Topic: Idea needed for my situation (Read 974 times)

Quote from: BlackFor3st on May 19, 2019, 10:45:47 PM

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.

At what price have you got bitcoins and etherum worth $5000+? If you were able to buy bitcoins under $5000 and etherum below $150 then their is no need for you to convert your coins in any other coins to maximize your profits but instead you can continue holding bitcoins and etherum on your wallet until the price is multiplies twice.

For example, if you bought bitcoins at $5000 then wait for them to reach $10,000. In this way you could at least double your capital and also the prices are quickly moving up as we can see from the graphs so you can surely have great profits if you continue holding bitcoins or etherum.

I am 100% in support of your advice. What he has is what many people is hoping they have access to now for them to invest in bitcoin, especially now that we are already in the Bull run of bitcoin and the next 2 months of holding bitcoin will really have a very big increase.

I understand he has his commitment in 2 months, but it is better he leaves his fund in a market we can all attest to its increase within the next 2 months, than other markets that doesn’t have any guarantee of coming out of their dip till we see a proper bull which might take another 1 more year before they can increase the way bitcoin is increasing now.

ricardobs

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If you really want to pursue your plan then you can use the top 5 exchanges in coinmarketcap like Okex,Dobi and etc. Two months is still a long way and the market is keep on increasing so there is a big chance that you can still double your money within two months.

You are in the right track, just don't be greedy and you will surely reach your target as the market situation is in your side as of now.

These coming two months can show us a immense growth in all major altcoins. There are possibilities that in these coming two months bull runs might approach which would land the price for bitcoins as well as all other altcoins onto moon. In the last one month, the price for bitcoins has nearly doubled so why can't we expect the same or greater than that in the coming 2 months? If we rationally think about it and denote most of our time and efforts in trading then I am damn sure that in the coming 2 months, any dedicated individual can make their pockets fill with profits and the same might re-invest to gain more benefits.

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Quote from: Cosbycoin on May 18, 2019, 03:03:32 AM

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.

well, I don't quite understand what you mean by financial commitment but if I should advice you, I did tell you to be very careful in the process of trying to double your money over night, though bitcoin and bnb prices have gone really up of resent so I want to Believe that this idea worked out for you quite well, but incase of next time, you gotta just be careful as to not go gambling with that little you already have, when investing, make sure you know what you are doing in order to avoid sad stories

OrangeSeller

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Quote from: GreatArkansas on May 16, 2019, 03:30:18 AM

Quote from: Yamifoud on May 19, 2019, 02:06:51 AM

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?

Well, you just cannot compare these two coins like there is no comparison between Bitcoin and BNB or Bitcoin and ETH. Of course ETH is more advanced as compared to BNB in terms of both trading volume and market cap. Eth has been functional across the world since long and is the second best coin in the market. This is not true about BNB. However when it comes to profitability, both have good gaining power.

If you are confused in making decision what coin you should start with, you have to go with the most profitable one. The most profitable one is the Bitcoin and Ethereum as well because both have the power to give huge returns of our investments. Diversification is another good system to spread your investment in more than 2 sources but make sure you should do it with maximum of 5 sources for care.

Whosdaddy

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OP wanting to play at binance even she know already the current status of Binance instead to look for another known exchanges.
You have to do nothing but to wait until BNB deposit will be open again. But for now, it is better to buy more BTC or ETH while waiting, you can even trade them in Binance as well. This just to have something rather to wait without nothing happen. It is just a waste of time IMO.

Which other exchange is better than Binance or has the volume that will make his strategy work, Moreover, Binance is already over their issue and I think all deposit and withdrawal has been opened again, and if they had not even opened, I would have advised him to wait for Binance.

Not that I am saying we don’t have some good exchanges, but op, who is not new in this industry must have seen Binance as the best option for his game plan which is why he chose Binance if he is to be successful in it, so its not abut exchange, it’s about his strategy, if it will work or not irrespective of the exchanges used.

neonshium

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Quote from: perla on May 17, 2019, 02:09:59 AM

Quote from: jrrsparkles on May 16, 2019, 05:22:37 AM

Quote from: GreatArkansas on May 16, 2019, 03:30:18 AM

Quote from: calya on May 18, 2019, 09:51:41 AM

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?

Low market cap coins were dumped to buy ethereum and bitcoin,its just normal when the market seems bullish and this time only those useless coins will get out of the market due to no usability.For OP you should hold bitcoin rather than converting into USDT because you are not going to make anything in two months or two years from USDT,it will just stay same or will get dumped.

Well, everything might be have risk. But Ethereum and Bitcoin is safe choice. Bitcoin is good to pick or maybe Ethereum when i post it before it increased more than 10% and people can be take profit, although me little late to sell mine.

That is wrong my friend. You have to take risk even if you are looking forward to investing in Bitcoin or ETH. The future of the money you invest in coins is really uncertain and I think that this is called risk. Though the risk you may face in ripple would be a bit more as compared to that you have to face in the best coins if you invest in them.

BlackFor3st

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If you really want to pursue your plan then you can use the top 5 exchanges in coinmarketcap like Okex,Dobi and etc. Two months is still a long way and the market is keep on increasing so there is a big chance that you can still double your money within two months.

You are in the right track, just don't be greedy and you will surely reach your target as the market situation is in your side as of now.

Yamifoud

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OP wanting to play at binance even she know already the current status of Binance instead to look for another known exchanges.
You have to do nothing but to wait until BNB deposit will be open again. But for now, it is better to buy more BTC or ETH while waiting, you can even trade them in Binance as well. This just to have something rather to wait without nothing happen. It is just a waste of time IMO.

Malsetid

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Quote from: Dreamchaser21 on May 18, 2019, 08:05:27 AM

Quote from: sj2199 on May 17, 2019, 06:48:34 PM

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.

So how do you think you can deposit if its suspended on binance?
Well, that’s a good plan though but you have to wait for Binance announcement about the activation of deposit. I do suggest to hold some of your BTC on your personal wallet since exchanges are now safe for storing money.

after binance hacked they make announcement that temporary suspend deposit and withdraw feature.maybe wait till bitcoin correction finish and rebuy it on arond $6k and hold it for atleast 2 months could give you profits dude.holding bitcoin better than holding altcoin.

Better to just hold on to your btcs dude. Anyway if you're looking for profit, the current trend is probably more than decent for your 5k. If you've been holding on to that for a while now then you're likely to have more than doubled your capital amount. I think that's a lot better tjan exchanging it to usdt and bnb.

adjed

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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.

When someone want to make money from investing then they need to have volatile value then only can buy at low and sell it high but OP choosen stable currency which looks completely horrible.

aderidwan98

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Maybe you can try trading at bittrex or Okex, because both exchangers have almost the same quality as binance.

calya

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Quote from: Dreamchaser21 on May 18, 2019, 08:05:27 AM

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.

So how do you think you can deposit if its suspended on binance?
Well, that’s a good plan though but you have to wait for Binance announcement about the activation of deposit. I do suggest to hold some of your BTC on your personal wallet since exchanges are now safe for storing money.

after binance hacked they make announcement that temporary suspend deposit and withdraw feature.maybe wait till bitcoin correction finish and rebuy it on arond $6k and hold it for atleast 2 months could give you profits dude.holding bitcoin better than holding altcoin.

Dreamchaser21

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Quote from: Caladonian on May 17, 2019, 12:01:21 AM

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.

So how do you think you can deposit if its suspended on binance?
Well, that’s a good plan though but you have to wait for Binance announcement about the activation of deposit. I do suggest to hold some of your BTC on your personal wallet since exchanges are now safe for storing money.

upsidedown75

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Quote from: lovesybitz on May 16, 2019, 10:45:57 PM

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.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

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.

It's better to aim for long term investment instead of chasing the market, chances of losing money each time you place your entry in a wrong projects, lots of investors needs to make a good assumptions and have a good faith with any coins that they've placed their money, if you can hold on you can see the results after some months or years of believing, it will bring good things when the pumped started to comes up strong.

Long term investment is always a better solution for each financial problem but OP is having a financial commitment in 2 months so he might probably sell his investment that time so there are very less chances of long term investment at least for OP. In such situation, quick profits would be needed by the OP and usually there is higher risk in quick profits.

The longer we wait, the minimum the risks would be with higher profits. 2 months is not an high time to hold on but yet with the help of short-term trading or even day trading OP can make good profits by placing buy and sell orders understanding the markets.

redsun114

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Quote from: Caladonian on May 17, 2019, 12:01:21 AM

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.

At what price have you got bitcoins and etherum worth $5000+? If you were able to buy bitcoins under $5000 and etherum below $150 then their is no need for you to convert your coins in any other coins to maximize your profits but instead you can continue holding bitcoins and etherum on your wallet until the price is multiplies twice.

For example, if you bought bitcoins at $5000 then wait for them to reach $10,000. In this way you could at least double your capital and also the prices are quickly moving up as we can see from the graphs so you can surely have great profits if you continue holding bitcoins or etherum.

sana54210

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Quote from: lovesybitz on May 16, 2019, 10:45:57 PM

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.

Quote from: GreatArkansas on May 16, 2019, 03:30:18 AM

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.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

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.

It's better to aim for long term investment instead of chasing the market, chances of losing money each time you place your entry in a wrong projects, lots of investors needs to make a good assumptions and have a good faith with any coins that they've placed their money, if you can hold on you can see the results after some months or years of believing, it will bring good things when the pumped started to comes up strong.

More reason why we shouldn’t gamble with projects too, most especially when we have money that is very dear to us like that of op and we cannot afford to lose.

In a case like that, it will be best we just opt in for bitcoin investment straight without thinking twice because it is still the only investment we can rely on that even when the price drop lower than what we committed, it would not take long before the value bounces back to normal and give the investment more profit.

Which is why it is best op leaves the investment in bitcoin and look for opportunity of buying low and selling high at every chance he gets before those 2 months.

Cosbycoin

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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?

Well, you just cannot compare these two coins like there is no comparison between Bitcoin and BNB or Bitcoin and ETH. Of course ETH is more advanced as compared to BNB in terms of both trading volume and market cap. Eth has been functional across the world since long and is the second best coin in the market. This is not true about BNB. However when it comes to profitability, both have good gaining power.

el kaka22

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Bitcoin is already gaining super interest by people, maybe it is time altcoins should get a bit of that attention as well ? What could the worst be ? I mean they are already losing value in bitcoin but gaining profit in dollars and as long as people care only about how much profit they have in dollar value than altcoins could at worst result with "not as much as it could be" type of profit instead of a loss.

Moreover, if altcoins start to get some attention after this bitcoin bull I think in the next 2 months that 5 thousand dollars could turn into 10 and even 20 thousand dollars if you invest into right altcoin. There are so many of them at binance right now waiting for binance to stabilize and waiting for bitcoin to stabilize and after that those altcoins will do x5 and even x10 easily.

CryptopreneurBrainboss

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How about this, since you have some financial commitment in next two months what about buying more bitcoin with the fund you have in Ethereum specifically to be sold later and hold on to those satoshi until when the time comes to full fill the commitment, you use the BTC you bought for that purposes. I won't advice you go into trading with those fund as you might get easily emotionally influence resulting to a breakdowns from impatience.

sj2199

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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.

Mahanton

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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

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.

rodel caling

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Quote from: omonuyak on May 14, 2019, 11:12:18 AM

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.

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.

Best Dreams

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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.

Yes now good time will come because we know reduction in supply makes the price higher we only need to get the opportunity and use it well, if price is gonna rise with the amount of 200 or 300 dollar per day it is not bad price I can see good future price so buy more and then wait to see if the price rises more or not but don’t sell let it rise in price.

mikelsmith2020

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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.

pundit

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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.

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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.

Quote from: jrrsparkles on May 16, 2019, 05:22:37 AM

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.

You could get the value of your coins raised provided you HODL in the current market. I know it sounds like a big risk but to be honest, everyone here wants some money sooner or later and they face the same risk. Another thing is that you should have your funds for security and moments of urgency. If you have invested those funds in crypto, you have not done the right thing but anyways, try to withdraw your amount at least 2x and reinvest the other half.

perla

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Quote from: GreatArkansas on May 16, 2019, 03:30:18 AM

Quote from: lovesybitz on May 16, 2019, 10:45:57 PM

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?

Low market cap coins were dumped to buy ethereum and bitcoin,its just normal when the market seems bullish and this time only those useless coins will get out of the market due to no usability.For OP you should hold bitcoin rather than converting into USDT because you are not going to make anything in two months or two years from USDT,it will just stay same or will get dumped.

Well, everything might be have risk. But Ethereum and Bitcoin is safe choice. Bitcoin is good to pick or maybe Ethereum when i post it before it increased more than 10% and people can be take profit, although me little late to sell mine.

Caladonian

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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.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

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.

It's better to aim for long term investment instead of chasing the market, chances of losing money each time you place your entry in a wrong projects, lots of investors needs to make a good assumptions and have a good faith with any coins that they've placed their money, if you can hold on you can see the results after some months or years of believing, it will bring good things when the pumped started to comes up strong.

lovesybitz

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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.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

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.

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Quote from: spadormie on May 16, 2019, 02:37:42 PM

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.

Micerker

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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.

traderethereum

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Activity: 2870

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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.

whirlcoin

full member

Activity: 602

Merit: 111

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.

Gaff

hero member

Activity: 924

Merit: 502

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.

Quote from: monalia on May 10, 2019, 03:03:53 PM

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.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

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.

harizen

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Activity: 3122

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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!

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.

spadormie

sr. member

Activity: 840

Merit: 268

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.

syamster

hero member

Activity: 1078

Merit: 501

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.

Quote from: GreatArkansas on May 16, 2019, 03:30:18 AM

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.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

jrrsparkles

sr. member

Activity: 2520

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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?

Low market cap coins were dumped to buy ethereum and bitcoin,its just normal when the market seems bullish and this time only those useless coins will get out of the market due to no usability.For OP you should hold bitcoin rather than converting into USDT because you are not going to make anything in two months or two years from USDT,it will just stay same or will get dumped.

eternalgloom

legendary

Activity: 1792

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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.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: bonker on May 15, 2019, 11:58:00 AM

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?

SirLion

newbie

Activity: 23

Merit: 0

During this bull run, it will be mistake to sell BTC and ETH - you will be able to sell it in 2-3 months twice higher, than current price. Catching the highest point, think about invest your 5k USD.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: Natalim on May 15, 2019, 10:40:55 PM

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 he want to lose some of his money that is why decided at this level.

Perhaps, he just doesn’t really know USDT stands for and what it is also used for, because if he does, I am sure he will not be looking at stable coins for investment out of many great coins he would have invested in.

More so, I still don’t even get the gist as to why he is planning to even take out of bitcoin which is the major coin that everyone is looking up to for any reliable investment ever.
Anyway, if he is to listen to advice, its better he just leave the coin in bitcoin because I am very hopeful that within the next 2 months, his investment would have already clocked to about $10,000 because as at the time he posed this, I think he seems to have 1 BTC already.

Adhichan

full member

Activity: 588

Merit: 100

Don't sell yet, enjoy the bull run the price will continue to rise.
You need more money in 2 months, for sure if the bull run will not stop, you might double your investment, or even more.

ETH just pump today with a 20% increase, it's a good start.

if courage to hold our minus we have to courage to hold our profits too.most investors strong while they hold their loss , but when they see its become profit they immediately sell it.

Natalim

hero member

Activity: 3094

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BTC to the MOON in 2019

Don't sell yet, enjoy the bull run the price will continue to rise.
You need more money in 2 months, for sure if the bull run will not stop, you might double your investment, or even more.

ETH just pump today with a 20% increase, it's a good start.

asyakashi

sr. member

Activity: 1918

Merit: 256

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Quote from: babysweetTiger0401 on May 15, 2019, 08:15:58 PM

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

Litecoins is one of the pioneering altcoins in crypto trading, I remembered during the time when Bitcoin pumped way back 2017 it kicked the price of litecooin into a highest price in the market. So, I think it will happen again or more, therefore buying Litecoins for now is one of the good idea I guess. But not my priority to hold, instead Ethereum, Bitcoin, Utrust, Npxs, and Neo are my priority to hold for now.

Don't forget ethereum! today eth is increasing and this is like a bomb. Ethereum is the king of the ICO project and the community is very large. I suspect confidence in the ICO will recover and investors are increasingly confident with ethereum. we just wait this will continue.

perla

hero member

Activity: 1932

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I think ETH still good to invest, i mean at least ETH still have chance to up again and it is safer to invest. But once again, DWYOR, both do with your own risk, or do with your own research will be used in investment.

babysweetTiger0401

sr. member

Activity: 777

Merit: 251

Quote from: --DarkSecrets-- on May 15, 2019, 12:05:23 PM

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

Litecoins is one of the pioneering altcoins in crypto trading, I remembered during the time when Bitcoin pumped way back 2017 it kicked the price of litecooin into a highest price in the market. So, I think it will happen again or more, therefore buying Litecoins for now is one of the good idea I guess. But not my priority to hold, instead Ethereum, Bitcoin, Utrust, Npxs, and Neo are my priority to hold for now.

Nasty23

full member

Activity: 736

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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.

Being in the usdt right now is a bad choice as well as BNB the recent issue is a big problem that cause a dump. I think you have some misconception about what you really want to have in trading. A piece of advice right now if you will ask me i will not buy Bitcoin or BNB its too risky, what is better the altcoins.

Agree, it's better to choose now is the altcoins because we know that Bitcoin are already achieve new highs after the recent dump on which can be dump anytime for the correction of it and BNB recently got hacked but it already achieved new ATH as of now on which also can dump anytime if you didn't buy those coins before it goes pump it's better to choose the altcoins but if you hold it already you already got a profit as of now.

exstasie

legendary

Activity: 1806

Merit: 1521

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.

USDT is a bad choice to hold at any time......agreed there.

However, BNB just made a new ATH today (in dollar terms) and gained like 20% against BTC earlier today. It seems like the market has already put the hack behind them and is still bullish on Binance.

Ayiranorea

sr. member

Activity: 1246

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Leading Crypto Sports Betting & Casino Platform

Make the investment into ethereum, right now ethereum is beginning its growth phase. If you're in need for more money out of the $5k+ worth of bitcoin continued buying and selling is the only possibility. These days there is continued price fluctuation, when you are more observing it is possible to buy low and sell high. Continuing this overcoming the risks might help you in earning, also it is possible only if you spend full time in front of the trading desk.

--DarkSecrets--

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Stake & Vote or Become a IoTeX Delegate!

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.

Being in the usdt right now is a bad choice as well as BNB the recent issue is a big problem that cause a dump. I think you have some misconception about what you really want to have in trading. A piece of advice right now if you will ask me i will not buy Bitcoin or BNB its too risky, what is better the altcoins.

bonker

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Quote from: zhekinsp on May 14, 2019, 11:20:42 AM

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 he want to lose some of his money that is why decided at this level.

FanEagle

legendary

Activity: 2884

Merit: 1117

I am not going to convert bitcoins into any other altcoins even if the price growth is slightly higher because bitcoin is more stable and can be trusted when compared to other good performing coins so we have to hold it and just sell it after two months later to get some decent profits rather than risking it for huge profits on trading.

I guess bitcoin just recognized his responsibility and decided to top up some profits for him to take and sort out his responsibility provided he has not sold it prior to now, but since he said his commitment is in 2 month’s time, then by now, he should have gained at least $1500 which he will still gain more than that before then with this great bitcoin momentum we are having to foot his needs without having to completely remove the $5000.

So for that advice of waiting for that 2 months more before selling, has to still be carefully handled, because within that same 2 months, we might still experience a dump that will make is investment static or even lower.

Botnake

hero member

Activity: 2856

Merit: 667

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.

michellee

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Activity: 2604

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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

LTC will be on my list to watch because LTC can increase so high before halving. Maybe the price can go high more than $100, and we still have a few months before August, and everything could happen. Right now, litecoin has a good start to rise although not much, but when the time is coming, litecoin will start to rally.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?

Let me ask you question first, why BNB? I really don't trust any alt coins nowadays, it's really much better if you have your funds in BTC right now, it's so bloody for alt coins now and especially on BNB which reach new All time high last month and it's so risky for Binance now since the hack happened few weeks ago. Much better if you go first for BTC.

asyakashi

sr. member

Activity: 1918

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Quote from: GregH37 on May 13, 2019, 01:54:25 AM

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

zhekinsp

full member

Activity: 882

Merit: 126

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Quote from: Ailmand on May 11, 2019, 04:51:57 AM

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.

Nobody knows what will the price be. You have a financial obligation in the next 2 months, which means that is not your spare money. It is not a good idea to gamble your money in trading. Use only the amount you are willing to spare and lose, trading does not assure profit.

It doesn’t always work that way, you know how commitments that one does not plan for just suddenly shows up, as at the time he made that investment, it might actually be his spare money, but along the line, he probably exhausted his budget on things that went beyond his control which the next thing will be for him to result back to Taking from his investment.

I wouldn’t say the move is totally wrong, because if it is a matter of life and death, he would not have any choice, but there is a way people still play this out, and that is why we have crypto loans since has a collateral already, it is either he gets money from crypto loan or he trades with it within that short time.

I am not going to convert bitcoins into any other altcoins even if the price growth is slightly higher because bitcoin is more stable and can be trusted when compared to other good performing coins so we have to hold it and just sell it after two months later to get some decent profits rather than risking it for huge profits on trading.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: The Cryptovator on May 12, 2019, 11:54:29 AM

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.

wuvdoll

legendary

Activity: 1442

Merit: 1025

I think the way bitcoin is going up if your emergency fund is really urgent then you should keep it at bitcoin and only withdraw the amount you need at that moment. Which means if you need 200 dollars everyday for 10 days, do not withdraw 2000 dollars and then spend it each day, but withdraw 200 dollars everyday and pay then and keep the others aside.

Bitcoin itself is going up so I doubt putting it on USDT and BNB would make you any more income, at best case scenario you will make as much money and not more money than how much bitcoin would make you. There is a big chance bitcoin goes above 10 thousand dollars until summer or during early summer which is why as long as you do not have to please try to not cash out your bitcoins. Even if you HAVE TO like there is no other way only cash out the amount you are required right away.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Don't forget there is risk involved on crypto trading. Since you have target of two month, not sure you will be on profit or on lose. Different suggestion will come from different users, but you have to do your own diligence. If you ask me then I will suggest to buy few low sat coin which is all time bottom now. Perhaps those coin would bump if btc stay stable. I will not suggest to convert it on BNB or USDT. However, its your fund and your decision, I am not your legal adviser. So take your own decision.

Just like you admitted, he has 2 months target and buying low sat coin now may not guarantee him any profit in that 2 months, as you can see that this is not the alts season yet and as bitcoin is pumping in price, there are lots of altcoins that are seriously going down in value two, and unstill their season comes before they can rise.

The capital invested might still fall further and may not meet that target, taking is risky and I admit, but that is still the best bet now, imagine that he had traded bitcoin when he wrote this post, he would have made nothing less than 200usd and buy back again to make more profit.

ricardobs

hero member

Activity: 1204

Merit: 505

Quote from: Ailmand on May 11, 2019, 04:51:57 AM

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.

Well since you have such amount of funds in your possession, I believe the best thing for you to do is to create a blockchain startup and then higher an advertising agency that will help you in marketing the platform until it gets to it's target, I would have told you to go into crypto trading but that would be taking a big risk, so unless you are ready to take a risk and don't cry even if you lost the funds, then you should look for something different to invest the money.

GregH37

legendary

Activity: 1302

Merit: 1037

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.

Nobody knows what will the price be. You have a financial obligation in the next 2 months, which means that is not your spare money. It is not a good idea to gamble your money in trading. Use only the amount you are willing to spare and lose, trading does not assure profit.

It doesn’t always work that way, you know how commitments that one does not plan for just suddenly shows up, as at the time he made that investment, it might actually be his spare money, but along the line, he probably exhausted his budget on things that went beyond his control which the next thing will be for him to result back to Taking from his investment.

I wouldn’t say the move is totally wrong, because if it is a matter of life and death, he would not have any choice, but there is a way people still play this out, and that is why we have crypto loans since has a collateral already, it is either he gets money from crypto loan or he trades with it within that short time.

exstasie

legendary

Activity: 1806

Merit: 1521

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 wouldn't touch BNB right now. Its chart was already begging for a major correction and the Binance hack has now provided the excuse. I would also avoid USDT since it's risky to hold. The next bank seizure could be its last. If you want to hold a stablecoin, I recommend something safer like Circle's USDC instead. It can be traded on Binance and other altcoin exchanges.

Binance will probably reopen deposits this week. A decent alternative in the meantime might be Kraken or Kucoin.

pixie85

hero member

Activity: 2184

Merit: 531

I don't know why people who have gold that grows in value and is worth a lot want to exchange it into copper or some other less valuable thing.
This is what you're doing when you're selling your bitcoins to get manipulated USDt that has no full coverage or some other exchange tokens. Don't do it you'll regret it.

If you're not good at trading hold BTC. I made a mistake of selling at 6000 and it broke 7 a day later. At least I made some money but holders usually make more.

akram143

full member

Activity: 1106

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Each and every situation has to be faced by only you because the solution will be created from the people who are affected on the problem otherwise no one will helpful for you to solve the problem easily because no one will know how and what way you are affected by that that's why I am saying this.

Gozie51

hero member

Activity: 2660

Merit: 630

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I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?

I would suggest since you have that btc in your personal wallet, don't convert any portion to USDT, if you want to convert very little to bnb no problem but allow large amount to stayvin your wallet till the month you want to use it because btc is on bull at the moment and you will make better profit with having btc.

Bagaji

sr. member

Activity: 1330

Merit: 291

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.

Well, all depends on how it has worked for you before now, particularly now the Bitcoin price in on the increase you might gain profit at the end of your trade. Although, I don't really know of any exchange for now but am sure there so many of them out there if you do your research well. Wish you all the best in your trading brother.

The Cryptovator

legendary

Activity: 2408

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Signature space for rent

Don't forget there is risk involved on crypto trading. Since you have target of two month, not sure you will be on profit or on lose. Different suggestion will come from different users, but you have to do your own diligence. If you ask me then I will suggest to buy few low sat coin which is all time bottom now. Perhaps those coin would bump if btc stay stable. I will not suggest to convert it on BNB or USDT. However, its your fund and your decision, I am not your legal adviser. So take your own decision.

mirawantirinjana

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Activity: 700

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Quote from: rijaljun on May 10, 2019, 03:58:26 PM

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.

You will only be on the BNB token and wait for the coin to increase so you get a profit?

2 months can be a very short time to increase your investment, (if the token you buy has increased) but the capital you have is a very large risk if you do not choose the right time to buy and sell.

if you are constrained at Binance Exchange you can choose another reliable exchanger such as some exchangers that provide BTC / BNB pairs
https://coinmarketcap.com/currencies/binance-coin/#markets

Pattart

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Activity: 1190

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Quote from: monalia on May 10, 2019, 03:19:40 PM

Please read my question above thoroughly and reply then bro.

Hope you did not go through my OP as well as last reply. I want to know the strategy to solve the present condition. So looking for a suggestion. I do not want to start as a trader. Just for the click of time, I want to utilize it wisely and make money. Please share your idea accorinding to that .

I didn't understand what your "make money" means clearly if it's not about trading. Oh, you want to buy dumped coins to hold and make money from there? Then USDT or any stable coins are not the options. For BNB I don't think it's good, not because there was a hack issue. BNB is losing its price since last IEO, I'm afraid it will be losing its value continuously but If you can see there will be more IEO on Binance then perhaps this coin have potential to increase in price.

I still believe BTC is the only option for you to make money if you are not an active trader.

Yeah the news about hacking in binance certainly has an effect on the BNB market, I think holding BNB is not a good idea, seeing the latest conditions of their market. actually altcoin is specifically for trading not holding for long term, but it does not mean it is not suitable for holding. just I think altcoin is more at risk of being held, yeah you're right if you want to hold then choose bitcoin, take a look,bitcoin have price movement that biggest increase in the market

CryptoBry

sr. member

Activity: 1008

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There are many good and bad suggestions here so you can end up confused on which to follow. I am strongly suggesting that you analyze more your situation. Two months from now can be a long time in the world of cryptocurrency and we don't know for sure if by then Bitcoin can already be $10,000 or will it retraced back to $6,000. Therefore, the idea of converting half of your holdings to USDT is good but I am not so sweet with the BNB thing as most likely BNB can be stuck for a while that Binance is recovering its loss. At the end of the day, it remains your call. Good luck to you.

MonsterV

legendary

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Quote from: Gaaara on May 11, 2019, 09:08:43 AM

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.

The coin you choose is good in my opinion and it can be profitable in the next few weeks when viewed from the current market situation.
I think the alternative to binance is Kucoin, this exchange is in my opinion the best after binance and recently has improved features that are no less cool than binance (unless you want to wait until the deposit in binance is reopened). Don't waste your time thinking about it now, because the green market will leave you if you don't immediately make a decision. There is still time soon, before the green market goes further.

Reid

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Activity: 3052

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Just a moment ago we are talking about getting rich quickly which is not advisable for everyone.
Now, I see this.
I get it, we all need that but for what expense? You are already in good hands which is bitcoin and you want to diversify with other coins. USDT might come to and end. Be really careful with that.
BNB? It is just okay for me but also not that much of a good strategy. If you were earlier then it could be a good idea.

Stay with bitcoin. Look at its history and you will see that you are already gaining some good value.

LimLims

sr. member

Activity: 1204

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1xbit.com

See dude,
First of all you have a good amount to start trading and investing. But i can see that the demand of your profit is higher. That's may be risky for you.
And as far you said about USDT and BNB, no one can exactly say their price. If you invest in those it may lead to profit or also may lead you to losses also.
So always be careful with large amount of funds. This was just a warning.
Good luck dude.

babysweetTiger0401

sr. member

Activity: 777

Merit: 251

Trading cannot be mastered in such sort period of time it would take years before you can guarantee that you are good at it, in anyways same as gambling and other things you can get profit from investing in ICO and IEO has a high risk high reward, and you cannot consider ICO since it takes too much time, for me IEO is the best option you just need to have patient and gather information when you take this in consideration.

Indeed, it really needs time to understand it. But for me ICO now is the same as 2018, because that's what I had observed for every ico appeared here in the forum. So for me ICO and IEO are just both the same, probably their differ only on the period of time of having exchange
site platform. Although we had our own opinion and perception.

Gaaara

hero member

Activity: 1106

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Trading cannot be mastered in such sort period of time it would take years before you can guarantee that you are good at it, in anyways same as gambling and other things you can get profit from investing in ICO and IEO has a high risk high reward, and you cannot consider ICO since it takes too much time, for me IEO is the best option you just need to have patient and gather information when you take this in consideration.

dmty.0809

sr. member

Activity: 756

Merit: 250

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.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

you are not considering a couple of things!
Binance was recently hacked so they do not allow deposits and withdrawals yet (I think for another week it will remain like this). also that hack means BNB (their centralized token) is not having a good time as it is in dumping mode. so converting to that is not a good idea!

as for USDT I would always advise against it if you want to "remain in that coin". USDT is only good if you want to use it in a very short window otherwise if it is getting longer then either hold your bitcoin or convert it to real fiat (USD) instead.

as for the act of selling, it doesn't seem to be the wisest idea at this point that bitcoin price is rising!!! also holding an altcoin that is losing its value against bitcoin is not a good idea either.

Findingnemo

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Bitcoin = Financial freedom

Quote from: Haunebu on May 11, 2019, 07:14:28 AM

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.

Keeping bitcoin as it is,seems best option for me since the price of bitcoin turns out to be bullish ad BNB also turns into red after that hack attack so you are not going to get any benefits from converting those coins.

Hamphser

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Vave.com - Crypto Casino

Quote from: hugeblack on May 11, 2019, 05:09:41 AM

Quote from: hugeblack on May 11, 2019, 05:09:41 AM

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?

Bitcoin price has gone up wildly for the past few days, but I do not expect to get more than $ 7,000 over the next two months. I might be wrong, but that's my guess.
If I has that amount (5000,) I will move this coins to Binance account (will be safe with less than 2 BTC limit,) exchange 50% of that amount to USDT (or any stable coin), Hodling 20% as BTC, 10% BCH, 10% ETH and 10% traing of some Shitcoins.

10% in shitcoins? I would not invest a single penny into shitcoins since I don't expect them to suddenly rise in value like in 2017 which was a once in a blue moon type of event.

I would simply HODL my BTC in my hardware wallet(Would not leave it on an exchange) and would wait for it to continue rising in the long term and sell when a specific target is reached.

We should really prefer on this way rather than making some careless move.Instead of earning profits you will just lost that money.It would be more ideal
if we just simply hold our bitcoins and wait up for price increase.It might not give you the profit where op is targeting but atleast you would see some gains.
If it isnt enough then get some loan from others if you do have this last resort.

pey

sr. member

Activity: 546

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Free Crypto in Stake.com Telegram t.me/StakeCasino

No one can give you an advice, the best you can do right now is probably doing nothing if you don't know what to do, or you should play with half of the your coins and keep holding the rest.

Haunebu

hero member

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www.Crypto.Games: Multiple coins, multiple games

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?

Bitcoin price has gone up wildly for the past few days, but I do not expect to get more than $ 7,000 over the next two months. I might be wrong, but that's my guess.
If I has that amount (5000,) I will move this coins to Binance account (will be safe with less than 2 BTC limit,) exchange 50% of that amount to USDT (or any stable coin), Hodling 20% as BTC, 10% BCH, 10% ETH and 10% traing of some Shitcoins.

10% in shitcoins? I would not invest a single penny into shitcoins since I don't expect them to suddenly rise in value like in 2017 which was a once in a blue moon type of event.

I would simply HODL my BTC in my hardware wallet(Would not leave it on an exchange) and would wait for it to continue rising in the long term and sell when a specific target is reached.

hugeblack

legendary

Activity: 2702

Merit: 4002

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?

Bitcoin price has gone up wildly for the past few days, but I do not expect to get more than $ 7,000 over the next two months. I might be wrong, but that's my guess.
If I has that amount (5000,) I will move this coins to Binance account (will be safe with less than 2 BTC limit,) exchange 50% of that amount to USDT (or any stable coin), Hodling 20% as BTC, 10% BCH, 10% ETH and 10% traing of some Shitcoins.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

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.

Nobody knows what will the price be. You have a financial obligation in the next 2 months, which means that is not your spare money. It is not a good idea to gamble your money in trading. Use only the amount you are willing to spare and lose, trading does not assure profit.

Indrawan77

hero member

Activity: 1274

Merit: 516

I don't suggest you to do trading with your needed money, the market is very unpredictable, bitcoin eth, bnb is a great choice of coins but we can't predict whether you can get profit or not in the next two months, for me it's too risky to try to trade with that short moment

Altero

full member

Activity: 784

Merit: 123

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.

a little bit challenge for you this time since Binance have a big issues needs to respond immediately and causing delays to start in trading will make you short at your target. You have other option, used another exchange instead of waiting for Binance to be back into their normal operation.

Hope it will help you mate.

traderethereum

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Activity: 2870

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Vave.com - Crypto Casino

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.

First, that is just a suggestion from us, and I don't think that there is the best suggestion from us because it's all up to you to decide.

How if you divide the bitcoin from the converting half of the bitcoin as USDT into two parts?
One part still stay at bitcoin, and the other parts convert as USDT, so you still have bitcoin especially if there is a big jump in the next month, and you can sell another half of bitcoin you have into USDT.
The next half portion in BNB will be a good choice since I think that coin will be increased in the next month or the future.
You can hope your balance will bigger in the next months if the market is back to the higher price.
But if it's not, then you could be patient until the market can change into the bull market.
Why are the deposit and withdraw suspended on Binance? I think Binance won't suspend deposit and withdraw because of the hack news and I think they still allow us to do that.
That is a suggestion from me, and you still need to research what will work for you.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: monalia on May 10, 2019, 03:19:40 PM

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.

Don't ask for peoples suggestion when it comes to your own financial matters. You know you financial situation better than anyone else. You just need to make proper decision by yourself based on present and past experience.
Remember, you said you want to make you want "higher" amount than you are currently holding within next two. Just investing on a coin for a short term and sitting back won't help you in this case.

rijaljun

sr. member

Activity: 1274

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Please read my question above thoroughly and reply then bro.

Hope you did not go through my OP as well as last reply. I want to know the strategy to solve the present condition. So looking for a suggestion. I do not want to start as a trader. Just for the click of time, I want to utilize it wisely and make money. Please share your idea accorinding to that .

I didn't understand what your "make money" means clearly if it's not about trading. Oh, you want to buy dumped coins to hold and make money from there? Then USDT or any stable coins are not the options. For BNB I don't think it's good, not because there was a hack issue. BNB is losing its price since last IEO, I'm afraid it will be losing its value continuously but If you can see there will be more IEO on Binance then perhaps this coin have potential to increase in price.

I still believe BTC is the only option for you to make money if you are not an active trader.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: rijaljun on May 10, 2019, 03:06:34 PM

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.

Why considering stable coins yet these arent volatile ones for you to include this into your option? For BNB then i dont see it would be ideal to convert into this coin due to

current issue of Binance hack.If your coins do sit on BTC and etherium then it would be more wiser if you do just sit it there and nothing you would gonna do.Just wait for the price recovery
which is more wiser and practical rather than risking yourself on doing trading if you are completely newbie.

monalia

member

Activity: 685

Merit: 14

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.

If you want to learn how to make money from trading, you don't need that much to start. $1000 is enough to start and keep the rest on your personal wallet (make sure most portion must be BTC). Then just buy some potential altcoins with your $1000 funds (BTC, USDT, ETH or BNB). I prefer to only trade BTC pairs and ignore other pairs (USDT, ETH, BNB) in order to only multiply my Bitcoin. Start to buy 1-2 potential altcoins ($250 each and let the rest $500 in BTC) and wait the price to increase before you sell them. How to know a coin will increase in price? There are a lot videos and articles about how to choose potential coins, how to start trading, just learn from them. Done.

Got profit from it? Congrats for your first trading profit! find the right coin again to buy with same amount.
Your coins dropped? Learn more about picking potential coins + learn about portofolio management on internet (a lots of articles and videos there, I'm sure)

Do it for like a month and always learn from your mistakes and learn additional tips from internet, next month I'm sure you would become a better trader (just never think you are an expert so you can always learn new things)

Please read my question above thoroughly and reply then bro.

Hope you did not go through my OP as well as last reply. I want to know the strategy to solve the present condition. So looking for a suggestion. I do not want to start as a trader. Just for the click of time, I want to utilize it wisely and make money. Please share your idea accorinding to that .

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: BitcoinGirl.Club on May 10, 2019, 02:38:23 PM

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.

If you want to learn how to make money from trading, you don't need that much to start. $1000 is enough to start and keep the rest on your personal wallet (make sure most portion must be BTC). Then just buy some potential altcoins with your $1000 funds (BTC, USDT, ETH or BNB). I prefer to only trade BTC pairs and ignore other pairs (USDT, ETH, BNB) in order to only multiply my Bitcoin. Start to buy 1-2 potential altcoins ($250 each and let the rest $500 in BTC) and wait the price to increase before you sell them. How to know a coin will increase in price? There are a lot videos and articles about how to choose potential coins, how to start trading, just learn from them. Done.

Got profit from it? Congrats for your first trading profit! find the right coin again to buy with same amount.
Your coins dropped? Learn more about picking potential coins + learn about portofolio management on internet (a lots of articles and videos there, I'm sure)

Do it for like a month and always learn from your mistakes and learn additional tips from internet, next month I'm sure you would become a better trader (just never think you are an expert so you can always learn new things)

monalia

member

Activity: 685

Merit: 14

Quote from: BitcoinGirl.Club on May 10, 2019, 02:38:23 PM

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.

Unless you know possibly everything about trading, do not step into it. I have lost half of my bitcoins because I was an uneducated trader. Since then I am hodling my bitcoins.

My suggestion is to hodl unless you are very sure about doing anything else with it.

Edit:
Also spend sometimes on Wall Observer BTC/USD - Bitcoin price movement tracking & discussion. I can assure you that you will learn a lot about bitcions however I can not guarantee you that you will not hear about some NSFW terms and graphics. Such as:
Green dildo
Hot sexy girls
fake tits
buttocks
Liverpool (not NSFW but you will hear about it a lot when Liverpool will face Tottenham in the CL final)
sex

I can't remember anymore. Getting too old LOL

Hope you take me wrong as i want start my trading experience. Naah not that here bro.

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!

xvids

sr. member

Activity: 1176

Merit: 301

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.

Unless you know possibly everything about trading, do not step into it. I have lost half of my bitcoins because I was an uneducated trader. Since then I am hodling my bitcoins.

My suggestion is to hodl unless you are very sure about doing anything else with it.

Edit:
Also spend sometimes on Wall Observer BTC/USD - Bitcoin price movement tracking & discussion. I can assure you that you will learn a lot about bitcions however I can not guarantee you that you will not hear about some NSFW teams and graphics. Such as:
Green dildo
Hot sexy girls
fake tits
buttocks
Liverpool
sex

I can't remember anymore. Getting too old LOL

I agree you could just lose more in trading if you couldn't do it properly.
I suggest that you should take some time to think about it and learn some tips on trading.
There are so many trusted exchange not just binance .

BitcoinGirl.Club

legendary

Activity: 2800

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Farewell LEO: o_e_l_e_o