Which plan seems better? - page 3. | Bitcointalksearch.org

DarkDays

legendary

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Quote from: davis196 on March 12, 2021, 07:01:34 AM

Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Why do you want to buy BTC and ETH,since their prices are moving in the same direction.
Real portfolio diversification means buying various assets,which prices aren't correlated to each other and are not moving in the same direction-up during a bull market and down,during a bear market.
I think that it doesn't matter if you buy BTC and ETH only or BTC,ETH and LTC.It's basically the same to me.
I'm a Bitcoin maximalist,so I would buy 100% Bitcoin and 0% altcoins. Grin

Yes, I can see what davis196 is saying. Bitcoin and ETH/LTC are quite similar. I'd go with option 2 but increase the timeframe i.e. monthly and I would recommend a switch away from LTC. If you really want an alt there are better ones out there that can increase much faster in value like ORN, DAO Maker or even Alice. It is up to you but try to diversify a little.

sayaya17

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Investing in bitcoin and ethreum is what we should do. But if we look at the movement of ethereum always moving where bitcoin goes, maybe for me
I prefer bitcoin only. On the second plan, it may be included ethereum in the investment portfolio weekly or monthly. But it depends when the price is low.
Looks like it's interesting to me. Because besides long-term investments, I also want to make a profit every week or month.

verita1

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Both plans are good and basic. It could be convenient for any investor. Everything will depend on the purchasing power of those who are interested in investing. Just as mk4 says think about purchasing a Ledger Nano S or a Trezor from their original websites.

I would add other altcoins because it is my preference for the purpose of Hodl and to pay my bills. In total I would stick with BTC, BNB, AVAX, hodl and ETH and Dash to spend.

I am proud because despite various situations we are upholding our ideals as a community. We have managed to get more enthusiasts to join our current of cryptocurrencies and as we are united and are more we will conquer more achievements.

Vaskiy

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Second plan seems to be more effective, go for regular buying of bitcoin and ethereum on the weekly/monthly basis. Along with this litecoin seems to be fair choice compared to many other altcoins. With the next bull market we can expect litecoin to pump high. Compared to the price of bitcoin and ethereum what we have for litecoin is low. Based on this, saving in the form of altcoins-litecoin is a good choice.

dimonstration

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Dimon69

Quote from: bitgov on March 18, 2021, 04:35:19 PM

Best plan is the one that comes after your own planning aka DYOR. It's advisable to built a diverse portfolio that has multiple coins in it. Never put all your eggs in one basket, thats the key point.

But always remember not all coins worth having for. As per OP question on where to buy hardware wallet it is not necessary to buy alot of coins to store in it. It's good diversify depending on our knowledge and how we see the potential of that coin depending on our goal of long or short period. I do diversify alot before and end up in lose since some projects didn't continue their plans so it's good to be updated or more trade with alts and hold BTC more.

Iranus

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Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.
Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.
HODL both obviously.
Also at what point is a hardware wallet required?

Buy Bitcoin on weekly or monthly basis, don't trust in Altcoin, Altcoin has no future, You can buy Bitcoin weekly basis at the weekend dump. It is sure that Bitcoin will surpass 100K this year or within the next two years, But there is no guaranty for altcoin, Altcoin market is a shitty and creepy market, Most of the altcoins are getting crushed when Bitcoin dumping, but few of them are able to recover.

wxa7115

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Bitcoin is GOD

Quote from: TheNineClub on March 17, 2021, 03:53:49 PM

A hardware wallet is required at any point you wish to have your funds as secure as possible. That can be at the start or after you accumulated some assets, it all depends on how much you invest and the fluctuation of the market. But whatever your goals are I highly recommend getting a hardware wallet from the start. Do not be stingy with this. Buy the best brands and invest in your own security.

A hardware wallet is not a must but it is without a doubt a great investment if you do not know how to secure your coins properly with a software wallet, people love to use insecure Operating Systems like Windows and download wallets without verifying if they are on the right website or if the wallet has not being modified in any way.

If you do not feel like doing any of that then get a hardware wallet, but if you know how to secure your computer a hardware wallets is not as critical for you and your capital.

bitgov

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Best plan is the one that comes after your own planning aka DYOR. It's advisable to built a diverse portfolio that has multiple coins in it. Never put all your eggs in one basket, thats the key point.

MiningBattalion

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Quote from: carlisle1 on March 18, 2021, 10:31:50 AM

The amount of investment is well enough for the start up, and having a hardware wallet is the right advise to secure the funds.

Whatever plan OP use, it's always better to follow your own instinct.

Quote from: gurunanakji777 on March 18, 2021, 09:03:38 AM

I think when you have at least 1000$ worth of coins you must have a hardware wallet. It is much safe to have coins in a hardware wallet rather than on exchanges. Plan 1 is much better than Plan 2 in my opinion but I would say Don't plan to buy every week buy only when dips after rising.

Quote from: Alucard1 on March 18, 2021, 09:31:44 AM

I prefer plan 1 because I am not into LTC, I am only into BTC, Eth, XRP, and Doge, itis good to explore yourself in different assets but that is riskier than focusing on only 1. The best thing to do is to try plan 1 first for a month and if it seems successful then just focused on it but if you think it's not then going for the second one, I think there would be a bit result for one month, just trial and error, it is normal to lose at the first try, that would make you a better person.

BTC and ETH good for both long and short term trading as long as you are willing to take the gamble and not to fear with

any market changes, trial and error will lead you to dig for more strategies.

Planning begins with goals. Goals are derived from the vision and mission statements, but these statements describe what the organization wants to achieve, not necessarily what it can achieve. These conditions are examined through a process called a SWOT analysis. Together, the vision and mission statements and the results of the situation analysis determine the goals of the organization.

carlisle1

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The amount of investment is well enough for the start up, and having a hardware wallet is the right advise to secure the funds.

Whatever plan OP use, it's always better to follow your own instinct.

Quote from: gurunanakji777 on March 18, 2021, 09:03:38 AM

I think when you have at least 1000$ worth of coins you must have a hardware wallet. It is much safe to have coins in a hardware wallet rather than on exchanges. Plan 1 is much better than Plan 2 in my opinion but I would say Don't plan to buy every week buy only when dips after rising.

Quote from: Alucard1 on March 18, 2021, 09:31:44 AM

I prefer plan 1 because I am not into LTC, I am only into BTC, Eth, XRP, and Doge, itis good to explore yourself in different assets but that is riskier than focusing on only 1. The best thing to do is to try plan 1 first for a month and if it seems successful then just focused on it but if you think it's not then going for the second one, I think there would be a bit result for one month, just trial and error, it is normal to lose at the first try, that would make you a better person.

BTC and ETH good for both long and short term trading as long as you are willing to take the gamble and not to fear with

any market changes, trial and error will lead you to dig for more strategies.

kryptqnick

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I'd go with Plan 1 when the prices go down at least a little. It's easier to just buy the coins and wait until you're in profit than to do weekly activities as Plan 2 requires. What I also don't like in Plan 2 is that you want to buy cryptos regardless of the price, and this could result in buying at a high price regularly. But considering how high the current prices are, I wouldn't risk going forward with any plan for now. I'm pretty sure the prices will go down by at least 50% at some point, so I'd just wait for it. Buying at ATH is a mistake many made in 2017, so I would avoid repeating it in 2021.

AicecreaME

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I think it's much better if you won't limit your choices in just three coins if you really want profits in the long run, well it's just my opinion since we have different perspective on how to earn profits and it's much easier to look if you only have three charts, to be honest since those three choices of yours are good to hold for long term.

I would recommend BNB if you'll add it to your top coins to hodl in the long run since I've read a lot of articles already saying that it's a good coin to be hodl in your bag. For your wallet, I would suggest Trezor.

Alucard1

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I prefer plan 1 because I am not into LTC, I am only into BTC, Eth, XRP, and Doge, itis good to explore yourself in different assets but that is riskier than focusing on only 1. The best thing to do is to try plan 1 first for a month and if it seems successful then just focused on it but if you think it's not then going for the second one, I think there would be a bit result for one month, just trial and error, it is normal to lose at the first try, that would make you a better person.

gurunanakji777

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Activity: 2184

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I think when you have at least 1000$ worth of coins you must have a hardware wallet. It is much safe to have coins in a hardware wallet rather than on exchanges. Plan 1 is much better than Plan 2 in my opinion but I would say Don't plan to buy every week buy only when dips after rising.

BChydro

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Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

HODL both obviously.

If you are holding then you can do so till the market reverses but i do not recommend any investment decisions at this point as the risk is much higher and if your plan is long term then you cannot accumulate.

Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

Also at what point is a hardware wallet required?

If you are seriously investing and view the market as an investment opportunity then you should spend money on securing your assets because that should be the main aim before investing since the market is not irreversible and you need to safe guard your assets.

carlfebz2

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I would alter some which would be on this proportion. BTC 70% and 30% on ETH then hold those coins and buy on what price that you do decide to buy in.

For Hardware wallets:
-Ledger (https://www.ledger.com)
-Trezor (https://trezor.io/)

Choose which one fits for you.

jossiel

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Regardless of the choice, they can be both the best for you. I suggest you try the plan 1 before proceeding to plan 2. If you find it effective doing the plan 1 then consistently continue doing that.

But if you find it less effective and you think that you'll improve more by doing the plan 2, start proceeding to the next step by doing that. You can test both strategy and whichever you think is the best and suits your investing style, stick to that plan.

dunfida

legendary

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Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Go with Plan B.

Buying those coins on weekly manner with 50% allocation on each one and it doesnt really stress you out on what price you should get in because you are aiming for long term aspects.
Asking about hardware wallet then its a recommendable thing rather than storing those coins on a custodial wallet.
You should know on what are the basics on keeping off those coins on a HW.

adzino

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Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

How did you come up with these plans? Sounds too complicated lol. Didn't even understand what your plan 2 is actually trying to do.
Anyway, which one do you think you can afford and comfortable with? Go with that one. Or maybe no need to complicate things. Just invest in Bitcoin and ethereum (invest more in btc than eth) every week or whenever you can and just keep holding it. Once you reach your profit goal, take your profit and start investing again. Easier right?

Asuspawer09

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Quote from: ConnerDalfino on March 12, 2021, 05:20:17 AM

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Both plans are kinda sketchy for me, Plan 1: buying bitcoin and ETH only? it's true that these 2 cryptocurrencies are the safest investment in the market and for sure going to be a huge amount in the future but its kinda late already so compared to other investment it will surely going to give you less profit compared to investing in altcoins low cap coins in the market. Buying in the dips only is a good strategy buying selling bitcoin and eth with that method is probably one of the best things you could do to make sure of your profit.

Plan B: This kinda great strategy if you're going to a long term investment in Bitcoin, Ethereum and Litecoin as well, doing investment weekly in different cryptocurrency week would not maximize your profit since somethings you could be buying with its pumping, and it's not a good time to buy with the market is green. As well as the fee would probably cost you if you're going to do it weekly compared to just buying bulk once.

Topic: Which plan seems better? - page 3. (Read 783 times)