Topic: First time investor, $6k buget, did I choose the right coins? (Read 609 times)

i did invest +- 5k dollar in crypto .
i should choose for Prl , digibyte , elixir , deeponion and a low amount of siacoin

i should not buy 1 amount of a coin . if you want to make a huge profit you must buy a huge amount.
if you choose a low marketcap the profit x that you can make if higher

In my opinion, it is better to make your own research and trust your guts.

Monero is a safe choice.

The most of the privacy coins are undervalued right now.

The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.

I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.

They are on Pre-ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058

This is brilliant idea. Those coins are good coins and has the potential for your long term 2-4 years of investments. But if i were to choose among this coins, better have priority in Litecoin and Bitcoin. Although that coins are all good, but the more potential in this Bitcoin and Litecoin. Good luck pal!

No Bitcoin? I think you need a 10% of your asset in Bitcoin because it the main currency of all exchange so in you wants to buy or catch some altcoin in the dip, will you sell your other altcoin asset to cover it? Make no sense.

i suggest you drop DASH,MONERO as you only have one of each and this won't get you profit , you could invest in some low marketcap <500m but also good ones that have a potential to hit 5-10x

I second that, Privacy coins are good, but Ark has more use cases. OP should also look into decentralized super computing (RLC, GNT, XEL, SONM, etc..) i think the next 5 years for this sector

Your logic doesn't make sense, you say you want to triple your initial investment.  That means that Bitcoin has to rise 200% for you to triple it and not 1000% like you state above.  Your 0.2 btc will always be 0.2 btc, that's for sure, but let's say you buy into btc at 8k (and as it didn't break the 12k-ish resistance point a few days ago, it will most likely be heading towards the 8.8k cap again in the coming days) that means that bitcoin has to go to 24k for you to have tripled your 2k to 6k.

On the other hand, if bitcoin goes to 24k, the whole market will be up enormously, and percentage wise  some altcoins by a lot more than bitcoin, you just have to pick the right ones .  If bitcoin keeps messing arround between 8 and 12k, don't expect miracles from the rest of the market neither, for now it is still linked quite a lot to the price of bitcoin.  Something i do expect to change in the future when their will be more places where you can get altcoins for fiat.

PS, i like your portfolio, a little heavy on the privacy coins perhaps.

It seems a good diversified portfolio but I'm not confident with your telcoin, ripple and cardano. I will sell that and buy a bitcoin as this is a good asset considering that bitcoin goes down for today it is a good chance to buy it at cheaper price. 

Honestly not bad choices. Everyone is going to have something bad to say about some since your choices are polorizing however I think that gives you more balance which is good.

Take away the Ripple, find a replacement for dash this coin this year in a small stagnation and dilute with coins less than a dollar and everything will be fine. A list of pretty good look in a year that will really be the best.

You should consider PRL, MAN both are the most undervalued & very high potential coins in my opinion right now.

Your choice is conservative, seems like you are careful with your investment.
Crypto is dynamic so I don't think it is a good idea to invest and forget for 2 to 4 years.
You need to adjust once in a while in case things go wrong
I like XMR, DASH, LTC, PIVX, the other ones are not my favs.
You may need to consider BTS, BTG, STEEM, DCR & GOLOS as well

I think your choices are best but if you need make more money you can buy more Ripple and Neo. I think Ripple and Neo can be valued in long term. Neo will be much more valuable when it is made a decentralized exchange.

ETH is the most consistent one from the chosen coins... I'd look into investing everything just in ETH. You can divide 3-4 ETH between strong ICO projects though, if you can pass KYC.

I think that you did everything right and chose the right coins. Because your budget allows you to make the right choice. I wish you luck in your earnings and fewer bad deals

I am not sure about telcoin, a price is really high. Never heard about PIVX, but looks promising, anonymous protocols are growing in popularity, hope it will repeat sucess of Monero. As for rest of portfolio it is quite good basket. Add something like AR/VR company.

It is realistic. But it's still not something that is guaranteed.

Most of these coins have proven to us that they can indeed triple in value in even one month, so if the markets just go bullish within any time of the next 3 years then your dream of making 3x off your investment isn't going to be a dream.

I see that you're focusing too much on established coins, though. Which is good, since they are safe. But for you I think you should still diversify into smaller projects or ICOs so that your profits can be brought up as well. Also consider reducing the number of coins you're holding since the tx fees can make it hard to manage efficiently.

I think you have a nice portfolio here. Somewhat conservative, but I believe that is the right move if you are just starting out.
Maybe it's a nice idea to roam of some of the profits you'll make and use that to play with more speculative coins?

as shown by practice, for diversification of the portfolio it is better to hold 50% in bitcoin, 25% in coins from TOP, 25% in perspective coins with low capitalization up to 200 million (for example: Fuel, Aion, Waves, Strat ...)

For cardano and ripple you need to becarefull especially ripple. Because ripple has been goes very high and also cardano. Ripple also have very much coin in circullation and coin issued it will make ripple hard to goes above $3 again. And we are looked like market in 2014 which was bearish for next 2 years. Dont go all in. Buying all coin gradually.

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.

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.

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.

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.

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..

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.

Would go for:

PRL
JNT
FSN
MAN
CPChain

are going to be the next stars =)

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

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.

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.

No, you didn't pick eBTC.

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

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.

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?

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

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.

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.

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.

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

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.

It's really good portfolio.

Maybe you should consider ICX and VEN..

The investment you make is pretty good. The coins you choose are nice. But I would prefer such an investment.

$ 2000 neo
$ 1000 bitcoin
$ 1000 ethereum
$ 500 salt
$ 500 ripio
$ 500 get
$ 500 decred.

In my humble opinion I would change PIVX for Verge (XVG) because it has the better stealth technology. I agree with Ethereum, Litecoin and Dash. Don't know much about the other alts you invested in and hope you have investigated carefully before investing that much money. All the best!

Good coins but you should buy more neo. Dash and monero are unnecessery. You can buy better coins instead of these 2 coin.
You can earn bigger profits with Elixir, steemdollars and idex membership tokens

Nice! You had my portfolio too except Dash and PIVX.. But for me Telcoin is the underdog there and it will pump very soon.. I'm long hold for that coz they have great project ahead along with that Neo Ltc,Eth, Cardano is my top pick however I have bitcoin to stay in my wallet

You portfolio looks rather conservative. It is good choice if you are new player on this market 
Pay attention on Ethereum Classic / Stratis.

only you can decide what is right for you - I like your top order - its very sensible IMO. but if it were me I would ditch the ripple, reconsider all of the 4 bottom coins and then re-consider:

No.1 Power Ledger - kicking goals & signing strategic contracts in markets all over the globe + plus its based on renewable energy so good for abating climate change... and in my mind already worth about 140% more than its current price once we get past the dip recovery phase.

No.2 AGI - because 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!

No.3 BPT aka Blockport for what's missing in the current mess of exchanges i.e. a universally friendly interface to access virtually any coin and many exchanges I want without needing a degree in IT or accounting - oh & its up 172% this week so far according to my delta crypto app which is kind of nice!


I also like and invest in 4.ETH 5.EOS 6.SC 7.LSK 8.ADA Cardano 9.QSP 10.FUN 11.BCN 12.ENG 13.DENT 14.WTC 15.ICX 16.ZRX & 17.NXS

Your portfolio is very interesting and your choice is correct, maybe you can enlarge the allocation for ETH, LTC and NEO. But I am confused why you are not holding BTC.

I think you should prl on the choice. Or maybe ocn game.com, it is trx supported.

Get rid of riple cardano and dash since they are already overpriced,i would just keep ethereum litecoin and monero for long period as they have a great future ahead and real world use

Nice portfolio, I love it even if I don't have any similar coins in mine. Maybe add more Neo in the future if you can.

I can recommend you Shift and PRL too. PRL before the airdrop and mainnet release for example (the best is now).

You will triple your account value at the end of this year in my opinion!

Good luck 

Skip Dash, change for Decred - read about the past of Dash and stay away.

Also change Ripple for Nano.

I can't say about Telcoin but the rest of your portfolio it's fine.

Oh wow nice . first time and start with 6k pretty good
spend all those in top top 20 coin in coinmarketcap not bad idea .
keep update with market price . get profit enough and buy again at a good price .
keep read all of those ANN so you can analyze when the good price to sell .

Sell everything in to bitcoin on the next dip, than get back in to your alt positions once bitcoin cools off for a few days. Bitcoin will slaughter alts for a while, its bitcoins time to shine...Just the way it is....Ive been doing this for years. Don't listen to the noobs.

Thanks a bunch for the initial feedback guys! Both PRL and ETHMeta have peaked my interest:) i am considering dropping something. Maybe dash or monero..i am kind of putting all my eggs in very few baskets by investing in just one unit of these coins - im basically hoping they will increase in value by x10 or more.

I don't think i'll drop ETH, its probably the safest bet to at least double in value over the next 16 months. I base that on absolutely nothing  but its a very strong coin.

PRL! buy some before the Airdrop snapshot on April 6th!

you may add GVT or LINK instead of Ripple

$6000 is a good amount to start with.
In my opinion, it is better to make your own research and trust your guts.

The most of the privacy coins are undervalued right now.

The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.

I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.

They are on Pre-ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058

7 of your coins are in the top 20 so they will probably follow the overall market trends unless something weird happens to them. This is like investing in a market index in stock markets so you should be safe, some might even outperform the market(NEO for example).

About Telcoin and PIVX no idea. They could make you a lot of money or fail. These 2 are a little over 15% of your portfolio. You could rebalance next year depending on how they perform.

@zanetti_ro. Let go of Ethereum, Litecoin, Dash, Telcoin and PIVX. That leaves you holding Monero, Ripple and NEO, which I reckon, is a good selection.

Also, instead of Ethereum, why not hold Ethereum Classic, and instead of Dash, hold Zcash. Aeon is also a good small cap coin to have in your portfolio. I reckon they might have a better implementation than Monero as it is trying to avoid Monero's developmental mistakes.

Honestly think you will do and may be before you think 2 months 
ADA . LTC . NEO  ETH are the best IMO

XRP ripple dont like it sorry

Telcoin hmmm outsider i will have gone more with  PRL or  COSS or NIO or  INS

good luck to all

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.