/biz/ - Business & Finance

A kind anon on another forum pointed me here and told me to talk to you guys about cryptocurrencies. I'm hoping that maybe you can help get me started or point me in the right direction? I will say right out that I know absolutely nothing about them or how they work, I'm just trying to find a way to supplement my income.

To make a long story short, I am disabled and primarily homebound with several chronic illnesses. There is no cure or treatment nor is it terminal so this will be my life for the next 60+ years. I am expected to live on $700 a month and that is a fixed amount for the rest of my life except for increases in the cost of living some years which are a whopping 1-2%. I would like to find a way to make a little extra every month so there is enough to actually go around and well, live on. An extra $300 a month would be absolutely phenomenal for me. Even $200 would be great! I could do so much with that.

With all that said:
1. Is there someone that can explain how it works to me, or is there a stellar resource out there you used when you first started or would recommend for someone just getting into it, like another forum, a website, or even videos on it?
2. What are some things you wish you knew when you first started out but didn't discover until later?
3. What are some mistakes you made in the beginning?
4. It's been about a week now, but I believe he mentioned that I should ask specifically about uh, I think it was "BitcoinCash". He said that was the next big thing. Can anyone tell me a little about that and why it's "the next big thing"? What's so special about it?
5. Any other recommendations or advice you might have, or other rambling you'd like to do? Anything else you want to add?
6. Anon's advice to me in the screencap is way over my head. Is it legit good advice?

Please don't feel obligated to write essays or answer every single question if you're not up for it.

Thank you so much in advance!