I’ve got a close elderly family member who’s recently gotten fixated on investing in crypto, watching all the YouTube videos on the subject.
I don’t know enough about it to confidently say they’re going to lose all their money, I’ve never looked into it because it just screams get rich quick scheme, but I don’t have high hopes for them.
I don’t know enough about it to confidently say they’re going to lose all their money
It happened to my relative. They didn’t lose everything, but they lost enough that they’re shopping for a mobile home for retirement, when they previously could have bought a small house.
I might actually suggest this to that relative. They’re close to retirement and I believe are planning to put a percentage of their savings into BTC which has me apprehensive, but starting out with just $50 here and there to get a proper feel for it seems way less high stakes for learning.
Cryptocurrency and AI
I’ve got a close elderly family member who’s recently gotten fixated on investing in crypto, watching all the YouTube videos on the subject.
I don’t know enough about it to confidently say they’re going to lose all their money, I’ve never looked into it because it just screams get rich quick scheme, but I don’t have high hopes for them.
It happened to my relative. They didn’t lose everything, but they lost enough that they’re shopping for a mobile home for retirement, when they previously could have bought a small house.
I put $50 out of random paychecks into BTC.
It’s done pretty well and I’ve bought a few toys with the profits.
I might actually suggest this to that relative. They’re close to retirement and I believe are planning to put a percentage of their savings into BTC which has me apprehensive, but starting out with just $50 here and there to get a proper feel for it seems way less high stakes for learning.
Monero and LTC are pretty cool. I don’t care about the scam/meme coins. AI is also super useful if you’re using it correctly.
I like monero. Privacy is important and there really isn’t another way to pay online anonymously.
I wish there was an easier way to do it though and more places accepted it.
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Its super easy to exchange if you have another currency. I’m using eXch. No KYC and they have a 0.5% fee.
AI is cool
You can train a computer to play games or read lips or simulate evolution. You can make a computer identify drawings and then try to draw a random thing in a short time for the AI to try to guess