If I have 1BTC So how did I use to invest in different Coins - page 11.

jrrsparkles

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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

I don't think any shitcoin is good for long term because most hyped coins only short lived or they just don't appreciate at all even with all the potential of it. But don't put all your eggs in one basket can be applied here too so if you're ready to lose 10% or 20% or the total 1BTC which is upto you can take your chances.

I am not going to mention any names but I am gonna say what I will look, it shouldn't be called as next Bitcoin because we already have it then why we need the exact same thing to be existed which will eliminate 99% of shitcoins so there you may have some coins with actual utility.

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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

Only Bitcoin can be the best if it is for a long-term investment. But if you want to use it for short to medium term investments, you can invest in altcoins. But it's not easy to find altcoins because now there are more and more choices of altcoins and you might find it difficult to find them.

I advise keeping your 1 Bitcoin and using the other money (if you still have other money) to invest in Bitcoin. And only use the money you can afford to invest in altcoins and don't use your Bitcoins to invest in altcoins because it's not worth it.

And you should know that investing in new coins is a big risk because you don't know how well the new coins will do. It can give you two choices, which is profit or loss.

SquirrelJulietGarden

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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

You have 1 BTC and you want to use that 1 BTC to buy altcoins?

It's a bad idea. Owning 1 BTC is dream for many people including me. Hold it and don't use it to buy altcoins because altcoins will make you poorer and from 1 BTC you will have like 0.5 BTC, 0.2 BTC or 0.1 BTC in future with altcoins. You will lose your bitcoin if you don't hold it but invest it to altcoins.

Taskford

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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

Like what other say its better to split up those balances on top coin on the market since they are much safer option to have if you are aiming for long term but don't forget to leave maybe 15-20% for shitcoin investment since there are tokens that can give you short time profit if you trade those risky tokens quickly and you don't join people call for a hold on those tokens. If you do this for sure you will get a lot of options and also learn many things for doing this selections since you can see a different perspectives in your executed trades.

elevates

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You need to make your own choices rather asking for an advice on a public forum. People asking for investment advice without doing proper research tend to get confuse. When you are confused you lose your ability to decide what is good for you.

My advice to you is to keep holding your 1 BTC till the next bull run. Decide at what point you want to gain profit and then go ahead and sell some of it. The fiat amount you got keep some of it to buy more when the bear market comes. Keep on doing it and you will end up with more BTC. Alway do your own research before investing as it is your BTC and not ours.

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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.

Don't spend your Bitcoin and better keep it. That is what I've been doing before the 2021 bull run and I've regretted it and that's the mistake that I'll never do.

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

Any suggestion from your side which is good for long term

You just keep Bitcoin and that's the best strategy. But if you think that you want to scatter 1 BTC to many different altcoins, I'd suggest the top ones like ETH. As much as I want to suggest other coins, if I were you, I'll keep the 1 BTC and wait until the next or next next bull runs.

noorman0

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

-snip-
because I know this time is very crucial to invest in any new coin or even in an old coin.

So, from what point of view do you consider it crucial? Given that most of today's older altcoins are starting to be contested on some legal basis, I don't think it's a good idea to take advantage of this situation to get them even at a low price. And there is no need for other opinions to know about new altcoins, without complex research it is very risky.

Final opinion: Just hold your 1 bitcoin

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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

If you are to invest, then let it keep sounding in your mind and thoughts that bitcoin should be your first priority for an investment, when you set in during the bear market, hodl your coins and wait till they are matured for release or sale, you will have the opportunity to make profits during the bullrun, you can be buying bitcoin gradually as well using the DCA pattern, any investment outside bitcoin is nothing but risk because you will have the varieties of altcoins introduced to you and only few can be reliable while others are nothing than constitute of scam coins, whereby you can loose your entire investment on them over time. This makes bitcoin the most preferred cryptocurrency except if you think you've got that boldness for investing on any alts being an experience user.

Zaguru12

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First your subject topic doesn’t correlate with the main message body. First I would say there are different exchanges that actually offer pairs of btc to different coins and tokens. So if you wish to swap to those coins you can use these exchanges and then move your coins into your wallet.

Concerning investing into Alticoins for the purpose of diversification of portfolio, I would say it is definitely not advisable to me especially at this moment where the market trend is fluctuating. Investing into Alticoins poses more risk because it is not certain that most of them will survive this market. Moreover why i don’t advice investing too much on Alticoins are because they just follow the trend of bitcoin movement with just few coins moving slightly higher interms of gain percentage but also when it comes to dumping they fall way below and some crashes totally. So if it is about security and probably profit then stick to bitcoin. This is also not to discourage you from Alticoins but be rest assured that most of them are just pump and dump coins and investing in them is just pure gamble

reagansimms

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The more flour you have, the more cake options you can make. The money you get from selling 1 BTC is very much, you can buy whatever coin you like based on personal research calculations. Investment advice has been widely shared in forums and you can find it on google based on the keywords you enter. My best advice is to save your 1 BTC until you can hold it, it's better than putting some money on a new coin that hasn't been fully tested in the market.

Avantika jaiswal

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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

Topic: If I have 1BTC So how did I use to invest in different Coins - page 11. (Read 1882 times)