Hi dumb question but is forex really a wise decision? I have so many people trying to get me to convert!

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Forex trading is very difficult.

Think about it: currencies naturally fall in value every year. USD falls at like 9%/yr.

So if you're trading, you're playing a zero sum game trying to keep your head above ground while standing in quicksand.

George Soros made the GDP of a small country on large currency trades so it's possible, just know it's worse than zero sum and you're competing with a lot of people that really know what they're doing.

In contrast, cryptocurrency is positive sum because its supply growth is restricted against Fiat currencies and stocks are "more positive sum" because they also pay earnings.

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Its likely a scam if people are aggresively pestering you

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No

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Perfect day to diversify from BTC to others, so, I treated myself with some ARK ETH IOC LTC NEO OMG .. Now go to sleep until November end.

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To the newbies here - most of your inquiries have been answered before here. A quick search will give you all the details and more. Thus, I implore you to search before asking. Of course go ahead and ask if you can't find what you're looking for . Thanks!! 🙏🏿

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Anyone know good trade recommendation sources (paid or otherwise), sth more professional and better than reditt forums

Anyone interested in a job in the industry?

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Any good resources for those starting in crypto? Seems to be a lot of info out there and not a lot of “here is how it is done” without all the BS and fluff.

Maybe asked a different way, if you could start off on crypto again, what would you do differently (besides not buying a pizza with bitcoin and not mining bitcoin).

Thanks for the help as I venture into this crazy place!

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One day late, but PSA - there’s a Celsius phishing scam out there that prompts you to connect your meta mask or other wallet to a “Celsius” website. Don’t fall for it

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Still struggling fundamentally with pricing for these alt coins. They have no real value as they don't reflect any claim for cash flows or ownership. So their price is purely a function of supply and demand. While I can logically support a price for bitcoin due to the limited supply, which effectively eliminates the ability to debase it as a store of value, its gold standard/first mover/brand in the crypto space, and its converatbilty to effectively all other crypto tokens/fiat, which supports its demand . Other alt coins have seemingly moved away from limiting the coin supply, which effectively removes the scarcity value off the table, and secondly opens the door to debasement, which will undermine these tokens use as store of value over time. I am interested in other intellectuall thoughts regarding the utility of these tokens and why their use in the future is warranted rather than circumvanted through the use of fiat/Bitcoin? (As side note, I understand the assumption that the ecosystem will become more valuable just not clear why would this warrant a coin price appreciation (specifically if the supply is not limited...you effectively need to assume the demand for a token will outpace the inflation in token supply to support a fundamental support for price increase)

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Whats the deal with ripple? Dead? Any chance it hits $5 ?

Buy the dip!!

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Anyone know of a crypto company looking to significantly enhance the UI/UX for exchanges and the entire workflow of the buying/selling process? I'm sure most can vouch that their first transaction, their first transfer into a wallet etc was both a moment of disbelief if you did it right and then panic when it was immediately where you thought it would be, panic that you just lost your money somehow. So imagine now you were a bunch of really smart consultants who are also digitally savvy...now drop in the average every day person, financially flexible baby boomers etc who are probably terrified and completely confused by string addresses, pricing things at 8 decimals in another coins rates, transferring ETH to an exchange to then buy btc to then trade for omg etc... so when and who makes the process easier for the average citizen? Korea just added capabilities into their country wide messaging app...who does this at global scale or is working on it? Or is this just not for normal people..

Sometimes I get worried we’re near the top. Then I look at the “give me your 5 best coins” threads and see the stuff you’re shilling.
I’ll get worried for real when I stop seeing XRP, XLM and LTC as top answers.

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Thoughts on XLM - Thx!

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