A beginner's guide to buying Ethereum on Coinbase: divide your money into five equal buckets, buy ETH with the first one, then buy more each time the price drops 10-20%. Sell portions when it rises. Advanced move: borrow against your ETH holdings to get cash while keeping your coins.
I'm gonna give you the most beginner basic baby strategy for new crypto people. I've been doing this for a long time. I get it. It's complex. I'm gonna make it so simple that your grandma could do it. Step 1, download Coinbase. That's all you have to do. Just download Coinbase. Ignore the market. Don't think too much. Step 2, when you download Coinbase, connect your form of payment, whether it's a bank account, credit, or debit. I'm not gonna pull open the prompts. You could download Coinbase and do this. This is not that hard. Step 3, deposit cash in the market. So put The amount of money you want to risk in crypto into your account, but don't just buy a coin. Listen. Step 4, split that money into 5 equal distributions. So if you put in, for example, $1,000, I want you to think in terms of $200. Step 5, put your initial amount in the second safest altcoin on the market, which is Ethereum. Right now, Ethereum is extremely undervalued in comparison to the entire market. Put the $200 in and don't think about it. Step 6, when Ethereum drops in price, set a notification on Coinbase. If it drops 10 to 20%, you pick whatever you want, doesn't really matter too much. Go ahead and put another dollar amount in. So the other $200 allotment, you do it again. Every time it drops, you do it again and you keep doing it until it goes up. Here's where most of the gurus or really smart guys fail. This is it. Take profit, sell some of it. So the ones that are at the bottom, if it keeps going down, sell that as it goes up and you'll make, you'll eat. And just to add a pro tip, if you have a lot of Ethereum, you could actually take a loan against it. So for example, and don't do this for everybody, this is, I want to keep it baby, but it is kind of baby. It's kind of like a house loan. What you could do is you could take a collateralized loan against it right on Coinbase right now as we speak. For example, if you put in $100 grand and You could take out $50,000 but keep the $100 grand of exposure. So if it goes up 10%, you make the $10,000 on $100 grand, but you have the $50K to go pay your bills or do whatever you want. It's called a loan. You could take a loan against your own Ethereum. This is a little bit more advanced. Just follow me. I talk about this stuff if you want more details.
