Decided to go all in on BTC with 850K cash. Should I go decentralized/centralized or wallet exchanges? Ethereum is cheap now compared to BTC, time to go all in and hoddle, make 5x and out (won’t hope for 600% and lose all) #personalfinance #investments
ETH has a different use case, be careful as correlation may break this year.
Mind to explain ?
Easy, you have a bitcoin wallet address, 3rd party controls it so you're not worried about losing stuff, can send btc thru cash app (future use case), low fees for expensive orders.
How confident are you to invest 850k in btc eth?
I will share screenshot once I settled with one platform. Tired of missing out on this hype, I might sell even within < 1year as long as my 5x goal is met. This is pure gambling and not rational
How many years it took for accumulating 850k cash ?
Hope it is just a small part of your fortune that you are putting in. If you are going All In, keep a plan B to ride out the wave in case it wipes out more than half of your investment.
I will wish that you turn the 850k into 8.5 mil is next year. And then fill your wardrobe with Armani. Good wishes to you. I don't have that kind of balls. Do DM me when you are a multi millionaire.
I don’t have that type of money.
Coinbase Pro. Fast transfer, low fees and spread. You gonna have to give your KYC. Bisq for no KYC but risk is high and you’ll be paying that 6% premium.
^This is how you know we’ve reached the top.
Fomo is good in this case, we do have fear and also we missed out life changing opportunity last year. Those who defeated fomo probably left blind altogether because their problem shifted to managing their millions of net worth :-)
Dude - look at potential upside and diversify some into $AVAX. A16Z is an investor
Cash app
Seems it is only btc and not ethereum