Which cryptocurrency is hot right now

[StarStruck]

I have about 800 dollars to throw away 

[josemar]

Bitcoin

There is no second best ?

[OBEler]

@StarStruck just bitcoin.Forget about altcoins

[StarStruck]

7 hours ago, OBEler said:

@StarStruck just bitcoin.Forget about altcoins

There is not a lot of money in bitcoin

5 hours ago, DefinitelyNotARobot said:

How well educated are you on crypto? Personally, I wouldn't put any money into it if I didn't know much about it. Too many pyramid schemes for my taste. Maybe you can buy a bunch of books first and read into it?

yea I’m reading one right now 

[josemar]

45 minutes ago, StarStruck said:

There is not a lot of money in bitcoin

yea I’m reading one right now 

What do you mean, not a lot of money in Bitcoin? For the past almost 2 years, altcoins have been bleeding against bitcoin, so if you put your money in anything but bitcoin, you would have lost more.

Are you talking about the 1 or 2 altcoins that may outperform bitcoin? Good luck picking it, out of the 20k+ shitcoins.

[StarStruck]

@josemar I will buy bitcoin too but at low point. And I will invest more than 800 into that .. I just have spare 800 dollar to throw away. Maybe I will get rich. 

[something_else]

Welcome to the casino 

[universe]

None.

Maybe look into stocks.

[Pav]

12 hours ago, StarStruck said:

@josemar I will buy bitcoin too but at low point. And I will invest more than 800 into that .. I just have spare 800 dollar to throw away. Maybe I will get rich. 

If that's your goal perhaps just throw it in Dogecoin or Solana. There's possibly going to be a decent sized crash sometime over the next few months so be prepared for that. You'd want to aim to hold until we're near the highs of the cycle (likely in 2025).

Edited October 11, 2023 by Pav

[StarStruck]

23 minutes ago, Pav said:

If that's your goal perhaps just throw it in Dogecoin or Solana. There's possibly going to be a decent sized crash sometime over the next few months so be prepared for that. You'd want to aim to hold until we're near the highs of the cycle (likely in 2025).

isn't dogecoin not already at the lowest point ever?

[Pav]

1 hour ago, StarStruck said:

isn't dogecoin not already at the lowest point ever?

It's price is very high compared to where it has historically been. It probably won't go back to pre-2020 levels though.

[StarStruck]

@Optimized Life bitcoin is oversaturated. And at this point the price point not that great to jump in. Perhaps at 16k. 

[Schizophonia]

Crypto investing is outdated and risky. The only interest is the black market. 

[StarStruck]

7 minutes ago, Optimized Life said:

Yes It's basic fucking economics, the market cap is huge, "just buy bitcoin bro" is the most uniformed lazy and outdated advice. There's many things you can look into actually, I'm personally no involved in crypto because I need to establish a business first. But if I had already established my finances and had spare capital, I certainly would get involved in alt coins, there's still big potential just wait until the halving comes around, that's when shit will start to move. 

Also remember that what moves the market is market sentiment, not actual value of the project, so check twitter google trends and what the influences are bigging up, but only bother with this when the market is heating up around or after the halving. 

buying bitcoin now is like trying to make YouTube videos about drop shipping in 2024. 

You mean halving of bitcoin or halving or altcoins? 

[StarStruck]

3 minutes ago, Optimized Life said:

It's not outdated, it works in cycles, you haven't researchd how the cycles work. Do you know how many people were saying that advice before the last bull run? 

Due to the economics of it, it will never be as lucrative as in 2013, so in a sense you have a point, but it works like that with all nacent markets, once the market grows the oppurtunities becomes less lucrative over time, oceans turn from blue to red. However I think there's still some more gasoline in the fire for next time. 

Crypto is here to stay. My interest is not to get rich but to understand how the market works.  When you understand it you get rich anyway. If I have my ass on the line I will be more prone to investigate it. I already bought the best book on the subject.

[Schizophonia]

It is because of speculators that bitcoin is so unstable and that more and more sellers prefer or even demand Monero. (among others).

[AerisVahnEphelia]

@Optimized Life "it works in cycle"

until it doesn't

[sheep]

@AerisVahnEphelia

If all mechanisms stop/change one day, is that a reason to dismiss them while they still operate?

[flowboy]

Retail investing is a rigged game for suckers.

Might as well put it all into a slot machine, maybe you get lucky.

Invest it it your own business or in your own education.

Worry about crypto and stocks when you've got millions you don't know what to do with.

[StarStruck]

1 hour ago, flowboy said:

Retail investing is a rigged game for suckers.

Might as well put it all into a slot machine, maybe you get lucky.

Invest it it your own business or in your own education.

Worry about crypto and stocks when you've got millions you don't know what to do with.

With crypto investing there is a mastery behind it and tech to understand, while a slot machine is just dumb luck.

I've already had hundreds of dollars by using trading bots and AI. And again: I'm not doing this to get rich but to understand the tech. My LP is in technology.