true. Read the whitepaper, make sense of how Bitcoin works on a high level, and you will see that it is absolutely genius. It is a revolutionary technology that is here to stay. Bitcoin's Proof of Work is protected by raw energy, computing power and military grade cryptography. Ethereum is moving over to Proof of Stake soon which from my understanding is not as secure.

[Anonymous No.13239371]

>>13239341

I need honest advise so don't worry about being "mean". I don't really care about the fact that it's 25% higher than it was last month. I'm not trying to play the trade game, crypto is just something I want to have as part of my net worth. I have some money wrapped up in bonds as well.

[Anonymous No.13239384]

>>13239325
Fuck off with your scam stats you boomer ass nigga. EOS and Tron are both absolute scams and those dapp statistics are fraudulent. No one cares about either of them.

[Anonymous No.13239409]

>>13239384

This is exactly what I meant about not buying things this board shills. Even as a newcomer to this board it's totally obvious.

[Anonymous No.13239412]

>>13239365
>Ethereum is moving over to Proof of Stake soon which from my understanding is not as secure.
This is nonsense desu and so is the "raw energy" argument. The reason Bitcoin is king has nothing to do with it being PoW. It's king because of two factors: brand, and endurance. It's the gatekeeper to all other coins, normies and boomers know what it is, and it has survived all sorts of attacks, FUD, forks etc. for over 10 years which makes it inherently more trustworthy than any other coin. PoW itself is a shitty, dated technology that will be obsolete soon outside of Bitcoin/Litecoin which will be treated as legacy.

>>13239384
Sure thing buddy. The market disagrees.

[Anonymous No.13239423]

>>13239409
There are serious competitors to Ethereum coming out, but they are coin flips and potentially vaporware. I refrain from mentioning them in these types of threads because it is unethical to shill alts to noobs.

[Anonymous No.13239438]

>>13239412
You are an autistic street shitter and I'm not even going to entertain a conversation with you. Kys

[Anonymous No.13239446]

>>13239423

Wouldn't competition be good for eth? If Eth is being competed against it must be the standard for which the competition occurs.

[Anonymous No.13239454]

>>13239438
Ethereum bag holders in denial and on suicide watch

[Anonymous No.13239456]

One thing I don't quite gasp is how to store crypto. If you keep it on something like KeepKey, and the wallet physically breaks, you lost everything correct? On the other hand, if you have it on an online wallet and the one who hosts the wallet goes belly up, you lost everything there too. What is the most secure way to hold on to it for the long term?

[Anonymous No.13239471]

>>13239456
You make multiple backups of your private key and store them securely.

[Anonymous No.13239476]

>>13239456
Physical wallet with the recovery phrase stored very securely. I'd recommend split into at least two pieces and stored in multiple copies across various safety deposit boxes.

[Anonymous No.13239483]

>>13239471

So, for instance, have multiple USB drives all with the same private key locked away somewhere safe?

[Anonymous No.13239491]

>>13239456
Ledger Nano S + Cryptosteel to backup the recovery seed. The recovery seed is a 24 word mnemonic representation of your private key. Don't lose it, ever. If you ever lose or brick your hardware wallet you input the recovery seed to restore it. I have a few copies of it hidden in different locations.

[Anonymous No.13239492]

I'm all in eth as well, completely cool with it going to 0, with 2% of net worth

I choose eth over btc because if I'm going to gamble on some longshot then I might as well pick the underdog

[Anonymous No.13239497]

>>13239476

Just one physical wallet? It's an electronic device...I don't trust the longevity of any electronic device. Am I off base here or...?

[Anonymous No.13239514]

>>13239497
That's what the seed is for. You can always get a new device and input it to restore your wallets

[Anonymous No.13239520]

>>13239497
You can print a paper wallet, encrypt it with a strong password and send it to your mom's email etc etc. Use your imagination

[Anonymous No.13239529]

>>13239514

Shit. I need to read up, you lost me on "seed". Got a link to an article? I'm not a boomer by age but I feel like one with how out of touch I am.

[Anonymous No.13239545]

>>13239529
Google 'wallet recovery seed' you lazy fuck. Read the bitcoin.org site (NOT .com). Read the Satoshi whitepaper. Also do not buy any cryptocurrency until you understand how this stuff works or else you'll just lose it like a retard.

[Anonymous No.13239549]

>>13239529
It takes years to get acclimated to this space. We're all still learning. My friend actually works in blockchain and even he can't keep up with everything.

https://en.bitcoin.it/wiki/Seed_phrase

[Anonymous No.13239561]

>>13239456
Paper wallet is the most secure as long as you don't have your house burn down- at which point, since this is just 2% of your portfolio you have a lot more to worry about.

Also here's what my portfolio looks like for reference: 40% BTC, 30% ETH, 25% LINK. The numbers don't add up because I'm rounding down for all of them (i.e BTC is actually 42.3%). Overall I'm up 30% of initial, bought back into crypto in December right after the crash. So it's a pretty damn great return, were I to have only gotten into BTC and ETH I might be up 5% higher but overall I'm comfy with my bags.

[Anonymous No.13239568]

>>13239545
This. Learn how it works and how to store it before putting any significant funds into it. Coinbase us pretty safe, but it is a custodial exchange and keeping your coins with them is a huge gamble.

[Anonymous No.13239570]

>>13239226
because he's shilling his btc bags
truth is with $5k out of $250k the asymmetric opportunity makes more sense, and that's ETH. ETH could do a 20x, while this is all but impossible for bitcoin (outside of hyperinflation

[Anonymous No.13239580]

>>13239570
>this is your brain on mETH

[Anonymous No.13239590]

>>13239219
this is pretty much the truth

[Anonymous No.13239650]

>>13239529
Just leave your crypto on coinbase. Don't fuck around with ledgers or whatever, you are literally wasting your time and money.

[Anonymous No.13239666]

>>13239570
Bitcoin is only 3% of my portfolio and even I will say that it is absolutely the safest coin in this entire space. OP shouldn't even be bothering with alts until he actually understands bitcoin.

[Anonymous No.13239668]

>>13239341
How are you sure that it was the same whale dumping? Seems really silly to dump it so soon.

[Anonymous No.13239678]

>>13239650
This is either bait or straight up NPC talk. That's antithetical to the entire idea of cryptocurrency.

[Anonymous No.13239693]

>>13239201
dont listen to the gooks,

eth is solid

[Anonymous No.13239694]

>>13239483
Basically, except all the usb drives are encryped as well.

[Anonymous No.13239698]

>>13239678
OP, this rabbithole does go extremely deep though... I can't think of anything more redpilling. This space will destroy your social life once you really start getting into it. It is a disease.

[Anonymous No.13239700]

>>13239219

I'd go 75% ETH and 25% BTC

[Anonymous No.13239719]

>>13239545

I will do that, you're right.

> Also do not buy any cryptocurrency until you understand how this stuff works or else you'll just lose it like a retard.

I don't want to do that. Not at all. I'll read up.

[Anonymous No.13239733]

>>13239650

>Trust someone else

Nope. I might be new but I'm not stupid.

[Anonymous No.13239758]

>>13239698

I'm not prone to gambling addiction. I see a lot of people here are though.

[Anonymous No.13239782]

>>13239678
>>13239733
You trust a bank with your money.
I assume you guys have daily airgapped harddrive backups too, because that is the level of paranoia here. Yes you should in theory follow perfect security, but it comes at the cost of convenience. If you want to introduce risk of fucking up losing keys etc to your life which is magnitudes greater than the black swan of mt gox 2.0 on coinbase (for 2% of your wealth) then go ahead.

[Anonymous No.13239801]

>>13239201
Buy one bitcoin and forget about it after putting it in cold storage. Put the rest in litecoin or monero.

[Anonymous No.13239824]

>>13239201
Can’t go wrong with BTC/ETH/XMR really

[Anonymous No.13239827]

>>13239758
It's way more than degenerate gambling, it is an entire self-contained ecosystem. Crypto Twitter is a thriving, mostly insulated community. Nothing else matters to me anymore. All formerly normie hobbies I had like hiking and live music are the last thing on my mind. Every morning I wake up thinking about crypto. Once you really start to learn about and appreciate how bitcoin works there is no going back. I'm either on this board, Twitter or Telegram 90% of the time I'm using the internet.

[Anonymous No.13239840]

>>13239782

Interesting, I didn't know Coinbase was FDIC insured.

[Anonymous No.13239855]

>>13239827

Are you day trading? Has this become your full time job?

[Anonymous No.13239856]

>>13239782
That's why I'm warning OP about this, because you may actually be right if he wants to keep his sanity. Way more than 2% of my net worth is in crypto too.

[Anonymous No.13239859]

>>13239666
Devil trips of truth. Listen to this man.

[Anonymous No.13239887]

>>13239859
>>13239666

Why not have eth as well? I guess I'm just not understanding the harm in it. It's all a gamble, why not diversify crypto?

[Anonymous No.13239893]

>>13239201
might wanna grab some NIMIQ before it’s next leg up

[Anonymous No.13239908]

>>13239856

I just don't want to wake up one day 10 years from now, see btc skyrockets, go to coinbase and find they went out of business years prior. I think you guys are thinking on a way higher level of commitment than I am.

[Anonymous No.13239910]

Don't buy EOS or TRX. Literally lighting money on fire.

If you're US based, look into Helius come May. Going to be a real estate smartcontract that uses stable coins to provide liquidity that traditional REITs don't. I hear the ROI is above 15% annually.

[Anonymous No.13239913]

>>13239855
No, I don't day trade, I speculate on esoteric shitcoins that you probably haven't heard of and probably won'thear of for another 2-3 years, if ever. I have two jobs and work 50-60 hours a week, but it's all just to buy more crypto. Still doing 401k contributions as suicide insurance because I'm not completely insane (yet). If I could get over my autistic reclusiveness I would try to get a job in the space. My friend thinks I could, he tells me I know way more than most of the VC faggots he has to interact with.

[Anonymous No.13239926]

>>13239887
It's already been explained to you. ETH is a big gamble and if you're going to invest in an alt, it's far from the best choice. BTC is about as sure of a thing as you can get in crypto.

[Anonymous No.13239942]

>>13239910
>Don't buy EOS or TRX. Literally lighting money on fire.
See this is how you can tell this dude holds heavy ETH bags. It takes two seconds of looking at charts to see how full of shit you are.

[Anonymous No.13239947]

>>13239887
>why not buy lottery tickets as well? it's all a gamble!
You yourself said that you are brand fucking new to crypto. Maybe listen to those of us who have been in it for years.

[Anonymous No.13239949]

>>13239840
Only the usd funds afaik, meaning it is essentially pointless as you arent keeping money on coinbase to keep it as fait.

[Anonymous No.13239964]

>>13239942
How much EOS do you hold?

[Anonymous No.13239973]

>>13239942

When I see things like "I hear the ROI is above 15% annually" on something that hasn't happened, I just disregard.

The only advise I've heard consistently is buy btc. If I bought at $5k and it shot up to $20k I wouldn't sell, I'd just wait till its back down to $5k and buy more.

[Anonymous No.13239986]

>>13239947

Yeah you're right.

>>13239949

They don't give you the value of your crypto in fiat as a payout? What's the point then?

[Anonymous No.13239988]

>>13239964
This is my portfolio relative to ethereum. Good thing I didn't listen to you delusional eth bag holders

In before poorfolio, I don't give a fuck, this is just my hobby not my future.

[Anonymous No.13240004]

>>13239988
>no skin in the game
>hobbyist
>thinks his opinion is relevant

[Anonymous No.13240031]

>>13240004
>listening to emotional bag holders who just lost their life savings because they joined a gay blockchain cult and are desperate to make their losses back but not smart enough to recognize their poor judgement

[Anonymous No.13240047]

>>13239973
Yes pajeet. You probably can't buy in anyway.

>>13239988
No, I'm curious. EOS is likely going die out, TRX is already outted as a scam. Just strange you'd bother defending it

[Anonymous No.13240069]

>>13240047
If what you were saying were true and not just what ETH bag holders wish were true it would be reflected in the market.

[Anonymous No.13240077]

>>13240069
I don't hold any portions in ETH. This is just common sense.

[Anonymous No.13240085]

>>13240031

Savage.

[Anonymous No.13240127]

>>13240031
>>13240085
It would be savage if it were true. Imagine living through a huge bull-run and not coming out profitable, you'd have to be a retard.

[Anonymous No.13240133]

>>13239219
in the future but not for the next year or so

[Anonymous No.13240168]

>>13240127

Idk, I just want this to act as a means of protecting against inflation. If you didn't get in and buy big prior to 2014 you're really just out of luck when it comes to huge bull runs.

[Anonymous No.13240175]

>>13239986
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

>Digital currency is not legal tender, is not backed by the government, and digital currency accounts and value balances on Coinbase are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.

Its basically a meme to make coinbase seem more legit. While they probably are, it isnt much more than a marketing talking point.

[Anonymous No.13240201]

>>13240168
This space is never going away. I doubt even Satoshi envisioned the huge ecosystem that would emerge from Bitcoin. It all started on a fringe cypherpunk email list and turned into the multibillion dollar industry you see today. There will be a few more mega bull runs. However, if you want to hedge against inflation buy bitcoin, Ethereum has an uncapped supply.

[Anonymous No.13240253]

>>13239365
>military grade cryptography

This statement gave you away as an utter fucking moron. AES 256 is a standard used by everyone. 512 is overkill. There is no such thing as 'military grade' encryption you fucking idiot. You sound marketing material for some kinda scammy product or service.

[Anonymous No.13240277]

>>13240253

I've lost everything to a fire before so I know what it is to want things backed up. Having everything on a drive in a safe seems sketch.

[Anonymous No.13240312]

>>13239219
<90% BTC
<10% ETH

This. The BTC/ETH allocation is the new stocks/bonds ratio

[Anonymous No.13240321]

>>13240253
SHA-2 was literally developed by the NSA.
My point is that it is extremely difficult to reverse a bitcoin transaction after a certain number of blocks. It uses raw hash power in ways that Proof of Stake does not. I do not fully understand the mechanisms behind Casper but I imagine it has significant vulnerabilities compared to something that requires physical energy expenditure to attack.

[Anonymous No.13240357]

>>13240253
It's also not used by everyone, e.g. shitcoins like IOTA
https://link.medium.com/w8TpKBCvEV

[Anonymous No.13240372]

>>13240321

Would a massive advance in computer technology render crypto "obsolete"? It seems like it's all based on todays computing power.

[Anonymous No.13240379]

>>13240321
>It uses raw hash power in ways that Proof of Stake does not.
This makes no sense. PoS uses the same or equivalent crypto algorithms to PoW. You can't reverse transactions in PoS networks any easier than PoW networks.

[Anonymous No.13240419]

>>13240372
Bitcoin is designed to be more profitable to mine than to attack. Shitcoin clones are more vulnerable to 51% attacks if they use the same hash function. Quantum computing could in theory be used to steal bitcoin but we are in much deeper shit if that happens because like the Anon said it is widely used in a number of other industries that affect our day to day life

[Anonymous No.13240430]

>>13240372
I think gen 3 cryptos are addressing quantum computing if that’s what you are referring to

[Anonymous No.13240470]

>>13240372
By the time a computer is powerful enough to 'break' encryption for a cryptocurrency, we'll be in the year 2196, Bitcoin and its other spawn won't exist anymore. Putting money into crypto and not nowint about tech is dangerous.

[Anonymous No.13240491]

>>13240379
PoS networks aren't computing 10^50 hashes/second to find a nonce. It's very different and if someone here can explain how it's secure I would appreciate it

[Anonymous No.13240584]

>>13240470

In a persons lifetime in the 1900s they went from horse and buggy to men in space. Curious why you think it would be 170 years out until crypto could be stolen?

[Anonymous No.13240651]

>>13240372
The thing is all the normal bank shit is using encryption too, and tons of other shit including nuclear weapons. Once quantum computers hit then everything is going to need to swap algorithms, and honestly I trust crypto to be way better prepared for that than all of the legacy systems out there

[Anonymous No.13240844]

>>13239201
Imagine having $250k and only putting $5k in crypto.
I don't even have half that money and still have over 10x worth of crypto.

[Anonymous No.13240876]

>>13240844

Right but I don't understand it, not the way you guys do anyway. 2% is fine by me.

[Anonymous No.13240891]

>>13239219
90% into BTC is like putting 90% into Myspace while Zuckerburg is finalizing code for "the" Facebook.

[Anonymous No.13240904]

>>13240891

I don't understand much but I do know that a crypto with no cap is as good as the US govt printing money. For anything to be worth anything it needs scarcity.

[Anonymous No.13241203]

>>13240904
Based newfag.

[Anonymous No.13242018]

>>13240904
For anything to be worth anything it has to provide value. Scarcity is not value.

[Anonymous No.13242021]

>>13239342
When the US tanks people MAY decide putting there money into crypto will save them. We have seen bitcoin jump in price when big economies have problems. The US downturn could make bicoin skyrocket

[Anonymous No.13242142]

>>13239201
Look up XMR

[Anonymous No.13242182]

>>13240904
>I don't understand much but I do know that a crypto with no cap is as good as the US govt printing money. For anything to be worth anything it needs scarcity.
That's actually a pretty cringe and blue pilled thing to say. The problem with fiat is not inflation or infinite printing per se, but the fact that the printing is done arbitrarily, recklessly, and for the wrong reasons.

Bitcoin is inflationary for all intents and purposes; the last bitcoin will be mined decades from now. What makes it special is that the inflation rate is set in stone and predictable. Therefore we can make long-term plans around it, and we know that our money isn't going to suddenly become worthless next week when a communist dictator gets elected and decides to print stacks of money for all the poor people.

[Anonymous No.13242259]

>>13242182
On your meme . . . Wouldn’t printing more money devalue the currency but at the same time devalue the rich’s wealth too? So at the end of the day is like taxation for the rich and helping the poor, so it would work. Plus, isn’t that what the US government does it just that it gives the money to the banks (the rich)?

[Anonymous No.13242268]

>>13242259
Please tell me you're trolling

[Knowitall No.13242309]

Look into agi and loc thank me later. Eth not bad Investment. Waiting for BTC to die off. Maybe we will see another bullrun with BTC only because of anonymous brainless holders but will eventually die off.

[Anonymous No.13242335]

>>13239201
Who gives a fuck what you do with your chump change faggot. If its 2% of your portfolio, put it in some moon token thats shilled heavy and make some real money if you dont care.

[Anonymous No.13242340]

>>13242309
Nice try rankesh

[Anonymous No.13242348]

Oh my goodness you people are stupid motherfucks.

Btc is outdated model. It is collapse within 2 years. Do you like lose money?

Eth also become zero worth soon. It have pointless platform.

Bat token is much better investment. Outlook is 2700% next 6 month.

I am American investments professional. This guys here is online troll and hacker trying to compromise your computer. Trust me. Go bat.

[Anonymous No.13242371]

>>13242182

So you think it's a coincidence bitcoin has a hard cap and it's worth the most?

[Anonymous No.13242385]

>>13242348

Vishnu is a faggot street shitter and cows are for eating.

[Anonymous No.13242397]

>>13242335

Cause I don't want to add value to your shit coin you degenerate gambling nigger.

[Anonymous No.13242398]

>>13242371
Bitcoin is worth the most because of first mover advantage. With that said, as the inflation rate decreases, the increasing scarcity of newly minted coins will drive the price up, all else equal. That doesn't mean the value of a coin with infinite static inflation can't be a good investment though because there are many more factors that go into pricing than scarcity alone. Fiat is the worst of both worlds.

[Anonymous No.13242408]

>>13242021

>When no one has money they may consider putting their money in bitcoin

Record yourself saying that out loud then play it back so you can hear and actually realize what you believe.

[Anonymous No.13242416]

>>13242398

>the increasing scarcity of newly minted coins will drive the price up
>For anything to be worth anything it needs scarcity.
>That's actually a pretty cringe and blue pilled thing to say.

You have a short term memory.

[Anonymous No.13242417]

>>13242416
The cringe and blue pilled part was this:
>>I don't understand much but I do know that a crypto with no cap is as good as the US govt printing money.

[Anonymous No.13242439]

>>13242417

Right, crypto with no cap is as good as the govt printing money. For anything to be worth anything is must be scarce and/or very difficult to acquire.

[Anonymous No.13242456]

>>13239201
btc eth or xmr. research them and decide for yourself what you will spend your hard earned money on. btc is probably the better option of all coins in the long run. everything else has been created to "improve" or rather emulate it's success and essentially take your money.

[Anonymous No.13242464]

>>13242439
Scarcity is not binary. Scarcity is also determined by demand just as much as by supply, and demand can easily outpace supply even for something that has static inflation. If you disagree with this extremely basic economic theory, I have a one of a kind log of shit in the toilet I'll sell you.

[Anonymous No.13242494]

>>13239988
/poor

[Anonymous No.13242506]

>>13242464

Scarcity is absolutely binary. But that's not what I'm talking about. I'm talking about value. For something to have value it must be scarce. Scarcity is binary. You have two inputs, that's it. You can spin it in any situation you want, like having $1m and being willing to pay it for a bottle of water in the desert when there is none around (though water is the most abundant resource in the world). The fact of the matter is crypto is easily attainable so the biggest factor is scarcity, ie the amount in circulation. If some "decentralized" entity can arbitrarily create more with zero accountability, who do you think would trust it to continue to be scarce?

[Anonymous No.13242589]

>>13242506
>Scarcity is binary.
No. Scarcity is a function of a good or commodity that A: has a limited current supply, and B: has a certain amount of demand for it. The current supply may or may not grow in the future, and it may or may not grow infinitely. The demand is entirely variable based on who wants and how much they are willing to pay for it.

All cryptocurrencies have limited current supplies, inflation or not. Fiat has limited current supply as well, which is why you can actually buy things with it.

>The fact of the matter is crypto is easily attainable so the biggest factor is scarcity, ie the amount in circulation.
If this were true you could just fork Bitcoin, set the max supply to 100, mine them and sell them for millions of dollars.

> If some "decentralized" entity can arbitrarily create more with zero accountability, who do you think would trust it to continue to be scarce?
That's generally not how inflationary coins work. The inflation rate is set through some sort of community consensus or voting process. And this holds true for Bitcoin as well. It would theoretically be possible for the BTC devs to change the inflation rate. That's how hard forks are born.

Anyways, i'm done with the economic lessons. If you can't understand this basic stuff you should probably keep reading until you do have a full grasp of it before putting any money into it.

[Anonymous No.13242803]

>>13242268
IM not trolling

[Anonymous No.13242902]

>>13239913
Where do you find new projects?

[Anonymous No.13242915]

>>13239201

pic related is all you need

[Anonymous No.13243221]

>>13242589

>Scarcity is not binary
>Scarcity is born out of A or B

Economics lesson? I think you need to stay in class.

[Anonymous No.13243227]

>>13242915

Don't shill your faggot street shitting Monero garbage here, faggot. The only thing I see there is Eth and Btc.

[Anonymous No.13243280]

>>13239201
take the coin lion pill anon. always do your own due diligence

[Anonymous No.13243325]

>>13243227
>F
Monero will crush your portfolio gains you liberal Faggot

[Anonymous No.13243420]

>>13242902
Mostly here. I learned about Urbit, FOAM and Holo here. All before they started trading. My friend is activity involved with Handshake which is launching soon. I learned about other gems like Tauchain, Numerai, Nucypher and Edgeware through p2p networking.

[Anonymous No.13243518]

>>13239733
Either Coinbase which is a fucking US institution or a Ledger Nano S which is easy to use with Ledger Live. With Coinbase you run the risk of the US banning crypto in the same manner China did at some point but with the Ledger the keys are yours and never revealed to you so you cant "get hacked"

[Anonymous No.13243531]

>>13239491
Unfortunately my weakest link is my family. I had to give them a copy of the 24 word seed as well as ledger password in the event of my death so they could recover.

[Anonymous No.13243794]

>>13239201
all in eth

[Anonymous No.13243932]

>>13239201
you are literally me. I put half into eth and half into ltc

I have 0 link but I shill it as much as possible

[Anonymous No.13244005]

1. ETH is moving into proof of stake so the supply will inflate much less
2. ETH will have far more cutting edge tech than BTC for years to come
Do the math.

[Anonymous No.13244020]

>>13239409
>This is exactly what I meant about not buying things this board shills. Even as a newcomer to this board it's totally obvious.
This. Whatever you do, don't buy anything which isn't in the top 15.

[Anonymous No.13244316]

>>13239365
>Bitcoin works on a high level, and you will see that it is absolutely genius. It is a revolutionary technology that is here to stay.
Don't all cryptos work on the same principle?

[Anonymous No.13244360]

>>13239201
NIGGER, DON'T THINK LIKE A GAMBLER.
THINK LIKE A GENIUS.
GAMBLERS PLAY BY LUCK.
GENIUS PLAY WITH THE ODDS OF THEM WINNING.

DO YOUR RESEARCH.

[Anonymous No.13244559]

>>13243518
So buy crypto though Coinbase and then transfer it out ASAP? I have Binance, is that a good spot to move everything?

[Anonymous No.13245368]

>>13244559
buy a ledger device for long term hold and put your trading money into binance