Investing my $2000 to altcoins instead of Bitcoin

Bananington

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Quote from: angrybirdy on November 27, 2020, 09:10:52 AM

Since altcoins is in the good condition to buy now, if ever I have that huge amount of money I will invest in the top altcoins. ETH, XLM, XRP and LTC. I have keeping my eye on these altcoins right now since they are previously showing a great increase in price. It would be a great opportunity to buy right now since their price is currently low than before.

You mentioned that prices of ETH, XLM, XRP, LTC is currently lower than before? I doubt if you are following the market presently. I made a lot of profit already holding ETH and XLM in particular. Ofcourse I shifted some of the profit to BTC which is my major holding. I think most people buy coins only when prices begin to go up, which is a wrong concept.

shata

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Quote from: marycrazy08 on November 24, 2020, 04:23:06 AM

Guys, if you have $2k today, where do you put it? Which altcoins? Seems altcoins already rallied high and i dont want to be caught at the high.

There are a lot of potential alternative coins out there where you can buy for spot holdings.

First things first, before thinking what alternative coin to buy, ask yourself, where will I store/ hold the altcoins I hold while waiting for the price to go high? Always check for the exchange where you saw your potential coin to be bought and kept, that is the most important on my opinion. Even if you bought an altcoin multiplied its price multiple times, it doesnt matter if where you put it becomes a scam or hacked without any insurance in it.
Would highly recommend Binance if you want to hold spot on a potential alternative coin you want.

There are a lot of factors to consider when buying an altcoin for spot holdings:
1. Storage (the first thing I mentioned)
2. Product, for what is it used? (Example BNB Coin, product Binance)
3. Community
4. Liquidity
5. Partnerships
6. Etc.

Overall, highly recommend you know how to trade even for the usage of swing positions (more likely as hodl) but since you know technical analysis, you will know levels that there are buyers and sellers which will be your long term advantage.

DarkDays

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Quote from: angrybirdy on November 27, 2020, 09:10:52 AM

Since altcoins is in the good condition to buy now, if ever I have that huge amount of money I will invest in the top altcoins. ETH, XLM, XRP and LTC. I have keeping my eye on these altcoins right now since they are previously showing a great increase in price. It would be a great opportunity to buy right now since their price is currently low than before.

I am with you on this type of thinking. This is what I believe the focus of a good investor would be.

You'd want to take this opportunity to buy these top alts as they have recently ramped up like crazy, so this seems like the best timing to buy in, especially since Serenity will be launched next week.

Genemind

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If I would have that amount to invest, my first choice would be Bitcoin but since you're referring to altcoins, I would choose Ethereum and Ripple. I'll invest $1500 for Ethereum and $500 for Ripple. I have no doubt that these coins could boom in the coming days again if Bitcoin would reach a good price as well. There are still lots of potential top coins that could possibly rise but I trust the foundation of Eth and Xrp based on its past movement.

dunfida

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Quote from: Eddyc on November 27, 2020, 03:30:42 PM

We must maintain the idea of not putting our investment in just one basket, but we must spread it out to branch the possibilities of gains. On the other hand, spreading our investment across several projects could mean a failure in the near future, with the possibility of the market in general suffering a great drop as at the moment.

Splitting into Bitcoin and 4 more projects to seek profits can be a great idea.

Wondering on why people do really exclude out bitcoin into their list? Just because they do aim out for those low cap coins and making big fortunes when it pumped? Yes its possible but
on a very low chance of happening and you should consider yourself lucky when you do able to hit such project even though it isnt a potential one but once it would be hyped up
or been tend to be pumped by some whales then that would be the jackpot but to think on the chance for it to happen which it isnt really worth for the risk.
Diversifying is always been recommendable but be sure to stick out with the best possible option out there.You cant just carelessly choose because the market had been
flooded out by worthless tokens.

Eddyc

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We must maintain the idea of not putting our investment in just one basket, but we must spread it out to branch the possibilities of gains. On the other hand, spreading our investment across several projects could mean a failure in the near future, with the possibility of the market in general suffering a great drop as at the moment.

Splitting into Bitcoin and 4 more projects to seek profits can be a great idea.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

Now OP has got an opportunity to buy altcoins at lower price, as bitcoin has pulled down the market. $2000 is good enough to make a better profit investing on different altcoins that had grown good. Already there is a set of people who are into the cryptospace, and trying to profit out of altcoins than bitcoin which is good in my view.

Tomcolor

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Yes buddy! if i have 2000$ then i want invest in ethereum with my full amount. Actually altcoins market understand very hard if you have less knowledge so for better profits chance in ethereum. Do you know ethereum development run very well so I hope ethereum price will growing in the future.

fvb

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Some altcoins have risen well in recent years. You can invest, the main thing is to conduct an analysis. I recently sold YOUC and regretted it a lot. You need to invest when you are one hundred percent sure. I think ETH will still show good results.

disconnectme

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Quote from: marycrazy08 on November 24, 2020, 04:23:06 AM

Guys, if you have $2k today, where do you put it? Which altcoins? Seems altcoins already rallied high and i dont want to be caught at the high.

Since you picked Altcoins for investing, this is what I advice people, if Bitcoin pump, the gains is going back into ALtcoins, so invest in Top 50 projects in the space, but there are some good projects, Like AXS, Injective protocol and linear finance that have huge potential for growth as Bitcoin price settle down

FireBallex

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Quote from: marycrazy08 on November 24, 2020, 04:23:06 AM

Guys, if you have $2k today, where do you put it? Which altcoins? Seems altcoins already rallied high and i dont want to be caught at the high.

It's not a bad idea but know when to get in, that's all that matters, do not invest when market is surging so high cos you can easily get trapped and have to hold for years before having another opportunity to sell without losing too much, some buy Bitcoin at 19k in 2017, they had to hold and probably sell this year just to get their main money back.

BDBitcoinExpart

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(26/11/2020).. Nearly $1.9 billion worth was liquidated in the last 24 hours. By far the most on Binance damaged the market- about $840M. As the price of Bitcoin started to drop, inflows into exchanges spiked. This indicates that whales, or high-net-worth investors, were selling heavily on major exchanges, including Coinbase. But I never sell BTC, until I need to cash out for groceries or need to take out initial investment. I keep my portfolio always in BTC, with aim to increase by BTC rather than focusing on dollar value. And in my experience I have seen most people who try to swing from BTC TO USDT THEN USDT BTC during high volatility end up getting rektd. So won’t advise anyone to do it unless they are really good at speculating top and bottom.

angrybirdy

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Since altcoins is in the good condition to buy now, if ever I have that huge amount of money I will invest in the top altcoins. ETH, XLM, XRP and LTC. I have keeping my eye on these altcoins right now since they are previously showing a great increase in price. It would be a great opportunity to buy right now since their price is currently low than before.

maximumcoin

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Quote from: marycrazy08 on November 24, 2020, 04:23:06 AM

Guys, if you have $2k today, where do you put it? Which altcoins? Seems altcoins already rallied high and i dont want to be caught at the high.

Choosing Altcoins right now is a wise decision than put them on Bitcoin because Bitcoin had almost reached its old peaks and the profit it bring to you is less than the risk. But you should be carefully to choose some Altcoins because there are some Altcoins which had increased strongly in recent days and it would be better if you wait when the short correction is coming to end (may be early next week)

otto93

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I would choose TWT, CAKE AND BNB in no peculiar order. Am bullish on TWT in the long run and same with BNB, it's long we see bnb at three figures and more

2tang

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Quote from: marycrazy08 on November 24, 2020, 04:23:06 AM

Guys, if you have $2k today, where do you put it? Which altcoins? Seems altcoins already rallied high and i dont want to be caught at the high.

If I had a fund like you, of course I would prefer to invest in ethereum, litecoin, and also BNB because these three altcoins have been my favorite altcoins for a long time, and we all know that these three alt coins are of considerable value. current market cap, but still, I will set aside half of the funds I have for me to invest in bitcoin as my long-term asset. I think now is the right time to spend $ 2000 you should buy some alt coins in the market because the market conditions are currently bearish.

tarable

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Quote from: mou20 on November 26, 2020, 08:48:03 AM

My advice is you can put your $ 2000 low cap Altcoin with a good background,
STX, XLM, LINK, ONT, OCEAN that's a good project in low cap.

Very good advice, but sometimes other people will also consider his own advice by choosing what token he likes, because it is entirely his capital, so in the end all options are in his own hands even though many people have made suggestions.

KnightElite

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I suggest that you should do a great planning wherein you know what coins that you will buy, when will you enter and when you will sell the coins that you bought. Investing in altcoins is good as long as you have plan because it will serve as guide to execute your orders perfect. Focus on buying high market cap altcoins to give you a small guarantee because usually those low market caps are those altcoins that keep experiencing dumps so I suggest to avoid it because of the high risks. Do not also believe on tips and rumors especially from the self-proclaimed guru who keep deceiving a lot of investors and traders.

ije07

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if I had that kind of money then I would invest it in some of the top altcoins especially ethereum, BinanceCoin, LITECOIN, TRX, EOS. I think some of the top altcoins are very viable in the long run, especially at the moment the prices are dumping so this is a good opportunity for you to buy them.

istiak2277

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Quote from: marycrazy08 on November 24, 2020, 04:23:06 AM

Guys, if you have $2k today, where do you put it? Which altcoins? Seems altcoins already rallied high and i dont want to be caught at the high.

If you are an investor then you must have a plan for your investments. Others may have a different plan but I am sharing my plan with you. If I have 2000$ then 50% of its that's mean 1000$ will be for Bitcoin. from the other 1000$ I would invest 400$ in ETH and with the rest of 600$, I would do trade with it with my favorite alts. My plan will be for that 600$ is, I will buy any alts with 200$ and wait for the profit if market dumped I would buy more with the rest of my balance. That way my average buy will be below my first buy.

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