Dear Forum,
After several months of intensive reading about the blockchain technology, the time has come to finally start investing. As I have zero experience with investing money, I would like to show you my portfolio and ask you for a feedback / tips / criticism. In generall I have about 1400€ to invest, this money is gaming money for me - Of course I would prefer to win money
So here is my list:
I appreciate your help and wish you a nice week!
DjDav
You are doing it all wrong if you ask me, if that money is not that important to you that is fine but you still need to treat your money with the utmost care, and since you are a newbie there are a few mistakes you are making, to begin with you are investing in too many coins, keep it simple, invest in maximum 2 or 3 coins, at the same time you are taking a huge risk by investing only in altcoins when most of your capital should always go to bitcoin and whatever is left can then be invested in some riskier coins if you want.
I See your point but let me explain my thoughts.
99% of "blockchain companies" which we can see in todays market we will probably not be able to find in the near future - probably already in the next bullet market there will appear as many new faces and ideas as those which will disappear forever.
Thus, from an profit oriented perspective why should I invest the majority of my money into coins which are already the biggest ones? I agree, in the near future we will probably still see high profits with ETH and BTC, but why? Will we see them because they offer the best Technologie / Idea? I strongly doubt it; in a society which successfully implemented the ideas of blockchain into their society will use different approaches than these two as both are too inefficient.
But as already mentioned I totally understand your point that I should invest into ETH or BTC - would you recommend me to now buy 300€ ETH at a price of around 1,7K?
Coming back to my thoughts I would like to start asking when would you expect the next bullet market?
The next bullet run?
What are the arguments for a crypto winter?
Of course there are some but at the same time there are so many parameters which talk against such a trend.
When did coins/tokens gain the most profit? I would say during the beginning of COVID-19. At the beginning of an international crisis.
in March 2022 and April 2022 - the time in which markets got heavily effected by the Ukrainian war - we could actually see a quite strong "crypto market". Who knows what could have happened without LUNA.
To be honest I will expect very difficult next months for Europe/Western World as winter and several problems are facing us. There will be the momentum of several
crises such as energy prices, high inflation, lockdown like rules for several weeks, increasing poverty so on and so on.
Why should not happen what has happened in March 2020?
All the best.