Analysing the market for small investors

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Quote from: Marykeller on June 22, 2022, 03:40:50 AM

There is this popular saying that the patient's dog eats the fattest meat but how long will the patient's dog continue to wait for the fattest meat?

The patient dog will have to wait for 2 more years or better still May 4, 2024 before he can eat the fattest meat.

Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Time for the meat is not defined but there is hope for it.

Are you forgetting the market 4years cycles and instead of the patient to be bothered by the current situation it is better he started growing his bag.

Quote from: Marykeller on June 22, 2022, 03:40:50 AM

The same goes for crypto investment. We are all advised to buy the deep and hold top coins like bitcoin, Ethereum, or any other altcoins. Which is a good idea but bitcoin or any other top coin requires a huge amount of money for investment to be able to have profits.

No. What it requires is self-discipline, dedication, aim, and concurrent use of the DCA strategy every week or month. Before it 2024 you'll have the huge amount you said.

Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Your suggestions would be investing in other altcoins you can afford to invest in, right? but nobody knows what the future holds for them in this bearish market.

Nobody knows what the future hold but there are some altcoins in the market which are long-existing with good historical data, and capital and always follows the BTC trend when it bullish market

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Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Your suggestions would be investing in other altcoins you can afford to invest in, right? but nobody knows what the future holds for them in this bearish market.

The best way to diversify your portfolio is to include assets from many different sectors. Buying altcoins along with the Bitcoin investment is not really diversification. You are basically buying the same type of asset with different factors of risk associated with them. Altcoins will always be susceptible to price fluctuations of the Bitcoin market as they usually correlate with each other.

Good examples of investment diversification are government bonds, corporate bonds, and other fixed income securities for hedging against a dips in the stock and crypto markets.

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Diversification of investment requires investments that are not related to each other or are supposed to work inversely or independently of each other such as bonds and dollars, or dollars and gold or bitcoin and stablecoins.
As for investing in more altcoins, it is not diversification, but rather an amplification of risk, as it will either double your profits or losses, although the possibility of doubling losses is more likely.

Invest in bitcoin mainly 80%, 10% of altcoins and 10% of risky altcoins

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Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Mine owe advice to them is no amount is too small or too big in crypto as long as diversified your investment. I see opportunities to invest in what you can afford to lose. Nothing is good or bad until the mind makes it so.

If you actually meant diversifying as in buying Bitcoin and then other altcoins as well, then i am afraid you aren't diversifying at all, if you have been reading threads in the forum especially in this board, you'd have come across posts explaining what true diversification is, Bitcoin and altcoins are instrinsically similar, thus if you buy the both of them you aren't diversifying per se, if you want to diversify then buy Bitcoin and other assets like gold or silver, etc.

Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Your suggestions would be investing in other altcoins you can afford to invest in, right? but nobody knows what the future holds for them in this bearish market.

I do not think i have or can advice a user to buy altcoins, many of them are pump and dump coins and have no utility at all, so you can be prolly sure that most of them will dump and not rise again, you are advised to buy Bitcoin cause it has an actual utility and even if it plunges, it will always rise back up again, altcoins are different, they are backed by hype and fake promises and not its utility which most of them lack.

Little Mouse

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Never mind. Crypto won't make you rich quickly unless you are too much lucky.
There's no alternative of investing in bitcoin. That's the safest bet without any doubt. Now, if you are thinking of being rich with a few thousand investment, you are not in right direction.
Let me share you something.
I have been in this field for years. I have invested very little amount back in the days, got some good return and reinvested in the dip. I sold whatever I had in the last bull and waited with almost all the USDT till now. I just have recently started buying BTC once again for long. This is how I believe you can grow your balance. You can't simply look for some shitcoin and expect to be rich within a year. You have the chance to lose everything in such circumstances. Look at Luna, it was supposed to be a great altcoin but now, it has turned into a real shit. No altcoin is good enough.

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Quote from: mk4 on June 22, 2022, 09:29:07 AM

-snip-
As with the advice part, seriously if you don't know how to pick good trades then simply don't do it. There are other so much ways to make money out in the world that's going to be worth more your time and money.

They are forced to trade because they think, with a small bait they will get a big fish. without needing to know what to do. they assume
Crypto will always be profitable, without thinking about the many losses that can occur, without knowing what to do. in their initial investment they don't know what coin to choose. So why choose to trade in crypto if you don't have any basics or are trying to figure it out? as you said, there are many ways to earn money other than crypto trading.

mk4

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Are we going to have the typical unit bias argument again?

As with the advice part, seriously if you don't know how to pick good trades then simply don't do it. There are other so much ways to make money out in the world that's going to be worth more your time and money.

Jawhead999

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First, don't invest in shitcoins and the second only invest on the asset that you know.

Honestly if you're want to invest for long term, you're don't need to analysis about the market since you don't have to know when Bitcoin will reach the highest ATH, but you're need to accumulate more coin to make your investment become bigger. That's what investment is, if you're want to know when Bitcoin will reach x price and when you will take profit, that's trading.

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Investment as a concept is not a get rich quick scheme, it's a slow process which takes time to build up. Investment does not replace income, it's rather a means of purchasing assets and not putting your income into liabilities.

Quote from: Marykeller on June 22, 2022, 03:40:50 AM

bitcoin or any other top coin requires a huge amount of money for investment to be able to have profits.

Your suggestions would be investing in other altcoins you can afford to invest in, right? but nobody knows what the future holds for them in this bearish market.

Bitcoin technically does not require a huge capital, you can buy fractions of it and hodl. But, most people would rather invest in altcoins with less value as it's believed they have a higher potential for growth, similar to Bitcoin when it was less that a dollar; but many of the time this is not the case and most end up losing money in the long run.

Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Mine owe advice to them is no amount is too small or too big in crypto as long as diversified your investment. I see opportunities to invest in what you can afford to lose. Nothing is good or bad until the mind makes it so.

I agree fully with the first part, no amount is too small, but diversifying in crypto is one way to get easily rekt, especially when you don't have much to invest.

Build sources of income and find a percentage to invest (DCA) for the long term. (Could be 10-15 years, or more)

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Quote from: Marykeller on June 22, 2022, 03:40:50 AM

Am asking, what will be your candid advice for those that have little money for investment but don't know the exact coin to invest in.

Better is to study the prospect coin/token. Check out the premine figures if its not a VC handle cause it can really go down hard. Focus on the tokenomics, know as much details about the vesting period of the tokens on the model they shown. Check its marketcap and what kind of project they are building for the community if its worth a shot. To minimize the risk, pick a top altcoin wherein it showcase stability even on bear market. Historical price data can help at what price could they grow more.

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Regardless of the advice given to newbies, some will continue to do what they want. I believe the best advice is to have a background knowledge of cryptocurrency and Bitcoin. With a good understanding of Bitcoin, one can decide which coin to buy and also conduct additional personal research on the project before investing. But remember, "Never invest money you can't afford to lose."

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Quote from: Marykeller on June 22, 2022, 03:40:50 AM

We are all advised to buy the deep and hold top coins like bitcoin, Ethereum or any other altcoins. Which is a good idea but bitcoin or any other top coin requires a huge amount of money for investment to be able to have profits.

You are wrong in this very concept of yours, I guess what you intended saying is that for you to make huge profits you need huge amount of money for investment, because no amount of money is too small to invest in top coins such as Bitcoin and Ethereum, because an increase or fall of either 10% could uniformly affect an investment of either $50 or $1000.. So no amount of money is too small to invest in Bitcoin

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Can you remember in December 2018 when bitcoin was just $5200, can you remember in March 2019 when bitcoin was below $4000, can you remember in March 2020 when bitcoin was below $4000. Csn you remember November 2021 when bitcoin reached all-time-high of $69000. Because of small amount, you do not want to invest in bitcoin? Think otherwise.

You can invest what you can afford to lose on altcoins.

Marykeller

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There is this popular saying that the patient's dog eats the fattest meat but how long will the patient's dog continue to wait for the fattest meat? Time for the meat is not defined but there is hope for it. The same goes for crypto investment. We are all advised to buy the deep and hold top coins like bitcoin, Ethereum or any other altcoins. Which is a good idea but bitcoin or any other top coin requires a huge amount of money for investment to be able to have profits.

Your suggestions would be investing in other altcoins you can afford to invest in, right? but nobody knows what the future holds for them in this bearish market.

Am asking, what will be your candid advice for those that have little money for investment but don't know the exact coin to invest in.

Mine owe advice to them is no amount is too small or too big in crypto as long as diversified your investment. I see opportunities to invest in what you can afford to lose. Nothing is good or bad until the mind makes it so.

Topic: Analysing the market for small investors (Read 160 times)