so i do not understand wallets well and not comfortable at this point handling it myself.
1. is it alright to invest in one of the etfs?
2. i recall a while back Grayscale was upside down bc of their stock listing or something like that - with that said, if alright to do so, which etf would you advise buying?
Ark, Grayscale, I-shares, others?
3. would you also buy a Ethereum etf or stick with bitcoin?
TIA!
garrett, thoughts?
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If you don't own the keys, you don't own shit ... great taking
Don't know much about these ETFs.
Investing in major cryptos like BTC or ETH when they hit highs or near-highs is very risky. The upside is limited, the downside is huge. Keep in mind that it's basically accepted/proven at this point that this stuff has near zero real life utility.
If you want a super easy-to-use wallet, get Exodus. You can use it in app form or on your PC, or both. Exodus is safe to use to send to/from gambling sites. Not sure if you can buy crypto through it in US (I know they have the feature, though) because I've never tried. But you can buy on Coinbase or whatever and send to Exodus.
sah_24 is correct that you don't actually have the crypto if you don't own the keys (which you don't on Exodus), but as long as you don't keep massive money there, it's worth the risk to just avoid the hassle and learning curve of storing it all yourself. There's also a risk of owning the keys, as if you lose them, your crypto is gone.
Generally its considered a strong play to invest in something you don't understand. What do you have to lose?
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Buy a bible
a real investment
Easier said than done, but here is the real way to make $$ in crypto nowadays:
- Keep your eyes peeled for a new memecoin, or for an existing crypto whose value was previously depressed and has a very solid reason to make a comeback (Solana was a good example recently, but the time for that has passed)
- Buy a bunch with the promise to yourself to where it's a short term investment
- Watch very carefully when it "pops", and sell everything as soon as it appears to level off
Buying bitcoin at 69k isn't going to do much for you. Even if it hits 100k, you've made less than 50%. And it can easily crash and wipe out much of your investment.
The real potential with crypto is to make orders of magnitude above your original investment.
And the absolute absolute absolute WORST thing you can do is buy a memecoin or NFT on its way down. Like actually never do that.
Originally Posted by BetCheckBet
just gambling, my man.
I just stick to biotechs. They have huge risk but obviously tremendous upside. Take $20,000 and invest $2,000 in 10 of them, and watch. 5 will go down for sure, 3 will be net neutral, 2 will spike and if one goes to Pluto you will make bank.
Obviously a pure gamble, but Moderna used to be a piece of shit.
Then Moderna killed a lot of people with their vaccine, now they are swimming in cash.Obviously a pure gamble, but Moderna used to be a piece of shit.
Save a Cow - Eat a Vegetarian, they're grass-fed.
I just stick to biotechs. They have huge risk but obviously tremendous upside. Take $20,000 and invest $2,000 in 10 of them, and watch. 5 will go down for sure, 3 will be net neutral, 2 will spike and if one goes to Pluto you will make bank.
Obviously a pure gamble, but Moderna used to be a piece of shit.
i had 500 sh precovid
which ones are you top 3-4 plays?
Bitcoin is you're Core Assett
Always Bitcoin first and the problem with Eth is the (GAS) so Fee involved in every purchase/Use. And the actual Fee can change every second of everyday based on the Ethereum Blockchains Congestion at the time, and make a purchase sometimes cost 4x more in FEES then the Cost of the Good. So functionally the Ethereum Blockchain is different still has uses of course just different than what you're investing in with Bitcoin Blockchain..
Are you looking to trade or looking to buy and hold as a store of value or use for funding other adventures?
If its a trade you will be fine with the ETF’s.
If you are looking to own the asset for its intended purpose of self custody or to use to send to others/sites you will need a ledger/wallet.
As for BTC vs others I am a BTC only guy. If this is a gamble for you then buying alt coins can pay higher than most sports parlays but can evaporate just as quickly.
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