If you had 4,000.00 USD, what would you invest in? - page 10.

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Quote from: TheGreatPython on April 06, 2021, 04:22:55 AM

Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?

I'm just curious to see what kind of opinions I would get in a forum like this. I'm hoping that I might learn something as a beginner in the crypto world as a result of putting this question out there.

If I have $4000 to invest only I am going to invest it all in bitcoin. Although that depends on when I actually got the money, because there are times I don’t like investing at all in any cryptocurrency or asset, I always make sure that I am investing at the right time, but bitcoin is definitely what I am going for.

And if I feel like I should add extra cryptocurrencies (altcoins) to the investment I have done, then I am going to invest in Ethereum or Litecoin. I don’t worry about other cryptocurrencies, although there are a few others I do like, but Bitcoin is what I buy most of the time.

Buying coins on high is not the right choice for investing. How many times should the price of BTC increase in order for this 4 thousand dollars to turn into 50 thousand? I am sure that in the near future we will not see such an increase in the price of bitcoin. But such a price increase from new altcoins is possible. Therefore, you need to direct your investment in such coins.

ethereumhunter

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Quote from: cabron on April 05, 2021, 11:36:42 PM

Quote from: ethereumhunter on April 05, 2021, 09:08:40 PM

Having $4k is enough to invest in crypto. You can buy bitcoin, ethereum, BNB or you can invest in bitcoin, DOT, ADA, TRX or you can research to find what coin you want. Your $4k will have a chance to buy 5 coins or more coins at the same time, but if you can not manage all of that coins, then 3 coins will be good enough to hold. I suggest you use some amount to trade so you can increase the amount while you are waiting for the price to increase and break the new highest price.

If this $4000 of him are savings which he won't be touching for months, its going to be good to invest one of the tokens you suggest and stake. Its like waiting for the price to go up and also earning tokens at the same time. But he isn't asking which crypto to invest though.

But if he will just keep cashing out, its best to just watch a BTC trading crash course and then trade to earn USD. All the time if he learns it quickly.

The first thing he asks us is where to invest, so I give him a list of the coins to analyze. That will give him many chances to buy any coin he wants. He said that he already has 6 coins, but he sees the value is from $5-$10, and he wants to invest more. The second thing is he is slowly saving up $4k to start investing in the future, and he already got $1,200 saved up from that goals, so I think he can save more until $4k.

I will not suggest he trade, especially if he does not have much experience and trading skills, because that can make him get lost many times. Maybe the investment will be the right thing that he can do right now, but it does not mean he can not learn to trade more details.

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With my current knowledge about bitcoin and cryptocurrency, I don't think that I would just put it all in bitcoin since there are a lot of NFTs and other projects that are currently having a lot of potential so I would probably split it in about a half on bitcoin and the other half spread across different altcoins and NFTs.

TheGreatPython

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Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?

I'm just curious to see what kind of opinions I would get in a forum like this. I'm hoping that I might learn something as a beginner in the crypto world as a result of putting this question out there.

If I have $4000 to invest only I am going to invest it all in bitcoin. Although that depends on when I actually got the money, because there are times I don’t like investing at all in any cryptocurrency or asset, I always make sure that I am investing at the right time, but bitcoin is definitely what I am going for.

And if I feel like I should add extra cryptocurrencies (altcoins) to the investment I have done, then I am going to invest in Ethereum or Litecoin. I don’t worry about other cryptocurrencies, although there are a few others I do like, but Bitcoin is what I buy most of the time.

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Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?

Binance coins is doing some impressive numbers, I can remember when I first bought it earlier this year it was trading around approximately $40 and now it's way above $350 and heading towards the $400 milestone which is a 1000% return of investment ($4000 turned $40,000) assuming you bought earlier this year. With $4000 I think I'll still be going all in in BNB, they have room for more growth and the development going on with the Binance smartchain isn't slowing down anytime soon.

Although their blockchain isn't decentralized as they claim, yet they're doing some impressive numbers and the last time I saw such development ongoing was with ethereum which saw it grow massively. BNB is on similar part, in couple of months, chances are another 100% could be achieved if I use the funds to buy into bnb now.

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Quote from: ethereumhunter on April 05, 2021, 09:08:40 PM

Having $4k is enough to invest in crypto. You can buy bitcoin, ethereum, BNB or you can invest in bitcoin, DOT, ADA, TRX or you can research to find what coin you want. Your $4k will have a chance to buy 5 coins or more coins at the same time, but if you can not manage all of that coins, then 3 coins will be good enough to hold. I suggest you use some amount to trade so you can increase the amount while you are waiting for the price to increase and break the new highest price.

If this $4000 of him are savings which he won't be touching for months, its going to be good to invest one of the tokens you suggest and stake. Its like waiting for the price to go up and also earning tokens at the same time. But he isn't asking which crypto to invest though.

But if he will just keep cashing out, its best to just watch a BTC trading crash course and then trade to earn USD. All the time if he learns it quickly.

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Quote from: 6erth6rind6ain on April 05, 2021, 07:51:02 AM

Quote from: Ziskinberg on April 05, 2021, 07:10:33 AM

Are you willing to lose that $4,000? I'm just in doubt honestly because it was a big amount for a newbie to start in crypto and especially during this bullish season.

Anyway, This is only I could suggest,
Spread your funds to different coins, not only for Bitcoin. It is too late for you to start investing in Bitcoin, it is already at its peak and anytime it drops again making to lose your investment. It could be safe to have some altcoins then as for back-up if the case like that will happen, will never know.

I don't actually have 4,000.00 dollars to invest in. I own six different types of crypto but they're in amounts of 5.00 USD or 10.00 USD. However I'm slowly saving up 4,000.00 USD so I can do some more serious investments in the future. So far, I got 1,200.00 saved up toward that goal. I'm hoping that by the time I have 4,000.00 to invest in, I'll know what to do with it.

Do not save money until you reach 4000.

just dca your coins.

Dollar Cost Averaging. in your case take 50 bucks and buy some btc . do it 24 weeks in a row.

At the same time save money on the side.

after 24 weeks see what you saved.
see what the btc you bought did.
come back here and post your totals.

ethereumhunter

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Having $4k is enough to invest in crypto. You can buy bitcoin, ethereum, BNB or you can invest in bitcoin, DOT, ADA, TRX or you can research to find what coin you want. Your $4k will have a chance to buy 5 coins or more coins at the same time, but if you can not manage all of that coins, then 3 coins will be good enough to hold. I suggest you use some amount to trade so you can increase the amount while you are waiting for the price to increase and break the new highest price.

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Quote from: examplens on April 05, 2021, 02:37:41 PM

When say, hold for years and years but when it's time to sell it? How long to hold?
If I am 40yeras old (for example) and holding BTC next 15 years. it is obvious that the value will be many times higher, but what to do with money with 55 years of life, I mean you can do much less with that money, right?
This is not my clear opinion, more something like a dilema.

If you're only owning bitcoin solely for the price increase, then sell it when you're happy.

On the other hand, if you want true ownership of your money and don't like to rely on banks 100% of the time, then this sort of "meme" pretty much sums it up:

But of course, since we're all getting older, it's also good to sell small chunks here and there to be able to enjoy life. Because what is money if you somewhat can't enjoy it in the first place?

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Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?

I'm just curious to see what kind of opinions I would get in a forum like this. I'm hoping that I might learn something as a beginner in the crypto world as a result of putting this question out there.

Keep in mind thought that I already understand 3 things:

1. Never invest any amount of money that you can't afford to lose, because crypto markets are so volatile that it's a risk no matter what you do, and I get that.

2. I'm not asking you to tell me which crypto to invest in, just curious what your opinion is.

3. I understand that what I do with my money is my responsibility, and nobody else's, and the results of my investment(s) whether good or bad, is on me.

If I have an opportunity to use that money for good, and $4k usd isn't bad at all because that's a huge amount. But, bitcoin price was still at higher level value so it's good to look for potential altcoins which could rise while it's not yet pumping.
By the time you got your profit, wait until such time bitcoin go back down and reinvest.

cryptolord2077

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See how current trends are developing and invest in them. BNB is definitely a good choice, 20% go there.
Bitcoin certainly deserves 30%. Ether as the largest Ecosystem also deserves 20%. I would allocate 15% for half a DOT and another 15% for UNI.

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Quote from: repear7 on April 05, 2021, 11:30:13 AM

I think investing in BTC and BNB is good at this time. I would invest $2000 in BTC and $2000 in BNB. Price of BTC will increase more very soon. And BNB starting to pumping, I think, BNB also will hit a big price.

Provided that we know how to trade responsibly and have time in monitoring the chart we can buy BNB, bitcoin will never be a question to invest with, the price in the future will be more as adoption happens but BNB can change from time to time depending on the exchange performance. It can be 60% to BTC and other 40% to not fully invest but for trading purposes.

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Quote from: repear7 on April 05, 2021, 11:30:13 AM

I think investing in BTC and BNB is good at this time. I would invest $2000 in BTC and $2000 in BNB. Price of BTC will increase more very soon. And BNB starting to pumping, I think, BNB also will hit a big price.

Such an investment in BTC and BNB will be one of the safest in terms of saving the deposit. But the profit here will be limited to perhaps a few tens of percent. This is a large profit when compared with traditional banks, but incommensurable with the one that can be obtained with a successful investment in altcoins.

examplens

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To the OP, I'm pretty sure it's best if it's a Bitcoin minimum of 60% of your portfolio, he carries the least risk.
All other alts can bring you high profit but also can be worthless in a very short time.

Quote from: mk4 on April 05, 2021, 07:48:57 AM

Bitcoin. It should be pretty obvious. Is there even any better coin with the best risk:reward ratio out there? I don't think so. Personally, I'd just lump sum buy that $4k USD into bitcoin right now and just hold it for years and years and years and let demand and the scarcity to do the magic.

When say, hold for years and years but when it's time to sell it? How long to hold?
If I am 40yeras old (for example) and holding BTC next 15 years. it is obvious that the value will be many times higher, but what to do with money with 55 years of life, I mean you can do much less with that money, right?
This is not my clear opinion, more something like a dilema.

lichig

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If the goal is investing mid term (3~5 years): Personally, I would invest that amount diversified between BTC and ETH. Maybe 60% on BTC and 40% on ETH.

Now we are probably arriving to the top of a bull run, but institutional investment, like Tesla's, clearly suggest that price will continue to raise after the next correction.

Ethereum in the other hand, is supporting many crypto projects, so if it fails, it will bring many project down with it which in my opinion is a very unlikely scenario.

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Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?

~snip~

Could you be a trader? If so then I think you need to split the money. $ 4K is a lot of money, divide it for the long and medium term maybe scalping and backing up. For long term coins I choose BNB and BTC. Even though BTC is expensive, you may need a little patience to have it. Regarding BNB, they are real and developing products, I think the next few years will be the same as ETH. All decisions are yours, take the steps you think suit you best.

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Investing any amount is not a difficult task. The important thing is to find out how much profit you will make from your investment and whether the project has that capacity. A new crypto user does not know the details of the market, so they invest everything in various projects without doing any research.

From crypto you can make huge profits by investing in the right projects, similarly, if you invest in the wrong project, no one will be able to save you from huge losses. So it doesn't matter how much money you investing on any project, it matter how promising the project you are investing in is.

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Investing $4000 is risky if you don't afford to loose that much in this highly volatile market of Cryptocurrencies.So I would suggest not to put all your eggs in one basket and portfolio diversification is key factor in trading but you should choose wisely different coins that have future ahead with growing demand and development.I would not suggest you to invest in any shitcoins in the market and you can have a look at the past graphs of coins and have regular follow up of their technical leads before investing.Some of the top coins of CMC like Bitcoin,ETH,Litecoin,DOT will eventually give you profits in the long run so you could definitely invest in them.Rest decide your own future.

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I think investing in BTC and BNB is good at this time. I would invest $2000 in BTC and $2000 in BNB. Price of BTC will increase more very soon. And BNB starting to pumping, I think, BNB also will hit a big price.

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Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?

I'm just curious to see what kind of opinions I would get in a forum like this. I'm hoping that I might learn something as a beginner in the crypto world as a result of putting this question out there.

Keep in mind thought that I already understand 3 things:

1. Never invest any amount of money that you can't afford to lose, because crypto markets are so volatile that it's a risk no matter what you do, and I get that.

2. I'm not asking you to tell me which crypto to invest in, just curious what your opinion is.

3. I understand that what I do with my money is my responsibility, and nobody else's, and the results of my investment(s) whether good or bad, is on me.

I will choose to buy BNB, as you know, BNB is currently planning to burn, and will automatically target them to follow Ethereum. there is a possibility that holding BNB in the long term will be very effective.
why not Bitcoin and Ethereum? I think for the current price, entering in the middle of a bullish is not the right choice,

Quote from: 6erth6rind6ain on April 05, 2021, 05:36:07 AM

2. I'm not asking you to tell me which crypto to invest in, just curious what your opinion is.

and the funny thing is that if you want other people's opinions, then you have no right to say that. because you want to receive an opinion or just want to have a reference for you to research? Aren't you better off not asking questions, and getting to the point. because our perspective here will be different.

really very ironic. Grin

LOL

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