Earn an apartment in a bear market - page 4.

justdimin

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Quote from: bakasabo on August 10, 2023, 07:32:55 AM

You plan to reach from $6k to $130k, and 1/5 of your portfolio is Bitcoin and the rest is in top of the top altcoins? And to achieve that in next bear market? I would say that this is impossible. First of all, turning $6k into $130k is very difficult. That is a huge gap. Second, you are full of altcoins, that already grew in price multiple times. To achieve your goal, they must increase in price more than 20 times. For example you have Ripple. Today, its price is 63 cents, and you expect it to cost more than $10 one day? Nearly impossible.

You know what, calculate the amount you would have, if you have current amount of altcoins, but use their ATH prices. How much would it be? Would your portfolio be worth $130k then? I would say that would be the maximum amount you would get if you would be extremely lucky.

I feel like it is not really impossible, I am not saying that it is going to be easy but it is quite obvious that it is not going to be impossible. I just think that we are going to end up with a resolution that will be profitable to all. Even if he fails to go from 6k to 130k, it could still end up being good. This is why we should be focusing on what we have, and not what we think we could have.

If you focus on turning 6k to 130k, then you are going to miss your chance to get out at 80k for example. With the upcoming bull run, we are nowhere near enough high with alts, they are not that high, when the bull comes, all those alts will go up a lot more and the price will be a lot more as well. This will benefit everyone easily.

ASCDO21

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Increased the position on bitcoin, now the percentage in the portfolio is 30%. It has now slightly corrected to 26 thousand.
Do you think it will collapse even more? My average bitcoin position is 22k

bluebit25

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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.

Godday

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$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.

AliDeep

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Quote from: ASCDO21 on August 14, 2023, 02:52:15 AM

I decided to raise the share of BTC in my portfolio to 40% without rebalancing, but simply buying more coins. 10% ETH 10% BNB

In 2024 it will be a halving of bitcoin and many people are waiting for it. After halving of bitcoin it price will start to rise. Acording statictics new maximum of Bitcoin will be reached at 2025. So I think that investment in Bitcoin is a good idea.

dezoel

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Well, I don't want to discourage you but earning $130k from just $6k would require at least one of the coins you've invested in to perform magically well, because you can't get that much in a few years with coins or tokens that do go up but not in such large numbers. Bitcoin is the most trusted cryptocurrency in the market, but even if you invest all your capital into Bitcoin, which you shouldn't, you won't get a return that high even during the bull run because we know it won't hit $1m this soon.

However, I would suggest that you keep adding coins that you think are both trusted and has the potential to give you good profits in the bull run. I would suggest you add LTC to your portfolio as it is a trusted cryptocurrency and it also performs well at times. Meme coins might provide you with great profits but I wouldn't recommend you doing that since most of them actually fail in the long run.

nelson4lov

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Quote from: ASCDO21 on August 08, 2023, 01:24:37 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.

Don't be in a haste to make money in this bear market otherwise, you'd lose more money than you'll make. Right now, not a lot of projects are doing well (price-wise) so it would make more sense to keep it till when the bull market comes as that's the time an $500 investment alone in altcoins can give you upward margins as much as 100k. You can focus your attention right now to learn what worked in the last bull run and strategize according.

Quote

I will prepare and wait. And the opportunity will come.

kawetsriyanto

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Quote from: ASCDO21 on August 08, 2023, 01:24:37 PM

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.

$500 per month is quite good amount of money. I suggest to prioritize investing in top coins first.
You already have some top coins on your portfolio, I think you can add more top altcoins such as MATIC, BNB, HBAR, APT, or ARB. And there are many other altcoins with good fundamentals.

However, I think you still need to always accumulate more BTC and ETH. These coins should be the main assets. I personally invest 50% of my capital in BTC and ETH. I think the safest coins to invest only BTC and ETH, there is no other coin that have the capability as these coins. We simply can check the market caps to know how big the role of BTC and ETH in crypto.

AakZaki

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Quote from: ASCDO21 on August 14, 2023, 02:52:15 AM

I decided to raise the share of BTC in my portfolio to 40% without rebalancing, but simply buying more coins. 10% ETH 10% BNB

With a 40% BTC allocation that is good enough to last long term. Remember that 40% is a good foundation for you and 60% you use for potential altcoins like Eth and BNB which are 10% each and the rest is for reserves and some hype altcoins that give you quick profits. Remember that every strategy you apply must be well thought out on how to manage it.

Xal0lex

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Quote from: ASCDO21 on August 08, 2023, 01:24:37 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 would recommend you sell all your altcoin junk and buy bitcoin. Why do you need SOL, DOR, ADA? Do you seriously think these coins can make you a large amount of money? XRP will not grow more than bitcoin in the next 2 years, what's the point of spending on coins that in the long run will bring less profit than bitcoin? You have a clear inefficient use of your funds in your portfolio. My opinion only, I am not imposing anything on anyone.

aseprebel

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earning an apartment in a bear market can be an intriguing idea, but it requires careful consideration of your financial situation, risk tolerance, market knowledge, and long-term goals. It's important to consult with financial advisors, real estate professionals, and possibly legal experts before making any significant investment decisions. Additionally, keep in mind that markets can change rapidly, and any investment involves risks.

ASCDO21

newbie

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I decided to raise the share of BTC in my portfolio to 40% without rebalancing, but simply buying more coins. 10% ETH 10% BNB

VFalcon

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You have a good portfolio, I also invest in ADA and ETH, but also found a promising token TFS, also shows good results

Bitcoin_people

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Since you have enough money to build a portfolio, you can save and invest that money. If you invest $500 dollars per month then surely you can earn good profit from it. Although the crypto market is currently in a bear market so you can invest in this situation but you will have a chance to profit in the future. If you buy any altcoins which may be risky in future by investing then never take such decision. Rather, you should buy coins that will give you good profit in the future. If you want, you can invest in good coins like BTC ETH BNB. I would recommend you to invest in these coins, because if you invest now, you will definitely get huge profit when there is a bull market.

danherbias07

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I'd suggest just buying more Bitcoin and don't waste energy looking for gems that are always a needle in a haystack. It's a waste of time, energy, and money. They mostly end up as either a scam or a failure.
Bitcoin, Ethereum, XRP. Pick one of them or pick one from your list and just accumulate more of them. If you see that you already made profits from them then why risk it with something new to add in your portfolio?
Old is good, they kept their promise and now we are reaping the rewards or could be reaping more if we wait a bit longer. Good luck on your investment.

cute nmp

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The best way to diversify your portfolio quickly in cryptocurrency is to engage in various staking programs and Ido launchpads, Though you must make very good research before investing in any. It is the fastest way to earn profits in cryptocurrency if done in the right way .

TheUltraElite

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So anyway, I applied as a merit source :)

You might be able to make some money but it might not be enough to cover the cost of your apartment though.

I would suggest a maximum of bitcoin then ETH and BNB which is enough. The rest of the altcoins, you could go with but not going to make significant upward changes in a short time at all.

Always give your maximum to bitcoin and you will realize that you are profiting more than the same amount in altcoins.

Mr. Magkaisa

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Quote from: ASCDO21 on August 08, 2023, 01:24:37 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.

- Good thing you are planning to do with investing monthly in Bitcoin or cryptocurrency. Then my advice to you is that if you want to make sure your majority buy Bitcoin secondary only altcoins. And of course you should also do some research on other crypto mates.

I also think that you will be even richer with such a method to do, I hope that everything you buy will be fine for the long-term. Good luck

Wahyuihib

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Artemis

it looks like your choice for now is the right thing. I think maybe you are just waiting for the right moment to make a purchase, for example, just waiting for the price to drop as possible.

kamvreto

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Quote from: Rengga Jati on August 10, 2023, 06:11:23 PM

Quote from: ASCDO21 on August 08, 2023, 01:24:37 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.

The assets you have right now are top coins, and this is a good investment. I'm sure you already have enough experience in cryptocurrencies, so you don't need to get into new altcoins or those that are usually just hype.
Investing in crypto is also a high-risk thing, and from what you've talked about, at least the dictionary already understands the bear market and some of the benefits if you can optimize this bearish era. If you want to invest $ 500 every month, in my opinion, it's not necessarily for a new coin. The diversification of the coins you have is good enough. Maybe you just need to increase the accumulated amount of each coin and add more to BTC. Of course, each choice will have its own pluses and minuses. But at least it won't be as risky as when you invest in hype new coins.

The new coin hype will only provide a new higher risk compared to the top coins that are already trusted. Having $500 every month is quite a large amount in my opinion, it can be a good investment by choosing a top coin like BTC which will be a must coin with a larger amount. other coin diversification maybe spread on the top altcoins under Bitcoin like Ethereum or use a little fund maybe 1% for new hype coins, Try to catch the knife and maybe get lucky.

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