The instructions alone with all the links are crazily complex, let alone doing it. As it is now, I don't think that crypto is for those who aren't technically-inclined.
From one of the instructions from this site:
It's so ridiculously written that I can only laugh. And that's just ONE step of the crazily complicated process. There's no "just read this and follow its steps" if you have no idea what they're talking about.
Hardcore crypto believers all seem to think that it's simple. But that's because of how many hours they spent learning it. It's not simple at all for a regular person who doesn't want to spend their life trying to understand it and worrying that they took a wrong step. It's like a rocket scientist saying: "just follow these steps and you'll go straight to the moon."
Just to be clear, it's just my opinion as someone on the sidelines. I briefly considered investing in crypto, spending some time trying to learn it. I concluded I'd rather stick to stuff that's been around for hundreds of years. But I'm a conservative investor who prefers cashflowing investments.
I don't care if someone invests their entire life savings into it or not. Just pointing out a huge weakness most crypto investors overlook because of the huge curse of knowledge bias.
I can't help but chuckle to myself here.
So, you're on an entrepreneur forum where we literally chastize anyone who asks for a step-by-step so they can avoid using their brain – yet you're provided a step by step into a totally different financial system, and you scoff at it that it's "too hard"?
IDK, I guess I just expected more of you, especially since I know 65+ year old grandmas who are getting their feet wet buying crypto in small (and large) amounts and learning as they go.
But you want to know exactly how everything works up front, refuse to do the research and practical steps to learn, then laugh when a total paradigm shift is too hard for you. OK.
If you, or anyone, wants a dead simple step by step on how to get started, it's pretty F*cking simple:
- Buy a $59 Ledger Nano S.
- Buy $200 of BTC on Coinbase.
- Follow the 5 step instructions in the box of the Ledger Nano S that will tell you how to transfer from your Coinbase wallet to the ledger.
The argument that this is "too hard" goes right out the window when I know people who are retired and putting non-trivial sums of their 401k nest egg into Bitcoin by doing those three steps above.
I mean, I don't really care if you or anyone else does any of this. Just don't kick yourself saying "oh man, @Timmy C and @csalvato told me 10 years ago how to get involved and I just laughed at them"
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