Phenomenal time to get into cryptocurrency

[LordFall]

It's a great period to get into the crypto market. The genius act and clarity act just passed the house and will most likely be signed into law this/next week.

I would argue that it is a legitimate get rich quick scheme and one of the only ones out there. The Crypto market cap is at 3.8 Trillion at the time of me writing this and it even reaching 5 Trillion is an insane amount of money flowing down the industry. I think its gonna be pretty much at 15 trillion by 2030. It's definitely not guaranteed and your money can go to $0, be prepared for that and do your own research but the fundamentals are solid.

US banks and investment giants like Blackrock, Goldman Sachs, Fidelity, etc are building crypto positions so the market is in a completely different spot than a few years ago where internet nerds was the only thing giving it value. 

Theres many hundreds of hours that you can put into researching cryptocurrencies and bitcoin. I would recommend the first 9 episodes of the What is Money show by Robert Breedlove & Michael Saylor. Explains the fundamental value proposition of Bitcoin and its potential: 

Theres also great books by Saifedean Ammous, first of one being the Bitcoin Standard. I listened to half of the sequel, the FIAT standard and it really opened my eyes to the concept of money. 

The main concept of Bitcoin is getting rid of sneaky inflation through money printing. 

“If a prince wants to keep up a reputation for being generous…such a prince will always use up all his resources in such displays and will be eventually obliged, if he wishes to maintain his reputation for generosity, to burden the people with excessive taxes and to do all those things one does to procure money. This will begin to make him hateful to his subjects and, if he becomes impoverished, he will be held in low regard by everyone.”
— The Prince, Chapter XVI 

In the Prince Machiavelli warns that raising taxes is the top enemy of a ruler. FIAT money solved that problem by making the process invisible to the population. 

We can flesh out more different projects in the comments, I'm more of a speculator and I heavily believe in altcoins right now. The safest bet is starting by buying some Bitcoin & Ethereum and getting comfortable with the industry. I think avoiding it altogether is gonna be a crucial mistake over the next 10 years, especially as AI/AI agents expand the size of the economy and you really start to feel the inefficiency in your capital strategy and buying power. 

It's a complicated industry, I'd say I have around 300 hours of research in Finance/Crypto these past 2 years and I'm still learning stuff daily that blows my mind. Agentic Finance is my next area of study, I think the potential of that niche is disgusting. 

Edited July 17 by LordFall

[Hojo]

I have never heard of a time when someone said it wasnt a good time to get into crypto. I dont trust it I think the big institutions will take over the whole thing, bitcoin will become black rock coin like trump had his own coin where he owns 80 percent of it. There is 0 good reason why a president would be devaluing his own countries dollar and promoting a different currency away from USD. Bitcoin will have the biggest rug pull in history.

Edited July 24 by Hojo

[Dodo]

Stop with all speculations and making up stories. 

Its a buy and hold, no need to look, no need to drama. 

The chart shows strong bullish potential and thats what is and has been happening for a while. I dont see it ending soon. Some of my analysis far from completion. 

Blackrock whatever,, if they sell they have a headache when to buy. If they dont sell, they have anothrr headache while price drops. 

 

This place is decentralized, meaning its not controlled by a singular central entity. Its not Blackrockcoin. Relax. Just read the chart, know chaos, and play. At this time i recommend buying and NOT looking.

You should not rely on crypto profits to pay rent. You should just have it in the side as a painting you want to have, just to have it, for no other reason. 

If you dont plan to long term hold, dont even.. if u want to make some profits there are better ways on things which are easier to buy and sell. Crypto should be a hold if you learned your lessons from the past. 

Edited Monday at 10:28 AM by Dodo

[Alfonsoo]

What difference is there between straight up buying crypto or other tied assets like crypto ETFs? (eg. MSTR, STRC, ARKB…) 

I know for companies/politicians and such is difficult or maybe illegal or value fluctuations/liquidity problems to directly hold crypto but for a regular human, why choose one or the other?