Might be small potatoes but I just wanted to get my feet wet and feel everything out. Bought 2 LTC earlier today when it was a little below $250
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Nice! That a good start! Hopefully they go back up to 300$ -350$
Yeah definitely! I will probably invest more over time. I’ll mitigate my risk by taking my time and only investing a little disposable income each month and have fun seeing how it goes. Low stress and not too worried about needing to drop a lot of money at once just because I’m trying to get in at the right time.
Just my take on it for now.
Thats an awesome strategy! Low stress is the way to go!
I wish you the best!
Just so everyone knows, you can buy a fraction of any coin. For example, if Litecoin is $300 and you only have $100 to invest, you’ll end up with .33 Litecoin.
It’s not based on having a full anything. It’s only based on percentages. If it goes up 100%, then you receive a 100% return. So many people do not understand these things.
Anyways, I think there are a few good cryptos. I’ve gone through 100s of them and have my money in only a few of them.
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Ethereum (Foundation for many coins. Safe bet. Will continue to grow, IMO)
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Ripple (Banks, money movement)
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Litecoin (Solid currency. If Bitcoin is gold, Litecoin is silver).
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RaiBlocks (rebranding to Nano and being added to Binance in the next week.
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Modum (Pharmaceutical temperature/shipments/plans to expand to food).
Those are my main ones. I threw a small amount at Ethos and Airswap. Essentially they are decentralized exchanges. If they succeed in their game plan, they will be big. However, these two are extremely high risk and high reward.
Thoughts?
It is a very strong coin, the team is Massive and they have been working on building their own blockchain from scratch for over 2 years now. They are one of the few coins who actually have a working product and already alot of partnerships, the point that their mainnet launch right after the ban is a signal to me they are Well aware of what is going on with the government and probably work closely Together. Iv been holding since 11cents and ill keep holding for a long time iTS one of those rare coins that has the technological know how, the partnerships and the People to back this and it actually tries fixing the existing problem of blockchain interoperability. I am glad you are holding but iTS not an actual shitcoin or just an amazing idea on paper(trex,ada), iTS the real deal!!
Yeah I definitely wouldn’t label it as a shitcoin, and if any alt has a promising future its this. I just can’t be confident yet that it hasn’t been subjected to massive market manipulation or whether it will be in the future. I’m very excited to see what the next month brings for this coin. I wish I bought at ICO.
I understand you, its difficult to Hodl this coin when my portfolio is rising to numbers I never even was close to in my life, there Will be Some manipulation by whales But in the end my belief in the coin is what keeps me convinced this is worth holding.
Cryptocurrency markets are tanking after news of shutdown in South Korea
It’s not shutting down in South Korea. Bitcoin is down 1,174 right now but that just means its prob a decent time to buy once people hear about this. twitter.com/iamjosephyoung?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
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It is the yearly “collapse” so to speak. Chinese new year etc. it Will rise again.
phenomenal time to buy if you have any liquid cash on hand. otherwise, HODL…or just sell if you are brave~
Where’s the other thread about crypto where I wanted to invest 20k into something and many here recommended ethereum?
Also the first futures contracts on bitcoin are ending today Or in the next couple of days, so I think bitcoin Will move again soon (and alts Will follow).
Ethereum is very solid but if I would invest 20k I would try to diversify a bit more to have balance in my portfolio. Plus ethereum just had a Massive rise in price, so I think theres better options, take neo now for example there were a bunch of ICO’s last week that ran on the neo blockchain and the price skyrocketed on neo ( almost all ICO’s got sold out under 15 minuts which is crazy). Exactly what happened with ethereum last year. If you find undervalued blockchains that are working and trying to solve a problem or improve existing infrastructures with their dapps, thats where the true value of this technology is.
I hope nobody was involved with Bitconnect… the biggest crypto ponzi scheme has finally collapsed.
I thought they would of kept it going for a few more months to cash in on the extra income from bitconnectx ico sales, no one will be buying more now.
I was able to buy some more when it dropped as low as I saw today (I missed the lowest dip though).
Remember that the IRS needs a cut off your profits.
I only have satoshis.