Earn an apartment in a bear market - page 2.

doomloop

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Quote from: ASCDO21 on September 20, 2023, 05:02:43 AM

Hi all. I have a question. Approximately how much capital do I need to have before the bull run to reach my goal of $130 thousand? 20 thousand? thirty?

That totally depends on the coins you are buying and their growth percentage in the bull run. However, the higher the capital is, the higher the profits will be. For example, if Bitcoin is priced at $30k and you buy $15k worth of Bitcoin, when the price of Bitcoin reaches $31k, you will get $500 in profit, whereas, if Bitcoin is priced at $30k and you buy a whole Bitcoin, you will earn $1,000 if it manages to go to $31k. That's how a higher capital affects the profit percentage you might get.

That being said, it still will depend on the coins or tokens that you will be buying when they are low and selling them when they are high. You will need to get 13x profit if you are using $10k as your initial capital, in the same way, if you are using $20k, you will need to get 6.5x profit in the bull run.

Godday

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Quote from: ASCDO21 on September 20, 2023, 05:02:43 AM

Hi all. I have a question. Approximately how much capital do I need to have before the bull run to reach my goal of $130 thousand? 20 thousand? thirty?

This is complex and requires research first. I don't know exactly when the bull run season is but what I can say based on experience in previous bull run seasons is that it is very difficult to reach the $130k goal with $30k. This means that it requires an increase of around 4.5 times the capital. If we talk realistically, I suggest $50k-$70k and with that amount of capital I recommend investing in BTC because apart from the confidence that has been guaranteed, at least an increase of 70-90% in the bull run season is still quite something to consider.

ASCDO21

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Hi all. I have a question. Approximately how much capital do I need to have before the bull run to reach my goal of $130 thousand? 20 thousand? thirty?

wxa7115

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Quote from: GreatArkansas on September 07, 2023, 09:05:37 PM

Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

(...)
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
(...)

It seems OP is not saving money here, this is investing. And when you do invest, it comes with risk, you either win some or lose some. You can't guarantee.
But if you plan and do it properly, it is worth it and will be profitable.
I like the confident of OP, by having a target first because if you do have target, you will work hard, grind to reach that target.

While it is true that having a goal gives you the incentive to try to do what you can to reach it, it is also important to try to keep the goal realistic, otherwise it is incredibly easy to take risks that are too high for the skills that we posses, also even if the goal itself is realistic sometimes what is completely out of place is the timing in which our goal can be reached.

And example of this are the people that want bitcoin to reach one million dollars during the next bull run, do I think that bitcoin can reach that price? Yes, do I think it will happen during the next bull run? Not really.

gunhell16

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Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

Hi all.
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
At the moment there are 6000$ in cryptocurrency
My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Ready to invest $500 per month.
Advise on the best way to fix profits and what kind of cryptocurrency to buy. Now the markets have fallen - it's time to buy.

I hope all investors here in cryptocurrency are like you, who have money to allocate $500 for crypto investment. That kind of amount can help a lot of the community in this crypto space. So what I can say is that if your allocation is like that, every month you will allocate 20% to altcoins, and then the 80% will go to Bitcoin.

That's a good strategy for sure, you can save a lot of bitcoin or cryptocurrency. Even if I had a resource like yours, maybe I would do the same, which could be more. Especially now, it is a good time to invest because we are still bearish at the moment.

Gallar

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Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

Hi all.
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
At the moment there are 6000$ in cryptocurrency
My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Ready to invest $500 per month.
Advise on the best way to fix profits and what kind of cryptocurrency to buy. Now the markets have fallen - it's time to buy.

I will start here with the calculations.
The apartment OP wants to buy is $130k and you pool your $500 for a month.

If it's just $500 x 12 months you'll get $6000. So over a year you can collect $6000 dollars to accumulate into crypto assets. So my suggestion is that you can accumulate $4500 for bitcoin, and the rest you can accumulate for altcoins, such as ETH, BNB, Matic, Solana, or ADA. In fact, if it were me personally, I would definitely accumulate 95% or even 100% of the money in bitcoin. Because as we know, Bitcoin will face a halving cycle next year, and it is very likely that a bull run market will arrive. So the possibility of price increases and potential profits is greater.

But if you are not sure about the advice I gave, you can use 50% of your money for BTC, and 50% for altcoins that you are interested in investing in. And you need to know, that your journey to be able to buy an apartment through investing in crypto is not a short time. It will definitely take a long time to achieve your dream.
So stay enthusiastic and stay patient.

GreatArkansas

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Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

(...)
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
(...)

It seems OP is not saving money here, this is investing. And when you do invest, it comes with risk, you either win some or lose some. You can't guarantee.
But if you plan and do it properly, it is worth it and will be profitable.
I like the confident of OP, by having a target first because if you do have target, you will work hard, grind to reach that target.

lienfaye

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Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

Ready to invest $500 per month.
Advise on the best way to fix profits and what kind of cryptocurrency to buy. Now the markets have fallen - it's time to buy.

Your portfolio has good coins to hold until bull run but you don't have BNB yet. So try adding this coin, it's one of the established and worthy to include in our portfolio (but still DYOR). The market is declining so yes a good time to keep buying, I suggest to buy additional coins only for established coins like BTC, ETH and BNB and stick to it until you had a good amount of holdings.

Your goal is to have sufficient money to buy an apartment and it's not a small amount. We can't predict what coins will have a huge growth during bull run but as long as you're holding a coins with potential, you'll certainly gain from it. Thus, be wise on what coin to buy monthly with your allocated budget.

Cadaver20

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You are right now is the time to fill your bag because the market is now bearish. If you stick to your goal, it will surely come true. Hope the bull run will start in the market in a few months. Many new projects will be launched at the beginning of Bullrun. Among these projects, good projects should be found and invested there. Also keep an eye on binance launchpad. You will find good projects from there too.

Blitzboy

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Quote from: justdimin on September 07, 2023, 04:48:24 AM

Quote from: kamvreto on September 06, 2023, 07:27:17 AM

BTC, ETH and XRP seem to be enough, too many coin choices will indeed be confusing. But let's look at the potential of each top altcoin, it will provide double profits if in the bull run season all altcoins rise. You just need to choose which one is the best and use it as your main investment. Be wise in choosing altcoins and make sure you don't put all your eggs in one basket, there are many baskets to choose from to maximize long-term investment.

XRP is definitely not the one I would have picked there. I have always said that four horseman of crypto is btc, eth, bnb and ltc because those are the four that is known the most and loved the most with as little questions as possible.

I know that it is going to be a tough thing for a lot of people to accept that but XRP has been a scam ever since it started, I do not think that it would be something that could make a profit that easily and we should avoid it as much as we possibly could. I know that it is not going to be a simple thing, but I can't really make it work that easily neither, it just doesn't seem to be possible for people to understand why they should stay away from XRP, so I just let them be and learn themselves.

You've clearly done your research, so I value your opinion on the "four horsemen" of crypto. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin all have a strong reputation. Heres a different way of looking at XRP, though. I get your concerns, but I think calling it a "scam" might be too heavy-handed. Of course there have been problems, and I understand some of your worries. For the sake of argument, though, lets say that every asset type has its own problems and critics. Remembering that is very important. Although I have my doubts about some cryptocurrencies, I believe in doing a lot of study before making a choice. As an alternative to completely ignoring XRP, I believe it should be constantly observed and evaluated. Crypto is changing very quickly, and I've learned that I should never completely rule something out.

kamvreto

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Quote from: Godday on September 07, 2023, 04:00:35 AM

Yes I agree with you. Diversification is great but diversifying too much will not bring you any benefit. If one coin goes down in price and several other coins go up, of course that's not a good thing either. You won't really make a profit by diversifying a lot.
Just have your portfolio in 3 or 4 altcoins like CRO, XRP, MATIC and Vechain. It is my asset and I think it is the best altcoin in my opinion.

Yes, 3-4 portfolios seems to be enough, I'm also just one of them. But the selection of what Coin you want to hold is your own responsibility. If you believe it, do research and make sure the project continues and has good development.

Quote from: justdimin on September 07, 2023, 04:48:24 AM

XRP is definitely not the one I would have picked there. I have always said that four horseman of crypto is btc, eth, bnb and ltc because those are the four that is known the most and loved the most with as little questions as possible.

I know that it is going to be a tough thing for a lot of people to accept that but XRP has been a scam ever since it started, I do not think that it would be something that could make a profit that easily and we should avoid it as much as we possibly could. I know that it is not going to be a simple thing, but I can't really make it work that easily neither, it just doesn't seem to be possible for people to understand why they should stay away from XRP, so I just let them be and learn themselves.

I am also aware that XRP is not an option for everyone, I am just referring to what the OP said, I also have very little XRP and hold more BTC, ETH and BNB, and LTC seems to be a good option for the long term as well. some coins will provide maximum profits when the bullrun comes, we just need to wait. But stay away from some coins that are not recommended

justdimin

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Quote from: kamvreto on September 06, 2023, 07:27:17 AM

BTC, ETH and XRP seem to be enough, too many coin choices will indeed be confusing. But let's look at the potential of each top altcoin, it will provide double profits if in the bull run season all altcoins rise. You just need to choose which one is the best and use it as your main investment. Be wise in choosing altcoins and make sure you don't put all your eggs in one basket, there are many baskets to choose from to maximize long-term investment.

XRP is definitely not the one I would have picked there. I have always said that four horseman of crypto is btc, eth, bnb and ltc because those are the four that is known the most and loved the most with as little questions as possible.

I know that it is going to be a tough thing for a lot of people to accept that but XRP has been a scam ever since it started, I do not think that it would be something that could make a profit that easily and we should avoid it as much as we possibly could. I know that it is not going to be a simple thing, but I can't really make it work that easily neither, it just doesn't seem to be possible for people to understand why they should stay away from XRP, so I just let them be and learn themselves.

Godday

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Quote from: kamvreto on September 06, 2023, 07:27:17 AM

BTC, ETH and XRP seem to be enough, too many coin choices will indeed be confusing. But let's look at the potential of each top altcoin, it will provide double profits if in the bull run season all altcoins rise. You just need to choose which one is the best and use it as your main investment. Be wise in choosing altcoins and make sure you don't put all your eggs in one basket, there are many baskets to choose from to maximize long-term investment.

Yes I agree with you. Diversification is great but diversifying too much will not bring you any benefit. If one coin goes down in price and several other coins go up, of course that's not a good thing either. You won't really make a profit by diversifying a lot.
Just have your portfolio in 3 or 4 altcoins like CRO, XRP, MATIC and Vechain. It is my asset and I think it is the best altcoin in my opinion.

martinex

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If the funds are ok, why not, friend. The time for netting arrives because there are lots of big fish that can be caught because they don't swim very far. yes. the market is in a very good condition to accumulate if you have enough funds why not just BTC or ETH if you compare it if there is a price increase the profit value is also not much different if you invest in BTC and ETH even if BTC goes down a little something else maybe come too. Yes. In my opinion, the Parent coin is better to pay attention to buying at this time.

el kaka22

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I will not really put in any type of negative thought in this. If OP is happy about the results then he will continue to do so, if he is not happy about the results he will change and do something else with the money he has, I think that is a normal and understandable approach.

As long as people could keep on investing at the right coins, the amount they will make in profit will be a good one and should be supported and not really approached like this. Just because you do not agree with the choice of the coins doesn't mean that you have the right to tell people they are making a mistake, maybe they are right and you are wrong, we wouldn't know until it happens. Then, they can make a change if they dislike it.

kamvreto

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Quote from: Bananington on September 04, 2023, 01:17:46 PM

Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Your choices and options are too many to me, it increases the risk you will face and makes it so that if you are not careful, you will just be consistently loosing the capital you want to invest, and then you will not be able to meet your target of getting a house.

If you must invest in Altcoins, invest in a few (One or two), it reduces the risk and make your investment easier to monitor.

BTC, ETH and XRP seem to be enough, too many coin choices will indeed be confusing. But let's look at the potential of each top altcoin, it will provide double profits if in the bull run season all altcoins rise. You just need to choose which one is the best and use it as your main investment. Be wise in choosing altcoins and make sure you don't put all your eggs in one basket, there are many baskets to choose from to maximize long-term investment.

wxa7115

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Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

Hi all.
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
At the moment there are 6000$ in cryptocurrency
My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Ready to invest $500 per month.
Advise on the best way to fix profits and what kind of cryptocurrency to buy. Now the markets have fallen - it's time to buy.

The problem for you is that you are trying to obtain 20x profits with coins that while good will most likely not experiment such a high growth, a more conservative estimate taking into account the current prices is something between 4x and 7x, so you will need at minimum 16k to make your dreams come true, assuming my prediction is correct.

Now if you cannot get that money before the bull run then you will have no option but to buy riskier altcoins, but as you may guess the chances you will get scammed go through the roof once you begin to consider those coins as a viable investment.

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Quote from: Bananington on September 04, 2023, 01:17:46 PM

Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Your choices and options are too many to me, it increases the risk you will face and makes it so that if you are not careful, you will just be consistently loosing the capital you want to invest, and then you will not be able to meet your target of getting a house.

If you must invest in Altcoins, invest in a few (One or two), it reduces the risk and make your investment easier to monitor.

I'll slash it into few like BTC, ETH.

That shall do and will be able to hit his target for having the cost of owning an apartment. It's a good plan of having the profit go into another asset that will generate income.

Not a lot of investors able to do that because they don't know how to spend their profit when it's already on hand.

Bananington

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Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Your choices and options are too many to me, it increases the risk you will face and makes it so that if you are not careful, you will just be consistently loosing the capital you want to invest, and then you will not be able to meet your target of getting a house.

If you must invest in Altcoins, invest in a few (One or two), it reduces the risk and make your investment easier to monitor.

Yatsan

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Quote from: Nrcewker on September 03, 2023, 07:37:34 AM

Quote from: ASCDO21 on August 08, 2023, 12:24:37 PM

Hi all.
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
At the moment there are 6000$ in cryptocurrency
My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA

Ready to invest $500 per month.
Advise on the best way to fix profits and what kind of cryptocurrency to buy. Now the markets have fallen - it's time to buy.

You are aiming for more than 10x profits of your investment. Practically this is possible, but yes it will take time. As you can’t make a lot of money overnight, so yes you have to patience in order to yield maximum profit. You will definitely see huge profit in the next bull market if you buy now, but I don’t think it will be 10x the price. Yes buying altcoins can give you huge profits, but you need to make sure that with huge profits, huge risks also come. Do careful research before investing the amount.

OP indeed has a good way of investing in comparison with those who are having a goal but aren't patient enough and not minimizing the risk to come up with the desired profit. No success indeed was done overnight. $500 is a bit high already but as long as you can manage the risk, then things would be alright.

You are quite having a good list and I am agreeing with using those coins except for DOT which I am not that familiar with. Also, this is a better risk than to cope up with "small names" having high rate of increase but also promotes higher risk.

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