Quote from: trailer on December 05, 2023, 04:10:38 PMQuote from: tbrick18 on December 05, 2023, 03:29:39 PMI must admit, I dont have the first clue about trading in crypto and I'm a million miles behind when it comes to what is on the market now.
Can anyone provide a very high level overview on the current state of Bitcoin/cyrptocurrencies etc? I see a few posts there about Gaming and AI coins, but I've never even heard of those.
I feel like I'm missing out and could be making some money on side
The secret is that it absolutely doesn't matter. All the coins are absolute dung. They mean and do nothing. Complete made up shite. Anyone who says anything different is full of shite also.
If Bitcoin rises everything rises. If Bitcoin falls everything falls. The whole thing will tank in time but for now it looks like it's heading skywards.
Only put in what you can afford to lose. Look at the market cap. Lower the market cap the more chance it will 5x 10x.
While I agree most of it is shite, I only invested in coins whose tokenomics I liked. Not financial advice or to buy coins I have but couple of the coins I bought where Render/VRA.
Render I liked because it provides users who need extra GPU processing power from those who don't need it and pays those providing their GPU power with render coins. Mining Bitcoin uses a lot of GPU so that's why I bought it.
Then VRA is Proof of View so targets ad fraud and can tell if bots viewed something or real life people. Seeing as Ad fraud costs companies billions why I thought it.
As Trailer says though only put what you can afford to lose and pray to Mother Bitcoin to go to the moon so the money filters down.