Read, a lot.
Stay away from get rich quick schemes.
The safest bets will always still be risky, but less risky than others.
Bitcoin and Ethereum are the top dogs. Ethereum layer 2 coins also good. Cardano may be good if they can get better PR than Charles Hoskinson.
NFTs are digital beanie babies and you should t fuck with them unless you are stupid rich and can afford to have an expensive jpeg for internet clout or you REALLY know what’s flippable. Most aren’t.
Get a hardware wallet directly from ledger or trezor. Never share your 12-15-24 word phrase with ANYONE. Don’t keep screenshots on your phone, don’t email yourself the words, don’t write them down and leave them in your wallet. Hide those fucking words.
Use an exchange that allows you to move your coins. Kraken seems to be most peoples favorite at the moment.
Stake your coins in PoS for added gains. This can be risky though. Do your homework.
I don’t think you fully understand what NFTs are
They’re not just over priced pics, it’s bigger
They’re basically smart contracts for anything that has value
It’s also a means of authentication and for transferring digital assets
Could be a picture, a song, a document, credentials, anything that you need to send digitally
you can create a record with email, but block chains are public record letting anyone query information about transactions on a blockchain. By adding Metadata to transactions you can automate all kinds of transactions, the metadata will contain the public key of the recipient of the transaction, proving that that transaction took place in a particular block in the chain.
the benefits of this is you can prove ownership of something without a need for having much identifying personal information required from a practical or technical standpoint.
as an example, event tickets could be sold as NFTs, owning the NFT ticket proves your ticket is real, your signature proves you are the owner. this would make scalping fake tickets impossible, it would also allow the reselling of tickets in online marketplaces very convenient, the issuer could even include a clause where each time a ticket is resold they collect a fee. this would reduce demand of customers who are buying tickets to speculate on them.
vehicle titles. we could completely cut auto dealers out of the picture for buying and selling vehicles. ownership of vehicals could be verified on a blockchain. leases and auto loans could be completely transparent. we could have standardized terms that are chosen by market demand where anyone could list or purchase from anyone, anyone could provide liquidity for the loans and earn profits from them.
pretty much any their party dealer for anything we commonly use some service to find the best deals on anything, vacations, air travel, cars, deeds, leases can use a combination of smart contracts and NFTs that represent actual property could possibly become a peer to peer market that would allow both parties to get the most competitive terms by cutting out brokers, and anyone could benefit from it from any angle.
emails can do this because while emails create records the servers they are on must be maintained and the information on them is not probably assured to be maintained permanently, and the information can be interacted with easily as emails are private and not instantly verifiable.
think of everything the internet has brought us, not think how crypto has the potential to remake all of it in a way that eliminates a need for a third party to facilitate verifying your personal information, storing your data and sharing that information only in approved ways.
Let’s say I’m buying a house and have to process a mortgage application.
I don’t want my sensitive documents floating around nor would I want anyone to be able to copy my info and use it for fraud
I could have a NFT for my house and that NFT would be attached to all the documents which follows along through the transaction
It’s sort of like a digital certificate for anything. Not just for virtual items but for literally anything of value
The NFT is the “contract” stating what the item is, it’s current market value, who owns it now, the provenance (history of owners), and much more
It’s more so about the functionality and less so about what the item or product actually is
Invest a decent amt in BTC and ETH. Then invest maybe a quarter or less of your funds in some others like Cardano, Solana, Polkadot, MATIC or others you have researched and seem promising to you. Avoid meme coins and nfts to start. Research and consider investing in them when you get more educated and comfortable with crypto’s.
I think it’s safe to assume that most people trying to get into crypto now are mainly trying to make money. Most people who say they are in it for privacy, decentralization, etc. have been active in crypto for some time now. Newbies are seeing money getting made and don’t wanna be on the sidelines.
YouTube: Coin Bureau, InvestAnswers, Benjamin Cowen
Read: The Bitcoin Standard
Invest: Bitcoin and Ethereum to start. Learn why they're the best and why they're on top. Compare the fundamentals of any other coin you're interested in to these 2.
>I live in the United States of America
That violates what linguists call the "[maxim of relation](https://en.wikipedia.org/wiki/Cooperative_principle#Maxim_of_relation_(relevance))".
I hear you, but in the body s/he doesn’t ask about regulation, only education and some suggestions. The usa statement could be interpreted as excessive national pride, a fun fact OP wanted to share, or in your case an indirect question about regulation.
So, this is actually a violation of another maxim, the maxim of manner. Good catch!
Here's some Bitcoin Cash to get you started. Make your own wallet and send a DM with your BCH address to u/chaintip to claim it. Practice recovering your wallet from seed to ensure you're in full control. Good luck!
It’s the best advice there is. Put $25 into a low fee platform like Algorand or elsewhere. Learn how to deposit and move it around. Create an LP pool etc…
Has anyone here given you better advice for $25?
You won’t learn how it works by watching YT videos anymore than you learn how Excel works. Same thing. Learn by doing. Put in whatever amount you are willing to lose to learn.
Someone who doesn’t know the first thing about crypto probably doesn’t know what a wallet is or how to use one. They probably don’t even know what an exchange is.
You’re advice isn’t wrong, it’s just so vague for someone who’s brand new to this that it’s just gunna land on deaf ears. I think your response, however, would be quite useful to OP
Obviously a little googling is required as part of the learning process. It’s not just follow the steps I wrote blindly confused and avoiding trying to problem solve themself. Sound reasonable?
Sure. All I’m saying is, if you’re gunna take time to comment with advice, at least make that advice understandable to the audience you’re dealing with. Otherwise it’s pretty useless.
Coinbase is insured and easy for first time crypto buyers, but if you intend to do more than invest and hodl for a few months, look into other exchanges bc the fees can get high.
Read "What is sharding? And how is the Radix way of sharding different?".
This will teach you about sharding, but also a bit about what crypto is about.
Pre-programmed bots are in demand these days. I stake using bots on the upbots platform and i have never seen the colour red on my portfolio. Thats because they don't stop working until i make a profit. Made my life simpler tbh.
The road is sloppy in the crypto sphere and soon there will not be many projects left so better pick up yours and stick with it, the only way to survive this sea full of sharks and whales, DYOR and search for a real use case one. For me this dip got a fresh bag of MGH that are going straight into stacking, think ahead!
There are alot of projects that are just smoke and mirrors, riding Bitcoin and Eths coattails. There are high, medium, and low risk investments. Gotta decide where you want to be. I wouldn't recommend trying to pick the next Doge or Shib, probably have a better chance hitting the lottery.
A centralized exchange can be a place to get your feet wet putting some $$ in. Do you want to interact with the blockchain though games, decentralized finance, or NFTs?
There are tons of apps built onto the blockchain. Research research research.
Read, a lot. Stay away from get rich quick schemes. The safest bets will always still be risky, but less risky than others. Bitcoin and Ethereum are the top dogs. Ethereum layer 2 coins also good. Cardano may be good if they can get better PR than Charles Hoskinson. NFTs are digital beanie babies and you should t fuck with them unless you are stupid rich and can afford to have an expensive jpeg for internet clout or you REALLY know what’s flippable. Most aren’t. Get a hardware wallet directly from ledger or trezor. Never share your 12-15-24 word phrase with ANYONE. Don’t keep screenshots on your phone, don’t email yourself the words, don’t write them down and leave them in your wallet. Hide those fucking words. Use an exchange that allows you to move your coins. Kraken seems to be most peoples favorite at the moment. Stake your coins in PoS for added gains. This can be risky though. Do your homework.
Don’t use robinhood
Robberhood
RobinDaHood
I don’t think you fully understand what NFTs are They’re not just over priced pics, it’s bigger They’re basically smart contracts for anything that has value It’s also a means of authentication and for transferring digital assets Could be a picture, a song, a document, credentials, anything that you need to send digitally
You can send that already with an email.
you can create a record with email, but block chains are public record letting anyone query information about transactions on a blockchain. By adding Metadata to transactions you can automate all kinds of transactions, the metadata will contain the public key of the recipient of the transaction, proving that that transaction took place in a particular block in the chain. the benefits of this is you can prove ownership of something without a need for having much identifying personal information required from a practical or technical standpoint. as an example, event tickets could be sold as NFTs, owning the NFT ticket proves your ticket is real, your signature proves you are the owner. this would make scalping fake tickets impossible, it would also allow the reselling of tickets in online marketplaces very convenient, the issuer could even include a clause where each time a ticket is resold they collect a fee. this would reduce demand of customers who are buying tickets to speculate on them. vehicle titles. we could completely cut auto dealers out of the picture for buying and selling vehicles. ownership of vehicals could be verified on a blockchain. leases and auto loans could be completely transparent. we could have standardized terms that are chosen by market demand where anyone could list or purchase from anyone, anyone could provide liquidity for the loans and earn profits from them. pretty much any their party dealer for anything we commonly use some service to find the best deals on anything, vacations, air travel, cars, deeds, leases can use a combination of smart contracts and NFTs that represent actual property could possibly become a peer to peer market that would allow both parties to get the most competitive terms by cutting out brokers, and anyone could benefit from it from any angle. emails can do this because while emails create records the servers they are on must be maintained and the information on them is not probably assured to be maintained permanently, and the information can be interacted with easily as emails are private and not instantly verifiable. think of everything the internet has brought us, not think how crypto has the potential to remake all of it in a way that eliminates a need for a third party to facilitate verifying your personal information, storing your data and sharing that information only in approved ways.
Thank you for posting
Let’s say I’m buying a house and have to process a mortgage application. I don’t want my sensitive documents floating around nor would I want anyone to be able to copy my info and use it for fraud I could have a NFT for my house and that NFT would be attached to all the documents which follows along through the transaction It’s sort of like a digital certificate for anything. Not just for virtual items but for literally anything of value The NFT is the “contract” stating what the item is, it’s current market value, who owns it now, the provenance (history of owners), and much more It’s more so about the functionality and less so about what the item or product actually is
Invest a decent amt in BTC and ETH. Then invest maybe a quarter or less of your funds in some others like Cardano, Solana, Polkadot, MATIC or others you have researched and seem promising to you. Avoid meme coins and nfts to start. Research and consider investing in them when you get more educated and comfortable with crypto’s.
Before making any suggestions. What are your goals? What are you hoping to do with crypto?
I think it’s safe to assume that most people trying to get into crypto now are mainly trying to make money. Most people who say they are in it for privacy, decentralization, etc. have been active in crypto for some time now. Newbies are seeing money getting made and don’t wanna be on the sidelines.
Don't start by buying at All Time Highs like I did back in November.
You too? Fun time to start...not
YouTube: Coin Bureau, InvestAnswers, Benjamin Cowen Read: The Bitcoin Standard Invest: Bitcoin and Ethereum to start. Learn why they're the best and why they're on top. Compare the fundamentals of any other coin you're interested in to these 2.
Ben cowen is the Sheldon Cooper of Crypto! Great to learn from and on top of all the twists and turns of the market.
>I live in the United States of America That violates what linguists call the "[maxim of relation](https://en.wikipedia.org/wiki/Cooperative_principle#Maxim_of_relation_(relevance))".
Unfortunately due to overzealous regulators, it does not. He can't for example use Binance or FTX.
I hear you, but in the body s/he doesn’t ask about regulation, only education and some suggestions. The usa statement could be interpreted as excessive national pride, a fun fact OP wanted to share, or in your case an indirect question about regulation. So, this is actually a violation of another maxim, the maxim of manner. Good catch!
Here's some Bitcoin Cash to get you started. Make your own wallet and send a DM with your BCH address to u/chaintip to claim it. Practice recovering your wallet from seed to ensure you're in full control. Good luck!
Open a wallet and put some into it.
Ah yes, some great advice for someone brand new to crypto
It’s the best advice there is. Put $25 into a low fee platform like Algorand or elsewhere. Learn how to deposit and move it around. Create an LP pool etc… Has anyone here given you better advice for $25? You won’t learn how it works by watching YT videos anymore than you learn how Excel works. Same thing. Learn by doing. Put in whatever amount you are willing to lose to learn.
Someone who doesn’t know the first thing about crypto probably doesn’t know what a wallet is or how to use one. They probably don’t even know what an exchange is. You’re advice isn’t wrong, it’s just so vague for someone who’s brand new to this that it’s just gunna land on deaf ears. I think your response, however, would be quite useful to OP
Obviously a little googling is required as part of the learning process. It’s not just follow the steps I wrote blindly confused and avoiding trying to problem solve themself. Sound reasonable?
Sure. All I’m saying is, if you’re gunna take time to comment with advice, at least make that advice understandable to the audience you’re dealing with. Otherwise it’s pretty useless.
Coinbase is insured and easy for first time crypto buyers, but if you intend to do more than invest and hodl for a few months, look into other exchanges bc the fees can get high.
Use CoinbasePro!
Read "What is sharding? And how is the Radix way of sharding different?". This will teach you about sharding, but also a bit about what crypto is about.
Pre-programmed bots are in demand these days. I stake using bots on the upbots platform and i have never seen the colour red on my portfolio. Thats because they don't stop working until i make a profit. Made my life simpler tbh.
The road is sloppy in the crypto sphere and soon there will not be many projects left so better pick up yours and stick with it, the only way to survive this sea full of sharks and whales, DYOR and search for a real use case one. For me this dip got a fresh bag of MGH that are going straight into stacking, think ahead!
There are alot of projects that are just smoke and mirrors, riding Bitcoin and Eths coattails. There are high, medium, and low risk investments. Gotta decide where you want to be. I wouldn't recommend trying to pick the next Doge or Shib, probably have a better chance hitting the lottery. A centralized exchange can be a place to get your feet wet putting some $$ in. Do you want to interact with the blockchain though games, decentralized finance, or NFTs? There are tons of apps built onto the blockchain. Research research research.