Seeking Advice ‼️ - page 3. | Bitcointalksearch.org

bitzizzix

sr. member

Activity: 2366

Merit: 448

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Since you are a beginner, my advice is that you should know, understand and study cryptocurrency well as a whole and with this you will know all the risks involved and also how to make a profit.
And it's best if you do your own thorough research on the coin you are going to choose, and if you are completely new here and want to immediately choose the best coin. If you were to choose only one coin, I would definitely choose Bitcoin and you can buy it when the price of Bitcoin drops and hold it for the long term. And you also use the DCA method to make regular purchases with the amount you have determined every week or month and also for the long term.
And if you want to choose 5 different coins, you still have to choose Bitcoin as well as Ethereum. and other oldest coins that have a good track record, especially in terms of profits.

Troytech

full member

Activity: 98

Merit: 55

Rephrase bro, we are still on the bull run, diversifying into 5 different coins would make sence to me when I don't know any sure project to go all in, right now from past historical data bitcoin always does better in every bull run unless your expecting some 100x on your capital, if you want to diversify chose two, bitcoin and any other altcoin that you would like to gamble on, cause you can't trust any alt to give you guaranteed result except Ethereum and bnb.

batang_bitcoin

hero member

Activity: 2996

Merit: 600

Eloncoin.org - Mars, here we come!

5 is like a lot and if you don't have an idea on what you're going to buy better to start with Bitcoin. And from there, you'll get to have 2-3 more altcoins that you may want to invest. Still, your good decision will depend on how much effort and time you'll be investing in knowing what's the best altcoins that you'll invest. It's not just about the amount and I don't think that diversifying too much is a good thing. Sometimes it's too overrated and might cause you confusion on what you actually want on this market.

kentrolla

hero member

Activity: 1540

Merit: 564

Eloncoin.org - Mars, here we come!

Splitting up $1000 doesn't seems to be a good plan IMO though I have diversified my profile a little bit but we are at the verge of Bull run or even bull run as some of the users claims you never know which altcoin can pump and when it will start dumping. Hence, I would suggest you don't experiment with lot of altcoins rather stick to Bitcoin and Ethereum, if you notice any coin having rally then you may take call at that point of time but for now Bitcoin and ETH will be the safest options.

Kelward

sr. member

Activity: 364

Merit: 220

Quote from: mk4 on February 18, 2024, 10:50:02 PM

1. The amount of coins you should be buying matters less, you should focus on making good picks
2. You should be doing your own research
3. If you don't want to actually do the hard work, just go with good 'ol bitcoin (but you still need to know how to protect your funds from hacks/scams)

It's true that it's not the number of coins that you choose to diversify your investment capital that matters, what does is picking reputable coins that'll guarantee you returns on investment, so it's not about the quantity of the coins but their ability to sustain in the crypto market. So the point is that the OP should research and buy crypto coins that are not scam or potential shitcoins, finally if he doesn't want to do the hard work of picking, then it's best to invest in Bitcoin, which is the most trusted crypto, and top altcoins like Ethereum. These categories of cryptocurrency will always give you guaranteed ROI in the bull run.

Makus

full member

Activity: 266

Merit: 187

Bitcoin!!

It's better to invest a coin that sure has less risk than any other coin. Investing in Bitcoin is a good idea and I recommend it to anyone because you are likely to get your profit if you remain patient and let the market fly. Mistake some newbies make is following after trend that requires more market watching hours to be able to withdraw your funds before the price experience a bear run. Meaning, we cannot tell for sure the coin would just last for 3 months interval, especially if it's a new project, so even if you have the thought of investing in altcoins, I recommend you make personal research on the project you want to invest.

Sophokles

hero member

Activity: 1190

Merit: 516

Eloncoin.org - Mars, here we come!

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Diversification is a good practice to minimize the risk, but with only $1,000, the risk isn't that significant, i think, no matter where you live. With this amount you should stick with one or two projects to maximize the outcome. Perhaps you can split the funds into half and put one with a major crypto and put rest of the money in a potential low can coin with a good narrative. This is not a financial advice for you but if i were in your position perhaps this is the action i would take.

husencoe

full member

Activity: 658

Merit: 100

I think you should do an analysis of the best coins that you think they are the best. You can choose some big coins like Solana or BNB, I think it has potential besides ETH or BTC. If you choose invest for safe, then you have to choose ETH or BTC. You can also choose the option on a new project if you want to get faster income, but you still have to do an analysis first. Instead of choosing to invest in one coin, I prefer several coins in certain proportions. 5 is probably the best. After determining this, you can choose to determine the proportion of your investment. Good luck.

Yatsan

legendary

Activity: 2422

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Definitely it would always be better to diversify in order to not suffer that much from loss. In my case, I have filled my portfolio in preparation with the anticipated bullrun in relation with halving. Bitcoin and Ethereum would be of course be advised gigen that these two often lead the uptrend. The rest is up to you, point here is to spread your capital to avoid huge loss with one token, it will also increase your chances of earning profit in a way that even if market prices moves on the same direction, they run with different phases. You may also engage with launchpools and other crypto projects which are now creating a noise. Some would say memetokens and that would be fine however, personally I'm not into it. No matter what advice we give, it will always depend on your risk appetite. You may also wait for a price correction if you want to get a better position; prices won't continuously rise anyway. No need to rush and enter at your own risk.

synchronym

full member

Activity: 322

Merit: 85

★Bitvest.io★ Play Plinko or Invest!

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

op You can choose Ethereum for investment. Ethereum is very reliable you can invest 50% of your money. You can invest the rest in other coins if you want. But in my opinion if you invest all your money in Ethereum then you will profit. Even then decide you can invest 50% elsewhere if you wish. If you want to invest in any other project you must invest with caution. Beware of new projects, many times new projects are scams. So invest carefully.

tsaroz

legendary

Activity: 2926

Merit: 1069

★Bitvest.io★ Play Plinko or Invest!

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Go with 5. Putting all your eggs on a single basket could go wrong in many ways. There are a lot of good and promising coins. Just look at the market and research for a moment. Find the 5 coins you believe could outstand in short or long term. If you want to have larger chances and willing to take calculated risk, go with newer promising projects that haven't been on the spotlight of most investors. If you want to stay safe, stick with popular alts along with bitcoin. But whatever you do, you are going to have a better chance than putting all your money on a single coin.

Moreno233

full member

Activity: 294

Merit: 172

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Any decision you take on how to go about this investment have inherent risk attached to it. The first thing you need to clarify is if you want to invest in Bitcoin or only altcoins, this decision will determine the level of risk you are willing to talk. Investing in Bitcoin only is less risky but it generates lower profit because Bitcoin have come of age and to get double of your investment takes years. On the other hand, altcoins give bigger profits but making investment decisions in altcoins is a little difficult.
If you have decided to invest in altcoins, I will suggest you spread your investment across different altcoins after doing your own research. This way, even if one or two of the projects fails, you can use the good investments to recover.

Ben Barubal

member

Activity: 518

Merit: 16

Eloncoin.org - Mars, here we come!

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

To be honest, we are already in the bullish trend. If I were you, start saving cryptocurrencies or bitcoins while you have time. Rather than everything being too late for you. It's hard to chase when the plane takes off; remember that.

Don't ask when you should buy; instead, do it now until the price of the top altcoins in the market, or even Bitcoin, has really taken off. At least if you can buy that, you have holdings in your wallets for sure. Right?

letteredhub

full member

Activity: 504

Merit: 198

Next Generation Web3 Casino

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Just $1000 and you want to spread across many coins in anticipation of the bull run what do you think could be your ROI with that amount spread. Two things involved are that; firstly you might spread major part of the money into bad coins and not make any profits eventually, secondly, you instead devote the total sum to bitcoin and hold for long not only for this bull run but one after this and make your profit wild. Right now with all the tension in the market it's a highly risky period to spot out altcoins with potential to grow value except you want to hold on to ethereum which is the only altcoin I can advise a newbie to hold on to for a while.

Bitco55

member

Activity: 224

Merit: 24

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Diversifying and not diversifying both have their advantages and disadvantages. To be honest, even I would be confused if I had to make an investment decision, so I wouldn't lose my money.

So here's my advice to you, do your research on the best promising coins to invest in and make a list of those with the highest interest rates. Of course, Bitcoin and Ethereum would be there and you can't choose whatever comes after those 3.

If after doing your research, you're not convinced with the interests of the remaining 3 then I'd say you spread your income into only Bitcoin and Ethereum. A higher proportion in Bitcoin and a lower in Ethereum. Let's say 60/40. That way, you'd be able to earn way more than you invested by the end of the bull/ year, if that's what you want of course

R100K-Martin-Lunger

jr. member

Activity: 136

Merit: 1

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Diversifying your crypto portfolio would be a good strategy, especially with $1000 to invest. If you go all in on one coin it could result in you losing the the entire sum. Spreading your investment across five different coins can reduce risk and increase the potential for returns. Consider including Ethereum (ETH), Solana (SOL), Chainlink (LINK), Cardano (ADA), and Polygon (MATIC) in your mix. These coins have solid fundamentals and growth potential. I would also suggest you regularly rebalance your portfolio to adapt to market changes. That should give you the good results.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

Marvelman

full member

Activity: 1008

Merit: 137

★Bitvest.io★ Play Plinko or Invest!

My gut says put it into established crypto coins - maybe Bitcoin or Ethereum since they've been around awhile. But safe is relative in such a volatile market. Even big name coins see big drops periodically.

Ultimately it's on you to decide your risk appetite. Do thorough research, spread the cash around, and brace for turbulence and consider it tuition for the wild ride that is crypto investing. Just don't bet your life savings. Start small and add on dips. Have patience and faith. Over time todays hot coins likely pay off nicely.

ItsaWhale

copper member

Activity: 45

Merit: 4

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

Buy low coins like 0.00002$ and when they hit 0.01$ you make that good money
Dont think that with 1k$ you can make a lot if u buy high price coins like BTC ETH
Focus on Low priced and u will be on profit on long term too

jrrsparkles

sr. member

Activity: 2422

Merit: 265

Eloncoin.org - Mars, here we come!

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

You have waited too long, BTC price already crossed 50K and the halving is just couple of months away so you need to make a move as soon as you can. If your $1000 is for your whole crypto investment not just altcoins then I suggest you to invest 800 dollars into Bitcoin and the remaining into 3 best coins, and 5 if you can add another two low market cap meme coins.

FatFork

legendary

Activity: 1596

Merit: 2588

Top Crypto Casino

Quote from: Picoulitto on February 18, 2024, 09:45:39 PM

Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?

I'd advise taking some time to read up on different crypto projects rather than just throwing money at random coins. Check out their whitepapers, chat forums, expert analyses - stuff that'll help you shape an informed opinion. Getting the lowdown on project goals potential upsides and downsides and all that can pay off bigtime down the road.

Obviously do your homework first before tossing any cash their way. Scope out which ones have real prospects ahead of them. If diving deep into crypto feels like too much hassle, there's no shame sticking with good ol' Bitcoin. Safest choice out there without a doubt.

Topic: Seeking Advice ‼️ - page 3. (Read 529 times)