Bitcoin - way to invest

coinbase pro…not coinbase
less fees

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Getting on the bandwagon, or is it FOMO?

I haven’t invested, but I think @laguiar was suggesting Binance and also Coinbase, though I think it was mentioned that Binance was cheaper. I don’t know much though:

I’ve got a little bit on Argo. :crossed_fingers: this is a long term HODL for me. The company had increased its profits recently, so see how it goes…

Binance is good and works for me. Low trading fees/ currently no deposit fee if you pay Fast Bank Transfer. You can also ā€˜stake’ and/or ā€˜ flexible save’ unused coins to earn you interest. So much on the app you can do.

You can even take a punt on coin Futures , which allows you to go Short and go Long , which to me is the closest thing to a CFD.:grinning:

Yeah use Binance , I can send you a referral code if you want. I’m addicted to Binance .:grinning::crossed_fingers:

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Binance is the best CEX :sweat_smile: (screenshot below)

Kraken and Coinbase Pro runners up.

As for futures, Phemex :+1:

Just need T212 to add the order book and trades!

Binance and Kraken has the ā€œbest crypto for moneyā€ when considering trading and withdraw fees. (Kraken wins by a little)

If you plan to keep your Bitcoin in the exchange, what I don’t recommend to do it longer, then might be interesting to considere Coinbase Pro, buy on it, then move to Coinbase and keep the coins in the Vault (or whatever other name they use).

I used to trade Bitcoin a few years back and tempted to get back into it. Knowing me I’ll get bored of making just a few pennies at a time.

I think BTC is nearing its top. Once economies get going again funds will move out of BTC plus it’s not environmentally friendly and has issues with a lot of it being mined in China.

Regulations will be implemented, hype will die, BTC will drop.

:arrow_up_small::volcano:ā:six_pointed_star:

I have been waiting for a massive drop for months. I would like to see a good drop, I think money will just move from btc to altc

Not sure I agree with this. Bitcoin goes through halving every so often hence reducing supply. And also large financials (j p Morgan I thinkšŸ¤”) are starting to offer actively managed Crypto ETFS and So their stance has changed towards crypto. Plus companies like Tesla accepting Bitcoin as payment. BTC has many tradable pairs on the exchanges so it’s like the anchor /go to crypto for that asset class.

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They’re just taking advantage while they can, people will buy that fund and they charge a fee…They will then hedge against bitcoin and have income from the ETF fee.

Crypto is so dumb. Everyone I know is buying it and can’t even explain what it is or what it does. No thanks, herd mentality at its finest.

P.S. Sh#tcoin is up 50% today, yes that’s a ā€˜real’ coin…poocoin also looking good.

Also mining bitcoin used more energy than Argentina did for a year, aren’t we supposed to be environmentally friendly/carbon neutral?

Yes mining Bitcoin takes a lot of energy and not good for environment in that respect. Other mineable coins claiming to be more energy efficient so may surpass Bitcoin in future if crypto investors become more ESG aware.

I agree that Bitcoin and crypto asset class is risky , with a short price/technical history to go from. But an asset class currently outstripping anything else. One needs to exercise strict risk management and only invest what you can afford to lose when dabbling in Cryptos.

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Fun fact.

Boys meet each friday for a beer.

BTC(crypto) was topic few times during 2017/2018 bull run, mostly at peak heights plus few months after drop.

Fast forward to 2021, since 2018 there was maybe 1 or 2 mention until few months back. Since then, every friday biggest discussion is on crypto topic.

Biggest take, non even understand the logic of exchange, aka in order for someone to gain other has lose money.

All expect to gain cash for apartment/car etc, ā€œsell before October 2021 crashā€, aka sell at top.

Does this sound familiar?

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Just to clarify, is this true, as in, relating to your friends or is it just a story to ilustrate/show your point?

Real life scenario. Aka friends/acquaintances.

Here I am, a fool, trying to get 8-10% returns(per year) on my money, while my circle of familiar is 10x -100x their money. :partying_face:

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Sound like me, a true gutter dweller.

As someone said (Warren Buffett):

ā€œBe fearful when others are greedy, and greedy when others are fearful.ā€

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It is a pyramid scheme!

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