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» Crypto crew - want to buy my first ever crypto. Have $850…
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post 1651489913 11-25-2021, 02:11 PM
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Crypto crew - want to buy my first ever crypto. Have $850…

I know it’s not a lot but that’s what I have. Want to spend/invest it all on crypto.

What app or service should I use? Money is in my bank and I don’t know the next steps.

Best strategy? I will put in $500 a month into it I’m thinking…what’s a good game plan?

Need to be able to pull and use the crypto quickly if I need the money in the future.

Reps till out
**^^ gone ^^**
post 1651490133 11-25-2021, 02:17 PM
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1. don't do it. crypto is rat poison squared.
2. buy VFIAX instead.
3. if you insist on buying crypto, consider using Coinbase.
post 1651490193 11-25-2021, 02:19 PM
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#3
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Do some research across the interweb and pick 10 low cap altcoins, spread the money across them, and hope just one goes 5-10x and count on losing the rest

Rinse and repeat until lambo

Best to get in before they hit the exchanges because that usually signals top is near
Coincel
Florida crew (lol at coldcels)
post 1651490793 11-25-2021, 02:36 PM
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Originally Posted By GordonXXX
1. don't do it. crypto is rat poison squared.
2. buy VFIAX instead.
3. if you insist on buying crypto, consider using Coinbase.
VFIAX is minimum investment $3000. I have $850

What about VOO?

I shouldn’t have sold and sat on cash (to hedge against another move I made) back in august 2020. Heart sinks everytime I see the prices now. Fuk!

I liquidated all my stocks and ETFs back then and still sitting on cash trying to time the market. Selling was ok since it was a financial decision I made but not getting back is has been even worst.

Doing it today though. Gonna go ahead and put 50% it back today (Ofcourse executes in the morning)
**^^ gone ^^**
post 1651491013 11-25-2021, 02:41 PM
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Lol at the responses.


I can tell no money was ever made…
post 1651491153 11-25-2021, 02:44 PM
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#6
  1. GordonXXX
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Originally Posted By TryingBB
VFIAX is minimum investment $3000. I have $850

What about VOO?

I shouldn’t have sold and sat on cash (to hedge against another move I made) back in august 2020. Heart sinks everytime I see the prices now. Fuk!

I liquidated all my stocks and ETFs back then and still sitting on cash trying to time the market. Selling was ok since it was a financial decision I made but not getting back is has been even worst.

Doing it today though. Gonna go ahead and put 50% it back today (Ofcourse executes in the morning)
yes. VOO is good! also if you want a stocks+bond (63%+37%) fund, look at the STAR Fund. $1K minimum. VGSTX. buy directly from Vanguard. no Advisor needed. set up automatic investment every month from your checking account. set it and forget it. don't invest in stocks unless your time horizon is 10-20+ years.

https://investor.vanguard.com/mutual.../profile/VGSTX
post 1651491193 11-25-2021, 02:45 PM
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#7
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Originally Posted By GordonXXX
1. don't do it. crypto is rat poison squared.
2. buy VFIAX instead.
3. if you insist on buying crypto, consider using Coinbase.
Lol what kind of mental gymnastics does it take to try to convince oneself and others that statistically the best investment in the history of investments is a rat poison squared?
post 1651491293 11-25-2021, 02:47 PM
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#8
  1. kusok
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Originally Posted By GordonXXX
yes. VOO is good! also if you want a stocks+bond (63%+37%) fund, look at the STAR Fund. $1K minimum. VGSTX. buy directly from Vanguard. no Advisor needed. set up automatic investment every month from your checking account. set it and forget it. don't invest in stocks unless your time horizon is 10-20+ years.

https://investor.vanguard.com/mutual.../profile/VGSTX
Voo profits = none (inflation is as high as that miserable 15% return you make on voo)

Sol profits on the last few weeks: 10x your money.

I Rest my case.
post 1651491393 11-25-2021, 02:50 PM
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#9
  1. AWSbruh
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850 is not enough to move the needle unless you get lucky with one or the smaller coins. Try to get 10k loan at a low interest rate and put everything into bitcoin. It will be 100k by next year srs
post 1651491763 11-25-2021, 03:01 PM
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#10
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Originally Posted By AWSbruh
850 is not enough to move the needle unless you get lucky with one or the smaller coins. Try to get 10k loan at a low interest rate and put everything into bitcoin. It will be 100k by next year srs
Bad idea, never borrow to speculate, do you know what those big red candles are every few days on bitcoin? That’s whales playing games to eliminate the leveraged retards so they get a margin call and lose all of their money, never ever ever borrow to invest. Invest only and only what you can afford to lose easily without as much as shrugging your shoulders if you lose all your money.

Also, there is a high probability of a bear market for a bitcoin, nothing goes up forever.
post 1651492763 11-25-2021, 03:31 PM
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Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.

So it really is not anonymous?
**^^ gone ^^**
post 1651493363 11-25-2021, 03:49 PM
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#12
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Originally Posted By kusok
Bad idea, never borrow to speculate, do you know what those big red candles are every few days on bitcoin? That’s whales playing games to eliminate the leveraged retards so they get a margin call and lose all of their money, never ever ever borrow to invest. Invest only and only what you can afford to lose easily without as much as shrugging your shoulders if you lose all your money.

Also, there is a high probability of a bear market for a bitcoin, nothing goes up forever.
They said the same thing at 8k lmao. Ok buddy. Bitcoin is guaranteed to hit 100k especially with the inflation that’s going on right now
post 1651493573 11-25-2021, 03:55 PM
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#13
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Originally Posted By TryingBB
Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.

So it really is not anonymous?
You can store your crypto yourself on a cold wallet, meaning not connected to internet. Then yes, it’s very secretive. But it’s easier to use coinbase where they keep your crypto for you, and yes, they need your name and info LOL, don’t worry, nobody cares about you or me or anyone else. Nothing bad will happen to you. Like literally nobody gives a sheit. Relax.


To buy crypto it’s better you set up robinhood or better webull (more choices than robinhood) because it’s commission-free. If you use coinbase, get coinbase-pro as well, because fees to buy and sell are much much lower.

How you would want to do this as far as investing in crypto is like this: watch invest answers on youtube for conservative advice, and something like crypto banter for more risky advice, buy ONLY and ONLY on dips, when price is REALLY REALLY low, and buy only good stuff, this way if price goes down it doesn’t matter, it will rebound, but low quality coins may go to zero. Good stocks and coins are like a bouncing ball, they always come back. Just have patience and never sell until you are ready to buy that Ferrari

Classic advice on how your portfolio should look like is 50% bitcoin, 25% Eth, 24% smaller coins, and 1 maximum 2% of really risky stuff that can 100x or go to zero.

For examples of what a dip is, SOL you should buy at $191, Fantom at $1.90 etc. Use BOLL indicator on webull and buy ONLY when stock or crypto is under or on the bottom line, or sitting on some EMA. NEVER buy anything that went up 10% that day or past week. We don’t buy green, you buy when there is blood in the streets.
post 1651493623 11-25-2021, 03:56 PM
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#14
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SNFT erc20, easily a 5-10x in the next month. They're working with bitboy, just released their product. NO ONE knows about it. Easiest short-term non-****coin flip
post 1651493723 11-25-2021, 03:58 PM
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#15
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Originally Posted By TryingBB
Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.

So it really is not anonymous?
it's not

sucks ass especially for non US residents

can't find any good exchanges that aren't kyc
{\_/}
( - .-)
/=>🎧
post 1651493873 11-25-2021, 04:01 PM
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Originally Posted By AWSbruh
They said the same thing at 8k lmao. Ok buddy. Bitcoin is guaranteed to hit 100k especially with the inflation that’s going on right now
I hope so, bitcoin is my biggest position by far, but I would literally sheit my pants at the thought of borrowing to speculate. I think it’ll be 1 mil in a few years, but the road can be WAYYYY too bumpy to borrow to invest..

I can only see borrowing after some spectacular crash, like at least a 40-50% crash, and if it seems like there is confirmation of a rebound then yes, I’m taking out 6 figures to put on bitcoin and smaller faster alts. But still it would be 6 figures that I actually can easily pay back if bitcoin goes down again.
post 1651493983 11-25-2021, 04:03 PM
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Originally Posted By zyzzliftswjesus
SNFT erc20, easily a 5-10x in the next month. They're working with bitboy, just released their product. NO ONE knows about it. Easiest short-term non-****coin flip
Spain national fan token???
post 1651494763 11-25-2021, 04:29 PM
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My safe pick is always ethereum, but if wanted something a little more risky I'd pick Polygon (Matic) perhaps - second layer solution to eth and its' currently high gas fees. Currently ranked 17. The NFT area especially needs these lower fees. There's other ones even smaller for this like IMX as well. Lower ranked and small caps is more of a gamble and you need to do your own research or have insider info for it to work out on such a small amount. Then try put any decent gains you get in to well researched smaller caps to x up your eth/btc stash.

Regarding taking loans to get started, I think it can be good in some cases...that's how I started over 4 years ago...and increased it when btc dropped to 3.2k or something like that and it's just a tool that can work out well. Never would use high leverage on exchanges though.
post 1651495083 11-25-2021, 04:35 PM
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Its a crap shoot.
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*Buy high, sell low*
post 1651495353 11-25-2021, 04:43 PM
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If you're only investing that much you have to play chitcoin casino to make any substantial gains.
PUREBLOOD CREW
post 1651495413 11-25-2021, 04:45 PM
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Make a kucoin and put it all in sylo for a 50-100x

Mcap for sylo is 13mill


At just 3b mcap that would make your 800$ into 200k

Or put it all into grt and maybe get 40k since we’re about to blast off. Grt is a top 10 coin
post 1651495503 11-25-2021, 04:47 PM
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Originally Posted By kusok
Spain national fan token???
seedswap.io
social.seedswap.io
post 1651496133 11-25-2021, 05:06 PM
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Originally Posted By AWSbruh
850 is not enough to move the needle unless you get lucky with one or the smaller coins. Try to get 10k loan at a low interest rate and put everything into bitcoin. It will be 100k by next year srs
90% sure Bitcoin isn’t going to 600k this cycle

Btc is garenteed to top out at 280k this cycle but not 600k
post 1651497153 11-25-2021, 05:34 PM
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#24
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FCUK Coinbase. They have screwed many people, including myself and have basically ZERO customer service.

Use crypto.com app. They actually have excellent customer service and the app is easy to use, and you can stake your coins if you want to earn interest on them later on.

How risky do you want to be with your 850$? More risk/potentially more reward would be the “buy 10 alt coins and hope one skyrockets” route that another bruh posted.

Or you could do the smart longer term/ lower risk route and set up a recurring investment of 50$etherium/$50 Bitcoin weekly for the foreseeable future. This is “dollar cost averaging”, a smart approach if you don’t want to pay too much attention to your portfolio and just let it grow over time.
post 1651497353 11-25-2021, 05:39 PM
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ah yes I would like 1 of your finest criptoes please
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