Thread: New to crypto

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  1. #1
    Yikes's Avatar
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    New to crypto

    So whats the strat fellas, what should i be looking for to invest and stuff like that. Currently i check out a few coins and if i see one that is down a bit just chuck everything into it and pray to god it recovers a tad and so far its been working. But im not sure what to do to start actually making decent profit. Any tips?

  2. #2
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    Thats absolutely not the way to go about it lol. My tip is to wait for a big ass btc drop then put it all in and hold for a long ass time. With patience u will be rich. If ur not gonna use any strategy in ur investment then you might as well do very long term

  3. #3
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    BTC is highly profitable to invest in.
    I would avoid ALT coins due to the economy being unstable due to COVID and the crash on March 12th.
    Expecting a bull rush, in the next coming weeks and btc price to go near $10k
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  4. #4
    Ajw7989's Avatar
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    Especially if your new to it definitely only invest in the big coin such as BTC, LTC, or eth. The other coins are risky and you can make a ton but also lose it all. The altcoins are good to play if crypto is on a huge run up since they go up in a higher %.

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    I really want to get into this too. But don't know where to start. I would much rather know how exactly everything works and what I am doing, than just dumping money somewhere and praying.

    Even if you do, don't just put it in one place. Plus, with this corona thing, everything is unpredictable. But I guess btc fell how much it had to, now it should probably be rising up. Again, nothing can be said, because this is such a new situation whole world is experiencing, so it's hard to predict what will happen.

  6. #6
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    So for a complete beginner I would suggest starting with something basic and simple like Coinbase. Just make an account to begin with so that you have a wallet and you can see how the value of the various coins keep changing. I started off the same way, now I have a friend who recently got into stocks and trading, I don't understand the whole woohaa but as he learns more, I get more info. Don't wait to get 100% info unless money is involved, make the account get the first step over with.

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  8. #7
    Crypto's Avatar
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    Quote Originally Posted by Monalisa View Post
    BTC is highly profitable to invest in.
    I would avoid ALT coins due to the economy being unstable due to COVID and the crash on March 12th.
    Expecting a bull rush, in the next coming weeks and btc price to go near $10k
    Ethereum is one I would put my faith in, even though it lost a lot of value. This is because of the fact that it is so highly correlated with the BTC price.

  9. #8
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    Not a nice strategy. You should read the news related to it, why is the coin going down or moving up.

  10. #9
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    Wait for drop
    Check the news
    Invest.

    A Bitcoin movie will drop in 2022 so I'm investing hard in the hopes of it boosting the price of Bitcoin lmao

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