Topic: your opinion about this investment strategy - page 5. (Read 806 times)
Bitcoin just dipped to $7500 I think that's something that you can't ignore. About your total holdings, I think you should really add more about bitcoin on that stash and increase it to maybe half of your total percentage. And with your monthly allowance and plan of buying with $250, that's a good idea and you should continue that as long as you can. Many are actually doing this and they've understood the risk and the possible swings at random days just like that what happened today.
There's no point investing now, wait for market reversal. Your strategy of investment spread is good same with your choice of investment coins those are projects for long term.
You did a good job by spreading out your $2,000 investment on different coins. Not sure about all the coins, but you did invest on some coins that have potential and isn't going to end up being a shit coin.
Adding $250 every month to your investment is actually another wise choice taken by you. What ever you do, make sure you invest most of your coins on BTC and then spread out the rest on other well known coins.
Adding $250 every month to your investment is actually another wise choice taken by you. What ever you do, make sure you invest most of your coins on BTC and then spread out the rest on other well known coins.
I think your strategy is very good for thinking about the future by investing in the cryptocurrency. if I only invest 3-5 coins, but it depends on how much your investment capital. If I choose:
BTC 50%
ETH 25%
XRP, EOS, USDT 25%
but also must consider the market situation first, whether there is potential or not
BTC 50%
ETH 25%
XRP, EOS, USDT 25%
but also must consider the market situation first, whether there is potential or not
I think if you are investing long term for a few years then this list should not matter but if you only invest a few months then I think you should not invest too much in altcoin. BTC is a safer option in the medium term.
It seems like OP is here for a long term goal because he/she is planning to add more investment every month depends on the market condition which I think a very good strategy to maximize the profit in the long run. The listed altcoins are all good because these coins have a big potential to grow its price over time.
and besides bitcoin, Ethereum and Altcoin are very good and promising coins that you must have among other coins, but you don't list Ethereum and Litecoin.
I think if you are investing long term for a few years then this list should not matter but if you only invest a few months then I think you should not invest too much in altcoin. BTC is a safer option in the medium term.
It seems like OP is here for a long term goal because he/she is planning to add more investment every month depends on the market condition which I think a very good strategy to maximize the profit in the long run. The listed altcoins are all good because these coins have a big potential to grow its price over time.
I think if you are investing long term for a few years then this list should not matter but if you only invest a few months then I think you should not invest too much in altcoin. BTC is a safer option in the medium term.
he entrusted ADA which i really think is also one of the best project in crypto. if there is one project that could outrank the ones on top like ETH and EOS, it must be ADA but then of course its not happening yet because the project hasn't completed it development yet. the CEO of this project is is by the way the co-founder of ETH and has the intention to make this project to solve the scalability.
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.
Stick to your guns there and never ever invest more than you would be comfortable losing (not that it's ever really comfortable). Some coins on your list like QTUM are pure crap and you should get rid of them. Honestly if I were you I would put all of what you're willing to invest into bitcoin, and you don't need to own one whole BTC. I don't know why you consider that a rule.
If not, stick with the big name coins like Eth, dash, neo, ltc, monero, and most of the top 50 coins on coinmarketcap.com. Stay away from garbage like QTUM and ATOM, and I'm also not sure what the latter even is. That should tell you something. There won't be a market for those coins in about 5 years.
Great and well thought portfolio. BTC has a solid part and you have spread your money among different altcoins. The only thing that bothers me is Ripple investing, I do not see a point in investing in a centralised and regulated currency.
You are introduced by your friend and you just invest because you follow what you said, it is bad investment because you do not have enough knowledge about the coins that you bought.
Things like that will be very fatal as a result, because to invest in some altcoin, of course you have to have a lot of knowledge, because not all of your friends' suggestions can be taken for granted, because we ourselves also have to find out about altcoin which we will make as a good investment in long term, or short term. 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?
If i were you i will make bitcoin 50% of my investment plan and the remaining 50% on altcoins that are so responsible to the movement of bitcoin, i am talking about altcoins like bitcoincash, ethereum and litecoin and other few altcoins with good use cases 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?
you are just increasing your risks and minimizing your profitability by including altcoins in your investment. you can take a look at the market right now as bitcoin price had a small drop, all of these alt coins in your list had a massive dump and have lost at least 5% more than bitcoin price drop. and the problem is that when bitcoin recovers from this drop these coins are going lower with another dump.
Those coins are good selection. They are top in the coinmarketcap and already trading on top exchanges with decent volume. My personal opinion is you can learn more about technical analysis to find correct points to buy the and you can add more top coins from coinmarketcap to the list.
a very good opinion crypto currency or crypto coins can be developed and thrive depending on the investor itself the greater the investor's interest in investing the higher the price of the coin and in my opinion bitcoin remains the best in the crypto market at this time for future development nothing can predict with certainty I don't think that OP will consider an investment with ethereum, as his statement above, he is not a fan of ethereum, even if we all know that ethereum is a good investment, he should have considered buying ethereum even a small percentage from his investment to have an opportunity.
Yep, he is using his emotion deciding the portfolio. letting emotion taking control of your investment is a bad idea. What is the point of investing our money if we are not looking for profit?
it is fine, he is not a fan of Ethereum(not all of us invest in Ethereum is Ethereum fan), but excluding it from his portfolio because he is not a fan of it is wrong.
that is why I am telling him that.
My plan is to only purchase BTC as store of value and then try and hodl (using crypto lingo) these alt that I referenced above
I am not planning to trade actively, unless there is a [considerable] big pump, in which I might consider to dump the assets, with the aim of wait and buying cheap
Well I guess you don't want to keep some shitty coins on your wallet. If I were you, I won't bother to buy shitcoins instead of buying top 10 coins or else you are missing part of your life.
Though bitcoin is definitely a good catch but diversifying into good coins is essential towards trading.
I like the way you manage your finances, very detailed and organized. For coin selection I agree, the coins you have chosen
most of it does have good future potential. Just a little confused with the XML coins I don't know about those coins. By the way
I am very glad that someone seriously thought about his retirement, you're awesome. I'm sure your planning is mature related
to investment plans. I support with all the choices you have made, and hopefully all your plans run smoothly. Good luck.
most of it does have good future potential. Just a little confused with the XML coins I don't know about those coins. By the way
I am very glad that someone seriously thought about his retirement, you're awesome. I'm sure your planning is mature related
to investment plans. I support with all the choices you have made, and hopefully all your plans run smoothly. Good luck.
You are introduced by your friend and you just invest because you follow what you said, it is bad investment because you do not have enough knowledge about the coins that you bought.
Its a nice investment strategy, in crypto you don’t have to go all in at least allocating 10% of your total wealth is already a good move. Yet investing in crypto is another way of escaping the inflations although it is not safe heaven but chances are extremely good.
I myself am allocating investment is still divided into several sectors ranging from stocks and also for savings to buy property assets. not all of them I invested in one field like cryptocurrency. this is clearly quite risky if we invest in just one field. because the risk is quite large
Those coins are good selection. They are top in the coinmarketcap and already trading on top exchanges with decent volume. My personal opinion is you can learn more about technical analysis to find correct points to buy the and you can add more top coins from coinmarketcap to the list.
Jump to: