10-20% of total investments is insane to buy bitcoins with.
Insane? Or genius?
If you bought it far earlier and it grew to that percentage it's someting different.
Not saying that I wasn't that insane when I started to buy bitcoins though.
Topic: When would you invest 10k$ ? (Read 4483 times)
10-20% of total investments is insane to buy bitcoins with.
Insane? Or genius?
If you bought it far earlier and it grew to that percentage it's someting different.
Not saying that I wasn't that insane when I started to buy bitcoins though.
10-20% of total investments is insane to buy bitcoins with.
Insane? Or genius?
I would suggest the same. Look at it as bitcoin is your whole portfolio, where bitcoin is the moderate risk. Put 90% in moderate risk and max 10% in high risk (altcoins)
But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
also you should not make bitcoin more than 10-20% of your investments.. This is what you can afford to lose. Because, bitcoin is more uncertain in future then any other investments you can guess.But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
10-20% of total investments is insane to buy bitcoins with. Risk less than a few % at most and let it grow.
Once you saw a 10fold cash out double your intital investment and you are good to go. In a few years
you might be holdin a fortune or got your money back.
I belive a 10fold is still realistic from current prices, but after that I wouldn't speculate on it anymore.
I'd invest now if you haven't already but I'd take it slow until you have a better understanding where the market will go.
Litecoin is making moves right now... it seems to be get in now or forever hold your peace....
Litecoin is following in Bitcoins footsteps, you can bet the bank on that.
Litecoin is following in Bitcoins footsteps, you can bet the bank on that.
Even though I have a considerable amount invested in LTC now, I wouldn't really recommend investing in it right now. Its value quadrupled in less than 48 hours due to purely technical trading - no news coverage etc, just people buying because other people are buying. Seems very risky at the moment. That said, if it touches $50 I'm just gonna say screw it and buy some more anyway.
BTC at the moment seems pretty safe, surprised there was no resistance at 1000.
BTC at the moment seems pretty safe, surprised there was no resistance at 1000.
If BTC goes up all those coins that you mentioned and also some others like primecoin will most probably go up but their prices are tied to bitcoin anyway. So the question is why to put money in those alts and not in the real deal.
It isn't even a hedge strategy because if bitcoin collapses every other coin will collapse just seconds later.
The point is BTC price is very high ATM... altcoins are compartively cheaper, and it's much easier to get 100-300% growth in them... Bitcoin seems to keep capping out at $1,000.
There isn't a thing as cheap or expensive coins since you can buy any denomination of a coin. What you are talking about is that some coins are probably undervalued and have more potential. That's possible but take in mind that they are much easier to manipulate as well because of the low market caps.
I would suggest the same. Look at it as bitcoin is your whole portfolio, where bitcoin is the moderate risk. Put 90% in moderate risk and max 10% in high risk (altcoins)
But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
also you should not make bitcoin more than 10-20% of your investments.. This is what you can afford to lose. Because, bitcoin is more uncertain in future then any other investments you can guess.But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
True, but I can't look into his portfolio
What I meant to say was that if you want to invest 10k in cryptocurrency, bitcoin is the safest bet as it already has public interest and demand. If BTC goes up all those coins that you mentioned and also some others like primecoin will most probably go up but their prices are tied to bitcoin anyway. So the question is why to put money in those alts and not in the real deal.
It isn't even a hedge strategy because if bitcoin collapses every other coin will collapse just seconds later.
The point is BTC price is very high ATM... altcoins are compartively cheaper, and it's much easier to get 100-300% growth in them... Bitcoin seems to keep capping out at $1,000.
But i would say to put some percent of your bit coin portfolio in other coins , because they have bigger upper potential then bitcoins, some are going up even 1000% right now. But they can come down to zero as well, so put only small amount
I agree that this is how it seems now but probably it's just speculation that drives the price of those altcoins, so if you are not willing to speculate i would suggest to stay in bitcoin. Of course there are people that claim the same for bitcoin anyway.
I would suggest the same. Look at it as bitcoin is your whole portfolio, where bitcoin is the moderate risk. Put 90% in moderate risk and max 10% in high risk (altcoins)
But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
also you should not make bitcoin more than 10-20% of your investments.. This is what you can afford to lose. Because, bitcoin is more uncertain in future then any other investments you can guess. But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
I would suggest the same. Look at it as bitcoin is your whole portfolio, where bitcoin is the moderate risk. Put 90% in moderate risk and max 10% in high risk (altcoins)
But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
But in the end, it is all extremely volatile. You either get rich, or lose all within 2 years. (I think)
You are right that it isn't hedging, if you want to hedge put your eggs in different basket not different column of same basket.. You can put in precious metals, real estate etc.
But i would say to put some percent of your bit coin portfolio in other coins , because they have bigger upper potential then bitcoins, some are going up even 1000% right now. But they can come down to zero as well, so put only small amount
But i would say to put some percent of your bit coin portfolio in other coins , because they have bigger upper potential then bitcoins, some are going up even 1000% right now. But they can come down to zero as well, so put only small amount
I totally agree, I wish I knew that bevor I went 100% on altcoins.
Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
Experienced trader or not, take $10K and put it all in LTC, NMC, and PPC, and you will NOT be disappointed 1-2 years from now.
If BTC goes up all those coins that you mentioned and also some others like primecoin will most probably go up but their prices are tied to bitcoin anyway. So the question is why to put money in those alts and not in the real deal.
It isn't even a hedge strategy because if bitcoin collapses every other coin will collapse just seconds later.
I totally agree, I wish I knew that bevor I went 100% on altcoins.
Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
Experienced trader or not, take $10K and put it all in LTC, NMC, and PPC, and you will NOT be disappointed 1-2 years from now.
Are you expecting you WILL be disappointed if you put it in BTC?
I totally agree, I wish I knew that bevor I went 100% on altcoins.
Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
Experienced trader or not, take $10K and put it all in LTC, NMC, and PPC, and you will NOT be disappointed 1-2 years from now.
The only way you will be happy is if you buy half alt coins and half bitcoin.
I totally agree, I wish I knew that bevor I went 100% on altcoins.Having the oportunity to buy into an oversold altcoin market could make serious money if you know what you are doing. That's noting I'd advice for people who haven't traded something like forex bevor they heard about bitcoins though.
I've been down this road 
The only way you will be happy is if you buy half alt coins and half bitcoin.
Alt coins are the ones that are going to give you 100-300% return on your money at this point (see NMC and LTC recent rise in price).
Bitcoin is going to probably cap out at 900 again and sell all the way to 500-600.
The only way you will be happy is if you buy half alt coins and half bitcoin.
Alt coins are the ones that are going to give you 100-300% return on your money at this point (see NMC and LTC recent rise in price).
Bitcoin is going to probably cap out at 900 again and sell all the way to 500-600.
I would wait for another crash. The price seems to take a dip every 2-5 days. Wait for a dip and buy. Just be careful not to catch it on the downslope.
The problem i see with crashes in bitcoin is that they tend to be flash crashes followed by flash rises. It's easy to miss the window.
This is true! You must be ready for a dip.
With all profesional money beginning to flow into the market it's not sure they wouldn't buy most of the correction. People then paniking that they won't be able to buy back their gamble on a correction and we could see some extreme spike after a fake correktion. Once professionals decided at the price where they would buy the whole market we won't ever see prices below that.
Only god knows if todays price is below or far far above it. The only huge mistake you can make on bitcoin is not beeing invested at all. You wouldn't like to addmit your mistake and would wait even longer. Humans tink very alike and once you bought anyways most other people did too. That could be the ATH just bevor the coming correction.
It's stupid to risk a fortune for having a bigger fortune when you are currently broke.
Go cost averaging or similiar methods. You can't be smarter than the market if you are the market!
I would wait for another crash. The price seems to take a dip every 2-5 days. Wait for a dip and buy. Just be careful not to catch it on the downslope.
The problem i see with crashes in bitcoin is that they tend to be flash crashes followed by flash rises. It's easy to miss the window.
This is true! You must be ready for a dip.
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