Hello
i am little bit confused and already loss many opportunity. i have reserve of hardcarsh approx 6000$ or maybe 7000$ i want to invest in crypto and hold about 2 years you guys can you suggest me which coin should i buy and stock for 2/3 years and why ?
all types of suggestions will be appreciated please contribute it will help lot of other peoples .
Last story :
i am using of bitcoin since 2011 even i sold my bitcoins at 20$ --> 1 Bitcoin i was getting lot of payment minimum was 250$ to 1800$ each payment
but i was unlucky never expected that boost in bitcoins and i missed this chance
also in February 2017 my friend came and told me to buy ETC and ETH and hold them for 8 or 10 months i buy approx 4000$ ETC and hold them for 2 months then sold it was really good profit but ETC was going down so i was affaired from loss and i sold all .
now i am really ready to invest in any coin but i will take this decision which should i buy please mention coin name also tell me reason thank you
If a coin's price falls, it is not the meaning of that you lost your money. If you sell your coins with the panic, yes, this is the loss. In my opinion, being cold-blooded and being ready for every kind of results is the key when you trading with cryptocurrencies.
I agree with you. So many people come from standard stock & bonds markets, they are not used to the volatility that this market has. One day your portfolio is up 50% the next it is down the same amount. You just need to be patient enough for the asset to recover, a loss is only realized once you sell.
For the topic, if you want stability, probably eth and btc.
I can currently recommend Siacoin and Pascal, but thats subjective, because I like their products/idea.
My best recommendation for you is to read up on as many coins/projects/ICOS (pre-sales can be very profitable) and make a decision based on if you like the project or not, or if they already have a working project with real value and that is scaleable.