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Is it now or never?

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ilank14
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kimchi
kimchi
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Tue Oct 05, 2021 11:50 am
It feels like it's now or never to get into holding a bit of crypto to me, any thoughts?

I still find the whole thing rather overwhelming, I'll have to re-read the posts on here...

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WeeBear
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Tue Oct 05, 2021 10:42 pm
im the same Kimchi, it makes my brain want to explode Laughing

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AceBullion
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Wed Oct 06, 2021 7:39 am
I can not offer any advice.  The company I used iz not suitable for this. 
Just look at the fees!

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dingy1688
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Wed Oct 06, 2021 6:26 pm
click my name and read the topics i created - basically i wanted to make topics about crypto that i wish i had seen a year ago, when i was overwhelmed by it all.
wee introduction basics for each.

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mervs68
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Wed Oct 06, 2021 8:32 pm
And i can recommend @dingy1688 crypto posts. They are very instructive and informative... Smile

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dingy1688
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Thu Oct 07, 2021 1:09 pm
@mervs68 wrote:And i can recommend @dingy1688 crypto posts. They are very instructive and informative... Smile

thank you very much Is it now or never? 1f44d

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dingy1688
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Thu Oct 07, 2021 1:17 pm
https://www.thepreciousmetalforum.com/t201-4-tips-to-maximize-your-crypto-investment

https://www.thepreciousmetalforum.com/t180-intro-to-cryptos

https://www.thepreciousmetalforum.com/t214-gold-or-crypto-why-not-both

Real simple for those stating out.
1. Register at coinbase and do the wee quizzes for $32 worth. Gets the toe in the water https://www.coinbase.com/earn - then put your $32 into whatever crypto you like, see it grow. click that link and read about it. its free money.

2. Get brave internet browser at https://brave.com/ and start using it

3. Register at https://www.gemini.com and you start earning free crypto from brave which is stored here. I swap mine for PAXG which is a coin tied to the price of gold, so im earning gold from my internet use.

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ilank14
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Thu Oct 07, 2021 2:57 pm
I have also been using binance but they are having litigation in regards to their margin products all around the world.. safe for holding I believe. but stuff like DeFi liquidity pools will require a wallet like metamask.. Coinbase is where I started.. also you can use referral codes, happy to provide for binance and sounds like @dingy1688 can do for coinbase.

Then when you start just have an idea of what you want to do... most people hold either ETH or BTC to preserve wealth as they've got a larger market capitalisation. When you want to take profits, i generally trade the crypto I am realising profits into a stablecoin. then that can sit in your wallet ready to buy when the market dips..

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kimchi
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Thu Oct 14, 2021 7:29 pm
@dingy1688 wrote:https://www.thepreciousmetalforum.com/t201-4-tips-to-maximize-your-crypto-investment

https://www.thepreciousmetalforum.com/t180-intro-to-cryptos

https://www.thepreciousmetalforum.com/t214-gold-or-crypto-why-not-both

Real simple for those stating out.
1. Register at coinbase and do the wee quizzes for $32 worth. Gets the toe in the water https://www.coinbase.com/earn - then put your $32 into whatever crypto you like, see it grow. click that link and read about it. its free money.

2. Get brave internet browser at https://brave.com/ and start using it

3. Register at https://www.gemini.com and you start earning free crypto from brave which is stored here. I swap mine for PAXG which is a coin tied to the price of gold, so im earning gold from my internet use.

Thanks so much again Smile

I really must get into this, some really 'whacky' times are coming. I won't put in more than I can afford to lose (and nothing silly), but it does seem to me it's now or never...

Brave sounds interesting on paper but I'm happy with the security of my present browser and overall set-up (it's taken years to build up that trust) - how does it work? Does it mine in the background to pay for itself (my PC wouldn't be able to handle the workload if so)?
kimchi
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Thu Oct 14, 2021 7:36 pm
@ilank14 wrote:I have also been using binance but they are having litigation in regards to their margin products all around the world.. safe for holding I believe. but stuff like DeFi liquidity pools will require a wallet like metamask.. Coinbase is where I started.. also you can use referral codes, happy to provide for binance and sounds like  @dingy1688 can do for coinbase.

Then when you start just have an idea of what you want to do... most people hold either ETH or BTC to preserve wealth as they've got a larger market capitalisation. When you want to take profits, i generally trade the crypto I am realising profits into a stablecoin. then that can sit in your wallet ready to buy when the market dips..

Also many thanks! What is a 'stable coin' please?

Should I get a hardware wallet? I don't like stuff like this without that kind of security. I've read the Nano Ledger S is good for a few cryptos, but you want the X really for larger storage (and I'd be looking to go for a spread)?
dingy1688
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Sat Oct 16, 2021 3:48 pm
Ok lets see...
1. Brave does have a background program but its not big, it just makes sure you get wee adverts in the top right hand corner and you're paid every time you click X. brave holds onto to your earnings until you sign up to gemini and then you transfer the balance over and buy what crypto you like on it.
you can pick in your settings tab how many you want to see an hour between 1-10 popups. i can only speak for the PC version and Brave is a privacy browser, blocks literally every tracker, ads, cookies etc and in return for seeing only their popups your paid.

2. a stable coin is a coin pegged to the price of anything 'solid'. so it doesn't wildly fluctuate, if markets moving and you start panicking!.  US dollar is the main one, (Dai, USDC, etc) PAXG is tied to price of Gold.

3. you cant go wrong having a gander here https://www.coinbase.com/learn and https://www.coindesk.com/learn for the basic basics

4. yep hardware wallets are for LONG term holdings (which i recommend, buy and hold, forget 'trading') best I found is https://trezor.io

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Mon Dec 27, 2021 10:25 am
Hi @kimchi (we know each other from elsewhere).

I took a long hard look at Crypto and decided it did not fit my investment profile. I also looked online extensively and decided that those pushing Crypto behaved as though they were in a cult.

Best
Dicker

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Admin
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Mon Dec 27, 2021 1:21 pm
@Dicker wrote:Hi @kimchi (we know each other from elsewhere).  

I took a long hard look at Crypto and decided it did not fit my investment profile.  I also looked online extensively and decided that those pushing Crypto behaved as though they were in a cult.

Best
Dicker
Dicker,

I don't understand it, but it is always interesting to read and learn. 

I have tried it, but not made the fortune people claim and it is really stressful. I will stick to stacking. 

PS there is a welcome message for you under the title Member 112

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m&m prospecting
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Wed Jan 05, 2022 10:45 am
I'm up in the air on crypto still just uneasy about it all due to global positioning and politics which I'm not diving into to much unsettled activities between nations and some crazy leaders

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COL 1
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Sun Jan 16, 2022 10:11 pm
I got into crypto after a tip-off from a customer at work who is a very wealthy investor (and McLaren P1 owner), although my investment based on his tip-off hasn't yet come to much, I will just continue to hold it as I've only put in money I could afford to loose, and I still have high hopes. Since becoming interested in crypto currency I have made a good profit on another crypto investment that I made for fun in a meme coin, all thanks to the power of Elon Musk who bought a dog and posted pictures of it on social media which turned my initial £20 investment in Shiba Inu (SHIB) into £350 which I cashed out just before the price tanked. Very Happy

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Admin
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Yesterday at 12:21 pm
@COL 1 wrote:I got into crypto after a tip-off from a customer at work who is a very wealthy investor (and McLaren P1 owner), although my investment based on his tip-off hasn't yet come to much, I will just continue to hold it as I've only put in money I could afford to loose, and I still have high hopes. Since becoming interested in crypto currency I have made a good profit on another crypto investment that I made for fun in a meme coin, all thanks to the power of Elon Musk who bought a dog and posted pictures of it on social media which turned my initial £20 investment in Shiba Inu (SHIB) into £350 which I cashed out just before the price tanked. Very Happy
Shibu. 

OMG I bought into that and cashed out. My profit was a bit larger but then again my investment was also larger. I put in £100  Very Happy

I do dabble still in crypto. but am reluctant to put in any large investment. 

at the end of the day I look at it as a gamble.
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