Earn an apartment in a bear market - page 3.

fullhdpixel

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Quote from: bluebit25 on August 15, 2023, 04:16:05 AM

About x20 as much capital to hit the goal, I think the investment OP needs to see here is being willing to accept any problems that will come up, and fully believe that the goal will happen for at least 2 3 years next, for investment returns I think it will grow fast when we are in a bull market, but now it's about preparation and accumulation and patience with what you believe.

Except for btc, eth, I don't feel it is necessary to choose too many alts, maybe due to different researches, the evaluation will also be different, even in the current context of new L2, as well as the trend to start mentioned as much as AI will be the ones that I believe will get big attention in the future, so OP can also do more research to make a decision.

The key is to have a few but the best altcoins in your portfolio and only invest a small percentage of your capital into them because you never know when the bull run will come. Any of them can shoot into the sky and if you have it in your portfolio, it will give you a very high amount in return, and others that might not perform so well will be covered with that single investment. This is the reason why it is always important to have some diversification in your portfolio.

Bitcoin should have the highest percentage of the portfolio after that should come to ETH, and then there should be about 4 to 5 altcoins that are the best among the top 15 altcoins out there, and about 20% should be invested in all of them divided equally. One should also have some liquid assets so that one can buy more if the market goes down further.

Nrcewker

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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.

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.

tvplus006

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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...

If you invest $500 a month, then in about 20 years you will be able to buy an apartment for yourself. But this is provided that your investment does not depreciate. A more reliable option for investing would be to buy bitcoin and with a monthly investment you will receive a DCA.

beerlover

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Quote from: o48o on September 01, 2023, 06:26:43 AM

that would 22x of that money before taxes, which could make the need for growth significantly bigger.

I agree that this is the time to buy i any, but how is your portfolio divided. Because i personally can't see bitcoin raising to over half a million next bullrun. Maybe it does if you are lucky, but for example DOT seems a little random investment in your portfolio, especially when you consider that most crypto hacks have been using bridges. SOL is risky af, and XLM might lack adoption. Ada and XRP might rise even though i see anything so special with them. I don't know if they rise 20x though.

I frankly have no clue if eth has any limits on growing if they scale. So that i find a good investment. Even though it's already high in marketcap.

I would say maybe for the bull run after that? I think it would be tough to keep the price same for the apartment though, that's the toughest part. I think it should be important to realize that we are talking about something that is way too big. It could definitely end up holding it for a very long time as well and then you could maybe do something with it as well.

I think it should be good case and we could end up with a good return one way or another. I hope that we could end up with a good return so there is no pessimism required, if you can't make enough on the next bull run, you could make it on the one after that, or the one after that but you could do that if you wait enough and the return will be there eventually.

JeffBrad12

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Quote from: |MINER| on September 02, 2023, 10:06:34 AM

First of all I would like to say that it is very difficult to say that there will always be a fixed amount of profit through trading. Moreover, you will not only get profit by selecting good coins, but the investment should also be at the right time. If the investment is done at the wrong time, it is not possible to gain profit. Moreover, it is also wrong to consider trading as a quick money making scheme. Aiming to make such a huge profit with such a small investment seems impossible to me, unless it's like hitting a lottery.

thats true, might be possible with futures, but most certainly just simply take long time with investment, after all we can't just force the investment to have shorter timefrime its not even realistic.
the thing with investing is that, whether its gonna rise or go down, depends on the market, what we can do is just being patience, also the gain usually also determined from the money invested, if its $6k for that target of $130k i guess its gonna require some time before it could even get realized.
I'm guessing that maybe he needs to add more capital to the investment monthly more than just $500 to get into that target faster, investment in this case could function to speed up the process of gaining that massive amoun t of money.

Huppercase

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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'm speechless but this is step will land you in hospital if things go wrong, not because I don't see confidence and light in your process but the decision is vague and too easy to adopt. I hope you have plan B in your future plans if things don't go the way you expected, it will back fire and the to be clean and clear with you, that amount can become nothing tomorrow if the marrket should slide down further from this price, you see what has been happening since August.

If you are trying to make plans with Altcoins, I don't think trying to make money for apartment should be your primary concern, you should only be concern on how to make profit, altcoins are not guarantee, not even the entire crypto so expecting to have an apartment because you think you can own one in the future may not come as you expect it, becareful and think it through before you continue.

Another small advice I will give you is concerning SOL and ADA, so much money was lost from investors and for such 2 project to grow back requires lot of effort, if you are diversifying your portfolio, they should be the least you will allocate money to, don't forget to do your personal research.

uneng

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Quote from: fmz89 on September 01, 2023, 08:08:48 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.

BTC,ETH,~~XRP,SOL~~,DOT,XLM,~~ADA~~
with lower budget you need lower cap alt to maximize gain, those big coin wont do much in terms of profitable, use half of your budget in lower cap and some small portion to memes
playing safe 50:50 just in case another drop might happen on lower cap coin, which is tend to happen cus the team got burned if they use to trade their treasury lol, thats happen many times

What you say about the potential profitability of coins like BTC and ETH is true, however, how can we be assured which altcoins are going to do well on the next bull run? It's also true altcoins are more likely to grow x10, x20 or even more in price when they hit a trend, but we never know which of them are going to show this performance.

I think OP has to put more money into BTC besides his 6000$ initial budget and 500$ DCA. Altcoins look like gambling to me. Anyway, realistically it's not that simple to grow 6000$ into 130,000$. Remember that every promise too good to be true must be taken with a grain of salt.

Best-mary

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For me, I would go into diversification. Let's say you wanna save $500 every month.

Give 400 to bitcoin and save it there

50 for buying and selling where possible. Because investment takes time and you need something to support it. Then,

The remaining 50 can go into events. There are cool events you can participate in exchanges kcgi and it likes the could earn. You

That's my take

|MINER|

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First of all I would like to say that it is very difficult to say that there will always be a fixed amount of profit through trading. Moreover, you will not only get profit by selecting good coins, but the investment should also be at the right time. If the investment is done at the wrong time, it is not possible to gain profit. Moreover, it is also wrong to consider trading as a quick money making scheme. Aiming to make such a huge profit with such a small investment seems impossible to me, unless it's like hitting a lottery.

Rabata

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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 $130,000.
At the moment there are 6000$ 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 have invested in several coins but try to increase your investment on Bitcoins because Bitcoin will create a new ATH in next 1 year. It is definitely a good idea that you are holding some other coins but now that you have decided to invest $500 monthly your investment must be in Bitcoin. Even for a long time your investment will not go in vain. So the most importance should be given to Bitcoin. If you can hold your bitcoins until the next ATH, then your dream will certainly come true.

ASCDO21

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Quote from: fmz89 on September 01, 2023, 08:08:48 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.

BTC,ETH,~~XRP,SOL~~,DOT,XLM,~~ADA~~
with lower budget you need lower cap alt to maximize gain, those big coin wont do much in terms of profitable, use half of your budget in lower cap and some small portion to memes
playing safe 50:50 just in case another drop might happen on lower cap coin, which is tend to happen cus the team got burned if they use to trade their treasury lol, thats happen many times

Offer to sell XRP/SOL/ADA?

fmz89

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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.

BTC,ETH,~~XRP,SOL~~,DOT,XLM,~~ADA~~
with lower budget you need lower cap alt to maximize gain, those big coin wont do much in terms of profitable, use half of your budget in lower cap and some small portion to memes
playing safe 50:50 just in case another drop might happen on lower cap coin, which is tend to happen cus the team got burned if they use to trade their treasury lol, thats happen many times

MainIbem

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In my own idea you already hold the right coin why not just have patient to experience the bull market a bit, since no altcoin is trust than those you had listed already. Between I can't assure you that your $6k worth in different currencies would give you $130k if you invested them all, look closely if you wanna take a risk to venture into trade or to buy newly launched altcoin might lead you extremely to lose the rest asset you have already hold for Long now, so my suggestion is for you to be patient at the moment while the market changes to bull.

o48o

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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.

that would 22x of that money before taxes, which could make the need for growth significantly bigger.

I agree that this is the time to buy i any, but how is your portfolio divided. Because i personally can't see bitcoin raising to over half a million next bullrun. Maybe it does if you are lucky, but for example DOT seems a little random investment in your portfolio, especially when you consider that most crypto hacks have been using bridges. SOL is risky af, and XLM might lack adoption. Ada and XRP might rise even though i see anything so special with them. I don't know if they rise 20x though.

I frankly have no clue if eth has any limits on growing if they scale. So that i find a good investment. Even though it's already high in marketcap.

rhomelmabini

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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.

Your portfolio is kinda fine already but instead of XRP and XLM try other altcoins for you to diversify maybe set goals on new chains. Base network is kinda early right now and I think if XRP and XLM is 5%-10% on your portfolio that would be fine but you must know that it will be risky. On the other hand, XRP is still at 50/50 win on their lawsuit against SEC and that's still risky if I may asked.

OrangeII

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it might be a long way to go if your goal is $130k. However, you have a great start. Apart from that, the portfolio you have is popular coins that have huge potential in the future. It's just that, I might agree more if the investment you have is more inclined towards bitcoin. considering that this is a long-term investment, it is best to choose the king of crypto. Additionally, I might consider not having as many coins in my portfolio, as having a lot of coins would be more difficult to manage. However, even with the strategy you have, it's a good start. Well, I hope this has been an easy journey for you.

@sriyan

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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.

If I have $6000, I will allocate 95% for the bitcoins. Also, I will allocate 5% for the altcoins as well. Also try to do some testnet, mainnet, and bounty as well. You will get extra money for the gas fees. Also, you have to do the portfolio rebalancing to handle the losses of the overall portfolio.

Eg: Let's say the market is a bear market, I will be selling most of the altcoins and staying with stables. If the market is bull, I will invest in coins to earn some profits. So you can maximize your portfolio like that.

Godday

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Quote from: TheUltraElite on August 29, 2023, 12:15:28 AM

Quote from: Godday on August 15, 2023, 03:30:03 AM

~

For an investor who does not have time constraints buy Bitcoin with this money and continue adding to your portfolio as you can every month.

Yes I totally agree with your idea. Bitcoin is still the best, especially since in 2024 there will be a halving. Although buying Bitcoin at $500 is a small number as you will have several decimals behind it but if possible buy Bitcoin little by little, year after year and I am sure you will be more successful than those who only choose altcoins.

ASCDO21

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Hello everyone, at the moment the value of the portfolio is $7800, I currently have an additional $2500 that are waiting for investment, but I'm waiting for the coins to drop sharply. I decided to switch to a strategy of weekly purchases of $160 coins, and also raise the monthly replenishment to $800.
I really hope that I still have enough time to accumulate.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Godday on August 15, 2023, 03:30:03 AM

$500 is a big number in my opinion. You can choose to invest in some new coins that are not blue chips. But I still suggest that Bitcoin is the best. Indeed, you will not get fast profits, but it is very safe to keep your money there. Risk some on altcoins. That is a suggestion from me.

I would keep the blue chip ideas aside and consider that Bitcoin to be most safe and profitable here. Time constraints are the major deterrent because many people take these as loans and then start trading and when they can find a coin they make a thread here asking for suggestions. For an investor who does not have time constraints buy Bitcoin with this money and continue adding to your portfolio as you can every month.

Altcoins often seem like a quick avenue of success but this is a false dream because in the hurry and the risk the investor will lose money. Hence in the bear market focus on Bitcoin maximally.

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