How would you spend 10000 cad on cryptocurrency today?

Rrita

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Quote from: UserU on September 15, 2021, 08:35:28 AM

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.

Barinekapaul

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Quote from: kiddex on September 02, 2021, 04:17:49 AM

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.

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UserU

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Quote from: ?? on ??

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

TheNineClub

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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.

retreat

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Quote from: pooya87 on September 12, 2021, 11:01:20 PM

Quote from: StanleyBoyle on September 12, 2021, 10:38:36 PM

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

n0nce

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Quote from: qwertyup23 on September 12, 2021, 08:51:29 PM

Quote from: kiddex on September 02, 2021, 04:17:49 AM

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:

Quote from: CryptopreneurBrainboss on September 12, 2021, 06:59:45 PM

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.

pooya87

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Quote from: StanleyBoyle on September 12, 2021, 10:38:36 PM

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.

StanleyBoyle

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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.

qwertyup23

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Quote from: kiddex on September 02, 2021, 04:17:49 AM

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.

CryptopreneurBrainboss

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Quote from: BIT-BENDER on September 12, 2021, 10:58:05 AM

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.

n0nce

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not your keys, not your coins!

This is the correct answer.

Quote from: Poker Player on September 02, 2021, 04:47:10 AM

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!

Quote from: LordMiguel on September 12, 2021, 03:35:40 PM

My opinion, go for a 50-50 investment. 50% for bitcoin and 50% for altcoins.

Quote from: Theones on September 12, 2021, 12:10:28 PM

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).

Quote from: BIT-BENDER on September 12, 2021, 10:58:05 AM

+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.

Quote from: Rrita on September 07, 2021, 09:49:03 AM

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...

Quote from: Rrita on September 06, 2021, 03:06:35 AM

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.

passwordnow

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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.

Quote from: Theones on September 12, 2021, 12:10:28 PM

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.

LordMiguel

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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.

NeuroticFish

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Quote from: Theones on September 12, 2021, 12:10:28 PM

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.)

Theones

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Quote from: NeuroticFish on September 02, 2021, 05:32:21 AM

Quote from: kiddex on September 02, 2021, 04:17:49 AM

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.

BIT-BENDER

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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.

Rrita

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Quote from: Stanlo on September 10, 2021, 10:00:18 AM

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

UserU

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Quote from: Rrita on September 07, 2021, 09:49:03 AM

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...

Stanlo

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Quote from: Rrita on September 07, 2021, 09:49:03 AM

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

Rrita

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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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