The investment of 7k dollars is very huge and you can get more profit from it easily.
It is true that $7k is a huge amount and it will give you a good profit, but it is not acceptable that a person does not have proper knowledge and strategy about the markets and invests his money to get profit. Put it on the market. It totally depends on you if you have a proper plan and enough knowledge of market strategy (DCA). Then you can say that this $7,000 will give you a profit.
You should split the 7k into two half,it’s essential one to inverse 3.5k in the bitcoin.Because their will be sure profits from the bitcoin investment after some period.The fifty percentage of investment in bitcoin will help to manage the losses by the 3.5k investment in other altcoin.The coins like Ethereum,ADA,Matic are the good one for investing remaining 3.5k dollars.It’s best option to buy 1ETH and invest remaining 2k dollars in other coins.
Absolutely. Mate, your theory seems to be a prudent approach. Splitting your investment fund in half and investing one-half in Bitcoin could indeed be a wise move to potentially earn profits. Additionally, considering that the Bitcoin halving event is approaching, holding onto Bitcoin until then might result in even more significant profits than initially expected. Regarding the other half of the investment, using a dollar-cost averaging (DCA) strategy to diversify into the top 10 altcoins like Ethereum, XLM, Cardano, Polygon (Matic), Binance Coin (BNB), and others could be a reliable way to potentially generate some good returns.
This strategy allows for a balanced investment approach, combining the stability of Bitcoin with the potential growth of altcoins in the cryptocurrency market.