Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.
just buy bitcoin.
'Hello all crypto peoples.
Ive got a small amount of money that I'd like to try out investing/trading in crypto.
The thing is the 'getting in,' the place where you can use old-fashioned money to buy (any) crypto. The crypto is prolly Bitcoin. Maybe Ethereum. Maybe a number of others.
And that is as far as your investing might go: to secure and hold that Bitcoin (and likely cash out at the same place that you bought in).
But trading is a different critter. You will need to analyse cryptos; set up wallets for any you choose to buy a few of; learn the ropes of exchange security; and the actual business of trading. Keep popping back in here.
'The Great Reset might come down to central bank digital currencies versus the cryptocurrencies of the people — centralization versus decentralization.'
Bitcoin is probably your safest bet. If you want to spread your bets a bit I would probably go with maybe 50/50 Bitcoin and Ethereum
Early entry trading in all likelihood will eventuate in having your face ripped off.
Your competing against Bots & whales and timing swings is hazardous.
Dollar cost averaging in OZZIE_STACKER'S picks above is excellent advice & safer in a space that has a lot of Shit coins
Defi & Gaming are large growth areas.
There are analysts out there that do most of the hard work and feret out any new News as well as analyse new and existing Cryptocurrencies.
It can be overwhelming at first but you cant go too wrong investing in the 2 big boys pointed out by OZZIE_STACKER.
And beware, in this space everyone's an expert and regularly swing their dicks for comparison~Myself included, its human nature.
SPX trading at new all time high... how many mansions worth of capital has SilverSale lost in this trade?
I hope this position is using an instrument which limits your risk to further upside SilverSale.
This is why trading with some vague guesses based on chart lines and no stops / discipline makes for bad decisions. Right @wrcmad?
T/A is NOT trading with some vague guesses based on chart lines! That is a fail to you BB .
However, no stops / discipline makes for bad decisions. Absolutely imperative or you are a loser before you even begin! +1 for you @Bullion Baron.
I agree with that synopsis.
But a lot of vague guesses based on chart lines get posted to social media (including on SS). They are not T/A (at least not in any meaningful sense ).
Kind of like putting a bet on the horses and calling it investing
Which it is. As long as you are prepared to put some time and effort into it and keep accurate records.
'There are analysts out there that do most of the hard work and feret out any new News as well as analyse new and existing Cryptocurrencies.
It can be overwhelming at first . . . '
The Completely Other Model is to learn to pick established cryptos with nice 'plateau-ed' prices. The 'bottom side' is where community members say, 'Yeh, I'll buy a swag at this price because I'm sure enough that the price will pip up in a month or three or five.' You chart the prices for a coupla months. Establish what the 'undulation' is. Buy some 'on the bottom side.' Put 'em straight up to sell on the high side. Rinse and repeat.
This model works really well, but gets no attention because you can't shill it.
What? an example? Well, 42-coin. But heck, don't believe me. Check the charts. Another one? GRS. Or PPC
Some one should have answered your question:
each country is different
you gotta find a way to buy a small amount of Bitcoin -- might be at a newsagents'. Might be an ATM. Might be setting up an account with an exchange.
Then you gotta figure out the 'Electrum' wallet. Get it carefully backet up.
Then ask for more instructions
Let's all pray @SilverSale had a larger Bitcoin long than his SPX short!
I don't have a position either way in the general stock market, but I wouldn't be surprised if we see a blow off top in stocks over the coming couple of months, perhaps with reality of the economic situation weighing in after the inauguration in January.
Anyone want to hazard a guess on where this market is heading in the next month or so? Have a look at those volumes!! I can barely make out anything in 2017.
Have to say looking at that chart that @SilverSale made a pretty good call. His OP was on 23/12/19 and apart from the unforeseen pandemic which decimated every asset class and was entirely unpredictable, his call was pretty much the low of the past 12 months.
how long did the tulip mania last?
So early February 2021? Pretty similar to last time.
not really the same, nobody is talking about it and real institutional money has now entered. 2017 will be just a blip, ether will actually be the trade of the year.
I thought you were comparing it to Tulip Mania.
The institutional money is the key. There’s some massive volumes there.
Separate names with a comma.