Anybody buying CRYPTO like DOGE Coin?

[1320]

I will add a little to goldkey's excellent reply. Crypto has it's foot in the door to replace traditional banking via decentralized finance (DeFi) block chains. You can "stake" your coins and earn "interest", you can also take out loans against your holdings. Earned interest is WAY more than a traditional savings account. Traditional banks don't pay you a penny when they loan out your savings either.

Coinbase, one of the most popular (US based) Crypto exchanges actually gives away small amounts of good crypto via their Earn program. All you have to do is watch some short videos and answer a few questions. Don't worry about the questions, you get to keep answering until you get it right. I have "earned" a little over $500 with this program. This is a great way to get your feet wet with zero risk whatsoever. One of the freebies is a "staking" coin, I'm earning additional rewards for simply holding it.

Keep this in mind if you're considering a crypto purchase....you don't have to buy a full coin, i.e., if Bitcoin's price is $56,000, you can buy $5 worth, you don't have to buy an entire coin, same with all of the crypto's out there.

I will also say that the crypto community is a very tight group of extremely helpful people. There's no bullying, shaming, etc., the learning curve gets flattened pretty quick. We actually help ourselves by helping others.

Bit of a warning, the crypto market in general is in a multi month bull cycle, it's real easy to get burned buying at the top. Right now is the time to look for new projects that have entry points in the .000x-.0000x range, hundredths and thousandths of a cent for one coin.
Just use the now famous Doge coin as an example of how little it cost to build a big bag just a few years ago. As goldkey mentioned, holding your coins and being patience is the ticket. I have a position in one crypto that swings wildly, one day it's worth $200, the next day it's worth $15,000. After a few of those rides, you'll panic less often.

If anyone wants to play along without putting some skin in, watch these two projects in the coming weeks and months. Casino Coin (CSC) and Flare (FLR). CSC is an older coin that's being swapped to the XRP block chain, it resumes trading Friday. Probably will start out in the .0003 range. FLR is also on the XRP block chain and will begin trading in June. It's a brand new DeFi project, a lot of eyes watching this one. As goldkey mentioned previously, the XRP project is definitely worth taking a look it. Trading for XRP is suspended in the US currently (pending SEC lawsuit) but it can be purchased on foreign exchanges just as easy.

Crypto's are not ponzi or tulip schemes, take that to the bank.

 

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[carveforfun]

i like stellar lumens xlm to the moon and beyond up 3,400%

 

[CoinHunterAZ]

Psssst...Hey buddy...wanna buy some Cryptos?

 

[Mike L]

I have the norms, fractional BTC and Eth. Doge has been very very good to me and a few buds, we all were in on it around the .003 mark. None of us thought it would ever break .20, took our investments and some profits, and we basically traded by the day the last 4-6 weeks. Now with SHIBA going nuts, its all basically small money bets looking to hit it out of the park, SHIBA is up about 1850%

 

[FreeBirdTim]

I avoid the penny cryptos like the plague. Just remember that over 1,000 cryptos have gone belly up over the past few years. Very easy to lose your money in a blink of an eye.

 

[Tesorodeoro]

The eithereum gas fees are pretty high right now. Saw a recent transaction where they paid $187 to buy $167 in crypto.

Friend has $100 in USDC and can’t afford to swap it for anything so it’s basically worthless at the moment.
I suppose she could pay for something with it maybe? Not sure.

 

[Plumbata]

Vitalik dumped on the silly doggycoins clogging up the ETH network today, it was pretty hilarious watching the annoying moonbois who bought the top just before get suicidal as their favorite pump n'dump coins crashed and they then sold the bottom. Everyone looks like a genius in a frenzied bull market bubble until the rug gets pulled or an autistic Russian gets fed up with all the silliness and market sells everything then donates a billion worth of SHIB to India, lol. Be careful out there.

 

[EagleEye1]

Doge is about to go on Coinbase!!! Also, Elon Musk is trying to make it better. I like Ripple (XRP) and of course Bitcoin and Litecoin. I am keeping my eye on Stellar Lumens too.

But, I don't have Doge yet, but might just put a little in, which with my income means $0.05......

 

[EagleEye1]

Exactly! You buy Apple stock as an long term investment, while you buy cryptos hoping for quick gains and then get out. Anyone who states they are holding cryptos for ten years is going to be disappointed. Buy the dips, sell the tops and repeat. That's all it is right now.

You're right, BUT, had I bought say bitcoin 10 years ago and held it, I would be on my own cruise ship with a helicopter landing pad on it......And I don't make much money at all! A small amount of money back then and good LORD now!

As for stocks, the market is rigged imho, BUT, solid Companies that can easily be followed and keeping up with politics and news that impacts such things can indeed pay off.

 

[Mackaydon]

- Bitcoin plunged by 17% on Wednesday after Elon Musk said that Tesla (NASDAQ: TSLA) would no longer accept digital tokens as payment for cars.
Writing on the wall.
Don....

 

[FreeBirdTim]

You're right, BUT, had I bought say bitcoin 10 years ago and held it, I would be on my own cruise ship with a helicopter landing pad on it......And I don't make much money at all! A small amount of money back then and good LORD now!

I almost bought some Bitcoin when it tanked to $3,800 in 2019, but was afraid it was going to zero. Bad mistake on my part!

 

[FreeBirdTim]

Doge is about to go on Coinbase!!!

That should definitely help it out. I can't buy it with Paypal, so I'm holding zero Doge right now. Maybe Paypal will wake up and add it to their acceptable crypto list soon.

 

[goldkey]

That should definitely help it out. I can't buy it with Paypal, so I'm holding zero Doge right now. Maybe Paypal will wake up and add it to their acceptable crypto list soon.

It's very easy to sign up on an exchange other than Paypal. When we see Coinbase adding doge, we know it won't be long before the price will go higher. Doge is also being grouped on the Flare Network, along with XRP. If you haven't heard about the Flare Network, then it would be wise to learn all you can about it, as it is scheduled to appear live in the month of June. People that held XRP back in Dec. received free Spark tokens 1:1 from the Flare Network. The tokens weren't issued to us yet, and will be portioned when we do receive them, when the Flare Network goes live next month. There is a lot of anticipation concerning the Flare Network, and what it will add to the crypto community. Next month will probably be too late to buy doge at a cheap price.

 

[goldkey]

Apple/Alphabet has what is called assets. Apple stock will be worth something until they declare bankruptcy, and even then you might get something back.

Crypto currencies have zero assets and zero intristic value. They are only worth as much as the next sucker is willing to pay.

The dollar has zero assets also....not backed by anything. There is really no difference. Gold and silver may be physical assets, but they too are only worth what people are willing to pay for it. All money and products are only worth what people are willing to pay for....how bad do you want that new shiny car....what are you willing to pay?

 

[goldkey]

I avoid the penny cryptos like the plague. Just remember that over 1,000 cryptos have gone belly up over the past few years. Very easy to lose your money in a blink of an eye.

This is my strategy concerning penny cryptos. If I see one that has a lot of interest in it, and I decide to purchase it on the low side, I wait till the price shoots up and I sell a portion of it to cover what I put into it, along with a profit, then what I have left is free money (crypto) which I can then not worry about , and just let it run it's course. After doing this for a while, you wind up having none of your own money invested in your now large portfolio. None of this happens overnight most of the time, and you have to learn to be patient. It has certainly taught me patience that I never had before.

 

[A2coins]

All you swing traders out there mark this post vynt mon tues.....just saying chart is awesome. gotta love the market ride mara riot sell in 3rds rinse repeat .vynt set for big short squeeze and creg lets see how good I am.......... Slap it

 

[1320]

- Bitcoin plunged by 17% on Wednesday after Elon Musk said that Tesla (NASDAQ: TSLA) would no longer accept digital tokens as payment for cars.
Writing on the wall.
Don....

The writing on the wall? Elon probably bought the dip that he created. Bitcoin isn't going anywhere.

Edit: No one buys a car with Bitcoin lol.

 

[Duckshot]

The dollar has zero assets also....not backed by anything. There is really no difference. Gold and silver may be physical assets, but they too are only worth what people are willing to pay for it. All money and products are only worth what people are willing to pay for....how bad do you want that new shiny car....what are you willing to pay?

A "dollar" is a fixed amount of silver equal to a milled Spanish dollar, 371-1/4 grains iirc. A federal reserve note is not a dollar, it is merely the ghost of a dollar.

 

[Tesorodeoro]

A "dollar" is a fixed amount of silver equal to a milled Spanish dollar, 371-1/4 grains iirc. A federal reserve note is not a dollar, it is merely the ghost of a dollar.

How do I go about getting some of those “real” dollars? Buy silver your saying?

 

[Duckshot]

The writing on the wall? Elon probably bought the dip that he created. Bitcoin isn't going anywhere.

Maybe. Or, since Bitcoin is a fixed supply I wonder what it would be worth if just one man owned all of them? Probably diddly squat. Maybe Elon Musk was trying to prop up something else that he has a billion of....

...paper notes.