I used to buy it and stake it on Binance in one simple step but currently, the UK regulators stupidly restricted Binance from operating here so I tried Exodus wallet, which makes it super easy to buy and stake in just one click for 7% APY, but the current debit card fees from Ramp and Moonpay (the two services that provide the payment) are way too high. So I was wondering if someone figured out what’s the best way to proceed in the UK to send GBP and get SOL ready to stake with reasonable deposit fees. Thank you for any advice.
Can you explain where and how is it possible to buy SOL in a DEX with fiat without going through a CEX first for sending GBP? Thank you!
the only 1 major suggestion I wan to make is dont buy/enter markets at these highs.
its high risk.
the time to ape in is at the bloody bearish lows when fear is so strong and the discount is too good to pass up on. THAT is where we buy. Now, is where we take profits n execute exit strategy (unless u trade actively and know what youre trading/doing)
Thanks for the advice. But what if SOL keeps going up? Then we would regret not buying it before! I try to invest every extra penny I earn, so I just keep buying SOL every time I have some income. I’m not a trader and don’t want to spend time looking at prices or charts, I just buy and buy and buy and buy whenever I have cash and hopefully, in a few years, I will have much more than what I have now. If I start speculating when to enter and when to wait, maybe I wait too much and then regret or miss the best day to get in and then it’s higher, etc. not sure if I could be right about that so I just buy SOL no matter what whenever I earn Pounds. Maybe in the future I can learn more and improve, I don’t know. Anyway, your feedback is appreciated! Thanks.
theres a dude on reddit a 1st time investor who bought 1400 sol between 10-22. 10k investment.
nice bag
nice profits
i did the math
1400 sol @ 68$ = 95k
almost 100k, from a 10k investment
im certain he wont even take 50% off the table, and just gunna keep holding it blindly instead of banking that 100k and just patiently wait for next bear leg to start buying at the lows.
100k is a down payment on a fucking house, and then some
from 10k to a house, but, he’d rather keep holding. even goes to 100$, guys like that will just keep holding
last bull run, met a dude online who invested his entire 401k on SOL at $5 (which was the top of first bull leg)
yelling ‘fuck bitcoin dominance, sol is taking over’
told him take profits man, market gunna dump. good chance itll come back to 20-25$ in bear market. dude laughed n said, impossible & unlikely.
he deleted his twitter after it dumped below 100$
live n learn, and learn from others
this took me long time to learn
https://www.tradingview.com/x/f0Efi1ji/
https://www.tradingview.com/x/1epu9i1c/
but i learned it forever now
this white circle is when i sensed something was wrong
wish i had more skills & experience at that time, wouldve been the juiciest short. live n learn
https://www.tradingview.com/x/PrHdIQX0/
even if ‘the bottom is in’
still gotta correct the move up
so you can expect something like this over span of next 2-5 yrs
just a rough sketch
https://www.tradingview.com/x/esmdc5RG/
https://paxos.com/
DYOR as its your money. check YT videos.
from what i gathered, load up some gift cards or prepaid credit cards (use cash, this way it cant be traced to you).
setup few wallets (if u dont know how, this is crucial first step). once again, YT.
phantom and solflare are well reputed wallets. Id say use both, 1 for trading/moving around funds and 1 for profits. once ur comfy, buy cpl hard wallets for long term storage - these wallets are the ones that we want to keep like an anonymous secret savings account to build wealth adding extra 0’s over time. These will be your future house, cars, vacation & retirement money.
Take your time, build grow. Learn everything 1 by 1. in few yrs you will be 1 of the happiest & wealthiest people in your network.