Topic: If I have $40,000 to invest in one #cryptocurrency. - page 20. (Read 3654 times)
I wouldn't give you any advice, it's a big pile of money and you're the only one who's responsible for it. But I'd buy 2 ETH and Bitcoin with the rest of it. And that's if I HAD to purchase crypto with it, or had a lot of other money to use.
For me based on your list. It could be matic. This project has a strong fundamental and has been one of the best contender among the L1 out there. But obviously the top 2 still the best one bitcoin and ethereum since both of these two are very strong but these are already too high in valuation. Maybe better if to divide your budget into 3 to 4 assets and pick a mid tier project that still in low cap if you are after the multiplier on the next bull run season.
Not interested invest with altcoin have drop under 50% from all time high price like Solana coin, I don't think recommended for investing in Sol coin because their price drop almost 60% from ATH above $200. Current Sol price right now around $20 and I don't think easy get positive feedback from investor for investing in Sol coin again.
If OP have $40K better invest on Bitcoin only because right now seems excited with drop and up price few percent in daily day, more profitable and low risk when investing in Bitcoin than push our fund investing in altcoin have bigger risk waiting for when dropping lower price very difficult back to higher price or to all time high price.
If OP have $40K better invest on Bitcoin only because right now seems excited with drop and up price few percent in daily day, more profitable and low risk when investing in Bitcoin than push our fund investing in altcoin have bigger risk waiting for when dropping lower price very difficult back to higher price or to all time high price.
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*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?
How long have you been planning in case? because there are many things to consider , like Meme coin like DOGE and SHIB in which sometimes being pumped and can be easily a money making (unless you are willing to risk)*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?
but all in all? i think it is NEAR that is best for your target, it can be a good run specially that this is one of the best for the future.
(....)
- $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?
Among the list, I highly suggested you allocate more or a high percentage of your bag to high market cap cryptocurrency, which is Bitcoin and Ethereum.- $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?
Then after that, you select some quality altcoins but I suggest you start with a small amount. Because for me, these altcoins are high risk, and high reward, so be careful.
With $40,000 i will invest it wisely. I would invest in the top 20 crypto currencies including BTC, ETH and others. But right now I would rather stake it first in a stable coin and wait for the market to go down before i will invest it. The market is so really unpredictable i don't want to loose another batch of investment. Experience is a great teacher, lesson learned. I believe that the current price right now will be corrected.
Your list of coins belongs in the top 50 so they are somewhat safe from huge pumps and dumps. Bitcoin and Ethereum are always the leading picks nowadays since they are proven over time. But if you are expecting your $40k to turn into a billion in the next 5 years, I doubt it will. Your capital needs to do the magic of x25,000 in order to turn into a billion. And those coins in your list are already worth billions. Bitcoin and Ethereum are not even expected to x100. If you want to become a billionaire with that same amount of capital, you might want to buy new coins or coins that are only worth a few million so that you gain x100+ when it pumps. Huge risks though and there is a chance of your capital becoming worthless. Maybe allocate $10k to these types of very risky coins for you to become a billionaire.
First, I do not advise you to spend 40,000$ to invest in one currency only, it is better to diversify, but if you are convinced of the idea of Bitcoin, it is definitely the best option.
I'll put that all in one basket and that's Bitcoin. But the goal OP is ambitious and I've never thought that crypto will make me a billionaire even for Bitcoin.If someone still believes in the power of meme coins, this could be the gamble of your life. But I'll take a safer route and that's to only buy bitcoin with that amount and if I'll diversify that, maybe just $1k-$5k or even $10k but for the likes of Ethereum. Maybe BNB could also be a good choice but then aside from those choices, matic is what I'm interested in as of this moment.
Well of course bitcoin but if you are looking for something else I'd say matic. It didn't have too big of a pump and think the way this project has progressed a big price increase is coming. They haven't slowed down during the whole bear market. Probably a good play for this next market
Bitcoin is the only safe cryptocurrency coin I can invest my money into irrespective of what people may think about Bitcoin. We know Bitcoin has huge influence in the cryptocurrency market and if Bitcoin does not move, it will affect other crypto projects too that are in the market. There are also good crypto projects too that are also reliable and unique when we buy and hold them but the problem is that we don't know what the future has for us.You might buy them now and hold for long and eventually you heard that the project had crashed. The market is very competitive and risky for the greedy ones.
Investing only in one currency with that huge amount? I have no choice but to take BTC as it was the safest coin in crypto.
But honestly, I could think about putting that amount of money in a single investment as it was advisable to spread them into some altcoins like ETH and BNB.
If someone will choose to invest it solely into an altcoin, he'll be taking a huge risk more than the risk with Bitcoin.
But honestly, I could think about putting that amount of money in a single investment as it was advisable to spread them into some altcoins like ETH and BNB.
If someone will choose to invest it solely into an altcoin, he'll be taking a huge risk more than the risk with Bitcoin.
The dilemma here is that the OP wants to be a billionaire from his investment.
That's like punch in the air, as he wants a huge profit from his $40k initial funds.
On the note of crypto he needs to invest in, should always diversify his portfolio to valuable coins.
But should not expect that he will be millionaire or billionaire from such investments.
This is the reason why many new comers in crypto are getting it wrong, thinking that this market is a gold mine.
Investing only in one currency with that huge amount? I have no choice but to take BTC as it was the safest coin in crypto.
But honestly, I could think about putting that amount of money in a single investment as it was advisable to spread them into some altcoins like ETH and BNB.
If someone will choose to invest it solely into an altcoin, he'll be taking a huge risk more than the risk with Bitcoin.
Might some put money in a single coin, some rich people do but must be sure that we don't store it in a single wallet for the safe keep as this is one of the targets of hackers.
But honestly, I could think about putting that amount of money in a single investment as it was advisable to spread them into some altcoins like ETH and BNB.
If someone will choose to invest it solely into an altcoin, he'll be taking a huge risk more than the risk with Bitcoin.
Might some put money in a single coin, some rich people do but must be sure that we don't store it in a single wallet for the safe keep as this is one of the targets of hackers.
First, I do not advise you to spend 40,000$ to invest in one currency only, it is better to diversify, but if you are convinced of the idea of Bitcoin, it is definitely the best option.
Secondly, the list seems appropriate to me, these currencies are reliable and have always been profitable. Of course, Bitcoin and Ethereum are the best option. I can add some altcoins such as APT, ARB, OP. I think they can be good in the future.
Secondly, the list seems appropriate to me, these currencies are reliable and have always been profitable. Of course, Bitcoin and Ethereum are the best option. I can add some altcoins such as APT, ARB, OP. I think they can be good in the future.
That’s a small money for you to become a billionaire but considering the hype of the project and if you are willing to take the risk, you can just hold $SHIB and $DOGE since these two meme tokens are being hyped always so there’s a probability that you can become a Billionaire of the price of this token reaches $1, though of course you have to consider everything since their supply is big so we might not see $1, but who knows? If its your free and extra money then investing it with them might be worth it after 5 years.
Well of course bitcoin but if you are looking for something else I'd say matic. It didn't have too big of a pump and think the way this project has progressed a big price increase is coming. They haven't slowed down during the whole bear market. Probably a good play for this next market
Target the millionaire first before the billionaire.
You are in the right direction if the majority of your money is in Bitcoin and Ethereum. There's a big chance the million-dollar target will come true there.
Now what else could make you some money?
I do believe Doge could make it happen but only if you know how to trade. How? Follow Elon Musk. That guy could make the Doge market swing at a price that nobody expects with just a normal tweet including the Doge name. His followers are always hyped whenever he does it so you will try to go the other way whenever he does. Buying when he is silent and selling when he goes loud.
You are in the right direction if the majority of your money is in Bitcoin and Ethereum. There's a big chance the million-dollar target will come true there.
Now what else could make you some money?
I do believe Doge could make it happen but only if you know how to trade. How? Follow Elon Musk. That guy could make the Doge market swing at a price that nobody expects with just a normal tweet including the Doge name. His followers are always hyped whenever he does it so you will try to go the other way whenever he does. Buying when he is silent and selling when he goes loud.
SOL is out of the choice, they're no good honestly.
Why it seems that we already know the answer but we're removing bitcoin on it. But the aim is to become a billionaire? Well, that's really gonna need some serious choice from the altcoins.
Since you want to have some tremendous growth, I don't know if that will be enough if the choices will be filled, it should be a project that has never grown and pumped yet.
Why it seems that we already know the answer but we're removing bitcoin on it. But the aim is to become a billionaire? Well, that's really gonna need some serious choice from the altcoins.
Since you want to have some tremendous growth, I don't know if that will be enough if the choices will be filled, it should be a project that has never grown and pumped yet.
*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?
*What advice would you give me?
*What advice would you give me?
First of all 40k$ is a very big amount of money for your first investment into crypto, so congratz to have that many funds to invest. My very first advice would be to only invest those 40k$ if you can afford to lose them and if you really don't need them for your daily life. In crypto it is still very much possible that you will lose all of your funds because of a hack, a rugpull or whatever.
Also i would not expect to become a billionaire, if you have such high expectations then you will only be disappointed. To become a billionair your investment would need to make a x25000. I heavily doubt that this will happen.
I personally invested into NEAR and Cosmos in the last few weeks because i think they have potential to grow.
$DOGE
$SHIB
Im not really that a fan of meme coins but once these fellas would be having that kind of hype then for sure it would really be going up into the ceiling but of course you shouldnt
be expecting something about being a billionare with just having $40k unless if you do go with some shitcoins or degen coins then theres a chance but we know that
its not something that recommendable since its just too risky and not really worth.
Actually these both meme coins are having their possible use case though.
DOGE- Possible currency of twitter (assumption)
SHIB - Have their Shibarium on the works.
$SHIB
Im not really that a fan of meme coins but once these fellas would be having that kind of hype then for sure it would really be going up into the ceiling but of course you shouldnt
be expecting something about being a billionare with just having $40k unless if you do go with some shitcoins or degen coins then theres a chance but we know that
its not something that recommendable since its just too risky and not really worth.
Actually these both meme coins are having their possible use case though.
DOGE- Possible currency of twitter (assumption)
SHIB - Have their Shibarium on the works.
I can divide the currencies you mentioned into groups and thus make it easier for you:
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.
- $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.
Hope so you know that altcoin is a gamble and is a high risk, while some investors are carried away by the high profits possibilities in some altcoins it is good to note that you can as well lose everything in a bid to reach that profit.
Its quite good that you already have the best investment assets on the top of your list but it is important to note that you must give a high percentage of your investment capital to Bitcoin and risk a substantially small amount on another asset on that list because most of them have a high percentage of risk that you can lose some or all your money since their centralized.
Its quite good that you already have the best investment assets on the top of your list but it is important to note that you must give a high percentage of your investment capital to Bitcoin and risk a substantially small amount on another asset on that list because most of them have a high percentage of risk that you can lose some or all your money since their centralized.
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