I have some on Binance and Coinbase. Take they aren't safe on there?
It's not a lot like but I plan to add a small amount every month.
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I have some on Binance and Coinbase. Take they aren't safe on there?
It's not a lot like but I plan to add a small amount every month.
nikom court
Player Valuation: £20m
the chance of those two getting hacked are miniscule,
theres more chance of making a mistake messing around and losing your coin,
if its a small amount say less than 500 quid i wouldnt bother but,
if you are in it for the long run consider getting a ledger or a trezor.
DuuuncanHadaPigeon
Player Valuation: £10m
This is good advice.
I have a ledger and they are worth the money for peace of mind alone.
I've seen a few people mention them actually. Cold storage as they say.
Thanks for the advice. As it stands it's a less than £500 so I'll leave as is up to now.
Has anyone used a site or app were you can get interest off crypto? Bit weary of some of the youtubers as they have affiliations etc
nikom court
Player Valuation: £20m
It's not for me,I don't want to give away any control over my bitcoin.
One of the people I follow recommends ledn but Its not something that Im interested in ATM.
Cheers mate I'll have a look at that.
DuuuncanHadaPigeon
Player Valuation: £10m
you can earn trustless interest if you buy and stake HEX.
The smart contract is immutable, it has two security audits and one economics audit. It has had 100% uptime since it's launch.
No other crypto really compares to HEX
Yeah, is Coinbase not safe or something?
I spent £200 on there yesterday on a spread of coins. Made nearly 20% today already. Its just a bit of fun currently
DuuuncanHadaPigeon
Player Valuation: £10m
it's probably the safest centralised exchange alongside binance. However, it is still a centralised exchange, so they can switch off your account anytime they want for any reason, this is very unlikely, but still possible. This is why people say, not your keys not your crypto.
nikom court
Player Valuation: £20m
its been going on for years lol
all these banks and institutions warning joe public not to buy bitcoin have been snapping it all up,
its one of the oldest tricks in the book!
2017 https://www.theguardian.com/technol...n-fraud-jp-morgan-cryptocurrency-drug-dealers
2021 https://www.marketwatch.com/story/j...nts-access-to-bitcoin-fund-report-11619460709
Like that fella in Turkey just a few days a go? Legged it with 2 billion euros!!
Agree.. I think I'll jump in for the next crash this year. I think it will be the last crash however for Bitcoin.
DuuuncanHadaPigeon
Player Valuation: £10m
exactly!
If your strategy is a long term hold then it can be risky waiting for a crash that may never happen, as you will just get left behind.
Unironically the best strategy in crypto is jut HODL. If you try to trade or time the market, there is a high probability you will end up a rekt pleb
Yes, but for other practical reasons; regular paycheck deductions, including pre-tax deductions. I have no idea what plans are like elsewhere, but in the US a common plan is pre-tax deduction + company matching. So for instance, if your salary is $50,000 and you deduct 5% with a 3% match, then what you pay is:
$1,950
$50,000 gross salary x 5% = $2,500 salary deduction
$2,500 x 22% tax rate = $1,950 "take home pay"
What you get is: $4,000
Your 5% = $2,500
The matched 3% = $1,500
*your cost* = $1,950
And this is usually deducted per pay period. So you're effectively dollar cost averaging before you begin thinking about dollar cost averaging. But then you probably *should* buy simple indices, the lowest cost offerings available (Vanguard are the best, but many plans sell their own index funds).
So your rate of return is 105% *before* you see any market gains. This adds up *a lot*, especially over a long time. And only costs you $162/month (YMMV, as your salary may be more or less than these values).
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