Topic: Get in my shoes for a minute - page 2. (Read 353 times)
I would rather buy a hardware wallet right now and keep my BTC safe instead of taking the risk with other wallets that can get compromised before you see another money to buy a hardware wallet, its now or never before its too late, safety first OP safety first.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
Do you want to hold? Not only hardware wallet can be used for holding because it is not the only cold storage wallet. You can generate a paper wallet or use a wallet on airgapped device if you have a device like phone or laptop (computer is a perfectly airgapped option) to spare for it. If I am you, I can still go for online wallet, follow a precautions to avoid malware, like not clicking on ads, making use of ads blockers and only accessing the correct URL and my coins should be safe. But this idea is only good for low amount of money. For large amount, like $1000 and upward, I will consider to use a wallet on airgapped device or better still use a paper wallet (which can be (HD). Also, the cold wallet setup can be for most my coins while small amount of the coins which I need for frequent transaction can be on hot wallet like Electrum online wallet for bitcoin.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold...
Your money and your decision, but altcoins and long-term in the same sentence make the same sense as linking Hitler to charity for the betterment of the Jews. The comparison may be a little drastic, but I want to tell you that you take a lot of risks with such an investment when it comes to long-term investment.
I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
Is there any particular reason why you want the X model and not S or S Plus? If you don't need Bluetooth, I don't see why anyone would buy that model that is almost 50% more expensive than the S Plus, which in my opinion is a complete waste of money.
Nah Bear market isn't here yet, BTC still holding 30k level shows how strong the coin is and the whole crypto liquidity is still very much higher, if you have witnessed a bear market once you won't dare call this present correction a bear market, things will get really uglier than this and many coins won't be able to keep up, slowly they will die.
You've made a good choice buying some BTC first, not every crypto newbies can do this, they always run after altcoins, I won't discourage you about altcoins but I want you to know some facts, altcoins always perform worst in bear market and this isn't the time to start buying because I believe a crypto market correction is just getting started, if altcoins is truly part of your aim just relax for now, leave your money in USDT.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
I would say if you have invested some amounts in bitcoin and have spare one's to invest in altcoins the drop this thought and go all in for bitcoin as my personal experience.See the thing is most of the altcoins are shitcoins at this time or other intended as scam people.If you are planning with the ETH then you can't afford gas as it has gone too above in prices that you would end up giving too much for even small transactions also so it's not good choice for you.The other in top-10 on CMC have always fluctuated except the king bitcoin so just a suggestion to invest in it.Moreover you are in the bearish market and you could get more bitcoin at discounted rates and hold them long term.
And then you could probably buy HW with the remaining amount and Ledger is good option and keep your funds safe but if you wish to keep them then non custodial wallets are also good but with proper backup of your seeds and passphrases on offline backups at various safe locations.
I kinda like this question, if 300$ is all you have on you it's not a good idea to buy a hardware wallet right now, this crypto bear market is a land of opportunities, the word 👉 be greedy when others are fearful is talking about this type of market situation we are presently in, is rather use that money to take advantage of the market condition than buying hardware wallet, or probably wait till you have 1000$ that is completely yours.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
Since you only have spare $300 in your wallet much better if you use those trusted wallet for a while since if you buy Ledger Nano at this early then you might chase that $150 back to return on your hands. Also its to expensive which is not ideal for now so best thing to do is to buy top altcoins which suffering heavy bleeding then hold it since for this your $300 will multiply and then just think about buying the wallet you wanted if you already hold a huge volume of alts.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
1. Altcoins are more unsafe investments than bitcoin, hence buying the HW may be better investment.
2. Nano X is imho too expensive for what it does, you can find cheaper HW. Even more, if you are knowledgeable enough you can setup cold storage(s) for a fraction of that money (on USB). Or paper wallet(s).
All in all, there's no easy answer for your problem.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
There is no single answer...
Do you believe the bear market will be over soon? In that case, it might be a better idear to buy crypto with your $300 and keep it on a decent desktop wallet (or, even better, cold storage)... Wait untill the price rises, sell $150 worth of crypto and buy a hardware wallet then.
Do you believe the bear market will not be over? In that case, i guess paying $150 for a wallet to keep $150 in crypto would not be ideal either, but in this case you might consider wether or not you eventually want to buy a hardware wallet anyway... So you could just bite the bullet right now.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for a long-term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
Ask yourself these fundamental questions like, the $300 is it for investment purposes if yes then I will advise you to put it into some potential coins that will yield you profits in the long run because my idea of a nano wallet is for storage of assets that are solely for future use and not for investment so taking $150 out of the $300 you have is going to limit your purchasing power and you know how the cryptocurrency market work you can't get the bear market for so long. My conclusion is to invest all the funds and when things get better then you can get a nano wallet for yourself. 
Depending of the size of your investment, if you have invested 500$ in total, and buying a hardware wallet for 150$ it's a bit of overkill, yet (of course, depending on your local economical situation).
If that's the case, better make a cold storage first, like bitcoin paper wallet or use old laptop as wallet and wait until your funds grow enough to have it stored in a hardware wallet.
Investing in altcoins is always risky, buy now seems to be a good time to buy.
If that's the case, better make a cold storage first, like bitcoin paper wallet or use old laptop as wallet and wait until your funds grow enough to have it stored in a hardware wallet.
Investing in altcoins is always risky, buy now seems to be a good time to buy.
Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.
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