College student here. I heard coins were crashing so I dropped about $250 into BTC, when it was at about $4050. Did I come in too soon or too late? I want to make money off crypto like the cool kids.
>>3348202
BTC is fine. Crash mainly affects ICO which basically means anything related to Ethereum.
>>3348216
FUCK IVE BEEN MINING IT FOR A WEEK
>>3348202
That's a good price, try to sell it around 4300 or 4400 within the next day before it drops below your buy price
>>3348202
Don't buy with coinbase using bank transfer. It will take 7-10 days to show up in your account. You can't do anything with it in the meantime.
>>3348202
As of right now, that seems like a very good price anon. The dip might go as low as 3,500, but I doubt it. If it does, no biggie. It will recover. At a price of 4000 you will be up pretty big time in less than a month.
Being straight and fer real here btw. Wish I got some at that price. Settled at 4200 myself.
>>3348216
Yeah I heard about ICOs and stuff but I don't really know what it means. Could you tell me what that is about? Btw Imm thinking about dropping another $250 into some other coins with growth potential. It's not much but it's all I have.
>>3348216
also only chinese ICOs
>>3348202
You fucked up. It's going to go down to $2000
>>3348202
hold it for 5 years - or more
dont look back, its only 250 bucks
>>3348249
Just invest in BTC for now. Don't diversify at all until you get a stake in bitcoin. This is a great time to get in. I started in June, right before the last bear market, and lost like 50% after my third day of jumping in. And yet here I am, 150% up just a couple months later.
You are in an even better spot than me, because you are catching the dip. Put 66% into btc and 33% into alts once you learn how to daytrade, if you have the time to learn it.
>>3348278
Thanks bro
>>3348302
Np. Just remember to not listen to /biz/ too much. Especially because in the past week it's been nothing but a /pol meme migration. Get into BTC and hold, and NEVER sell at a loss. The market is volatile. Like I said, it could even go down to 3,500. Don't panic. It will rise back up. Once you made some money, and have spent a bunch of hours watching how prices move on bittrex or another exchange, move into alts. But only do it to increase your stake in BTC. That may change in the future, but right now btc is king. Don't play the lotto. No other market pays out this much.