Crypto 101?

[AMSOILGUY]

Originally Posted by Vegas69

Was that English or Greek? LOL If that's 101, I better sign up for diapers and pre-school.

Haha. Well I think English but weird words. Pre-school is in session let's learn fast its a fast paced space. Plus the market has been going down.

[dhutton]

I remember Greg saying that when the grocery clerk etc is talking about buying something that is the time to NOT buy. This seems like one of those moments imho….

Don

[Vegas69]

I hate to say it Don, but it all seems about too good to be true right now and I couldn't care less. As the late great John Wooden said, "It tends to work out best for those that make the best of how things work out." Or something like that.

[AMSOILGUY]

Where my thought process is on this and I don't know if its right but I stick to the blockchains and am long term on this like 10 -20 years and continue to dollar cost average. On the Crypto.com app they have missions you can do everyday to earn diamonds. Once you earn 25 diamonds you get to open a mystery box that contains a certain amount of CRO which is the utility token for that platform. I buy 20 dollars of crypto everyday not always the same one. They reward me with 1 diamond for checking in on the missions and another 5 diamonds for buying the $20 dollars in crypto daily. They have a $500 daily mission that rewards you 60 diamonds but I only do that like 1 time a month.

Download the app and just start messing with it. Have to get started sometime. www.crypto.com I am pretty sure they give you 25 dollars in CRO just for signing up.

[Ketzer]

It seems easy to put cash (real money) into crypto... what is involved in getting your cash back out of the system? Penalties? Waiting periods?


Jeff-

[AMSOILGUY]

Its just as easy as putting in. Waiting period is a normal bank transaction time frame. Same tax laws apply to crypto. Commisions very by exchange.

[AMSOILGUY]

Let's get this topic going because its blowing up like crazy. I'm guessing that many have heard of the Bored Ape Yacht Club "BAYC". Eminem the artist just bought one for 450k. They are electronic art. That have benefits of owning making them an asset. There are marketplaces where these are traded and released at mint. Minting is the first time its introduced to the market. These markets allow you to pay using crypto or fiat. Do you have any?

[AMSOILGUY]

In November Crypto.com released their first PFP collection of 10,000 1st editions Loaded Lions. These are my first NFTS . Right now the least expensive Loaded Lion is $2,900 mint price $200. The market place website is www.crypto.com/nft. Get one!

[AMSOILGUY]

Originally Posted by dhutton

I remember Greg saying that when the grocery clerk etc is talking about buying something that is the time to NOT buy. This seems like one of those moments imho….

Don

Don it sounds like the grocery clerk at Walmart isn't going to have a choice because they are creating their own currency.

AMAZON says they are working on excepting crypto for purchases in 2022. From what I read its between currencies MATIC, SHIB, AMP, or HOKK.

Microsoft just bought Activision so they can get a bigger presence into the Metaverse.

Just more writing on the wall that this probably is going to become the norm I think.

What do you guys think?

[Vegas69]

I think I'll stick with real estate, boring mutual funds/index funds, and running my two businesses. I have a little interest in this stuff, but not enough to really gain the understanding I need to invest. It seems like an awful tricky environment and that raises a red flag for me.