If I have 1BTC So how did I use to invest in different Coins

rodskee

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Quote from: Tahid12 on May 31, 2024, 06:26:15 PM

I think you don't need to get scared if you choice potential altcoins for investment. Good altcoins will never make you disappointed. solana, matic, bnb, ada, near, fantom and there are many more in that list. Don't sell all your Bitcoin but sell some percentage for buying those altcoins. But if you buy new altcoins, that could be dengerous. Also I saw many new altcoins are getting successful nowadays. You can check this or try this with little money you can lose. New altcoins also bring many opportunities. So analysis about those. But you can always go to investment with good and potential altcoins anytime

I think OP is asking about what coins or something like specific currency to invest his 1 bitcoin since I believe
that he already have bitcoin in her pocket so now he wanted a diversification , you have mentioned a lot of names
in which 6 currencies so that is a large choices mate for OP to decide but what I do missed Ethereum in your coins
list? do you not trust ETH?

Quote from: Lamkuthang on May 30, 2024, 10:53:40 AM

Quote from: MiF on May 22, 2024, 08:29:26 AM

based on my own understanding i think you are right in terms of buying and holding altcoins right now,that is a good strategy in the start of bull season, we cant deny that we are now at the start of a bull season and the start of rising of price of some good altcoins they are listed on coingecko and CMC tou can find it there and select.

The current conditions seem right to enter and start buying again, the market is still not showing signs of a bull run, but preparations must be in place in case it happens at any time.

Just to monitor the data, it's good at CMC because there are lots of choices of information there, there are also lots of people competing, both memes and non-memes, which are also clearly visible. In my opinion, it's a good idea to choose one that hasn't really experienced a significant increase and whose ATH might be better.

yeah the market is being in a roller coaster ride that will grow today and drops tomorrow
that is something that we need to consider and need to invest now or missed the chance tomorrow .

Tahid12

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I think you don't need to get scared if you choice potential altcoins for investment. Good altcoins will never make you disappointed. solana, matic, bnb, ada, near, fantom and there are many more in that list. Don't sell all your Bitcoin but sell some percentage for buying those altcoins. But if you buy new altcoins, that could be dengerous. Also I saw many new altcoins are getting successful nowadays. You can check this or try this with little money you can lose. New altcoins also bring many opportunities. So analysis about those. But you can always go to investment with good and potential altcoins anytime

Lamkuthang

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Quote from: MiF on May 22, 2024, 08:29:26 AM

based on my own understanding i think you are right in terms of buying and holding altcoins right now,that is a good strategy in the start of bull season, we cant deny that we are now at the start of a bull season and the start of rising of price of some good altcoins they are listed on coingecko and CMC tou can find it there and select.

The current conditions seem right to enter and start buying again, the market is still not showing signs of a bull run, but preparations must be in place in case it happens at any time.

Just to monitor the data, it's good at CMC because there are lots of choices of information there, there are also lots of people competing, both memes and non-memes, which are also clearly visible. In my opinion, it's a good idea to choose one that hasn't really experienced a significant increase and whose ATH might be better.

batang_bitcoin

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Quote from: Webetcoins on May 29, 2024, 03:40:30 PM

Quote from: batang_bitcoin on May 29, 2024, 11:41:12 AM

It's certainly easy to invest if we've got tons of money. But if your capital is limited and you have 1 BTC only, are you going to put that on risk? It's hard to say because many Bitcoiners won't put that 1 btc on risk because who knows if many of us are targeting to see 1BTC = $1M or even more in the future, right? That's why if you're going to convert that into any other altcoin of your choice, you shouldn't regret in the future when that seemed to be an exaggerated price now has been reached.

Converting Bitcoin to altcoins is never a bright idea in my opinion because Bitcoin is the best and most trusted cryptocurrency in the market, those who have their money in Bitcoin can have peace of mind because they know it is decentralized and it can gain value even if it loses it sometimes because we have seen it doing that in the past where it even went to $16k or lower but managed to regain its value and look where it is today.

Some altcoins are good, there is no doubt about that, but they can't compete with Bitcoin. So a person should only invest in altcoins if they think they have extra money that they can use for this purpose and they shouldn't convert their Bitcoin to altcoins because this can turn out to be a bad decision later on.

It's as per decision of someone who's longing to expand his assets. But we're all in agreement that it's never been a good idea to sell your BTCs for some altcoins. There are a lot of choices but nothing beats BTC as the best choice in the market, someone needs to understand how important is your decision making when you invest in the market. If you're fine to lose your BTC with some altcoins as your preference, then you have to bear with the consequences.

bitterguy28

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Quote from: Mehedi72 on May 24, 2024, 04:31:56 PM

People invest in Bitcoin so that they could have safety while they are earning money. And op, if you are holding your Bitcoin then you can see that how it growing from then to now, almost 4x in my analysis. And here is the fact that, bitcoin won't give you x10 or more, like altcoins. That's why it's comes altcoins investment in mind. And i think it could be an another opportunity to earn more if yousell some percentage of Bitcoin and holding some top leading altcoins, what are trusted and could give you decent amount of money besides bitcoin.

Then what would be the intention why OP is asking here about Idea in diversified portfolio but with altcoins maybe he already had Bitcoin in his pocket and just wanted to have extension from his target profit in the coming bull market as we are heading to this in the coming months of if not in the year more.
bitcoin will gop first and then altcoins will comes next.

Webetcoins

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Quote from: batang_bitcoin on May 29, 2024, 11:41:12 AM

Quote from: ?? on ??

Depending on the condition of the money we have, the more money the easier it is to invest in bitcoin and other altcoins because both can be profitable in the long term. Personally, you are more sure about which one is bitcoin or altoin. My suggestion is to invest half of the capital in bitcoin and the rest choose altcoin which has long-term potential.

It's certainly easy to invest if we've got tons of money. But if your capital is limited and you have 1 BTC only, are you going to put that on risk? It's hard to say because many Bitcoiners won't put that 1 btc on risk because who knows if many of us are targeting to see 1BTC = $1M or even more in the future, right? That's why if you're going to convert that into any other altcoin of your choice, you shouldn't regret in the future when that seemed to be an exaggerated price now has been reached.

Converting Bitcoin to altcoins is never a bright idea in my opinion because Bitcoin is the best and most trusted cryptocurrency in the market, those who have their money in Bitcoin can have peace of mind because they know it is decentralized and it can gain value even if it loses it sometimes because we have seen it doing that in the past where it even went to $16k or lower but managed to regain its value and look where it is today.

Some altcoins are good, there is no doubt about that, but they can't compete with Bitcoin. So a person should only invest in altcoins if they think they have extra money that they can use for this purpose and they shouldn't convert their Bitcoin to altcoins because this can turn out to be a bad decision later on.

batang_bitcoin

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Quote from: ?? on ??

Depending on the condition of the money we have, the more money the easier it is to invest in bitcoin and other altcoins because both can be profitable in the long term. Personally, you are more sure about which one is bitcoin or altoin. My suggestion is to invest half of the capital in bitcoin and the rest choose altcoin which has long-term potential.

It's certainly easy to invest if we've got tons of money. But if your capital is limited and you have 1 BTC only, are you going to put that on risk? It's hard to say because many Bitcoiners won't put that 1 btc on risk because who knows if many of us are targeting to see 1BTC = $1M or even more in the future, right? That's why if you're going to convert that into any other altcoin of your choice, you shouldn't regret in the future when that seemed to be an exaggerated price now has been reached.

colinistheman

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The most of the traders use the bitcoin for the investment,the reason behind this was the safety.Because we know bitcoin will never get out of the market,even though bitcoin was the decentralised cryptocurrency.The traders to the bitcoin market was keep on increasing daily.Investment should be made on the altcoin after making the background verification of that project,random investment of the money in the random altcoin is like the trader playing gambling in the crypto currency trading.Check the owner profile before investing in that coin.

Mate2237

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The time when you create this thread bitcoin was on it bear market or season so you might be motivated to invest in another project but now that one bitcoin is $70k, I don't think you will be planning to sell off your bitcoin and invest in altcoins because no altcoin can your the needed profit. And now that people are predicting $1 million in the next season. And once bitcoin hit that then altcoins thT are following it, it will also rise to a significant figure. So it is better for the track you are now.

But if you must invest in another then you split the 1 bitcoin to the number of Altcoins and invest in them

Volimack

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Quote from: rhodelmabanal on May 22, 2024, 08:19:52 AM

Quote from: Avantika jaiswal on June 13, 2023, 03:55:43 AM

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term

There is a lot of altcoins that can possibly give you a profit you need to select a good one or two, for now i think it is not too late to invest in different or top altcoins because bitcoin is just starting to rise and there is no other good option for now than selecting a good coin and hold because after bitcoin rise altcoins will surely follow.

Agreed with the rise in price of bitcoin the value of altcoins will increase Ethereum and BNB are good and top among altcoins for long term investment. There is still plenty of time for bull run currencies to rise further.

Mehedi72

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People invest in Bitcoin so that they could have safety while they are earning money. And op, if you are holding your Bitcoin then you can see that how it growing from then to now, almost 4x in my analysis. And here is the fact that, bitcoin won't give you x10 or more, like altcoins. That's why it's comes altcoins investment in mind. And i think it could be an another opportunity to earn more if yousell some percentage of Bitcoin and holding some top leading altcoins, what are trusted and could give you decent amount of money besides bitcoin.

MiF

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Quote from: rhodelmabanal on May 22, 2024, 08:19:52 AM

Quote from: Avantika jaiswal on June 13, 2023, 03:55:43 AM

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term

There is a lot of altcoins that can possibly give you a profit you need to select a good one or two, for now i think it is not too late to invest in different or top altcoins because bitcoin is just starting to rise and there is no other good option for now than selecting a good coin and hold because after bitcoin rise altcoins will surely follow.

based on my own understanding i think you are right in terms of buying and holding altcoins right now,that is a good strategy in the start of bull season, we cant deny that we are now at the start of a bull season and the start of rising of price of some good altcoins they are listed on coingecko and CMC tou can find it there and select.

rhodelmabanal

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Quote from: Avantika jaiswal on June 13, 2023, 03:55:43 AM

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term

There is a lot of altcoins that can possibly give you a profit you need to select a good one or two, for now i think it is not too late to invest in different or top altcoins because bitcoin is just starting to rise and there is no other good option for now than selecting a good coin and hold because after bitcoin rise altcoins will surely follow.

redsun114

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Quote from: rodskee on May 20, 2024, 05:56:13 AM

Quote from: Asyifiah on May 20, 2024, 02:49:44 AM

If you have a lot of money, it is very easy to manage several altcoins besides Bitcoin. There are several altcoins that can be invested in, such as Eth, ADA, and also BNB. These three altcoins already have a lot of market popularity and are also the choice of investors. Your attitude in buying altcoins is very good for stabilizing profits if the altcoin you want to buy enters a bull run.

you forgot to mentioned Solana mate as it is also gaining popularity nowadays ?
and also there are Meme coins that is taking over the market several times now while
other coins is still struggling to make its way up.

Only someone with no investment knowledge would sell their Bitcoin only to buy meme coins because meme coin investments are literally like gambling, there are no guaranteed profits from meme coins even if it is a meme coin that is already popular, it is never guaranteed to perform because their price value increases only if they are hyped and if there are a lot of investors investing in them, otherwise, they will stay stagnant forever and then die.

It's good if someone makes an investment in good altcoins after converting a portion of their bitcoins because diversification is a good thing, but the person will need to make sure that they are not wasting their money by investing in meme coins or even if they do, they should only invest a very small portion of it.

rodskee

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Quote from: AmoreJaz on May 21, 2024, 05:56:08 PM

Quote from: rodskee on May 20, 2024, 05:56:13 AM

Quote from: Asyifiah on May 20, 2024, 02:49:44 AM

If you have a lot of money, it is very easy to manage several altcoins besides Bitcoin. There are several altcoins that can be invested in, such as Eth, ADA, and also BNB. These three altcoins already have a lot of market popularity and are also the choice of investors. Your attitude in buying altcoins is very good for stabilizing profits if the altcoin you want to buy enters a bull run.

you forgot to mentioned Solana mate as it is also gaining popularity nowadays ?
and also there are Meme coins that is taking over the market several times now while
other coins is still struggling to make its way up.

It is only advisable to invest in various alts if you have the luxury of time of keeping up with them. Otherwise, better stick to top alts like BTC or ETH. It is quite challenging to follow a lot of alts, because there will be a time that you will forget to check their status in the market. Some of them will exit without prior warning, hence, you will be holding bag of worthless coins or tokens. It is good if you can follow them diligently as you can really make good money out of it because some new alts will pump hard, and if you get the right timing you can multiply your initial investments fast, but if not, you will lose a lot.

well yes, specially when you are talking new projects? this is a hard position because the risk is
always there , better to keep your coins on track because the more we risk is the more we have
chance to earn.
and I am done in checking each coins status because I believe that in top coins we don't have
to do this.

AmoreJaz

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Quote from: rodskee on May 20, 2024, 05:56:13 AM

Quote from: Asyifiah on May 20, 2024, 02:49:44 AM

If you have a lot of money, it is very easy to manage several altcoins besides Bitcoin. There are several altcoins that can be invested in, such as Eth, ADA, and also BNB. These three altcoins already have a lot of market popularity and are also the choice of investors. Your attitude in buying altcoins is very good for stabilizing profits if the altcoin you want to buy enters a bull run.

you forgot to mentioned Solana mate as it is also gaining popularity nowadays ?
and also there are Meme coins that is taking over the market several times now while
other coins is still struggling to make its way up.

It is only advisable to invest in various alts if you have the luxury of time of keeping up with them. Otherwise, better stick to top alts like BTC or ETH. It is quite challenging to follow a lot of alts, because there will be a time that you will forget to check their status in the market. Some of them will exit without prior warning, hence, you will be holding bag of worthless coins or tokens. It is good if you can follow them diligently as you can really make good money out of it because some new alts will pump hard, and if you get the right timing you can multiply your initial investments fast, but if not, you will lose a lot.

terrific

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Quote from: OrangeII on May 20, 2024, 01:31:42 AM

Quote from: terrific on May 19, 2024, 08:36:53 AM

Quote from: Essential10 on May 18, 2024, 11:02:21 PM

But I can only add Ethereum coin as an investment because it is suitable for long term investment like Bitcoin.

I agree about owning ETH, if you're going to extend your portfolio. Ethereum is one of the best additions that you can ever have.
Many investors like to do it with meme coins and other random coins but there's no assurance with them so trust the reputable ones like ETH.

Well, in general, 1 bitcoin is a very good investment for now, and I don't recommend splitting it into altcoins. However, if one wants to do that, I also think that Ethereum is one of the coins that would be great to include in one's portfolio. In fact, I feel that the best coin after bitcoin is Ethereum.

Yes, as long as you will not spend that 1 btc for any altcoins at all, that's already a good investment that you can hold on even until it becomes $1M. Tongue

ETH has pumped lately because of the rumors about the ETF approval but we still need to wait for the actual approval or rejection.

rodskee

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Quote from: Asyifiah on May 20, 2024, 02:49:44 AM

If you have a lot of money, it is very easy to manage several altcoins besides Bitcoin. There are several altcoins that can be invested in, such as Eth, ADA, and also BNB. These three altcoins already have a lot of market popularity and are also the choice of investors. Your attitude in buying altcoins is very good for stabilizing profits if the altcoin you want to buy enters a bull run.

you forgot to mentioned Solana mate as it is also gaining popularity nowadays ?
and also there are Meme coins that is taking over the market several times now while
other coins is still struggling to make its way up.

batang_bitcoin

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Quote from: FinneysTrueVision on May 19, 2024, 07:29:27 PM

Quote from: batang_bitcoin on May 19, 2024, 06:14:12 PM

Quote from: Ludmilla_rose1995 on May 19, 2024, 05:07:07 AM

Have you ever heard of DEFI? Currently there is a staking program, where you can buy a crypto asset (such as WBTC or ETHEREUM) and you get dividends from that staking, this is a good thing especially if you plan to invest long term so staking is something I really recommend, you You can also do DCA by staking, currently there are many coins that provide a staking feature for their token investor

Staking is passive income but the percentage changes and the genuine ones have a fair percentage that doesn't go that much of more than 10% yield annually.

Returns greater than 10% are possible but there is also going to be greater risk. The more yield you are promised, the more likely you are to suffer impermanent loss. Stablecoin investments tend to be safer, but the yield you earn might barely be enough to offset inflation and in the longer term it will perform worse than just holding Bitcoin. In fact, almost every altcoin will do worse than Bitcoin. It’s not wise to just start throwing money at a bunch of random altcoins. The best DeFi investment strategy is the one that maximizes your (wrapped) Bitcoin earnings.

Yes, that's like the standard and more than that will be at great risk. So, if you're staking such and you have invested to some stable coins or staking coins, you know what you are up to and you have no problem holding them there for quite a while. While some of the staking requires you a period of time to lock it, it's best to choose the ones with flexible terms so you are free to withdraw anytime you wish.

Asyifiah

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If you have a lot of money, it is very easy to manage several altcoins besides Bitcoin. There are several altcoins that can be invested in, such as Eth, ADA, and also BNB. These three altcoins already have a lot of market popularity and are also the choice of investors. Your attitude in buying altcoins is very good for stabilizing profits if the altcoin you want to buy enters a bull run.

Topic: If I have 1BTC So how did I use to invest in different Coins (Read 1864 times)