After 2 months of trying to get verified and funded with my trading platform kraken, now everyone seems to be saying to stay away from ethereum. I was about to throw my entire portfolio into ether- $21,000 but now I don't know where to go. With all this uncertainty it seems that I should just be throwing it in gold or some other precious metal. It just sucks because when I started this process ether was $100, it's taken me this long to get my account verified and my money wired into my account.There has to be some quicker way to deal with the exchanges in higher volumes. The limits of $250 a week on coinbase is just stupid. I spend more than $250 in gas in a week.
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If you have the money parked in a centralized exchange I would be worried about the exchange shutting down in a bankruptcy... I would not trust any exchange money for more than a day or two...
so pretty much fund then buy something as quickly as you can.
Just my luck that Kraken goes bankrupt after all these years. The only reason why I used them is because they have been sending me emails for 3 years. Stupid sub conscious.
I would wait til you see the bottom of eth and then buy. The people who bought into the stockmarket in 2008 are incredibly wealthy now. This is the same thing. Crypto is not going anywhere because it has actual product attached to it. When people go in on the ground floor, it never looks like a "sure thing" . The Amazon guy was packing thousands of old books into his garage in the beginning. It's easy to look back and say "oh I wish I had known about that--I would've invested", but would you? He really just looked like a person with a hoarding problem. That said--do research on the coins you invest in. Read read read, don't just take advice from a video. And I don't know why you had such issues with kracken. Spread out money to different exchanges and wallets so it's not all in one place anyways. Hope this helps.
Ya I really didn't know that spreading my portfolio over different exchanges was something that may have helped to expedite the process of getting my money in my account. Sadly I still waiting even though have admitted to having my wire. I am still waiting for so-called bottom of ethereum. Everyday it seems to go a little lower. Do you think its bottom will be sub $100? Thank you for all this great advice. In these uncertain times, I am even more confused than ever.
You should spread it across exchanges and wallets so everything isn't in one place in case of hacking. Who knows where it'll go--it just popped back up an hour ago. If everything just went up, this wouldn't be a real economy. There is always ebb and flow in any real investment. I'm surprised how many people are crying about the "money machine" being broken. You buy in when things are low, because you've educated yourself, and you know it' a good buy. Crypto is very volatile because it's young. There are no sure things in investing--your best bet is to educate yourself as much as possible-then you can make your own conclusions on what to invest in. There are lots of articles here on steemit, and the old standard google. Good luck!