written by reader Crypto has Arrived-and right on cue-Altcoins tank

By rlevine99, December 23, 2020

Im starting to see more frequent references and inquiries about crypto here. Today will be as good a buying opportunity
For several of the main altcoins including link/ada/vet as i just checked my account and these are all down 15-20 % in last week.
One of the incredibly frustrating things about crypto is how it is almost impossible to own all the different coins you want on a single
Exchange. In general, these exchanges are not customer friendly, but some of the exchanges you would need to access some of the newer defi issues are
Downright anti-social. And then there is the issue where new yorkers are severely limited as to their crypto options. And lastly, the ledger HACK from last week has scared the crap out of a bunch of people.
While Travis attracts many wise investors, lets just say as a whole, we might be (as are most market investors) a bit behind in the crypto curve.
The first step in climbing the curve should be watching the β€œCryptopia” doc on prime video. I cant imagine a better way to hep you understand
Crypto and the Blockchain than this great Doc. I already had a decent working knowledge of crypto and this Doc filled in many blanks.
I have made my picks, i have my Hodl bags and i am not gonna let the whales shake me out.
With each passing day, Crypto and the Nasdaq are becoming more entwined, and what i have noticed is that a basic understanding of both leads to greater understanding of both.

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December 24, 2020 1:01 pm

Thank you for the advice and guidance. I have been trying to take plunge myself but never knew where to start and never understood how to differentiate all the different currencies available there and the source where I can get the knowledge on what is happening in that world. Any further advice on this topic will greatly help people like me in this forum.

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December 28, 2020 10:10 am
Reply to  rlevine99

Thanks Richard. I watched Cryptopia in Amazon this weekend. I think I understood most of it. But came out with the understanding that Bitcoin is the only one that truly follows the protocol written back in 2008. All the rest could be a gamble. I will have to watch it again and pause in between and do more research as I watch it to grasp it better. Litecoin looked promising to me too. But it has gone up so much in the past 30 days that I am getting nervous to enter now.

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December 29, 2020 8:35 pm
Reply to  rlevine99

Hey Richard, thank you – I am in the US (California), looking at Binance.US. Viable?
Also how good is the security among crypto sites? Do I really need to buy an offline wallet and bury it under my Apple tree?

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December 25, 2020 4:21 pm

I posted a reply and was either not approved, or deleted. Disappointing to say the least. I did not think this was facebook….

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