There has been I believe 7 spikes in Bitcoin. You might be better served letting it tank and then invest. Or you could just Ride The Lightning! Keep us informed, curious how we all do and what we all do.I am sending that $10,000 to Coinbase. **** that it was losing money sitting there. I don't care buying in high now. It has more room to grow I think.
Yeah I have not bought yet. I linked one of my banking accounts to Coinbase but decided to wait. I installed a ticker in the Windows 10 taskbar so I can keep an eye on it. I am terrible with trading so as soon as I press buy it will probably drop like a rock lmao!And it’s tanking...
I've had $10,000 sitting in a savings account for more than 3 years now. I kept it around in case I needed it. It's accumulated a whopping $26 in interest during that time. I could have bought 3 Bitcoins with that $10,000 when Bitcoin hit rock bottom in 2018 and that would have been close to $120,000 now. Or I could have bought stock with it. I did put money in crypto the past few years and doing ok now but still wish I had taken that $10,000 into BTC. It's still sitting in the savings account doing nothing.
By doing nothing I lost out on $110,000.
And thats my current issue almost exactly...its been just chilling not doin shit
I started using PayPal to buy crypto. It's got a fee but it's easy to do. You are limited on what you can buy though. Currently only offer Bitcoin, Etherium, Bitcoin cash and lite coinI'm sure it's been asked a million times but what's the safest way to get into buying crypto? Having seen these ups and downs a few times over the years and the crazy runs this shit can go on I feel like it's stupid not to hop in on the next dip and see what happens. The only thing that has kept me from doing it in the past is the fact that it feels like I'm just opening myself up to getting my accounts drained, almost like trusting those Nigerian Prince emails lol. Is it safe to link your account to coinbase? Or are you guys just using spare accounts and only keeping money you invest in it to keep your normal accounts safe? Or would it be better/easier to use the robinhood app?
Ohh good point.If you are looking to actually HOLD your OWN Bitcoin, then I don't think paypal or robinhood is the way to go.....you'd want to use Coinbase/Gemini/Kraken b/c after you buy it, you can then transfer it to your own wallet.
IF you are looking for exposure to Bitcoin, then paypal and robinhood are fine.
lol that's awesome!