My First Investments - page 2. | Bitcointalksearch.org

HajiBagi

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Quote from: Gozie51 on June 21, 2022, 10:16:42 AM

The best advise for you is to make your mind up on yourself to research and know the side to take in your investment but surely bitcoin like have been suggested to is the most guarantee of them. I suggest 50% of your investment capacity should go for bitcoin. Btc and Ethereum are the best you can invest in , most altcoins are like gambling away your money. Bitcoin will rise again and go above the current ATH, this has been proven with history but many other altcoins may not do that again after this bear. An investor can only make profit in hodling if the coin has the volatility to go above initial ATH.
Be wise with your $1,000 or you could start with lesser amount to get some experience except if you already have more cash in reserve.

Yes, I approve with your decision. Investing in bitcoin is a smart idea because you may keep your coin and wait for its price to soar regardless of how the market declines. Due to the uncertainty of the results, investing in other cryptocurrencies is comparable to gambling. If you're a newbie, it's important to complete your study before making any investments because you run the danger of losing money if you don't have the correct attitude and can't keep a bitcoin for an extended period of time.
It's not a bad idea to invest $1,000, and you may even invest more, but only if you can be confident that you won't regret it afterwards. Trust me, you will like investing in bitcoin.

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Quote from: _BlackStar on May 22, 2023, 12:20:44 PM

Quote from: Z390 on May 22, 2023, 11:07:33 AM

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

I believe asset diversification is good regardless of your greater interest in bitcoin.

Moreover you are free to build your own portfolio without being influenced by others even if some users disagree with you. Don't you think that your losses and gains are not their responsibility? So do your part right - get profit - consider it at your own risk. Some altcoin perform well in terms of returns, sure - but you have to have the mindset that they are not investment assets worth holding for long term. So take your profits when you got it- do it at your own risk, no matter what anyone says.

Some people make money in investing altcoins, I see altcoins investment as luck and it should never be an investment one needs to rely on so much because any thing can happen along the line. It is too risky to make investment in several altcoins, it is not certain if one should invest in 10 different altcoins like what @z390 said all the investment will come out all well. It is so important to be conscious how we invest in altcoins, before now we saw how lots of people lose their money investing in altcoins. It has tendency to crash at any given time.

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Quote from: Z390 on May 22, 2023, 11:07:33 AM

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

I believe asset diversification is good regardless of your greater interest in bitcoin.

Moreover you are free to build your own portfolio without being influenced by others even if some users disagree with you. Don't you think that your losses and gains are not their responsibility? So do your part right - get profit - consider it at your own risk. Some altcoin perform well in terms of returns, sure - but you have to have the mindset that they are not investment assets worth holding for long term. So take your profits when you got it- do it at your own risk, no matter what anyone says.

Z390

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Facts about altcoins that I know.

1. Most of the old altcoins that did very well in past bull market will never reach their all time high again.

2. Majority of those altcoins are created for short-term gain in mind, the devs never wanted to push them further, they just want to make some noise to attract people and exit liquidity on them.

3. If altcoin investment is a must for you, it's better to invest in new altcoins, at least they've never been pumped and dumped, make sure they have the hype though, use cases, and co.

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

Salahmu

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Quote from: LogitechMouse on June 21, 2022, 08:09:25 AM

Welcome to the Forum

.

I will only share my own experience and what I did from the start. I also have some money when I first started involving myself into crypto (around 3rd quarter of 2017) but as a newbie at that time, I chose to do some research, learned the basics of crypto especially Bitcoin, watched videos etc. etc. and while I'm learning, I already know which coins should I invest at that time but to be safe since it's my first time, I only invested into Bitcoin then expanded, saved some money and tried to invest into other coins.

$1000 is a huge amount (at least for me) but instead of investing into cryptocurrency first, at least gain some knowledge and make some research and learn at least the basics as well. It will help you decide which coins will you buy. Well, if you're really that eager to invest into cryptocurrency, then I suggest 40% into Bitcoin and 60% into Ethereum. This is a safer approach since these 2 coins are at the top 2 spot for a very long time already. If you want a riskier approach, then maybe try to buy those at the top 10 coins, but I suggest research first. This is my opinion only and I know other users here have different opinions.

Good Luck.

LogitechMouse thanks for sharing your experience you have said it all, it just like my first investment I went to a friend to guide me on crypto to invest, he advised me as a newbie not to rush into investment without thorough research about the coin to invest, and I did exactly what he said and it favours me.

Had it been that I did a lot of research and watching YouTube videos about the coins to invest I would have lost a lot of money because I later realized that the coin I had wanted to buy was a bad idea so I was very happy I didn't bought it.

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

You need to know that the bal is in your court so whatsoever way you want to diversify your cryptocurrency portfolio is left to you. When you want to invest, it is always good for you to make some goof research about where you are putting your money before you make any endeavour to invest whether for a long term holding or a short time holding.

Crypto is very versatile so you need to be ready to be patient enough to hold so that you will not going to make unnecessary loses that could make you think cryptocurrency investment is a scam. Since you want to invest in altcoins too, try and do diligent research for a profitable holdings.

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Those amount is still a good start placing those 60 percent in other coins seems like a risk but of course with a higher reward currently we are in the stable support of the bitcoin and as long as early before the halving comes it's ideal to accumulate as possible. We know that the bitcoin price movement the altcoins follow seems you are trying to make a play safe for a long term in bitcoin and make risk profit of 60 to the alt because of good return but check again the rainbow chart there's a chance it will dump again in halving so until when you will hold.

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Quote from: ItsCrafty on May 14, 2023, 07:11:22 AM

Quote from: Agbe on May 13, 2023, 11:38:43 AM

I will advise you to Invest all in bitcoin and see the out come within two to three years.

There is no doubt that Bitcoin is the king of the cryptocurrency market.An investment made here can prove to be an excellent investment.The price of Bitcoin is very high compared to other coins in the cryptocurrency market.Investment in Bitcoin also requires a large amount of money due to its high value.In Bitcoin, where the risk of loss is minimal, the rate of profit is also minimal.

An investment of $1000 in Bitcoin is unlikely to yield a good return.Instead, choose a variety of coins among the top and best coins on the market that cost less than a $1.I think investing in small altcoins can be a great decision,but even there, it should be considered that instead of investing in one coin, one should divide his capital in different coins.

Personally, I do not think that $1,000 is a good amount to achieve returns from investing in crypto, unless he has a long breath to wait for a jump in prices to give him a multiplier of thousands of times. This explains the desire to invest most of the amount in alternative currencies that may provide opportunities in this way.
It would be better to try to invest the amount in other sectors to achieve small benefits in the hope of reaching a good amount capable of achieving good returns. Of course, investing in Bitcoin is considered the best, since it is a valuable asset.

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

I don't believe in diversification in the cryptocurrency industry. Bitcoin is the king and it moves the market. There is no time that bitcoin will be very down while altcoins will be very high, except for calculated pumps.
It is either you are investing in bitcoin or altcoins.
An investment in bitcoin can be called an investment and you can do so with upto 60% and then the remaing percentage will be for altcoin gambling. Yes,I called it gambling because they can make you fast or mare you faster.

The real diversification is when you investment in cryptocurrency and diversify to Gold, Real Estate etc.

SOKO-DEKE

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

To begin a bitcoin journey, $1000 is a respectable sum of money.Hope you can afford to lose this amount of money you are trying to invest in the crypto industry,nevertheless. Although you are a newbie, but I don't know how experienced you are in the cryptocurrency market despite been a newbie. If you are a complete beginner, I would advise focusing exclusively on Bitcoin only and to avoid any altcoin investments for the time being because you might not be able to conduct adequate research on them. It is a good idea to diversify in order to reduce your risks, but failing to have a thorough understanding of the other side may result in a significant risk.

If I were you as a Newbie, I would invest the all $1,000 in bitcoin, but if I were to gamble in another way as a beginner, I would just invest 5% or 10% in alternative cryptocurrencies to put myself on the safe side. I'm not promising you a profit from Bitcoin, but I can guarantee you that the risk may not be as great as altcoins from my experience.

Patrol69

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

First of all congratulations you can start investing with a thousand dollars. And investing 40% in Bitcoin and remaining 60% in other currencies can be a good decision for you. But if you want you can rotate your investment percentage i.e. you can invest 60 percent in Bitcoin and the remaining 40% in other platforms. Because investing in Bitcoin is relatively safer than investing in other currencies.

Sexylizzy2813

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent.

OP $1000 is one hell of a cash, if I were you I'd split the money into two equal parts, 50/50. Invest $500 on Bitcoin and the other half I'll send to the bank.
It is important to know that you should never invest money you can't afford to lose, the money you can afford to invest depends on how comfortable you are with risk taken, that's another one you need to consider. Since is your first investment never make it your last out of desperation, let patience do the work.

DiMarxist

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Everything also depends on the capital you have, if you have additional capital every month, we can gradually increase our investment in a consistent amount. this can grow the investment quite well in the long term. What this means is that you should stay away from them by all means possible although that doesn't mean you should just invest all your capital at ones into the market. The DCA pattern is the best strategies that is good to apply, this is directly, is to hold for long and DCA till the next bull run. when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the long term holder enjoy. Investing is a job, and like any job, it requires practice, skill development, and constant training.

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Quote from: Alucard1 on May 14, 2023, 07:36:37 AM

Always be careful that investing in altcoin makes it riskier so be mindful about it, and before you invest you should consider researching so you can expect the possible things that might happen once you invest in crypto.

if you see OP's initial capital, I will put it all in Bitcoin. like you said altcoins are too risky, even if it is for someone who is quite experienced in the market. especially for a beginner who will be more likely to choose an altcoin based on advice or marketcap.
everything also depends on the capital you have, if you have additional capital every month, we can gradually increase our investment in a consistent amount. this can grow the investment quite well in the long term.

Alucard1

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

Diversifying wont lessen the risk you can have in investing in cryptocurrency but then that is a good way of handling your money, we should not take all our money in crypto 40-60 is already a great percentage to invest in crypto.

Always be careful that investing in altcoin makes it riskier so be mindful about it, and before you invest you should consider researching so you can expect the possible things that might happen once you invest in crypto.

I suggest you need to learn first about cryptocurrency, our suggestions or the comments here are not enough, try to explore more and know some advantages and disadvantage of investing in crypto.

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Quote from: ItsCrafty on May 14, 2023, 07:11:22 AM

Quote from: Agbe on May 13, 2023, 11:38:43 AM

I will advise you to Invest all in bitcoin and see the out come within two to three years.

There is no doubt that Bitcoin is the king of the cryptocurrency market.An investment made here can prove to be an excellent investment.The price of Bitcoin is very high compared to other coins in the cryptocurrency market.Investment in Bitcoin also requires a large amount of money due to its high value.In Bitcoin, where the risk of loss is minimal, the rate of profit is also minimal.

An investment of $1000 in Bitcoin is unlikely to yield a good return.Instead, choose a variety of coins among the top and best coins on the market that cost less than a $1.I think investing in small altcoins can be a great decision,but even there, it should be considered that instead of investing in one coin, one should divide his capital in different coins.

I think the question here is about the priorities of the investor. It all depends on what he appreciates more and what he counts on. Investing in bitcoin, as your post suggests, is quite reliable, although not as profitable, compared to investing in small altcoin projects. However, for many novice investors, the main thing is not a big income, but the reliability of the investment, certain guarantees that their money will not be lost. Whereas dividing capital into different coins remains more risky and requires more knowledge and experience in order not only to save but also multiply the body of investment.

ItsCrafty

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Quote from: Agbe on May 13, 2023, 11:38:43 AM

I will advise you to Invest all in bitcoin and see the out come within two to three years.

There is no doubt that Bitcoin is the king of the cryptocurrency market.An investment made here can prove to be an excellent investment.The price of Bitcoin is very high compared to other coins in the cryptocurrency market.Investment in Bitcoin also requires a large amount of money due to its high value.In Bitcoin, where the risk of loss is minimal, the rate of profit is also minimal.

An investment of $1000 in Bitcoin is unlikely to yield a good return.Instead, choose a variety of coins among the top and best coins on the market that cost less than a $1.I think investing in small altcoins can be a great decision,but even there, it should be considered that instead of investing in one coin, one should divide his capital in different coins.

Agbe

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Quote from: whovian15 on June 21, 2022, 07:58:44 AM

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

Starting with $1,000 is a nice move. Op why do you want to use 40 percent only in bitcoin and use the 60 percent for another investment. I don't buy that idea. I will advise you to Invest all in bitcoin and see the out come within two to three years.

longx I just checked the Yun Shang Hui Xin Limited Exchange platform but from what I saw there, I did not see any exchange information there but I only saw trading information. Therefore I will not take the platform has an exchange platform but a trading because I only saw new deposit and total deposit.

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Quote from: SuperMariob on July 05, 2022, 10:14:27 AM

Diversifying is a good things but it's not riskless. Take your time and dyor on he projects you are investing in.

When you do what everybody is doing you can't stand out of the crowd. Majority of the speculators in the space are diversifying into different altcoins that get them burn when the market tanks. If you join the party you won't be any different from the thousands of speculators crying about their portfolio getting crushed by the bear market that most likely won't recover when the bull market begins. When you diversify in a correlated assets you're doing the direct opposite of what diversifying is suppose to do to your portfolio.

You diversify so when a particular assets class is down, you have other options to bring in cash flow to your account. That means diversifying should involved assets of different classes like investing in Cryptocurrency, Real estate, Bonds, Stocks etc. You shouldn't go around buying worthless shitcoin without any utilities and thinking you're diversifying. You're just gambling and not investing, that should be realized on time so you can take profit if the market is to favor you instead of bonding to a project that most likely without recover if they get hit by a bear market.

SuperMariob

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Diversifying is a good things but it's not riskless.
Take your time and dyor on he projects you are investing in.
Check the charts and see if your entry point is convenient or not.
Don't listen to moonboys or people on twitter writing "x100 next gem"....those are shitcoins.
Last suggestion;be patient. be very very patient.

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