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Bitcoin-Explain to me how to buy these things (4 Viewers)

I look at these dips as good times to buy into the more stable coins (BTC, ETH, SOL, ADA, ALGO) all solid buys right now. Anything else is just a guess. BTC in JAN was around $34-38k, jumped into the $60k's by APR then dropped back to $35k range for the next few months. Around July, it started a run up to where it was a week ago of $69k. It's at $60k now, will probably drop down some more but will most assuredly ramp back up at some point well above whatever your buy in is over this period.

Or what @KGB said

 
beer 30 said:
I look at these dips as good times to buy into the more stable coins (BTC, ETH, SOL, ADA, ALGO) all solid buys right now. Anything else is just a guess. BTC in JAN was around $34-38k, jumped into the $60k's by APR then dropped back to $35k range for the next few months. Around July, it started a run up to where it was a week ago of $69k. It's at $60k now, will probably drop down some more but will most assuredly ramp back up at some point well above whatever your buy in is over this period.

Or what @KGB said
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None of those are stable coins. Stable coins are primarily pegged to the us dollar. USDT, USDC, etc. You can't make gains holding stable coins. You can't make losses either. 

 
SFBayDuck said:
Is this the dip to buy, or are we waiting for a further correction?
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We haven't had a material correction in weeks and so far this is nothing more than a slight pullback.  If you are looking for 10% dips to dollar cost average into longer term investments, then this satisfies that criteria.  If you're looking at a dip where the risk/reward favors longs in a shorter time frame, this isn't it.  When I first started trading crypto earlier this year, I was gobbling up all the dips in May thinking I was getting a huge discount.  From a longer term perspective I was.  From a shorter term perspective, I watched my portfolio lose 50-70% of its value in a couple weeks.  

Ultimately it depends on what your timeframe and goals are.  One man's "dip to buy" is another man's hold or take some off the table.

 
Chaos Commish said:
None of those are stable coins. Stable coins are primarily pegged to the us dollar. USDT, USDC, etc. You can't make gains holding stable coins. You can't make losses either. 
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Sorry, wrong term. Stable in the sense that they aren't as volatile as some of the coins discussed here that you or KBG or Cranks get into. Pillar coins? Coins I wouldn't be afraid investing in because I'm 100% confident I will get my money back and then some is tough to spit out sometimes. I'm sure there is a name for these the kids are using these days #boomer

 
beer 30 said:
Sorry, wrong term. Stable in the sense that they aren't as volatile as some of the coins discussed here that you or KBG or Cranks get into. Pillar coins? Coins I wouldn't be afraid investing in because I'm 100% confident I will get my money back and then some is tough to spit out sometimes. I'm sure there is a name for these the kids are using these days #boomer
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You did say "more stable", so I don't think you are wrong.  That said, I would not lump ETH and the other high market cap layer 1 coins in with Bitcoin.  It's becoming increasingly clear that Bitcoin will be viewed by US regulators as decentralized digital property and will not be considered a security by the SEC.  Everything else has a very high risk of crashing once they, and other regulatory agencies, finally draft the rules by which the industry will have to abide.  I think there's a very real possibility that dexes and NFT marketplaces (including gaming ecosystems) will be required to register their tokens as securities, perform KYC, and have tax reporting or they'll be closed to US residents.  That would likely cripple a ton of projects, thus sending the layer 1s in the toilet with them. 

 
Captain Cranks said:
You did say "more stable", so I don't think you are wrong.  That said, I would not lump ETH and the other high market cap layer 1 coins in with Bitcoin.  It's becoming increasingly clear that Bitcoin will be viewed by US regulators as decentralized digital property and will not be considered a security by the SEC.  Everything else has a very high risk of crashing once they, and other regulatory agencies, finally draft the rules by which the industry will have to abide.  I think there's a very real possibility that dexes and NFT marketplaces (including gaming ecosystems) will be required to register their tokens as securities, perform KYC, and have tax reporting or they'll be closed to US residents.  That would likely cripple a ton of projects, thus sending the layer 1s in the toilet with them.  
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Think you should change your moniker to Captain Sunshine but points well taken  :thumbup:

 
beer 30 said:
I look at these dips as good times to buy into the more stable coins (BTC, ETH, SOL, ADA, ALGO) all solid buys right now. Anything else is just a guess. BTC in JAN was around $34-38k, jumped into the $60k's by APR then dropped back to $35k range for the next few months. Around July, it started a run up to where it was a week ago of $69k. It's at $60k now, will probably drop down some more but will most assuredly ramp back up at some point well above whatever your buy in is over this period.

Or what @KGB said
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This is exactly what I'm doing. 95% of my money in crypto is everything you listed, but I've got DOT and MATIC instead of ADA.

 
for those of you who have staked ADA, do you ever move it to a different pool?

the current pool i'm in has estimated ROA of 4.64%

what is your cutoff to consider moving into a different pool?

 
JoeSteeler said:
Thanks, appreciate it. That seems complicated for a noob like me.🙂

i get it is a gamble. These are the ones I like throwing a couple hundred dollars at.

I have about $11,000 in crypto, mostly in BTC and ETH. I also have SHIB, CRO, ADA and a few others.
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Yeah I hear ya.

Wallets are kinda a pain, but what I like is you can get in on coins before they are popular enough to get listed with the big boys

 
KGB said:
Short term trade probably.

sold my CRO

now have 379,404,975,012 Saitama

Im looking to get back in CRO ASAP though

Current price $.0000001026 but I got in a bit below
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OOF.  At least it seems to be moving back up.  that kinda sucked.  everything went down though, so well see if saitama rebounds as fast as it fell 

 
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Sand said:
SAITAMA?

BTW, saw that Celsius has added a new promo - deposit 25,000 stablecoins, hold for 90 days, get $600 in BTC.  With their normal interest rate on these that's an effective 18.5% annual return for 3 months. Not bad.
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among many others. quarter million circled the drain and flushed. fml

 
  • Sad
Reactions: KGB
Sand said:
At the least crypto is is property, not security (yet) for wash sale rules.  That goes into effect in 2022.  So you can sell, book the losses, and buy right back.  It may make some difference in 2021 taxes.
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I know and thanks. I spend as much time tax planning this as I do my nft addiction. In past bear runs I didn't have so much skin in the game and even then I moved to stables quickly. Something that worked brilliantly and set me up for the big gains I've made this year. I came very close to collateralizing a big tax deferred loan like the whales do.

Apropo of nothing, but on the wording @beer 30"more stablecoins." That could be read like coins that are more stable or actually more Stable Coins. It isn't important, but maybe "safer" coins would have been a better choice. And I could debate whether the top 10 coins are more stable or safer anyway. On this topic the word "stable" might be best isolated to stable coins. Just sayin'.

 
TIL Ive also been using the term stable coins wrong.

This is how ya learn.  its not like theres a "how can a gamble all my money on ####coins" class at university of phoenix online

 
KGB said:
TIL Ive also been using the term stable coins wrong.

This is how ya learn.  its not like theres a "how can a gamble all my money on ####coins" class at university of phoenix online
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Binance Academy. Spent quite a bit of time there and with CMC's educational area in 2019 and 2020. 

I get asked in DMs how to buy this or how to do that, not frequently but quite a bit. My anser is always an online tutorial. They do much better jobs than me cuz this #### is complicated and I am simple. I still use youtube tutorials to walk me through transactions just to be sure. 

 
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Reactions: KGB
How come everything is down except the stuff I want to buy?  AVAX/SAND/PYR/TIME I'm looking at you.

At least if 95% of my holding are going to dip you 4 could give me a buying opportunity.

I am seriously considering dropping the coin to buy a Strongbox node on this STRONG dip though.

 
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i bought some zil at .0945 today.  
 

don’t have anything exciting, but I’m still technically up on ADA and VET.  
 

I’ll probably check in again in another 6 months. 

 
KGB said:
TIL Ive also been using the term stable coins wrong.

This is how ya learn.  its not like theres a "how can a gamble all my money on ####coins" class at university of phoenix online
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There is.  Classes are free at the University of Youtube.  Professors have no formal education, but that doesn't stop them from acting like they know it all. 

 
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FreeBaGeL said:
How come everything is down except the stuff I want to buy?  AVAX/SAND/PYR/TIME I'm looking at you.

At least if 95% of my holding are going to dip you 4 could give me a buying opportunity.

I am seriously considering dropping the coin to buy a Strongbox node on this STRONG dip though.
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A few months back I announced in this thread that I would be focusing on gaming related tokens.  PYR and GALA were two I investigated at the time, but never pulled the trigger on.  I think one would be a 10X and the other a 20X.  🙄

 
eoMMan said:
ADA (Cardano) is back under $2 at $1.88.

Are you guys loading up? Little bit more pessimistic on Cardano's future now?
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Fine question.  I still like it long term, but have realized it's going to take a while to become what I thought it would be when smart contracts were enabled.  I also think the decentralization aspect of these platforms might be an overrated attribute.  I love using Binance Smart Chain despite it being the least decentralized layer 1 out there. 

If your time horizon is 2-5 years, I still think it's a great price to buy here.  In the shorter term, I think there are better layer 1 opportunities (SOL, AVAX, BNB, EGLD)

 
Yeah I came really close to ditching all my ADA when it ran to $2.25 the other day and swapping it into something else.  Literally had my finger on the button.  Next nice run-up it has I'm probably ditching it for now and will buy it back if it's still sitting mostly flat in a year or so.

 
Purchased a bit of 

CRO .  my first purchase on the crypto.com app ($.51)

HEX - I just think its low.  I already have plenty, so hoping for a quick buck with this bag ($.20)

 
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thinking of picking up a decent chunk of xrp, i only use coinbase pro right now so my question is…is kraken user friendly?

 
CGRdrJoe said:
thinking of picking up a decent chunk of xrp, i only use coinbase pro right now so my question is…is kraken user friendly?
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Dunno.  but I love the XRP play.

I used the UPHOLD app for my XRP play as its native or whatever and takes 2 seconds.  no wallet needed.

 
KGB said:
Anyone have the crypto.com visa?

Thoughts?
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Nope - the holding requirement for a decent return is insane.  I looked into this a bit back and am happy with the Coinbase card.  4% back in XLM is awesome.

---

On a completely separate subject, where do folks store smallcap coins?  I want to buy some MOVR, but neither Exodus or Ledger support them or a whole lot of other tiny stuff.  They stay on exchange?

 
Sand said:
Nope - the holding requirement for a decent return is insane.  I looked into this a bit back and am happy with the Coinbase card.  4% back in XLM is awesome.

---

On a completely separate subject, where do folks store smallcap coins?  I want to buy some MOVR, but neither Exodus or Ledger support them or a whole lot of other tiny stuff.  They stay on exchange?
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Thanks.   Ill stay away from the card.

By store, you mean hard wallet?  I usually buy stuff that is not on the main sites using metamask....

 
KGB said:
Thanks.   Ill stay away from the card.

By store, you mean hard wallet?  I usually buy stuff that is not on the main sites using metamask....
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If I'm storing I'd prefer a hard wallet rather than a hot one like Meta.  

 
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Reactions: KGB
Captain Cranks said:
You did say "more stable", so I don't think you are wrong.  That said, I would not lump ETH and the other high market cap layer 1 coins in with Bitcoin.  It's becoming increasingly clear that Bitcoin will be viewed by US regulators as decentralized digital property and will not be considered a security by the SEC.  Everything else has a very high risk of crashing once they, and other regulatory agencies, finally draft the rules by which the industry will have to abide.  I think there's a very real possibility that dexes and NFT marketplaces (including gaming ecosystems) will be required to register their tokens as securities, perform KYC, and have tax reporting or they'll be closed to US residents.  That would likely cripple a ton of projects, thus sending the layer 1s in the toilet with them. 
Click to expand...
Good opportunity for my retirement plan:

tZERO

 
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