ha_banos Posted January 11 Posted January 11 7 hours ago, eaglebear29 said: For a newb as myself how would one simply make small dollar amounts on an app lets say to purchase small amounts of said bitcoin. I've been thinking of this since my stocks have dropped like %60 in my portfolio. I'd like to diversify and get more into bitcoin since that seems to be what everyone has told me, I have a friend that went to the moon on that stuff from the get go. Any direction would be much appreciated and most helpful. I've started a Roth IRA for my daughter, but I don't feel I'm doing the best of jobs and I would like to leave her/my family as well something to take care of them through hard times. I've sadly wish I learned more over the years commercial fishing but when you get into it so young at 7 and 10 w/ my first job in Alaska, it was easy in my younger years to blow money and make bad financial decision. I'm not expecting to get rich but I'd like to try to make up for my bad mistakes lol and learn about this stuff from some individuals in the know. Well now you could buy into the ETFs! 😊 Sorry I'm not able to offer any advice. Investing in an ETF might be completely different in Alaska than here in UK. 1
BrightonCorgi Posted January 11 Posted January 11 7 hours ago, eaglebear29 said: For a newb as myself how would one simply make small dollar amounts, on an app let's say, to purchase small amounts of said bitcoin. Open a coinbase account and buy some bitcoin or any other crypto currency. It's pretty straightforward. Link coinbase to your existing bank account that you'd like to withdraw from. 1
eaglebear29 Posted January 11 Posted January 11 7 hours ago, BrightonCorgi said: Open a coinbase account and buy some bitcoin or any other crypto currency. It's pretty straightforward. Link coinbase to your existing bank account that you'd like to withdraw from. Right on, thank you. 7 hours ago, BrightonCorgi said: Open a coinbase account and buy some bitcoin or any other crypto currency. It's pretty straightforward. Link coinbase to your existing bank account that you'd like to withdraw from. Any specific coins you'd recommend over others? 7 hours ago, ha_banos said: Well now you could buy into the ETFs! 😊 Sorry I'm not able to offer any advice. Investing in an ETF might be completely different in Alaska than here in UK. Thanks did ya mean NFTs? I'm not sure the differences but what are EFTs compared to NFTs? I'm not sure about the UK but I just heard the other day all the NFTs everyone peddled like high profile celebrities and such were now worthless. I'm not sure on that though, but it's just what I've read. 🤷♂️
ha_banos Posted January 11 Posted January 11 6 hours ago, eaglebear29 said: Thanks did ya mean NFTs? I'm not sure the differences but what are EFTs compared to NFTs? I'm not sure about the UK but I just heard the other day all the NFTs everyone peddled like high profile celebrities and such were now worthless. I'm not sure on that though, but it's just what I've read. 🤷♂️ No! An ETF (exchange traded fund) are investment funds like there are gold ETF's index (NASDAQ, S&P500, ...) tracking ETFs. NOTHING to do with NFT's. Some basic googling! Note - here in the UK you must pass a test (5 questions or so) to trade on Coinbase now - as of a few days ago. 1
eaglebear29 Posted January 11 Posted January 11 6 hours ago, ha_banos said: No! An ETF (exchange traded fund) are investment funds like there are gold ETF's index (NASDAQ, S&P500, ...) tracking ETFs. NOTHING to do with NFT's. Some basic googling! Note - here in the UK you must pass a test (5 questions or so) to trade on Coinbase now - as of a few days ago. Lol I typed EFT whoops got (electronic funds transfer) popped up for me, it had me a little confused at first. Now some googling and more rabbit holes. Thank you. Any in particular you got the ins on. Any insider trading info tips? 😄
ha_banos Posted January 11 Posted January 11 6 hours ago, eaglebear29 said: Lol I typed EFT whoops got (electronic funds transfer) popped up for me, it had me a little confused at first. Now some googling and more rabbit holes. Thank you. Any in particular you got the ins on. Any insider trading info tips? 😄 Unfortunately not. Otherwise I'd be filthy rich and not moaning about CC pricing 🤣 But they say there are the 3 rules of bitcoin 1. Buy bitcoin 2. STFU 3. Get fabulously wealthy ... I'm waiting ... 1 2
jazzboypro Posted January 11 Posted January 11 7 hours ago, eaglebear29 said: For a newb as myself how would one simply make small dollar amounts, on an app let's say, to purchase small amounts of said bitcoin. I've been thinking of this since my stocks have dropped like %60 in my portfolio. I'd like to diversify and get more into bitcoin since that seems to be what everyone has told me, I have a friend that went to the moon on that stuff from the get go. Any direction would be much appreciated and most helpful. I've started a Roth IRA for my daughter, but I don't feel I'm doing the best of jobs and I would like to leave her/my family as well something to take care of them through hard times. I've sadly wish I learned more over the years commercial fishing but when you get into it so young at 7 and 10 w/ my first job in Alaska, it was easy in my younger years to blow money and make bad financial decision. I'm not expecting to get rich but I'd like to try to make up for my bad mistakes lol and learn about this stuff from some individuals in the know If you are serious about crypto and plan on investing a fair amount of money, you should familiarize yourself with crypto wallets. I strongly suggest the use of a cold wallet. Ledger has a nice offering of cold wallet. The cold wallet is a physical device that needs internet access only when you need to make a transaction. Keep in mind that you don't own the cryptos you buy, you own the private key that gives access to you crypto and this is what needs to be protected. It the main reason why cold wallet is preferred as opposed to software or even web wallet. 1 1
eaglebear29 Posted January 11 Posted January 11 6 hours ago, ha_banos said: Unfortunately not. Otherwise I'd be filthy rich and not moaning about CC pricing 🤣 But they say there are the 3 rules of bitcoin 1. Buy bitcoin 2. STFU 3. Get fabulously wealthy ... I'm waiting ... Lol ok I'm in, even if there's a remote chance what else could go wrong? I lose more money🤷♂️ 🤣 This is what I was told about stocks too and I'm sure once/if the economy flips around and we stop these proxy wars/ mega conflicts again the market will stabilize back out and get back to an uptick trend but for now the last 3 years has been sad here in the U.S. and I'm sure the rest of the world as well. Guess we'll just have to wait and see. 🤞Please can we be energy independent again w/ $2 gas which is way cheap for up here. Don't even get me started on groceries as it all has to be shipped in by barge, and so as to comply with forum rules and not go into sad U.S. Policies. I'm going to blame all our problems on turkeys lol. I'd like to make some money and believe in stocks, so far for me they've been like the slot machines. I'd say I'm better at cards. But then again, last time in Vegas I won $1,500 and walked away so maybe there's a chance😆. 6 hours ago, jazzboypro said: If you are serious about crypto and plan on investing a fair amount of money, you should familiarize yourself with crypto wallets. I strongly suggest the use of a cold wallet. Ledger has a nice offering of cold wallet. The cold wallet is a physical device that needs internet access only when you need to make a transaction. Keep in mind that you don't own the cryptos you buy, you own the private key that gives access to you crypto and this is what needs to be protected. It the main reason why cold wallet is preferred as opposed to software or even web wallet. Ok, right on thanks for the info I'm looking into the stuff now, so theoretically speaking if I lost said electrical wallet I lost my stuff? Or is it more of like the Card in terms of I use it more so to make transactions in bitcoin friendly areas/countries like El Salvador?
jazzboypro Posted January 11 Posted January 11 8 minutes ago, eaglebear29 said: Ok, right on thanks for the info I'm looking into the stuff now, so theoretically speaking if I lost said electrical wallet I lost my stuff? Or is it more of like the Card in terms of I use it more so to make transactions in bitcoin friendly areas/countries like El Salvador? If you lose/break the wallet you buy another one and you recover your crypto. You can of course buy 2 wallets and one serves as your backup. 1
PuroDiario Posted January 11 Posted January 11 8 hours ago, BrightonCorgi said: Same. Next leap of faith - "Do you think Bitcoin will break 1 million in the next 5 years?" No 1
eaglebear29 Posted January 12 Posted January 12 2 hours ago, jazzboypro said: If you lose/break the wallet you buy another one and you recover your crypto. You can of course buy 2 wallets and one serves as your backup. Ok thanks for the direction.
BrightonCorgi Posted January 12 Posted January 12 6 hours ago, eaglebear29 said: Any specific coins you'd recommend over others? Start off with Bitcoin and go from there. That's the gold standard. Buy a coin or two and see where it goes. 🙂 In all serious, you can start off with $50. 1 1
eaglebear29 Posted January 12 Posted January 12 6 hours ago, BrightonCorgi said: Start off with Bitcoin and go from there. That's the gold standard. Buy a coin or two and see where it goes. 🙂 In all serious, you can start off with $50. Ok thanks, much appreciated. That's good yea, I just wanted to start small and throw a few bucks at it here and there.
loose_axle Posted January 12 Posted January 12 I bought in at the crash earlier last year. I only threw at it what I could afford to lose so wasn't a great deal but it more than quadrupled. But until I cash it in its a number in the sky. However they reckon it'll be mined/ sold out around 2040 and so its likely there could be yet more rises in its worth then? I prefer to have my money invested in things we're still likely to need in 50+ years time but don't want to miss out on things that may rise or be the new standard. I compare crypto to when banks first came around. What deposit your gold and get paper money? What if it gets torn? What if it gets burnt? What if the banks collapse? And look where we are now. Not even linked to the gold standard anymore. 1 1
El Presidente Posted January 12 Posted January 12 3 hours ago, loose_axle said: I bought in at the crash earlier last year. I only threw at it what I could afford to lose so wasn't a great deal but it more than quadrupled. But until I cash it in its a number in the sky. However they reckon it'll be mined/ sold out around 2040 and so its likely there could be yet more rises in its worth then? I prefer to have my money invested in things we're still likely to need in 50+ years time but don't want to miss out on things that may rise or be the new standard. I compare crypto to when banks first came around. What deposit your gold and get paper money? What if it gets torn? What if it gets burnt? What if the banks collapse? And look where we are now. Not even linked to the gold standard anymore. The minute I can seamlessly convert bitcoin to AUD funds via a merchant gateway, I am all in. 3
joeypots Posted January 12 Posted January 12 One can buy Bitcoin on Pay Pal. I think the anticipation of the ETF approvals have created a bit, ha ha , of a run on Bitcoin. There are some very smart people who think I’ll go to the moon from here and there are some very smart people who think it’s the devil's own currency. People who are starting out building an investment portfolio would be wise to limit their portfolio’s exposure to 5% or less of any one security. I’d hate to see anyone get hurt by financial prognostication on a cigar board. That said, I am coming around to the idea that crypto is here to stay and when the fever dies down I may buy a bit. Price prediction? Somewhere 0$ to 1.5 million $ in five years. 2 1
BrightonCorgi Posted January 12 Posted January 12 6 hours ago, joeypots said: One can buy Bitcoin on Pay Pal. I did not know that until I read your post. I just tried it out and it was 2.49% on a $100. It's a lot easier to do a transaction (buy Bitcoin) in PayPal than it is in Coinbase FWIW. 1
ha_banos Posted February 4 Posted February 4 ETFs are collecting still. Still not had time for advisors to start selling. Be intrigued to hear when yours start. GBTC has been selling off, due to FTX, slowing down. BTC Holding. Floating around, like the sp500. Halving coming. L2 projects under development. End of year will be interesting.
ha_banos Posted February 11 Posted February 11 ETFs went live 10/1. They now hold more BTC than MSTR. Currently buying up 2000 BTC per trading day. Halving in 65 days. Fidelity taking about at least a 1% allocation https://www.ccn.com/news/fidelity-all-in-one-etf-bitcoin-institutional-crypto-investing-normalized/
ha_banos Posted March 4 Posted March 4 Looks like BTC just (EDIT) almost breaching the previous all time high.... of around 69,000U$D 👀 'The Halving' April 19th being priced in obvs. The fidelity and BlackRock ETFs have been buying up hand over first. Don't know if we have any customers here. Have the sales guys/advisors even started calling round yet?
VeguerosMAN Posted March 4 Posted March 4 BTC will move up violently after April halving if history repeats itself. The real gain by percentage will be altcoins though when real FOMO kicks in.
LLC Posted March 5 Posted March 5 In Canada we’ve had Bitcoin ETF’s for a long time and I never though much about it, but when the USA was about to allow Bitcoin ETF’s in mid-January this year, I decided to buy a Canadian Bitcoin ETF the day before. My thinking was that it should really increase the ease of getting in and thus the demand. So far, so good, up about 60%. Sent from my iPhone using Tapatalk 2
BrightonCorgi Posted March 5 Posted March 5 3 hours ago, VeguerosMAN said: BTC will move up violently after April halving if history repeats itself. The real gain by percentage will be altcoins though when real FOMO kicks in. Which altcoins do you feel are worth following?
VeguerosMAN Posted March 5 Posted March 5 17 hours ago, BrightonCorgi said: Which altcoins do you feel are worth following? Doge and grok. I guess you can call them meme coins.
BrightonCorgi Posted March 5 Posted March 5 7 hours ago, VeguerosMAN said: Doge and grok. I guess you can call them meme coins. I wrote my Doge coins off until your post. I wasn't checking it for a very long time until I read your post and see I made money on it! Finally. 1
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