Sorry again, should've googled first (well I did but not enough I guess). I found the following:



Your address for Bitcoin and Bitcoin-based crypto assets changes every time you receive a transaction. For other crypto assets (Ethereum, XRP, Stellar, etc.) the address stays the same.

Bitcoin transactions are public information. Addresses should not be re-used for better privacy. Ledger Live automatically generates new addresses using standards (BIP32/BIP39/BIP44) and keeps track of your previous ones. Previous addresses do remain valid, but they don't offer an optimal level of privacy.

So obviously if I want to be extra secure I need to type a new address every time to Kraken or whatever I use? THe Ledger gives a new address every time and that's why it isn't the same the saved address in Kraken?

Thank you very much, I agree with you. It's crazy how these cryptos can go up and down.

Here's a very important question to everyone, I'd really need help with this so I hope using this thread is okay for this purpose.

I transferred a bit of Ripple to the Ledger Nano S and it went fine. First a tiny amount, then a bit more. The address in Kraken is the same as in the Ledger and Ledger Live. I then did the same with Bitcoin, using native segwit. Again, a tiny amount and all went fine. Then I went to transfer a bit more and checked the saved address and saw the address is different from what's in Nano S and Ledger Live. I've been extra careful to check everything matches so I got worried about this. Is it something about the way Kraken saves the address or have I been hacked? Like I said the tiny amount got through, but could there be something going on?

I reread the messages I got, so many great tips it's almost hard to believe it. I wanted to quote your message. I'll really need to listen to your tips and take a small step back, have something invested in mainly Bitcoin and add some more at serious dips. I screwed up with the one today. No bad panic sell losses, but I'd just invested my last investment when the price was high and didn't really want to put any extra even when the price was lower. But I learned a lesson.

Like I said I'll be partly in this run, but try to be somewhat careful at the same time. I'll start reading some of the books you (and someone else) suggested to prepare myself for the future. But now maybe the most ridiculous thing you've heard here for a while:

I, like I said a total novice despite of watching videos and reading some webpages, somehow put small amounts of money to several altcoins (apart from Ether): 

Polkadot
Cardano
Chainlink
Litecoin
BCH
NEO
Algo
Ripple
Aave

The amounts are small, the biggest ones are in Cardano, Polkadot and Aave. But as I just put some one as a kind of a lottery I just realised these are obviously also on their bull runs, and with small investments and with me probably not being able to time the dip correctly are these all waste of money? Which ones would you rule out immediately? Which ones do you think could have some long term potential? Some believe in Polkadot (as said here too) and Cardano, so maybe they could be long term lottories? I also found a thread in which some were excited about Algo. Some really believe in Aave. Some of the long tem forecasts for e.g. Litecoin are high, but are they just hype I don't know.




 



 

















   

Thank you SO much for your honest thoughts and actually excellent ones! You are right. I jumped in as a total novice. Felt I have to take a gamble because I selpt on this early. But you're right, it's totally different to invest money in the beginning and then wait for what happens (or maybe pull the amount of the investment out first). I've already invested what I wanted to invest at this stage, step by step. I though I was doing pretty well until this weekend and today. I'd decided to keep the rest for possible dips but what happened. I thought there was a small dip and somehow put some more just before the crash today. At least I managed to stay pretty cool and didn't panic sell much, but it was a lesson to learn from.

After your message I started to think. I've invested maybe 20% of the amount to Ethereum in the hope it might possibly become something big in the future. But now I realised I've joined it in the bull run and these are the likely scenarios:

I won't have much to cash out at the top of the peak and it's totally possible I won't be awake when the slide down happens. I suppose a slide down will be pretty inevitable, right? Then there's a great chance the price will be lower than what it's now so I could by it cheaper. This is also pretty likely isn't it? So maybe in my case Ether makes even less sense? But of course Ether might do great in the distant future, in which case holding some could turn out to be good after all.

You made me think and I just sold some BTC and consider selling some Ether as well. The critical question I'd like to ask you and everyone is what you think Bitcoin and Ether will be after the crash? What are the following steady levels before the next wave? I know nobody knows but I'm curious how you guys feel about it.   
 












 


 

And to add I will study and try to do some every day. But it's a process. It'll take some time until I'll be able to make proper decisions, so far it's been pretty much gathering info by reading and going through all this material, but it'll take time. It's a pretty fascinating world, but unfortunately I can't devote all my time to it. Thanks again for all the links and ideas! I'll probably write here again if that provided material brings some questions   

Thank you, I'll check this too!

I'm now pretty calm, invested some and made sure the crypto's are safe with Ledger. If there's great dips I can still act, but otherwise I'm now waiting and watching what happens. What a new discovery this has been, quite a journey so far.

At this stage, with very limited knowledge I'm not particularly interester about the other cryptos (apart from ether maybe), I mean I would be but that needs more work and special attention. It's time may come, though. But the problem is I've done some research and some mainly popular names kept standing out. Now I kind of feel I an kind of forced to invest a bit to just about each of them as a lottery in case there's little miracles with some of them in the future  That'll also mean there'll be things to study and things to watch in the future. I've already bought some small amounts, but what do you think about names like these:

Polkadot
Ripple
Litecoin
Aave
Cardano
(Bitcoin cash) 
Uni
Chainlink

1. So what do you think about those pretty boring ones? Worth any smallish investments?

2. Are some of them maybe more long term or should I keep an eye for peaks and cash out then? Well if an investment is small, like 50-200 dollars the peak might not be huge in many cases. But if the long time result could be much more it'd be better to keep the amount intact.

3. Are there some gamble projects where the value is really low now and even throwing e.g. 5-10 dollars to say 10 gamble projects could (with extreeeemely good luck) turn to something in the future?

4. Or is it that with my very limited knowledge it's better to concentrate on Bitcoin and Ether? There's already been great thoughts about these, but I'll see if I can get some more with specific questions. On the other hand, like I said I've already made small investments to most of those and thus may be too scared to move that money to Bitcoin or Ether in case one of those somehow got really high in value  I can't help myself, I am what I am.

Thank you!! 






   

Kind messages just keep coming, thank you so much!


Thank you for your thoughts! I've actually done investing in other areas and have gained pretty steady results with hard work and long-term plans. Nothing to brag about, but it's a solid situation. So it's not like being late from this train breaks my world, but I did feel a bit of panick initially as every star pointed to the direction I really should've realised this in time    I tried to make a compromise and jumped to this train, but am now on the watching side. That may change if there's great dips.

It's been interesting to get into the crypto world, but also to see the daily fluctuations in the value. I've maybe got a thought about how market works when it's not like stocks or ETF, that give some quite easily valued info to back some prices. Here the price may stay still for quite a while, but when it starts going up fast it may just accelerate and end up 5% higher. I suppose that's when people watching for dips start to fear the price will go too far and they buy Bitcoin while they can tolerate the price. So the price keeps going higher and higher. When this rush is over, maybe when it's evening/night in American+European areas people start to wonder if they paid too much and if the price will start dropping now. Then they start selling to be on the safe side and we're heading down again. Then others see the opportunity or limit orders step in and up we go again. Of coure there's also day traders, insitutions, market powers etc.

I was thinking that it could be an interesting way for a beginner to try day trading. I mean if it's an amount that one could either put to Bitcoin or keep in his bank account one could try to chase to highs and lows and make a bit of profit. In the worst case he ends up with a bit more Bitcoin, but if he was considering putting some more to it it wouldn't be serious. Of course this could only work in an exchange with very low fees.   

My investment money is mostly tied. But now that I know more about Bitcoin and how this system works I'll prepare myself for a chance the value drops much lower from the peak as it's done before. I'm sure it won't drop as low, but like you said there may be other chances coming. Many others will be waiting for it so it's gonna be somewhat different, but I'll probably find ways to release more money in the meantime so I can really attack if I feel another great chance is coming. Thank again!


Thank you! Yes, keeping the investments safe also gives piece of mind, which is pretty valuable. I was just scared about this first as I didn't know how this works. It's much better now.

It's truly a fascinating world, but I need to keep myself humble and accept that there's too much catching up to do. However, I know what hard work can do so little by little I'll gain more knowledge and those ideas from fellow posters help so much. I feel like I owe to every poster who uses time to help and advise me, bunch of great people around over here clearly.

I'll keep some privacy with the sums now, but so far I've put about 80% to Bitcoin, 10% to Ethereum and a bit (not full 10% yet) to some altcoins. Actually I think the amount I'll put to altcoins won't be very much, but as I never put money to lottery maybe the altcoins could fill that part in me  I know buying Bitcoin is the way to go in the long term, but a smaller part of my investment to Bitcoin has been through Bitcoin funds. If the price keeps rising I'll probably have to turn those to cash, so it's not going to be a huge amount with the sums I've put in. But the good side is if the value crashes I can use that in my taxation and thus get a third off. So if Bitcoin really dips I'll sell those, use the loss in my taxation (I get money from renting some apartments so those are deductable) and buy more real Bitcoin. That's a bit like an insurance towards a dip. If the value keep rising to 3 or 4 times higher I'll probably cash those.

I know some of you advise against altcoins, some the opposite. But if I do invest a bit maybe just for the excitment when do you think is the best time? Many of them (the popular ones) are higher now that Bitcoin is going up, but people talk about the altcoin season (when Bitcoin goes down). So what does usually happen when Bitcoin goes down, do the popular altcoins start to rise slowly or do they also take a dip first? I know there's no rules, but maybe there's been something obvious in the history.     


         
                     

Thank you! Yeah I actually wrote that it got sorted out, it was something on their side, but I appreciate the calming words. If the problem was still going on and if I hadn't found out about it by digging some more those words would've been highly needed. It was just quite a timing. I have all the security tools and have been extremely careful with every step but I still thought maybe I'd managed to do something wrong.

I also appreciate your words in the last paragraph. I stepped in as a complete newcomer and while I'm still one I've learned surprisingly much already during these intesive days. Just basics and there's holes, but still. I just kind of panicked a bit when the balance got to 0, didn't think it'd be one of those things that may happen. I know there's a risk in this all, but I am not someone who takes stupid risks without thinking or without making sure he can live with whatever the outcome is.     
 

Thank you, I agree! I feel like I've actually learned pretty much already during these days, but it's still step by step. Time will show how this ends up going, but I'll always remember all the help I've got here. I don't know what I'd done without you guys, honestly. Incredible guys (or girls) I have to say once again.     

Thank you for these thought too! I think I'll pass for now as I simply don't have the time to study enough. But maybe in the coming years, who knows. Right now I'm trying to get a grasp of the very basics of the crypto world and there's still other things going on that require time too.

Great thoughts again, thank you!! I don't expect anyone to know how things go, but these pieces of information coming from people who are in a whole other world with these is just terrific. I'm modest with possible expectations, a large net would've been nice but I started so late it's unlikely. Then again I like to make "extra" money work so in 20 years it can be three times more (including inflation). So that's long term planning   

Thank you!! First of all I want to say I mentioned the amounts at first as I felt it could help with getting suitable ideas for my purpose. But that was just an example sum to start with. But you're right, it'd been better to put whatever I've put immediately. That's just typical to human nature to be worried there's a price drop coming right after you've invested the money. On the other hand a bigger problem was that I didn't have my Ledger yet and wanted to have my money spread to several exchange services. I was also learning everything from stratch so at first I was scared if the money would actually come through. And then it got dificult to get some accounts opened. So all in all I feel I couldn't have done it very differently.   

Thank you also for the ideas! I've definitely need to get to these things one day and keep the book you mentioned in mind, I'm sure it'd be very useful. But I have to be honest, I'm too far behind crypto specialists and I can't dedicate all my time to this. That's why I'm planning to keep things simple, but add a bit of gambling. For me this means:

- Bought some Bitcoin at a higher price, but reserved money for dips. Long term.
- Bought less, but still some Ether. Long term.
- Have put a bit of money to some smaller ones that look interesting and am planning to put some more. For me this is pretty lottery, though I've tried to read and watch some videos to know a bit about the names that have been popping here (Litecoin, Poladot, Ripple, Aave, Cardano, a few smaller ones). These ones I don't have a plan with. The amounts are fairly small so I guess I'll keep an eye on these and cross my fingers    

   


 
     

Thank you Quidat! Valuable thoughts again. I think I'll hold on to what I've got and add some more depending on the dips.

This crypto thing is a very interesting world, but boy it's been tough and still is. Obviously all hot wallets take a piece of the bitcoins, so having them stored there for a few days is costly. The amount I have isn't much compared to many others, but still enough that I don't want to lose it         

Thank you so much JeromeTash! I've been kind of forced to buy some during these days, but the price is running high at a crazy speed now. I think I've got enough and I'll try to get some more at dips. I usually don't have this fear of missing out, but this time the circumstances were exceptional and I felt I'm ready to take the gamble. At least I managed to get my stock mainly before today's latest rise.

If I want to add I could consider putting a bit to Bitcoin ETFs, not for the same purpose as Bitcoin as I'd probably sell them if the price gets high enough. And I believe stop loss could work with them to some extent. And if the value crashed I could utilize the negative sum in taxation.



   

Me again     All is fine with Binance, working again and my balance is back. I just got to know it'll take until next Tuesday to get my Nano S. Maybe I should transfer some cryptos to a hot wallet.

1. Is there a specific service you would recommend?
2. How are the fees calculated, I mean do I pay a lot if I transfer money to the wallet and then from there to the Ledger next week?
3. I'll now start reading and watching videos, but it'd be just lovely if some of you could give me quick advice on how to move crypto to the wallet. I'll start with Kraken, but general tips would help a lot too.

Thank you again! 

Thank you very much DarkIT! As I wrote I'm a newcomer so I just love to hear thoughts from you guys.

I have to say one more time the way you guys have written and basically consoled a newcomer like me has been truly fantastic. I'd like throw a party and include all of you, but as it's not possible I just say humble thanks to all of you!

I've been in a few other (maybe sports related) forums and while I personally don't have problem with others I've never encountered this. Now I won't repeat myself, just wanted you to know that I've been, yeah kind of touched by this attitude and help. 

I'm sorry for using this same thread, it's just that I'm all new to these things and today I just started using Binance and suddenly it looks like all the money's gone. I'm scared as shit already and now this  I thought I had to be hacked (though I tried to do everything as carefully as possible), but obviously there's something going on with Binance. Quite a timing as I'd just started today, I hope it'll be fine and my money is safe. 

GUYS HELP PLEASE!!!!


I started exchanging in Binance today and had a pretty big amount there. Now I can't see any signs of money/bitcoins. First I didn't see it in the wallet, but for a while saw it when trading crypto. Now that shows 0 as well.

The binance website shows following:

Deposit not credit due to system issue, withdrawals not available now. Wallet overview shows 500, transfer abnormal, IOS login abnormal. All noted and IT is working on it, please wait.

I'm on que to customer service, it's #1328 so I guess there's something going on. Does this mean the problem is in Binance and I maybe haven't somehow lost my money? Sorry I'm a newcomer.

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!

 


   

Thank you! What's past is in the past anyway. I know it was a great chance, partly missed, but after all it's just money and I'm not doing too bad anyway. Now it means my risk is higher as I've still invested some money, but so be it.

During the last year there's been at least two cases (near accident and one health related scare) when I realised I'd give all my money and whatever I have for a positive outcome in those. Fortunately they went well, but that reminded me that while money certainly helps there are more important things in life.