In December moved Ethereum over to Binance and started looking at it weekly and now this week it has been daily. This stuff is addicting.
But the worst freaking part is friend invested $200 into Tron on late on Dec 27th for $0.04. As of right now it's bouncing on either side of $0.23. His portfolio is in Binance as well which estimates it to be worth $1,161.35. Today is January 4th.
That was just shy of $1,000 profit in one week. However, he would still have to trade that to Bitcoin or Ether, and then transfer to Coinbase in order to convert into US Dollars, aka money in the bank.
Until then, it feels like play money. However, the speed of moving coins from one wallet to another is fairly quick. Except last night... I transferred 1 Ethereum from Coinbase over to Binance to invest in other crypto last night and it took at least a few hours.
Other times I've moved from wallet to wallet it's generally in 15 min or surely less than an hour.
Anyway, life is all good because Ethereum is up to just about $1,000, and I transfer my coin profits to Ethereum and then cash out from Coinbase, as I think pulling out and getting these coins in the bank account is the only true way to measure ROI.
I'll keep profits in Binance and attempt to grow those each month. So far it's pretty easy and I have no day trading experience.
What is your crypto investment strategy and how does it play into your long-term investment strategy?
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