GQ Community please explain crypto to me

For a long time I looked at the crypto market and saw nothing but a digital casino.

Between the 10,000% "to the moon" pumps and the endless sea of meme coins, it’s hard not to feel like the whole thing is just a giant game of bulls***.

I’ve spent the last few weeks watching YouTube videos and I have to admit that the Bitcoin ecosystem is an absolute masterpiece. Seeing it explained as a decentralized, self-sustaining machine changed my perspective from " bulls*** " to "speculative innovation."

Very good videos:

https://www.youtube.com/watch?v=vclZlAFXpEI

https://www.youtube.com/watch?v=-D3ChoNtlX8

Please recommend more!

My Current Setup (Noob)

I’ve decided to start small. A low allocation just to start playing the game. Currently, I’m running a 90/10 split: (100€ monthly)

90% Bitcoin ($BTC (-0,28 %)): It’s the king for a reason I guess.
10% Binance Coin ($BNB (-0,04 %)): Just because of the 25% discount on trading fees on binance and it is too good to ignore.

I’m fully aware I’m still "uneducated" in this space. I love the idea of decentralized tokens, but I’m struggling to understand the utility of other altcoins without them feeling like a roll of the dice.

Is a 90/10 BTC/BNB split too "safe," or is it the smartest way to start?

Are there other "beautiful machines" (actual utility projects) I should look into that are not just hype and noise? Because when I look at $ETH (-0,15 %) for example isn't it just Bitcoin but worst?

The 100€ montlhy deposit on binance is all automated but is it the best? I transfer to binance and then it auto converts 25€ each week to btc and bnb. I feel that I am paying more in spread for than I usually pay on spot trading for some reason. Please help

$BTC (-0,28 %) , $ETH (-0,15 %) , $SOL (-0,53 %) , $USDT (-0 %) , $USDC (+0,71 %) , $XRP (+0,09 %) , $AVAX (+5,26 %) , $BNB (-0,04 %) , $ADA (-0,44 %) , $SHIB (-0,91 %) , $DOT (-1,49 %) , $DOGE (-0,28 %) , $LUNA (-3,05 %) , $ASML (+2,98 %) , $NVDA (-4,24 %) , $NVO (+4,29 %) , $NOVO B (+4,52 %) , $V (-1,76 %) , $PLTR (+2,45 %) , $MSFT (-1,09 %) , $NFLX (+2,05 %) , $IREN (+5,67 %) , $NBIS (-0,89 %) , $DAPP (+4,7 %) , $CIFR (+4,99 %) , $DUOL , $MCD (+0,74 %) , $MA (-4,93 %) , $MARA (+12,2 %) , $SE (+1,54 %) , $OSCR (+2,87 %) , $UNH (-0,1 %) , $CRM (+0,33 %) , $NOW (+2,69 %)

#Crypto
#Bitcoin
#Investing
#Beginner
#BNB
#PortfolioStrategy

aang@aang

1Mo

Only $BTC, thank me later

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Ioannis N.@Ioannisnk

@aang I will in a couple of years hopefully 🙏

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Marvin.22b@Marvin22b

maybe also ETH at 1500 $

Snoxi@Snoxi

if you want to start and learn do it with btc. ETH, SOL, XRP, LTC are also interesting candidates but besides that 90% of the crypto markt is meme or pumped coins. keep your hands of this side of the coin. you made a good start

NichtRelevant@NichtRelevant

'...and saw nothing but a digital casino.'

I think for the most part it IS nothig but a digital casino where everybody tries to get rich quickly. Esentially many of those other coins try to sell the story that they are a new Bitcoin and that you will now have the chance to enter early and experience the story which early Bitcoin investors did.

Personally I think that most of Krypo will dissapear. Bitcoin will stay - maybe a few others, but it will be a handful which will stay longterm not dozens.

GQ Community - please explain crypto to me