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BITCOIN
Comments
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Hello to the fellow crypto newbies !I initially bought BTC & XTZ & ATOM, not right at the top but before the crash, so i am down on all those 3.However, overall i am slightly up, as with my second deposit i have been trading Cardano ( mainly ) and Polygon... basically buying the dips, and waiting till i can get out with a 10% + profit.So hang on in there ( if it is money you are prepared to write off )1
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deejaybee said:and waiting till i can get out with a 10% + profit.
My plan is to quadruple up, then sell half for a 100% profit and then have a free "to the moon" gamble with double what I started...and I aint gonna settle for anything less!0 -
Yep i didnt mean 10% total profit Ady ! just for my little trades...
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deejaybee said:Hello to the fellow crypto newbies !I initially bought BTC & XTZ & ATOM, not right at the top but before the crash, so i am down on all those 3.However, overall i am slightly up, as with my second deposit i have been trading Cardano ( mainly ) and Polygon... basically buying the dips, and waiting till i can get out with a 10% + profit.So hang on in there ( if it is money you are prepared to write off )
Get some ETH for a long term hold, ETH 2.0 should be big.
What made you pick Tezos and Cosmos in the beginning?
Cardano is also a weird one, i've had a bag for a good while. From what I see in the market it's loved by retail, dubbed the Ethereum Killer yet has been years in the making with no real product. All the clued up people I know have written it off already1 -
Hi Scott,Tezos and Cosmos mainly because there was (is) a 5% staking deal on coinbase, but only a small amount in each...might also buy some Algorand if/when i trade some more profit, as theres a 6% deal on that.Re Cardano, i read that it is being used in Africa, and various upgrades coming this year, but i am as far from clued-up as its possible to be !Cardano seems fairly predictable/solid for trading purposes ( until it isnt of course.. )1
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deejaybee said:Hi Scott,Tezos and Cosmos mainly because there was (is) a 5% staking deal on coinbase, but only a small amount in each...might also buy some Algorand if/when i trade some more profit, as theres a 6% deal on that.Re Cardano, i read that it is being used in Africa, and various upgrades coming this year, but i am as far from clued-up as its possible to be !Cardano seems fairly predictable/solid for trading purposes ( until it isnt of course.. )
5-6% is obviously great against traditional savings rates today but once you go fully down the rabbit hole you'll see you can easily make 2-3-4x that on other platforms too.
ADA being used in Africa has a bit of a 2017 feel about it, "XRP partners with Moneygram, eBay accepts BTC" etc etc. A single claim like that rarely has much price impact on a coin. DASH is supposedly heavily used in LATAM yet it's still miles away from previous 2017 highs. I've got a buy open on eToro since that date that is 60% down haha, just a tiny trade.
BTC been ranging between 30 and 40k for a while now, in theory you could have made plenty shorting the top and longing the bottom but if was that easy we'd all be retired already.1 -
Cheers for the feedback Scott, appreciated, all helps the learning curve !Probably move over to coinbase pro further down the line, apparently i can sign on there with my existing coinbase details, without having to set up a seperate account.0
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deejaybee said:Cheers for the feedback Scott, appreciated, all helps the learning curve !Probably move over to coinbase pro further down the line, apparently i can sign on there with my existing coinbase details, without having to set up a seperate account.0
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Coinbase pro is great. Only minor faff is when moving coins to your wallet, you first have to move to Coinbase and then out to the wallet. Apart from that it's great. Low fees.0
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