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Crypto & NFTs

Swank.

By Swank.,
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Swank. Enthusiast

Swank.

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23 hours ago, EYECE said:

i got a couple racks on ETH, bought in around 2200. im just out here tryna make some extra bread im not too bright i dont understand the specifics behind the whole crypto operation. all i know is green candles good, red candles bad. sittin at 150% profits since buying in. holding till it surpasses $10,000. 

green and red candles are enough for this type of investment, pretty safe imo. i can see it's price only going up once eth 2.0 is released

𝙎𝙬𝙖𝙣𝙠𝙖𝙫𝙚𝙡𝙞

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  • 1 month later...
Jay Apprentice

Jay

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Mate, crypto  was the reason of 2 grey hairs poppin up on my head which always had beautiful dark brown hair.

 

But looking at it from start to beginning, they did change my life around. Made profits that are otherwise unheard of.

 

However, since the start of this year everytime I look at my crypto account it makes me cry.

 

Plus I started doing some futures trading and oh my god, the profits while I 'thought' I knew what I was doing were great. Then BOOM, one day logged in and was down £800 because I never noticed the alerts from my app cos I was playin TW. 800 might not sound like a lot, but when that 800 includes some of your initial investment you'll feel it lol. 

 

I want to get involved into NFTs but tbh I don't have a clue as to where I can read up on the NFT market to determine which ones to buy and go from there. So far in my experience it seems like certain NFTs just become really popular due to 1 person spending a ridiculous amount on one and the crowd just follows suit, lol. 

 

My mate bought a NFT which imo didn't really stand out or otherwise convey a certain aspect of art by the way it was designed. But he bought the 33rd one released for 300 dollars and sold it for 9k. 

 

Like...why or..how..I can understand profit and loss when trading crypto currencies and the driving factors that might influence the price. But NFTs...how or what causes certain ones to sell for ridiculous amounts?

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Norkuri Newbie

Norkuri

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Regarding your question, I think you should check out FBS. They've got some dope tools for tracking historical exchange rates, and I'm pretty sure you can set it up to use an accurate currency converter for your sales and payments in dollars and argentine pesos. The exchange rate can change like crazy, so it's definitely important to keep track of that. I hope this helps!

Edited by Norkuri
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NeonY2J Newbie

NeonY2J

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It's definitely an exciting space to be in, and I totally agree with you that cryptos have a future. However, I also agree that government regulations are inevitable, especially as cryptos become more mainstream. It's interesting to note that the IRS currently treats cryptos as property for tax purposes, but who knows how that might change in the future.

 

On another note, have you ever considered investing in forex? I recently came across a forex prop firm and it seems like an interesting opportunity. Just thought I'd mention it in case it's something you might be interested in exploring.

Edited by NeonY2J
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