I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.
What replacement coins would you recommend?
Are you going to hodl it? If yes, then go btc, or if you wanna take a greater risk. Split your money, 50% in btc, and go altcoin with the rest. Just to keep you busy while holding your btc. You might get lucky if you found a good project and may earn more than your hodling in btc. Or just invest your 50% in top 5 or 10 altcoins if you are a bit worried.
and this is also practical way of trying to increase chance of gaining at the same time diversifying our portfolio and mostly of us? are doing all of these thing that majority of investors are here to gain while waiting like what you said.
a mature plan to settle down holding bitcoin sometimes switches to other choices because it gets stuck in a FOMO increase of 1000x which doesn't match the results. which is definitely the main bitcoin for the long term from now on and no doubt about it. allocate altcoins only 30% nascent project clear
allocating 30% is good enough for this case like what op is trying to established and yes we all serve him better option and I think he'll get better soon .
In my opinion, investing in Bitcoin and altcoins is still very feasible in 2023, especially if you started last year and see for sure that you have already made a profit from Bitcoin,
is always feasible investing with Diversification meaning combining bitcoin to altcoins(of course good altcoins).
but for altcoins if you want to invest there, make sure you really analyze from a fundamental point of view, because altcoins are really very prone to being scammed,
there have been lots of cases like FTT, SOL, CEL and a few more coins, so be careful.
Only SOL that i come to trust from these list but its yours , I may add at least XRP and ADA? those are simply but promising .