You are viewing a single comment's thread from:
RE: Is Black Friday of Crypto Coming and How to Prepare for it?
Interesting point tou have made and I am planning to store half of my long term coins like bitcoin ethereum and stratis in my Ledger Nano S that I received yesterday.
About unregulation of crypro market I must say thst this is the thing that attracts most of us. Its decentralized nature that no government is controlling our money.
I agree with the part about unregulation being one of the perks of crypto. But it's not really possible to avoid regulation. Think of it like this as long as people live in the US, they have to pay US taxes and use USD to purchase things. So really no way to avoid it completely. And if you're going to put a large part of your digital assets in an coin index fund for example, it's best to wait until they are regulated. That would be for someone who wanted to invest in a diversified coin index fund or store a large amount on an exchange like coinbase or any of the other ones.
Nice point you made about putting large amount only to regulated assets. I am just putting small amounts in coins with very low price and they will give good returns. Idea is to recover double of my seed money in few months and then holding the rest for long term.
@cryptokraze that's not a bad strategy, for me personally I'm just too lazy to manage so many wallets, I really only like to be invested in 3-5 coins at once. For now I'm ALL IN on steem, until something else pops up that I like.
I am also very lazy but Now I am super active and posting chart analysis on regular basis and doing day trading as well.