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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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The XRP Investor Thread
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Poster Handle
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nemo_solus |
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Post Content
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I was doing a thought experiment today - what would I say and what advice would I give if at some point during the upcoming Holidays a close friend or relative should ask about getting into Cryptos?
Of my friend group, none are involved, despite being very technically competent people. Most relatives are not involved either.
The easiest thing for a beginner is to simply buy and hold, so I wouldn't want to recommend anything aside from high quality (preferably undervalued at the moment) cryptos.
The answer, I think, is to get them set up with a simple App like the ones from Coinbase and Uphold, despite the higher fees that are charged.
I'm thinking an immediate buy into XRP as it's undervalued at the moment due to the SEC litigation and then set them up to DCA some fixed amount at regular intervals into BTC, ETH and maybe some small amount into something like Link, HBAR, FTT, or XDC.
As simple as it seems to us once you know how, there are a lot of newcomers out there who will need our help to get started.
Anyone else thinking about this or have any wisdom?
Quoting: nemo_solus one thing that helps turn their head is price differences between this year and 2017, how one can become a millionaire in under 5 years investing around 10k wisely also explain to them how tech evolves, like wiring money turned into paypal, now interac e-transfers, xrp is almost instantaneous transaction Thanks! Those are great points to make and demonstrates the need to hold some things long enough. My usual pitch (because the age of my demographic lived through it) is to make the analogy between the beginnings of the public Internet adoption and where we are today 25 years later. Crypto is about where the public Internet was 25-30 years ago (more or less).
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