No:1 Final Fantasy Fan wrote:pjbetman wrote:No:1 Final Fantasy Fan wrote:pjbetman wrote:No:1 Final Fantasy Fan wrote:They are all dropping to quite low at the moment. Might be a good time to buy some more?
I know hindsight is a great thing but I think with the number of previous 'crashes' we've had this past year or more, it was always going to bounce back. But as they say - time in the market is better than timing the market. But it helps if you buy in a dip, of course. Just don't bottle it when it 'crashes'.
Good points you mentioned there
I need to when until another drop and buy in them hold. Also in the short term keep buying and selling
I think a good strategy is to put money into crypto when you'd otherwise put money into savings. So, each month you put £x into it. BUT, choose the dips/mini crashes to invest it. Now is a very good time to start.
Btw, have you set up a Coinbase/gdax account yet? You want to be setting these up now, so that you have an active account when the next dip happens.
I only have coinbase at the moment. Need to link it to something like gdax so that I can get other currencies. Agree with your points about buying when its low and with savings etc.
Actually when you refer to Gdax do you mean its accuracy in tracking the values?
GDAX and coinbase are basically the same company, and for whatever reason, they have 2 separate exchanges. When you get a Coinbase account set up, you will automatically be able to link it to GDAX. The benefit of this is that GDAX has very low fees - and Coinbase has very high fees. Also, for whatever reason, most of the exchanges seem to have different pricings.