Originally Posted by Jewish Rabbi:
Anyone have a hardware wallet? I'm into some serious money right now and want to keep it more secure. Any recommendations?
Yes many. Cold wallet for Long-term. Short-term exchange but Coinbase sucks if run either way. 2fa all. 2FA should be required or a concern if not by the exchange/site. Its far from safe but damn invested $4000 2 years ago and the total after 2 years is more than my 401K after 10 years. Preach on CP. [Reply]
Originally Posted by Smed1065:
Yes many. Cold wallet for Long-term. Short-term exchange but Coinbase sucks if run either way. 2fa all. 2FA should be required or a concern if not by the exchange/site. Its far from safe but damn invested $4000 2 years ago and the total after 2 years is more than my 401K after 10 years. Preach on CP.
Originally Posted by Demonpenz:
I bought high and the shit crashed next day hehe glad people are having fun with this expensive video game.
So a decent way to look about that is the same product that you were willing to pay 350-400 for (because you felt it had the potential to multiply that number many times over) is now "on sale".
Look at the short and long term trends for these financial products and you will notice big swings in both directions and in many cases, a big dip is followed by a huge surge.
Buy low sell high
Can't get too discouraged after just a week of an investment.
For the same price you could get 2 for a few days ago, you can almost get 3 now.
If you still think it has potential to go to much higher peaks, bows the time to load up.
It's called dollar cost averaging.
You spend 400 on the first one and the next 2 you got for 300 each, so you're into each one at 333.
It goes back to 400, you made a nice profit. Sell high and let the market do its natural "correction" to drop some in price and do it again.
I am well versed in stocks and investing. I am just poking fun at the knuckleheads that bought this thinking they were going to cash in soon. On the flip side it does concern me when it is time to get my money out, oh well I am only in for 300 anyways. Pissed more money away at Jerrys Bait shop [Reply]
Originally Posted by Demonpenz:
I am well versed in stocks and investing. I am just poking fun at the knuckleheads that bought this thinking they were going to cash in soon. On the flip side it does concern me when it is time to get my money out, oh well I am only in for 300 anyways. Pissed more money away at Jerrys Bait shop
If anyone thought they'd make. Quick buck in this is an idiot. I'm buying ethereum to hold for at least around 5 years [Reply]