My First Investments - page 4. | Bitcointalksearch.org

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legendary

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Lightning network is good with small amount of BTC

Quote from: CryptoHeadlineNews on June 22, 2022, 12:07:50 AM

Diversifying your portfolio only gives you an edge over volatility, it doesn't take the risk away

It even makes it more risky. Bitcoin is not as volatile as altcoins, if the market is in bear direction, diversify into altcoins increase the risks.

Quote from: CryptoHeadlineNews on June 22, 2022, 12:07:50 AM

So the most important thing here is invest an amount you could afford to lose and also try to do your own research "DYOR" ..

Yes if you are talking about altcoins, because many altcoins are nothing but more of gambling. Can you believe that some people prefer to hold bitcoin than fiat? Especially during bull run. If long term and profit is the purpose of your holding, holding bitcoin is the right choice.

lovesmayfamilis

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Today, again, there is a lot of flashy news on social networks, urging everyone to buy cryptocurrencies, justifying this by the fact that the market is cheap. Therefore, we see people who have no experience in investing but who are ready to take risks and invest their money. This has happened so many times that people, based on the media they read, can be very wrong.

OP, you are almost on the right track. Investing in bitcoin is a very smart move, but you should be aware not only of the pros, expecting a quick return, but also that all your money can be lost. You will be given a lot of advice, but you, and only you, are the masters of your destiny. If you are ready to lose your $1,000, then hurry up and invest. If you value your money, take your time to study any move you are about to make.

If you see in the answers some disagreement with your decision, then this will only benefit you. Only indifferent, and maybe even dishonest, people will rush you to make a decision to invest your money.

noorman0

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[Nope]No hype delivers more than hope

Considering this is your first investment, I would suggest DCAing and focus on bitcoin only (with less volatility) than diversifiying for now. I have said before, this bearish phase is vulnerable for "unhealthy" projects to fail to bounce. For a while, thinking about risk is more of a priority than profit.

CryptoHeadlineNews

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Diversifying your portfolio only gives you an edge over volatility, it doesn't take the risk away, because most people will be happy seeing massive increase in the price of Bitcoin after investing $1000, and feel sad if the price goes the other way round. So the most important thing here is invest an amount you could afford to lose and also try to do your own research "DYOR" ..

cryptoaddictchie

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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.

Regarding the distribution of pie, I guess its your call, you can even allot higher for bitcoin like 60% and the rest for altcoins. But doing that is putting you at risk, since the market now is highly volatile. If ever you want to invest it, make sure you can endure the pain of red portfolio but thats totally fine since you are doing it for long term right? But if you are gonna shift to short term then might study first trading before conducting or putting any money off the table.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

It is not mandatory to put 40% into bitcoin and invest the other 60% into altcoins. It depends on money management or the strategy you use. Don't invest all your money, you need to learn to do research. $1000 is pretty big money to get started. you really have to understand how to do analysis, don't just rely on other people's words and luck. Make your first investment well, so there is no trauma about your first investment.

dansus021

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

$1000 is a huge amount (at least for me)

Yeah for mee too Grin

Lot of people says invest in altcoin is risky i would answer yes but invest in crypto currency it self is already risky Grin

DCA for bitcoin is good choice but if you still want to invest in altcoin do your own research and do with your own risk as always

and i will give you quick advice based on my opinion invest in altcoin that are top 100 with criteria

1. dont invest in memecoin or no utility token/coin because they are only for shilling and pump and dump if you can take this risk you can go ahead
2. invest with active community and development
3. they have roadmap and try to achieve it
4. and dont bother to ask community in altcoin disussion they will help

and good luck

GeorgeJohn

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Congratulations for locating bitcointalk and also welcome to the community. Base on the existing protocols, i will like to emphasize directly to one thousand ($1000) worth of cryptocurrency investment. In actual sense as a beginner who don't know the denomination of cryptocurrency. I think you are supposed to concentrate or have one specialty of currency like bitcoin to run your investment. Instead of diversifying to altcoins which some of them don't have a quantitative life.

minime0105

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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.

Congratulations for finding a place like this forum, First I will like to know if you have any knowledge about bitcoin trading and investment if the answer is yes, how do you plan to invest the said out in bitcoin and the rest in other coins I guess altcoins? I wouldn't advise you to invest in altcoins because have no future history, they will burn your money and you will cry so you can invest in bitcoin but make sure you invest the amout your willing to lose beause in investment you either gain or you lose.

The Cryptovator

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Hey mate, Welcome to the forum. Hope before investing in crypto you learned some basic things like risk, storing your crypto safely, how crypto works, crypto scams, and so on. These things are very common things that you need to learn. I am not sure who introduced you to cryptocurrency and not sure if he tech you basic knowledge.

Cryptocurrency investment is always high risk, whether you are investing in Bitcoin or Altcoins. Just see the current market, where it was, and where it's now. Invest only that you can afford the loss. We don't when crypto will break previous ATH or if it will never break. You need to know about potential loss. Many people making money from crypto and many are lost. So please learn and research first. Choose only the best and top altcoin when you intend to invest in it.

Upgrade00

legendary

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Playgram - The Telegram Casino

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.

My first question is, if you're limiting your investment options to only cryptocurrencies or by diversifying you mean entering into other industries?

If you're referring to crypto;
True diversification does not really exist as all coins are within the same niche and mirror the price actions of each other; so when the price of Bitcoin goes up, about 90% of coins would go up with it and same thing happens when it goes down. So, you'll have a portfolio which would likely be in red or green at the same time.

If you're considering different markets;
Firstly, you should do your own research. There are lots of investment options, so you would have to read up and understand more about any investment venture and choose how best to diversify your capital.
Bitcoin is a good investment option, there are also other options like real estate, precious metals etc.

Welsh

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Also, worth noting that the majority of replies you get here, are going to be biased. Mine was. I believe in Bitcoin, this is a Bitcoin forum, and you've posted in a Bitcoin dominant section. Luckily probably staying on topic enough to stay here. Although, if you posted about whether altcoins were worth investing in, and secondly safe to do so, you'll find different answers since its from a different audience.

However, put it this way. If I had invested in some of the altcoins which piqued my interest along the way, I would likely looking at losses in them specifically. Whereas Bitcoin I've only ever profited. Although, I might be down to what I received last week, that doesn't matter in the long term.

Ultimately, it's up to you, but try to remember that the majority of altcoins aren't worth your time, and almost always fail. There's a few that might be promising. Particularly those that have Mimble Wimble implemented, as that at least from a technology stand point, is quite interesting. Other than that, most do the same thing, but slightly different.

Mpamaegbu

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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've come to realize in investment that your first win always strengthens your confidence level and propels you to invest more. On that note, I think you won't be getting it wrong investing more percentage in Bitcoin than in alts. You should've done a 60% to 80% in Bitcoin and then do the remaining in alts that you would've researched thoroughly. Bitcoin investment is safer than investment in alts. Hey! Come to think of it, Bitcoin is at a good entry level at the moment; whether it goes down further or not. Just invest and close your app and act semi forgetfully about it till end of this year before checking what ROI it has earned you.

Coyster

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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.

In Bitcointalk questions are appreciated and answers will be provided if the questions are worthwhile. But for whatever it is worth, it is best if you do not ask 'noob' questions relating to investment or trading, or to state exact sums of money you possess and wish to invest; that clearly denotes you wholly do not know what you are doing, and when you do not know what you are doing you become more vulnerable to scams and scammers.

Do your personal research about investment or trading and from there you can make up your own mind, if you had done your research you would understand that investing in things that are intrisincally similar is no investment whatsoever.

Rikafip

legendary

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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.

Just wanna tell you that whoever told you that crypto diversification is a smart thing to do obviously has no clue. First of all, it ain't diversifying at all as all other tokens/coins depend on bitcoin so when bitcoin goes up, they go up to and the same thing happens when it goes down, so what's the point.

Another thing to keep in mind is that you are newbie, and in 99.99% of the time newbies don't know when to sell altcoin on time and problem with alts is that majority of them don't survive the bear market so if you miss you opportunity (and you most probably will), you will end up with bunch of worthless shitcoins.

Stick to bitcoin buddy and if you really want to diversify, invest in something that doesn't have to do with crypto.

Gozie51

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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.

salad daging

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As a beginner, of course with the amount of $1000 is big, especially if you start now, of course this will be your first experience of how to invest in the amount determined by you.
40 percent in bitcoin is a good allocation, the rest is diversified in other coins of course all must be done by making an assessment, not just advice, you have to know which one to choose in the 60 percent except bitcoin I believe my investment is a bit safe in compared to other altcoins.

I also previously started investing early but not with large amounts but it was full of experience and failure but from that I could learn a long lesson during initial investment so I know about research and which coins to choose as a good investment and not harm a lot (although the risk remains)

In essence, knowledge must be prioritized so you at least know the real bitcoin.

Maybe here are some threads for you to learn about early investing and other tips.

Is diversification into different coins really a good advice for Newbies? - 1miau
Tips to overcome fear crypto investment and reason to invest for newbies - jademaxsuy
Newbies ! A wrong (Altcoin) selection would destroy your dream - The Cryptovator
BUY & HODL - is the surest strategy for crypto beginners - Ratimov

sunsilk

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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.

Where have you read that? Honestly, what's the most recommended for a newbie is don't invest at all if you don't know yet what's the best investment that you must have. And whoever said that you must diversify more with altcoins, might don't have a lot of bitcoins.

But if you're going to listen to the majority here, we'll tell you that you must have a bitcoin portfolio first since you're still a newbie. Learn from it and eventually, you'll get to explore the altcoins because not all of them are profitable.

Can you just imagine of putting $600 there without you knowing where you'll invest there?

Altryist

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

Welcome to the Forum

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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.

Your advice is correct, I would even say that most of the investments should consist of bitcoin. As for other altcoins, it may not be worth buying them now until you figure out what's what, maybe by then you will change your mind about buying altcoins altogether.

Now is a good time to invest, the market has dipped very significantly and it may take some time before it rises again, in the long run you will get a good profit, the most important thing is patience.

Plaguedeath

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The first thing before investing is know what you invest for, don't rely on someone including those called experts.

I advice you to learn about Bitcoin first if you really want to invest in Bitcoin, it's dumb to invest without any knowledge.

Topic: My First Investments - page 4. (Read 838 times)