Help us that have no clue about Cryptocurrency

in #cryptocurrency • 7 years ago

Seriously I have no clue how all this work, it seems everywhere i read it's all about opinion, but what i really am looking for not just for myself but for others is the actual starting point, trustworthy sites, wallets. and in terms that we can understand and start from.

I know its late to get in and make a ton, but i wouldn't mind investing $100 or so a month and see where it takes me. so how about all of you out there that have some knowledge lay it out for myself and maybe others that are curious how this all works.

Thanks

#bitcoin #coin
7 years ago in #cryptocurrency by
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     7 years ago 

    As cryptocurrency is adapted more by the mainstream, I do see the need for a more simplistic explanations. I had this problem when starting myself. My explanation to family and friends is "it's just like a bank without the the control of your investments being influenced by petrodollar" it's must less confusing if you think of it in those terms.

    When looking at wallets and coins to purchase, you are only ever going to get opinions. Nobody wants the responsibility of saying get this wallet use this platform, because it might not be right for you. Just think of it as where you want to invest (in what coins) and where you want to put it (once purchased).

    Again like I said the more mainstream. The more places you will be able to use. And eventually it will be as simple as your daily transactions now.

    I hope I haven't confused you more. Steemit is a great place to learn just ask, people will help as much as the can here!

    Remember it's not confusing just new. I suggest start small. teach yourself with that small amount.

    Please also remember I'm new too, and this is just my take on crypto.

    Hope it helped a bit.

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     7 years ago 

    Yeah we actually have a bitcoin atm right by where i live, guess ill just dive in

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     5 years ago 

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