Newbie looking for advice - page 3. | Bitcointalksearch.org

wajik-tempe

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Quote from: jhonjhon on November 07, 2019, 09:58:14 AM

Some altcoins are also doing great these days so if you are brave enough to risk your money then it'll be fine but if you wanted to be on a safer side then I would suggest to invest in crypto instead because even though bitcoin is very unpredictable but it has tested and proven by many to be the safest to invest to and risk you money with.

Even bitcoin is not safe because our wallet is hackable of we are not careful in this cryptocurrency world. I think we have to just invest money that we don't need in near future because if we stake our money that we need for daily needs we'll have a bad time because we will always look at the market and that habbit will make us panic and lost our investment. So, the best way to invest in crypto is having a mindset of nothing to lose, so we'll be safe in terms of mind.

jhonjhon

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Some altcoins are also doing great these days so if you are brave enough to risk your money then it'll be fine but if you wanted to be on a safer side then I would suggest to invest in crypto instead because even though bitcoin is very unpredictable but it has tested and proven by many to be the safest to invest to and risk you money with.

boyptc

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If you don't have bitcoin left I would choose to buy all in with bitcoin first. And if I think that I had enough already that would be the time that I'll spend money for alts.

Don't pressure yourself, keep on accumulating and keep on following that strategy of cost dollar average. You are in good hands if you have all in bitcoin.

Sadlife

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Quote from: shurcat on November 05, 2019, 06:16:25 AM

Hello all;
I used to have a little btc which sold and use in 2017-2018 , i had lost a good portion of it trying to profit trading with altcoins (bad option).
Now a days i dont have any crypto as i have used the crypto i had in 2017-2018 as my principal funds, i spent it on good and cash out the rest ( a little at a lost but i needed that money) as a student ive used it as my principal money.
Last month i spent my lasts sathosis, owning now 0.0000

But after doing some research and thinking a lot im reconsidering to buy a little (like 100-300dollars) and hold it.

Maybe selling goods i dont use i can buy a little more..
Ive spent some of that crypto in collectibles which maybe i sell here

What do you think people? go all in btc or diversify a little on alts?

Thanks in advance

0
you can take long term?if you do then Go for ALL IN BITCOIN as we are near Halving and 4-5 months of waiting is enough to make a profit,that 300$ may be double or if lucky then its more than that.
though you can side bet to some altcoins like Ethereum and EOS since these two has a big potential soon and the advantage of having low price now,but in the end?its your choice that will happen

Quote from: gentlemand on November 06, 2019, 03:31:37 PM

Quote from: shurcat on November 06, 2019, 03:56:25 AM

10%XRP and 10% NANO

This doesn't make sense and it's not very diverse. You may as well spread across the top 10 or 20 coins if your heart is set on doing this and the fees are reasonable. Most people who got wedded to only one or two projects wind up getting fucked.

but OP only has 100-300$ budget and i think spreading for 10-20 currencies will give him smaller chance of earning IMO

cryptoangel

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Quote from: tinyteapot on November 07, 2019, 02:32:36 AM

Quote

But after doing some research and thinking a lot im reconsidering to buy a little (like 100-300dollars) and hold it.

I sympathize with you for your altcoin trading loss but that does not mean that all altcoins can definitely put your trading at a loss, i will advise you not to put all your funds in one coin but to diversify your investments.

You can invest 50% of your total funds into btc and spread the rest into other carefully researched altcoins.

Obviously, Your suggestion will helpful for beginners, But many peoples are expecting a quick profit so they can invest any one altcoin and finally loose the money. My suggestion also we can invest both Bitcoin and altcoin, so we must concentrate the two or more altcoins. All the huge volume coins are good growing altcoins in cryptomarket.

yulionoo

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I think you have taken a good step when you have thoughts of selling things that you don't use, and come back to buy crypto, even though you have little ability to buy.
in my opinion if you are a student and want to focus on investing for a long period of time, maybe buying btc is right for you. in my opinion Altcoin is not suitable if used for long-term investment, many people have failed with altcoin when they make long-term investments, including myself. it's better for you to make everything in btc, because in my opinion bitcoin is less risky than altcoin if used for long-term investment. and I'm also sure that the future of bitcoin is getting brighter.

tinyteapot

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Quote

But after doing some research and thinking a lot im reconsidering to buy a little (like 100-300dollars) and hold it.

I sympathize with you for your altcoin trading loss but that does not mean that all altcoins can definitely put your trading at a loss, i will advise you not to put all your funds in one coin but to diversify your investments.

You can invest 50% of your total funds into btc and spread the rest into other carefully researched altcoins.

gentlemand

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Quote from: shurcat on November 06, 2019, 03:56:25 AM

10%XRP and 10% NANO

This doesn't make sense and it's not very diverse. You may as well spread across the top 10 or 20 coins if your heart is set on doing this and the fees are reasonable. Most people who got wedded to only one or two projects wind up getting fucked.

Oceat

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Quote from: Wysi on November 06, 2019, 03:23:47 AM

Quote from: alexsandria on November 05, 2019, 11:45:04 PM

Diversify it mate. Sticking to one option isn't a advisable nor recommended atleast. Try distributing your funds with different altcoins as well may be a quarters of your over all fund with Bitcoin like 40% - 50% is for bitcoin and the remaining is for different alts. Well you seemed familiar with the basics then try looking out for other techniques, and try doing it just follow what they do and you'll never be at least failed.

Diversifying is not the issue but selecting the right coins to split the fund is the toughest choice it but I would suggest we need to select couple of altcoins like XLM and TRX who are undervalued from long time and have potential to explode anytime as this will be perfect time to invest in those coins along with a major share into bitcoin itself.

Choose carefully among those altcoins since it could be tricky if you don't know what you had invested. The market would eventually explode so soon as we are going near to the year 2020. Bitcoin should be the main coin to invest here since most altcoins are too dependent to the movement of Bitcoin.

diazepam666

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That's good idea only.
If you have known about the best coin which can perform in coming days you may choose such altcoin and invest von that to make the profit out of that. Unless you may find good trader and start doing it.

fullhdpixel

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Without sentiment, I will say that you go all into bitcoin, the game of cryptocurrency is not going to end now, you need to start using bitcoin to increase your holding while you will still get the chance to invest in altcoin later in future.

If you commit the $300 to bitcoin now, and bull run start making your investment to grow by 3x at minimum, you can take from that profit then to invest in altcoin, because bitcoin just witness its own bull run before it will then go on consolidation for other altcoins to start surging in price too. If I ask you to out your money in altcoin now, you may not be able to be patient for it to grow because I don't see any development for altcoins now until after the halving of bitcoin and during bitcoin bull run that it will get some consolidation.

shurcat

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Many thanks to all ! After a night thinking and reading a lot i will invest 80% BTC, 10%XRP and 10% NANO

Im not thinking to buy hardware wallet because i will invest little money and i prefer to invest extra 50$ and not buy hardware wallet.

What about mycellium wallet making a seed backup? What wallet is good option?(free wallets)

About collectibles i only own crypto kaijus (physical collectible with a token to respald it), i will sell it in this forum soon. I have four jaiantokoins and two spookys to sell, if anyone interested will be posted in the collectibles forum soon.

Greetings

Wysi

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Quote from: alexsandria on November 05, 2019, 11:45:04 PM

Diversify it mate. Sticking to one option isn't a advisable nor recommended atleast. Try distributing your funds with different altcoins as well may be a quarters of your over all fund with Bitcoin like 40% - 50% is for bitcoin and the remaining is for different alts. Well you seemed familiar with the basics then try looking out for other techniques, and try doing it just follow what they do and you'll never be at least failed.

Diversifying is not the issue but selecting the right coins to split the fund is the toughest choice it but I would suggest we need to select couple of altcoins like XLM and TRX who are undervalued from long time and have potential to explode anytime as this will be perfect time to invest in those coins along with a major share into bitcoin itself.

barnes13

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If you are still hesitant and lazy to research in more detail from each altcoins project that is littered now, then I would recommend to all in on Bitcoin. I'm sure that the potential of Bitcoin as a pioneer of the first digital blockchain currency can have a better impact in the future. If you want to invest for a long time, Bitcoin is not a bad choice. But, if you bet half of the altcoin project that you haven't researched further then you still have the risk of losing your money, lately many projects have run away after not giving the routine updates about the project and ending up being a scam. So, if you want to invest half of your money on Alt, you need to do some research first (I suggest you look at those who occupy the Top 50 positions in the CMC or Coingecko).

Jating

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Quote from: shurcat on November 05, 2019, 12:47:23 PM

Lost a good portion trading for alts... maybe after this IS why spent and cash out the rest and nowadays 0sathosis, i was think that will lose more so its why i dont own crypto nowadays...

Guys, which wallet is good? IS mycellium a good wallet to hodl and adds little portions each month?
Want to hodl 2-3 years

Greetings

If you are planning to hold bitcoin that long, I would simply advise you to get a hardware wallet. If you want desktop though, Electrum will be the best, lightweight, fast and secure although it has been a target for a lot of hackers lately.

Stay away with alts if you have lost so much money on trading/investing on them. Just stick to the old and reliable BTC, specially that bitcoin halving is coming next year and this could be the catalyst for another bull run, in the next 2-3 years.

Finestream

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It's nice if you learn how to diversify that with altcoins, I am not so fan of just trusting my BTC for my investment although I'm convince its the strongest coins in the market. I am just thinking of the return versus the amount you already loss, I mean if this market will recover hard, from the current price now, we might see a big improvement that would result to significant gain for us, and since altcoins are heavily affected, they might also get most of the benefits of the recovery.

wajik-tempe

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Quote from: lienfaye on November 06, 2019, 01:17:51 AM

Quote from: shurcat on November 05, 2019, 06:16:25 AM

What do you think people? go all in btc or diversify a little on alts?

Since you already experience investing in alts (but it didnt turn out well) you're already aware on what to expect. Do you think its worth it to invest in alts? In my experience, investing in alts are profitable however there's a timing on when to take profit so if you're not patient to wait then it might not work.

You're the only one who can decide for yourself, because for me even alts are not doing well I prefer to not go all in with btc and consider diversifying.

Yeah investing and trading with alts only profitable when you know when to enter and when to exits. For long term investment is really recommended to hold BTC while you learn how the alts price movement.
And when you're ready to do a day trade with alts, take a little bit from your BTC investment to alts and learn to trade with it.
Some alts also good for long term investment but the most promising long term investment is still BTC in this current market condition

lienfaye

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Quote from: shurcat on November 05, 2019, 06:16:25 AM

What do you think people? go all in btc or diversify a little on alts?

Since you already experience investing in alts (but it didnt turn out well) you're already aware on what to expect. Do you think its worth it to invest in alts? In my experience, investing in alts are profitable however there's a timing on when to take profit so if you're not patient to wait then it might not work.

You're the only one who can decide for yourself, because for me even alts are not doing well I prefer to not go all in with btc and consider diversifying.

adaseb

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Just wondering why you are considering of getting back into Bitcoin? Not much has changed really since 2018.

I am assuming you bought BTC sometime in 2017 and sold at a loss in 2018, especially if you got into alt coins. Don't feel bad. Many people got burnt this way, whether it's by realized or non realized profits.

My advice is, if the goods you want to sell have no value to you then go ahead and buy the BTC. It's a small portion so even if it doesn't work out, it won't be a big loss anyways.

Yaunfitda

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Compared to the majority of the alts who are still buried 90% way below of their previous all-time-high, as compare to bitcoin with is just above 50% now, it's pretty obvious that bitcoin is should be your choice. I mean you have experience it already, and you have lost according to you to altcoins then why are you thinking of diversifying right now?

Not that I'm against all, but they have experience a bearish trend and we don't know when it's going to end. While bitcoin is slowly gaining some ground and could hit 5 digits again, just saying.

Topic: Newbie looking for advice - page 3. (Read 869 times)