Cryptocurrency Investment Advice? | Bitcointalksearch.org

hello_good_sir

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Quote from: Awaklara on October 13, 2021, 02:45:54 PM

Dear community, I need your advice all. so long story short I have a colleague in a private company where I work. I tell my first journey in this forum, how to get started, how to earn here and some other questions related to this forum.

When talking about earning without spending capital (money), frankly I say that to get free money on this forum by promoting a project or joining an Airdrop. I also say there is no guarantee after promoting a project can generate (money) for you. as I know that there are many types of fraudulent projects although not all projects end like that.

And My Friend has around $30k in capital and is planning to invest in crypto. I recommend BTC for the first choice and tell some of my current investments such as AXS, BNB and MATIC (I bought 3 altcoins when the price was low). other than that, AXS has reached its new ATH, while the last ATH for BNB and MATIC is around May.
My question is it safe to invest BTC at the current price?
Do you have any other Altcoin options?

The answer very much depends on how much the person needs the $30k.

Is it just play money for him? Or is it actually something that he needs in the very near future?

If the latter I would recommend against investing in crypto altogether. Only if he can afford to lose all of it should he even consider putting some away into crypto. In terms of your question of if BTC is a guaranteed profit making undertaking, the answer is a clear no. Markets fluctuate every single day.

I would not invest in any NFT related projects, including AXS right now. $30k is not a small amount so perhaps larger cap projects like Solana and Cardano would make sense.

thesosorr

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Investing in a coin called BTC, in my opinion, will always be safe and has no effect on the price. When people consider the current price of BTC to be expensive, but if you buy at the current price, I think there is also no need to hesitate if you experience a decrease in price because BTC is one of the most promising coins in terms of investment.

lienfaye

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Quote from: Awaklara on October 13, 2021, 02:45:54 PM

My question is it safe to invest BTC at the current price?

The good time to buy bitcoin is when the price is declining. However if you plan to hold for long period then any price is ideal since you're not investing for short term. We know anything is possible to happen, the price can turn upward or downward unexpectedly. But there's no such thing as "safe" when you're investing because its risky, thus better to have less expectation when you invest your hard-earned money.

Quote from: Awaklara on October 13, 2021, 02:45:54 PM

Do you have any other Altcoin options?

Well established altcoins are my choice but still DYOR to be certain. There are also gem on new coins however its not easy to spot it.

asriloni

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Quote from: Awaklara on October 13, 2021, 02:45:54 PM

And My Friend has around $30k in capital and is planning to invest in crypto. I recommend BTC for the first choice and tell some of my current investments such as AXS, BNB and MATIC (I bought 3 altcoins when the price was low). other than that, AXS has reached its new ATH, while the last ATH for BNB and MATIC is around May.

Don't you tell your friends to learn about crypto before try to invest in crypto? this will better than let your friend to invest without any knowledge about that. At least he must not take wrong price as his entry point.

Quote from: Awaklara on October 13, 2021, 02:45:54 PM

My question is it safe to invest BTC at the current price?

For bitcoin is yes as there was possibility for bitcoin to growth even more. The real competitor for bitcoin was gold and you can compare how much marketcap owned by bitcoin and gold. Bitcoin potentially to go to the 100k or even more. It's better to spend a few percents into the altcoin rather than putting all into the bitcoin.

Quote from: Awaklara on October 13, 2021, 02:45:54 PM

Do you have any other Altcoin options?

You can try to pick top 50 coins or less. There's no guarantee for the instant profit. The only best coins to be catched with low market valuation.

NicNacCoin

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Before investing in cryptocurrency you must look at different aspects. What are the conditions in the market for the few investments you want to make?How popular?Seeing how strong the team is and its popularity around the world then you must invest.Currently many projects are becoming scams. Never invest in yourself without judging.

dunfida

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Bitcoin is too high. But it's not that you can't make a profit from bitcoin. It depends on how much money you want to invest. If it's big, there's no harm in storing most of it in bitcoin. Because it will still be profitable. And 50% of it you can invest into altcoins that you believe in the future can produce greater profits.

Its never too high, if its too high then no point to invest on entire cryptocurrency since it would be decline anytime soon. Just invest it after some dips come, so u can start accumulate it safer.

I dont really believe much on the word safe here on cryptospace or even on traditional investments because on the time you had step your foot into this market then prepare to get burned.

Risk is always there and its always been part of investment and thats why we shoupd really ba careful with our decisions.This isnt something that you would really be confident on.

The rest of learning will depend on real experience that you'll get along the way.

speedforce

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Quote from: ?? on ??

Quote from: Awaklara on October 13, 2021, 02:45:54 PM

My question is it safe to invest BTC at the current price?
Do you have any other Altcoin options?

I think it is not a good time for Bitcoin investment becouse now bitcoin have Bullish mode, so you can wait and also maximum altcoin now pumped, previous some month was golden time for investment.

If its really bullish, then its probably would be more favor to be invested, its easier to make a profit when its on bullish rather its on bearish mode. But even people think its on bullish mode, its would be another bullish trap and we can see another rejection soon, but i hope its really a bullish and we would see a great rally soon.

jrrsparkles

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Quote from: Awaklara on October 13, 2021, 02:45:54 PM

Dear community, I need your advice all. so long story short I have a colleague in a private company where I work. I tell my first journey in this forum, how to get started, how to earn here and some other questions related to this forum.

When talking about earning without spending capital (money), frankly I say that to get free money on this forum by promoting a project or joining an Airdrop. I also say there is no guarantee after promoting a project can generate (money) for you. as I know that there are many types of fraudulent projects although not all projects end like that.

And My Friend has around $30k in capital and is planning to invest in crypto. I recommend BTC for the first choice and tell some of my current investments such as AXS, BNB and MATIC (I bought 3 altcoins when the price was low). other than that, AXS has reached its new ATH, while the last ATH for BNB and MATIC is around May.
My question is it safe to invest BTC at the current price?
Do you have any other Altcoin options?

If you ask me this is the right time to enter the market? I will say maybe not because the ATH of BTC is around $65K which happened a long ago but now the price is around $58 so not much difference between its all time high so incase if the bear trend begins now the price may fall harder to its previous ATH which is $20K or even further so it will take lot of courage and patience to get from that position.

Nakarato

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Yes, Bitcoin is very safe now but the the leverage is very low cause the high market cap, but I can still recommend Bitcoin.
A good and safe Altcoin option is Litecoin Cash. It has lost over 99%. So it's very cheap. And massivly undervalued.
Litecoin Cash is the brother of Litecoin and is correlating since 2021 with Litecoin. There is a lot of development there. Take a look on CoinMarketCap, whitepapers and so on...

Doell

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invest in btc is safe even though it looks high-priced and it is yeah high-priced but still safe ,ethereum is still the main choice in altcoins so I recommend it ,you also know that there are many altcoins and your friends can invest in with high quality ,bnb sol ,but have to be honest with the risk that you might lose if one day a crash occurs must remain calm say it to your friend

masulum

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hmph..

Quote from: ?? on ??

-snip-
There are also NFTs coins that show a quite promising profit over time too.

I don't think it's appropriate to suggest that a newbie goes straight into NFT, because NFT is something new that may still lack a method to research what kind of NFT he should buy in order to have value in the future.

For OP, the altcoin suggestions given are quite good, they have a large market and a fairly strong community, except for AXS which is still relatively new, but the adoption of AXS games is already quite popular, it should be an alternative for your colleagues. However, always remind him, about risk management of his investments, if he already have experience in trading, maybe you don't need to do this.

isaac_clarke22

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Quote from: 91254vvpatel on October 14, 2021, 05:05:29 AM

When BITCOIN was launched in 2009, no one knew that Bitcoin would reach this height. But it takes time to adopt any new technology. People have adopted the bitcoin and everyone is aware of the current situation. Yes but if you are new understand crypto first. Learn from EXPERT, understand. And invest using your own intelligence. Start small. And go ahead and understand. The rest of the future is spectacular. The future of crypto is coming. That's what I believe.

Few knew it. Surely they are hella lucky to buy more than a whole of Bitcoin in less than a thousands of USD. I wished I was like those though, but my misinterpretation got into me.
Some are considering to have mentorship, but you do not need that actually. Just go self-taught and you will be fine.

michellee

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Nothing is safe in any investment because you will face the risk, which always comes at anytime. But bitcoin will have the potential to increase so high in the future, so your friend can invest in bitcoin anytime he wants. Maybe he can divide his funds into many parts and not buy bitcoin at once to get a lower price and hold it for some time. He needs to know how long he will hold bitcoin to sell his bitcoin when the time comes.

For the altcoins, maybe I can suggest buying Matic, ADA, TRX or other low coins prices that can increase. Maybe you can help him suggest the other coins because sometimes, a friend will listen to the other friend closest to them.

bunglor

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Quote from: Awaklara on October 13, 2021, 02:45:54 PM

Dear community, I need your advice all. so long story short I have a colleague in a private company where I work. I tell my first journey in this forum, how to get started, how to earn here and some other questions related to this forum.

When talking about earning without spending capital (money), frankly I say that to get free money on this forum by promoting a project or joining an Airdrop. I also say there is no guarantee after promoting a project can generate (money) for you. as I know that there are many types of fraudulent projects although not all projects end like that.

And My Friend has around $30k in capital and is planning to invest in crypto. I recommend BTC for the first choice and tell some of my current investments such as AXS, BNB and MATIC (I bought 3 altcoins when the price was low). other than that, AXS has reached its new ATH, while the last ATH for BNB and MATIC is around May.
My question is it safe to invest BTC at the current price?
Do you have any other Altcoin options?

There's a lot of things you can do without spending money here or participating to bounty campaigns or airdrops. You can sell things or offer service here. About the investment I think it is safe to invest to BTC but I think you should wait a little longer for some correction it's always good to buy at correction phase rather than in ATH or uptrend market.

I suggest SOL and DOT. You can do your own research about this coins.

91254vvpatel

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jaimini patel

When BITCOIN was launched in 2009, no one knew that Bitcoin would reach this height. But it takes time to adopt any new technology. People have adopted the bitcoin and everyone is aware of the current situation. Yes but if you are new understand crypto first. Learn from EXPERT, understand. And invest using your own intelligence. Start small. And go ahead and understand. The rest of the future is spectacular. The future of crypto is coming. That's what I believe.

Al Qiyamah

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Quote from: Awaklara on October 13, 2021, 02:45:54 PM

My question is it safe to invest BTC at the current price?

It's best to wait when the Bitcoin price drops a little more or below $50k. and last for the long term.

For Altcoin options I prefer Cardano (ADA). With the capital you mentioned I think you can buy more than one Altcoin for investment.

Natalim

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Quote from: kurniawan05 on October 13, 2021, 06:25:55 PM

Bitcoin will be the price reference for all altcoins, currently the price of bitcoin is quite high, but is predicted to continue to increase along with the acceptance of bitcoin by various countries, but it must be reminded that if there is a decrease in the price of bitcoin you must have a strong mentality to keep holding bitcoin and waiting for the next price increase.

Investing in bitcoin with its present price at $57,283 is something of a high risk so you should know how to manage the risk. But you won't be buying the whole coin so maybe buy even a little portion of it and hold it until you see the price is already in its peak. And by that time, you'll definitely make profits. When it comes to altcoins, i think you miss investing in ethereum. Don't forget to add it in your portfolio since its also heading into its new ATH. But never expect that you will make quick profits from your investments because sometimes when you think you're almost there, then a sudden market crash happens so it will really test your patience on how you will handle the situation.

Rigon

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If you want to invest in cryptocurrency, you must do a lot of analysis. You need to invest in coins that are in a very good position. You are always 1 in the market cap direction Up to 50 coins can be considered for investment. wants to invest the coin to see how strong the project team.Also consider the more good aspects then you need to invest in cryptocurrency.

kurniawan05

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KUWA.ai

Bitcoin will be the price reference for all altcoins, currently the price of bitcoin is quite high, but is predicted to continue to increase along with the acceptance of bitcoin by various countries, but it must be reminded that if there is a decrease in the price of bitcoin you must have a strong mentality to keep holding bitcoin and waiting for the next price increase.

speedforce

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Its better to avoiding giving investment advice to your colleague , moreover you asking it again to another person. You will ruin your relation when its a fail investment, and you probably only receive small gift if its a success one.

Topic: Cryptocurrency Investment Advice? (Read 198 times)