Hey guys
So currently iv started playing with crypto about a month ago, and can afford to put around $100 a week into it. Iv made some investments into OMG, NEO, PAY, IOTA, ETC and XRP.
My question is, should i still be working my way to gaining 1 BTC first before anything? Price is so high right now and i have no idea how its possible when i can invest so little, hence why im just playing with the alt coins for now.
Any tips on what i should change? or what i should keep doing??
Thanks in advance
As far as investing itself goes.
You have stashes in most of the leading coins so losing money is less likely. Personally I would keep 50 to 60% in "high security" cryptos like Bitcoin, Monero, Ethereum (not classic) or similar ones, and put the remaining 40 to 50% into very young low market cap coins with great potential. Split this up among 2 to 5 coins or assets and do a lot of research. Look for projects that aren't too difficult to implement, have a solid team and offer some incentive to holding the coin (the coin should be useful for something). This way you will most likely at least keep your invested money even if all "risky" investments fail, and in any realistic scenario you will make much more money than by just buying the already popular big coins. With the small amounts of money that you're investing I wouldn't really give a shit about losing some in exchange for outrageous ROIs either, which is why I'm proposing this way.
Once you reach a substantial amount of capital that you wish to preserve you can think about moving more into Bitcoin and even Stocks or other low volatility assets.
Depending on your situation you may or may not want to consider student loans. There are some countries that offer extremely cheap subsidized credit.
There are some points to watch out for. First, make sure you calculate the amount of debt that this approach would accumulate and make sure you will not regret it if all your invested money disappeared one day. Then make sure that you are studying in a field with high job security (e.g. Machine Learning, Artificial Intelligence, Big Data).
Basically, with loaning to invest you want to make sure that you will absolutely not run into any problems even in the worst case scenario of losing all the borrowed money. Depending on your situation you could take a small or a big loan, or none at all. That's up to you to decide and don't listen to anyone else about this issue because they have no fucking clue what works for your situation.
Good luck.