Hey /biz/, this is my first time being to this board. My friend told me about this place and told me to try getting into cryptocurrencies. I don't know a single thing about cryptocurrencies, what they are, how they operate. Could any of you help with some advice on how they work and how I would go about buying/acquiring them?
>pic unrelated
>another fucking normie
GET THE FUCK OUT
THIS BOARD IS FOR LOSER NEETS/WAGEKEKS TURNED INTO FUTURE CRYPTOMILLIONARES
REEEEEEEEEEEEEEEE
>>2154507
Go to Coinbase.
Buy BTC or ETH.
Go to Poloniex or Bittrix.
Go and find your BTC or ETH address.
Send your BTC or ETH coins to there.
Buy random shit with BTC or ETH coins.
I'd recommend just buying ETH and holding it.
>>2154516
>Me
>A normie
I just dont know how cryptos work bro. I don't want to have to depend on (((their))) money anymore
>>2154521
>have to submit photo ID for Coinbase/Gemini
I don't like this one bit, lad.
Brando?
>>2154580
> pretending not to be a normie
>ifunny.com
>>2154650
In sorry my pics arent up to your standards, this one better?
>>2154507
Was your friend a deported spic or something?
>>2154507
>My friend told me about this place and told me to try getting into cryptocurrencies.
It's not. Rule of thumb is that if you see a particular crypto coin being "shilled" (like you see the same crypto being spammed in multiple threads) then it's about to drop in value.
As I understand it how cryptos actually work is they are decentralized (and therefore very inefficient, but still very useful) catalogs of 'transactions'. Most cryptos are effectively the same, there are a few which have some specific differences, like I think Litecoin processes said 'transactions' faster than Bitcoin.
Ethereum is really a network which supposedly you can use to run computer programs on, it has a currency "Ether" which can be traded for calculations/processing time. It was designed so you can trade Ethers for Bitcoin and not to replace bitcoin.
Monero is supposedly super private which makes it quite attractive for darkweb.
Always remember that unlike shares or bonds Cryptos are not backed by any tangible assets and their value is ephemeral and based on whatever the market values them at, anyone talking about "roadmaps" and "technology" is basically selling you on a possibility... what you need to look at is what is the currency doing now, and how stable is it.
Yes you can make a lot of money in cryptos, but you can lose it very quickly, and make it back. It's not quite gambling if you're smart but don't think you're particularly smart if you make 100% gains in one week.
>>2154521
This is how you buy them
>>2154521
>tfw coinbase wont accenpt any of my credit cards for some fucking reason and now I have to wait 24 hours to even try again.
>>2154580
>normie
>ifunny
>unaware /pol/tard
>can't lurk for shit
A newfag in every sense of the word.
Don't worry though, you've got tons of company here already, unfortunately.
okay - how do you pull out the funds into real dollars? any concrete evidence of someone building an empire off these gains?
>>2154516
>not wanting people to join your ponzi scheme