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Other than baseless speculation, there doesn’t appear to be much rhyme or reason for its value, and the best way you can visualize it is a large school of minnows that suddenly change direction because the lead fish does.
I understand the desire for many to see the price rise, but the basics of it have not come close to panning out as what we were told years ago. The introduction of new cryptos without any actual worth just further confirms the ponzi-esque feel of it all.
That being said, I’ve bought some of them for fun myself, but don’t think I’d cash in my retirement accounts for them right now.
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https://www.google.com/amp/s/www.forbes.com/sites/irswatch/2021/04/28/banks-will-be-required-to-report-account-balances-account-outflows-and-inflows-to-irs-under-new-biden-plan/amp/
kind of like chinas social credit score..if you read too much fox news or breitbart, you will be deemed a nazi or some sort of wacko and your score will go down
Warning, it’s like a 600 page book and that’s probably more reading than most vitards have done in a lifetime 🤣
2nd Warning, it’s pretty scary how big of sham our current banking/monetary system is once you start putting the pieces together.
BUT..the same people who control the banking system want these currencys to be outlawed and they want to roll out their own currencys
the real solution to this is some sort of labor backed note, or an indexed dollar based on labor/gold/silver/oil etc
Cole seems to be doing anything and everything he can to avoid getting a real job. I don’t blame him. I actually hope eventually something “hits” for him and he can continue to live a healthy and happy life on his own terms.
The dude seems to have a lot of fun.
I do know that there are sources provided in the book I referenced.
Hell thanks to investing in polkadot and getting out at the right time that paid for a brand new 2021 yz 250 earlier this year. Turned 2k into 9k in a matter of months.
Pit Row
He is not a celebrity. He is not a major social media presence, although that is clearly his goal. His most significant standing from a marketing standpoint is still just as a former top-level (but not elite) pro athlete from a niche sport.
Cole probably is something of a big-shot inside a bubble of Bro-Cal... But would you buy crypto from a guy whose branding is that he used to be the 7th best frisbee golfer?
SERIOUSLY:
But actually, setting aside a small amount of money to invest in crypto is not a bad choice these days. Because the US debt is in the trillions and the dollar will not be worth shit and the stock market is looking to correct or crash for a while again, a lot of large firm investor moving large portions to crypto.
For beginner, my advice is setup at minimum a coinbase wallet at https://www.coinbase.com/ then just setup a schedule purchase at least "ETH" say $20-50 week. "ETH" is about to switch to "proof of stake" end of this year which will create some movement. This will also give you a wallet address to receive or pay in crypto. Set it and forget for a year and we will see what happens. The predictions are optimistic, but experts say "ETH" could pop like BITCOIN or more. Also as you purchase, they are good about providing information and educating you as you go to learn more about crypto and where it falls into the economy and the future. I like the fact they vetted my identity as well before allowing me to do any transactions.
Beginner warning.. as mention earlier in thread, crypto like DOGE and smaller known cryptos are highly volatile. I recommend ETH as it's the most popular right now with investor, and in the investors community opinion, the one to purchase right now in 2021. Keep in mind you can purchase a percentage of 1 coin. So don't be intimidated to buy small chunks of BIT or ETH as 1 coin cost in the thousands. .
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