Quote from: FanEagle on Today at 01:19:06 PM

Quote from: studioman on February 16, 2021, 07:14:26 PM

Quote from: FanEagle on February 16, 2021, 06:42:49 PM

-snip-

Thank you so much, very detailed info so I appreciate it a lot! I'm smiling cause I feel so out of this, or should I say dumb, as I'll have to google what APY defi projects are (yeah I'll check the binance smart chain you mentioned

But yeah I could see myself gambling a bit, don't know how much, but some. I know the point is not to just gamble so I'll need to study a lot, but ultimately I won't become so good that there wouldn't be more gambling than with most (if not all) of you guys in here.

Don't take me wrong, it's not that money is burning in my pockets, but I guess I'm a bit strange and joining this later than I should've I feel I'm obliged to invest into these things. But boy they intrigue me, I just wish there was more time in the day.

I can't thank you (and many others) enough! I'll now order the Ledger Nano S. Concerning it I'd have two more questions:

1. I transfer the cryptos straight from Kraken to it?
2. I'll try to be super careful, but any typical mistakes newcomers make to lose their money?
3. If I invest a bit in say Coinbase (two spread the cryptos to two places while I'm waiting) can I put the cryptos to the same Nano S? I won't delete it all? Cheesy

4. I've now used Kraken. Is Coinbase pro difficult to understand (if I just buy Bitcoin from it)? I read the fees in Coinbase are high so if I can avoid them easily enough that'd be nice.

Do not feel dumb about these things, finance is very difficult and also depends on luck a lot, even the richest and best investors in the world make mistakes, they even get so wrong that they actually bankrupt and governments give them bail out money like what happened 2008 and those are the "top" finance people that failed 800+ billion dollars so do not feel dumb at all if you do not know what you are doing, even the people who are experts fail.

I do not use any ledger or any other hardware wallet so I can't answer those questions but people already did answered them so you can listen to them, typical mistakes are usually investing into things you have no idea about, many newbies "hear" or read about some "potentially 10x coin!!" and so forth and they believe it, research what you are investing into before you put money into it, that is how you will know what you are getting into.

And thank you for this kind message too! Basically I haven't been doing too bad on the finance side, due to me being very careful with using money, hard work, and taking the slow way of investing into flats. But I wouldn't mind a quicker way to get some extra

As I wrote in another message there's bigger things than money in life anyway.

But hey guys, do you want to explain me why you think it's good to put some money into ethereum as well? Somebody said I should just put it all to Bitcoin, but I've put maybe 15% to ethereum and can put some more if needed. If Bitcoin rashes (to some extent) does Ethereum crash as well (typically) or does it first keep increasing as people move their money towards it?

And then, if I invest small amounts (say 50-500) to a few cryptos are some of these ones that could have potential for a vast increase in the future?

Polkadot
Ripple
Litecoin
Aave
Cardano
(Bitcoin cash)

What do you think is the best time to buy these, wait for a potential slump or buy from dips now? THANK YOU AGAIN!