Which crypto should I invest? - page 5.

xiboothrezi

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.
I look on the crypto SafeMoon
It sound promosing.

I am long for safe investment and long term. Should i put money on it?

when you are still asking questions like this, it is a sign that you are not ready to invest. your money is your responsibility, especially investing in the crypto world the risk is very high.

are you ready to lose that 2k? my advice, it is better to invest with knowledge first. study the cryptocurrency ecosystem, understand the risks. investing in crypto must be ready to lose.

Btc, one of the safest for the long term.

Fortify

legendary

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.
I look on the crypto SafeMoon
It sound promosing.

I am long for safe investment and long term. Should i put money on it?

Maybe you will find most help in the "alt coin" section of the forum for advice if you're looking beyond Bitcoin. Ethereum is quite hot at the moment and being used in many new projects, so it might fit as a portion of your portfolio. Even though Dogecoin is hyped a lot and a bit of a meme coin right now, if you can see past the slightly silly name it has strong support from a team of developers and the amount in circulation makes it much more usable as a form of currency. BNB could also be worth it, as they might be the second large exchange to make a big stock market opening and anyone who has encountered their fees will know that using BNB gives you a substantial discount on the very popular trading platform.

isaac_clarke22

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Seems like this would belong to Altcoin Discussion since you're asking for a non-Bitcoin advice.
Kinda sus that you're like directly mentioning "Safemoon" like you're promoting it.
If you're going for long-term, just go for Bitcoin since you even asked here in BTC Discussion board.

kawetsriyanto

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Quote from: Trixoempire on May 14, 2021, 10:07:09 AM

But there is cryptocurency ''safemoon''
So is the safest investment to get rich?

Are you promote this coin or really don't know about this coin?
Safemoon is a new coin, it is really high risk to invest in this coin. If you are a beginner and look for a safer investment, just avoid investing in a new coin like Safemoon. You are better to choose top coins that become the favorite people to invest their money such as ETH, BNB, ADA, DOT, LINK, XLM, TRX, or EOS. Those coins are safer than the Safemoon.

udidrone

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.

I am long for safe investment and long term. Should i put money on it?

I will answer for safe investment and long term, about safe i think there are no investment which safe even insurance can collapse and gone with your money. About long term maybe wait bitcoin to dumped a little again and buy it. I think best for long term investment still bitcoin for now because we can see in future bitcoin still have bright chance for people to take profit in it.

ILuckyGuyI

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I haven't much knowledge about SafeMoon so I can't say much about it. I can give some advices to invest into of course but it is best for you to do a proper research before investing into especially not much known coins. If you want to invest into commonly known coins also, then I think BNB could be a really good choice for a long term investment for example.

MrcMrc

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At this moment Bitcoin is the best choice to invest in right now as the price of Bitcoin has drop-in recent times after making an all-time high 🆙 to $64k early this month, and there are other altcoins to invest in but make sure you do your research to avoid making mistakes.

Furious 7

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Quote from: Trixoempire on May 14, 2021, 10:07:09 AM

But there is cryptocurency ''safemoon''

So is the safest investment to get rich?

Are you sure about this safemoon and have done your research first?

I'm not really sure what your choice is what makes you want to be rich from it, is there any guarantee with this large supply of trillions, I don't really believe in shitcoin, it's much safer, what you hold now is better than choosing Safemoon.

You only want it for the long term so think again and remember this is still in the trend, if it is over, the shitcoin will probably fall too.

crwth

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There are many suggestions to be bought, and there are some things that you can miss out on. It's a matter of deciding for yourself and not relying on others and then blaming them because you followed them or learning how to know what to buy during these times. It's best to be aware of what to do and the current trends because they can be taken advantage of, but you would be devastated once it turns against you.

Anyway, the safe moon is technically not safe; just basing on its popularity alone during these times is risky. Not for the long term, unless you are shorting it?

I think with your 20k, and you could do a lot of things. Possibly, divide your 20k into different assets, in which you have chosen the best coins for you, and you decided it for yourself and then wait for it to rise. I think that's a great strategy and prevents putting everything in one asset.

This is not financial advice, lol.

Ridwan Fauzi

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Quote from: Trixoempire on April 18, 2021, 07:48:47 AM

I hodl. But not btc.

I have bnb, ada, eth, theta, ltc

How about your investment now? Has it given you a lot of profit? Let say, if you hold BNB since April 16 then then you have got a big profit.

You don't need our suggestion, you already known crypto currency because previously you have choosen a good coin that has given you a profit.

I don't know much about the coin that you mentioned and I suggested to move this thread to altcoin board because you have just stated that you aren't interested to bitcoin.

boyptc

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.
I look on the crypto SafeMoon
It sound promosing.

I am long for safe investment and long term. Should i put money on it?

Safe moon? I think its hype's done.

Are you really going to put $20k on it with single crypto? I'm not confident when someone is telling that and it's not bitcoin. With that amount, I'll be putting that alone on bitcoin.

acroman08

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seems like a lame attempt from the OP by trying to put publicity for "safemoon" crypto. not only that the reason OP gave is probably one of the most shallow reasoning I've seen regarding investing.

Lol, it seems like they are trying to control people and trying to force them to hold on to their "safemoon" coin with the promise of getting a percentage of the 5% fee taken from those who sell their coin.

Quote from: https://www.tomsguide.com/news/what-is-safemoon-price-where-to-buy-news

SafeMoon’s unique feature is that it charges a 10% fee to anyone who sells their tokens; 5% of this fee is then redistributed to all other SafeMoon owners, essentially rewarding those who hang onto their tokens and disincentivizing selling.

Kelvinid

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when lambo...

Well, good luck with your safemoon. You are taking a higher risk, I'm not sure how could you face that but either you believe me/us or not, SafeMoon can't be safe at all. Why not consider the known coins like Bitcoin, ETH, and BNB? They are known to that word safe and profit assurance, and I think you are gone too far from it.

Anyway, it was your choice. $20k is a big money, you can lose them all if you got mistaken. Think about spreading it, I think it is a good idea rather than focusing on a single project. I just hope that you won't regret investing in that project.

sheenshane

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Quote from: aoluain on May 14, 2021, 12:08:01 PM

SAFE + MOON = no brainer (literally)

Haha, you nailed it and I tend to agree with this.

Don't waste your time and money investing in a new project without even use in the ecosystem, it's literally insane believing they make a profit but it's high risk and possibly turns into a scam. There's nothing sounds promising on this SafeMoon, to be honest.

Why not put all your money on Bitcoin instead? It's proven and tested that you will potentially make a profit through its nature, the volatile. Sometimes people blindly believe in the hype, they even don't know what is the use of the project that they invest in. Remember, always have DYOR.

aoluain

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Something tells me that a suggestion of BITCOIN being the best investment for
the OP isnt really going to cut it, compared to "Safemoon" which is a really sound
investment because it is a SAFE investment which promises an investment
will increase in value "To the MOON"

SAFE + MOON = no brainer (literally)

Tytanowy Janusz

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Quote from: mk4 on May 14, 2021, 11:18:58 AM

Not sure if you're serious here or being a troll, but do you really think it's a safe investment just because it has "safe" in it's name? I could literally create a crappy cryptocurrency right now named "best crypto investment"; would that automatically mean that it's a great investment?

Looks like we are back in 2017. The end of alt seazon is here if we see topics like that...

@OP:
Don't you dare to invest in anything with knowledge you have. You will lose all your money. We are currently at the top (or very close to top) of alt seazon. We observe massive vlolatility. With every day we are closer and closer to end of it. Every altcoin will dump 80-99.9%. You will be left with 20-400$ out of your 20k$ !Here is what you should do:

Quote from: Tytanowy Janusz on May 11, 2021, 11:22:46 AM

Good time for investment was in 2018-2020. Good time for investment will be in 2023-2025. Until then newbie should do 2 things. Save as much money for 2023-2025 and observe how bubble is forming and how its crashing. To try to learn those emotions. FOMO all around the place. To know what to do with his investments when new bubble will start. When to cash out ... when every other is screaming "moon" "We are going to 500$ with this shitcoin". He will know that its the best time to grab his money out because he will know what bear market will do with all those lambo investors few weeks after.

barhavsky

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.
I look on the crypto SafeMoon
It sound promosing.

I am long for safe investment and long term. Should i put money on it?

if you want to invest safely and for the long term, then Bitcoin is the right choice for you to make an investment, because the price of Bitcoin will definitely continue to increase and of course Bitcoin is safer than altcoins, so you shouldn't hesitate to invest in Bitcoin for the long term and of course in the future you will definitely get a profit.

DarkDays

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.
I look on the crypto SafeMoon
It sound promosing.

I am long for safe investment and long term. Should i put money on it?

You need to think long and hard on which project you're going to drop all or most of your 20k. I'm saying this because the market can be shaky at times and you need to only go for beast projects. I shall refrain from naming any but all I advise you do is to look beyond team and project tokenomics. Good luck!

nightxglow

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I think it will be better if you do your own research, look more into the cryptocurrency you want to invest, see the pro and cons from them, and then decide whether you want to put your money there or not. Especially, if you're putting 20k, it's huge amount of money, and asking from strangers will just be pointless if you don't do your own research. You won't know whether they will really suggest you a good investment or not. I can't suggest which crypto you should invest, but maybe you can try to diverse your investment, so the risk will be divided as well, and you might not experience loss or gain at once, but it will be diverse. It'll help more with your investing decision as well.

arwin100

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Quote from: Trixoempire on May 14, 2021, 09:27:28 AM

Which crypto should I invest? I have 20k.
I look on the crypto SafeMoon
It sound promosing.

I am long for safe investment and long term. Should i put money on it?

If you don't know on which coin to invest better keep your money and don't spend it on recommendations of any users here since they might suggest you those shit coins here. Better do your own research first and once your ready pull out your capital and start on investing. Also better go with top alts since they are quite safe.

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