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RE: Before You Do This...

in #raiblocks7 years ago

You remind me of my Investment Advisor who is a smart yet cautious stock picker. He researches the company and makes a suggestion if he thinks the stock has a bright future for the long term. He never suggests stocks to get in quickly and then get out quickly. He is building me a strong, diversified portfolio for that will appreciate over the long haul. I'm of retirement age and I need to have a substantial portfolio of stocks and other investment vehicles that hold their value and increase in value over time because I'm no longer employed and am relying on my portfolio to fund the rest of my life. So the risks inherent in crypto-currencies makes them a poor choice for my portfolio. I view them as a speculative bet and would be very cautious before choosing which coins to invest in. I think what you're saying is that while prices are pumping up for different coins now , they could tank tomorrow or the next day. That is a ton of risk. But of course lots of the people putting money into crypt-currencies are after quick bucks by buying and selling to take advantage of pumps regardless of what is behind the pump of the currency itself. They don' t care. Buy it when it's low and take a profit when it can give you some profit and then move on to the next pumper. That is ok to do if you are not risking everything in the process. Put some of the profits aside and build up your crypto portfolio responsibly and intelligently. Go deeper in your analysis if you want , and if you do want deeper analysis Crypto Investor is the guy. He provides intelligence and common sense as well as solid expertise in reading trends and interpreting charts. Like my IA, Crypto Investor is smart and cautious and I do just what he tells me to do and his track record is excellent. Even looking at Crypto-currencies goes against his investment strategies. But here I am looking. I haven't invested anything yet and may never do so. For one thing I live in Canada and I haven't been able to find an easy and reliable way to even make my first purchase. Coinbase wouldn't verify my ID and that is where I'm at now. But I've watched a lot of Youtube videos on the subject and Crypto Investor is the wisest guy to listen to of all advisors out there. My problem is, as a person living in Canada and having only Canadian banks and bank cards to use, I am so far stumped as to how to get into this market in even a small, very cautious way. Any advice in this regard would be appreciated .

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