Ok, calling all the crypto people to help, I know nothing. Looking at my stupid robinhood app, that I have like one share of Ford in that I forgot about a few years ago, and looking at Monaco and crypto.com as an alternative, any thoughts on where to start (like, $500 investment maybe, that's -all- I can really afford to risk on anything, so not going much higher). @freemo ? Anyone?
@freemo Had a binance account once, they don't seem to do dogecoin, seems I still have around 1 USD balance in random fractions of junk. I'm really kinda just looking at everything and could use a little focus or guidance.
@Atlas_Khan @freemo

I did a thing, hope it wasn't stupid.

"Use my referral link https://crypto.com/app/odwgd7vbu8 to sign up for Crypto.com and we both get $25 USD"

@Coyote
You asking what coins to buy? Ethereum is your safer bet short term, cardano is a bit more long term but will likely get moer reward and more risk, ethereum tokens would be the other route to go. Avoid BTC and I wouldnt risk it on things like Goge.

@Atlas_Khan

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@yellowbeard

Ethereum is actually a bit better in the short term as they have a head start and ADA doesnt have the ecosystem ETH has just yet.. but ADA is intentionally moving slow so they can do it right rather than fast. They are planning many of the same features as ETH but with none of the issues and lock-in to those issues ETH currently has. ETH is the best only because no one else is really doing smart contracts (a few are but not seriously).. but ETH is a mess both in terms of the language that governs smart contracts and under the hood.

ETH fixed and improved on BTC and will take them over, and ADA is fixing and improving on ETH and will likewise take them over long run.

@Atlas_Khan @Coyote

@freemo @Atlas_Khan @Coyote I understand that part of what you're saying, but why? What's inherently better about Cardano? I'm not looking to argue, just genuinely curious.

@yellowbeard

I dont take it as an argument.

So few things.. its proof-of-stake from the onset which allowed them to design a more efficient proof of stake system than one hacked on top of proof of work. So this means lower fees and faster transactions.

It also has tokens as a core idea rather than an after-thought, meaning they work the same as the core crypto unlike with ethereum (you have to wrap ethereum in a token which is costly), so much less gas cost there too.

In fact youll find MOST of what makes it better is they arent trying to fix things after, which is hard because they have to maintain backwards compability so many things can be fixed. Ada however planned all this out from he beginning and is trying to do it right the first time. So you dont have these sort of problems where earlier versions stop you from fixing later design changes to work well and efficient.

In the end Ada will scale far better than ETH, be faster, and the language youw rite smart contracts in will, I am sure, look much cleaner and be better to work in from an aesthetic perspective too.

@Atlas_Khan @Coyote

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