Economy in crisis = cryptos?

Hello!!



Many of my colleagues, family, and friends lately are investing in cryptos because of the economic catastrophe that plagues my country. Many of them are obtaining returns that are good for our economy (I mean, in many countries due to inflation, earning 100 or 500 dollars a month is a great salary... no, I'm not kidding) BUT I've also seen many people scammed and a lot of outdated information on networks and false information, that's why I want to ask you, do you think it's worth investing time to understand and study that market? selling cryptos is complex? With what medium or platform do they do it?


Thanks!

selling cryptos is complex?

Attached poll
*Voting in this poll no longer yields commission.
๐Ÿ’ต Finance
๐Ÿง  Advice
๐Ÿ’ป Virtual selling
15
GingerBarbarian
Opinionated
6
Lead Sales
Crypto now is a volatility play. And with the collapse of FTX the market is less certain than ever. I am not saying you cannot make money, but there are safer ways to do it.
1nbatopshotfan
Politicker
4
Sales
I would check the news on crypto. Itโ€™s ummm not been great.
braintank
Politicker
2
Enterprise Account Executive
Why not "traditional" investments (e.g. VOO)?
Fenderbaum
Politicker
2
Retired Choirboy๐Ÿช•
I stay away from crypto.
BTQ
Politicker
2
Account Manager
I have some experience in the industry as a community manager.

This was for a smaller alt-coin but we had to do a lot of marketing with other communities. These folks were mostly communities of traders via telegram or discord.

If you want to learn more you can check out "Teach yourself Crypto".

Here's some general rules to live by:

- Don't flex your money
- NEVER hold funds on exchange unless buying/selling (FTX)
- Get a hardware wallet and learn self-custody

Crypto is full of charlatans and scammers. If you see online someone offering a risk free trade, you're the exit liquidity.

Stick to the majors: BTC/ETH as these networks are used and actively developed on.

Feel free to PM me if you have any questions.
coletrain
Politicker
2
Account Executive
Crypto is the new snake oil IMO. Stay clear
braintank
Politicker
1
Enterprise Account Executive
No
antiASKHOLE
Tycoon
1
Bravado's Resident Asshole
I'm not really one for Crapto stuff. I'm ignorant of most of it really and I don't care to invest too much time into it tbh.
shield
Fire Starter
1
accountant & designer
I do not prefer encryption as a result of the presence of many sites where you do not find credibility
countingmyinterest
Politicker
1
Account Executive
I had to recheck the date to make sure it wasn't 2021. crypto rn is a shitstorm lol
CuriousFox
WR Officer
1
๐ŸฆŠ
It's not anything I'd be serious about.
FinanceEngineer
Politicker
0
Sr Director, sales and partnerships
The market moves randomly, but they act like equities. Setting up accounts to mine your own will be a little harder since most chains are now doing staking. Returns on staking are good, but with volatilities, I wouldnโ€™t know how to value them.
Kosta_Konfucius
Politicker
0
Sales Rep
Since its complex and I don't understand, I do not invest in it. Especially how volatile it is, I can lose a lot of money quickly and not know why
Corpslovechild
Politicker
0
Inbound Sales Manager
Just sell feet pictures like what COrp does to make money instead of crypto.
41
Members only

Which cryptos are you betting on in 2021? โ‚ฟ

Discussion
43
9

$90k deal In flux due to silly regulations

Question
12
12
Members only

Cutting Back on Spend Due to Pending Recession

Question
28