Messsage from sigruna14 in MacGuyver - Skills & Academics #cryptocurrency
Thanks for the all the info. I think my main concern for getting started was that I wanted to learn as much about the technical aspect and how it works as possible. I don't think I would be able to get a grasp on a super autist technical level, but just to have a better understanding of it. I'll start out with the resources you posted, thanks @Tanner - SC
I feel that. I've tried to learn many times. But so many coins are complete trash at onboarding people
Now seems to be a good time to buy BTC and BCH tho
Here's a good discussion on why Ripple is junk:
>But so many coins are complete trash at onboarding people
So many coins are complete trash.
Mike Enoch had a great point on a recent TDS podcast when he said that one of the reasons a lot of the junkcoins are rising in price is because there's no way for wiser investors to bet against them. Without an options market (enables shorting), there is far less ability for downward pressure on price.
@everyone hello! Totally new to crypto
I am in the middle of setting up a coin base account
And it is not accepting my bank account
oh hey Volkmom
So I thought I'd try to just link my debit card for now?
ur on the /pg/ discord right?
You probably have to verify
But THAT is requiring me to upload my ID???
It's actually being set up for normie trading so I'm not necessarily concerned about opsec in that regard
coinbase is not the best. you can use to buy coins but NEVER sell coins there.
Hmm. Ok what Wallet should I do?
I need to convert SBD
your wallet should be the GUI you can download from the bitcoin site itself. never leave your coins on a website based wallet.
My main need rn is to convert sbd
@sigruna14 the reason being the IRS is now confirmed inside coinbase to see if people make over 20k from coinbase transactions.
because coinbase is a huge node dont use it for selling
use localbitcoins or localmonero or local[insertcoinhere]
How else are you gonna convert to USD? And does it not matter so long as you're not transferring too much?
@Volkmom do you want to get bitcoin or a different coin? the wallet depends on what you want to get
But localmonero is super expensive
I need to convert SBD, and I think I would rather buy lite coin or eth
Dont make fun lol
ok lets start with ETH. good solid coin.
Ok I am a user on steemit
I have sbd
I'm a total newbie here and just got a chunk of sbd
which operating system are you using?
windows, mac, linux