Cryptocurrency Investment - Got a BTC Account Set up Now Where to Invest?

[Deactivated] on 17/08/2017 - 14:30

After reading a few of the forums on Cryptocurrency investment I decided to get a BTC account set up. That only took about 10 days and they even posted out a letter on paper, yes paper…! However now I have this account open and want to invest a couple of grand, not actually sure where to start. ETH seems to be discussed and perhaps I should buy some of that… Or is Bitcoin just marching on up?? And what is Ripple? Could buy a lot of that at 22c a go…..

I realise any investment is a risk, just wondered what others are doing

Financial

Comments

  • AlienC on 17/08/2017 - 14:58
    +1

    I would say 95% bitcoin 3% ethereum 2% what other coins you like.

    I read somewhere ethereum already had its 10x this year but not bitcoin yet.. and its price is crazy now so…

    • CricNix on 07/12/2017 - 17:58

      (profanity) man. How did you…?

      • AlienC on 08/12/2017 - 08:24

        Not too bad but I didn't follow my own advice and went ripple and only bitcoin recently maybe a week or so ago.

        I hope somebody else did though. Kudos to them..

        I think I put like a few hundred and it is nearly double now.

        • CricNix on 08/12/2017 - 08:32

          Still good on you. I just started researching a couple of days back. Signed up for an account at Independent Reaerve last night and still waiting for them to verify and only then will be able to buy. Every passing second, I’m losing money. No idea even if it’s worth buying now.

        • AlienC on 08/12/2017 - 12:17

          @CricNix: I know how you feel man it's a big guessing game but my gut is telling me it still has some to go.. and AS always only put what you are willing to lose or prepared to lose.

  • r0k on 17/08/2017 - 15:00

    Try looking into some crypto currency funds. They allow you to invest into a diversified portfolio of coins.

  • dylanando on 17/08/2017 - 15:00

    Majority Bitcoin and split 1/3 between several other coins, My eye is locked on litecoin. It's had massive growth since Jan. Though enjoying the recent btc action :P Good luck

  • EightImmortals on 17/08/2017 - 15:13

    In the same boat. Looking at BTC, LTC, ETH and NEO.

    Watch out for the ICO's, they're everywhere at the moment and the whole thing reminds me of the 90's dotcom era. Expect a bust at 'some' point where the main players will survive and go on to great heights. It also has the vibe of starting to go mainstream in a real way.

    Tons of great info on this site (no affiliation) https://99bitcoins.com/

    And check out the sites that have a bitcoin faucet, example here: https://99bitcoins.com/register-faucet/

    Price comparison page here: https://cryptowat.ch/

    (I R still crypto-noob so DYOR. :) )

  • railspider on 17/08/2017 - 15:22
    +5

    You need to get in on an ICO. May I suggest the soon to launch OzBargainCoin (OZB) - it's poised for massive growth, and just holding the coin will give you access to unlimited bargains through the blockchain-backed website www.ozbargain.com.au

    If you want to get in on the ground floor of this high yielding investment, private message me for my paypal address. I'll act as your broker and get you a great deal - minimum investment is just $1,000 AUD (fiat currency! Yuck! Who needs that)

    Then sit back and relax, the only thing you have to worry about is how you'll manage to spend all of the money you're going to make!!

    • EightImmortals on 17/08/2017 - 15:40

      Sounds like a great idea! Please post a copy of your white paper so we can all check it out! :P

  • owli on 17/08/2017 - 16:41
    +1

    now I have this account open and want to invest a couple of grand

    Consider dollar cost averaging (DCA) every week when you get paid.

    If you dont want to DCA as you want more skin in the game asap and are going to treat it as an investment, then I think you need to truly imagine that this is the top for Crypto from here on and you are about to experience a 90% drawdown, a slow bleed over 2+ years, ask yourself if you are honestly comfortable with that?

    The market moves in waves, you were not invested when it was consolidating for 2+ years, but we NEEDED that consolidation to see the gains we are seeing now.

    Make cold storage wallets, I find it makes it harder to impulse sell as there can be more work involved in moving it.
    Also you then have something tangible that is at no risk of being hacked through the internet, however, it may be lost/damaged/stolen physically, like a bundle of cash.

    Disclaimer I have been holding BTC for many years (2012), and only now am I thinking of investing in alts long term, yet to pull the trigger.

  • supatight on 17/08/2017 - 16:56

    I have invested in ripple and golem wanting to also get into NEM & Maidsafecoin when I get a chance

  • mskeggs on 18/08/2017 - 08:06

    What is your 'investment' strategy? Is it https://en.wikipedia.org/wiki/Greater_fool_theory or something else?

    • supatight on 18/08/2017 - 09:42

      yep people said the same thing about bitcoin look at it now 1 coin is 6000 aud

      • mskeggs on 18/08/2017 - 17:25

        Are you holding this investment long term?

        • supatight on 18/08/2017 - 17:32

          the trick with crypto currency never sell always hold long term reap rewrds later

        • mskeggs on 18/08/2017 - 18:14

          @supatight:
          Do you also have South See Company shares, Dutch Tulips, pets.com stock or Poseidon Nickel shares for the long term? Or am I missing your sarcasm.

        • supatight on 18/08/2017 - 18:18
          +1

          @mskeggs: make fun all you like mate cryto currency is here to stay might as well get in early and make $$$ while you can

        • mskeggs on 18/08/2017 - 21:52
          +1

          @supatight:
          I hope you do make money, but I would urge you to do some sales along the way. The people holding all the tulips at the end weren't the ones who made money, but the ones who sold when prices were irrationally high. Tulips are here to stay also, but they have never recovered a fraction of their value from the bubble.

        • supatight on 18/08/2017 - 21:55

          @mskeggs: thanks mate

  • ggrant on 22/08/2017 - 07:31

    OzBrains? Does Cryptocurrency = INTEREST Rate SCAM?

    If I transfer money from a bank earning 3%, into a Bitcoin wallet, I earn no interest. But my funds are transferred into someones real world bank account. They get the interest, correct? Interest on billions of dollars of other peoples money.

    My question is where is the money, and who earns the interest on my cash?
    Is this possibly the overlying scam with Bitcoin?

    PLEASE ANSWER IF YOU KNOW.

    • narbe on 24/08/2017 - 00:35

      I think you need to understand basic economics

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