cryptoonoob (OP)
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August 29, 2017, 03:32:56 AM Last edit: August 29, 2017, 07:32:16 AM by cryptoonoob |
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I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...) Then I can enjoy the uptrend of all coins and won't miss out any opportunity What are your thoughts?
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altseeker
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August 29, 2017, 05:55:20 AM |
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Iconomi (ICN) offers the safest way for those who have no idea about how crypto investment works in general. By buying into their index funds, let them do all the hard work while you sit back, relax and watch your money grow over time.
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StrikeBitClub
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August 29, 2017, 06:24:28 AM |
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Good idea, but be careful with the "passive income". You can get fraud
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cryptoonoob (OP)
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August 29, 2017, 06:49:11 AM |
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Iconomi (ICN) offers the safest way for those who have no idea about how crypto investment works in general. By buying into their index funds, let them do all the hard work while you sit back, relax and watch your money grow over time.
I am going to divide my portfolio into half, half passive and half active. I am thinking between Iconomi and Crytomover. Iconomi is good but Cryptomover is charging a super low management fee (1bps per day as far as I know), and an index with the 10 largest coin sounds promising... So I am still struggling...
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Sir Cross
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August 29, 2017, 07:31:29 AM |
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what is Iconomic? How is it passive investment? Is it a platform where it allows you to buy coins and agents rotate the money for you? Sorry but I don't know how it works, can someone explain it to me? I want to be enlightened on this and how it is passive investment because I would like to find for efficient ways to invest in cryptocurrency
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cryptoonoob (OP)
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August 29, 2017, 07:37:20 AM |
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what is Iconomic? How is it passive investment? Is it a platform where it allows you to buy coins and agents rotate the money for you? Sorry but I don't know how it works, can someone explain it to me? I want to be enlightened on this and how it is passive investment because I would like to find for efficient ways to invest in cryptocurrency
Iconomi is basically a platform for fund managers to list their own funds and attract investors. There are a few funds available now, one called Blockchain Index (an index fund), which gives us a way to do passive investment. We just send the money and sit and watch the performance of the index. Cryptomover has a token called CM10, its underlying value is reflected by the CM10 Index Fund, which is an index fund composed of the 10 largest coins. This company is less well-known but the management fee is so low that it attracts my attention. I just did some research and turns out the company is in the 500 startups. Actually I also search about Bit20, but seems like the liquidity of Bit20 is super low, so I am not considering it.
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alexjhons
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August 29, 2017, 07:39:52 AM |
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Hi.....I agree with cryptoonoob!!!!
The half active and Half passive account is safe and secure for the same.
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howard.ashoul
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August 29, 2017, 07:41:05 AM |
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- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
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cryptoonoob (OP)
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August 29, 2017, 07:44:09 AM |
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- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
haha true. but sometimes we will miss out some pumps if we are holding particular coin, so holding a portfolio of coins guarantee we enjoy every pump!
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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August 29, 2017, 08:30:23 AM |
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- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
Your instruction would've been great if you didn't make a huge mistake. Obviously, you must've meant buying low and selling high. Anyway, I think that the idea is good, but can be specified a bit. To invest safely one has to follow these steps: 1. Look at top 20 coins on coinmarketcap. 2. Define those which dropped 20%+. 3. Look at the news about these coins to make sure the drop is not due to serious problems discovered. 4. Look at the price chart of the coin and make sure it's price was 20%+ higher than now for at least two weeks. 5. BUY IMMEDIATELY those coins which met all the requirements. 6. Wait till the price recovers, then watch the price carefully once per hour. 7. Sell when it drops 5% from the maximum you saw that day.
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cryptoonoob (OP)
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August 29, 2017, 08:36:58 AM |
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Good idea, but be careful with the "passive income". You can get fraud
indeed, many scam out there now, we have to do our own due diligence
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cryptoonoob (OP)
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August 29, 2017, 08:55:53 AM |
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- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
Your instruction would've been great if you didn't make a huge mistake. Obviously, you must've meant buying low and selling high. Anyway, I think that the idea is good, but can be specified a bit. To invest safely one has to follow these steps: 1. Look at top 20 coins on coinmarketcap. 2. Define those which dropped 20%+. 3. Look at the news about these coins to make sure the drop is not due to serious problems discovered. 4. Look at the price chart of the coin and make sure it's price was 20%+ higher than now for at least two weeks. 5. BUY IMMEDIATELY those coins which met all the requirements. 6. Wait till the price recovers, then watch the price carefully once per hour. 7. Sell when it drops 5% from the maximum you saw that day. oh this is really a good strategy to follow, but step 6 may take a long time in some cases
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trumper
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August 29, 2017, 09:57:21 AM |
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There is no safe way to invest in cryptocurrency, the safest one is usdt, it can't be a investment for sure but even its value can decrease if it gets in trouble with banks.
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X-ray
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August 29, 2017, 10:04:23 AM |
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I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...) Then I can enjoy the uptrend of all coins and won't miss out any opportunity What are your thoughts? I think that the index fund depend on the bitcoin and ethereum movement, Sometimes if the bitcoin gets drop a lot and you will be lost in index but that was a safest way in this time but that can't bring you a lot of profit in once time trade.
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BTCwriter
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August 29, 2017, 10:08:31 AM |
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The safest way is not to invest at all
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coingrow
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August 29, 2017, 10:16:04 AM |
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There is nothing safe in crypto markets. Look at the volatility. Also at the speed quantum computers are being developed, if one is able to breach the blockchain, we all are doomed.
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Seansky
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August 29, 2017, 10:21:11 AM |
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I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...) Then I can enjoy the uptrend of all coins and won't miss out any opportunity What are your thoughts? That is not the safest way to invest in cryptocurrency IMO, because passive income does not last forever. If I were you, I will prefer active investment rather than passive investment and diversify my investments into many good altcoins to buy now and set a target. You are right though that passive income can be nice, so maybe I will diversify my investments between the passive and active one that way I have a chance of getting better profits.
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neinnein125
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VTOS
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August 29, 2017, 10:33:16 AM |
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There are no safe ways to invest in cryptocurrencies. All exchanges and coins are somewhat risky. But if you need steady income you should never buy anything other than top 20, especially pos coins.
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albertdros
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August 29, 2017, 12:02:02 PM |
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just participate in a bunch of free airdrops. That way you never have to invest anything. Actually, holding free airdrops forever might even be the most profitable thing ever.
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PadenoM
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August 29, 2017, 12:08:57 PM |
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There is no safe way, or use free airdrop
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