Bitcoin Forum

Last week I invested around 1000US$ in pennystocks - yes those coins worth nothing at all today.
I opened up an account at hitBTC.com because a huge amount of pennystocks is listed there.
Then I switched to show me the cheapest coins and just bougt bewtween 2000 and 500.000 each - noch I got a portfolio of 20 pennystocks.
I made a portfolio on https://www.cryptocompare.com and added them all - and now I just look that up from time to time to see if one of my "pennys" becomes a "Dollar" or more.
That way I guess just waiting for 1-2 years will surly get my invest back but hopefully gives me some wealth ...

I hope you have looked at the marketcap, otherwise your strategy could massively fail... like in many other cases...

Actually you'd rather take the coins on big exchanges that are a penny---like verge, siacoin, dogecoin, dgb, musiccoin, for example. Those will increase. I say that with near certainty. But a random penny token on hitbtc.....Good luck

I think in your investment plan, you should add some IPFS,QTUM, CVC, AE, which has the application of money, which may bring you more benefits, and the majority of Hitbtc is garbage.

The risk of investing is always there, that's why do not just think about the benefits alone.

Have you ever heard of minexcoin, I think it's good. You can see it here https://coinmarketcap.com/currencies/minexcoin/#markets
If we have mnx and parking, we will get 0.29% bonus daily or 5.5% weekly or 70% yearly https://mobile.twitter.com/minexcoin/status/935115901531287552

Note: I do not recommend, but just share information.

If you can take the risk of picking a token randomly, you should have a look of DeepOnion.

It's now in the middle of 40 rounds airdrop. This is an anonymous coin which is designed for privacy protection and no one can trace your transaction, which will be prevailing in the next few years. What I am impressed more about this coin is its community, in the 4~5 months, 6300 members have joined the DeepOnion community. Amazing!

I aslo vote for Deep Onion , the price is quite low due to the airdrop campaign , moon soon !

Your investment are very risky mate, you are buying coin which has no possibility to increase its value and also you are holding coin in an exchange that is not good mate, you just research first to know which coin is the best to hold for long period of time and do not too greedy to buy small amount of coin because most of the time those coin are scam.

Also mate your capital is not too good for holding a coin much better to do regular trading or short term trading.

you need to make a research before investing,,
compare the risk and rewards from your investments,, don't be a blind man without knowledge,,
choose the best coins for longterm, and after you bought the coins just setting up the sell order, because a coins will always rise and down

Sounds like random investing, maybe $1000 isn't a lot to you but I would suggest instead to invest in coins you believe are undervalued rather than just guessing they might be purely because they are cheap. That's how you increase your chance of hitting it big with one of those coins.

buy iota they have a lot of potential ripple too

Idk man, it seems like you'd be better off picking coins that have a really high volume but low price... Many coins these days die off because the devs give up the project or the price drops to basically zero and a few people buy them all up, essentially killing the coin. I'd be careful just blindly diving in like that, but update us in a few years and show us your winnings!

True don't care is always Bitcoin  ;D, invest in BTC and just forget about for 2 years and whola  ;D ;D ;D

Not a good move. Just picking up random coins and investing in them without proper research is not good. This is tantamount to investing in shitcoins, it is likely that most of the cheap coins you picked have already being dumped and are on the queue of being delisted from the exchange.

Yeah, I agree with you. All this years bitcoin shows for us his wonderful grow. And It will go on for 1-3 years or more

I think it's a bad idea. Better way to invest in 5 or 10 altcoins from the first places or just buy BTC and ETH.

If you're not scared to lose these coins, why not, and if you're not scared to lose 1000$ haha. If you only have 1000$ in crypto and then you put all your bag on this, it's not a good
 idea at all.

I'm always thinking : just imagine the amount of profits you'll get if you invested ONLY one dollar in gamecredits, back in 2014 ? Total market cap was ~500 to 1000$ at this time, haha. and there wasn't so much different crypto, your strategy would have worked at this time.

Maybe one coin which has a low market cap now could skyrocket like this in the next years.

But one question : How do you will store these ? In a wallet each ?
This will be hard to manage, because you'll be almost sure to lose them if you keep these in an exchange for years.

Anyway you should just take a look to every coin to remove dead ones, and put a bit more on "promising" ones, even if promising doesn't mean the same thing for a shitcoin than one with a real project behind  :D

Not totally because he actually said 1 or 2 years. Now i dont know if op would really do that but a lot could happen in that span of time. I am not familiar with that coin though and even if i research it, i cant change the reason why op bought it. It was his own risk so leave it as is. I do think it is better to invest in 5 altcoins, but it is not also sure if some of these altcoins would last that long.

AE is not good for long way investment. The price grow too much now and it need long time to decrease.

Invest in one coin is not good at all.I invest in neo,obsidian,stratis,growers.

Marketcap? Not really. I thi k he should have researched more and not just buy any coins and hope for the price to rise up which is very unsure. I have no idea what those coins are. There are a lot of promising coins there to hold for a long run especially now that altcoins are dumping.

The strategy "bought cheap and forgot for years" doesn't work so well anymore. Yes, many people won with that, but only in the case of BTC and ETH. Today it is really necessary to follow the maker and to surf it, you buy a coin then check for a rise then sell it, buy something new and so on. That is how modern traders get the success.

Not a good investment at all since those coins easily can be disappeared and diversifying probably will cause your possible profit to fall.

Well there are cases where coins completely disappear from the market as if they never existed. i hope your investment is not done something like that becoz if thats the case, you my friend can absolutely forget about getting anything back..

It is a good decision to wait for long term to grow your investment but go with good low priced stocks such as Verge, DGB, Sia coin, Deeponion and ripple. These coins have good chances of a big rise as these coins are staying at these prices from long.

Earlier it was possible to invest money in any cheap coin and get profit from its growth, but now there are coins that do not grow at all, so before investing money, you need to analyze everything.

if you say that you can wait for 1 2 years, any coin in top #10 @ coinmarketcap will give you good profit. Also etc, waves, nxt, decred are good projects for long term. There are so many options if you accept to wait for years.

It's actually a good marketing strategy to invest in penny stocks but have you researched on the coins you invested before putting your money into it because who knows some of those coins are worth nothing in 1-2 years, that's one of the things you need to consider before putting your money in these coins. I did the same too but did some research on the coins I've invested too and hold it for around 1-2 years.

If you have a large capital invest in Bitcoin, if you have less and feel you cannot invest in that, then look at coins like Ethereum, Ripple, IOTA or Stellar.

These are long term investments and have potential to give good profit too.

I do not think that you can just take and invest in the first available crypto currency. In this case you can lose all the money. Before investing, you need to probe the ground, learn more about the project, in which you are going to invest. Of course, for 2 years the currency can grow sharply, as it is now happening with many Altcoins. But it also happens that the project simply disappears. So it's better to be safe before investing.

SunContract.

Its closest competitor is Power Ledger.

Power Ledger:
Price: $0.71/coin
Market Cap: $250.000.000
Total Supply: 1.000.000.000 coins

SunContract:
Price: $0.19/coin
Market Cap: $20.000.000
Total Supply: 122.707.503 coins

Power Ledger is Australia based, SunContract is EU based. The difference in price is that Power Ledger got government contract in Australia. But it's just a matter of time for SunContract since EU has higher demand for clean energy and is richer than Australia. The team is hard working.
SunContract has grown a lot in the past 2 weeks. But look at the total supply between these two coins and the market cap. There's still a huge potential here. SunContract market cap is less than 1/10th of Power Ledger while having a bit more than 1/10th of Power Ledger's coin supply. You do the math.

If you want to invest for long term like 1-2 years time frame so i will suggest go for good altcoin which have good future or just but bitcoin because its very risky to buy penny coins for long term, its ok to buy this penny for very short term. I will prefer Ether, Neo, Ripple, Dash. And invest your capital in all different coins not in just one coin and also invest 25-30% of your capital in Bitcoin,because bitcoin is ever green coin, its the mother of all currency.

If to invest on such amount of time that can be earned not badly, I can advise you such coins as Stratis, Iota, they will bring you good money

Well, if you take penny stocks (I mean real stocks, not the crypto coins) then it is one of the most risky types of investments. You shouldn't wait for so long tobe sure about the situation. Most of the already existed shitcoins that are dead now won't survive the hext 6 month or maybe a year. Imho nothing will ressurect them  and devs will have to drop the project.
I hope you have a good salary and it was not your last 1k :)

Well, I don't care if Ethereum, Bitcoin Cash, Bitcoin Gold, Dash, NEO, Monero and other top 20 Altcoins for my long term investments.
Good ICOs are presently difficult to spot so the proven top coins are my best choice.

That is indeed a good portfolio and Bitcoin although it's already expensive but it'll give you not profits than buying hundreds or thousands of tokens that isn't able to rise up for the long time.

Looking good ICOs and spotting fake one is difficult if you don't know how to research. But God ICOs are more popular today and even in Facebook you can see ICOs and new Cryptocurrencies that are already gained large amount of investments like top Altcoins, Stratis and iota for example. These Cryptocurrencies are proven popular in multi media ads.

I agree, investing in ICOs and Cryptocurrencies is all depends on the capital value you are having. If you're wise enough, you can divide the figures into each ICO. Splitting funds for investment is a clever idea if ever some ICOs will dropped or vanished still you have more backups.

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Good luck.

Might as well have put that $1000,- into the Bitconnect lending program..

Having mentioned this, you can invest in some good ICOs that exist now, one you can look at is trade.io which is an innovative blockchain trading platform, and is doing very well so far. It's raised $12mil in funds only in Pre-ICO and in 2 days the ICO will be launched. Visit the website for more detailed information. https://trade.io/

The strategy might be a working one (at least in theory), however, I'd suggest putting money only into those projects, which you believe can succeed

I agree with this try to add your investment with this coin then park it and lock it for 1 year Im sure you will amaze with the profits you will gain and also look for some coin that has active in developments for now which value are still cheap at this time. 

Hey!You're doing fine! On this crazy crypto-currency market, as it turned out, it's not so easy to earn. I hope that you will succeed!

Long wait isn’t the way for investors on cryptomarket. It can give thousands dollars of profit within a year if you make the right decisions. If you want make the money through waiting then just pull your cash on deposit account at the bank.

I think buying altcoins in a completely random fashion may impede your profit substantially.

The simple strategy for outsized returns would be to look at each SOLID coin under 1$ on Coinmarketcap.com with a believable project/development team/hype and select those that are at or very near their all-,time lows.

That way at least you know you're not over- paying for them and the low valuation of the sub-1$ coins means your leverage is far better than when you invest in BTC or Ether, once the coins starts to rise.

Classic contrarian strategy, really, but since cryptos are in a beginning bull market by far the most effective way to really get those outsized returns, imo.

Also diversification, don't sink everything in one or two "sure bets". That's just gambling.

5-10 coins, equally weighted, should do the trick.

I suggest investing in coins that are strong, just like Ripple and Ethereum or Stellar, these coins are long term investments and go up immensely.

Probably anything that you invest in from the top 40 Coinmarketcap will give you some returns..

you should only rely on luck for these 1-2 years) so as to receive a bunch of coins and your coin can get lost in this stuff) well I wish the best of luck in your investment)

I agree with most others - invest in mid/large cap solid coins | neo omg ark xlm.  Then trade the small/micro caps

Altcoin is the most risky investment compare bitcoin so if you still decide to invest on altcoin then prepare yourself for the worst.
I'm ever hold pinkcoin and H20 as my altcoin investment and you can guess the result after I hold about the year... got delist from exchanger !

Always bitcoin forget other coins the most reliable bitcoin

Invest in Ether, iota

   All investment comes with some degree of risk, and that's a fact. But that doesn't mean when investing you should go in blindly. You should have done some thorough investigation into the asset you'd like to invest in so you can make an informed decision.

Mate, you should better think before doing it. Make your profit on these alts now! Some of minor altcoins will be swallowed by other cryptos from top-10 or even top-20 and they will vanish. Do not risk and do not wait for 1-2 years.

GIL coin for sure!

Thats a very risky move,did you research beforeyou invested with your coins?does they have product?what about project team or developers?

Divide 1000 dollars into 100. Then buy each of the 20 to 30 coins. After two years, you are looking. You're going to be rich

I mean iota and Elix are good coins for profit 2018.
Not in the next weeks, but in the Mid/End of 2018

There are some indicators on how to choose an altcoin for long term investment and researching will help you to find the best coin. The market share, transaction volume, how they develop the coin, utility value,among others will show if that coin is suited for long term investment. Risk are always there and they are vary in degree in every coin.