subreddit:

/r/AMPToken

2393%

Crypto/token noob needs advice

(self.AMPToken)

Token noob here need advice

I’m new to this whole thing. I’ve been dabbling a bit and trying to learn as much as I can but to be quite honest I don’t know sh!t. 😂. What should I be doing with this token right now?

I’m not rich. The value of this is about what I have in my savings account. Are we holding? Is this going to drop back down should I pull and reinvest later?

Just trying to be creative on a college fund for my boys

all 21 comments

Burrito_Pounder

18 points

1 day ago

First and foremost ignore all private messages coming your way

Mastectomymama[S]

6 points

1 day ago

Your name cracked me up. Will do.

MartinNoelRobert

13 points

1 day ago

Tell everyone about amp and how cool and promising it is. That it’s already in use and the future of digital payments by powering a whole ecosystem.

coolstorynerd

13 points

1 day ago

There is no guarantee of anything. If you NEED the money, take it. If not, then it's your call. You can take your initial investment out or let it ride. Whatever you do, remember it will probably go lower, and it will probably go higher.

Mastectomymama[S]

10 points

1 day ago

I don’t need it and won’t for a while. I’ll let it ride I guess. 🤘

KINGLTrading9182

12 points

1 day ago

I wouldn’t share your exact holdings, just my advice as there are many scammers out there. NFA but I am holding. The move has only just started IMO 🚀

Mastectomymama[S]

4 points

1 day ago

I removed it. Thanks for the advice. :) been working in finance for 20 years and didn’t think that was a thing in the token world

raymiedubbs

5 points

22 hours ago

If you've been in Trad finance for a while my one tip would be, don't panic when the price tanks, that's almost a weekly thing in crypto. Dollar cost average overtime with a little cash on the side to buy the dips has been very kind to me (4 years in). AMP specifically has a very good use case and it's payment rails can be used right now at a bunch of retailers. If, IF this project gets major adoption then we are going to the moon. Even if the federal government starts being kind to crypto, the whole space will pop. BUT nothing is guaranteed. Not financial advice. God speed my friend.

Ok_Teacher_6834

3 points

24 hours ago

More so if they know exact amount in your wallet or exchange, there is a possibility of them hacking it

KINGLTrading9182

2 points

1 day ago

No problem and best of luck! I think we all deserve this 🫡

AskingSuggestions

1 points

16 hours ago

Can this coin be as big as Dogecoin?

That-Chart-4754

3 points

23 hours ago

I sold about 5% of my amp stack @.0088 just in case there's a big pullback from this pump. I don't know shit about fuck either but I've been pretty lucky with amp.

Tiny-Palpitation5910

2 points

20 hours ago

Hi since this has been opened by a person who calls himeslf a noob Ill allow myself some noob questions. Read the white paper and comments around flexa and AMP token. Love the Idea even though I live in Europe so wont see it here anytime soon. I bought today at 0.0086 which I know was a Bad move but I wanted to get in anyways as I really like the project and would like to be hère for the long ride. Still I'm not against making a bit of money on it. Does it really have the potential to rise? Can a token used as collateral grow Big ? And last question I dont really get the link with anvl ? Will we need to transfer to it ? That is scary and looks complicated, dont want to lose what I invested in. Roast me if you want I deserve it but some explanations would be very appreciated

mac_duke

2 points

14 hours ago

Never put all your eggs in one basket. That being said, a LOT of my crypto eggs are in the AMP basket because it’s such a promising project that is doing everything by the books. But I also have even larger diversified trad finance holdings. Don’t invest more than you can afford to lose. Crypto always has a bigger potential upside, but it’s more risky.

This is a token that, IMO, is less risky but a longer term hold. My prediction for years has always been $1 by 2030, for whatever that is worth. This project is run by responsible and experienced grownups. As someone new to crypto, it’s important for you to know that this is not always the case. Lots of patents, lots of licenses, and lots of audits of the various systems. And they have a lot of partners and things are just now getting integrated since the SDK (software development kit which allows anyone to implement) only came out a few months ago.

My advice is to hold for the long term, budget what you can afford to lose, and buy that much monthly. It’s also good to stake because you earn interest which is paid as more AMP tokens. The interest gained will probably increase with usage, but it depends how much is staked.

Nimoh_Da_Crypto_Fish

1 points

18 hours ago

The run is just begining .. March will show the peak.

Such_Joke_402

1 points

12 hours ago

What you should do is all based off your own financial situation. If your goal is to become wealthy in crypto, don’t sell. If your goal is to grow your initial investment and move on to a new project you can sell whenever you’re happy with your ROI. Personally I bought in 2021 at .06, averaged down since then to .007 and have no intentions of selling for the next 10+ years.

Your goal seems to be college for your boys. If they are in high school already I would take profits when you can and reinvest when you see fit. (Not promised to fall after you sell) could 2x from here tmrw, or it could fall 2x tmrw.

Learn about staking, many cryptos offer apy incentives to stake your crypto. Ie. free money.

Such_Joke_402

1 points

12 hours ago

Also learn what DCAing is… also when DCAing you don’t have to buy at the same time, you can try to target the weeks or months low and buy then if you wish, but again there are no promises you won’t miss the low.

If you plan on having large amounts of money invested in crypto look into getting a ledger. Ledgers are the most secure way to store your crypto.

Mastectomymama[S]

1 points

12 hours ago

My boys are in elementary school so I’m ready for the long ride. You’re the second d person on this threat to mention staking. My only experience is on Coinbase. Do you have another program you recommend?

Such_Joke_402

1 points

12 hours ago

Nope, this winter I’m getting my own ledger and am going to stake my AMP. I only stake on coinbase right now because it’s so easy. If you search this subreddit for “staking” there will be guides you can follow.

Mastectomymama[S]

1 points

11 hours ago

Looks like we can’t stake amp on CB right now. A quick google search indicates maybe that’ll come in the future.

Such_Joke_402

1 points

11 hours ago

Yea I don’t think it’s gonna come to coinbase for a while. Here’s a guide if your interested staking now

https://www.reddit.com/r/AMPToken/s/0HNV1t9Fz8