If I have $40,000 to invest in one #cryptocurrency.

Dr.Osh

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Quote from: Tipstar on April 12, 2024, 10:00:33 AM

I'm invested on multiple coins and diversification is always better than investing on a few coins. Still if I were to choose a low risk high reward coin at the moment to invest all my 40k on, it would be books of meme (BOME). Bome is heavily accumulated at current price range and is near a heavy resistance that's been unbroken since ever. The coin could easily do x10 in a matter of years.
Among popular altcoins, I'd still chose Solana, even though it's like x10 in last 6 months, it can still make another x10 in a few years.

Well, I checked the charts and prices of BOME at the moment, and the price is really falling, and maybe it's different from what you said. In fact, I checked the volume on the DEX, and it wasn't that much. I think it will only be profitable if you invest early in the coin before the hype. However, never invest $40k at a huge risk, especially in meme coins. I prefer to invest in coins with clear development. Even if the price drops, it won't be too far. Maybe if it were me, and the choice was an altcoin, then I would probably choose Ethereum or BNB. However, if the choice is free, then it is bitcoin.

Essential10

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Quote from: Nothingtodo on April 12, 2024, 09:09:36 AM

If I had $40,000 to invest in any coin other than Bitcoin, I would definitely invest in Solana Coin. Because currently most of the projects are launched based on Solana platform and most of the projects in the market are based on Solana platform. This coin has the potential to acquire the second position in the market in the future.

40 thousand dollars is a big amount to me if you only invest in Solana Coin and I think you are going to make a wrong decision. Solana was down a lot last year, Solana Coin has seen massive growth in the recent year. The highest price we've seen this year is above $200. Now the price has come down a lot and the current price is hovering around $151. Only there is no guarantee that Solana Coin will increase in the future. If I had the $40k I would have chosen to invest in Bitcoin for the most part because Bitcoin reached its highest price this year and hopefully Bitcoin will make new highs. Also I would invest a small portion in Ethereum. I don't think Solana Coin can beat Ethereum to second place.

Kristiyana

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Quote from: asrinur on May 15, 2024, 08:04:44 AM

Quote from: Cryptomultiplier on April 13, 2023, 11:31:53 AM

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

With that kind of money, my suggestion is that you better invest in some altcoins. Moreover, recently the price of altcoins has experienced a significant price increase. Therefore, never miss the opportunities that exist and take advantage of the situation so as not to miss out, but you have to be careful not to be too hasty and most importantly, always carry out in-depth analysis.

Actually you don't have to give anyone the suggestion to invest in altcoins, because most people don't understand how this altcoin investment works. probably they can go with it the wrong way and this is going to make them experience lose in the market, However we know the risk that is involved in altcoin investment and not everybody that can bare the risk. that is why I don't always advice people to go into altcoin investment instead I will advice you to invest in bitcoin because bitcoin is somehow reliable though I can't really predict the future of bitcoin but the risk in bitcoin investment is low compared to the risk in altcoin investment.

asrinur

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Quote from: Cryptomultiplier on April 13, 2023, 11:31:53 AM

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

With that kind of money, my suggestion is that you better invest in some altcoins. Moreover, recently the price of altcoins has experienced a significant price increase. Therefore, never miss the opportunities that exist and take advantage of the situation so as not to miss out, but you have to be careful not to be too hasty and most importantly, always carry out in-depth analysis.

Kezacky

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$40,000 is very big amount and i think this will be total amount one can afford to invest in crypto. This amount should be invested very wisely and taking risk from capital investment is always bad decision. The most important thing here is booking profit. no need to wait for 10x but when you see 50% or more you can sell half or some part to book profit

vs2014

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It should reinforce your own sentiment that since the past few days the price of bitcoin has gone up so why don't you understand that it is actually the right investment to make a profit. You look at the market of altcoins they are trying to deal with the situation and slow market recovery. From that point of view bitcoin may be the best investment for you and i may have such a bullish market very soon. If you only do research you will lose the best time and will not be able to make strong profit from bull market.

Tipstar

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I'm invested on multiple coins and diversification is always better than investing on a few coins. Still if I were to choose a low risk high reward coin at the moment to invest all my 40k on, it would be books of meme (BOME). Bome is heavily accumulated at current price range and is near a heavy resistance that's been unbroken since ever. The coin could easily do x10 in a matter of years.
Among popular altcoins, I'd still chose Solana, even though it's like x10 in last 6 months, it can still make another x10 in a few years.

Nothingtodo

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If I had $40,000 to invest in any coin other than Bitcoin, I would definitely invest in Solana Coin. Because currently most of the projects are launched based on Solana platform and most of the projects in the market are based on Solana platform. This coin has the potential to acquire the second position in the market in the future.

d3nz

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Quote from: Husires on April 13, 2023, 03:26:24 PM

I can divide the currencies you mentioned into groups and thus make it easier for you:

$MATIC, $ADA, $SOL, $DOT: This pair's philosophy is that if Ethereum fails, they offer themselves as an alternative, so invest in one of them in addition to Ethereum, not all of them.
$SHIB, $DOGE: Both are speculative currencies. I do not advise you to invest more than 1% in them.
$VET, $NEAR, $LINK: I have not heard of enthusiastic news about these projects, so do not invest more than 4%.

If I were you, I would invest no more than $3,000 in all of the currencies mentioned.
This will leave you with $30,000 in Bitcoin and $7,000 in Ethereum.

I agree. Put your extra money into altcoins, but focus mainly on the top two. They're more dependable for making profits.

Strongkored

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To much or not really depends on the investor's ability to lose that money, because for those who have millions of dollars in assets, $40K for just one altcoin is small, because the amount of profit obtained will also depend on the amount of capital in the altcoin, but of course for small investors and only allocating $40k to invest is too much because you shouldn't put one egg in one basket, dividing it into several baskets would be better but you have to do it with careful calculation because without careful calculation what percentage dividing it into each altcoin will only reduce the profits you get because not all selected altcoins performed well in the same time.

OrangeII

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Quote from: bitzizzix on March 02, 2024, 04:20:50 PM

$40K is a huge amount and everyone will definitely choose Bitcoin and ethereum as their choice in terms of profits especially for the long term, and both coins are also very safe choices compared to other coins or altcoins because of their footprint.
And maybe if it were me, I would also only choose Bitcoin and ethereum because apart from these two great coins the others are still very risky, especially with new altcoins. So we have to be really wise in choosing coins that are safe and can also provide benefits for us, even though it takes quite a long time but it is certain.

Well, I also think that $40k is too much for 1 altcoin. However, since OP doesn't want to invest in bitcoin and ethereum, I think I'll choose BNB for that 1 altcoin. I still believe that BNB could potentially reach prices of thousands of dollars in the future. In fact, even though there is a lot of FUD from Binance, Binance is still one of the popular exchanges, and I think it will continue to influence BNB. So, I think sooner or later, the price of BNB is bound to rise, and with a $40k investment, it could be a huge gain.

Jonyshake71

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Op you are looking for the one currency that will making you a billionaire??!!! It might be possible if you choice more than two, three currencies in a row , otherwise one currency needs so many effort to make you billionaire and that is highly risky. Btc, eth are safe but not have that effort what you are looking for, to make you so. Haven't found only one currency Rest from them as promising safe to landed you on yoir target. Memecoin doge, shiba or another one could be the choice but you could lost also. I may choice matic, near or solana for that, although billion is large target

Muslimin mj

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Quote from: Cryptomultiplier on April 13, 2023, 11:31:53 AM

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

I prefer to invest in altcoins that have high risk. because the higher the risk, the higher the profit we might get. In my opinion, the best long-term investment is BNB. Even though it is not on the list you mentioned, BNB has bright opportunities in the future. besides Bitcoin and Ethereum. However, if I can suggest something that suits the list you have made, choose Dogecoin because there are so many people who have become billionaires just by investing in Dogecoin.

niall51

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Quote from: Cryptomultiplier on April 13, 2023, 11:31:53 AM

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

with that money, apart from BTC AND ETH, I recommend Solana and Doge, these two coins are very popular, now the community often talks about this coin, Solana, with its speed, Doge, with rumors of payments in x. I'm sure that if you hold this coin for the next bullrun it can rise 3-5x, keep in mind this is just my personal speculation, still do your own research

Troytech

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Every other alt on that list is bullshit right now if I really had 40k, nocap bro I'm going all in into bitcoin can you see the charts the pump is on fire and the halving is here yet, we haven't even crossed the ATH yet and If I had that cash I don't see any other coin that would be a better and more garanteed investment right now than bitcoin, it's just like having enough money to buy a maybach bad going for a toyota and an old model at that. What would I be thinking.

Dimitri94

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Quote from: Adreman23 on March 03, 2024, 04:53:33 PM

Quote from: Cryptomultiplier on April 13, 2023, 11:31:53 AM

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

If your aim is to achieve billionaire status through cryptocurrency investment, consider selecting an altcoin with a low market cap. However, bear in mind the high risk nature of such investments. While there's potential for substantial gains, there's also a possibility of significant losses. I refrain from recommending a specific altcoin for you to allocate your $40,000 investment because there's uncertainty regarding its potential for price appreciation. It's advisable for you to conduct thorough research before making any investment decisions.

By today's market analysis if I look at the positions of the mentioned coins each coin is in a fairly good position. Every coin is bullish on the upcoming halving. Every altcoin has already seen Pump. If I had $40,000 to invest right now, I could multiply that investment several times over. I would try to hold some of the top altcoins along with Bitcoin Ether. I believe it will give me good returns in the next few days. I know cryptomarkets are risky but depending on the potential there is definitely a chance to get something good if you can take the risk.

Adreman23

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Quote from: Cryptomultiplier on April 13, 2023, 11:31:53 AM

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

If your aim is to achieve billionaire status through cryptocurrency investment, consider selecting an altcoin with a low market cap. However, bear in mind the high risk nature of such investments. While there's potential for substantial gains, there's also a possibility of significant losses. I refrain from recommending a specific altcoin for you to allocate your $40,000 investment because there's uncertainty regarding its potential for price appreciation. It's advisable for you to conduct thorough research before making any investment decisions.

Bitco55

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If I had 40,000 dollars kept aside for investments then I would have invested in BTC and ETH. But, you've already said that you've grown accustomed to these two, so I presume you already have a balanced income in both of these crypto currencies .

Well, regardless, I would still not go for any other cryptocurrency, shit coin or legit, I'd either still pour money into Bitcoin and (little) into Ethereum or I'd get other assets. There are lots of assets I'd like to have ( personal opinion though) and they are; gold bars and chains, shares in top businesses, and the mining industry. But all you want is another crypto investment, so I'd say you go for Dogecoin.

Moreno233

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Quote from: huu78 on February 05, 2024, 07:26:52 AM

Quote from: GreenStox on January 28, 2024, 09:22:05 AM

but you can't make money spin faster with bitcoin, compared to altcoins.
for now bitcoin is used as the safest alternative, but if it enters at the wrong time, then the person has to wait too.
that's the difference between people who know the market and those who don't know the market.

I also feel the same, I think it is not easy to make a profit from bitcoin now, if someone wants to make a lot of money and quickly, he can use altcoins as one way.
because buying coins is new and still has upside potential.

I disagree with you completely. Even though I know investing in good altcoins is a good choice at this point, I also know that Bitcoin is also a good choice that can give great profit. If I have the funds the OP post and I want to invest all into cryptocurrency, I will still go 70% Bitcoin then 30% altcoins. I will not think too much about investing in Bitcoin as it has already been tested instead I will spend more time in selecting altcoins to invest in because there are many of them and care must be taken to select the ones with huge potential. I will further do 50/50 of the 30% for altcoins in such a way that one part will go into well established altcoins while the balance will go into new altcoins with good potential like the one whose signature I am wearing.

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Quote from: bitzizzix on March 02, 2024, 04:20:50 PM

$40K is a huge amount and everyone will definitely choose Bitcoin and ethereum as their choice in terms of profits especially for the long term, and both coins are also very safe choices compared to other coins or altcoins because of their footprint.
And maybe if it were me, I would also only choose Bitcoin and ethereum because apart from these two great coins the others are still very risky, especially with new altcoins. So we have to be really wise in choosing coins that are safe and can also provide benefits for us, even though it takes quite a long time but it is certain.

The amount of not that great for many people and its depends on where do you live in. But no matter what the amount is allocating some of it for bitcoin will minimize the risk of losing all the funds in case your invested altcoin turns to solvent like luna did. ETH is also safest due to its adoption and massive ecosystem growth.

Topic: If I have $40,000 to invest in one #cryptocurrency. (Read 3657 times)