12-08-2021, 05:34 AM
(12-05-2021, 08:01 AM)RTBoss Wrote:(12-04-2021, 11:13 PM)Raykon Wrote: For someone who is new to crypto & doesn't understand the system yet, What would you recommend I look into first if I I only had 2-3k to invest?
For those new to crypto, I'd recommend simply signing up for a reputable exchange - like Coinbase, Kraken, Gemini. Coinbase is where I started. It's as easy as signing up and linking your bank account.
The "safest" thing you could do is open an account with Celsius or Nexo and deposit stable coins there. Stable coins are pegged to $1. There is little volatility, whereas you'll see other tokens make large gains and drop just as quickly. Any "bad news" and you'll see the value of your holdings slide. In crypto, that's totally normal, and just holding is your best bet. Trying to swing trade is a losing battle for most. Anyhow, if you put stable coins into one of those, you'll get around 10% interest. Much better than any savings account at a bank.
Coinbase has the "Earn" campaign, where you can watch videos and learn about different crypto. You take a quiz, and when you pass, they'll give you free crypto (somewhere between $3-9 worth).
If you can catch Ethereum (ETH) below $4k and Bitcoin (BTC) below $50k, those are good bets. Long-term, ETH should head toward $10k, and BTC back toward $65k.
I started when BTC was around $7900 last year. Then I started learning about other Top 10/Top 100 cryptos. So start "safe," don't put all your eggs in one basket, and start reading up. There's a ton of information out there - Medium articles, "crypto" Twitter (large community of crypto enthusiast on Twitter), YouTube, etc.
Really Valuable, thanks RT
