Defining Crypto in the way you delivered the question goes down the path of Bitcoin, XRP/ripple etc, ie the actual currencies used within various block chains., and yes they're being used as currencies, a large number of celebrities and sports players are now being paid in it. It goes a whole lot deeper than that with smart contracts via the way of the Ethereum block chain to keep it brief.
I'm about 6 months ahead of you, so yes, I missed the crazy days, but I've got a a couple of friends who have the stories I'm sure you heard that got you interested. The BEST way to learn more is literally YouTube, heck, If you find any great explanatory videos post them here.
The hard part in "Crypto" is accepting the lack of physical backing, and having faith in the future growth of the online. I believe the development of WEB3.0 and of course the "Metaverse" are a couple things promising a fine future.
I have a little crypto, literally just holdings in the ones I like, the ones that have uses and I see being used more and more in the future(no, not bitcoin). I invest more in dividend shares but I find some solace knowing that companies like NIKE, Facebook(META), Twitter(BLOCK), Samsung etc are all dumping 10's of millions into the metaverse.
Defining Crypto in the way you delivered the question goes down the path of Bitcoin, XRP/ripple etc, ie the actual currencies used within various block chains., and yes they're being used as currencies, a large number of celebrities and sports players are now being paid in it. It goes a whole lot deeper than that with smart contracts via the way of the Ethereum block chain to keep it brief.
I'm about 6 months ahead of you, so yes, I missed the crazy days, but I've got a a couple of friends who have the stories I'm sure you heard that got you interested. The BEST way to learn more is literally YouTube, heck, If you find any great explanatory videos post them here.
The hard part in "Crypto" is accepting the lack of physical backing, and having faith in the future growth of the online. I believe the development of WEB3.0 and of course the "Metaverse" are a couple things promising a fine future.
I have a little crypto, literally just holdings in the ones I like, the ones that have uses and I see being used more and more in the future(no, not bitcoin). I invest more in dividend shares but I find some solace knowing that companies like NIKE, Facebook(META), Twitter(BLOCK), Samsung etc are all dumping 10's of millions into the metaverse.
No I’m not, but I am trying to understand them better. That’s some next level insanity
As I mentioned earlier I got in on the drop for the Loaded Lions PFP. That was my first ever and I am holding to see what happens with them. Rumor has it the super bowl commercial is going to have them in it. I am not really into gaming so that hasn't been big for me yet.
We're e also in for a Bear market.. many are suggesting a 20% drop in the major Indexes as we drive through Midterm elections, covid recovery and inflation.
Great advice! Perfect time to buy when it's getting crushed. When the stock market "recovers" these assets will also I think. Just wait until the decision tomorrow we're going to get crushed probably another bad day. I've got the harness and cage because we might be rolling. I'm looking years ahead and trying to invest in the infrastructure of the ecosystem. Risky business no doubt, who knows?
I haven't seen anything here that gives me enough clarity to even consider Crypto as a personal investment. I'm not saying it's not valid, it's just too tricky for me to risk my money.
The dow has nearly doubled in 6 years and quadrupled in 12. Has the economy really grown on that scale? I find that very hard to believe.
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Todd
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Since this is Crypto 101, can anybody explain Crypto simply enough that a teenager can understand it? (Or a middle aged guy with zero knowledge)
Crypto is electronic money. From what I see its all about who can transfer it fastest and with the least amount of fees. "Security and congestion slow this down" It's super competitive which explains why all kinds of new technologies and ideas are happening.
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