First time investor, $6k buget, did I choose the right coins? - page 2.

linkybit

full member

Activity: 560

Merit: 107

Keep Working

Quote from: zanetti_ro on February 19, 2018, 07:10:01 PM

First of all I want to say that browsing through this forum has been extremely helpful for me - somebody who knew next to nothing about cryptocurrencies before a few weeks ago. So many of you have been extremely insightful and I've tried to take in as much as I could! Also, rest assured that I've not chosen to invest my money based on where anyone else told me I should invest. The question I'm asking here is more or less strategic in nature, since there obviously aren't any guarantees in this sector.

So here it is, a bit over $6000 in savings, for the following coins:
2x Ethereum
1000x Cardano
3 x Litecoin
1 x Dash
1 x Monero
500 x Ripple
4 x NEO
100000 x Telcoin
100 x PIVX

My goal/expectation, aside from not losing all my money, is to triple my initial investment over the long term 2-4 years. What do you guys think, realistic? I tried to mix in some high ranked coins with a couple of well-regarded promising ones.

If things go fine you can triple it in 2-3 years. Your list looks good, however you can add STRAT and XMR to the list, both are good for 2-3 years investment.

vit05

hero member

Activity: 672

Merit: 526

Quote from: zanetti_ro on February 19, 2018, 07:10:01 PM

First of all I want to say that browsing through this forum has been extremely helpful for me - somebody who knew next to nothing about cryptocurrencies before a few weeks ago. So many of you have been extremely insightful and I've tried to take in as much as I could! Also, rest assured that I've not chosen to invest my money based on where anyone else told me I should invest. The question I'm asking here is more or less strategic in nature, since there obviously aren't any guarantees in this sector.

So here it is, a bit over $6000 in savings, for the following coins:
2x Ethereum
1000x Cardano
3 x Litecoin
1 x Dash
1 x Monero
500 x Ripple
4 x NEO
100000 x Telcoin
100 x PIVX

My goal/expectation, aside from not losing all my money, is to triple my initial investment over the long term 2-4 years. What do you guys think, realistic? I tried to mix in some high ranked coins with a couple of well-regarded promising ones.

I have no idea about Telcoin. But all your other choices seem quite interesting. They are solid designs, with a very interesting roadmap that can take the price to heights. Mainly the Cardano and ETH.

duke7

newbie

Activity: 43

Merit: 0

Add: PRL, GVT, ICX/VEN

Also: research about ICOs and try to learn/do some of them.

It is also a good idea to hold some BTC. When you make profits, sell a small % and create a "reserve"/buffer of fiat (USD) and BTC. When there is a correction aka "a dip" in prices, this will be useful to buy more coins at a discount.

JCB44

full member

Activity: 462

Merit: 109

Decent portfolio, however i'd hold some percentage in Btc just in case when Btc goes up too quickly and alts tank.
This helps you to maintain USD value of portfolio.

zanetti_ro

newbie

Activity: 14

Merit: 0

Quote from: ngm- on February 20, 2018, 11:20:37 AM

Doing a portfolio now without having BTC in it is really dangerous.

If BTC rally up, you will be rekt .. I did the same mistake when I started, I bought ALT only, biggest mistake I have ever made in crypto.

You always should balance your portfolio with AT LEAST 30% of BTC in it.

Why though? If 30% of my portfolio is BTC, that would amount to just under $2,000. In turn, that amounts to 0.2 BTC. The only way those 0.2 BTC help me triple my initial investment, is if BTC itself grows by 1000%. Some expect it to go to $20,000 this year, others to $50,000, but most simply expected to surpass last year's record. So even if we're optimistic and say BTC will head into 2019 valued at $50,000, that lands me $10,000, and I've given up 30% of my investment for a huge "what if", a 500% increase in valuation that's only happened once in 2017 (part of the 1000% increase when it went from $2000 to nearly $20000 in 7 months). I'm not saying it can't happen, but even if it does, all those other highly ranked altcoins should go up as well.

Am I wrong? Should I really get BTC now when it's going up? If it was $8,000 like earlier this month, I would have definitely done it..

ngm-

member

Activity: 69

Merit: 10

Doing a portfolio now without having BTC in it is really dangerous.

If BTC rally up, you will be rekt .. I did the same mistake when I started, I bought ALT only, biggest mistake I have ever made in crypto.

You always should balance your portfolio with AT LEAST 30% of BTC in it.

lapacho1992

newbie

Activity: 11

Merit: 0

Would go for:

PRL
JNT
FSN
MAN
CPChain

are going to be the next stars =)

Crypto_4eva

newbie

Activity: 72

Merit: 0

Some awesome choice for coins. Hopefully next month see some moon!

pacifista

hero member

Activity: 812

Merit: 500

Quote from: zanetti_ro on February 19, 2018, 07:10:01 PM

First of all I want to say that browsing through this forum has been extremely helpful for me - somebody who knew next to nothing about cryptocurrencies before a few weeks ago. So many of you have been extremely insightful and I've tried to take in as much as I could! Also, rest assured that I've not chosen to invest my money based on where anyone else told me I should invest. The question I'm asking here is more or less strategic in nature, since there obviously aren't any guarantees in this sector.

So here it is, a bit over $6000 in savings, for the following coins:
2x Ethereum
1000x Cardano
3 x Litecoin
1 x Dash
1 x Monero
500 x Ripple
4 x NEO
100000 x Telcoin
100 x PIVX

My goal/expectation, aside from not losing all my money, is to triple my initial investment over the long term 2-4 years. What do you guys think, realistic? I tried to mix in some high ranked coins with a couple of well-regarded promising ones.

Youre on the right path dude, all your coins are worth buying and holding. Im also holding eth, ripple and telcoin these are my bets this 2018.

LEINADbtc

member

Activity: 240

Merit: 10

Too much first coins, but since it's your first time, then keep it. Good amount for a firsty!
I wouldn't get telcoin and pivx tho, but not bad at all.

Jon88

jr. member

Activity: 154

Merit: 2

No, you didn't pick eBTC.

https://bitcointalksearch.org/topic/ebitcoin-ebtc-price-speculation-2984001

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

with the $6k budget, I think you have many option coins to buy especially if you decide to buy cheap coins price so you can get a big amount for each of coins. but don't forget to buy and hold bitcoin because this is the most coins that will increase higher in anytime so you should buy bitcoin before the price increase high. and if you already have bitcoin, then maybe you can divide your money for another coin to buy and keep hold for at least 3 months and you will see how much the price later.

zanetti_ro

newbie

Activity: 14

Merit: 0

I appreciate all the feedback guys! I think I will move some things around, drop a couple of coins and maybe get more NEO, as some of you suggested. As for why I'm not holding any BTC, here's how I look at it: If your goal is to invest in coins that can go to the moon, it's more likely to happen if you hold at least one coin of something, rather than a small % of that coin. Even though BTC is the strongest coin, you would need it to grow to waaay more than $50,000 or so in order to get a solid return on investment if that investment is roughly $1,000 now, right? It would basically need to grow by 1000% just to turn your $1000 into $10000. So it makes more sense to me to own whole pieces of other promising coins, rather than very very small chunks of BTC, as long term investments. What are the odds BTC hits $100,000 before any of the other top 10 coinmarketcap altcoins goes to the moon?

kulakvlad

member

Activity: 294

Merit: 10

A good portfolio to start. Over time, replace part of the coins with others. Good luck!

Nikosgalis1957

full member

Activity: 196

Merit: 100

CHIEF GROWTH OFFICER OF GLOBAL ENTERPRENEUR

I think you should remove Dash and add Ark instead since you already have Monero in your portfolio for anon crypto otherwise your portfolio is quite good. Also I didnt see Bitcoin in your list so I wonder if you are investing in Bitcoin or not since you should hodl at least 50% of your crypto investment in Bitcoin for long-term. Personnally, I suggest you to remove PIVX too since it is like Dash fork.

sweerty1

sr. member

Activity: 453

Merit: 251

Presale Starting May 1st

Your portfolio looks pretty much like mine. I think you should keep up with updates and change coin rates in your wallet according to future expectations. I am also going to suggest you to add more monero, weird to see its not popular anymore.

sehoon

full member

Activity: 840

Merit: 101

Your coins are mostly in the top list so I don't think you're gonna have any problems with money in the future. You just need to be careful when it comes to transactions to keep your earnings safe. If I am going to add something or change, probably I'll put waves and stratis on the list.

gin113

member

Activity: 140

Merit: 14

ok coins, wouldnt go for dash or telcoin though, take a look at neblio, icon, elixir, startis or nano

mx667

full member

Activity: 294

Merit: 114

Quote from: JayFKay on February 20, 2018, 01:20:33 AM

1) Owning a share of your future robot overlords makes perfect sense - 2) its on less popular harder to access exchanges right now so - when it hits bigger exchanges you can bet a big chunk of the $300 million dollars worth of people who missed out at ICO will be champing at the bit to grab lots at last! 3) Decentralizing Artificial Intelligence so that no one individual company or person owns or controls self-replicating & rapidly self-improving artificial intelligence is potentially essential to safeguard the human race into the future (you've seen terminator right?) So yeah the experts are saying AI is coming fast and will potentially become thousands or millions of times smarter than a room full of University professors very quickly - we don't want that power in the hands of one corporation or one owner - so decentralising that power to a global community is the ONLY way to go!

I think $6k is enough for me to get right because I live in a third-world country. If you talk about crypto investment, then I will choose Bitcoin rather than some new Altcoins. Why I choose Bitcoin ? That is because Bitcoin is the most certain and trusted crypto in the world. Even though we all know that the crypto investment is risky, but I think I can invest it in some other coins like Ethereum, Ripple, Waves, Zcash, Dash, Litecoin and some other popular crypto. I need certainty first, not the amount of profit that I can get. But for people like me, that amount of money is enough to choose Bitcoin only.

Pedale89

newbie

Activity: 17

Merit: 0

It's really good portfolio.

Maybe you should consider ICX and VEN.. Wink

Topic: First time investor, $6k buget, did I choose the right coins? - page 2. (Read 624 times)