Bitcoin is taking off and I'm buying $5-$10 worth every week. I feel some is better than none, but it's the other currencies that I am trying to pick up now as well. I feel they are going to start seeing increases in their value and market share as Fiat currency loses its value and above all, trust.
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I personally like to buy on dips, except there haven't been many as of late. FOMO is driving this thing now.
bitcoin is to high now for you to make any money from $5-$10. I would recommend that you looking Ripple and Stellar and of course Steem! I been trading crypto and bitcoins for seven years and those three that I just mention have all my attention. Returns are insane I recommend patience when you first start and don't trade just buy and hold and your money will grow!
Yeah I don't expect to blow up on Bitcoin but I figure a couple hundred worth is better than 0....I'm trying to find ways to mine without all the fancy setups...plus I've heard the horror stories about the electric bill....I'm finding all the faucets are basically scams.....
The three you've mentioned. Do you have links to then? How can I go about obtaining - just outright Fiat to crypto?
Thanks for the advice
I would recommend using either Poloniex.com, which is a market place which you can trade and buy different coins. I usually deposit bitcoins into Poloniex and buy so on... in the exchange market. But up and coming is Bittrex.com and a lot of people are leaving Poloniex for Bittrex. And I can send you links to these three coins but I think its better if you look them up. Discovering them and fully understanding them is the best way to feel confortable investing in them.
Mining isn't really worth it for a home setup unless you're running a rig with like a min. of 6x GPU's (Video Cards) and each Video Card is going to be 220-250$ because they have to be state of the art because you want the must efficient working machine and that's not including a Motherboard that can handle 6x GPUs, processor and everything else. Plus all the learning you have to do before you even get started with that project. I would recommend looking into GenesisMining.com Where you can buy a mining contract and look up calculators to estimate what is the best option for you!
Thanks mate
Can fiat survive the crypto storm? That is the question.
Fiat is already dead. I think what you're going to start seeing with crypto and gold/silver are massive correction from decades of suppression against the dollar.
If there was ever a time to purchase precious metals and other forms of money, it's now!
Wow. Thank you. I am considering buying physical silver :) and to keep steeming for crypto ;)
Paper money eventually returns to it's intrinsic value of zero - Voltaire
Fiat is falling, it's only a matter of time bud. Trade the old for the new.