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kimchi
kimchi
Posts : 123
Join date : 2021-08-28

Is it now or never? Empty Is it now or never?

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
WeeBear
Posts : 17
Join date : 2021-05-28
Age : 45
Location : Scotland

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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
AceBullion
Admin
Posts : 169
Join date : 2021-05-25
https://www.acebullion.com

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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
dingy1688
Posts : 27
Join date : 2021-08-25

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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
mervs68
Posts : 182
Join date : 2021-07-04
Age : 69
Location : Craigavon

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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
dingy1688
Posts : 27
Join date : 2021-08-25

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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
dingy1688
Posts : 27
Join date : 2021-08-25

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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
ilank14
Posts : 27
Join date : 2021-09-30

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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
kimchi
Posts : 123
Join date : 2021-08-28

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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
kimchi
Posts : 123
Join date : 2021-08-28

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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
dingy1688
Posts : 27
Join date : 2021-08-25

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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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