BITCOIN

Scottex99

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 )

Bit of scalping always fun, I don't really trade short term myself.

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 already

deejaybee

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.. )

Scottex99

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.. )

Yeah makes sense, you might as well make some passive income if you're holding assets there anyway.

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.

deejaybee

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.

Scottex99

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.

No worries. Yep I'm pretty sure you can and also the trade fees are 0.5% on Pro, compared to 3-4% on the retail version 

Zola.

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. 

TimSynths

I'm a big fan of Coinbase pro too- looked scary at first but watched a few how to vids on Youtube and really enjoy using it now and I find other exchanges suck as KuCoin and Bitforex less scary too.

staurthag

OK with the price pretty low do you think this is a good opportunity to buy some? I can afford to lose, I wouldn't invest anything I cant afford. Was just thinking of putting in £800 because I got a unexpected rebate. Any recommendations where to buy? Preferably something with an app. I've heard Ziglu mentioned.

Scottex99

Swissborg I think has the best retail app, super easy to top up £, buy and stake your coins too. Ping me a DM if you want me to shill a ref code.

Others I've used, CB Pro, Zumo, Binance.

Ziglu is regulated but only CFDs I think, i.e you can't withdraw externally.

Type_45

It feels like this forum is being infiltrated by crypto shills to covert the people who normally read/use the forum...