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Topic: How would you spend 10000 cad on cryptocurrency today? (Read 357 times)

hero member
Activity: 670
Merit: 512
Every other coins tend to make claims to be the next ETH killer, like BNB Grin
Whenever there is a trending coin, People like to talk that"This coin is Ethereum killer". Now people talking about Solana(sol) that is a pure Ethereum killer. But I Dont believe Solona can do it. There is a lot of smart contracts/blockchain available nowadays but no one can able to bet on Etheruem. Sill most of the coins made by using Ethereum smart contracts and it's a good sign. Ethereum smart contracts are very popular and people also like them. The problem is about the high fees, But I hope this problem will be solved. Maybe Ethereum developers need more time for this to do.
member
Activity: 104
Merit: 10
Ii currently have 10000 extra dollars sitting in my bank account that i am going to invest in cryptocurrency. I would like to gather opinions on how you guys would invest this type of money today in the crypto market.

You can get the help you seek for from this forum, that is a promise.
But in addition to that, personal research and grounded or basis
knowledge about cryptocurrency will be of immense benefit and
help to you.
hero member
Activity: 1988
Merit: 527
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Are you also talking that Dot will bet Ethereum? Really? Personally, I don't believe any coin can able to bet Etehreum. It's the queen in the crypto industry. No one coin can bet on Ethereum sooner or later. Instead of taking the bet, it would be good to make an investment in Ethereum. For the long run ethereum will easily hit $10k.

Every other coins tend to make claims to be the next ETH killer, like BNB Grin
full member
Activity: 616
Merit: 161
It seems there is no right answer to this, a strictly personal preference. This is how I do it, 80% goes towards ETH with the potential to sell and buy more, 18% goes toward a long term 'don't touch' BTC investment, and the rest gets divided between some smaller ALTs (like something regarding gaming) just to see what happens and not expecting anything of it.
sr. member
Activity: 966
Merit: 359
I am very sure to invest 80% of Bitcoin, and another 20% to invest in DOT. The pattern of DOT may be larger than Ethereum. I support DOT very much, and I have been buying dot.
In other words you are a shitcoin bag-holder who is telling others to buy the same useless garbage hoping its price goes up as others "make the bet". The reality is that bag-holding shitcoins has never been profitable ever, even the most popular shitcoins like ETH. They always lose value over the long haul. If you want to make any profit from a shitcoin you first have to learn how to trade into a pump and dump and accept the huge risk that comes with getting involved in market manipulation.

80% in bitcoin and 20% in Polkadot is still very tolerable but if 100% in Polkadot of course it's suicide imo  Cheesy
hero member
Activity: 868
Merit: 5808
not your keys, not your coins!
So that's my question, i currently have 10000 extra dollars sitting in my bank account that i am going to invest in cryptocurrency. I would like to gather opinions on how you guys would invest this type of money today in the crypto market. I probably will just invest it all in bitcoin but i am still open to other choices in alt coins as well. I know a bit about cryptocurrency  since i got involved with it in 2017 but i don't follow everything about it everyday. I am more of a hodler a set and forget for the long term type of guy. so what do you guys think? i am curious thanks

I would suggest to diversify your investments by investing into BTC and to some altcoins BUT majority of your investment should be allocated to BTCs.
The issue is that you can't diversify by getting shitcoins, as explained by CryptopreneurBrainboss one message above yours:

Buying different altcoins isn't diversifying, instead just mere gambling as diversifying is to be as done with assets that aren't correlated but that can't be said about altcoins.

They all tend to move in the same direction and this is mostly influence by Bitcoin, which is why it's recommended to invest in Bitcoin instead of wasting your capital and time chasing after Alts that most likely won't be around in the next 5-20 years timeframe.

Sometimes I'm wondering if people even read other replies and think about those before reiterating a bad advice for the nth time.

You can diversify, sure: get some gold, some Bitcoin, some stocks. Get stuff that is independent from each other, otherwise it doesn't work.
legendary
Activity: 3402
Merit: 10424
I am very sure to invest 80% of Bitcoin, and another 20% to invest in DOT. The pattern of DOT may be larger than Ethereum. I support DOT very much, and I have been buying dot.
In other words you are a shitcoin bag-holder who is telling others to buy the same useless garbage hoping its price goes up as others "make the bet". The reality is that bag-holding shitcoins has never been profitable ever, even the most popular shitcoins like ETH. They always lose value over the long haul. If you want to make any profit from a shitcoin you first have to learn how to trade into a pump and dump and accept the huge risk that comes with getting involved in market manipulation.
member
Activity: 93
Merit: 23
What you worry about will control you
I am very sure to invest 80% of Bitcoin, and another 20% to invest in DOT. The pattern of DOT may be larger than Ethereum. I support DOT very much, and I have been buying dot.
hero member
Activity: 2198
Merit: 782
So that's my question, i currently have 10000 extra dollars sitting in my bank account that i am going to invest in cryptocurrency. I would like to gather opinions on how you guys would invest this type of money today in the crypto market. I probably will just invest it all in bitcoin but i am still open to other choices in alt coins as well. I know a bit about cryptocurrency  since i got involved with it in 2017 but i don't follow everything about it everyday. I am more of a hodler a set and forget for the long term type of guy. so what do you guys think? i am curious thanks

I would suggest to diversify your investments by investing into BTC and to some altcoins BUT majority of your investment should be allocated to BTCs.

For example, I would invest 70-80% of those CADs to BTC while the remaining would be allocated to some altcoins in the market. The reason behind this decision is due to the potential of the price of BTC skyrocketing in the future especially after the fork 3-4 years from now. In addition, ETH and XRP have shown to have some big potential on their price which is highly recommended also for long term investment.
legendary
Activity: 2184
Merit: 4113
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The rest will be splited among coins like BNB, Doge coin I think this are my alt-coins to invest in if am to start.

Dogecoin, not minding the return of investment it has given to speculators that held unto the coin is one of the worst investment advice currently as dogecoin tends to go through a pump and dump circle. It has already pump and what should follow is a dump.

Same goes for all of the altcoins been listed in this thread. If you observe carefully, they all lose value in satoshi over time which means it should had be best to just buy Bitcoin and hold. Buying different altcoins isn't diversifying, instead just mere gambling as diversifying is to be as done with assets that aren't correlated but that can't be said about altcoins.

They all tend to move in the same direction and this is mostly influence by Bitcoin, which is why it's recommended to invest in Bitcoin instead of wasting your capital and time chasing after Alts that most likely won't be around in the next 5-20 years timeframe.
hero member
Activity: 868
Merit: 5808
not your keys, not your coins!
This is the correct answer.
100% in Bitcoin. The other thing would be to play roulette. If you like the thrill of playing roulette, I would invest 90% Bitcoin and 10% shitcoins.

Instead, all of these are basically: investing a part of your money and throwing the rest into a casino - which I don't think is what OP is looking for, even though some people seem to have fun throwing money down the toilet hoping that more will come out of it. The hopium is a powerful drug!
My opinion, go for a 50-50 investment. 50% for bitcoin and 50% for altcoins.
Out of 10,000 USD (or CAD), I will invest 70% in BTC, 20% in alt coins while 10% goes to crypto gambling (I know I will lose though).
+50 percent will go on ethereum
+ 25 percent will go on cardano
 The rest will be splited among coins like BNB, Doge coin I think this are my alt-coins to invest in if am to start.
Investment in some shitcoin is gambling but in a good project, it's not gambling. If you know what you are doing then it's good. My most of the bag is now full with Altcoins, I am already in good profit also. When Bitcoin will hit $100k, Some coins will give you 2x-5x or more. So why still believe in altcoins and holding...
Buy Bitcoin with 30% of the money, Buy Ethereum with 20%, and the rest of them use to buy for altcoins. I suggest you buy some trending coins right now.

etc. etc.
hero member
Activity: 2856
Merit: 570
Leading Crypto Sports Betting & Casino Platform
If you're all in and good putting that in bitcoin, there's no need to think of it. What you only have to think is about if you're fine to put that all of it while you're having no savings afterward.

10% goes to crypto gambling (I know I will lose though).
A thousand to gamble, I think that he's good to put that in bitcoin first before he gambles but sometimes, there really are those ideas that might be lucky and liked by the owner himself.

member
Activity: 175
Merit: 10
ITSMYNE
My opinion, go for a 50-50 investment. 50% for bitcoin and 50% for altcoins. if you are to invest in altcoin. go for smart contract coins like solana, ethereum, avalanche, fantom. i think the days of Defi are gone so stay away from defi. you can try your luck on NFTs but to be honest, you might hit a jackpot or loose out. you can also try old projects that have advanced in their development. stay away from new and developing projects.
legendary
Activity: 3500
Merit: 6205
Farewell LEO, you *will* be missed.
Out of 10,000 USD (or CAD), I will invest 70% in BTC, 20% in alt coins while 10% goes to crypto gambling (I know I will lose though).

LOL, interesting choice! I would gamble only after my investment is on good profit, but that's me.
(Although right now my expenses don't allow me invest as much as I'd like, so gambling is for now out of question.)
full member
Activity: 1204
Merit: 110
so what do you guys think? i am curious thanks

Although many are telling that altcoin season is ongoing or about to start, my long time experience taught me that bitcoin, on really long run, is usually more profitable for holding.
So my advice is 100% bitcoin.

However, please make your own decision and invest (or not) when and where you think it's best for you, don't just follow advises from people over the internet.

Alt coins run only when BTC runs in green and vice versa, my 4 years experience in crypto say so. Till date, alt coins failed to stand on there own feet rather they are on BTC shoulders.
Out of 10,000 USD (or CAD), I will invest 70% in BTC, 20% in alt coins while 10% goes to crypto gambling (I know I will lose though).
DYOR, before you invest in any coin. Nobody will share your profit or lose.
hero member
Activity: 1498
Merit: 702
1000 canadian dollar is over 324,000 naira, a good amount for a long term crypto-currency investment in my thinking, as it may for now I would for ever be a bitcoin-er but if that amount was just in my bank, which gives me no profits and I already have invested in Bitcoin, I will portion the investment like this
+50 percent will go on ethereum
+ 25 percent will go on cardano
 The rest will be splited among coins like BNB, Doge coin I think this are my alt-coins to invest in if am to start.
hero member
Activity: 670
Merit: 512
The higher the risk the higher the profit they say, since OP is willing to take the risk why not let him? Altcoins have higher returns than bitcoin and also not all altcoins are gambling, you can't be filling your bag with BnB, solana, avalanche, polkadot and be feeling like you are gambling away your money, altcoins are of different levels and OP just need to choose the good ones
Exactly that's it. High risk, high reward. Investment in altcoin is not gambling at all. If you know how to manage risk then you are safe in altcoin investment. You mentioned some top-rank altcoin, and those coins showing good results nowadays. For the long time investment, those coins are good there is no doubt.

I also want to add Cardano, UNI, SXP to this list. I am buying those coins right now at this Dep price.
Will hold for minimum 2x
hero member
Activity: 1988
Merit: 527
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Yes, I also know Bitcoin is the safest investment in the crypto industry. But OP showing his interest in the Altcoins also. Currently, Bitcoin's price is $50,000, So if Op buys bitcoin now and it hit $1,00,000 the profit will be 100%. But in Altcoins it's possible to gain 500% or more. SO why did my suggestion for the altcoin and I mentioned most of the trending coins? Investment in some shitcoin is gambling but in a good project, it's not gambling. If you know what you are doing then it's good. My most of the bag is now full with Altcoins, I am already in good profit also. When Bitcoin will hit $100k, Some coins will give you 2x-5x or more. So why still believe in altcoins and holding...



Just like SOL. That thing shot up like crazy within a few days...
full member
Activity: 952
Merit: 110
Quote
Only 30% in Bitcoin even if it proved to be the safest option when it comes to cryptocurrencies? For me personally, as much as 70% of the money in altcoins is still a little too much. It’s more gambling than investing.

Yes, I also know Bitcoin is the safest investment in the crypto industry. But OP showing his interest in the Altcoins also. Currently, Bitcoin's price is $50,000, So if Op buys bitcoin now and it hit $1,00,000 the profit will be 100%. But in Altcoins it's possible to gain 500% or more. SO why did my suggestion for the altcoin and I mentioned most of the trending coins? Investment in some shitcoin is gambling but in a good project, it's not gambling. If you know what you are doing then it's good. My most of the bag is now full with Altcoins, I am already in good profit also. When Bitcoin will hit $100k, Some coins will give you 2x-5x or more. So why still believe in altcoins and holding...



The higher the risk the higher the profit they say, since OP is willing to take the risk why not let him? Altcoins have higher returns than bitcoin and also not all altcoins are gambling, you can't be filling your bag with BnB, solana, avalanche, polkadot and be feeling like you are gambling away your money, altcoins are of different levels and OP just need to choose the good ones
hero member
Activity: 670
Merit: 512
Quote
Only 30% in Bitcoin even if it proved to be the safest option when it comes to cryptocurrencies? For me personally, as much as 70% of the money in altcoins is still a little too much. It’s more gambling than investing.

Yes, I also know Bitcoin is the safest investment in the crypto industry. But OP showing his interest in the Altcoins also. Currently, Bitcoin's price is $50,000, So if Op buys bitcoin now and it hit $1,00,000 the profit will be 100%. But in Altcoins it's possible to gain 500% or more. SO why did my suggestion for the altcoin and I mentioned most of the trending coins? Investment in some shitcoin is gambling but in a good project, it's not gambling. If you know what you are doing then it's good. My most of the bag is now full with Altcoins, I am already in good profit also. When Bitcoin will hit $100k, Some coins will give you 2x-5x or more. So why still believe in altcoins and holding...


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