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So, I have just dipped a very small toe into Crypto for the first time. What are the rules and what should I know? I’m using coinbase and see they take a commission. As my investment is pretty small I’m guessing regular trading will be pointless unless the gains are substantial - any pointers gratefully received

  • Amps replied to this.

    ArchimedesQ Pick a couple of coins, and hold them for a decade. You’ll probably make more money than you would having the same dollar / pound money in the bank. This is not financial advice.

    Ax

    ArchimedesQ

    Oh yeah, and if you have more than one of Dutchy’s wild accumulators invested, then get a hard wallet, and get all your coin off Coinbase and the like, and into your hard wallet.

      7 days later
      4 days later

      Shib burn taking place hence the jump in price.

      The big burn is supposibly on valentines day.

      Short story on NFTs.

      Treat them as any investment, there is a huge and growing market for them. Buy cheap and well, sell high, it really is that simple.

      I personally don’t own them for artistic value or want a collection, purely for the gains.

      High risk, high reward, this is crypto.

        bosstrabs I’ve repeatedly said it’s not for me, I’m not really into any art, apart from the electronic beats variant!

        It’s all crazy mental shit but that’s the world we live in, value is given by the community behind something and the online community is huge.

        Regarding NFTs there are hundreds of other use cases, I’m currently working on one regarding carbon offsetting with someone who works in the airline industry, currently there is no way to verify the authenticity of such certificates and you rely on trusting a company which as we know is not great. Using blockchain technology and specifically minting a NFT version of a certificate means the validity/uniqueness can be verified by anyone anytime, reducing fraud etc.

        There is a lot more to NFTs than just jpeg images…

        Yeah very, very early days for NFT’s but from what i can see so far it’s the underlying contract sitting on the blockchain that can potentially be a game changer…

        For the music biz types this could give artists with a following a chance to, say, flog an album as an NFT direct to fans with a share of streaming profits, fan meets etc. then it becomes tradeable…so no need for the record company to stump up the advances or to own the rights.

        Exciting stuff potentially from what I can see? Although I could easily be totally wrong as I don’t claim to fully understand it yet!

        The acronym I most think of when I hear NFT is NFI.

        11 days later
        15 days later

        OMG, flog the fucking lot.

        Some of the replies to Owen are brutally funny.

        a month later

        You can buy Alpha Kong NFTs for 0.6 eth at the moment. That’s $1,833 in FIAT currency.

        Get in before they go to 4 eth each.

        Not much doing out in China at the moment Dave with everyone locked up?

          Hursty Not much doing out in China at the moment Dave with everyone locked up?

          Beijing had one case yesterday, the whole city is running free with an iron wall around it so the nongs can’t get in.

          It’s the poor bastards outside the capital you want to feel sorry for.

          Bought any Alpha Kongs yet?

            bosstrabs Nope, just consolidating many positions as the market is offering many opportunities once again