A coworker is bugging me allday how the "BEST" coin/token will be the next big thing.. Some coin created by Bitpanda. Told him it was probably a shitcoin, his gaze was amazing
Welp, Bitpanda is legit tho and one of the most interesting exchanges/broker to date. From central europe (Austria) and completely regulated with a PSD2 license. I trust them more than binance or coinbase, that's why I chose to invest a bit in BEST too.
One scenario I presently favour is ETHUSD falling to around 140-150 by the end of the month, say August 27-30, before bouncing to something like around 260-290. If that all happens, then what happens at that higher target will determine whether we sag down to something like 40-60, or move higher from there.
As always, there are no guarantees that any of this happens. This is what the charts presently suggest to me, but anything can happen. Trade at your own risk.
Brandson, do you still see ETH bottoming at 140-150 and going up?
Your prediction about the time when it was going to drop was scarily accurate and it seems to has leveled at 165-170
I expected it to fall a bit faster and farther. It instead went sideways more than predicted before the dump to the 160's. It's possible that that was the short term bottom. The picture isn't super clear to me at the moment. I could see another retrace into the low/mid-170's then a push above 200, or revisiting the 160's again. If 163 was the bottom then that's a bit more bullish than my predicted scenario. Buying the next mini-retrace sometime this week could be a decent risk play, if you're careful. Trade at your own risk.
My favorite hardware wallet is the Coldcard (it's Bitcoin only). If you want something easier to use and supports shitcoins go with Trezor or Ledger, but I think Coldcard is more secure.Can someone recommend the "best" wallet? First time bitcoin buyer here. I've seen that desktop wallets are susceptible to bitcoin-stealing malware and web wallets - if hacked, your funds are at risk. I've setup a coinbase account but am interested in tinkering with cold storage. Not sure how technical you have to be though to intiate something like that.
Edit: Also, I'm a little confused. If you take your bitcoin out of an exchange and into a wallet, you won't be able to potentially get more when the pump happens.. if I'm using that term correctly? So putting your bitcoin on a paper wallet or hardware wallet takes your tokens out of the "market", but you are less susceptible to break-ins. I'm not sure if that's the correct logic or not.
Can someone recommend the "best" wallet? First time bitcoin buyer here. I've seen that desktop wallets are susceptible to bitcoin-stealing malware and web wallets - if hacked, your funds are at risk. I've setup a coinbase account but am interested in tinkering with cold storage. Not sure how technical you have to be though to intiate something like that.
Edit: Also, I'm a little confused. If you take your bitcoin out of an exchange and into a wallet, you won't be able to potentially get more when the pump happens.. if I'm using that term correctly? So putting your bitcoin on a paper wallet or hardware wallet takes your tokens out of the "market", but you are less susceptible to break-ins. I'm not sure if that's the correct logic or not.
My favorite hardware wallet is the Coldcard (it's Bitcoin only). If you want something easier to use and supports shitcoins go with Trezor or Ledger, but I think Coldcard is more secure.
If you have an old computer or phone that you can wipe clean and keep it offline all the time, you can use a software wallet on it safely. I'd go with Bitcoin Core or Electrum for desktop/laptop. Samourai or Green Wallet for mobile. Again these are Bitcoin only.
If you want to sell your Bitcoin after a pump, you just need to send it back to an exchange (like coinbase) to put it "back on the market" again.
I expected it to fall a bit faster and farther. It instead went sideways more than predicted before the dump to the 160's. It's possible that that was the short term bottom. The picture isn't super clear to me at the moment. I could see another retrace into the low/mid-170's then a push above 200, or revisiting the 160's again. If 163 was the bottom then that's a bit more bullish than my predicted scenario. Buying the next mini-retrace sometime this week could be a decent risk play, if you're careful. Trade at your own risk.
I think all shitcoins are going to zero.Awesome, thank you for the options.
And thank you for spelling it out for my rudimentary-ass lol.
Also, I hope to be in this for the long-run (dollar-cost-averaging). I'm thinking, selling 25% of any profit after a pump so that I don't want to jump off the face of the planet; in the case (a pump) happens. Do you think the same investment approach would work with shitcoins like Ethereum and Litecoin?
To a Bitcoin Maximalist, everything other than Bitcoin is a shitcoin.
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I'd be excited by this if every exchange I held coins on didnt go bankrupt lol
Yeah, I know I should have kept them in wallet..
Burnt a grand. Could have been worse I suppose.
Buy and hold (Bitcoin) for 4+ years is the best strategy and requires no free time. Just sayin'Damn those drastic moves really tempt me to get back into the market, however I have so little time to pay ongoing attention that it just wouldn't work for me right now.
Learned my lessons in 2017, still got some ok values left (but obviously in the red overall) and I think I might be ready to "play this game" better if I were to take part again, especially since I wouldn't be looking for quick lambos but long-term successful strategies. But I still feel I'd need an at least consistent amount of free time to dedicate to crypto in order to profit from it...
Securities regulators in Canada have ordered that a Bitcoin ETF from 3iQ be approved, pending some minor changes. The order of the OSC is available here: https://www.osc.gov.on.ca/documents/en/Proceedings-RAD/rad_20191029_3iq-2.pdf
I have not seen this reported anywhere yet.
Buy and hold (Bitcoin) for 4+ years is the best strategy and requires no free time. Just sayin'
Here is my current thinking about the crypto asset market. Feel free to disagree.
It's my view that the time for amateurs like me to make money reliably on crypto is over. Professionals can possibly still do it though.
I believe that retail interest is not there and continuing to evaporate.
I think there is significant risk that at least one major US or international crypto exchange is going to shut down in the next year, either due to unprofitability or through an enforcement action.
It's impossible to predict how the Crypto Capital legal proceedings will affect the crypto market, exchanges, and other market participants, but that is something I will be watching with interest.
Being overexposed financially to crypto now is very risky. A safer play while continuing to participate in the potential of this asset class, is to perhaps hold a small amount of an overall portfolio in a Bitcoin ETF, when available, and leave it alone for a long period of time. It's possible crypto could fall another 50% or more from here, or just meander around the range of the last few months for a long time, liquidating traders in both directions. It's also possible assets like Bitcoin and Ethereum will never return to their highest values.
I think decentralized finance and digital assets are legitimate innovations. I just don't think that the current state of the crypto market is healthy.
I'm counting on the trend from a decade of Bitcoin price data to continue:
The next Bitcoin halfing will be around May 2020 (when the supply of newly mined coins is cut in half), that has historically triggered a parabolic rise in price. It might not happen soon afterwards, and I'm ready to endure lower prices for another year or two, but when the rocket launches I don't want to be on the sidelines wishing I was on board.
I'm only interested with accumulating and holding BTC... No trading, no ETH, and no "crypto".