Topic: $1000 to spare each month, how would you invest it? - page 12. (Read 2397 times)
I prefer investing it than just holding and spending it each day it would only deplete the money and over time be gone. Where in investing you can make profit out of it, sure there are risk but there are no such thing as risk free or 100% safe in investing or any business. You need to have a calculated risk in order to not fail or loss money.
Hey,
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
Like any investment, some carries larger risks, and others smaller risks. Bigger ROI's long-term wise will tend to be of higher risk investments. For example, investing in Bitcoin casino be-the-bank investment pools.
If you had invested in bitvest.io for example: You would have earned about 1.5-2.5%/month on average, which banks can average from 1-3% annually, and stocks as much as up to 10% annually. However, consider the risks, and what is most comfortable for you.
Just-dice for example back in the old days once had a 50,000 bitcoin investment pool. And it swung as low as -9000 BTC, which if the whale had stopped would have been a big loss.
Hey,
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
If I am correct than it seems you can HODL for long term. This is a good sign.
Best option would be to diversify your portfolio. Invest into TOP 10 Cryptos according to CMC.Major percentage of you Investment should be the TOP 3, which is Bitcoin, ETH and XRP.
Hold it till the end of next year and you surely will be 3x.
Actually this is the best time to buy.. This is the deep. The ugly part of the market most people don't like. No volatility for day traders to make profits and as you can note price have almost been on the same range over along period of time. According to some opinion from experts, it simply means there's not any more further drop going to happen. What we will expect is a rise that will come probably within months to even a year or two.
Best coins to buy are in the top 20, most of them are solid projects. Make sure you look at their all time highs
Ethereum for example.. Right now at $200, capable of reaching at least $1500 as we witness earlier this year... That's almost a x7.5 profit
Same applies with NEO, currently at about $16, almost touched $200 sometime back... That's over ×10 in profits another advantage of NEO is that you can earn passive income in form of Gas. If you have lots of NEO coins, you can earn some meaningful money every 24 hours. Vechain also has ALMOST the same passive income format like NEO.
Just do research about those different coin. You will find those suitable for you.
Don't forget to diversify your portfolio.
Best coins to buy are in the top 20, most of them are solid projects. Make sure you look at their all time highs
Ethereum for example.. Right now at $200, capable of reaching at least $1500 as we witness earlier this year... That's almost a x7.5 profit
Same applies with NEO, currently at about $16, almost touched $200 sometime back... That's over ×10 in profits another advantage of NEO is that you can earn passive income in form of Gas. If you have lots of NEO coins, you can earn some meaningful money every 24 hours. Vechain also has ALMOST the same passive income format like NEO.
Just do research about those different coin. You will find those suitable for you.
Don't forget to diversify your portfolio.
As you said, you are now in good timing of investing. There will be no regret for any coin that you will choose to invest but I'd go with bitcoin so if I have that allocated budget monthly, I'll definitely put that $1,000 to it. But don't ever move your emergency fund because you can't tell when emergencies would come.
Whether you will choose a good altcoin now they all depends on the movement of bitcoin. And don't also move your current portfolio so you can recover the losses that you've made with it. Avoid investing now to ICOs or any investment that guarantees you profit, I guess you know what are those type of investments.
Whether you will choose a good altcoin now they all depends on the movement of bitcoin. And don't also move your current portfolio so you can recover the losses that you've made with it. Avoid investing now to ICOs or any investment that guarantees you profit, I guess you know what are those type of investments.
Good strategy. It looks like you invested what you can afford to lose so just continue to hold and don't make a sell-off. I usually don't give financial advises, but if you are here for the long haul, then I would go with Bitcoin. It hard to put your money in ICO because of scam and majority for alts has also suffered. Only bitcoin is the best option for now specially if we're going to see another massive bull run in the next coming months or years.
Hey,
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
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