How can I get into crypto?

[Mess]

How can I learn all this

@PsychoDsk @noodlelover @RICHCELDOM

 

[future slavic chad]

youre 10 years late nigga

 

[Mess]

youre 10 years late nigga

I was 5 10 years ago

 

[Ken]

Wait for it to crash

 

[noodlelover]

You being interested may be a sign of a market top.

When there's enough buzz to get some one interested enough to enter crypto, it's usually at the top of the cycle right before it all crashes and every one looses money.

I've been staring at charts, plotting equations in spread sheets, trying to figure out if this is the top, for hours today or if we have one more leg up before the peak.

Know that this is very hard. I don't want to point you at one specific source, or book, or chart, or model of the world and then have that be wrong and have you wind up loosing all of your money.

What I recommend is you start reading. Read every book you can find on crypto, gold, currencies, the history of money, bubbles, and investing. Maybe start by reading fooled by randomness and black swan by Nassine Taleb. Make sure you understand fat tail risk before reading any other books.

But keep reading, and keep thinking. Let all the theories wrestle in your mind.

What you need to understand, is that this is a game, for you to make money, some one else has to loose money. While that's not exactly true, it's close enough to be a useful model of the world.

It's like chess in that you want to understand strategies, and counter strategies, and realize that for every winning strategy some one comes up with to "beat" the market, some one else is coming with a counter strategy to beat them and take their money.

So yah, start reading, realize you're in no rush, you're young and have your entire life. Maybe start trading to test theories, with a small amount of money you're perfectly ok with loosing in it's entirety. Or paper trade if transaction fees are too high.

 

[aids]

Read PsychoDsk's threads and join his Discord.

 

[poloralf]

You being interested may be a sign of a market top.

When there's enough buzz to get some one interested enough to enter crypto, it's usually at the top of the cycle right before it all crashes and every one looses money.

I've been staring at charts, plotting equations in spread sheets, trying to figure out if this is the top, for hours today or if we have one more leg up before the peak.

Know that this is very hard. I don't want to point you at one specific source, or book, or chart, or model of the world and then have that be wrong and have you wind up loosing all of your money.

What I recommend is you start reading. Read every book you can find on crypto, gold, currencies, the history of money, bubbles, and investing. Maybe start by reading fooled by randomness and black swan by Nassine Taleb. Make sure you understand fat tail risk before reading any other books.

But keep reading, and keep thinking. Let all the theories wrestle in your mind.

What you need to understand, is that this is a game, for you to make money, some one else has to loose money. While that's not exactly true, it's close enough to be a useful model of the world.

It's like chess in that you want to understand strategies, and counter strategies, and realize that for every winning strategy some one comes up with to "beat" the market, some one else is coming with a counter strategy to beat them and take their money.

So yah, start reading, realize you're in no rush, you're young and have your entire life. Maybe start trading to test theories, with a small amount of money you're perfectly ok with loosing in it's entirety. Or paper trade if transaction fees are too high.

nowhere near the top, every bull market's meaty part starts with normies joining crypto you just suffer from bear ptsd, the next part is people like you taking profits early, then a giga pump cucking the fuck out of you followed by you guys fomoing at the top again and then the final flush where i sell with 1000x profits nuking the market normies and people like you alike.

this process takes a few months to a year from here.

 

[PsychoDsk]

nowhere near the top, every bull market's meaty part starts with normies joining crypto you just suffer from bear ptsd, the next part is people like you taking profits early, then a giga pump cucking the fuck out of you followed by you guys fomoing at the top again and then the final flush where i sell with 1000x profits nuking the market normies and people like you alike.

this process takes a few months to a year from here.