New to CoinBase

Help me, spergs.

I know nothing. I am a complete smooth brain when it comes to this shit.

I dumped $200 into chainlink and $100 into ethereum a few weeks ago. So, do i just wait and hope this shit appreciates? When do i know the time is right to cash out? How do i cash out? Help me, frens.

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Unfortunately, I am serious.

I mean i don't think you should have invested your money into something you couldn't even be bothered to do some cursory research about. Are you investing for long term or short term? Are you planning on branching out into different coins? Is your end goal some spending money or a yacht? Don't you think you should have asked yourself these things and given them some thought before you decided to invest? There are a billion youtube videos about specifically investing in crypto via Coinbase; did you watch a single one?

The sad thing is, you can answer all these questions, and others that you might still have yourself, just by reading a few articles and watching a few youtube videos. There's nothing complex or mysterious about buying something for one price, then waiting for it to increase in value before selling it again. But if you can't be bothered to do some basic, basic research, investing your money in crypto might not be for you. This cavalier, careless attitude permeates throughout everything you do and touch in life, one of which will be your laziness and unwillingness to watch the market/be smart with your money.

You are correct. I should have researched but i didnt. It was an impulsive thing to do. I just wanted to drop some money and hoped it would appreciate.

I just wanted to invest and leave it alone. I dont want to touch it. Im hoping it will just keep growing and then i can cash out.

Well, at least you're honest about it. To answer your question, you chose an interesting time to start investing; the market is reaching it's all time highs right now, a lot of people think it will continue growing even higher. Nobody knows when it will dip; if we did, we'd all be rich; but it should be reasonable to say that it won't be before the market has actually hit the all time high.

I would say if your plan is to just invest some 'rainy day' money into crypto, your current stack is a pretty good start. I would consider branching out into different coins, XRP has exploded as one of the biggest and most popular coins ever in the last few weeks, culminating in last night's run and this morning's dip. I would highly consider investing some money into it, as it seems like a quick and easy way to make a short term investment.

Hopefully you're not like what I previously described, because being careless and cavalier about money is a vile trait that leads people to ruin. Money doesn't grow on trees, it can all be gone tomorrow, regardless of where you put it, and there wouldn't be a god damn thing you can do about it. It isn't infinite; every dollar matters because it'll have been a dollar that passed through your hands; a dollar you had control over but you invested it badly/without thinking. If someone tells you to invest in the stock market tomorrow, I hope before you consider it, you do some research. Never blindly throw money at things.

I am not like that. I have never invested and i dont gamble. I had an extra 300 and i decided to take a chance.

I just dont know the basics and i guess i will have to research that on my own. My 300 is already 350. So maybe i will take 50 and put it in xrp?

Welcome to Zig Forums now get the fuck out.

No idea. Told you. Smooth brain.

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6 months ago I put £250 in to XRP.
Now its worth £600.

My overall investment has 10x to £2.5, and my portfolio is currently £3.2k.

Nice returns, but temporary. This is only the start. I expect it to drop off again. The 6 months experience i've had the profits are nothing compared to what i've learned. And i'm still an absolute amateur. Take your time. Don't panic. No panic buys, and certainly no panic selling. As long as you can afford to lose any investment then there is no need to fret if it dips and no need to cash out if it rises. Crypto is a long term game and still in its infancy.

Why not sell half, keep ur profit, and leave the remaining half to appreciate?

This is what i am trying to determine- right now my 300 turned into 400. Should i just cash out 100 and leave the original 300? I could keep doing that to make profit, no?

I would have a goal amount in mind to cash out via coinbase, and plan if you are going to add to it or not.

I'm building up a portfolio. Instead of cashing out I make trades. Also im waiting to cash out in a country with no CGT. I'm in the UK and would be obligated to pay tax but I have dual citizenship with New Zealand and they don't have CGT.

Yes if you want to retain a portfolio at 300 thats fine.

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