I always said that we need something like s&p type of deal where we can invest into cryptos in general.
It doesn't have to be all coins, you could create like a top 10 excluding stable ones (or even have stableones if you really want) and that way you could buy one thing and invest into all of top 10, that way you would invest into the whole market.
In order to avoid any problems with 10th coin changing and all that, you could make it "10coin2one" type of whatever and pick top 10 coins you want and make it a thing.
I think that is a real lacking thing in the crypto market right now that will be covered in the future, I do not see a world where we do not have anything similar to that, I am sure we are going to have something similar but it may take some years before anyone can really do it since it requires a big capital to pre-purchase them and make it so that people actually invest into them.
Topic: I wish there was an option to invest in multiple coins via one purchase (Read 200 times)
July 05, 2020, 11:05:48 AM
July 05, 2020, 10:51:15 AM
Nope, but you can do that manually yourself. That feature is not really necessary. And as for buying altcoins, Link is the altcoin that you mentioned that I know has been doing really well, and yes I have already invested in it for a long time now and it was worth it. Though I don’t still have plans to be holding any altcoins. I don’t have any other one apart from that Link, and Bitcoin. Most of my money are going into Bitcoin, and that’s what works for me a lot of time. Everyone has what works for them and they should be putting more focus into that.
I remember there was a recurring option in my local exchange which enables us to buy bitcoin (I could not remember they offered such facility for any other altcoin as well) on every month for the equivalent fiat value. It is like a saving account which moves some of our funds into fixed deposit for higher interest earning opportunity. If any exchange offers such facility for altcoins as well then you may automate your purchases.
I remember there was a recurring option in my local exchange which enables us to buy bitcoin (I could not remember they offered such facility for any other altcoin as well) on every month for the equivalent fiat value. It is like a saving account which moves some of our funds into fixed deposit for higher interest earning opportunity. If any exchange offers such facility for altcoins as well then you may automate your purchases.
July 05, 2020, 09:41:59 AM
So there use to be a cryptoverse option on Gemini where it would in vest in each currency based off of market cap, there for bitcoin was granted the largest percent, ether 2nd.
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
we have many other coins in the market that's why you should be the one to decide of which currency you think is good for you to hold and you are the one who will analyzed everything in project.
So having that option will not work In a wallet you should be the one who will decide how many percentage you want to buy for a currency not from them.
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July 05, 2020, 07:46:53 AM
the feature was removed because nobody in their right mind would want to do that. investors never invest in altcoins instead they only pay attention to them in short term.
Even if the feature still exist in this current, the risk involve is too high and i believe this is the reason why they get of the feature because the market is getting broad, the percentage of shitcoin is higher than genuine coin and it will be hard for both newbie and experienced traders to manage his portifolio
July 04, 2020, 06:33:40 AM
I think you don't need that because you can set by yourself when you want to buy it. I am afraid if you set it in one purchase, you cannot get the lowest price that can happen at the market at any time.
I am sure you can manage your order buy and place it in the queue order, so when the price touches your price, the order will fill automatically. I think you can get all of the coins that you want with the different order times and prices, and perhaps, you can buy the coin at the lowest price, so you only need to wait for the rising to sell the coin and make a profit.
I am sure you can manage your order buy and place it in the queue order, so when the price touches your price, the order will fill automatically. I think you can get all of the coins that you want with the different order times and prices, and perhaps, you can buy the coin at the lowest price, so you only need to wait for the rising to sell the coin and make a profit.
July 04, 2020, 05:56:13 AM
The correlation is too small. Not to mention people are trading bitcoin nearly every day, having an option to buy it monthly won't change how much you gain. What matters is the volume. If you have more buy volume/pressure then the price will gradually go up. And for that to happen, adoption and increase in usage are more important compared to monthly auto-buy.
July 04, 2020, 03:58:38 AM
I can't quite see a boom happening just because you're saving people a couple of extra clicks. And I'd rather be making my own bad shitcoin choices rather than have them made for me.
Automated and timed buys do seem to be relatively thin on the ground and that may well be helpful for people.
Automated and timed buys do seem to be relatively thin on the ground and that may well be helpful for people.
People like job being dione for them and instead of them, they like that someone or something saves their cliks. For the same reason they like trading bots.
I support automatization but on the other hand isn't not always good that something else is doing your job, especialy not in trading. And especialy because nothing and no one can't make decisions and take actions instead of you.
I wouldn't go that far to compare trading bots with automated purchasing, these two are different! I will go with gent here, saving yourself from few clicks will not create a boom, is what we can say for auto purchasing, but trading bot can save you from many clicks and bad decisions! I like to trade and invest manually, when I do that I enjoy the process, but I can understand people who wish to have auto for everything they do!
July 04, 2020, 12:08:46 AM
So there use to be a cryptoverse option on Gemini where it would in vest in each currency based off of market cap, there for bitcoin was granted the largest percent, ether 2nd.
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
I know one exchange where investing in one coin would automatically invest it in other coins.I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
WazirX is an Indian exchange now acquired by Binance which has a feature where traders can create their own token.
So you basically buy the traders token and then that trader invests it into coins as per his portfolio.
This way you are indirectly investing in multiple coins.
Also you can try creating a bot or buy an existing bot and cutomize it into buying/selling multiple coins at once with the proportionate value.
This way you will just have to put in the money you want to invest into the coins together.
July 03, 2020, 09:42:45 PM
Coinspot has an option to buy bundles of top 3/10 and 20 by market cap:
https://www.coinspot.com.au/bundles
I personally prefer to choose which coins I invest in myself as there are some in the top 20 that I regard as shitcoins
https://www.coinspot.com.au/bundles
I personally prefer to choose which coins I invest in myself as there are some in the top 20 that I regard as shitcoins
July 03, 2020, 07:38:35 PM
Nah, I was preferred to buy manually and choose the best coin rather than automation will run through. That was an absolute risk on our side. I agreed how this feature being removed coz eventually, it never gives a reason also for investors and traders to use it but somehow being ignored.
Most are choosing Bitcoin and partially the top listed altcoins. This seemingly turns into the fact that people will do their buys at their own choice and not by an accident because of that automation process unless there are choices out there.
Most are choosing Bitcoin and partially the top listed altcoins. This seemingly turns into the fact that people will do their buys at their own choice and not by an accident because of that automation process unless there are choices out there.
July 03, 2020, 05:27:23 PM
I can't quite see a boom happening just because you're saving people a couple of extra clicks. And I'd rather be making my own bad shitcoin choices rather than have them made for me.
Automated and timed buys do seem to be relatively thin on the ground and that may well be helpful for people.
Automated and timed buys do seem to be relatively thin on the ground and that may well be helpful for people.
People like job being dione for them and instead of them, they like that someone or something saves their cliks. For the same reason they like trading bots.
I support automatization but on the other hand isn't not always good that something else is doing your job, especialy not in trading. And especialy because nothing and no one can't make decisions and take actions instead of you.
July 03, 2020, 05:22:54 PM
But you can still do such a thing manual within 5 - 10 minutes without the so-called automation. In fact doing it yourself helps you avoid buying stupid pump and dump shitcoins like BSV and BCH because at one point in time they were high up in the coinmarketcap. We all know such coins with a stupid agenda behind them are going nowhere in the coming years. If it's all too hard for you, it would even be better to buy 100% BTC
July 03, 2020, 04:55:48 PM
If you want to invest in multiple coins in one guy, then your best bet is a cryptocurrency index fund.
There'a few out there, mostly run by bitwise, and they provide exposure to a bunch of small cap, medium cap and large cap cryptocurrencies.
Alternatively, you could just hand you money over to a fund manager or invest in a hedgefund, and gain exposure to their portfolio.
There'a few out there, mostly run by bitwise, and they provide exposure to a bunch of small cap, medium cap and large cap cryptocurrencies.
Alternatively, you could just hand you money over to a fund manager or invest in a hedgefund, and gain exposure to their portfolio.
July 03, 2020, 03:14:25 PM
I can't quite see a boom happening just because you're saving people a couple of extra clicks. And I'd rather be making my own bad shitcoin choices rather than have them made for me.
Automated and timed buys do seem to be relatively thin on the ground and that may well be helpful for people.
Automated and timed buys do seem to be relatively thin on the ground and that may well be helpful for people.
July 03, 2020, 03:12:56 PM
So there use to be a cryptoverse option on Gemini where it would in vest in each currency based off of market cap, there for bitcoin was granted the largest percent, ether 2nd.
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
Probably got rid of this feature for good. I don't think anyone would even want to use this feature. It leaves too many space to make errors. They likely got rid of it because they probably were receiving complains about mistakes or no one ever used it. I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
No one would like a bot to automatically invest coins on their behalf. And, you want features like those make because it will cause the price of bitcoin to skyrocket? Lol.
July 03, 2020, 02:57:00 PM
So there use to be a cryptoverse option on Gemini where it would in vest in each currency based off of market cap, there for bitcoin was granted the largest percent, ether 2nd.
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
If you know the basics of a programming language you can easily code a program that tells you how much you invest in each of the coins you want based on your allocation. Automating the purchase in the exchange is a bit harder, but manageable. If you want you can PM me and we can make a deal for a fair price.
July 03, 2020, 02:45:36 PM
Automation is sometimes the priority of people, and they would love to see such automated processes on their books given that most of them are busy people with everything else going on in their lives. While it is a wanted feature on Gemini, and I know a few folks using that stuff, I just can't think how would that be able to incite a movement for people to buy and invest more in crypto. I mean, the idea of automatic investment is good for some people but really, some like to deal with their investments on a more hands-on approach. Besides, given the volatility of cryptocurrencies, I don't even see why anyone in their sane mind hit the autopilot button on an investment that could probably be worth nothing in the next day.
July 03, 2020, 01:28:38 PM
the feature was removed because nobody in their right mind would want to do that. investors never invest in altcoins instead they only pay attention to them in short term while they are getting pumped. for example over the past 3 years ETH has lost a huge percentage of its value compared to when it was pumping and has not recovered at all.
that is why investors invest in bitcoin 100% then use that bitcoin to trade altcoins so that they could increase it.
that is why investors invest in bitcoin 100% then use that bitcoin to trade altcoins so that they could increase it.
July 03, 2020, 01:25:24 PM
I personally like those 3 coins and I hold BTC (more than 80%) some ethereum and some link.
However, in the long run, in my opinion Bitcoin is the most probable crypto asset to survive and really give good returns.
I would go 100% bitcoin. I am just waiting for some good news regarding Ethereum to sell all of my coins, and waiting until LINK reaches a top to sell it too. My objective is to 100% bitcoin in a few months (i am close to that already)
However, in the long run, in my opinion Bitcoin is the most probable crypto asset to survive and really give good returns.
I would go 100% bitcoin. I am just waiting for some good news regarding Ethereum to sell all of my coins, and waiting until LINK reaches a top to sell it too. My objective is to 100% bitcoin in a few months (i am close to that already)
July 03, 2020, 10:08:46 AM
So there use to be a cryptoverse option on Gemini where it would in vest in each currency based off of market cap, there for bitcoin was granted the largest percent, ether 2nd.
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
I know Gemini got rid of this feature however if there was a way to invest weekly, monthly or whatever and choose the allocation amount I think we would see a massive bitcoin boom based off of the majority of people buy bitcoin. along with such id be buying 75% bitcoin, 15% ether and 10% LINK. What is your opinion?
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