Me too. I waited on ether back in the day for a dip after spiking and it finally happened so Im hoping that this will too.
It’s not coming back 70% like he mentioned. Waiting around has cost me a bigger share of the coin. Went ahead and bought some in the 300s ef it
That's why I said this, it's better to buy multiple times instead of only doing one or two investments where you endlessly hope for dips or corrections that may never happen. If you buy now and it dips in a couple of days or weeks, great for you and you can buy some more to average out the difference. But if it doesn't really dip or only does slightly, you lost multiple good entries.
Yea. I did that with bitcoin the last few weeks, so just said **** it and bought a modest amount of LTC. If it does at all I’ll double my investment. But I’m already up 50%, just covered my trucked note for 2 months lol.
If y’all are getting in during a pump, might be best to scale in to limit your exposure. Ie, if you have $5k you want to invest with, Buy in for $1k at the price if you expect/hope it dips. If it does, great, buy more — If not, at least you have a position in it to make some money. Going all-in with $5k and it dips will not feel so good.
When I first got into it, I was told to spread it out 70% BTC, 30% alt and a few cheap gambles. Unfortunately I did not do this with BTC and fell for a couple FUDs and FOMO's and the BCC trap. One thing ill suggest is to stay away from this list: https://coinmarketcap.com/tokens/ You might get 50%, or 100% or even 200% if you're really lucky, however tokens are not a good gamble long term over BTC.
70/30 ist roughly my split atm, agree with the notion. Regarding tokens, it isn't easy and there are a couple legit ones. Not sure why you'd say stay away from tokens and concentrate on coins, unless you're talking about only Bitcoin and extremely safe picks like Litecoin. There's a ridiculous amount of coins with nothing separating them from btc, ltc, XMR etc long-term, so 99.9% will die out as well. Not that much better than the token risk.
What’s bad about tokens again? Recognie several of my former investments on that list plus one current
Also got investments in some, I think he's talking about only investing in extremely safe coins, but not sure. The overall risk of tokens isn't worse than with coins imo, especially when the coin space is seeing thousands of btc clones.
Since you mentioned it, I am not implying any of the 'coins' category is a safer bet. There is plenty of garbage in that list too. 90% of the tokens are riding on the Etherium chain. Even though I am much more optimistic on Etherium than you are, its risky to bet on Etherium and the actual project. If Etherium goes belly up, none of those projects will transfer your shares onto a different platform.
Ah okay, see what you meant. I'm mainly staying away from ETH projects, plus I treat most alts as a way to increase money short-/mid-term instead of thinking they will still exist along with btc years from now.
That's the issue when there are so few exchanges available where you can straight up buy for $ with little hassle. Coinbase is always overpriced when it comes to the big 3.
Like $387 to $300. Like someone else was saying. If you have 5 LTC on Binance and 5 LTC on GDAX. Sell 5 on GDAX and then buy back on Binance then just reallocate between the two exchanges again right?
So what is the downside from buying at $300 from binance and then transferring it over to Coinbase? Fees?
