Topic: Idea needed for my situation - page 2. (Read 971 times)
wow, is it $ 5,000 in ethereum and bitcoin? you better not convert it for other altcoins and keep hold of your ethereum and bitcoin. but everything also depends on your decision.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
Dont risk up that $5k usd into crypto if you dont like on potentially facing up serious problem later on.We wont know on what would be the price I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
on next 2 months in crypto.You wouldnt know if we would dump both btc and eth,then what would you do? Better hold it off in fiat then
if you do need money then simply get some loans or borrow some money to your relatives and friends.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
Great and nice ideas and decision converting half of your bitcoin and altcoins at this time is so wisely decision and for the excahnge you are looking for I suggest for your safety and security try to learn poloniex and coinbase.
I give other suggestions, it's good that you buy litecoin, because this year there will be halving and the price can reach more than $ 100. It is estimated that it will occur in August.
Litecoin has crossed $100 this morning according to my local time and I think it will still be going up this week based on the current state of the market. If litecoin halves then we should expect it to be above $200 or $300 as the demand will increase because of the reduction in supply and that is going to affect pricing.
This is only according to my own suggestion, I think you should buy bnb only when they introduced a project/coin which can only be bought using BNB coins and once you bought that early a big number of investors will buy BNB and it will pump which is your opportunity to sell and earn profit and in regards with the USDT I think it's like a USD which can be considered as a stable coins on the market so don't expect a big profit from it or maybe if you have a $100k worth of USD.
First of all I would like to you to suggest you pls don't put this money into trading if you really need it after 2 months. Trading is always risky unless you are a professional trader, rather professionals lose money many times. Trading is an unpredictable game thats why the first rule of trading is "Invest only the money which you can afford to lose". If you can really afford to lose the some amount you are holding in you wallet then go ahead to trade with calculated risk. I am not discouraging you to trade but I am asking you to be ready if something worst happens to your account.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow. Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.
I think ETH still good to invest, i mean at least ETH still have chance to up again and it is safer to invest.
It's still risky for ETH to enter now since ETH is overbought now. But for long term, ETH is good rather than BNB, Ethereum is also following Bitcoin price movements even Ethereum is considered altcoins, compare to other altcoins when BTC and ETH pumps, some altcoins are dumping. You guys noticed that?I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow. Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.
Absolutely you are right, If anyone like to get profit in the future there are really two ways only for them not to loss their coins or capital investment and that is hold and buy coins that has a potential to increase in the future. In this way, We are sure that the things we did is very safe and also we are doing savings in the future too.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow. Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.
Absolutely you are right, If anyone like to get profit in the future there are really two ways only for them not to loss their coins or capital investment and that is hold and buy coins that has a potential to increase in the future. In this way, We are sure that the things we did is very safe and also we are doing savings in the future too.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
[/quote
If what you are trying to say is you want to trade using your $5,000 so in 2 weeks you have profits to use to pay your financial obligations then I don't think its a good idea to gamble on that idea of yours. While we see that the market is doing great for the past few days or weeks we still don't know how long this will last. How much is your target anyway. If you aim for 2% per day in trading using your $5,000 that can at least help you gain at least 30% or $1,500 granting that you are consistent in earning 2% a day.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
[/quote
If what you are trying to say is you want to trade using your $5,000 so in 2 weeks you have profits to use to pay your financial obligations then I don't think its a good idea to gamble on that idea of yours. While we see that the market is doing great for the past few days or weeks we still don't know how long this will last. How much is your target anyway. If you aim for 2% per day in trading using your $5,000 that can at least help you gain at least 30% or $1,500 granting that you are consistent in earning 2% a day.
You should convert all to BNB or add another in-USDT option. With the current growth rate, Bitcoin price will not go down so USDT should not be selected. You can choose 50% for BNB, 25% for ETH and 25% for XRP. This is the most optimal option, helping you earn more BTC within the next two months.
You should try investing it on bitcoin. If you already did, you might probably want it to just hodl. And since your post was on May 10, bitcoin probably got up on that moment. So, I suggest that you take profit now. Bitcoin is now going down. It is right now on $7900.
Yes, I hope that he does not forget to take the profit at the highest price before because now, the trend still in the downtrend.This time will be a good time for him to buy more bitcoin, but that is if he still has money to buy bitcoin.
Bitcoin is back to the lower price, but soon, the price will come back to the higher price so if you already buy more bitcoin, you can expecting to make a profit again soon.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
there is no doubt about your next move it already decided from you if you got some idea don't consider this idea to anyone because everyone have different mindset but no one will answer for you if there idea will not get successful that's why go with your opinion only will give the satisfaction for you. I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!
Please give me the best suggestion which you feel good for my situation.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow. Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.
Satisfaction doesn't end by just one hit, but also we need to be more focused on how it withstand for a long time. I agree mistake is avoidable when you've done once, but if you do it twice I think the problem is really with you. For now if you're in a difficult situation, you need to finds ways to move on towards the future and never look back what failure you had. Always look for a positive strategies in order to overcome those struggles behind you.
OP wants to utilized his money by relying on crypto performance. And by reading replies here made by OP, he badly needs suggestions where can he literally put his coins to increase it's value. What an out of the context thinking you have there OP. Do you really think someone here can predict what happen? You are literally removing all the risks involved here.
Actually some construction works going here, so I want to utlize the fund wisely so I am looking to exchange it for best coins which dumped and stable coins.
I have shared my idea above bro. I wanna know whether it will work or not, else you may share best coins you feel. I will not pick that also blindly, I will closely monitor suggested coins for few days then only i go to invest to that bro. So no hesitation suggestions welcome!
I have shared my idea above bro. I wanna know whether it will work or not, else you may share best coins you feel. I will not pick that also blindly, I will closely monitor suggested coins for few days then only i go to invest to that bro. So no hesitation suggestions welcome!
You will never know the output if you won't test it. That's why it's risky. Will not go technical about your plan as it's not necessary. What I want you to understand is never rely a "SURE" income out of crypto. And you have a target for 2 months to that.
Some things you can do to somehow minimize the risks;
a) just let your coins there and hope for price increase in the next 2 months. Way better than risking your coins into something you didn't know.
b) settled the amount needed on your purpose (construction). Don't ask for more as long as it will be finished without a problem. You can come back again to earn the same amount.
You should try investing it on bitcoin. If you already did, you might probably want it to just hodl. And since your post was on May 10, bitcoin probably got up on that moment. So, I suggest that you take profit now. Bitcoin is now going down. It is right now on $7900.
I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.
You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow. Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.
I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.
I think ETH still good to invest, i mean at least ETH still have chance to up again and it is safer to invest.
It's still risky for ETH to enter now since ETH is overbought now. But for long term, ETH is good rather than BNB, Ethereum is also following Bitcoin price movements even Ethereum is considered altcoins, compare to other altcoins when BTC and ETH pumps, some altcoins are dumping. You guys noticed that?
I give other suggestions, it's good that you buy litecoin, because this year there will be halving and the price can reach more than $ 100. It is estimated that it will occur in August.
besides that LTC will also face halving, I agree with you.like bitcoin halving ltc will cause a significant increase. I think this is the right time to buy.
DYOR
Suggestions like these really won't help anyone, you can't predict the price, for all you know someone loses a bunch of money because they followed your advise here.
Estimations don't mean anything in the crypto world, cryptocurrencies are extremely volatile assets.
The only advice i would give to OP, is to perhaps look at other exchanges than Binance and don't actually hold any coins on there, just keep them in your own wallet.
Whenever you are ready to cash out, do so at an exchange that has trading pairs with fiat currency, not USDT.
Jump to: