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About to get $2,200 from State of Alaska. Direct me where/what crypto to buy
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Date: October 3rd, 2017 10:25 PM Author: blue vibrant partner deer antler I have a coinbase account and a blockchain account (apps rather).
I don't need the money, but would rather put it in something nontraditional rather than blowing it on blow in vegas or something. |
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Date: October 4th, 2017 2:13 AM Author: flickering striped hyena chapel you're better off apportioning it roughly in line with the inflation-adjusted market cap of the top 10 cryptocurrencies from https://coinmarketcap.com/all/views/all/
invest roughly in proportion to each coin/token's weight in the aggregate market cap of all 10. for example, 57% should be bitcoin, 22% should be ethereum, 6% should be ripple, etc. recalculate & adjust your hodlings on a weekly or monthly basis, depending on the transaction costs. |
Date: October 3rd, 2017 10:34 PM Author: cerise laughsome institution Metropolis-Byzantium (scheduled for two weeks from now) doesn't seem to be priced into ethereum yet. It is a reasonable time to get some ethers while you consider your next move. (http://www.autoadmit.com/thread.php?thread_id=3752905&forum_id=7#34361220) |
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Date: October 3rd, 2017 10:43 PM Author: bright giraffe liquid oxygen cr. (http://www.autoadmit.com/thread.php?thread_id=3752905&forum_id=7#34361300) |
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Date: October 3rd, 2017 10:44 PM Author: blue vibrant partner deer antler Thank You.
So, buy ETH with the $2,200 then buy M-B with the ETH? |
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Date: October 4th, 2017 12:02 AM Author: cerise laughsome institution M-B is an upcoming upgrade to Ethereum. It is a major milestone on its longterm roadmap. I'm expecting prices to increase upon its release. I don't know if M-B will lead to a permanent bump in prices, but my guess is buying soon will be at least a bit cheaper than it will as M-B gets closer.
https://btcmanager.com/byzantine-first-part-of-ethereums-planned-hard-fork-activates-oct-17/ |
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Date: October 3rd, 2017 10:44 PM Author: bright giraffe liquid oxygen my sources say that GAME, STRAT and QTUM are finna moon. gl friend. (http://www.autoadmit.com/thread.php?thread_id=3752905&forum_id=7#34361307) |
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Date: October 3rd, 2017 10:44 PM Author: blue vibrant partner deer antler Can I buy these on coinbase? (http://www.autoadmit.com/thread.php?thread_id=3752905&forum_id=7#34361315) |
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Date: October 3rd, 2017 10:52 PM Author: Ocher zombie-like theatre roast beef You can only buy ETH, BTC, and LTC on coinbase
So what you do is deposit your USD from your bank account to coinbase, then buy ETH on coinbase, then transfer the ETH to an exchange like Bittrex and exchange the ETH for whatever shitcoins suit your fancy
The downer about this is that is will probably take a week or more to get your ETH from coinbase, but the price is locked in as soon as you hit buy
Also remember to track your buys and sells and know your cost basis on each trade for tax purposes |
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Date: October 3rd, 2017 11:05 PM Author: blue vibrant partner deer antler Awesome! Thank you for your response... honestly had no idea how to do what you easily explained.
Will be bugging you guys moar as I get the ETH in my account |
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Date: October 3rd, 2017 11:09 PM Author: bright giraffe liquid oxygen tbqf if you want to do this FASTLY you need to wire your funds to coinbase. even then when you buy your eth/btc may not be immediately available (i recently bought litecoin with fiat and was stuck waiting for it for 1 week). gemini is a much better exchange to get your shit turned around quickly. (http://www.autoadmit.com/thread.php?thread_id=3752905&forum_id=7#34361541) |
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Date: October 3rd, 2017 11:26 PM Author: blue vibrant partner deer antler I'm in no rush. Don't really plan on trading... just want to dump some cash in something and hold it for awhile. (http://www.autoadmit.com/thread.php?thread_id=3752905&forum_id=7#34361700) |