BITCOIN

Scottex99

Wow and I think we just did the first full page without someone saying ponzi or scam. 
The revolution has begun

Adyinvestment

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

P1

Adyinvestment said:

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

Good that you are getting exposed, but you do not really own Bitcoin if you have bought on eToro. You can withdraw cash, but not crypto.  You just have something that tracks the price of Bitcoin.  Look at Kraken, Bitstamp or FTX.   Then look at a hardware wallet.  There are more and more coming on the market and lots will be good but the following will suffice.  https://trezor.io/ or https://www.ledger.com/   Its good you are getting into the idea and realising that this in fact not a scam, but pretty cool and pretty big!  A lot of people are investing without understanding what they have.  Don't be them!

Scottex99

Adyinvestment said:

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

Yeah you've got a CFD. Same as Revolut, although they just today released that you'll be able to withdraw physical BTC from there soon.

CFD is fine actually. I started on eToro about 4 years ago, in fact i think I have my oldest ever trade still open there. Over 3 years old and my $200 buy of DASH is now.... $80 

Better to get some physical stuff as P1 says. Coinbase Pro, Swissborg, Binance arre my preferred options.

deejaybee

I have £300 sitting in my drawer, part of what i got from selling an old van....

If you were starting out, how would you apportion that amount between different crypto, or stick it all into one flavour ?

Its just a punt, and i am fully prepared to lose the lot, as i cant believe someone gave me actual cash for that wreck !!!

<< edit >> planning to open coinbase account, and i dont think they sell all the flavours ?

P1

deejaybee said:

I have £300 sitting in my drawer, part of what i got from selling an old van....

If you were starting out, how would you apportion that amount between different crypto, or stick it all into one flavour ?

Its just a punt, and i am fully prepared to lose the lot, as i cant believe someone gave me actual cash for that wreck !!!

Are you talking this stage of the market cycle or long term?
I'm more long term.  Over 80% BTC  Not as exciting near term gains, but for long term riding pain and cycles and taking into account capital gains tax now and 5 to 10 years later.  I have allocated to (ETH biggest other than BTC), LTC and Chainlink.  Maker DAO is not a bat punt.  Don't come in new and try and find your 100x coin.  You may fluke it.  You most likely won't no matter what you see on the internet.  If you want to go risky put 80% on ETH, but make sure you can switch quick or put a stop in on an exchange for btc pair for later in the year.  New protocol change soon so it may be buy the rumour, sell the news and then start going up!  You will find over the next few months things may go nuts.  I will be on alert later this year.  What you should really do is when/if it dumps more than 50% start averaging in when everyone else is crying.  Its hard to do though.  Easier when its going up.

deejaybee

I'm thinking more long term,  but if i was to take any profit, would stick it on a different flavour(s)

Adyinvestment

P1 said:

Adyinvestment said:

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

Good that you are getting exposed, but you do not really own Bitcoin if you have bought on eToro. You can withdraw cash, but not crypto.  

I don't know if it has changed since you last looked but there are both options on eToro now.

I have a copytrade which is a CFD, and also individual ADA coins where if you buy non leveraged you own the underlying asset which they register in your name, you can also transfer them out to external sources.

Do I own my cryptoassets? - Help Center (etoro.com)

Scottex99

Adyinvestment said:

P1 said:

Adyinvestment said:

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

Good that you are getting exposed, but you do not really own Bitcoin if you have bought on eToro. You can withdraw cash, but not crypto.  

I don't know if it has changed since you last looked but there are both options on eToro now.

I have a copytrade which is a CFD, and also individual ADA coins where if you buy non leveraged you own the underlying asset which they register in your name, you can also transfer them out to external sources.

Do I own my cryptoassets? - Help Center (etoro.com)

Yeah good point tbf. All my crypto on there is from years ago so I never investigated the physical wallet/coins.
People are dismissive of Crypto CFDs, the fees can be high to trade in and out and you can't take possession or move the coins to other platforms. But on the flip side, you can't really get hacked, you can't lose your keys. Unless eToro went bust which they wont. So it can be a good option for new people.
My only crypto was in there in the beginning and has become more of a muck about account as I learned more and found other places to trade. 

Scottex99

deejaybee said:

I'm thinking more long term,  but if i was to take any profit, would stick it on a different flavour(s)

BTC/ETH always a good place to start. Then you can have a look at some of the larger cap altcoins, then into the more degen stuff, then into the highly risky sh1tcoins, if you want. That's how I'd play it.
Years of research and learning out there if you have the inclination, or you can just buy a few coins and leave them in a wallet for half a decade