Junior students ask for advice: what money is worth investing now, and what mone

Koutami

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

Take a look at Polkadot, its very potential, when the bullish come back im pretty sure DOT will surpass last ATH and will go to price discovery mode.
It could lead to the sky without limit, could be x2 from ATH or more.

Silberman

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Quote from: Digital_Lord on June 15, 2021, 12:48:01 PM

If you are finding any long term coin then you should invest in most famous coins. e.g. Bitcoin, Ethereum, Binance Smart Chain, ADA and Matic. These are strong project and most famous coins for long term. If you check their chart you will find that they keep growing and still haven't stopped. So choice is yours I am only telling you my opinion.
DYOR NFA

You are not recommending bad coins however when it comes to such a long term we must remember that this market is relatively young especially if we compare it to other markets that have been around for more than one hundred years so anyone that is interested and willing to hold for that long needs to only hold bitcoin, as it is the only coin we have any guarantee it is going to exist for that long, while the other coins as good as they are could disappear despite their strength.

Digital_Lord

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If you are finding any long term coin then you should invest in most famous coins. e.g. Bitcoin, Ethereum, Binance Smart Chain, ADA and Matic. These are strong project and most famous coins for long term. If you check their chart you will find that they keep growing and still haven't stopped. So choice is yours I am only telling you my opinion.
DYOR NFA

Silberman

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Quote from: Renampun on June 12, 2021, 05:22:09 PM

I personally prefer to invest in coins that have a chance of mass adoption...

besides Bitcoin you can invest in polygon matic, tron, polkadot, bnb or bch for the long term. you buy some now and hold for the next 5 years, surely you will see a high increase in the coins I mentioned but still DWYOR.

If you know what you are doing then that is fine my problem with this is that newbies try to do something like this and this is a problem as they do not really know what they are doing, also it seems they seem to think they can actually buy one coin and not check what is it happening with it for five years and we know this is not the case, for example we know that developers reissue the coins from time to time because they made an upgrade and if you do not exchange your coins during the time limit then you lose them, so you need to check what is happening with the coin at least once a week.

Renampun

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

I personally prefer to invest in coins that have a chance of mass adoption...

besides Bitcoin you can invest in polygon matic, tron, polkadot, bnb or bch for the long term. you buy some now and hold for the next 5 years, surely you will see a high increase in the coins I mentioned but still DWYOR.

Silberman

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Quote from: semobo on June 11, 2021, 10:44:10 AM

Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

Everyone is a learning kid in the crypto industry because no one can ever say that which coin is going to be the future coin like bitcoin or ethereum, I would say the chances of another coin to emerge over the existing ones because there is no uniqueness on the new projects, all of them created as profit-making by few groups of people.

Just invest in bitcoin then you won't be disappointed in the next 5 years.

Everyone is always looking for the next bitcoin and ethereum which is why they invest in new coins all the time, but even if there is a chance that a new project emerges and makes it to the top 10 we need to consider how many coins are created each year and the very low odds that we are going to select it among so many coins, with that in mind it is better to play it safe and invest in good coins, after all at some point bitcoin made 12x in a single year, if that is not enough then that person is simply too greedy.

wxa7115

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

You are taking the wrong approach with this, I understand that you want to find the next big thing that will take over the market and make you a fortune, after all who does not like the idea of something like that happening to them?

But this is unlikely especially when your knowledge about the market is so limited, what we need to do is at first to concentrate on the market leaders like bitcoin, only once you have proven to yourself you can make money long term with the best coin in the market you could have a chance to invest in other coins, but before you do that do not bother with other coins.

sapnu

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

That is a risky move to be honest knowing how hard it is to determine which coin will still make it after five years. There's a huge possibility that bitcoin would surely make it through considering its stability and position right now. Ethereum has a huge chance of survival too if ever it can follow through bitcoin like it always did. Other altcoins has a lot of potential too, just take a look at other investors suggestions and make sure that they are worth your trust and time. After all, investing has always been a risk so if you are planning for a five year time capsule, might as well rethink if maybe you can start earning already right now.

semobo

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

Everyone is a learning kid in the crypto industry because no one can ever say that which coin is going to be the future coin like bitcoin or ethereum, I would say the chances of another coin to emerge over the existing ones because there is no uniqueness on the new projects, all of them created as profit-making by few groups of people.

Just invest in bitcoin then you won't be disappointed in the next 5 years.

Erdogan

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The best way to see which coin is best for investment is by spending some time in crypto market and see how market is behaving. Read about news and updates regarding different coins. Another good source is this forum, spend some time reading what experts are saying about crypto. Dont just seek advice here and act.

Silberman

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Quote from: leea-1334 on June 07, 2021, 05:42:35 AM

Quote from: tabas on June 03, 2021, 02:12:43 PM

Are you skipping bitcoin? you look at altcoins and then you're wanting to have a long term goal in this market. If that is so, bitcoin is the ideal choice of yours.
It's been proven by me and the others who have held it for more than 5 years which is your goal. In the past it was quite cheaper but as time goes, you see the progress of it and there's more to its price today which shall increase in the future.

Yes,,, but maybe because this is the altcoin speculation thread? Wink

You are right though,,, Junior students or old man, if this is your first time in crypto, do your own research BUT meanwhile buy Bitcoin until you are more confident and know for sure what to invest in. Everything else is a bigger risk (yes bigger potential for profit too but you want to be safe as a first timer).

This should be the norm and yet things are changing, when bitcoin was worth a few hundred dollars people still thought of it as a cheap coin and they had no problem investing in it and hold it for the long term, and only after some time passed they decided to move part of their money to altcoins, however now the price of bitcoin is so high that many of them decide to skip bitcoin and go directly to altcoins, something that seems like a terrible idea to me.

peter0425

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Quote from: southerngentuk on June 06, 2021, 10:05:57 PM

I have a friend who got x100 profit from buying BTC and holding it after 8 years. The only thing stopping people from getting a good result with this market is trust, if you are ready for this market then I think sooner or later if you believe in the market then you will have good results.

depend on what coin you need to trust because if You friend has it in bitcoin then He is really in safe hands but if that is in Shitcoins or memecoins then he must be in trouble at some point if the coins got no progress and died eventually.
Not like in Bitcoin that assurance of increase are indeed .

southerngentuk

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Quote from: btc78 on June 06, 2021, 11:46:27 PM

Quote from: southerngentuk on June 06, 2021, 10:05:57 PM

I have a friend who got x100 profit from buying BTC and holding it after 8 years. The only thing stopping people from getting a good result with this market is trust, if you are ready for this market then I think sooner or later if you believe in the market then you will have good results.

x100 for 8 years holding?
considering that this happens this year ?

If I'm not mistaken , the price of bitcoin back in 2013 is 100$ or so meaning if we will evaluate the price from that to this year,, meaning this is more than 400 folds of profit and not only 100 folds mate.

do you really have a friend or this is just an imaginary ?

You should not analyze too closely those figures, I just want to give a specific number and a relative time period. Rather my friend invested about $40k, and he sold them and recounted to me more than $6m and it's from 2017

, do you want more analysis on the numbers, I can give you more numbers to give you an idea of the person you are thinking I am imagining

My friends have a lot of people who see money now as just numbers, for this market it's just numbers, but that's not me.

dark1234

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Hello, everyone in the forum. I'm a junior. I've been in and out of the coin circle for two and a half months. I've stepped on a lot of holes and been cut several times. I don't believe my eyes at will
I've been watching a lot of Posts and new coins for two days, but I don't know which one has made a breakthrough in technology. I think all the big guys in the forum have come through the wind and rain, so I want to ask for advice. Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

I would rather collect some crypto assets as an investment for the long term as you wish for the next 5 years...
1.Bitcoins/BTC. ...
2. Ethereum / ETH. ...
3. Binance Coin / BNB. ..
4. Bitcoin Cash. ...
5. Litecoins. ...
6.Dogecoin/DOGE. ...
7. Basic Attention Token / BAT
no XRP Because in my opinion “XRP has no clear utility at the moment in terms of contributing to global financial inclusion. But XRP can be used as an attractive trading instrument because it has high volatility, in terms of price, XRP also does not perform well. In US dollars, the current XRP price is still far from the ATH price in December 2017, in contrast to BTC which has experienced a 3x increase from ATH in December 2017. This further confirms that there are no new players transacting XRP.

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Quote from: cheezcarls on June 07, 2021, 07:36:58 AM

That reminds me of two years ago where I was one of the guest speakers in a cryptocurrency roadshow event held in a well-known university in the Philippines. In a Q&A session, one student raised his hand and provided with microphone, asking me and the rest of the speakers on our advice about the best ones to invest while they are still young.

I just shared my opinion to that student that both stocks and crypto are great investments for the future but comes a certain risk such as market situation, volatility, circumstances, etc. I added that risk management is necessary and only invest what he could afford to lose.

For long-term investment, no questions asked for BTC and ETH.

I did not know you were from there,,, I have seen your nick before but wow, amazing to hear crypto lectures in universities. I guess the problem with young people (myself included when I was young) is that we were bright but also we were stupid. We knew where to find information but we did not have streetsmart to know and identify possible scams.

Which is where crypto is so dangerous as there are way more scams than legit projects. I would always say expect to lose money. Except Bitcoin long term.

Thank you for sharing:)

Slow death

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Quote from: yunshangjun on May 27, 2021, 06:40:18 AM

Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice

In this cryptocurrency market people can make a lot of money and can also lose a lot of money, but there is one fundamental rule that you always have to be aware of:

bitcoin when it falls it always carries the altcoins with it

bitcoin when it goes up always carries the altcoins with it

the price of altcoins in relation to the dollar always goes up a lot or down a lot depending on the price of bitcoin

the price of altcoins in relation to bitcoin goes up a lot or down a lot depending on the altcoin's own demand

In this current scenario where the bitcoin price is in a situation where it can drop a lot, I would recommend you to wait for the bitcoin price to be above 42000$ to buy long term or so if you have a lot of patience then buy now but don't go into panic every time you see the price drop a lot, in case bitcoin drops a lot then the altcoins will be much worse, as I explained to you, so know that if you buy altcoins then you should be twice as patient every time you see the price drop

cheezcarls

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That reminds me of two years ago where I was one of the guest speakers in a cryptocurrency roadshow event held in a well-known university in the Philippines. In a Q&A session, one student raised his hand and provided with microphone, asking me and the rest of the speakers on our advice about the best ones to invest while they are still young.

I just shared my opinion to that student that both stocks and crypto are great investments for the future but comes a certain risk such as market situation, volatility, circumstances, etc. I added that risk management is necessary and only invest what he could afford to lose.

For long-term investment, no questions asked for BTC and ETH.

leea-1334

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Quote from: tabas on June 03, 2021, 02:12:43 PM

Are you skipping bitcoin? you look at altcoins and then you're wanting to have a long term goal in this market. If that is so, bitcoin is the ideal choice of yours.
It's been proven by me and the others who have held it for more than 5 years which is your goal. In the past it was quite cheaper but as time goes, you see the progress of it and there's more to its price today which shall increase in the future.

Yes,,, but maybe because this is the altcoin speculation thread? Wink

You are right though,,, Junior students or old man, if this is your first time in crypto, do your own research BUT meanwhile buy Bitcoin until you are more confident and know for sure what to invest in. Everything else is a bigger risk (yes bigger potential for profit too but you want to be safe as a first timer).

CryptoYar

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I think bitcoin is the best coin in the long run if wanna hold a coin for the next five years, then go with BTC trust me when you will see your wallet five years later, you'll notice an amazing profit.

In the meantime, you have to keep your private key safe because the period of five years is not short and you may lose your private key. But if you have a hardware wallet then no worries just buy bitcoin and forget for the next five years.

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Quote from: southerngentuk on June 06, 2021, 10:05:57 PM

I have a friend who got x100 profit from buying BTC and holding it after 8 years. The only thing stopping people from getting a good result with this market is trust, if you are ready for this market then I think sooner or later if you believe in the market then you will have good results.

x100 for 8 years holding?
considering that this happens this year ?

If I'm not mistaken , the price of bitcoin back in 2013 is 100$ or so meaning if we will evaluate the price from that to this year,, meaning this is more than 400 folds of profit and not only 100 folds mate.

do you really have a friend or this is just an imaginary ?

Topic: Junior students ask for advice: what money is worth investing now, and what mone (Read 432 times)