Topic: your opinion about this investment strategy - page 2. (Read 789 times)

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

Your investment plan as a newbie is really impressive since you have a good idea on how to make investments. Diversification of investment is ideal and it seems that you chose your investment depending on your own criteria of crypto that you think has a potential in the future. You are making a wise investment decision setting an allotted amount of money monthly.

Invest with top altcoin like ethereum, ripple and bitcoin cash, maybe your collection altcoin investment is not good with many altcoin you choose look lower price. You must looking with altcoin can grow up and down every day because you can playing with price to get profit, if choose with altcoin price always down you wait for long time to earn profit with your investment money.

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

Actually mate putting money in different coin is a good idea ,but make sure as well that you can gain good return in the future.  Because you know not all coins nowadays can succeed , what i mean due to the current situation of the market . for me in my opinion much better to focus with the top coins in order to protect your capital and to assure you can accumulate profits . Actually holding btc is a good idea but in my view  the rest of your alts seems not certain ,wherein because of being not popular. I hope you make technical analysis first before buying that coins.

I think from the capital that you have what if you are more in bitcoin and focus with a little coin, you can start from Bitcoin, XRP and XLM because only when this coin still has the potential to be able to make a profit, does it have risks but at least the risk is not too high.

The best investment strategy is one that you understand and that you will actually stick to. Trading or investments can tend to trigger emotional responses, and emotional trading will lose you money every time as you depart from the strategy, thereby play long-term for 1 year or more In my opinion. First of all, you must understand it is an investment in new technology and in the future. if you want to HODL, you made a big decision.

Your diversification is not good because you allocate your money in so many altcoins. It is better if you will only buy altcoins that you can manage. The potential reward that you can get from that kind of investment strategy is low.

An entirely list cannot all bring profit, most especially the altcoins on the list. Bitcoin in long term is more viable than any altcoin that is invested in. Although, there are some other altcoins I feel should be added. Not so many people are aware of the utmost potential that BCH has. The same is also applicable to ETH.

There are coins that should be in your list but are not. There are also coins that are in your list but should not. Why are Ethereum, Litecoin, Monero, etc not included in the list? I have not heard of XML also. What coin is that? Another thing, what ATOM are you referring to? I suppose that is referring to Cosmos? There is also Atomic Coin and its ticker is also ATOM.

investing in cryptoqurrency is very risky but looking at the list you have mentioned I think it's a good choice like BTC, EOS, ADA & XLM. they are investments that I have, maybe some extras like BNB and ETH, you need to invest in them. they are altcoin which has great potential in the future.