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05-07-2021, 02:48 AM | #2521 |
MVP
Join Date: Sep 2019
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Posts: 14,427
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05-07-2021, 07:52 AM | #2522 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,029
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05-07-2021, 07:58 AM | #2523 |
Not dead yet...
Join Date: Nov 2008
Location: Indian Creek
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My friend's son dropped 15k and then another undisclosed sum. He's sitting at about 200k with what I imagine was a 20k investment. Sweet ****ing returns there...
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Posts: 2,794
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05-07-2021, 08:03 AM | #2524 |
Baba Ganoush
Join Date: Jan 2012
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I’ve been trading DOGE since last July. Made quite a bit from it, currently 7300 shares @ .40
I’ll be in here for a few years if not longer, buying dips and stacking coins. |
Posts: 29,439
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05-07-2021, 09:09 AM | #2525 |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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So what am I doing wrong?
I set up an account on Coinbase on Monday/Tuesday: Invested $500 each in Ether, Chainlink, Cardano. $400 in BTC. Here it is Friday morning, and I have not yet doubled my money. How am I supposed to retire by the end of the year to my soon-to-be-purchased luxury villa? All tips and tricks appreciated! Last edited by Trivers; 05-07-2021 at 09:18 AM.. |
Posts: 2,936
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05-07-2021, 11:05 AM | #2526 |
MVP
Join Date: Jan 2013
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Posts: 10,632
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05-07-2021, 02:52 PM | #2527 |
In Search of a Life
Join Date: Dec 2005
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I'm new to this and investing in general. Just started a Coinbase account. Haven't bought anything yet. I'd like to have $10,000,000 from like a $50 investment by end of month. Give me some tips & tricks to reach that goal.
But really, I am new to all this. Any advice for someone just starting out? |
Posts: 30,864
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05-07-2021, 03:07 PM | #2528 |
Spooky Action
Join Date: Dec 2003
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Posts: 6,346
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05-07-2021, 03:08 PM | #2529 | |
Veteran
Join Date: Feb 2012
Location: DE
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Quote:
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Posts: 3,812
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05-07-2021, 03:09 PM | #2530 | |
Spooky Action
Join Date: Dec 2003
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Quote:
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Posts: 6,346
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05-07-2021, 03:15 PM | #2531 | |
In Search of a Life
Join Date: Dec 2005
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Quote:
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Posts: 30,864
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05-07-2021, 03:17 PM | #2532 |
Andy Reid Supporter
Join Date: Apr 2012
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Need to know what the OP’s gains are? 800% seems low
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Posts: 46,440
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05-07-2021, 03:19 PM | #2533 | |
Time Keeps On Slipping
Join Date: Sep 2004
Location: Overland Park
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Posts: 27,294
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05-07-2021, 03:31 PM | #2534 |
MVP
Join Date: Oct 2010
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Anyone that wants to get Dogecoin super quick set up a blockfolio account. I think it's like .50 fees and you can trade almost instantly.
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Posts: 17,082
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05-07-2021, 03:33 PM | #2535 | |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Quote:
For instance in my situation, my current average buy in price for Bitcoin is around $49k. Its sitting at around $57k right now but in the last week it's gotten as low as $52k. If I wanted to buy more I'd wait until it got near that again. It may or may not, but it likely will at some point. Ethereum has drastically outperformed bitcoin so far this year. Obviously nobody knows or can predict if that will continue but most experts seem to think so. My average buy in price for it is around $2k, it's currently sitting at around $3500. It has gained 64% in the last month while bitcoin has actually dropped about 1% during the same time period. Does that mean both trends will continue? Likely not...it's more likely that bitcoin will get back to it's high of around $65k in the near future than it is for ethereum to gain another 60+ percent. It's probably smarter to invest in bitcoin if you're looking for quick gains but if you plan on sitting on it for months I'd go with ethereum. Or you could wait for nice dips and buy in equally to both. It's very unlikely that you'll lose money in either, long term at least. |
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