Cryptocurrencies

[Bwedr]

Gentlemen i want your serious guidance about cryptocurrencies..are they real? Are they worth investing in? Thank you n advance for ur response .I highly regard ur knowledge and direction.you guys have really changed my mentality!

 

[Jack12345]

Was a pretty good opportunity to get in when coronavirus started (50% fall down)

Right now bitcoin back to its before Corona position and stable already few months (~9k)

Other then this I know nothing I I'm not sure anybody does lol

I bought a little. This is as much as i can tell u

 

[Bwedr]

Thanx mr jack fr ur reply..what are some the legit companies dealing with bitcoin..i wud like to invest with them

 

[Jack12345]

I using a local market tool (outside usa) so I'm not sure.. think that coinbase is popular. Would recommend to participate in any popular Facebook bitcoin group in your country you'll find there all the necessary info. You need a virtual wallet as well to be able to confirm transactions and store the coins, like Electrum. If you investing big recommended to buy a hardware wallet which limiting network connectivity. After you set up the wallet you'll receive a code which enables to make the transaction

 

[Bwedr]

I want to have an idea of how investmnt returns ar..
According with th company ur dealing with..could 50 dollars generate 90 dollars within 24 hrs?

 

[Jack12345]

Lol no bro. Taking into account the commission within 24hrs ur 50$ investment in bit would lose its value. No easy money here, need to keep digging

 

[Bwedr]

What is the recommended minimum then,according to ur platform

 

[Jack12345]

What do you mean? The minimum possible is around 50$. I dont remember how the commission works

people buy bits mostly to hold them

 

[Poonani Maker]

Consider De-Fi.

 

[Bwedr]

What do you mean? The minimum possible is around 50$. I dont remember how the commission works

people buy bits mostly to hold them

I met a guy online who told me to invest 50 dollars with him so tht i can generet a 90 dollars extra .is this feasible and reasonable

 

[Jack12345]

not from my experience
Maybe someone would have different perspective

 

[jaygreenb]

I suggest you learn about the technology so you know what you are investing in. Make a small investment first so you have skin in the game and that will motivate you to learn. Understand that it is a newer technology and at this point it is speculative. The upside is very high though so the amount should depend on your risk profile. If you want to play around in alt coins I would suggest you keep the majority in BTC. If you are doing this because you believe that fiat currencies are doomed also invest in physical gold and silver.

 

[zinc4]

Gentlemen i want your serious guidance about cryptocurrencies..are they real? Are they worth investing in? Thank you n advance for ur response .I highly regard ur knowledge and direction.you guys have really changed my mentality!

 

[EyeOnThePrize]

Gentlemen i want your serious guidance about cryptocurrencies..are they real? Are they worth investing in? Thank you n advance for ur response .I highly regard ur knowledge and direction.you guys have really changed my mentality!

You want to have diverse exposure to crypto. Buy some on an exchange that's in your country or the closest legit exchange and transfer half to a local hot or cold wallet.

The local coin is completely yours, no party could ever stop you from transferring that coin, this is the true power of crypto. Any coin left on an exchange is at the mercy of the exchange(they hold the keys to the wallets holding the coin). Should the exchange disappear so will your coin on that exchange.

The coin you bought on the exchange is considered a spot long. You bought Bitcoin or whatever-coin without margin, i.e. your position will never be liquidated. You transferred half to a local hardware wallet for safekeeping as a passive investment. The half left on the exchange is your active investment account. Feel free to experiment with different investing strategies with your active investing account or keep adding to your passive account, it's up to you.

You can create baskets of assets depending on risk profile and you can use margin if you know what you're doing. A large exchange like binance or bitfinex can provide leverage, which effectively let's you trade with 10 - 100 times the coin you actually own. Some exchanges allow 500x and even 1000x leverage. Generally you shouldn't touch margin if you're super green. Become profitable with spot trading first.

You could arbitrage the tether dollar pair or sell options. Working on mobile but I'll have to edit the links in here later. You could even invest in stocks via crypto. That is, there are exchanges that provide major index tracking investment vehicles in exchange for Bitcoin.

You could stake a coin like tezos or bake it and get about 10% annual ROI very consistently, or you could stake various coins on exchanges as margin for others, or you could create your own exchange or own coin. It's the wild west in a lot of ways.

 

[Bwedr]

You want to have diverse exposure to crypto. Buy some on an exchange that's in your country or the closest legit exchange and transfer half to a local hot or cold wallet.

The local coin is completely yours, no party could ever stop you from transferring that coin, this is the true power of crypto. Any coin left on an exchange is at the mercy of the exchange(they hold the keys to the wallets holding the coin). Should the exchange disappear so will your coin on that exchange.

The coin you bought on the exchange is considered a spot long. You bought Bitcoin or whatever-coin without margin, i.e. your position will never be liquidated. You transferred half to a local hardware wallet for safekeeping as a passive investment. The half left on the exchange is your active investment account. Feel free to experiment with different investing strategies with your active investing account or keep adding to your passive account, it's up to you.

You can create baskets of assets depending on risk profile and you can use margin if you know what you're doing. A large exchange like binance or bitfinex can provide leverage, which effectively let's you trade with 10 - 100 times the coin you actually own. Some exchanges allow 500x and even 1000x leverage. Generally you shouldn't touch margin if you're super green. Become profitable with spot trading first.

You could arbitrage the tether dollar pair or sell options. Working on mobile but I'll have to edit the links in here later. You could even invest in stocks via crypto. That is, there are exchanges that provide major index tracking investment vehicles in exchange for Bitcoin.

You could stake a coin like tezos or bake it and get about 10% annual ROI very consistently, or you could stake various coins on exchanges as margin for others, or you could create your own exchange or own coin. It's the wild west in a lot of ways.

Thanks man