Topic: Earn an apartment in a bear market - page 5. (Read 894 times)
There's no denying that your objective is commendable and feasible, though it's uncertain when you'll attain the $1.30K target. To be completely frank, you're currently a significant distance away from the established goal, and with an investment of only $500 per month, it will take a considerable amount of time unless your alternative cryptocurrencies excel during the upcoming bullish market phase. I strongly suggest considering an increase to $1000 per month if your financial situation allows for it. However, I also believe that the cost of the apartment will rise over time as you accumulate the full amount for the purchase, so please consider this as well.
this is quite ambitious plan you've got there, should also account for the fact that there are possibilities that the capital you've built over the time might just vanish into thin air when there is some massive collapse that might going on, you are already on your right path of diversification, though diversification itself rather controversial i remembered warren buffet quote about diversification is for the clueless, he might holds a point though.
but making it to your target i assume would be difficult ones.
my rough guess is that in the next bullrun most of the coin just gonna increase about 3 times if not 5 times and that only very few of them, the only way you can achieve that is by also saving up some money to increase your initial capital as you've already done it seems.
but making it to your target i assume would be difficult ones.
my rough guess is that in the next bullrun most of the coin just gonna increase about 3 times if not 5 times and that only very few of them, the only way you can achieve that is by also saving up some money to increase your initial capital as you've already done it seems.
There is no doubt that Bitcoin should be the one that should occupy the biggest part of the portfolio but if you are willing to take a risk to have a larger profit then I would suggest to invest more on an altcoin that is promising and never had been pumped hard. The one that has lower price value and at the same time not too huge number of circulating token because in a sense of being all cryptocurrency going bullish those promising projects that have lower market cap or prone to increase more than those established cryptocurrency.
But of course you can always go the safest route and stay on the proven altcoins and Bitcoins.
But of course you can always go the safest route and stay on the proven altcoins and Bitcoins.
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.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.
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.
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.
Setting a goal at first will certainly motivate you to do your best whatever endeavor you want to succeed. And with your plan to invest, I suggest to diversify your investments first and put a bigger allocation for bitcoin and take minimal capital for other crypto coins. Bitcoin is the most profitable asset in crypto so it deserves higher funds than any other investment. However, my question is, is that $500 you decide to invest will be an amount that you can easily afford to lose? If not, try to lower your investment capital and just increase your position when your investment has started to bring profits in you. 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.
Investing in cryptocurrency to buy an apartment during a market slump is admirable. Given your portfolio and $500 monthly investment, consider:
Although good, I would diversify your assets beyond BTC, ETH, XRP, SOL, DOT, XLM, and ADA. Gold is a cryptocurrency worth considering, despite not being digital. Diversification is useful or not. Hard to say.
Next, turbulent markets make profit fixing difficult. Some set stop-loss orders 10% above the current price, others 20% below; the figures can alter. Unreasonable percentages may add to your plan in an unclear way.
Despite contradiction, keep an eye on the market but dont overdo it. Some suggest to buy when the market is down, others when its up. Maybe buy when its time, maybe not.
While patience is vital, dont wait too long.
Although good, I would diversify your assets beyond BTC, ETH, XRP, SOL, DOT, XLM, and ADA. Gold is a cryptocurrency worth considering, despite not being digital. Diversification is useful or not. Hard to say.
Next, turbulent markets make profit fixing difficult. Some set stop-loss orders 10% above the current price, others 20% below; the figures can alter. Unreasonable percentages may add to your plan in an unclear way.
Despite contradiction, keep an eye on the market but dont overdo it. Some suggest to buy when the market is down, others when its up. Maybe buy when its time, maybe not.
While patience is vital, dont wait too long.
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 guess you don't need financial advises already, you have set your goal and stick to it. And it seems that you have set a good portfolio already, maybe except for XLM, the rest are good crypto's in my opinion.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.
So the next best thing is to execute it perfectly every month, step aside $500 of yours and so be it. Just make sure though that you have it in a hardware wallet as this is huge money that you are investing so you have to protect your assets.
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.
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.
There's no fixed profit, the only thing you can make fixed profit in cryptocurrency is you buy a stable coin and stake it to earn like 5-20% APY. Since it's a stable coin where the price always stick with $1, you can calculate the profit as long as you're not get scammed.
How long you will invest in cryptocurrency to buy an apartment? right now the cost is $130,000, but in the next year maybe the price will increase to $150,000.
The growth in the value of real estate is not very problematic, the main goal is to get as close as possible to its purchase. If I'm lucky and I manage to get $60,000, I'll be happy How long you will invest in cryptocurrency to buy an apartment? right now the cost is $130,000, but in the next year maybe the price will increase to $150,000.
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 guess you don't need financial advises already, you have set your goal and stick to it. And it seems that you have set a good portfolio already, maybe except for XLM, the rest are good crypto's in my opinion.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.
So the next best thing is to execute it perfectly every month, step aside $500 of yours and so be it. Just make sure though that you have it in a hardware wallet as this is huge money that you are investing so you have to protect your assets.
Thanks for the comments. In fact, I am familiar with crypto in 2017 when I was a student with no money. At that time I received good bounties for a $8000 Datum coin, but due to greed I did not sell it and it began to cost about $0 =)))
Now I am more confident on my feet financially and ready for the fact that the only simple income is accumulation during the bearish cycle and profit taking during the hype. I understand that there is no fixed income other than the contribution, but I am considering a more investment attractiveness of the project. As for profit taking, there are many different strategies, but I can’t determine which one is more correct. Also, I have no problem waiting for growth, I can wait a year, two, three for a bull run.
I also understand that it is very difficult to get x22 in one cycle, but if I can get at least x10, that would be great!
Now I am more confident on my feet financially and ready for the fact that the only simple income is accumulation during the bearish cycle and profit taking during the hype. I understand that there is no fixed income other than the contribution, but I am considering a more investment attractiveness of the project. As for profit taking, there are many different strategies, but I can’t determine which one is more correct. Also, I have no problem waiting for growth, I can wait a year, two, three for a bull run.
I also understand that it is very difficult to get x22 in one cycle, but if I can get at least x10, that would be great!
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.
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.
100% your capital to Bitcoin and forget about shitcoin if you want to hit your target profit safely. Bitcoin outperforms all altcoin in the market in overall price growth while the Bitcoin halving is already next year which potentially will give a price boost to the price of your investment.
Investing on shitcoin might hurt your investment incase some of them face a major serback due to failed development and lawsuit from SEC. Bitcoin is proven a safe investment on crypto space. Forget about volatile assets like Shitcoin and focus to a solid long term investment for your dream apartment.
You can't just assume that you will buy an apartment with that investment profits, it's a matter of swimming in the ocean without actually knowing how to swim. Simply put there is no fixed return on investment and not all of your holdings of coins may give you a profits. There are many coins that are unable to increase in price even after entering a bull market.
That's an interesting plan, but most likely it will take years unless you will be extremely lucky. Tbh, I would throw out a few altcoins and invest mostly in Bitcoin, but that's just my opinion and I might be wrong.
There's no fixed profit, the only thing you can make fixed profit in cryptocurrency is you buy a stable coin and stake it to earn like 5-20% APY. Since it's a stable coin where the price always stick with $1, you can calculate the profit as long as you're not get scammed.
How long you will invest in cryptocurrency to buy an apartment? right now the cost is $130,000, but in the next year maybe the price will increase to $150,000.
How long you will invest in cryptocurrency to buy an apartment? right now the cost is $130,000, but in the next year maybe the price will increase to $150,000.
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.
None.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 not advice anything to you anymore.
It seems like you know what's the quickest, and most safest way to earn in cryptocurrency already which is to buy those top coins in terms of market cap, and hold it for quite some time. You are also doing DCA with a huge amount on a monthly basis. You've also said that the markets have fallen, and yes it really is. This year is the accumulation phase where investors are slowly accumulating coins in preparation for the bull run.
Ohhh wait. Best way to fix profits you asked? Same as what you are doing with buying. Do DCA in selling as well. Set targets where you will sell a portion of your holdings if it reaches that price. For me, my target selling price for Bitcoin is I think $75,000, $90,000, $100,000, and I might keep some Bitcoins if it goes higher even more. You still have a long way to go just by looking at your target, and the amount of money you invested already, but just trust the process, and continue DCA. Just focus on top coins as well, and don't forget to sell when you're confident with the profits already. Good luck OP.
Is it risk-free to buy BTC and ETH?
Bitcoin needs more introduction or much talk.
Investing in these two cryptocurrencies guarantees the least losses and a good percentage of profits. It may not be the highest profits, but good profits with reasonable losses compared to other cryptocurrencies.
Paypal launches an Ethereum-based Stablecoin!
Is it risk-free to buy BTC and ETH?
It's not a risk-free to buy BTC and ETH. in fact, if doesn't even matter what kind of coin it is but the risk will always there. BTC and ETH are also volatile. The risk to lose your money is always there once bitcoin and ethereum go down to the below price that you have bought it. There's no risk-free investment in the crypto. The major crypto may also make you lose a lot of your money too.
Im feeling skeptical with your method. It seemed to me if you will not able to get an apartment even when bullish market gonna come. You need to take the more risk by picking low marketcap coin.
The less marketcap owned by the token and the more chance to growth as it will generate you more money compared with the coin that has owned very big market capitalization.
This is the key when you are willing to get your apartment in the future.
I am very skeptical that in this portfolio there is a chance for a x22!
I have many doubts also in medium term (10 years) if there is only one of these coins capable of making a rise like this...
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I have many doubts also in medium term (10 years) if there is only one of these coins capable of making a rise like this...
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I have a similar opinion to you on this. Maybe, if he can afford to hold these coins for two bull cycles, this list could lead him to his goal. Also, if I were him, I would change my list to a short list of more solid coins like BTC, ETH and ADA. XRP, SOL and XLM look like fading stars. I think it is possible to make a lot of money with a solid portfolio without taking any risks, but it takes real patience. I hope everyone stays in solid cryptocurrencies and shows the necessary patience. I wish everyone good luck...
Is it risk-free to buy BTC and ETH?
I'll buy more only two, ETH and BTC.
With that, I don't have to be problematic what to choose because they will for sure going to be the starters of the bull run. And if the bull run has been there, I'm totally safe because they'll for sure going to be up. The others could also be part of the bull run but I'll choose what I wanna choose if I have that goal of buying an apartment for the next bull run. Having $500/mo. budget to DCA is a huge amount to consider that you'll start with but it's up to you if you want to diversify a lot of it.
With that, I don't have to be problematic what to choose because they will for sure going to be the starters of the bull run. And if the bull run has been there, I'm totally safe because they'll for sure going to be up. The others could also be part of the bull run but I'll choose what I wanna choose if I have that goal of buying an apartment for the next bull run. Having $500/mo. budget to DCA is a huge amount to consider that you'll start with but it's up to you if you want to diversify a lot of it.
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