Why the aversion here to investing in small cap tokens with working products? So many of the coins posted about here are too 10 coins. Yes these will go up long term, but that's not how you make it. The only large cap coins I have money in right now are chainlink, ethereum, and Uniswap. Yes I have a lot in these, but I also have a lot in smaller coins with huge potential. Some of my small cap investments have failed spectacularly and I lost all of that money but some worked out very well.

For any amount you want to invest in crypto: take 75% and go with larger coins and then take the remaining 25% and use for small cap coins. It will take a while to find some of them but they are there. I've spoken about a few on this thread. The small cap coins are where you see the 100x. This is what happened to me with Chainlink since I got in around $0.45. Some of it is luck sure but Chainlink had such widespread use that it was a near sure thing over time.

I would never recommend going all in on these situations because you should never invest money you can't afford to lose but crypto in general is risky. You should dedicate a portion of your portfolio (that you can afford to lose) to a huge gamble.

Hello Crypto thread. My name is Agsalaska and I am new to crypto trading.

A couple of buddies finally talked me in to getting on coinbase a couple of months ago and buying Etherium. Good advice.

But now I am interested in diversifying some of those profits and I think there will be some useful info on this thread like what Valhalla just posted.

But first I have a question. I am on Coinbasepro now after converting from Coinbase this morning. My one and only requirement other than security is ease of use. Coinbase seems pretty easy to me. Is that the best overall platform for ease of use?

Check out Crypto.com...easy and more coins.

Figure out how to get into Binance is the most correct answer to his question.

LatinAggie1997 said:

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YouBet said:

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LatinAggie1997 said:

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M.C. Swag said:

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LatinAggie1997 said:

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M.C. Swag said:

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This seems like super flawed reasoning (but im not a crypto expert, so take it fwiw)

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Keep ETH instead of purchasing less expensive tokens that will skyrocket?? Ok.

I like my account balances.

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...if you KNOW a token will skyrocket, why even buy anything else? Why not simply cash out the 401k, take a 2nd mortgage and go all in on the token you KNOW will rocket?

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I emptied my savings back in late 2020 early 2021 into ADA, BTC, ONE, VET, ETH, LINK, and others ...then with more research made some decisions to drop all my coins into BTC, ADA, ONE, andVET...recently buying CE amd Cards.


It has paid off very nicely. I believe in those coins not so much the others.

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How are you defining savings? You took penalties and taxes on your other savings vehicles to go all-in on crypto? That is f'ing ballsy if so.

Or are you just talking cash savings?

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I was down to felt after spending $150k fighting for, winning, and defending custody of my daughter. Raising a 10 year old alone whom plays travel softball is expensive. After the turned 18 I began saving again. I emptied my savings account of the mere $30k and put it all into crypto.

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Gotcha. Makes way more sense. I was going to be floored if we were talking cash out of 401k, IRA, etc.

Congrats on winning custody!

Valhalla said:

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Why the aversion here to investing in small cap tokens with working products? So many of the coins posted about here are too 10 coins. Yes these will go up long term, but that's not how you make it. The only large cap coins I have money in right now are chainlink, ethereum, and Uniswap. Yes I have a lot in these, but I also have a lot in smaller coins with huge potential. Some of my small cap investments have failed spectacularly and I lost all of that money but some worked out very well.

For any amount you want to invest in crypto: take 75% and go with larger coins and then take the remaining 25% and use for small cap coins. It will take a while to find some of them but they are there. I've spoken about a few on this thread. The small cap coins are where you see the 100x. This is what happened to me with Chainlink since I got in around $0.45. Some of it is luck sure but Chainlink had such widespread use that it was a near sure thing over time.

I would never recommend going all in on these situations because you should never invest money you can't afford to lose but crypto in general is risky. You should dedicate a portion of your portfolio (that you can afford to lose) to a huge gamble.

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I have minute share of BTC (0.008) and everything else is in LTC, XLM, and ADA as my top 3 holdings. Have a little bit of coin in many others in trace amounts given to me for free. So, I tend to agree with you.

Frankly, I look at BTC and ETH as sailed ships like not buying APL or some other tech stock when it first started. Can't really get mad about it. It's just the way of investing.

Binance is apparently not allowed in Texas. How do you get around that?

VPN, pretend you are not in Texas.

Safemoon went from 5 zeroes to 4.

Jet Black said:

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Safemoon went from 5 zeroes to 4.

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Next stop - 3!

No idea what to expect from Safemoon other than it's fun to watch your coin count increase

It's deflationary and wealth redistribution aspect are so intriguing

Careful with Safemoon...I read mostly it is similar to Doge fwiw.

LatinAggie1997 said:

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Careful with Safemoon...I read mostly it is similar to Doge fwiw.

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I've got less tha. $100 in it - which got me 8,000,000 coins. It's a fun one that I'd suggest playing around in if you got a couple bucks and want to go through the process of buying it.


OR go buy a whole bunch and sell it so I can have some of your coins

TxAG#2011 said:

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XXXVII said:

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Interesting discussions right now. I have 60% of my crypto holdings in BTC right now, and I still plan to add more to it. I don't know why some see it as a sailed ship. BTC has the widest adoption by major corporations right now, and it is the most well known to most people. This means it has the potential to still explode in price and stay that way. I see it as more of a "sure thing" than the other cryptos in terms of maintaining gains, even if those gains are slower over time.

The rest of my portfolio is split between ADA, ETH, LINK, and XLM. I've been impressed with XLM lately. It's my dark horse crypto.

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This is solid. A lot of recent buyers are going to get frustrated when Bitcoin starts ripping and their shiny altcoins are bleeding for months. Happens every time. Or Bitcoin tanks and alts nuke.

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BTC has no real utility. ETH does. That's why they have totally decoupled, even though ETH used to track BTC closely.

I believe investors will begin to recognize that the utility of blockchain tech is what's attractive. BTC has no utility and therefore no inherent value and is, more or less, useless beyond being a "currency". ETH can similarly serve as a currency AND it has utility.

ETH, on the other hand, is currently being used at an institutional level. I sincerely believe it will overtake BTC in market cap unless a better alternative presents itself. Specifically, I believe ADA, LINK and DOT are poised to do exactly that over these next several years.

I believe BTC goes the way of Netscape and AskJeeves, while a select few alts become the next Google or Facebook. Maybe I'm wrong, but if I'm right...paydirt.

TriumphForks said:

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The way things worked out for me is mainly owing to bad timing on my part. But the thing that makes this difficult is it is impossible to really predict what is going to happen. We could be close to a top now, but nobody knows. If we are indeed close to a top and you are just now getting in for the first time, be prepared for some pain.

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I just got in for the first time in March with ETH and Litecoin. But I have already more than doubled my initial investment.

I think I am going to put a stop sell at 150% of my initial investment and let it sit for a while.


I was totally blind to this stuff until I started reading about it late last year. Seems to be far more volatile than the traditional markets but also more flexible.

XXXVII said:

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Interesting discussions right now. I have 60% of my crypto holdings in BTC right now, and I still plan to add more to it. I don't know why some see it as a sailed ship. BTC has the widest adoption by major corporations right now, and it is the most well known to most people. This means it has the potential to still explode in price and stay that way. I see it as more of a "sure thing" than the other cryptos in terms of maintaining gains, even if those gains are slower over time.

The rest of my portfolio is split between ADA, ETH, LINK, and XLM. I've been impressed with XLM lately. It's my dark horse crypto.

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Sailed ship from the point of view that it takes more money to move the needle. I still buy some every month on a recurring basis, but I'm basically chipping away at a mountain.

wareagle044 said:

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LatinAggie1997 said:

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Careful with Safemoon...I read mostly it is similar to Doge fwiw.

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I've got less tha. $100 in it - which got me 8,000,000 coins. It's a fun one that I'd suggest playing around in if you got a couple bucks and want to go through the process of buying it.


OR go buy a whole bunch and sell it so I can have some of your coins

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Yep. Paid about $40 for 5,000,000 coins. At most I'm out $40. I'm enjoying watching and if i end up making some real money, even better.

If you've held $eth from Jan 2020, you've outperformed $Btc by 300%.

— 0x_Infinitum (@CryptoMessiah) May 10, 2021

What point is he trying to make? You can make that claim for quite a few protocols.

Whew wee!! Lots of stops taken out. Cheese and crackers.

Gonna buy this dip

This is not looking good. Feels like the washout is coming.

TxAG#2011 said:

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This is not looking good. Feels like the washout is coming.

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Get some of that dip!

Ugh. There's blood on all my cryptos. I bought ADA last night when it was around $1.70. Wish I had waited until now.

XXXVII said:

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Ugh. There's blood on all my cryptos. I bought ADA last night when it was around $1.70. Wish I had waited until now.

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Good opportunity to lower your basis

ADA rebounded real quick

Nm

TexasAg2017 said:

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ADA rebounded real quick

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Because I bought some. Should **** the bed soon though.

FattyDelights said:

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Whew wee!! Lots of stops taken out. Cheese and crackers.

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I'm really curious why now was the time that people are selling all different types of crypto. It seems like everything is down. Or is this the BTC gravity effect?

Just now. I think it's back though.