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19 hours ago, abrasivesaint said:

What’s this ETH2 shit about? Just got some email from Coinbase talking about 7% APR if i switch my ETH over. 

 

 

Basically locks you into a long term hodl, 7% apr is an unbelievably good return, better than most other proof of stake cryptocurrencies. For someone who holds a lot of ETH this means you can just live off from the 7% returns and never need to cash out. Wouldn't recommend it for smaller balances, lower net worth investors because that may be needed as emergency funds going forward and will be inaccessible.

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I’m sure it’s buried throughout the pages, i’m just being lazy, but what do y’all use for your cryptos needs? 
 

I have a few apps on my phone i’ve used to dabble in a few things through the past couple years (Uphold, Cashapp, Coinbase, Robinhood, had Gemini and Crypto but never used em.) I know i read Mercer said he wouldn't put more than like 2k on Coinbase.. 

 

So what do y’all use? 

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One of you guys that are more experienced with this should make a really short cliff notes guide on how to jump in the deep end with this shit and then how to learn more about it quickly that will benefit your decisions.

 

Right now, I feel like this thread is probably full of good info and discussion but it's far from distilled.  I haven't dedicated the time, personally, to trying to be an expert with crypto or stocks or any kind of "risky money situations".  I'd be much more likely to jump in if someone that knew a lot more were to make a short guide.

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3 hours ago, Dirty_habiT said:

One of you guys that are more experienced with this should make a really short cliff notes guide on how to jump in the deep end with this shit and then how to learn more about it quickly that will benefit your decisions.

 

Right now, I feel like this thread is probably full of good info and discussion but it's far from distilled.  I haven't dedicated the time, personally, to trying to be an expert with crypto or stocks or any kind of "risky money situations".  I'd be much more likely to jump in if someone that knew a lot more were to make a short guide.

 

Mercer has contributed loads on this thread and on the one in Jekyll Island, definitely worth reading through both threads.

Loads of gems.

 

I'm barely out of noob status myself but really the quickest way to start learning is to involve some of your own cash.

You don't need to know everything before you start and putting your money at risk will help you pay attention:

 

1. Download a trusted app (I use Binance). Crypto exchanges work exactly like any foreign currency exchange does.

2. Buy a little bit of ETH & BTC to start. I dunno your circumstances but start low, say $50-100. Whatever number you are comfortable with but will still keep you interested.

3. Look back at how much that money would be worth now if you invested a year ago and kick yourself for not starting earlier

4. Realise that it's ok to join the party late and we are (probably) nowhere near the pinnacle

5. Learn what a blockchain is (video below) and do some research on different types of wallets:

https://stellabelle.medium.com/cold-wallet-vs-hot-wallet-whats-the-difference-a00d872aa6b1

7. Come back here and ask questions

8. Scammers are everywhere and are super crafty. Don't share any information with anyone until you know exactly what you're sharing. Don;t save stuff online, don;t screen shot keys etc. 

 

 

 

 

 

 

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