BITCOIN

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

HansOndabush

Scottex99 said:

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

Or you can just flush some cash down the toilet for real fun.

Solenoid

HansOndabush said:

Scottex99 said:

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

Or you can just flush some cash down the toilet for real fun.

Lol thats an idea. I put £900 yesterday even though I was against it myself. I gained last night £50 and this morning woke up with £70 loss. Its risky but do your research. Bitcoin is too risky in my opinion. And dont invest in money that you can't afford to lose.

Scottex99

Do whatever you want with your wealth, give $200k to random girls singing Nirvana online if you fancy.
Your bags "may" make normal wealth absolutely irrelevant 
https://www.youtube.com/watch?v=Z38YEUnHmsg

P1

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)

Just understand that you technically own it, but it is not yours unless it is in your control.  I have left things on exchanges with stops sells set so not trying to poo poo it but you should be able to store your own.  If you can't you are not really holding cryptocurrency or maybe not fully understanding it.  If self custody is step is too much for you I'd advise against putting any serious money in it even though I suspect the whole ecosystem will go for the next few months! Holding on eToro does have some counterparty risk attached!

P1

Scottex99 said:

Do whatever you want with your wealth, give $200k to random girls singing Nirvana online if you fancy.
Your bags "may" make normal wealth absolutely irrelevant 
https://www.youtube.com/watch?v=Z38YEUnHmsg

Its pretty cool what they've done there.  A couple on artists who are very talented have recently got life changing money and exposure.  All they had to do was be good.  Some of the people who watch UpOnly are very very wealthy.  Cobie was in the space from very early on, well known and I think is worth at least 8 figures but possibly 9!  A lot of money and exposure for the artist and a fun stream raid, but that amount of donations nothing to some of those people.  

onthebench

HansOndabush said:

Scottex99 said:

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

Or you can just flush some cash down the toilet for real fun.

I've flushed plenty of cash down the metaphorical toilet over past 10 years. If I had used even a fraction of it to buy bitcoin or ether then I'd be a multi-millionaire. 

Malthusian

onthebench said:

HansOndabush said:

Scottex99 said:

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

Or you can just flush some cash down the toilet for real fun.

I've flushed plenty of cash down the metaphorical toilet over past 10 years. If I had used even a fraction of it to buy bitcoin or ether then I'd be a multi-millionaire. 

Or if you'd used a fraction of it to buy a winning lottery ticket. The National Lottery has made far more people into multi-millionaires (usually at least two a week for a couple of decades) than Bitcoin. (Most people who cashed a seven-figure fortune out of Bitcoin had put an even larger fortune in; that is how the mathematics of a zero-sum money game work.)