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Am I being memed? Help a neophytic nigger out. I'm an American

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Thread replies: 19
Thread images: 2

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Am I being memed?
Help a neophytic nigger out.
I'm an American and want to buy some alt-coins, particularly Trump and Putin.
From my research, I have to go through various sites to even try to buy the shit.

Can someone be so kind as to tell me what the fuck I'm supposed to be doing?
>>
please respond, I'm going to be rich.
>>
If you have BTC (though I'm assuming you don't), transfer them over to an exchange which trades with these coins.

Buy TRUMP on c-cex with BTC.

Buy PUTIN on yobit or novaexchange.

If you don't have BTC, you have to selfie yourself and buy them at coinbase.
>>
>>1739908
selfie yourself? please explain
>>
>>1739880
Buy dodgecoin
>>
>>1739928
spike pls
>>
>>1739908
Is it true that Trumpcoin and Putincoin is based on Bitcoin?
By that, I mean, if Bitcoin falls, is it independent of alt coins?
>>
>>1739967
you have no idea how this whole thing works, don't invest until you've read more about it
>>
>>1739995
listen to this

>>1739967
they are independent but not at the same time
>>
>>1739995
>>1740001
I've been keeping up with it for about 3 years.

The alt coin thing is throwing me off. I understand that alt coins are separate. However, I do not understand whether alt-coins are directly influenced by Bitcoin.
>>
>>1740055
Yes, they are.

You fucking faggots are delusional if you think this alt-coin train is going to last.
>>
>>1740857
COPE
O
P
E
>>
>>1740885
Listen, Billy, it's extremely volatile; and if you think the governments and central banks are going to let crypto-currency that sleazebags use to trade drugs, porn and stolen credit card information propagate in the free market and rise to astronomical levels--not to mention in statute of serious competition of fiats--you're fucking coping.
>>
>>1740914
COPE HARDER BILLY
>>
>>1740914
as long as it takes them a few years to care its gucci
>>
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oh no its locked.jpg
45KB, 672x857px
>>1739861
>Can someone be so kind as to tell me what the fuck I'm supposed to be doing?
>buying some alt-coins, particularly Trump and Putin.
>>
>>1740997
I've maxed my limit on coinbase.
Any thoughts?
>>
>>1740986
It's not a mechanism, it's a reality.
>>
>>1739967

>Is it true that Trumpcoin and Putincoin is based on Bitcoin?

No.

Say Bitcoin is 100$, say you buy an Altcoin for 0.001 BTC each and you buy 1000 units.

You now have 1000 Altcoins (worth 1 BTC).

Following three scenarios:

BTC USD exchange rate become 120 $, your Altcoin BTC stays the same, you still have 1 BTC worth of Altcoin, however if you sold out you have gained 20$ because BTC increased.

BTC USD exchange rate stays the same, but the Altcoin BTC exchange rate changes, it is now 0.0012 per Altcoin, meaning you have a total of 1.2 BTC equivalent (since you have 1000 Altcoins). If you sell out now, you gain 20$ because the Altcoin grew in value.

Now mix and match and don't forget the exchange rates can go lower which may net you a loss. If BTC increases in value faster than your Altcoin, you may still make a profit (same goes for the inverse, however it is very unlikely you will walk away with anything if BTC drops and your Altcoin increases).

Hope that helped.
Thread posts: 19
Thread images: 2


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