Topic: Newbie Crypto Advice - page 5. (Read 736 times)

In my opinion you should invest in bitcoin, its rate of return is many times higher than that of stocks. You should create a poll topic, there are quite a few scammers around us, they may ask you to send some money to them to invest. be careful

Echoing other's advice, Bitcoin is the best investment among cryptocurrency because of its liquidity and community.  So I would say if you @OP is intersted in cryptocurrecny investment put the majority of your fund into Bitcoin and the amount that you can afford to lose to altcoin that can moon or simply can be labeled as hidden gem for it can give you profit way more than BTC can give but the risk is really high.  HIgh enough that you can consider your investment lost.  It is also important that you will make an effort to know what about your possible investment.

I have to agree with you mate. Learning crypto investing is not just as easy as that like sending an email and point out which coin to invest. You have to learn it all by yourself because you can’t be a good investor in the first place if you simply rely from others for your decision. And the fact that crypto particularly bitcoin is highly volatile and you can’t expect a fixed but a roller coaster price, then the more that you have to do your own diligence to study how bitcoin works and how it will be profitable as an investment. After all, all your efforts and hard work will eventually paid off in the end and will give you life changing profits that you can never imagine.

Bitcoin (BTC). That's the best advice from me for you to invest.
What you want is to escape inflation and Bitcoin is a pretty good hedge.
By choosing Bitcoin, you just need to be patient in the long run and I think it's worth it if you don't have time to learn the ins and outs of crypto for fear that there won't be enough time given your current age if you are true about what you say.

Just go through the forum, you will find what you want, no need to send emails because most of them are busy with work.

A simple piece of advice from me is that the best crypto you can safely invest that amount in should be just Bitcoin. Since this is your first time wanting to invest in crypto, I believe you are not really experienced, which is why you must not just invest in the sort of Altcoins that people would ask you to invest in. If you have $20k as you claim, then you can buy Bitcoin on DCA, so that even if the price of Bitcoin goes down below what it is now, you'll still be accumulating gradually, and if you are able to hold the Bitcoin you Accumulate for like five or ten years, then you will make profit. Depending on how long you intend to hold it, it will also determine the profit you will get (although, no body know the future).

@OP, Just as the first piece of advice you got on this topic said, beware of the kind of DM you will get because, as I can say, almost 80% of the DM you will get may be absolute scam shitcoin projects, so I would suggest you should just be concerned about accumulating Bitcoin.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Sincerely, I don't understand why you chose to invest in something you have no knowledge of. Despite the positive aspects of cryptocurrency that you may have heard about from some people, it may not be what you are thinking. Since investing in cryptocurrency involves risk, you should find the time to educate yourself before doing so. When you are educated and knowledgeable, it will be simple for you to conduct your own study and identify the best coins for potential investment. Everyone you see on this forum not perfect, so even if someone decides to urge you to buy in a shitcoin, I've already indicated that person is a promoter and might be doing that for it own interest.

And one more, why did you always want people to contact you privately? despite the warnings you received in your first post in this forum that the  internet is  full of scammers, you still instead in doing so.I don't think your ways are clear with this kind of habit.

Many people are accusing you, and if you really are not a scammer. I advise you not to invest, not only with cryptocurrencies but with any investment, because you should not invest on the advice of strangers and do not know what you will invest in. If someone is texting you to give you advice, I am 100% sure that person is a scammer. But my question is, are you telling the truth, or are you the one trying to scam people? 

Oops, you probably not going to like what I am about to say sir, if you can't create to learn the necessary things about crypto then crypto investment is not for someone like you, if you don't learn a thing and just invest, how are you going to keep your assets safe? There is something called private key or recovery seed, this is something you must learn about and know if you want to retire with the 20k or risk loosing your 20k before your retirement happens.

Bitcoin is fhs best and the safest one to plan for retirement, but you blindly investing in Bitcoin comes with some.risks and that risks can only be neutralized if you know what Bitcoin is and how you can keep your Bitcoin safe, there are some Bitcoin wallets that are dangerous for storing Bitcoin, how will you tell the difference?

If this is not a scam, I will tell you a common advice that we give to every newbie to cryptocurrency and this forum which is that you should not make decisions  about Investments on another person's research. In this situation this is your retirement money you are talking about, and you have to be very careful where you choose to invest it. If you believe the words of a stranger all in the name of recommendation without you doing your own research to verify what you've been told, it can be a big mistake.

Even if you are told to invest in bitcoins, still try to find out why you should. invest in bitcoins on your own.

There aren't any coins for you to invest in because blindly investing is stupid and not recommended.  if you want to invest, then you need to know what you are going to invest in, so no matter how difficult it is, you should take the time to figure things out on your own. otherwise, you should not invest.


People are exposing you, and you seem more like a scammer than looking for help here.

Our age gap is nearly 4 decades, but as a younger one, I will give my own advice to you with respect as well.

Sir, I don't think that this is the correct platform for you to ask which cryptocurrency is the best for you to put your retirement fund with. I can easily suggest Bitcoin, or even Ethereum, but it seems like you don't know anything about the 2 of them thus, I don't want you to put your money into something that you don't even know. If you really want to invest into cryptocurrency then at least spend some time learning it please because you might see your portfolio losing double digits in span of a few days, and you might feel panicked because of that.

Anyway, whether what you're saying is true or not, I wouldn't suggest any coin for you because it seems like you don't know anything about crypto like what you said already. Just focus that money in different asset class.

you need to have time to learn about cryptocurrency even though you will not have to learn a lot about it. This is important when it comes to risk taking and not making a mistake of sending your crypto coins to the wrong Blockchain. The market is not that bullish now so it's going to be a big advantage for you when you buy now and and hold for as long as you like.

The buy of Bitcoin will soon go up more so I will advise you to go for Bitcoin because it is the number one crypto coin in the market based on market cap, numbers of holders and liquidity. Bitcoin is one of the most reliable reputable coin in the market and you will not have a problem when you buy it. Make sure you also stay away from scammers because they will dm you and tell you they can help you purchase any coin that you want, remember scammers are everywhere so be careful.

I am %100 percent sure that this is a lie and OP is not a 64 years old with 20 thousand dollars. But even if we assume its a lie, we can still share it just case for others who may want to learn. I think the best at that age should be bitcoin, because at any given moment everything could crash and if you keep on investing into something that will risk the rest of your life, that would be terrible. At 64, you do not have chance to wait a decade or two to see bitcoin go up, that's literally rest of your life, at 20-30 even 40 years old we can do that because it means we will have a better wealth when we reach that age, but when you are already there, its always a risky move, its either bitcoin only or even better yet no crypto at all.

To be honest if you want to invest in a more useful coin, Bitcoin is the right choice first, and if it's in the long term we think this is much better, because so far everyone who invests in crypto they put their main Asset in Bitcoin, and from that perspective Their investors are far more concerned with Bitcoin than some other coins.

If you read some of the comments above, you'll see it's likely the OP himself is a scammer and not someone who will scam him. And unfortunately for him, most of the people on the forum are seasoned investors, they are not so easily fooled. OP is wasting his time here, bitcointalk is not an easy place to do floating scams like telegram or Twitter.
No one is stupid enough to publicize how much money they have and are even willing to share emails with strangers, you should be more careful with people like OP than thinking they are very naive.

I don't think you're going to get any help in this forum, you'll get a scammer or a concerned bitcoiner, and I've seen your post where you posted your email so you're more likely to be pestered by scammers, the best thing that you can do sir is to go to your local or trusted financial advisor and talk to him about cryptocurrency investing because that's the safest bet for you especially for a senior citizen that doesn't have much knowledge about the current technology, you can still learn here but I am sure that regarding investing, it's best if you know, and can see who you're talking to about it.

Have you initiated reading about this indistry you are engaging yourself with? 'coz if not, consider doing it for your own sake first. It's either you end up being taken advantage by ither users or end up in huge loss if you won't be able to manage the risk, in particular with market price volatility. No investment would generate instant and assured profit. So if you are planning to use your retirement money, which we could refer as your last salary, engage it to something which would give you higher chances of earning profit such as starting a small food business and such. Investing to crypto is indeed profitable, but things won't be easily be in favor with your expectations.

First of all please hide your email address in you profile for security reasons. Your account might be compromised through the email address. Then coming to the amount you mentioned to invest. I don't think you are for real. We are not talking about 2,000 US dollars but $20,000. You mean you were able to save $20,000  in civil service work in your country, the story is not clear. By the way even though you are lieing, you are deceiving yourself. You can invest in Bitcoin. Open a non custodian wallet and keep your Bitcoin inside. And make sure that $20,000 you want to invest with Bitcoin is the spare funds in your hand because you are not going to spend or touch them for about 5+ years. So make sure you what you about to do first before embarking on the investment journey.

You only need to invest in Bitcoin because Bitcoin provides the greatest possibility of making a profit. Meanwhile, if you want to invest in altcoins, you have to search one by one, which doesn't guarantee you can get the right one.

If you invest in Bitcoin, you don't need to look like altcoins. You just need to determine when to enter the market and start investing. And when you have succeeded in getting Bitcoin, you only need to hold it until the next ATH to enjoy the benefits.

But be careful with the frequently changing conditions of the Bitcoin price and don't panic if you see it happening. Try to manage your emotions when the market is correcting because buying more is the best moment.

Just as Z-tight said; In your previous thread, in which you asked about learning about Bitcoin and how to use it, you also dropped your email over there for messages to come in from those who were willing to lend you their helping hands.
 
If you are the type to revisit threads, I doubt you are since you might not have the time to do that considering your age, and you might not even see the need to do that. But it's actually risky for you to openly request a DM from people and want them to advise you on how to go about an investment. Half of the mail you might get will definitely be from scammers trying to scam you out of that money.
You can possibly get everything you need in an open thread here; there is no need for DM.

About looking for the best place for you to invest your $20,000, here is a Bitcoin forum, and 50% of the advice might actually be that you invest a high percentage of those funds into Bitcoin, which I will also say.

But since you are already afraid of inflation, We know crypto has a strong resistance to inflation. But it's not immune to price dumps, so while considering investment choices by just calculating inflation risk, also take the volatility of the currency into consideration.

To me, Bitcoin has a better voting point, considering that you already have a huge amount budgeted for the investment and that you are also in for a long-term investment. To me, since you don't have time to actually learn more about the currency, just use the money to buy Bitcoin, which it will be worth, then get yourself an open-source hardware wallet and store from a trusted seller and securely save your bitcoins in there. You can just check the price and worth of your investment from time to time until you finally want to sell it.