Probably not. I've went in balls deep.
I meant to say "emotionally invested", but I'm in a position where the money I have in crypto isn't going to break me. But I can imagine for others seeing the dips/crashes can be really stressful.
My best friend jumped into the US stock market over a year ago, and is trying to become a "day-trader". Which basically means aggressively buying/selling stocks on a daily basis. In the US you are only allowed 3 day-trades(buying/selling a stock in a single market day) a week unless you qualify as an actual day trader. To qualify you have to have 25,000 USD in your portfolio.
He's earned and lost lots of money. Not sure where he is in total right now, but then the Gamestonks thing happened and now I'm in a group with him and 5 of his friends who are all trading stocks. I told him about crypto back when he started, and he scoffed at it. He ended up getting into it before I even did though lol. He earned 30k on Gamestop, and "held the line" & lost most of it. His younger brother had over 200k in Gamestop, and lost most of it too.
I've wanted to try stocks, but I feel safer in crypto.
The worst thing is I wanted to invest $1k into AMD many years ago when their shares were worth $3.24. They've since had a major comeback as a company, which I also expected, and the shares are now worth around $80. Would have been a great investment...
Yes I am from the US.
Why is Binance a prolbem if you're in the US?
I know I've gotten a message about legality in the US on some exchanges, but Binance didn't show a popup warning.
I haven't had any issues with Coinbase-Pro so far, and have been through some wild markets in BTC but it's only been about a month.
One thing I noticed about Coinbase: Their app prevents Android from taking screen-captures, and it's the only app I've had do that. Which immediately led me to believe they're showing differing prices/stats. Kind of made me a little suspicious.
Besides BTC/ETH I have earned Steem/SteemBucks/Hive/HiveBucks, BAT:basic attention tokens, Minds tokens, and LBRY's LBC. I actually have quite a bit of LBC because I participated in an official video challenge and the organization paid me a few thousand of them, but they aren't worth much in fiat.
Do you have any alt-coins that you like for a specific reason? I really want to buy something that's going to pop, but I can't seen to find the reason/rhyme for what makes a coin take off. There is a boost coins tend to get when they get listed on Coinbase though.
RE: How To Always Lose Money Trading the Crypto Markets