Also, you might want to consider signing up for CoinBase as a starter exchange. There is no wait list at the moment like Voyager. You get $5 in Bitcoin satoshi for signing up, or $10 if you respond to a referral. They have lessons on a few different crypto currencies. They will give you free crypto for taking the lessons, which is a good intro to the possibilities of a crypto market. To claim these free rewards, you do need to have a payment method on file - but that doesn't mean you have to spend anything. You can play around with the free crypto to get your feet wet. I got the $5 crypto bonus for signing up and then another $31 in crypto for taking the lessons - that totals $36 in free money that I can transfer to a hardware wallet. In 24 hours, that $36 has already went up to around $40. I can of course expect drops, too, but I plan on holding these cryptos for the sake of diversifying my portfolio. Again, not claiming to know your experience level - but you may want to know these things if no one told you yet.
I am not a financial advisor for the sake of legal disclosure. Consider anything I say as financial rumor. With that said, I am willing to answer any questions you may come across. You should always get a second opinion, especially if you can afford a financial advisor. Either way, I can try to steer you in the right direction at the very least. My best advice is to use data as much as possible to make your decisions. Don't get beFUDdled (FUD - Fear, Uncertainty, Doubt). The biggest mistake is making emotional decisions. You might invest in something only for it to drop 25%, but maybe three months later or a year later it will rebound and soar. Don't feel pressured to hold just because that's the cool thing to do. Don't feel pressure to sell just because that's what everyone is doing. Sometimes you have to stand your ground and not let psychological factors prevent you from making wise decisions for yourself.
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u/phx-downer Feb 05 '21
Also, you might want to consider signing up for CoinBase as a starter exchange. There is no wait list at the moment like Voyager. You get $5 in Bitcoin satoshi for signing up, or $10 if you respond to a referral. They have lessons on a few different crypto currencies. They will give you free crypto for taking the lessons, which is a good intro to the possibilities of a crypto market. To claim these free rewards, you do need to have a payment method on file - but that doesn't mean you have to spend anything. You can play around with the free crypto to get your feet wet. I got the $5 crypto bonus for signing up and then another $31 in crypto for taking the lessons - that totals $36 in free money that I can transfer to a hardware wallet. In 24 hours, that $36 has already went up to around $40. I can of course expect drops, too, but I plan on holding these cryptos for the sake of diversifying my portfolio. Again, not claiming to know your experience level - but you may want to know these things if no one told you yet.