[QUOTE=Harbie;52971981]Save up a good amount, put 95% into the stock/bond market. Then spend what's left goofing off with crypto.
Please don't put all your savings into crypto.[/QUOTE]
why's that?
[QUOTE=SIRIUS;52972114]why's that?[/QUOTE]
Because (at least in North America) "real" investment portfolios and bonds are seen as more "secure". Rightfully so, given that those things are far less likely to implode overnight vs crypto, and they have an established track record.
You [I]can[/I] put all your savings in crypto, but because it's a somewhat risky investment, you could loose your money.
If you wanna buy some bitcoin, (or Etherium or litecoin) and you're Canadian (and iirc you are) [URL="https://www.quadrigacx.com/?ref=hwvyhqe50rtw1wrglfmfpx0o"]Quadriga[/URL] is your best bet. Like any currency exchange, they'll ask for your ID and stuff. After that, you can fund your Quadriga account using Interac e-Transfer.
because of this dumb bitcoin shit my 63,000 dogecoins i mined myself is now 218$ if i sold it all right now (was like 10$ last month)
this currency system is stupid
Sold my .2 of a bitcoin back when they were worth 200$ each
Today:
[img]https://i.imgur.com/dYzHzCC.jpg[/img]
:worried: Let's do this.
1 litecoin is worth 340??
[QUOTE=SIRIUS;52972254]1 litecoin is worth 340??[/QUOTE]
Yup, it shot up the past few days.
[IMG]https://i.imgur.com/Qt6StGZ.png[/IMG]
[QUOTE=SIRIUS;52972114]why's that?[/QUOTE]
Half of the issue with crypto isn't even it's potential to crash.
It has more to do with how easy it is to get hacked. If you keep your currency in an exchange, you have to live with the possibility you'll wake up with it all gone because of some flaw in their security. This has happened multiple times in the past to major exchanges. They are extremely high value targets.
There are multiple ways you can lose all of your shit if you don't know what you're doing. Get a hardware wallet if you're going to be putting any sizable amount of money into it.
And don't invest recklessly. If you're putting any significant amount of money into something solely because the news section of a video game forum told you too you're probably doing something wrong. Read up on Index Funds/ETFs/crypto if you haven't already.
Isn't it possible to buy some, have it rise a bit and just sell it for a bit of extra cash?
Join cryptocurrency club, we've got:
Investors speculating on currencies they think everyone will want to spend, but won't spend themselves.
Decentralized currencies that only ever have value due to central exchanges (except when purchasing illegal goods)
Investors that earn money not by the success of a product, but the success in convincing another investor to raise the price for them; both hoping that the result is stabilization.
Banking and exchange providers that have no incentives to protect your currency, and no disincentives to steal it.
A meme dog worth $400 million USD.
No guys, the next big thing is Tulips. BUY TULIPS!
I remember some people shilling bitcoin on the battlefield heroes forums to pay the games microtransactions back in 2010.
fug
So which site should I use if I am interested in alternative crypto
I don't mind spending a bit. But not bitcoin
I have:
200 Eur worth of BTC,
80 Eur worth of ETH,
and 60 Eur worth of LTC.
I am thinking - would it be better to go aggressive and exchange all BTC into ETH or LTC?
Or am I better off just coasting/waiting for now?
I think you should all do some reading about where you're putting your cash instead of chasing prices. LTC has been around as long as I can remember and it seems this price jump is purely people FOMOing BTC, it's crap compared to other alts that do it's job better.
Ethereum, Stellar, STRAT, XRP, Monero etc etc, good looking alts read about them.
Invest in something with good tech and a good team behind it, not something getting pumped to shit purely by the hype this past week. I would hold some BTC just for long term but for it's intended purpose, it's functionally useless. It's only still around because it's the grand daddy of them all and everyone knows what it is.
If you present me a crypto that actually does something useful with the mining calculations I am all in.
[editline]13th December 2017[/editline]
[QUOTE=silentjubjub;52972242]Sold my .2 of a bitcoin back when they were worth 200$ each
Today:
[img]https://i.imgur.com/dYzHzCC.jpg[/img]
:worried: Let's do this.[/QUOTE]
Arrives in 8 days, what is this sorcery?
[QUOTE=Harbie;52971981]Save up a good amount, put 95% into the stock/bond market. Then spend what's left goofing off with crypto.
Please don't put all your savings into crypto.[/QUOTE]
Recall a story of that Dutch family that sold everything to invest in Bitcoins. That was early November/Late October. Wonder how well off they are now.
[editline]13th December 2017[/editline]
[QUOTE=Killuah;52972417]If you present me a crypto that actually does something useful with the mining calculations I am all in.[/QUOTE]
[url]https://curecoin.net[/url]
Should we have a crypto general thread? Interest's exploded over the last few weeks.
I'm slowly selling my Bitcoin to buy alts which look promising. Bitcoin better not surge again or I'll hate myself
Last call for the ethereum train. Speculation is at 3k sometime next year.
[QUOTE=Killuah;52972417]If you present me a crypto that actually does something useful with the mining calculations I am all in.[/QUOTE]
[url]http://www.gridcoin.us/[/url]
[QUOTE=reedbo;52972959]Last call for the ethereum train. Speculation is at 3k sometime next year.[/QUOTE]
How do you know? And how do people predict it?
[QUOTE=arleitiss;52972993]How do you know? And how do people predict it?[/QUOTE]
🤷🤷🤷
[I]Apparently[/I] there's patterns that can be used to forecast this kinda stuff. That, and some big event (miner reward changes, some big update) could drive the value up.
[IMG]https://s-media-cache-ak0.pinimg.com/originals/c6/7f/17/c67f17db07591fc820b01aff267b9b35.jpg[/IMG]
[editline]13th December 2017[/editline]
I honestly don't understand any of this, lol. The only thing I can "recommend" is "hold it and forget it".
[QUOTE=arleitiss;52972993]How do you know? And how do people predict it?[/QUOTE]
It's just speculation, there is no accurate way to predict price. But I can say that there is a lot of big money investing into eth, the technology is life changing and the market cap is steadily going up. I honestly think ethereum is undervalued by a lot.
[editline]13th December 2017[/editline]
[QUOTE=LegoGuy;52973009]🤷🤷🤷
[I]Apparently[/I] there's patterns that can be used to forecast this kinda stuff. That, and some big event (miner reward changes, some big update) could drive the value up.
[IMG]https://s-media-cache-ak0.pinimg.com/originals/c6/7f/17/c67f17db07591fc820b01aff267b9b35.jpg[/IMG]
[editline]13th December 2017[/editline]
I honestly don't understand any of this, lol. The only thing I can "recommend" is "hold it and forget it".[/QUOTE]
That's your standard technical analysis. It's based on traditional fiat markets and has some overlap with crypto trading. The biggest thing to look out for is that these indicators are just that, they'll indicate when the price is shifting and give you opportunities to cut losses and make profits. Honestly a lot of TA is used by day traders and it's a lot like tarot cards. If you want to invest I would suggest doing a lot of reading and when you're ready put some fiat in and then forget about your coins for a few years.
You can never predict price - otherwise you'd dominate the market. What you can do is use technical analysis to figure out better entry and exit points into the market - Fibonacci sequence, long term versus short term moving averages, et cetera. And as a bonus if you learn TA you can be a decent stock investor too, since none of those indicators or data points are specific to cryptocurrencies.
[QUOTE=Protocol7;52973039]And as a bonus if you learn TA you can be a decent stock investor too, since none of those indicators or data points are specific to cryptocurrencies.[/QUOTE]
Don't try and analyze stock prices. Just buy an index fund. >75% of investment firms can't beat the market even when they have dozens of people working full time trying to do just that. You're probably not going to beat them by spending 30 minutes a day on investment research/analysis
[QUOTE=Harbie;52973075]Don't try and analyze stock prices. Just buy an index fund. >75% of investment firms can't beat the market even when they have dozens of people working full time trying to do just that. You're probably not going to beat them by spending 30 minutes a day on investment research/analysis[/QUOTE]
Depends on how much excitement you want. Rule #1 is you should never invest what you aren't willing to lose, so you are certainly free to do passive investing like index funds, but active investing and day trading are pretty damn exciting when you get into the groove.
Besides if you are going to be doing serious day trading, that's a 9-5 job anyway. I know plenty of people who make a living just by watching stock markets and they have an average ROI of 5%.
[QUOTE=Protocol7;52973080]Depends on how much excitement you want. Rule #1 is you should never invest what you aren't willing to lose, so you are certainly free to do passive investing like index funds, but active investing and day trading are pretty damn exciting when you get into the groove.
Besides if you are going to be doing serious day trading, that's a 9-5 job anyway. I know plenty of people who make a living just by watching stock markets and they have an average ROI of 5%.[/QUOTE]
Isn't 5% ROI more or less the same as what index funds return anyway?
[QUOTE=Splash Attack;52973089]Isn't 5% ROI more or less the same as what index funds return anyway?[/QUOTE]
Pretty much, some years will go above, some below. But if you average it all out it will come to [URL="https://www.thesimpledollar.com/where-does-7-come-from-when-it-comes-to-long-term-stock-returns/"]around that[/URL].
[QUOTE=reedbo;52972959]Last call for the ethereum train. Speculation is at 3k sometime next year.[/QUOTE]
Btw if anyone is looking to speculate on cryptocoins try to avoid people like this who are just trying to get you to jump off the bridge with them.
[QUOTE=Splash Attack;52973089]Isn't 5% ROI more or less the same as what index funds return anyway?[/QUOTE]
Well sure, I'm not saying index funds aren't good or anything, just that if you like to spice up things daytrading is totally doable with stocks.
But might as well do it for crypto for 50% gains instead.
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