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If you don't invest in the right coins, it's going to be like throwing your money away into the dustbin because the coins with drive your money into liquidity.
Cryptocurrency
- Thread starter cpvr
- Start date
Ravenfreak
90 And Up! VPL Member
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I think cryptocurrency will be a good investment. I already invested in some Ethereum for the first time a few weeks ago! I earned around $3 just from doing surveys on Idle-Empire, they also have other tasks you can do in order to earn credits to purchase crypto or gift cards. I'm going to invest in Litecoin as well!
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Litecoin doesn't seem like a coin with much traction to earn more money for you. If you want to invest in something solid, I would recommend doing it with BNB.
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This is one of the biggest mistake newbies make when they come into cryptocurrency with their investment plans. They follow the bandwagon talking and taking everything they hear online as what usually works when they come to cryptocurrency investment but they end up losing their money.
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Many investors have taken their profits from their investment with the pump Bitcoin had before it started retracing right now but it's expected to pump later this year.
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I'm not too bothered about what's happening with coins bleeding right now because I understand that's how cryptocurrency works. If you're in it for the long haul, you have to endure the ups and downs.
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There are short term traders in cryptocurrency. They don't like staying in for too long which is why they get in and get out quickly with whatever profit they've seen.
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Be about the only way to do it, but I would think that damage this fragile currency more?
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It is truly if you know how to do it. Unfortunately, most people don't and it's why they buy and sit on it for a long time.
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This is the best time to reinvest and buy more crypto while it’s bleeding. Especially for those that know what crypto coins to invest in. The crypto market was doing great a couple months ago, so I’m sure it’ll start climbing again in a few months.
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Yeah, that's very correct! The trick is buy more when it's dipping hard and sell when you have held out enough as it's bullish. I'm still looking out for the best one to invest in maybe by next week.
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Did you invest and buy more during the recent dip? Bitcoin has been on the rise lately, and some are saying Dogecoin might go on another bull run.
I haven’t reinvested, though. I’m still holding onto my Pi Network coins and Shiba Inu.
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I got into crypto when Stellar (STR at the time) was giving away 1000 coins airdropped to email addresses. I was apart of a "grey hat" SEO team, which combined had hundreds, if not thousands of emails. We saw this as an opportunity and combined all of our emails into a pool and then split the airdropped coins appropriately (as someone had to have the tech knowledge to get past the checks and balances to run all of them through for the coins, to get them to a central wallet, and then to distribute them).
I ended up getting, I think, around 150,000 STR, which at the time was only maybe $100. Stellar is now Lumens (XLM) 10 cents each, so if I just kept it, it'd be $15,000 today.
However, what I ended up doing was getting into Bitcoin, the free forks, and Ethereum.
My worst decision ever was to not keep the ETH and BTC that I was able to trade into as that would be over half a million dollars today. Instead, I took 1 ETH and put it into shitcoins that are worthless. I did put a lot into Syscoin and have a $10,000 (like $100 to $10,000 gainer) wallet that I can't access because I forgot the password. If it ever blows up, I'll get someone to hack into it and give them a percentage.
But, I widdled down my holdings a lot and also spent it over the past 10 years, and yet still have thousands of dollars to play with... all from $0.
I'm now holding on to what I have left, and someone still owes me about $10k in crypto cause the exchange went bankrupt. So, that's still an asset on my books as I'm slowly getting that money back.
But, the opportunity cost of not holding the coins I had... man. I don't even like to think about it.
I ended up getting, I think, around 150,000 STR, which at the time was only maybe $100. Stellar is now Lumens (XLM) 10 cents each, so if I just kept it, it'd be $15,000 today.
However, what I ended up doing was getting into Bitcoin, the free forks, and Ethereum.
My worst decision ever was to not keep the ETH and BTC that I was able to trade into as that would be over half a million dollars today. Instead, I took 1 ETH and put it into shitcoins that are worthless. I did put a lot into Syscoin and have a $10,000 (like $100 to $10,000 gainer) wallet that I can't access because I forgot the password. If it ever blows up, I'll get someone to hack into it and give them a percentage.
But, I widdled down my holdings a lot and also spent it over the past 10 years, and yet still have thousands of dollars to play with... all from $0.
I'm now holding on to what I have left, and someone still owes me about $10k in crypto cause the exchange went bankrupt. So, that's still an asset on my books as I'm slowly getting that money back.
I'm hoping this follows the DOGE trend where it's 19 cents to 0.000019000 cents, or when DOGE pops off to $5, it would be 0.0005 cents and I'll have five figures that'll make up for my mistakes. I'm also in DOGE, so that'd be another 5 figures. And then, the remaining BTC/ETH would put me in the low 6-figure range.
But, the opportunity cost of not holding the coins I had... man. I don't even like to think about it.
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How sure are you it's going to be possible to hack into your Syscoin wallet? If that's possible, it means that so much people's asset is vulnerable on it.
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Brute forcing it open. I know that's nearly impossible to do in any other circumstance, but fortunately, I know the characters I would've used and how long it would be in length.
So, it dwindles it down from millions of possibilities to hundreds of thousands, which a gaming laptop could probably do overnight.
I just need a programmer to give me open-sourced code that allows me to input the characters and length to guess, and it to interact with the wallet software to input it and click "OK" until it's open.
I would pay for the development up front at a reduced price for a percentage once it's open, or if it's just a crazy enough amount in the wallet (like $100,000+ and I wanted it then), simply pay for someone to write it as I'd be confident enough to be able to open it and get my money back.
But to pay someone $1000~ for $10,000 right now just isn't worth it. I'm still a believer in SYS, so it's worth it to just wait it out and see if I was right or wrong and to take that gamble, as I might open it too early ($10k) and do something stupid with it to lose all that too, as I have to admit, I make degenerate trades all the time (options, to be specific) for that one 10000%+ gainer I'm chasing.
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BTC just surpassed $80k and everything else is majorly up too. My portfolio looks GREAT now (it did before, but having consecutive 10% days makes it even better).
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It's a very good day to be a crypto investment holder. Are we going to see BTC hit $100k very soon? It's only time that will tell.
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My first Bitcoin investment ended up being into a pyramid scam. I didn't know better back then and left everything to be done for me.
I know better today and still have some coins in SHIB, ETH, BTC and BNB.
I sold off Ripple at one point when their case with SEC was heating up.
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BTC is now heading towards $100k. The altseason is definitely going to start when Eth crosses 3500 and holds the position. Surely, this is a good time for everyone who invested back then.
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I can say that I have a likeness for cryptocurrency but I haven't had the heart to invest in it. I have this fear that it might fallout even though it hasn't happened. I will continue with my old method of investing money till I get a heart for cryptocurrency.
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