[SwampyTHC]

As a complete sceptic on this i must say i have seen alot about bitcoin but to be honest thought it was all a scam how could somone like myself with not a clue invest in said crypto currency get involved, with out going through a crappy app that is potentially just mugging me off?? I've seen some amazing stories of money being made but thought them to be bullshit.

[Douglas.Curtis]

Good question. I guess it would come down to finding the right combination of videos or posts to educate yourself. Which crappy app are you talking about?(I've seen a few) There are many coins, each with their own wallet. There are tokens, which are held in various networks (blockchains) and so on.

[DeluxeBerry]

Originally Posted by Kalbhairav

Many smaller alt coins and cryptos will suffer since many are priced against Bitcoin.

actuallyyyy these days when bitcoin price drops, alts swell, as we have seen by the last two days of price action. it used to be that bad news for btc meant bad news for the whole cryptosphere, but not anymore. when btc pumps, everyone sells their alts to ride the wave, and vice versa. it will be VERY interesting to see the results of the inevitable correction to the long term trendline, now that this inverse relationship has developed.

[yesum]

Are there any good low priced coins, like under a dollar and no more coins in circulation than 15 million? I want to get in low and ride a 100x or more wave.

Could only get in with $2000 at most because of the risk.

Plenty of coins with prices under a dollar but they have many millions of coins so dilution will affect things to keep prices lower.

[SwampyTHC]

Originally Posted by Douglas.Curtis

Good question. I guess it would come down to finding the right combination of videos or posts to educate yourself. Which crappy app are you talking about?(I've seen a few) There are many coins, each with their own wallet. There are tokens, which are held in various networks (blockchains) and so on.

I had downloaded a couple of those bitcoin mining apps I have a wealthify account and a couple of other trading apps but I've never really understood the trading and stocks game just seems like a made up digital minefield

[Bmac1]

I dipped my toe in the pool today. Threw a couple hundred into a coinbase account. 100 on bitcoin, 50 on etherium and 50 on litecoin. Is it safe to just leave the account as is or do i need to be moving this stuff to an offline wallet/ thumbdrive type of thing?

[Chappi]

To be brutally honest there is no “investing” at these levels. We are at bubble territory. If you want to make some quick cash and then dump then yes you can probably still make money. No one knows where the top is. But don’t think for a minute that you’re investing at these levels. Be willing to lose ALL not just some of your “investment” it is a gamble by any standards. The fundamentals of BTC have changed very little from bitcoin at 500 vs 19000. All the people claiming 200,000 and what not have no real fundamental information on which they base these assumptions, it’s pure speculation and market euphoria.

[Chappi]

Originally Posted by Bmac1

I dipped my toe in the pool today. Threw a couple hundred into a coinbase account. 100 on bitcoin, 50 on etherium and 50 on litecoin. Is it safe to just leave the account as is or do i need to be moving this stuff to an offline wallet/ thumbdrive type of thing?

Don’t leave it in that account for long. Get a safe wallet asap.

[GDSBurns]

Originally Posted by Chappi

Don’t leave it in that account for long. Get a safe wallet asap.

whats a safe wallet? im trying to take in alot of info at one time and its starting to become a blur. WHen i understand one thing someone throws in a few other things i need to start learning about. I just got a coinbase account. So is that not safe?

[DeluxeBerry]

a hardware wallet, like on a thumb drive, or a paper wallet(just dont lose it) or a wallet on a computer thats not attatched to the internet all the time