Falling down the crypto rabbit hole

Is it true what people are saying? Just buy bitcoin and sell it for stupid profits? Invest in no named crypto and become a millionaire? Coin base is the way to go for cashing out?

It's all so confusing. I started looking into cryptocurrency 3 hours ago and now I'm considering spending £200 on a meme currency. What the hell is going on. Where do I go from here?

I'm not going to make it \biz\. Help me please.

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no

Lurk more + be ready to lose money, most learn through trial and error.

before you put significant money into crypto you should learn how it works on a high level and how to store and use it properly. learn how mining works and the concepts behind basic cryptography jargon like hash functions and nonces. Read the fucking bitcoin whitepaper. don't leave too many coins on exchanges if you aren't actively trading. At the same time don't withdraw to a wallet if you aren't 100% confident you won't fuck up and lose your coins. That's why I'd advise against putting too much money in before really understanding what you're doing. Don't buy anything shilled on this board that isn't BTC/ETH/LINK until you really know what you're doing and do extensive research on your own.. The vast majority of shitcoins shilled on this board are absolute scams with zero liquidity. If you buy in you're getting dumped on. Remember that this is a new and highly unregulated market and if you get scammed there's usually zero recourse.It's a serious fucking rabbit hole though. I've literally been precisely on one date in over two years. If you're just tossing in 200 quid and it's not a lot of money for you then go for it. I bought my first .25 BTC in 2013 for around that much. Still haven't made it yet due to a number of factors that are mostly my fault but I'm still learning.

ignore this faggot just buy anything and get rich

just pretend buy and sell. dont actually do it but simulate by tracking what price you would buy/sell then calculate your progress over a month

How's the weather in Dhaka?

Just buy a little from Coinbase to understand it more.

£100 BTC, £100 Ethereum, then transfer them to a new wallet to see how that works.

If you are the potential after that, then put in more money. Just crypto isn't an investment, it's a new monetary paradigm.

Put your 200 britbongs into AKRO that’s like 30,000 AKRO right now

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I don't even know how wallets work bro's. I'n just some wageslave living in a country no one can find on a map. The only trading I have experience with is "buying low selling high" on team fortress 2 (LOL) and that went pretty good but I'm so in over my head on here.