I need your contribution and opinion

dansus021

copper member

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Part of AOBT - English Translator to Indonesia

Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

Bro, you can still buy a Bitcoin with a couple of dollars and you know what you can even buy Bitcoin with a single dollar some exchanges need a minimum of ten dollars but you can still buy it hehehe.

Anyway, most altcoins are also expensive to take a look at Ethereum today you need 2000$ to own a single Ethereum but you can also start from 10$ too. Just opinion I think you should buy crypto with mid marketcap meaning is still below 10 billion and start with 1 billion usually these coin are still at the top 100 by marketcap but have much bigger return than bitcoin but Do your own research first before buying

icalical

sr. member

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Graphic & Motion Designer

Quote from: Kensure on November 12, 2023, 01:28:42 PM

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

This is a Bitcoin forum so obviously the first time people would suggest is Bitcoin, and you can buy as low as only $10 worth Bitcoin, you don't need to buy 1 Bitcoin, in some exchange even less. So there is nothing like you can't afford investing in Bitcoin.

Quote from: Kensure on November 12, 2023, 01:28:42 PM

Bought some cryptocurrency like XRP and Bitcoin.

I wouldn't say that XRP is bad because it has been proven to survive issues and problem over the year, but what you need to know is that XRP is centralized those central entity can immediately freeze XRP or just stop supporting XRP at once without considering XRP holder like you, so you need to be cautious. While Bitcoin is decentralized there is no single person could do that.

oktana

sr. member

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Eloncoin.org - Mars, here we come!

Bitcoin can be as small as 0.00000001. Yes, that means that you can transfer as small as that to anyone and it’ll go through. The amount I mentioned isn’t worth even up to half a cent. So, your money isn’t too small to buy Bitcoin just because you can’t buy one whole Bitcoin. If a poll was made, you’d see that the higher percent of people on this forum are people who do not have and have never had up to 1 Bitcoin. Don’t let the price intimidate you, slowly accumulate the amount you can.

MegameSama

member

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I will write anything for you

My first advice is to never ask random people for financial advice on the internet, what I'm afraid of is that when you get that advice and then the analysis doesn't match what you expected, you will feel disappointed and start blaming everyone.

I think now there are lots of content creators on YouTube, TikTok, Twitter, including Bitcointalk who write "how to" tutorials. You just type in the keywords you want.

then learn to analyze it yourself, even if only with support and resistance. use cold money, and enjoy the whole process. Hope this helps.

carbone9090

newbie

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

I advise you to start studying altcoins and new coins. Bitcoin has already made it's 38,000% profit over time. New coins can give 10-100x returns at the start of their growth. Good luck to you!

Mr.right85

hero member

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

I think where you should place your focus right now is in knowing the difference, the difference between Bitcoin and altcoins in general.

Should you have bought these coins (XRP and Bitcoin), you have archived a goal of having to invest in the cryptospace. Now, it’s a question of where you bought the coin or where it’s stored. You ought to know that, coin stored on exchanges are not entirely in your control and could be lost. Instead, you should buy coins and store in non custodial wallets.

Most altcoins don’t come with a non custodian wallet support facility but Bitcoin does and that’s a part of its uniqueness. It’s truly decentralized, have at least 13years on it and have the highest market capitalization.
In all you do, don’t go about your investment on different platforms, especially one that promises to trade and give you huge returns, it can easily turn out to be a scam. Be more private and ask questions when necessary.

Fara Chan

hero member

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Bitcoin Casino Est. 2013

Quote from: Luffygroove on January 20, 2024, 07:04:31 AM

Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.

Now is the right moment to carry out the Dollar-Cost Averaging (DCA) strategy because Bitcoin has experienced a correction and is running stagnant in the market. When investing, you must have a target and an entry point when you want to do it, although some people still often make comparisons with the past, even though that has become less important nowadays. Moreover, now there are many price changes that have occurred in Bitcoin and also changes in market conditions which over time are always clearly visible.

Y3shot

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Quote from: Vaculin on January 19, 2024, 06:59:31 PM

Bitcoin will always be higher in price compared to other crypto coins. So if you keep missing opportunity to buy bitcoin, once its value grows more, then you will find it hard to buy even a portion of it, hence buy now while the price is still affordable.

However, I wonder why you decide to buy bitcoin when you don’t even know why you should invest in it in the first place. I suggest you educate yourself first because it’s hard to convince yourself when you don’t even know what’s in bitcoin that everyone is craving to own it.

The market of bitcoin is unpredictable that you cant tell if the price will go up or it will go down, waiting for the price to come down to invest is what nobody can tell. It is better to invest when one have the chance to than wait for the price to fall, doing this it is possible to lose opportunity because the price of bitcoin can increase . Waiting for the price to come down has really made people to lose opportunity of not investing. Their is no time waste in bitcoin, the more you wait the chances of missing it.

Franctoshi

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OP do not get discouraged by the today's price of Bitcoin, almost anybody can afford to buy Bitcoin because it is programmed in such a way that it's divisible into fractions, and Therefore you don't need to wait until you have up to $42k the current price to start investing, So you can start with $50 due to the recent high transaction fees we have been experiencing lately, else one can buy BTC with as little as $10 to begin with. Lastly, if you really want to own 1 BTC, you will still use the same method, DCA, to achieve your goal.

qwertyup23

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

You can always purchase BTC in small quantities if you cannot afford huge amounts of quantities at the moment. For example, you can purchase 0.001 worth of BTCs which can cost around ~$40 at the current market price. From this, you can gradually increase the amounts of your investment overtime with just a relatively small amount of value in the market. No one is forcing you to purchase 1 BTC outright.

Quote from: Luffygroove on January 20, 2024, 07:04:31 AM

Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.

I do believe that once the fork happens this year, the price of BTC will again skyrocket like what happened last 2021 when it reached an ATH of ~$60k. I believe that we may go back to that price and that would be the price floor of BTC in the coming years until the next fork happens again.

This is the reason on why it is heavily recommended to everyone to purchase BTC and HODL it until after the fork happens.

snowpega

full member

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Eloncoin.org - Mars, here we come!

Quote from: Vaculin on January 19, 2024, 06:59:31 PM

Bitcoin will always be higher in price compared to other crypto coins. So if you keep missing opportunity to buy bitcoin, once its value grows more, then you will find it hard to buy even a portion of it, hence buy now while the price is still affordable.

However, I wonder why you decide to buy bitcoin when you don’t even know why you should invest in it in the first place. I suggest you educate yourself first because it’s hard to convince yourself when you don’t even know what’s in bitcoin that everyone is craving to own it.

Indeed, I agree with you here. I hope before halving we all get a good opportunity for re-buying and accumulate more Bitcoin. I believe in this bull run bitcoin will surpass the gold market cap which will be a big achievement for Bitcoin. well, I don't know why OP wanted to invest in Altcoins even though he has lack of knowledge. In the world of crypto, the more you have knowledge will be count as less. so, OP keep gaining Knowledge.

Well, in my honest opinion, I would suggest investing 90% of the portfolio in Bitcoin and the remaining 10% in altcoin... Diversify the remaining 10% in different altcoins to overcome risk because in the crypto industry risk management should be our first priority well in the altcoin case if one will not perform well another will perform well and return us a good amount of profit.

Luffygroove

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Ton Together | Save Smart & Win Big

Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.

2Pizza410000BTC

full member

Activity: 336

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Eloncoin.org - Mars, here we come!

Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

If you bought coins like Bitcoin and XRP you didn't make a bad investment. Not many people including you can afford to buy one bitcoin at a time. If Bitcoin seems too valuable to you, you can use the DCA method to invest a portion of your weekly or monthly income in Bitcoin. Even if my advice is not acceptable to you, you can buy and hold an Ethereum because an Ethereum can be convenient to buy for many people.

AYOBA

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

You won't find this journey too difficult because you have acknowledged that you know little bit not much. However I would like to offer you some advice: it would be beneficial if you continue to learn more about Bitcoin and other cryptocurrencies, as well as the fundamental technician's analysis of them.

These are the essential elements that will greatly simplify and expedite your journey. It's wonderful that you most taking so much of your time and Learn more. because becoming an investor requires a great deal of knowledge and learning from many sources in order to determine which kind of coins to purchase and hold. Despite the high price of Bitcoin, in my opinion, you should only invest money that you can afford to lose.

Vaculin

hero member

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Bitcoin will always be higher in price compared to other crypto coins. So if you keep missing opportunity to buy bitcoin, once its value grows more, then you will find it hard to buy even a portion of it, hence buy now while the price is still affordable.

However, I wonder why you decide to buy bitcoin when you don’t even know why you should invest in it in the first place. I suggest you educate yourself first because it’s hard to convince yourself when you don’t even know what’s in bitcoin that everyone is craving to own it.

SatoPrincess

hero member

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Quote from: Bushdark on January 19, 2024, 04:26:22 PM

There are altcoins in the market we can always buy that would be also profitable for us but it is mostly dependent on the projects we are putting our funds because we are volatile with lots of liquidity why othere are less of liquidity.

I have nothing against investing in altcoins, however I would advise you do so with caution. Altcoins are twice as volatile as Bitcoin and there is a huge risk associated with them.
According to this article, “7,530 cryptocurrencies from launched projects during 2020-2021 have failed, accounting for 53,6% of all dead coins alone”. I believe investors should have all the information before they invest into altcoins.

Bushdark

sr. member

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Eloncoin.org - Mars, here we come!

Quote from: odunybiz on December 24, 2023, 06:13:09 AM

Quote from: Y3shot on December 22, 2023, 01:02:58 PM

Quote from: LuckySea on December 05, 2023, 07:14:53 AM

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!

I don't think starting with altcoins is the best to start with beginners, beginners needs to have good knowledge about cryptocurrency before they make decisions of investing in altcoins. Altcoins are risky it is not an investment beginners need to partake on beginning of the journey. Beginners who know nothing about cryptocurrency might decide to go for altcoins for investment and end up picking altcoins that can end up being bad for investment.

Sometimes if one don't lose, you may not gain. Life itself is a risk. I could remember I started my crypto journey with altcoin and this has helped me understand how vitality the market is. Although it's good to start with Bitcoin but that doesn't stop one from buying altcoin with few dollars that you can avoid to lose.

I think op need to buy whatever he feel like buying since many of the tokens we have in the market have their own prices. The price of Bitcoin is not too high like the way he is thinking since we can always buy smaller units of Bitcoin and still make profits for ourselves.
There are altcoins in the market we can always buy that would be also profitable for us but it is mostly dependent on the projects we are putting our funds because we are volatile with lots of liquidity why othere are less of liquidity.

Y3shot

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It is not about investing in coins that are cheap that will guarantee profit , their are many coins in the market to invest but they are not worth to invest. Bitcoin price has gone high compare to some month ago but it doesn't mean investing in Bitcoin won't be profitable. When investing in cryptocurrency their are many things that needs to be considered, you may think that a coin is cheap and it is best to invest in it, but it can end up to be a coin that is not reliable in the market.

NewRanger

sr. member

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Quote from: sotelorene on January 16, 2024, 04:57:14 PM

The price of Bitcoin is not high except you want to buy 1 or more of it and again you don't have to buy or start investing in it when you don't have an idea on how to go about. I will advice you first learn more about it before investing, just like you said Bitcoin is worth inventing on but before investing you have to be ready to accept whatsoever thing you will experience or come across.

And if we talk about the reasons why discussions about BTC investment are so dominant at the moment, I think it's natural. Yes, it's normal for the OP to give an opinion about the price of BTC being expensive, but if the OP knew its potential in the future and followed price developments, maybe he would say the opposite.

After the increase a few days ago and looking at current conditions, if we synchronize with market conditions, many traders are more actively monitoring the market, different from what we saw before. On the other hand, maybe one step away we will see a bullish trend again, prices are currently falling again and this condition is awaited by most investors. and in my opinion it certainly doesn't matter if we see the price of bitcoin fall again, just think of it as a good opportunity to collect coins.

snowpega

full member

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Eloncoin.org - Mars, here we come!

Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

Blackrock the big institution is accumulating Bitcoin at its current price so I think we should too. On the other hand, if you ask me I would say you can divide your total portfolio into two parts. Invest 90% of your portfolio into Bitcoin and the remaining 10% you should invest in Altcoins keeping in mind while investing in altcoins as they have high risks and bitcoin have less risk. Try to invest in 4 to 5 altcoins which will help you to overcome your risk in loss. Risk management is the most important part here in altcoins. If one is not performing well another one will perform well. Invest only in good projects. DYOR

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