Topic: investing plan - page 2. (Read 405 times)

Regarding you look first time with bitcoin investment, first way before making investment in cryptocurrency you need an exchange account or wallet use for holding your altcoin or bitcoin assets based on which one worth between bitcoin or altcoin. Current bitcoin halving without five months later, I think Bitcoin is the best investment exactly you have more enough capital around $1500. You need to find which one the best place for saving your investment placed later between CEX exchange or you use wallet such as electrum if you want to invest in bitcoin.

Current bitcoin price still under $36K better spent all your fund for bitcoin and looks risk when investing in altcoin although have high return later than bitcoin but always have high risk when making altcoin as investment assets, however with many respond recommended about bitcoin or altcoin investment not bad ideas for OP make your own research and choose which one more profitable for investing.

It depends on your risk taking ability. If you want very high returns and can take good risks, you should go with alt coins. On the other hand, if you want less risk. and are ok with moderate returns, Bitcoin will be better choice for you.

OP, based on my calculation, $1500 worth of BTC is about 0.042 bitcoin. If you acquire that value of Bitcoin now and during the bull season, when Bitcoin hits $100k, you will likely make a profit of about $2.5k. If you decide to invest that money in altcoin, you never know the possibility of that token being pumped, and if it isn't, that's a total loss for you. Do your own research and choose wisely.

If it's your first time here in the bitcoin world and you want to experience earning here in this field industry, I suggest to you that you dedicate it to Bitcoin, because if you try to start it now, I doubt that you will not experience that you are not earning here on Bitcoin that you will hold until the bull run comes.

Now, if you feel that you want to invest in other cryptocurrencies besides Bitcoin, it is better that you base cryptocurrencies only on the top 20 so that you can be sure that you will get a profit from them.https://coinmarketcap.com/

Just don't forget to do your own research before you actually decide which of the cryptocurrencies you want to buy and hold for the future.

I'm sure many have already suggested investing all in bitcoin or a large percentage of your capital in bitcoin. Well, you can follow that, but it still depends on you, meaning that what do you want long-term or short-term? because if you are going to put your capital to hold bitcoin, then you will need to wait long term before you can get a huge amount of profit. Yes,  anytime you can convert your bitcoin, but you will not utilise the profit potential. then if you want to still earn while holding a bitcoin asset, then you can use the other portion of your capital to hold another alt coin, but still, you need to wait. So I suggest exploring more other things to earn using a crypto currency. You can do trade or staking, and crypto currency or bitcoin itself is a broad industry. You can explore many things that could help you earn.

For holding?
Exactly, it will be for Bitcoin.
Go for Bitcoin and you can get better chance for raising your capital. It also has lower risks compared to altcoins. remember, it is lower risk than altcoins, not zero risks. Because there will be always a risk in investing. So, just be patient in waiting for profits to come later in the bullish period. We just need to be patient and update every now and then to keep up with Bitcoin developments, but don't let it disrupt and shake your holding plan.

This may not be easy because there will definitely be many problems to be faced, but as long as we can maintain it well, then that's it, I think just doing it with Bitcoin is the most appropriate.

Bitcoin is definitely the choice and will be the advice you get the most because people here are mostly bitcoin maximalists. But if you post your question to the altcoin board, I think the answer will be a little different. Therefore, you should decide everything instead of listening to what others say. If you don't have enough knowledge to choose which coin is right for you, you should stop investing and don't invest just because someone else tells you to. Even if you buy bitcoin, you won't be able to keep it for long without knowledge.

OP, there is no question in this; everyone knows that Bitcoin is better than Altcoin. If he has even a little knowledge about crypto, then he must know which is the best option.

If you take my opinion, I will advise you to invest in Bitcoin for holding, but act on your own. Do not take my opinion as financial advice, but as educational. So now let us come to the long-term investment: Bitcoin is a better option for you than Altcoin, and besides my opinion, many public analysts also say that BTC is better for holding. And the reason for this is that if you look at the price of Bitcoin, those who invested in it in the bear market and held it and sold it in the bull market have earned a good profit. And anyway, Bitcoin long-term is bullish. I myself have started collecting the signature payment, and once enough has been made, I intend to sell it in the bull market.

So it means that the only authentic and best investment asset to hold is bitcoin. No guarantee from Altcoin can guarantee that it will really give you good returns in a bull market.

I don't need to hide the truth from you. Bitcoin is the best coin to invest in, and it is only an investment that is good for holding for long periods of time. If I should advise you, I will ask you to invest all your money in bitcoin and never think of any altcoins, because altcoins are just pumps and dumps of coins for a short time, and you may easily lose funds, which will really hurt you. It is not that some altcoins have not also proven to be good coins for investment, but the truth is that nobody knows what will happen while holding the coins for long periods of time. Because of this, some groups of people have control over altcoins, and they can decide to move their money from one project to another. In the past, there have been many altcoins that have gained the attention of people, and people believe much in the coins and invest a lot of money, but at last, the investors end up in tears. An example is Luna Coins, and so on.
 
Op I have suggested to you that Bitcoin is the best crypto investment, and that was based on my understanding and my own research. It will be better for you to do your own research before investing your money in any coins. It is not deniable that many people who want to invest in altcoins are doing it for the higher profits and really forget about the high risk they are taking. But I will say it is better to make a little profit and take little risk than to take a higher risk and lose your funds later
 

OP I would advise you, never invest in altcoins. Because investing in altcoins is more risky. If you invest in altcoins, you may lose your entire money. Investing in Bitcoin is also risky but much less risky than alt coins. However, the chance of losing your entire money investing in Bitcoin is very low, almost non-existent at present. OP, you have thought of investing at the right time, this is the right time to invest in Bitcoin. You can invest Bitcoin with DCA method. If you can hold for 2-3 years, hopefully there is a chance of 2-3x profit.

Since I'm all in on Bitcoin, I will always recommend Bitcoin. The reason is simple, with Bitcoin, you will not have the fear of terrible sharp practices that is prevalent with shitcoins. You will not have the experience of LUNA and you will be dealing on the currency with highest liquidity and acceptance.  Apart from that, the growth is sure and there are many fundamentals lined up to push the price higher. This is indeed the best time to buy Bitcoin.

What's your purpose for the investment?
One mistake most people usually make in terms of investment is not having a plan for the investment that they are about to make. If you have $1,500 today, the question should be: how long are you willing to lock that $1,500 away without having the need to want to spend it some day due to some unplanned urgent needs and wants? If you have a stable income that gives you enough money to sustain your daily lifestyle and expenses, then you can think of the best way to go.
 
If you can hold down the $1,500 investment for at least 1-3 years, then the best advice will be to invest in bitcoin rather than going for altcoins. The price of bitcoin might appear to be a little high as of today and this week, to be precise, but this price should not discourage you from making your investment move. You can either DCA with the fund at hand or you can just use all of it and make your purchases all at once, then lock it up in a private self-custodial wallet and safe guide the phrase until the actual time you want to make use of it.
 
And you also need to train your mind to not always react to the negativity of the market, as once in a while we see a market fall on bitcoin, which we really can't avoid, but don't panic as it comes and goes, and providing that you don't sell your assets, you're going to be safe where they are.

From your post history I think you’re truly sincere about the investment.

If I’m to give you an advise I’ll ask that you go 90% on bitcoin and the remaining 10% on altcoin like Ethereum and the likes of it; if you’re to go for any altcoin don’t go for the ones that are just newly being developed because 99% of them turns out to be scam so just try to go with the ones that have been able to create a name for themselves, that way even if you hold them you won’t be able to amount a considerable loss (since you allocated a small amount to it).

In general, people will advise you to bitcoin rather than altcoins that do not provide good results, precisely what we see the movement of altcoins always follows the direction of bitcoin and that is one of the investments that many people do here.
Never be interested in unclear altcoins, such as new projects that are still pre-sales or memes that are not that important, you need to pay attention to this, never FOMO or follow the hype on other coins besides bitcoin.
If you have not decided on an investment plan and this is your first time entering the crypto world then it is better that the safest way for you to invest is in bitcoin.

Yes knowing fully well that,  next year we are going to have a bitcoin network halven that reduce the total reward on blocks by half of it present block rewards and being possible for quick increase in the value and scarcity of the available Bitcoin that will trigger up a new market trends,  it most important at the point to make sure that any opportunity that we have to spend any tangible amount in investment should be targeted at a balance ground where bitcoin holds the central position and being the most secured among every other Bitcoin will give the ease of investment and waiting time by the ops,  so it is bitcoin all the way.

Bitcoin is the most appropriate for a beginner who's interest is a secured investment most especially in the long term basis that allow the investor time to build his knowledge of the market entirely.

Ask others and there will be more coin options, If I were you, $1500 would be put into bitcoin as the only investment.

Don't care about other coins even though people say it will be more profitable than bitcoin, so my advice is that you choose bitcoin as a good investment, we are never left behind for the current price because it is still said to be low compared to the price next year which will likely increase.
One more place to store is important, so use a hardware wallet to keep your assets safe.

Why you are comparing BTC to alt, no there is no comparison between BTC and alt. Of course, you can go towards BTC if you want to invest and then hold. For holding btc is the best one. Yesterday a person posted I think in the beggainer and help section who is telling about the Bitcoin holding that he invested in BTC sometime ago and recently he made a big profit from it and used it for the profits in his marriage expenses. If you hold it in the BTC and wait until the bullish phase comes then it will return huge profits. But the fund is yours and we don't force you to do what we are saying we are just giving the suggestions the last decision will be yours to either invest it in the BTC or alts.

I would say to invest that money in BTC if you are planning on holding it, because it is the best in terms of risk and volatility. If you are planning to hold for 2 or more years, then I hope you can make 2x or 3x on your investment. There is no doubt that if you invest this same money in alts with proper calculations, you might make 2x or 3x in one day, but that will depend on the trading you are wanting to do.

At the current market price, I can say there are many decent alts in the market that can make more than 2x or 3x on your holdings if you hold them for 2 or more years, but the difference between both is risk. You and I don't get to know when those assets we have invested in will go under the earth, and we don't know whether they can make us twice as much after 2 years or if they can make us twice as much before that period, and that would be our only chance to book profit. Which means we have to be active in the market while dealing with alts.

Holding in BTC becomes less risky, and based on your newbie account, I would suggest you hold your funds by buying BTC and do not buy all at once; instead, buy in parts. Recent news of an ETF is coming, and if that spreads up, we might see BTC reach $40,000 in the next week.

I think majority here, if we have that kind of money will invest on BTC. I mean it's the safe best, at least from my experience point of view. I had invested on alts before, but it didn't turn out good in my end. Maybe I was carried by the altcoin market hype before, and might have push for some meme or shit coins.

But to avoid that kind of FOMO and of course, not losing money, it will be better to go with BTC all in. This is not a investment advise though, you still have to make the final decision.

However, I think majority here might agree with me that Bitcoin is better than anything else.

Are you a beginner, the best advice is to invest all of it in Bitcoin and see how the market will wave Bitcoin and you'll have the idea how everything moves just as it all depends on it. If you heard out newbies made a lot of money with altcoins, they're just as lucky as they start out. The trend has been in their favor and they have never expected that to happen.

Usually, people who have made a lot of money from altcoins, it's either they've known that project for so long or they all suddenly invested in it just because the trend was seen on those. For you as a beginner and don't have any idea yet, it's always best to go along which is the market mover and that's Bitcoin.

Maybe someday in the future, you'll explore with altcoins when you have already seen how the market moves and how more volatile the altcoins are and understands that they're all following Bitcoin.