Codeblue wrote:iambillyg wrote:Tempted to test these waters, but would love some advice.
Pump. Dump. Repeat.
I mean, he's not wrong.
I think it's really safe to invest in Bitcoin, Ethereum and Litecoin via Coinbase. CB is getting a lot of flack lately, but it really is the easiest way to buy crypto online. ETH is pumping really hard and there will probably be a correction soon (in my opinion), but it's been a safe coin. LTC is another safe coin. It has gains but doesn't see crazy drops randomly. It sat around $50 for a long time, then just recently pumped due to Thanksgiving talk.
It really all depends on the technology behind all of them and if you believe in it. LTC is just a fork of BTC with next to nothing fees and it's super fast. BTC is turning into more of a store of value rather than a currency, but it seems people are okay with it. I'm not to educated on ETH, but I'm sure someone else will chime in.
At the end of the day none of us are financial advisors and everything could crash in a second, so don't spend what you're not willing to lose. And if you wanna get ballsy jump on Alt coins. Schoeffling loves 'em. I only have a few.