Bitcoin Forum

Hello, this is my first post but have been reading a while. I registered because there a few users who really seem to know what they're talking about.

I have a lot of questions  so  please have patience

I'm going to be investing around $100k into a few  coins. I don't understand the logic of investing in 15-20 coins and investing solely in 1 coin seems a bit risky. My first question   is  regarding the big stable coins.. I  want to invest at least half of the $100k into   a coin such as btc, eth, ltc

Out of the the big coins, which would you recommend  as the best  bet over the long run? My definition of long term is  3 years minimum. I feel very safe investing into btc but if the consensus is eth or ltc  I'll take that into consideration. A mix of 2 of them is also something I'm considering

Now to the altcoins.  I'll likely be  starting  investing  in some altcoins  within a week or 2.

Which altcoins are you guys really really  hopeful of?  I'd like to divide this into 2 cases.

Altcoins which will be a boom in the   long run and should hold.

altcoins which will see a huge boom  within a few months/days/weeks  to a year  which  then might dip or crash. I'd get  out of these coins during the pump and buy more  btc/eth etc   then  repeat the process.

I have another   questioning regarding withdrawals and trading. I'm currently in the United States and there's a lot of restrictions it seems. I'm cut off from many markets. Can I accomplish most of this while residing in the States or  would it to be beneficial to get a residency permit in a place such as Curacao or the Netherlands?

Finally, let's say I make a very large profit and attempt to withdraw  into a bank account or   into another wallet, should that nott be an issue? Which exchanges   should I be looking at? I'm currently using Bitstamp  mainly but now have an account on Bitfinex.   Fantastic board here

If you have $100k and you are 100% sure that you are using that money to invest in something then invest in Bitcoin. If you don't invest in Bitcoin before investing in an Altcoin if you decide to move to an Altcoin that is then there really isn't anything that we could suggest to you because the odds of you making your money back through that investment is close to none.

Bitcoin can be used all over the world.
Withdrawing a bunch of money into a Bank account isn't that hard and there's other ways of transferring large amounts of money as well.

Hi Kitty, thank you  for the reply

I already have some money in btc. I've been using it a few years but  never bought a lot at one time. I'm not sure I understand the rest of your post. I think you  mean that I'll have to use btc to buy  altcoins? I sort of figured that but interested in investing  in some of the other coins.   So you think if I  put in a decent amount of money(aka btc) into Waves or  something such as syscoin,  I have 0% chance of  a good return?

Regarding your investment question, i would say go like this. Split investment 70/30 into "known" coins and potential known coins. Like 70% of your investment into the ones you think are here to stay (Bitcoin, Etherium, Litecoin,...) and the 30% would go to other great coins like NEO, Stratis, Lisk, Waves, Monero,...


You could split your investment even more (50%, 30%, 20%), and invest in even lower ranked coins (that could yield higher profits). I recommend checking on https://coinmarketcap.com .
So you can invest some % in coins with market cap < 5, some % in coins with market cap < 20 and some lottery coins with market cap up to 100 if you wish.

If I would have 100K I would invest 1000$ in every top 100 ;) (on dip)

I would personally split it %50 and %50 first.
%50 goes directly to bitcoin, ethereum, litecoin, monero, dash and nem. their rates may change.
I would split other %50 as well, 30 - 20
% 20 would go to ICOs, very speculative coins.
other %30 would go to Waves, NEO, Stratis, Factom, Lisk, Zcash, Doge, Ardor.. so its very wide range altcoin investment.

It would finally be something like 40 coins + 5-10 ICOs.

thank you!! that's kind of what I was looking for.  I'm  thinking  maybe even 65/35 or 60/40 but a little averse to 40%. There's a poster i here that has been spot on with his predictions so I'm considering syscoin.  Waves seems to be very big here as well.  Will it be difficult to convert a coin such as waves back into btc if needed?  I hope I don't sound too paranoid. I've had no issues so far with any of the btc exchanges I've been on

My advice is, don't listen to anyone on this forum or anywhere else. Especially if they know that you have money. They will try to fuck you over 99% of the time. And the remaining 1% are people who have no clue about what they are talking about.

With that said, the general way to investing is figuring out potential investments and how they could develop in different situations. You want to have a "worst case" prediction, a normal prediction and a "best case/optimistic" prediction.
Then you balance a portfolio of different investments and compare their worst case / normal / optimistic performance and figure out which one you want to go with.

Always make sure that the worst case scenario is not going to be a problem for you.


Getting accurate predictions is the real trick to this though, and very few people can do this successfully, which is why you shouldn't listen to anyone.

I wouldn't bet on bitcoin or litecoin

I read your post and I have some word. I think you should invest in 2 coin. Maybe 3.
First for short term (end of this year) : ETH - Why? Now we have many ICO everyday. Most of them are scam but we still have some good ICO. And people need ETH to invest. And China had blocked ICO. It's will make NEO price down and China people will have a look at ETH again.
For long term (2 years) : STRATIS - Why again? They have active dev. More big update will come. They still follow their roadmap. You should think stratis is the same with ETH (price now is still low) but have more technology. IT people love stratis. I mean C# community.
and for fun. Bitcoin cash. A bitcoin with low fee.

A lot of money . You need to get professional help ? Good luck .

That is a huge money you are planning to invest. Bitcoin is the most secure and safe if you want to be assured that your huge investment will surely earn and not acquire losses instead. But if you really want to try invest into alts I would assure you that you choose the top 10. The ones that are trusted by big investors and companies because these are the ones that will last longer and will become more solid as time passes by. It is prudent if you will make your own research as to what are these though. I might be wrong if I name some specific coins.  

some people had same idea... but in my humble opinion it is just stupid. You will gain on one coin and loose on three others in same time.


OP:
It's all about how much risk you are willing to take and for how long your invesment is going to be.
This is very crucial.

If you do not need money, and those are spare which can lay down for couple of years go Bitcoin/Litecoin/Monero
If you want quick profit and like to gamble, go for starting rockets, they can fail they can win ... it's gamble.

I had invested in bitcoin/litecoin in 2013, hodled till 2017, 2017 is trading year (mostly thanks to "free" BCH money I've got) now I'm out of bitcoin for while, cos I was able to gain much more percentage profits somewhere else, but I'll be rebuying btc for sure again (I dont really care if price is 4.7 or 5.2 as other coins gained much more profit in the meantime)

Forum is good place to gain some feelings, but not really good place to gain money advices ;)

I wrote a few  replies to a few posters  but they're now lost somewhere in Drafts which I can't seem to find?

I can survive a few years. I still have an ok business which will  sustain me. I saw a poster  say don't invest in btc but to me that's by far the safest bet out there.  It's the Coca Cola of digital currency. Most people that  know about digital currency conflate  bitcoin/digital currency.   That  is a very very strong case for btc.... My initial plan was 70 k, or 60 k into btc then  the rest into at most 3 others coins at 1 time.  I was thinking IOTA and sia though Waves has a lot of believers. I'm seriously considering a few k into syscoin then if that went up significantly I would just convert it back into btc. I  really see btc    growing and growing though who knows.  If Waves and a few others could be strong long term I'd put a nice amount into them but but not as much   as btc/eth investment

Yes, i have also seen the post predicting Syscoin (the guy has some spot on predictions as you said). I have also invested some in Syscoin.

Regarding converting, large amounts will most likely make some price rise/drop when you buy/sell them. It is easy to convert (just one exchange), but if you suddenly sell $10 000 worth of Waves, the price might drop a little bit. But it all depends on that current market.

Converting is easy, only issue are the little price differences that might occur. For example if you want to sell 500 waves for 5$ each. There might be a buyer buying 20 waves for 5$ each, then a buyer with an order of 130 waves for 4.98$ each and so on. So you will not be able to sell them all for 5$ (that is if you want to sell them at once, fast).

in the last of the post It seems that OP is thinking that it will be tough to make buy and sell directly for bank money is tough or complicated work , that is no a problem because we have many platforms to handle this thing .
In the starting of the post by OP , He is right at his place of thinking to lower the risk by investment in multiple coins .
Here i would like to suggest to OP tyat he should not invest all money but he should invest in small small amounts in the starting not with big because in the starting we need to know about thr main factor that why we got loss in this field and why we got profit , and that can be understood by us just by only to make loss+ profit like a lesson of trading .
Here my suggestion for the investment in the coin for the OP is that to invest in those low prices coin which have high potential like doge coin , RDD ,ETC , sia coin .

who knows ... that's it
you have to believe in your strategy no matter what, or tweak it accordingly.

If you are new, you will definitely have FOMO effect kicking you... you have to be strong to avoid that :) and you will be fine.
I'm not going to advise which coins to invest in, but personally I'm not really conviced about IOTA at all

But that's just me, there is so many option to choose from, which is good and bad alltogether as you want to invest in all of them but it does not make much sense to invest small amounts :P

I know, it's hard, be strong!

The first a lot of people are like to divided the amount into a lot of part caused by to decrease the risk and to make the subtitution strategy. Because some ico can get large pump more than 5x in a weeks. that makes they are try to choose a lot of ico rather than put in 1 or two coins. It seems you are in the safeplace such as bitstamp and finex, remember eth finex already launched.

Thats a lot of money to use on overvalued altcoins. I think you should start slow. Spend only little money at first and see how the value of the coins develop. If you are greedy and quick you are in risk to loose your money. Think what the real value of the coin is, not the speculative value in exchange.

Bitcoin and ethereum are the only really proven coins. Value of all others is based mostly on speculation. Even then ethereum is based on ICOs which themselves are mostly speculation.

I think there will be bigger crash within year. All will come down. Too much money is been poured into the coins without them providing any actual value. Of course after that they will rise again, good chance to buy cheap.

Which platforms are out there? I need to have my exit strategy in place before I really invest just to be safe. Converting on 1 exchange seems easy enough but I am worried if my investment is  a lot of money in a  few years(or dropping fast) that I'll have issues withdrawing from an exchange. Can these platforms handle this scenario?

100k usd is not that much money so you will have no problems with liquidity .... ;)

Yeah it was more a joke.
What I have done after I collected initial capital:
splitted it between 3 coins of choice and 25% left for day/week trading. So if you have some little time you can try to find short term projects to play with it, earned money I am splitting again between all options or adding new one.

is there a number when it starts becoming an issue?   Example, if I had put a lot of money on DEC last year the  amount would very large(at least in my world)

Same like many others so liquidity isnt affected that much. Maybe slower.

so the odds of one of these exchanges just refusing to transfer and  seizing my account are very low? Apologize if this question is very stupid. I'm only really familiar with btc and never had issues as of yet

doing exactly the same, I think 2017 is major year for quick not-so-hard profits with smaller amounts of given portfolio... ;)
yeye



I would say it's not low, just do not store much money on exchange and use bigger ones like bitstamp for fiat-crypto transfers, then rest of the exchanges for crypto-crypto but always make sure u have your funds transfered to your wallet when you do not need them on exchange!

well 100k is huge money, I'd give them to the professional investors and trades, like some kind of cryptofund.

Besides the different points which were already raised, I would add that it would be better to also diversify your investment in regards to time-frame.

Meaning: maybe do 25k today, give it a couple days, another 25k, etc.

I would even stretch it by placing the 100k throughout a full month. This might end up being good or bad, but it allows you to decrease the volatily risk, which in theory improves your risk-adjusted returns profile.

Furthermore, I personally would work with at least 2 exchanges - first it is good to have redundancy built in, second it decreases your chances of being questioned about large amounts of money flowing through.

just want to make sure of something. I understand the fiat part but let's say i have a coin...  and I try to convert it on an exchange. So far so good but then I wanna put it in my wallet. They can't stop that?  

Couve, I'm likely going to do that the more I think about it.

 

If your coins are on exchange basically you are not owning them, if you make withdrawal request it may or may not be processed, but in verified exchanges it's not an issue really.
Do not use strange ones and you'll be fine.

Never ever do that!
cryptos are here for everybody to be their own banks, letting somebody else to play with your money is much more riskier than proceed on your own!

"sorry bro, you've lost all .... bad luck, give me more" this is what actual stock-exchanges looks like. Been there seen that (before cryptos was born), lost money and never ever again

:) i think you confused couve with the guy before. I'm going to  slowly introduce the money into the exachanges. There's 0 chance I give my money to some fund. I'm quite confident I'll be ok doing this.  I'm gonna put a lot in btc  most likely just because i think its safe and  i'll invest a sum im ok with losing  such as $5000 to $10000 into one or 2 of these altcoins that might go up a lot. If they don't, i'll be annoyed but not a huge deal.   Is Radium available now on a verified exchange?

Don't believe anything on bitcointalk say u invest anything. It u want advice u can request but don't think all they say is the truth!

yeah I've misread one reply
I though that you want to give your money to somebody to invest for yoi :)

pardon me :)

https://coinmarketcap.com/currencies/radium/#markets

polo has it's bright moments, but ... but but, bittrex is probably better bet - but I hate their UI ;)

there is a less than 0% probability that I ever use Polo after reading  all the negative stories. Anyone here  evver withdraw a nice sum  ( more than 50kusd worth) of coin from bittrex?  Leads me to my next question. I see people happy about how much money they've made on decred... but has anyone here actually  cashed out a significant sum of money from decred? I'm just using it as an example. 

If you have any substantial amount invested into any coin do not keep your coin on an exchange. Transfer them to an offline wallet and back it up and make sure you don't lose it. Ideally buy a Trezor to keep your coins safe. There have been a lot of people who lost access to their coins either due to a lack of care or due to exchanges closing, getting hacked or getting "hacked".

Be as paranoid as you can and don't trust anyone or you'll regret it.

a lot of people cashing out, but with 3btc limit on trex it will take few days to actually cash out.
really for bigger amounts use Bitstamp - for BTC-fiat my only option, I'm not willing to gamble my money somewhere else.

I'm trading on Bitfinex and Bittrex and few others, but only smaller amounts. Well I now have quite a few money on finex ... but this is gamble you have to take if you want to trade more.

Invest in decentralised web. It has a bright future. Shift is a good to invest in.

Diversify your investment into 5 to 8 coins

I would suggest you to buy Bitcoin, Ethereum and litecoin for half of the amount. For the remaining amount, buy other good altcoins like Neo, Waves, Monero( when it dips), stratis, lisk, Etc for 25K. The remaining 25k, i would go for smaller altcoins like Shift, Zencash, Florin which have tremendous growth potential. That is what I am currently doing. ;D

thank you jk... I already bought my Trezor. I received it yesterday and set it up already. Did a few very small transactions just to make sue it was running.

Who has the 3btc limit, bittrex? Also,   does the 3btc limit apply  only to fiat conversion or to anything off the exchange? If someone wanted to simply move  btc which they had converted from Decred off the exchange into a desktop wallet or Trezor, is there a limit on that?  Thank you for all the help.  My replies might be sparse in the next few days btw as I'm taking my computer to have a new screen  installed and everything wiped clean.

trex has 3btc if u are tier 2 verified (phone, name etc.) and it applies for crypto-crypto, If you want crypto-usd you have to go for full verification means u have to provide id,photo and crap like that.
I definitely not recomend to do full verification on all exchanges you are going to use. Pick one or two to which you trust and there make full verification to be able to do withdrawals properly.
For rest it's enough to have name/phone and you are good to go with some small limitations.

finex have no limit on crypto after tier2 verification - which is ok, they have no USD conversion atm (I think), but it does not matter much, you can always transfer your funds to stamp for example and withdraw from there to fiat.
Or u can manage debitcard to go directly from crypto to fiat in stores (tenx,monaco)

there is so many options :)

trezor is definitely one of the best choises how to protect your assets, good move.

thank you. any limits with bittrex? I trust them  as I do bitstamp. I have full verification with bitstamp and about to pass their kyc which was a pain in the ass. I'll ikely only do full verification on bittrex and bitstamp... I think if I ever put a lot of money  on sycoin or other  using bittrex that I will not have issues withdrawing  to another wallet  but if I'm wrong please lmk... I'll be without my computer for a few days  starting later tonight so I'm not being rude if I don't reply quickly over next few days

trex = bittrex, has 3btc/daily limit if you are not fully verified, eg. tier 2 (name,phone)

If you have been able to accumulate $ 100k to invest in a market as volatile and risky as altcoins, perhaps you should invest enough in your preparation for these types of bets. When you have big investment plans it is always preferable to go with professionals before asking anonymous people in a forum.

At least I would better plan my investments and seek appropriate preparation to minimize risks and maximize my chances of profitability in the long run.

No chance I'm handing over my money to professional investors. I'm not a super rich man and I know my limitations but I've been able to amass a decent sum of money   doing  this alone. The only reason i dont have 500 or 600k to invest right now is my business started a bit late and I broke both my legs 3 years ago which caused me to step up back for a while.  I'm ok with losing 10k or more  because my business brings in more that amount each month. I already know what the safe bet is and that's btc as the price wont skyrocket in the next few months but 3 or 4, 8 years from now it's very likely to be higher.  I am still in my 30's, no children and not married. I can live well within my means on a very modest budget for quite a long time. My main objective here is to search for the profitable altcoins. Yes, the people here are anonymous for the most part but  their track records are not.  I'm not going to be suckered into putting 20k into a coin simply because one of the threads says "100x to the moon in 3 weeks" :) 

thank you again Kyryzig.

no problem mate... pick well! :)

spammers are cancer....

I'd stick most (60+%) in stable coins like BTC, ETH, LTC. For the remainder, I would personally make "function or platform" bets. So I'd pick a security orientated coin (e.g. ZEN), an exchange/marketplace coin (e.g. OMG), a "blockchains for everyone" coin (e.g. LSK) and maybe one other wildcard or hedge (e.g. a competing security coin like XPSEC).

. Split investment 70/30 into "known" coins and potential known coins. Like 70% of your investment into the ones you think are here to stay (Bitcoin, Etherium, Litecoin,...) and the 30% would go to other great coins like NEO, Stratis, Lisk,

$100K is a very very decent amount to invest. And if you really have so much money for investment, you will be able to afford a professional experience, not some forum advice's.

Anyway, my 2c - LTC is going to double to ~$120 in 30-60 days.

Perhaps you might want to confirm any post here with a suggestion for investment because you have a really big investment. What I can suggest to you is that spread your investment to as many as 10-20 coins you seriously believe will grow in value over time. And make sure you also have BTC. Ripple by the way is a good choice.  ;D

As a side note, notice you may be a target now for scammers and hackers, don't give out any real info with your profile. Don't respond to people randomly trying to persuade you into doing shady things with your money.

spammers definitely suck.

I actually don't mind out giving out my  info eventually as I'm not going to give my funds to anyone no matter what they promise.. I've said this before about being a long term holder and not interested in day trading at all.  I still haven't bought too much btc as I was expecting a drop.

I'm wondering how gar this will drop. Any chance  btc goes near $3000?  I'll wait to buy for a bit until  I see some  hints of stabilization. I'm definitely going to put a  large % into btc and simply hold it for a few years. I think the odds of btc not rising long term  are very very low. I could be wrong but I'm happy I didn't buy any NEO recently.  I know dips can be temporary but not sure NEO  is going to shoot up again. I see a lt of people saying NEO will shoot to the moon  and this is the best time to buy but it seems the ones saying this  all have a large stake in NEO:) . I'm gonna sit on altcoins for a  bit and wait for some more predictions by cryptomessiah. If he makes a few more correct predictions after today's decision by PBOC then I'm going to go for one of the  altcins. I might  give syscoin a chance. I'm hoping to chat with the messiah guy though before I make a decision.. Krizniq is quickly becoming one of my favorite board members. This guy is very helpful and always willing to answer my stupid questions. Love this guy!  Let's have a great week

I don't even know what a masternode really is so hard to invest in something  that makes no sense to me.  I'm very wary f anything that says daily profits as the most stable  coin which is btc  routinely  drops in value. My strategy is long term

Btw, any guesses on the price of ETH in 2020 or 2021? Let's hear them