The Simplest Way To Get Into Crypto - lesson 101

I have just written a bit about crypto on a music forum I am in, answering a buddy who asked what the simplest way to get into it is. I thought it would be worth sharing. This is a little more "Crypto 101" than the multi-strategy yield farming across different chains I will also be writing about, but hey, it might be useful to anyone wanting to get into crypto!

QUESTION:

• I've been told I should get into crypto by multiple people. I've just never done any kind of investing before. Seems like there's so many different options. Not to mention how values constantly go up & down like the stock market. Then the need for 1 or more "wallets" & how it can then complicate things when you do your taxes(at least here in the US). For me personally, the whole thing feels so overwhelming. I'll just sit here and go "okay.. what do I do? what should I buy? when should I buy? should I sell?"... question after question, questioning myself... then I go "aaaaahhhhhhhhhh!" and take a break from the computer.

  Today at 21:05

  Yes, it is an absolute rabbit warren once you get into it. Crypto is like a lot of things in that you can make it as simple or complex as you want really. Easiest & safest way to get into it would be to join a reputable exchange, buy Bitcoin & hold it for a few years. That's it.  
• Bitcoin is volatile in the short term, but overall it is highly likely to go up in value - it's beaten every traditional asset class massively over the last 10 years including land, gold, housing, stocks... it's kicking it and especially with the dollar inflation will get more valuable.  
• Probably the best place to start is Crypto.com (who have a great debit card you can use & earn crypto just for using it). They have an easy to use App which does everything, and you can top up the debit card from your usual bank, use it instead of your bank card & earn 1% back in crypto just for doing your usual stuff. 1 % doesn't sound like a lot, but it's an appreciating asset - so if you make back $5, in a few months that may be worth $15 or whatever,& it's free money for doing your usual stuff. You can buy lots of crypto assets direct from the app, & if you make a profit there is always the option to top up your debit card with it & buy something "discounted" with your profits... or just hold on the the asset as it grows.  
• Bitcoin (BTC) is the king and the safest option long-term by far.
• Ethereum (ETH), Solana (SOL), Polkadot (DOT), BINANCE token (BNB) are the next "safest" options I would say.  
• Personally I am most excited about the Fantom Chain ecosystem, and their native token (FTM) which is like a next generation blockchain but massively undervalued right now in my opinion.   This is scratching the surface of it all, but I would say is a great place to start. Obviously none of this should be taken as financial advice, & please do your own research don't just listen to me!!    

  Today at 21:15

• p.s...... Also the golden rule is don't invest anything that will screw you over if something goes wrong.  
• Avoid "meme" coins (anything with a dog or cat etc haha) - some people have made a tonne of money but more often than now they are crappy scammy coins with no purpose and you only get rich on them by having lucky timing. The only exception to this is Dogecoin & the only reason I say this is because Elon Musk has personally put his reputation on the line with it (to an extent) so it has a powerful supporter.  
• Ignore people who say Bitcoin has no real value - they don't understand it.  
• Invest only in solid projects that add real value to the emerging blockchain world and have a solid technical team. The ones I mentioned above all fit that category (I personally think SOL is a little over-valued right now though IMHO) and I have a little of each of them.  
• Some smaller ones do solid stuff like Verasity (VRA) which have the only 2 patents in the world for "Proof Of View" = it will stop advertising click fraud, stop ESports & Video streaming view count fraud = really useful tech!!!
• But there is more risk with this smaller stuff, but if you have a few $ spare to risk, you could make some serious gains especially with something like VRA & FTM.
• Again, not financial advice lol.  

  I am not affiliated with CRYPTO.COM by the way, but I personally think their app is the slickest option with the debit card which works like a charm, and is free. I also use Binance.com, KuCoin.com, Gate.io & Coinbase.com for centralised exchanges..... and for Decentralised exchanges... that's for another article haha. 

  Next article will go deep into taking out 0% $USD loans using your interest yielding crypto tokens, then compounding those gains. 

  Thanks for reading! Please share and all that good stuff, as this is a brand-new blog. Cheers!