|
REPORT COPYRIGHT VIOLATION IN REPLY
|
|
Message Subject
|
The XRP Investor Thread
|
|
Poster Handle
|
nemo_solus |
|
Post Content
|
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 IMO all you can do to start is to get them to purchase utility coins and hodl. For me I would not recommend BTC and ETH because where those prices need to go to make money are rough. Plus they have impending doom coming down on them with Tether and the SEC free pass. My list would be: XRP, XLM, XDC, HBAR, QNT, VXV, ALBT, and ALGO. I've been on the LINK train this whole time but have recently come across some issues they could have down the road. I am not familiar with FTT. Overall I think you have the right idea going forward. Thanks for the input - was thinking the same about BTC and ETH as they aren't anything I hold (although do trade sometimes when the setup is good). However, the reason I might suggest to DCA in is that they are at least generally known and are perceived as "less risky" due to the familiarity. Will have to go back and check out Alliance block again, had heard of them by hadn't given them a look yet. FTT is the native token for the FTX exchange, I kind of see it as having the same type of utility and growth as the BNB (Binance Coin). FTX as a business has been looking (in my opinion as a non-expert) like they are doing all the right things and I would expect good growth in the future.
|
|
|
Please verify you're human:
|
|
|
Reason for copyright violation:
|
