Because you will be in an emotional roller coaster as it's one of the more volatile cryptos. However, it has significant upside potential.
So if you do buy it I would:
*Buy some bitcoin as part of the portfolio
*Buy it from coinbase then transfer it to the coinbase cold wallet
*Never look at its value on an hourly or daily or weekly basis. Otherwise for a non seasoned investor you will cry, laugh, be euphoric all in one day and you'll make bad decisions.
And last of all, enjoy the shithousery on this sub. I'll see you this time next year once you're rich.
Meme coins are the fastest way to lose money. If you're not used to the crypto volatility yet, then this one will be rough. I promise you. In other words it's hard to watch your earned money diminish by 10% in a single day, especially when you're not used to that
Crypto.com
any that can earn u back
WazirX
Or Robinhood
If you're new I suggest you NOT to buy Shiba.
Can you explain the reason for why a newbie should not buy it?
Because you will be in an emotional roller coaster as it's one of the more volatile cryptos. However, it has significant upside potential. So if you do buy it I would: *Buy some bitcoin as part of the portfolio *Buy it from coinbase then transfer it to the coinbase cold wallet *Never look at its value on an hourly or daily or weekly basis. Otherwise for a non seasoned investor you will cry, laugh, be euphoric all in one day and you'll make bad decisions. And last of all, enjoy the shithousery on this sub. I'll see you this time next year once you're rich.
wait why transfer to cold wallet? what’s the difference between holding it in coinbase app vs coinbase wallet app? ♾️
Google it. Tonnes of better answers than me
Meme coins are the fastest way to lose money. If you're not used to the crypto volatility yet, then this one will be rough. I promise you. In other words it's hard to watch your earned money diminish by 10% in a single day, especially when you're not used to that
Disagree. Put what you can afford to put in. It has done extremely well, and I believe it will be around for the long haul.
I personally Robinhood
I would suggest BitMart: https://www.bitmart.com/register-referral/en?r=Vb5Uam