Topic: I've got $20k to invest. Please recommend! - page 2. (Read 78293 times)

There are risks involved in investing in cryptocurrencies it is better to invest using your own experience you can learn a lot even if it is a loss i think binance is good for investing there is less risk here and especially for those who are new to the crypto market it is a much safer place. It's better to hold on the price of currencies will go up you get good profit if the price goes up and with it you will be able to learn a lot about the market.

Hey mate! This would be my advise to you. A $20k is a lot of money. Focus first on understanding things, studying it before you put your hard-earned money in cryptocurrency or even at any investment platforms or different markets. If you know what you are doing and how does money grow there at the first place then you have higher probability of achieving your goals and growth in your investment. INVEST IN KNOWLEDGE FIRST.

Second, if you are finally having the final decision in putting your money in cryptocurrency market. DIVERSIFY your funds. As they say, do not put all your eggs in one basket. In what way would you diversify?

1. TRADING
2. HODL ALTS
3. STAKING
4. ETC.

This for you to enable to channel your investment funds for short term generating income (trading) to long term generating income (holding alts to staking).

TRADING is one of the hardest way since you can do it manually and honestly, you need someone to guide you. A mentor, so that he/ she might be able and warn you to what his/her errors before so that you'll not end up experiencing the same way he/ she did too. Your biggest enemy in TRADING is EMOTION especially GREEDINESS. So as my first advise. INVEST IN KNOWLEDGE, Try to research more about TRADING and its reality.

Lastly, focus on COMPOUNDING mate! Not 0 - 100, but 0 - 10, 10-20, 20-35, so on to achieve your goals. Ciao!

yes they also have some promo campaign for credit/debit card, something like zeo deposit fee while purchasing crypto

Agree they are well-know exchange, besides as I heard they announced defi platform and already listed UNI token there

maybe the OP doesn't care anymore about this topic.  if I currently have $ 20k then I will invest in an exchange that provides staking like Binance or something else..

In fact, the risk in the cryptocurrency market is very large, but it is worth the profit you get if you are lucky..  if you are very new here, you should first learn cryptocurrencies, do not just believe the opinions and requests of other people who might trap you..

Why are you all so confident in profit? Is this market risk very low? Sorry, I am just a newcomer who just registered. I want to learn more. I don't know much about this investment, or it is speculation?

as all people here, I'm also not recommend you mining - better think about trading or hodl. You can purchase some stable coins, and learn cryptotrading (basics). Don't start trading with difficult platforms like Binance (they mostly have specialized dashboards for professional traders). I trade on cex.io  because they have instant deposit and withdraw with cards, it's important for me

Why do you think that investing in bitcoin and ethereum only bring low profit? Stop being blind like that. Even though bitcoin is high and its price less volatile than before, investing in bitcoin is never a bad idea since it can bring you a huge profit in the future. And ethereum can even have a higher chance to x10 its current price in the next few years. Moreover, they are safer than other shit coins. You can not be sure about which coins will go up and which will decrease dramatically. Therefore, be wise while investing in any fields, including cryptocurrencies. Top 10 coins have a way more potential than other coins combined.

If you want to invest a coin outside those on the top, you need to make a deep research which consumes your time and efforts. If you succeed in finding a good coin, your reward will be worthy and precious. However, I doubt that you can make the right decision in a sea which is full of trash and few fishes

If you only stop at the top coins like Bitcoin or Ethereum, the chance for you to make a profit will be very low. I think it is best to look for new altcoins that have just appeared in this market because those coins will be very profitable if the project is potential. Now the market is not the same as before and people tend to look for something new from the market.

Trading is a process with your investment, if you understand it very well your chance
to grow your are high.
You do your research and make a good assessment before placing your money to any
assets that you will going to use.
It's about how you'll manage utilizing both your loses and profits, you can start small
while studying the process.
Once you are ready and you are already sure that you can excel from this venue of
business, then use your entire capital for a much higher profits.

You can get 10-15% from a bank?

trading is not an investment, but utilizing every situation in a certain time frame. but, you also need to see what coin you chose for it. Well, I also still recommend choosing bitcoin or ethereum. but, if you feel uncomfortable with that, I recommend top altcoin. however, $ 20k is a lot of money, so choose carefully. Well, this applies to those who want to invest or trade.

I also use half of my assets to invest in Bitcoin and the other half I will choose to invest in altcoins or join some new projects to make a profit. However, before deciding to do anything, you should have a detailed plan and set the price to sell to avoid greed when investing. In addition, when investing in new projects, it is necessary to spend a lot of time researching and not in a hurry to invest.

I suggest that you cut it on half. Make an investment to bitcoin if its value went down. Bitcoin will just go up soon so it is safe. Hold it, it will take a while for bitcoin to reach a nice mark to sell your bitcoins that you've been holding. If you're up to gambling and you can control yourself, then it's good. Just know when to stop and when to continue. Since it is a gamble, it's dangerous. You can also do stock tradings if you are experience-enough. Stay calm and make rational decisions. Goodluck!

This page was opened 4years before so it was a huge junk page this forum. Many peoples are concentrate the trading platform because mining is little risk platform and we must analyse the GPU mining cost and current cost. But trading is a little easy to handle all the place and we make good profit on shortly. I hope this year trading is a best platform for investing the crypto currency.

Yea, i think everything is profitable but you have to handle it proper way. Maximum of us start mining without proper knowledge or if we go for investment that also without proper research. So please invest your money when you gain huge knowledge about crypto market that may be mining or trading or IEO investing..etc.

thanks.

Have you tried trading in Crypto exchanges like binance ,kucoin, bitmart yet?
Then I will suggest you invest in trading.And if you aren't expert in technical analysis then just invest in bitcoin.
And learn technical analysis first.

Invest the $20k in crypto, you can invest some in altcoins like Kardachain, oks, snx, I guess these project is good to invest in, currently oks still trading $0.046/coin and will surely pump more anytime soon.

You should seriously explore Atomic Wallet Coin (AWC) with that amount you have you can earn 23% ARP for staking in their wallet. It currently trading on Binancedex which has the highest volume, IDEX, Hoo, and another one which I have forgotten. It is currently trading above $1 and i think It a good option. However, you should be well informed.

   Renampun I agree with you, putting at least 50% in Bitcoin and what is left in alt-coins with great potential is one of the best
investment plans in the world. Nothing can be so profitable in next 10 years as crypto-currencies can, they proven already,
but they can grow a lot more, this is just a beginning, I like to think that we are still in the early stages.
   And I think it would be better to hold all that coins safe in the wallet. I wouldn't think about trying to trade and risk losing them.