What Quantity of Altcoins to buy? - page 2.

Jating

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Quote from: voyager23 on January 24, 2021, 03:19:10 AM

Hi I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome. Cool

Personally, I have this strategy to invested initially at $100k, this is just me though.

Why $100? because that's the money that I can afford to lose in crypto. I'm sure you have heard this old adage before. And then I'll slowly re-invest if I have extra money and then hold for long term. This is just a basic strategy that you might use or you can make your own version out of it.

I usually don't trade though so I prefer long term hold and then portion by portion investment.

I would also suggest that you experiment yourself though, what fits your style of trading/investment.

tabas

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It's not the type of coin that I want to buy as you give it as an example, I'll get to have it for choosing $20 or 20 euros. I'll choose something else which is better.

Quote from: voyager23 on January 24, 2021, 03:19:10 AM

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

For my reference, it's just a short term coin to hold. For a long term goal to hold, there's something else better like Ethereum.

yazher

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Quote from: voyager23 on January 24, 2021, 03:19:10 AM

Hi I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome. Cool

To make it short when I buy some Altcoin I first see the worth of it and the history of its recovery from the bearish market. It depends on how much I earn from other Altcoins when I buy again usually they are more than that. I won't hesitate to spend more especially when I already made some research and made some calculations. It rarely failed though, You just need to spend some time on it. To be honest, I also experience some ups and downs when I first started but now everything seems right just stick with the rules " Don't invest what you can't afford to lose".

maydna

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That will depend on how much money you are willing to spend because if you have $100, it will not be recommended if you use all of $100. It will better if you use only 20%-25% of the total money you have, so you can use it to invest in the other altcoins. But I see many people will go all-in on their money just because they hear that the coin price will increase two times from social media news. You don't have to do the same thing as them because that will be too risky for you, especially if you don't have more info about the coin.

Be careful to invest your money, and don't use too big money if you are not ready to lose the money if the market suddenly gets down. You need to prepare some money if the market is down so that you can buy back at a low price.

Charles-Tim

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My contribution is that the OP should learn about cryptocurrencies in general before trying to buy altcoins, the value of altcoins can increase but that o likely the value start to reduce as fomo people bought it at high price, there are also many shitcoins in the market, the coins you will buy but remain almost stagnant or can reduce in price in the long run or even become dead. There are some coins that are subjected to pump and dump and price manipulation in a way people that have no experience about trading will finally lose more than they can possibly think until it happens. But, learning and having experience is a great tool to helping buying Altcoins in such a way to profiting such experienced people.

Greatdev

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Just make sure you can tell the difference between crappy projects and promising projects, it's why I will recommend top 10 projects for any newbies, the risks are pretty lower this way than investing on new projects, if you can't tell the difference start doing research

newwest

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Quote from: voyager23 on January 24, 2021, 03:45:33 AM

Yes investing 101.

I can afford to lose more than $500 (not that I want to).

I was just curious how people view smaller altcoins around 5p - 10p.

I had burnt my hands before in such types of coin, so not much looking into those coins. Do read and gather knowledge and then based on the analysis do invest in some of the coins which are steady or in the top of the list. Again, based o your investing style and risk ability the coins would differ accordingly.

palle11

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Quote from: voyager23 on January 24, 2021, 03:45:33 AM

I can afford to lose more than $500 (not that I want to).

And this is what matters in investment. How much you are able to lose and not cry blood Grin

Asking people to know how much to risk won't help your investment because you should your investing strength by yourself.

Check your possibility of profit with tron or the coin you want to invest. Check the maximum number or circulation of the coin because it can help the increase or decrease in price. Above it all, it is your decision to make too.

KaratX

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Quote from: voyager23 on January 24, 2021, 05:38:55 AM

Quote from: poodle63 on January 24, 2021, 05:10:31 AM

It's really up to you but you also need to consider your portfolio and as to the saying "don't put eggs in one basket" it's better for you to diversify. most of people usually invest in btc and eth then spread the rest to various alts.
Also, just spend what you can afford to lose as to not messing up your financial conditions.
I'm myself would prefer to invest only 20% or below if the coin is below top 10 by market cap but that's just my idea of investing in crypto

Hi thanks.
Your point about being below top ten by market cap, is that something you look for in an alt? Not top 10 market cap?

Still your choice to make friend, the reason why top 10 altcoins are are best for newbies is because they are more safer and reliable than other altcoins that are under top 10, for me I won't choose any projects that's under top 50 on coinmarketcap, do your won research and make a choice

voyager23

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Quote from: poodle63 on January 24, 2021, 05:10:31 AM

It's really up to you but you also need to consider your portfolio and as to the saying "don't put eggs in one basket" it's better for you to diversify. most of people usually invest in btc and eth then spread the rest to various alts.
Also, just spend what you can afford to lose as to not messing up your financial conditions.
I'm myself would prefer to invest only 20% or below if the coin is below top 10 by market cap but that's just my idea of investing in crypto

Hi thanks.
Your point about being below top ten by market cap, is that something you look for in an alt? Not top 10 market cap?

poodle63

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It's really up to you but you also need to consider your portfolio and as to the saying "don't put eggs in one basket" it's better for you to diversify. most of people usually invest in btc and eth then spread the rest to various alts.
Also, just spend what you can afford to lose as to not messing up your financial conditions.
I'm myself would prefer to invest only 20% or below if the coin is below top 10 by market cap but that's just my idea of investing in crypto

Rikafip

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Quote from: voyager23 on January 24, 2021, 03:19:10 AM

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

For me, it all depends on the size of my portfolio. Somewhere back in late 2018/early 2019 I got rid of all the altcoins except ETH (I sold those altcoins at the loss but that proved as a good long term decision since they sunk even more compared to BTC) and just a week ago I bought my first altcoins in the last couple of years. The way I decided how much to invest was simple: I set aside 5% of my portfolio (still keeping BTC in the 80-85% area) and decided to spread that amount evenly between few alts. Since I generally suck at trading and for me hodl works best, I invested in those that I think will perform good in the next 3-6 months.

Just remember, investing in altcoins is a huge gamble so you shouldn't overexpose yourself.

OcTradism

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You must have a clear mind with altcoins.

They are good for you to speculate or trade and not good for you to invest. With bull market you can earn more with altcoins but with bear market or corrections, you will lose more with altcoins. In long time, 2 to 4 years, you will lose with altcoins.

If you have interest in one altcoin, see the chart, if it is in a parabola rise, stay away from it and find another one.

How much money you want to spend with altcoins, it depends on how much money you wan to spend for crypto investment.

But as a crypto investors, you could not spend more than 20% or 30% of your capital for altcoins. 70% or 80% of your capital could be used for bitcoin.

voyager23

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Yes investing 101.

I can afford to lose more than $500 (not that I want to).

I was just curious how people view smaller altcoins around 5p - 10p.

RabbiTANK

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That's your own decision to make, no one is going to tell you that TRON deserves 100$ from your pocket or NEO deserves 30$ from your pocket, after making sure the project is exactly where you want to be then you need to invest only what you can afford to lose because crypto investment is risky, either you plan to invest 10$ or 10,000$ make sure it's the amount you can afford to lose

voyager23

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Hi I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome. Cool

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