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28577501 No.28577501 [Reply] [Original]

Hello frens.

I'm new to crypto. I've done some fair research and I've decided to make an initial investment of $1,000 into GRT and $1,000 into ALGO, and DCA $100 into each of them every month.

Is this a good play? Any other advice would be appreciated.

>> No.28577830

Just make sure it's not money that you can't afford to lose. Not saying your choices are fucked, but your guess is as good as any on what will be successful.

In my opinion I think grt and algo are good possibilities of being successful as they actually offer something that's not just another eth token that can stake, idk about DCA.

>> No.28577990

>>28577830
This is good, not investing more than you can lose should go without saying but people are retarded and better to be safe than swinging from a lamp post.

DCAing isn't a bad idea and idk what your fiat to crypto method is but just $100 a week might get eaten alive by fees

>> No.28578118

>>28577830
GRT/ALGO from what I read seem to be very promising. Thank you for this advice.

>>28577990
Coinbase Pro only charges 0.5% so that's only $.50c per $100. Only downside is that transferring to a wallet isn't economically sound due to said fees.