10k investment - page 14. | Bitcointalksearch.org

nesty

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

Hi,

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

P

With 10K investment it is better to choose the top coins in market cap they are the safest investment for a long term goal. If you are slight worry to invest on XRP just follow your gut feelings or you might regret it. A few years ago i had invested in XRP and I bought them at $1.18 in 2018 but since then my portfolio with XRP did not recover i ended up selling them at loss and just reinvest it to other much better crypto currency. Do your own research first before investing so that you will not regret it.

GreatArkansas

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.
(....)

Why not buy Bitcoin and Ethereum? It got maybe low ROI but it will help you to sleep at night peacefully.
Think also other high market cap altcoins but you need to do research here. Ripple and Cardano always got issues since before. Maybe you can buy these altcoins but a small portion only, and allocate a high percentage of your portfolio to quality ones like high market cap coins.

TastyChillySauce00

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Quote from: fvb on April 19, 2023, 09:50:26 AM

With such good assets, why do you even need XRP or ADA. You can scatter this amount over several top coins and get really great profits. You can create a portfolio that will bring you tangible profits, let's say in a couple of months. This is my humble opinion, but it's up to you and the choice is up to you.

He may consider XRP and ADA as major coins right now. that's why he was asking for an opinion regarding it. He will able to divided it into so many coins. There are so many good coins in the market right now and it's hard to believe that he will be able to divide it easily.

Quote from: Wikey on April 19, 2023, 04:31:56 PM

Hi All,

Just an update, appreciate everyone’s input so far. I have done 10k into ADA as it stands, I do have another pot I started back in August as well, this has various coins including eth and is currently up about 4k overall.

I have been in crypto a while but only started in the last bull run so didn’t make any real profits, I have been sitting on the sidelines since waiting for the right time to invest along with doing a lot of research into different projects.

Paul

What about your portfolio status now? Did you decide to put some into the ADA when bitcoin gets dumped or have you even put your money in before the dump? You may face a small lose if you were putting it before the dump of btc.

It seems like that ADA has not pumped yet. The hype has gone.

Wikey

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Hi All,

Just an update, appreciate everyone’s input so far. I have done 10k into ADA as it stands, I do have another pot I started back in August as well, this has various coins including eth and is currently up about 4k overall.

I have been in crypto a while but only started in the last bull run so didn’t make any real profits, I have been sitting on the sidelines since waiting for the right time to invest along with doing a lot of research into different projects.

Paul

Cling18

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$10K is already a huge fund to start up investing. If you want assurance, better not put all of it in one basket. As for me, XRP and ADA are good choices. XRP still never loses its potential despite the controversies that it has been facing. Aside from these coins, you should also consider or even prioritize top potential coins like Bitcoin and Ethereum because they are also profitable in the long run.

carrie_white

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investing 10000$ in crypto is a very risky thing if you are not careful, for a period of 1-3 years I think a suitable coin is bitcoin, but if you are more interested in altcoins, then my advice is BNB. but remember my advice is not to put all the eggs in one bag

fvb

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With such good assets, why do you even need XRP or ADA. You can scatter this amount over several top coins and get really great profits. You can create a portfolio that will bring you tangible profits, let's say in a couple of months. This is my humble opinion, but it's up to you and the choice is up to you.

monineklutak

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Quote from: tvplus006 on April 19, 2023, 08:22:07 AM

Quote from: Wikey on April 14, 2023, 08:04:41 AM

...ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

For me, your choice of coins remains unclear, since you yourself understand that in case of a Ripple loss, the price of an XRP coin may approach zero and nevertheless you are considering it for investment. 3-4 years for investment is a long time, therefore, it is necessary to choose coins from those that after this time will not only remain on the market, but also increase their value.

It is important to make a wise decision considering many things,
because at least that way we can analyze the risk which is good for ourselves,
there are still many decent and safer coins for investment and if indeed for the long term of course the best choice is Bitcoin.

tvplus006

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

...ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

For me, your choice of coins remains unclear, since you yourself understand that in case of a Ripple loss, the price of an XRP coin may approach zero and nevertheless you are considering it for investment. 3-4 years for investment is a long time, therefore, it is necessary to choose coins from those that after this time will not only remain on the market, but also increase their value.

Similificator

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

Hi,

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

P

It would have been nice though if you had mentioned whether this 10k you're talking about is the entirety of what you can invest or only a part of it because it would help people who wants to give advice to better understand your situation and give better advice.

If by chance, that 10k is the entirety of what you can invest at the moment, then it would be wise to divide it between several reputable coins that you like. That is, if you still don't have other coins on your portfolio.

Now if that 10k is only a part of the funds you have available for investing, then it would be best if you think about it more whether you really want to choose only one between the two or if you can compromise and assign portions on both coins. Doesn't matter which you decide to put in more, you just have to make sure that you are well informed about the state of each coin, like issues, developers, new updates etc., etc. So that you can make better decisions.

Good luck OP.

Boomber

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Quote from: CryptoHFs on April 14, 2023, 08:06:59 AM

1-3 years = bitcoin.

no need to wait 2-3 years to invest in Bitcoin, because I believe next year at the time of Bitcoin halving, you will definitely get profit from investing in Bitcoin at this time, therefore now is the right time to buy and hold Bitcoin, because I believe that 2024, Bitcoin price will definitely create a new ATH price and give a lot of profit.

Kelvinid

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It is a question of why? But OP doesn't make any comment and say something about the reason why choosing them, maybe he has a valid reason to believe that either of the two coins will give him decent rewards. Too bad to think about why choosing them because we know that there are better coins than these two and besides, we've never found a reason to put in such a huge amount of money when we can choose ETH or BTC and we can be sure that it will multiply when the market turn bullish, unlike how these XRP and ADA can do.

lienfaye

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

You have a decent capital to invest in just 2 coins.
Why did you choose XRP and ADA? For me XRP is not a good coin to hold for long term because of the case while ADA is not bad but I prefer to add more coins in my portfolio aside from these coins.

It would be better to invest your money to few more altcoins that has good future like ETH and BNB, this is to minimize the risk. So for long term include Bitcoin ETH, BNB and the 2 coins of your choice then allocate some to a coins that you think has potential or might be a hidden gem.

wxa7115

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

Hi,

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

P

Can you afford to lose that money if you decide to invest in XRP? If the answer is no then XRP needs to be discarded immediately as its performance has been abysmal during the last five years, and the only reason it remains as one of the top coins is because many people are refusing to sell waiting for things to improve, something which it may never happen.

Cardano on the other hand is a good coin but it has its own set of issues, and you should not consider investing in it unless you are already happy with the size of your bitcoin holdings.

borovichok

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Quote from: PIMPdev on April 15, 2023, 05:49:56 AM

That's a lot of money, I'm not sure you should ask unknown people about what to do with them. But my opinion is that XRP is not worth investing in at all, it did hit $3 5 years ago and after that nothing interesting was happening there, and I don't think it will. ADA is a little bit more promising, but still. It takes only about 5% of my portfolio.

Investing in XRP or ADA is all just a waste of time, these projects have already made their bull runups long time ago, the only recommend project is Bitcoin and Ethereum. Taking information from unexperienced traders will only adds more losses to your account. I prefer more time for a n investor to sit down and plan one's strategy inother to get more profits from the market. It's never an easy job to aides for the brighter side of the market, but looking effortlessly and hoping for the very best should be our ultimate priority in the market.

Xal0lex

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

Hi,

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

P

Why this choice? I would not choose XRP as a long term investment, the same bitcoin will give more percent profit in 3 years than XRP. Look at XRP's chart, it hasn't updated its ATH in over 5 years, what kind of returns are you hoping for with an asset like that? Besides, 2 assets is not enough for diversification, I think you could have chosen 1-2 more assets, and preferably they all should not be from the top 20 of Coinmarketcap. I would take a closer look at something going after the first hundred, there are very promising projects concentrated there.

KingsDen

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Quote from: hugeblack on April 15, 2023, 12:11:17 AM

Quote from: Wikey on April 14, 2023, 08:04:41 AM

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

If I do that, then most likely the amount of $10,000 may end up being $20,000 or $17,000 and nothing more than that. This is at the best time and you may incur losses.
Why did you choose these currencies in particular, meaning that there are a lot of alternative options that look better.
In general, in the coming period, it is better to invest more than 15% of your investments in alternative currencies, and the rest in Bitcoin and stable coins.

XRP long-term strategy is to be a stable with low fees and daily use, and therefore it is not a long-term investment.

I had wanted to ask similar question why the OP specifically picked the above two coins. Is it that the OP already conducted his research and came up with this two best options and now want us to chose for him.
I asked because according to you, there are some coins that are better than the two he mentioned.

But OP should also try look the way of bitcoin because of the duration he wants to invest. I cannot trust an altcoin for more than 2yrs no matter how reliable it has claimed to be in the market.

someone703

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Quote from: Wikey on April 14, 2023, 08:04:41 AM

Hi,

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

P

If you have been intending to hold that investment for 1 to 3 years then I recommend you to choose some less famous coins in the market like ETH, LTC, LINK, BNB,... and especially should hold BTC.
Personally, I'm not a big fan of XRP and ADA, but I don't have a problem with them even though a lot of FUD happens to them but I do see the strength of these coins in the market. With such a timescale, it is easy to choose, but consider because $1000 is a large amount, make sure you have thoroughly researched the coins above, and of course you will accept it too. The risks may occur after that time that they do not meet the expectations.

Husires

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Cardano has performed well this year, as the price has returned to $0.425 levels, which is close to what it was in November 2022 when the FTX platform collapsed.

The average purchase price for Cardano was $0.548, so the losses achieved by investors are less than 30%, so historically, the loss rate is much better than many currencies.

If I had a choice between Ripple and Cardano, I would choose Cardano.

This is not investment advice.

Bollexz1

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In a situation like this, I mean with the time frame projected, it's better you just go for Bitcoin mate. It is extremely cheap in the market compared to his ATH. Go ahead and bundle some and add up while you still can.

Topic: 10k investment - page 14. (Read 2924 times)