Current Events > Alright CE, how do I get into this crypto currency stuff?

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Jabodie
12/11/17 4:50:11 PM
#1:


Everything I google is riddled with jargon.

Anybody know where I can find a good starting point to learn?
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Giblet_Enjoyer
12/11/17 4:52:21 PM
#2:


You missed the boat little buddy, sorry.
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REMercsChamp
12/11/17 4:55:17 PM
#3:


Contact your local Mafia chapter
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BignutzisBack
12/11/17 4:55:51 PM
#4:


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frozenshock
12/11/17 4:56:13 PM
#5:


Buy a time machine
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Jabodie
12/11/17 4:56:19 PM
#6:


Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

That's what I thought when crypto was worth a fraction of what it's worth now.
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Jabodie
12/11/17 4:56:43 PM
#7:


frozenshock posted...
Buy a time machine

Also what people said when Bitcoin was at like $500.
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UnholyMudcrab
12/11/17 4:57:24 PM
#8:


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HypnoCoosh
12/11/17 4:58:30 PM
#9:


Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.


Such BS.

Don't listen TC.

Coinbase is a place to buy BTC LTC and ETH.

With those three you can pretty much buy any ALT you want on exchanges if ALTs are something you want to get into.

Otherwise LTC is probably a decent price point to get in and the coin is undervalued and going to go up.

Watch the dips and make small investments into BTC as it is also going to continue increasing same and ETH.

But to answer your question step one is Coinbase.
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Jabodie
12/11/17 4:58:33 PM
#10:


UnholyMudcrab posted...
By keeping it in the general

My b dog.

Don't log onto CE very often, didn't know they started one.
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HypnoCoosh
12/11/17 5:00:07 PM
#11:


Jabodie posted...
didn't know they started one.


It's quite over there but it's there.

https://www.gamefaqs.com/boards/1395-cryptocurrency
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Muffinz0rz
12/11/17 5:01:44 PM
#12:


Jabodie posted...
Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

That's what I thought when crypto was worth a fraction of what it's worth now.

Don't listen to him. Yes, we missed the boat to buy in early and cash out for millions and retire. But it's not too late to play around with and take seriously if you're willing to take the time and pay attention.

That said, I am not the person to listen to with regards to seriously investing. I put in $50 in bitcoin on Wednesday and $50 in litecoin on Friday and those are now worth $130 in my wallet so far. A 30% increase? Hot damn.

So here are a few rookie tips from a fellow rookie

1.) Only invest money that you're comfortable with potentially losing forever. That number is different for everyone. I was okay with dropping $100 just for the thrill of the ride (plus writing about and following the charts is always a great way to kill time at work).

2.) Coinbase is a good rookie platform for the most common coins (bitcoin, ethereum, litecoin). It's easy to use and easy to follow. It's a little frustrating though because they cannot accommodate the ridiculous amount of traffic they've been getting, so getting your account verified might take a bit.

3.) Do not link your bank account directly if they ask for online banking information. I figured they would do a typical routing/checking number, but they wanted my login and password for the online platform. I said hells naw. So I made a paypal account.

3A.) I mean you can if you want, but I'm a little paranoid about security and shit like that (which seems counter-intuitive since they want your drivers' license pictures, but I digress).

Hope that helps a little bit.
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Giblet_Enjoyer
12/11/17 5:03:01 PM
#13:


Jabodie posted...
Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

That's what I thought when crypto was worth a fraction of what it's worth now.

Well I say that with the assumption that you're going to put a small amount of money into Bitcoin or one of the big alts, like most people here who want to "get into" crypto do. The time when that was a viable way to make a buttload of money is long gone.
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Jabodie
12/11/17 5:06:47 PM
#14:


Giblet_Enjoyer posted...
Well I say that with the assumption that you're going to put a small amount of money into Bitcoin or one of the big alts, like most people here who want to "get into" crypto do. The time when that was a viable way to make a buttload of money is long gone.

Oh yeah, I'm not expecting to get rich.

But it seems like it's a good time to at least learn a bit about what's going on and maybe make money, or lose some spare cash tossing my hat into the ring.

Anyway

Thanks to Hypno and Muffin for the tips.
Muffinz0rz posted...
So I made a paypal account.

I'll probably do the same.
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Wetterdew
12/12/17 3:45:45 PM
#15:


Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

LOL I remember seeing people like you saying that when I jumped aboard and then more than doubled my investment.
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Parappa09
12/12/17 3:55:10 PM
#16:


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Jabodie
12/12/17 4:09:34 PM
#17:


Parappa09 posted...
tag

I've moved to the general.
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Giblet_Enjoyer
12/12/17 5:24:24 PM
#18:


Wetterdew posted...
Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

LOL I remember seeing people like you saying that when I jumped aboard and then more than doubled my investment.

Yeah but double ain't shit.
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Wetterdew
12/12/17 8:49:58 PM
#19:


Giblet_Enjoyer posted...
Wetterdew posted...
Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

LOL I remember seeing people like you saying that when I jumped aboard and then more than doubled my investment.

Yeah but double ain't shit.

LOL. Because it's so easy to double your investment in something in less than two weeks.

Double is great.
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Giblet_Enjoyer
12/12/17 9:08:41 PM
#20:


Wetterdew posted...
Giblet_Enjoyer posted...
Wetterdew posted...
Giblet_Enjoyer posted...
You missed the boat little buddy, sorry.

LOL I remember seeing people like you saying that when I jumped aboard and then more than doubled my investment.

Yeah but double ain't shit.

LOL. Because it's so easy to double your investment in something in less than two weeks.

Double is great.

Yeah I guess so but I feel bad for anyone putting significant amounts of money in, if this shit pops those people are gonna be on suicide watch
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