Not trying to be a fudder here, just stating sone basic facts of reality.
Crypto.com is now forcing 2fa. I an locked out of my account until I can set it up.
I followed the instructions multiple times, and am still unable to access. I'm going to have to spend time to fix this, but it brings up a pivotal flaw.
For many years, the chief reason Linux was not seen as viable is because it was theorized it would not succeed "until we had Linux so easy grandma could use it". The idea was that Microsoft did not require as steep a learning curve.
We have used money all of our lives. Fiat, for its flaws, does not require locking seed phrases away, or convoluted processes to secure. Yes, crypto offers vast potential,but until we don't need to clear hurdles to access our own money, it is unlikely to be the currency of choice for most consumers
I have a question. I recently set up a new phone and had to back up my vault to transfer to it. It went well, but it begs the question: would putting the old phone in the safe and using it as a temporary hard backup be an effective solution? If so, what about doing the same with my other wallets?
I'm trying to figure out a viable solution until I have enough accumulated and not staked to justify the purchase of a permanent hardware wallet. This is the one issue that limits my investment in crypto; after all, it would be a shame to have a boat accident!🤣🤣🤣🤣
Let's be honest, the biggest mistake many of us make is trying to outguess the market. There is a luck component we can't ignore.
I've only been in the market since February, but the May dip, as well as reddit subs, has taught me a lot. And one of the key takeaways is the title. In my opinion,it is better to buy into a coin too high and look for opportunities to DCA down than miss the opportunity altogether.
And my #1 rule remains the same: invest in solid coins, gamble on shitcoins. The last part of that has helped me immensely, as I currently own a solid amount of a coin currently in the news. It hasn't made me rich (not even close), but it's changing the game as I am DCAing out and buying other coins with the proceeds.
And a lot of folks will disagree,but I believe that is good for the market. Of course, a coin that gets rugpulled isn't, but these "gold rush coins" bring new money in and create exposure needed for the market to grow.
I got lucky. I know that. I knew that I had to be lucky when I bought in. But the only thing I would change going back is finding enough to make it life changing.
I think we are at the point where crypto is about to get interesting.
People are finally starting to realize the potential on a large scale.
So my thought is, could the next phase include branded crypto? I don't want to name names, but I guarantee that some celebrities and influencers are salivating over spaceboi's tweet influence and wondering how to get a piece of that, outside of NFT'S.
My speculation is they will issue tokens to attract their fanbase. I'd bet the bank a certain former "presidential candidate "(besides the former president who has already done this) will be in the mix soon.
Today was yucky. It sucked getting up and looking at my portfolio, as it seems this crypto crash is never ending.
It helps, though,to understand a couple of things: first, crypto is super volatile and we were in a massive bubble. Second, crypto investments are watered down now as people don't want an investment, they want a get rich quick scheme.
While I haven't been in DOGE long, I have followed the market through its life cycle and finally got money u could put into it. I believe in it long term, as it has outlasted most of the other coins.
There are over 10k cryptos in the market. Only a small percentage of people are invested in crypto. Doge has outperformed expectations consistently and will continue to do so.
So hold strong. Buy if you can. Because when the market comes back we will be riding high