If I have 1BTC So how did I use to invest in different Coins - page 8.

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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

In my opinion, new coin or old coin (altcoin) are very risky to be used as a long-term investments, therefore if you really want to invest in cryptocurrency for the long term, then I suggest you just keep holding Bitcoin that you have, because Bitcoin is the best investment for the long term, so of course you will get a big profit in the future from investing in Bitcoin, therefore you will not be disappointed to invest in Bitcoin for the long term.

libert19

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I'd give suggestions but sometimes they fail so miserably I would rather not. Recent dump liquidated my several positions which I thought were safe just because I bought them at super low price (at least I thought so when I bought those).

Rather than heeding someone else, invest according to your own knowledge, if it doesn't work out you will learn and do better in next one. Good luck.

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Quote from: GreatArkansas on June 18, 2023, 10:05:34 PM

Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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

Just a piece of advice based on my experience before;
At some time in the future, there may be the time you will regret your decision about converting some of your Bitcoins to some altcoins. Why? Because not all altcoins are good, some are only hype, so be careful.
I experienced this before when I am new in cryptocurrency, Bitcoin is the most cryptocurrency I have before, and during that time, as what newbies do, they are attracted on some altcoins some are because of hype, so I tend to convert my Bitcoins to random altcoins and ended getting rekt while Bitcoin is not.

It obviously requires research and analysis before someone invests in an altcoin, especially if they are going to convert their Bitcoins into another altcoin which is already something very risky since we all know that Bitcoin is the safest of them all when it comes to price plunges. So one should be very careful about the altcoin that they choose to invest in because altcoins are generally not to be held for a very long term.

If a trader thinks that they are not being able to find a good coin to invest in and are uncertain, they should simply let their funds stay in Bitcoin and keep it for the long term, Bitcoin never disappoints if it isn't sold quickly because history says that Bitcoin recovers its price eventually.

mdzahed134

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Quote from: el kaka22 on June 20, 2023, 11:46:19 AM

Everyone basically has the same idea, no reason to put that much on Tron, rest people could agree with but Tron seems like a bad deal. Recently we have also seen that BNB could be a problem in the future as well, after all it is a centralized coin based on Binance exchange itself, so anything that could be wrong, could go wrong with that and we should be careful about it.

Yeah, also i think there are no reason to make big investment with TRON in the long term because right now i think team's aren’t much active and nothing new in their development. I think SEC specially targeted or suits to several major exchanges as like Binance is one them, yeah now even it will be risky to invest in BNB before fix the SEC claim.

el kaka22

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Everyone basically has the same idea, no reason to put that much on Tron, rest people could agree with but Tron seems like a bad deal. Recently we have also seen that BNB could be a problem in the future as well, after all it is a centralized coin based on Binance exchange itself, so anything that could be wrong, could go wrong with that and we should be careful about it.

It is not going to be easy, but we should end up with being more careful about it and should be doing something that will be a bit more decent. I know people are going to be trusting it a bit longer, but I do not think that we should be that much in love with it at the time, not today and not right now at least, we should be considering that as a risk, and be careful about it.

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Bitcoin is the most important thing you should look after than altcoin because you can't factor out how it would disappear in the crypto market. The last dip I had seen people crying out loud on their lost in some hype project that seeked their attention but the dip emptied their investment and they weren't able to recover or they sold out the little percentage that was left with them.
Naturally, anyone who doesn't have that patient to hold long should go into bitcoin investment than buying some altcoin sells within 3 month to 6 months while for bitcoin investment is expected for at least 1 year and above for good profits.

From the title if you had 1btc I would advise you to leave 80 percent in Bitcoin, and play around with remaining 20 percent because I know altcoin are only created to distract us by wasting our precious Bitcoin to buy them. So, just keeping holding your btc the way its.

GreatArkansas

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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

Just a piece of advice based on my experience before;
At some time in the future, there may be the time you will regret your decision about converting some of your Bitcoins to some altcoins. Why? Because not all altcoins are good, some are only hype, so be careful.
I experienced this before when I am new in cryptocurrency, Bitcoin is the most cryptocurrency I have before, and during that time, as what newbies do, they are attracted on some altcoins some are because of hype, so I tend to convert my Bitcoins to random altcoins and ended getting rekt while Bitcoin is not.

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Quote from: tvplus006 on June 17, 2023, 02:04:22 PM

Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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 can't figure out on your own what you need to invest in, then sooner or later the contents of your wallet will be reset to zero. In this case, the best solution for you is a long-term hold of bitcoin and selling it at a price that will be acceptable to you.

the OP can always read all the suggestions given to him but at the end of the day, he will be the only one who will assess which projects are worth taking the risk of his hard-earned money.
if he is not ready to explore other coins (meaning he has not done his own digging, study), better keep his coins in BTC for the moment. just invest in other alts if he thinks he is ready for it.

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Quote from: bitterguy28 on June 15, 2023, 11:07:02 PM

are you asking about diversifying that 1 bitcoin ?

then lets see what is safe and what is better depending to how long will you be handling the investments.

there is a List I have , and it is yours to follow or not .

1. 50% bitcoin

2. 20% Ethereum

3. 10% binance coin

4. 10% Tron

and the last 10% is diversified in some shitcoins and meme coins in which I admit to be risky and may lose all.

I think this isn't that bad, I wouldn't put that much on Tron though. Mine is VERY VERY close to yours and not really that complicated neither. I put 50% on bitcoin as well, exactly the same, 20% on ETH so exactly the same, and 10% on BNB so it is exactly the same on all of those.

But instead of Tron, I split the rest into 3-4 different coins, that means they are much smaller and they won't make much change but they can't hurt it neither, BNB has dropped a lot and rest went a bit higher because of that, so it is more like 5-6% BNB instead of 10% and the other coins are a bit more like 15% instead, but that is a temporary situational thing. In the end we should be seeing this do a lot better and I believe that this type of investment is a lot more strong for the future.

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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 can't figure out on your own what you need to invest in, then sooner or later the contents of your wallet will be reset to zero. In this case, the best solution for you is a long-term hold of bitcoin and selling it at a price that will be acceptable to you.

kapalmabur

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Quote from: wheelz1200 on June 15, 2023, 02:15:30 PM

Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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 would assume you then have much more than 1bitcoin in your portfolio. If not than I would move that bitcoin anywhere and just keep it. The market is too volatile right now to put it into anymore altcoins. You never want to have an unbalanced portfolio of alts to btc. I'd recommend a small fraction if your total go into these alts.

It would be a shame if the OP only had 1 Bitcoin in his wallet and was selling only for altcoins,
because Bitcoin still hasn't reached a new all time high,
it's better to sell half 0.5 Bitcoin and you can buy altcoins because with this strategy you can get x2 or even x10 profit in bitcoins and altcoins.

TheUltraElite

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 AM

Any suggestion from your side which is good for long term

Its bitcoin, hands down. Stretch it a little more and you can include ETH too. Increase the risk even more you can get the rest of the top altcoins as well. To play it safe, keep it limited to bitcoin and you can sleep tight.

In any case, if you find bitcoin too pricy to buy, dont buy 1BTC in whole, we have satoshis for that - buy the fractions and continue accumulating.

Judging by your account its not a new account but you have posting gaps, I assume you got this account from someone else selling it. I wonder what you have been doing all this while because this is a fairly simple question.

jaberwock

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Quote from: sulendra12 on June 14, 2023, 07:46:09 AM

Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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

1BTC is a lot of money and if you want to choose what to invest then your answer is invest all on cryptocurrency then it's really risky. I'd prefer to split in half between investment(ETH, BNB and gold) and make my own business. Well, it's not everyone's game to do well in managing your own business but the struggle will be worth it once you know the grasp and fundamental of running your own business. Having different kind of investment and source of income is really great and it could serve as a backup once something bad would happened.

It's a lot but he didn't say that he will use it all. He will only use a small portion of it. That's better if he will just pick up a new coin. Even for the old coin, I think that amount was already enough since I can believe more in the potential of Bitcoin than the others coins out there. Investing in all cryptos is pointless since many of them are just scams or a dead coin already.

It will be an immediate loss for us and it's going to be a hard task to recover the capital that we use to invest on them. It's interesting on how you add gold in the middle of our discussion but no doubt, gold is one of the leading assets in the outside world. We better pick this, if we will only invest on cryptos apart from BTC.

FrozenBit

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If you are looking to use 1 BTC to invest in other cryptocurrencies, there are several ways to do this. One popular way is to buy coins directly with BTC on major crypto exchanges like Binance, Coinbase, OKX... You can learn about cryptocurrencies and blockchain technology to make smarter investment decisions. Alternatively, you can also use automated trading services, like Changelly, to quickly and easily exchange BTC for other coins.

However, I would like to reiterate that investing in cryptocurrencies is a risky act, and you should carefully research the information before making an investment decision. All risk and potential factors should be considered, and only invest money that you can tolerate losing if there is an unforeseen change. It is easy to see the profits from altcoins increase rapidly during the bull seasons, but it is not completely guaranteed because it will not be encountered, sometimes holding 1BTC is also a huge cumulative value for us. For many of us, I don't want to discuss investment positions, but my ability to maximize returns will be proven by experience and experience over time.

bitterguy28

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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

are you asking about diversifying that 1 bitcoin ?

then lets see what is safe and what is better depending to how long will you be handling the investments.

there is a List I have , and it is yours to follow or not .

1. 50% bitcoin

2. 20% Ethereum

3. 10% binance coin

4. 10% Tron

and the last 10% is diversified in some shitcoins and meme coins in which I admit to be risky and may lose all.

Slow death

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It is necessary to take into account that in this cryptocurrency market there are high, medium and low risks, in the case, for example, of just holding bitcoin, then you would be making a low risk investment, that is, the chances of you losing all your money in that investment are very low. , the price of bitcoin will not fall to zero, although it can also take many years for it to rise much, something like staying 2 years or more and also only making a profit of 2x or 3x at most, but at least you are safer. There are also investments in old altcoins like ETH and LTC that are of medium risk and that can also give you profits of 2x or 3x or 4x at most.

the problem arises when investing in recent altcoins, the so-called meme coins, in which they are high-risk investments and you can lose all your money, but also if you are lucky you can profit, but they are not long-term investments, in my opinion these meme coins as time passes they will lose attention and disappear, the exception will be dogecoin but its price may be falling the day it loses the support of its biggest defender and this is something that sooner or later will happen and the People should be prepared for this. so it's up to you to determine what risk you are willing to take

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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.

Do you switch your Bitcoin to another coin?
I think you shouldn't switch your Bitcoin, most people prioritize Bitcoin as their main asset.
If you still have money, you just need to add your wallets with more coins. However, I suggest prioritizing top altcoins, old coins are good for investment. But if you really want to invest in new coins, you must do deep research, many new coins have weak fundamentals. Don't buy those new coins that seem difficult to develop in the future!

goaldigger

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Quote from: Avantika jaiswal on June 13, 2023, 04:55:43 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

Hold most of your Bitcoin and diversify with few altcoins since not all can survive the bear market.
Also, you have to consider the current status of the market, there’s a lot of red candles and the good coins are slowly dropping, you might want to wait a little so you can buy a cheaper coins, I think we are getting into a cheaper trend even with Bitcoin. Do DCA, this can be the best strategy right now.

jossiel

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Quote from: wheelz1200 on June 15, 2023, 02:15:30 PM

I would assume you then have much more than 1bitcoin in your portfolio. If not than I would move that bitcoin anywhere and just keep it. The market is too volatile right now to put it into anymore altcoins. You never want to have an unbalanced portfolio of alts to btc. I'd recommend a small fraction if your total go into these alts.

That's the same thing of what I'll do if he's got that amount.

People have been intriguing themselves to use bitcoins in buying altcoins. Soon, they'll see the importance of the tip that we're saying that they should just hold Bitcoin if they've got plans of buying altcoins.

There is no problem if they want to buy altcoins but if they can keep bitcoin without touching it and if they have other money to be used for buying alts, that's better.

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Quote from: someone703 on June 15, 2023, 12:55:18 PM

Investing a substantial amount in cryptocurrency alone can actually put you at risk due to market volatility. Diversifying your investments across different assets and income streams is a conservative approach to risk management and has the potential to increase your chances of long-term success. Splitting your investment between cryptocurrencies like ETH and BNB, along with other assets like gold, can yield a diversified portfolio. Each asset class has its own characteristics, benefits, and risks.

Cryptocurrencies can offer high growth potential but come with volatility, while gold is generally considered a more stable and traditional store of value. Also, starting your own business can be a great way to generate income and build wealth in the long run. Having a diversified portfolio with different investments and income streams can provide stability and help reduce the risks associated with any single investment or business.

Volatility itself isn't really the problem, or would yo say the same if we started mooning? Volatility is the key reason why people are buying alts. Problem is that we are on the bear market and fundamentals are more then horrible right now.

Quote from: LoganSibley on June 15, 2023, 03:16:41 PM

I can suggest you NEON, i feel like this is a good one, Neon Link

I checked it and that's not even on the market or launched yet. So shilling is quite unnecessary

Topic: If I have 1BTC So how did I use to invest in different Coins - page 8. (Read 1647 times)