Bitcoin Forum

Hello,

I am new to this forum and to the world of cryptocurrency. The volume of threads here is overwhelming and I think it will definitely take time for me to absorb key information here.

I have a quick question. I am a newbie to all this so please pardon me if this sounds silly question.

I have $2k-$3k to invest into cryptocurrency. I am not looking to become a millionaire out of my investment. My goal is to earn enough money to achieve my goal of about $50k (for my mortgage payment). There are so many ICO's out there and it is quite a challenge to find the right one. I have an account in coinbase and I bought 1 Litecoin for the sake of it (just to get started).

I am thinking I could invest some in Litecoin/Ethereum and probably some money once a blockchain goes live. I don't feel comfortable investing in ICO because I don't know what will happen when it goes live in exchange. If you need to chose between Litecoin and Ethereum, what would you recommend?

Thanks!

Check out something called Masternode coins..  For that kind of money you can buy enough coins for a node of your choice, and run it for as long as you like.  While you're running it, you'll get more coins.  Those coins may become more valuable while you're holding and making more.  This has been my strategy for the past few months and so far it's paid off.  

The risk is you're holding an alt coin, and if BTC goes crazy then people may choose to sell it and be worth less in BTC terms as before.  But I've not sold them and they have recovered, while I've been making more coins in the mean time..  There's no gear to buy and no extra power costs.  It's a pretty sweet deal and not many people seem to have cottoned on yet, so I think it's worth the risk.  

The list of coins:  https://masternodes.online (https://masternodes.online)
A background article that explains it better: https://www.investitin.com/masternode/ (https://www.investitin.com/masternode/)

Since you are saying you are a new Newbie, I would suggest few points to safeguard yourself.
Investment is the second part, First is how NOT TO LOOSE MONEY in CRYPTO.

I learned from my mistakes and I would like to share these with you so that you don't fall for the same.

THINGS NOT TO DO:

1. STAY AWAY FROM PnD groups/channels. They are not meant for people to enjoy the pump, instead they are created for wannabes millionares to dump upon.
2. Dont be a FOMO buyer (you must know when the train left, dont ever try to chase something thats out of reach).
3. Dont be a panic seller (Always invest after you do research, understand the project and dev visions, its your money).
4. Dont be a loose bag holder.
5. Always #DYOR.

Now, since you are asking what to invest in, everyone out here and there will feed you with info about the coins they are actually holding, many of them are genuine, many of them are not. Again, Do your Own research.

I prepared a list of good buys though (THIS IS FOR THE DIP MARKET not the FOMO):
A list of trusted #ALTS for future dips:
$ETH
$STRAT
$OMG
$QTUM
$STEEM
$WAVES
$NEO
$ADX
$SNT
$DNT
$LTC
$XRP
$LSK
$CVC
$PAY

@btct22

Thank you for the information. I will check out the website.

@askmecrypto

Thank you for the advice and for sharing your suggestions. This is very helpful. You are right - I should be looking into protecting myself from all angles.

I am trying to read articles/youtube to understand this stuff. I might sound stupid but I am just trying to understand the basic stuff right now (coin wallet, keys, how to transfer money etc.). Probably I should get my basics sharp before starting to think about investments.

This community seems awesome. It is just that I am finding it hard to separate out the "general advertising - follow my coin" from "genuine posts" but I am sure there are a lot of people with good intentions here.

Cheers!

I'd split it 3 ways, 60% BTC, 20% ETH, 10% LTC. Then spend the next month reading this message board without making any trades.

@Savik

Thank you for the information! That sounds a safe approach.

May be I should stick with the relatively safe ones instead of timing ICO's  :)

You can buy fractions of any coin, even BTC. So don't let the price of the coin stop you.

Best way to invest your money is to invest your time first  ;D
This is not a gambling site

I recommend you to learn something form this forum in the next few weeks atleast and make your decision later

Between eth and litecoin i would choose eth , because it can be used for a lot of things.
I would advise you to do very good research as it is a lot of money , most people will come here and tell you to buy the coin they are holding.
When you have a idea of a couple of coins you like then do some research , read the topic , website , whitepaper etc.

To start from, I would suggest you to list out 5 coins from CMC (make sure you are selecting the tokens/projects which you understand) study them good, look about their current position and their future perspectives/aims/vision and how strong and dedicated the team is.
Apart from this, check how good is there marketing team is. For example, $STRAT is one of my favorite alt with dependable tech, strong team, awesome project, backed up by good tech, however, it is the fall of there marketing strategies that it is 10 times below its real worth!!

There are other strong Alts, but always remember $BTC is the big daddy, learn about the patterns, study about TA and FA and along with that comes market sentiments.
There are many more things which you will learn with time.
All the very best and Cheers!!

when you get the money from bitcoin you save the 30% to invest

There's no definite answer to your question. Altcoin market has been a roller coaster ride for all the traders/investors in the past months and you should check first your risk appetite before getting your feet wet. If your are decided to invest that money to altcoins, I would recommend to invest it to Waves. It is quite cheap right now and would be a great time to buy in. The dev team is very active and it has the technology to provide sufficient growth (in terms of price) in the future. Do some research about it and check if it will interest you.  ;D

Put most of your money ( 90% into bitcoin).
Gamble with the other 10% ( you will lose it).
Relax, bitcoin is going up.

You have $2k-$3k to invest into cryptocurrency and you want to earn $50k from your investment means you want to X 25 time your money by invest into cryptocurrency but this is really not easy if you invest into reputation and high price coins as bitcoin or ethereum then you will difficult to reach your goal. i think you can reach your goal when invest into low price coins as Waves, OmiseGO, Firstcoins

I'm big on Loopring, NEO, and WTC for long term holds.. and I also like ADX alot.. I kind of like the idea of SUB but until I see more of how the working platform works it may be a quick flip type of investment.

If I had 3k now to invest I would buy:

50 NEO
300 OmiseGO

Check out Propthereum.io, an asset backed cryptocurerncy on the blockchain. All proceeds raised from their ICO will be use to purchase A-grade property worldwide. This will generate a rental income and underlying value for the PTC token holder. They are expecting a 1566% coin appreciation in a short period of time so check them out and let me know what you think. I am also looking to invest!

The way from 2-3k$ to 50k$ is really hard.But i think it can be archieved. Choose a good ICO project, but you need to hold at least 6 months. Buy ICO is risk but high reward.

Your right to feel that way about Altcoins or in any ICO, but I will say before investing in anything do your research in the particular coin. Some ICO's can be promising!
Out of the two coins you mentioned i would probably choose Ethereum, its the less volatile altcoin of the two, and shows potential. You could also invest in BTC with the capital you have.
No matter what you choose to invest your money in, know one thing is definite - You will win some and lose some, that's what happens in the Cryptoworld.
Im currently in a bounty program for trade.io (https://trade.io/) and i hope to invest in them in the near future and work my way from there! You just need to research, study patterns and keep up to date with things.

My first advice to you is use money only that you can afford to lose, because it always risky invest or trade. I think best way for you just hold btc for a year or more, it's not so risky and you won't lose all of your money.

I would recommend you to stay away from ICOS with that price range, especially because the last few ones have been very disappointing from a ROI perspective. With that out of the way, i'd go for something like 50% Bitcoin+Ethereum and 50% in some promising alts - i'll leave the research up to you, don't listen to troll shills for this.

If you have the patience to keep the asset as it is, then it's good to buy and hold considering it a long term investment. Surely users will be profited. If not, if you are good in learning invest a small amount into trading and the rest in bitcoin. The learning you get will help you further to make better earning through trading when you increase the capital.

Are you planning on daytrading or just holding for a planned amount of time? If i were you i would take a look at the top 25 coins and research their websites/whitepapers/communities and pick 4 or 5 and spread my money on those. Don't go all in on one coin but don't spread yourself too thin either.

find no scam ICO or invest to coins what you like

It  looks like 2-3$k is not enough for traditional investment but it is a good starting point for speculations (including crypto), also remember that it is pretty dangerous and require some decent skills. First of all I would recommend you just to read about different alts and tokens and try yourself with like 0.01 BTC. For now day trading seemt to be the only good choice because BTC is at its top  ho holding coins for a long time might be dangerous.

It's the perfect time to invest. If you are going to invest 3k then do it in max 4 curencies and hold for a year or two. Look at ARK,BMC,ONION,OMG,BCH and MOD.

Good luck with your investment.

I choice BTC, LTC and ETH for my invest! Because this is the best coin in this year and next year for me! I thinks so

Invest in time and research and when you're ready to pull the trigger, go all in on one coin and hope for the best.  :P

most coins are just a worse form of casino play, you earn money from market propaganda and other investors, you have systematic loss through the sell of the premine by the issuers,

or through the crazy tulpmania of bitcoin, which will in the end slaughter the money of many and millions will disappear, making the cryptoindustry rich only

best reason to invest is, because you seek to hedge risks

regards

if you have that kind of money then it is good for you , invest it in new ico there will be a half price of sometimes then buy it if you see a potential on it and it is good to buy that because you will get a big discount on it once you avail it early.

I'd second that. ICOs often have a huge dump as soon as they hit exchanges, and even the best projects have an initial dip. I'd say 50% bitcoin, 30% Eth, 20% promising alts. But don't spread yourself too thinly - it is hard to keep track of lots of coins, much easier if you are just following the news for bitcoin and eth.
Most important advice is a) understand that bitcoin movements influence every other coin hugely, b) do your own research for everything, and c) make reasoned decisions, not panicked ones in response to market movement.

Well if you choose between Litecoin and Ethereum, then I would have chosen Litecoin, but I doubt that you will earn 50,000 dollars on them

Timing is everything.
I strongly believe in the passive income (DPOS/Dividend). So I would say:
- RISE
- NEO
- LISK
- ARK
- ASCH

I believe they will gain profit a lot the upcoming years. And even if they stay stabile; you gain money by getting dividend.

I would not advise now to participate in the IKO, now there are too many bad teams who take their money and disappear. In your place, I would now pay attention to the altcoins that are currently in a very strong correction. Look at the stratis, waves , wings, gup.

Investing in Altcoins is the best thing we can do right now. As the fork is near the Altcoins have reached its bottom.
This might be a good opportunity to dip in. ETH, XMR, NEO, OMG, LTC, XRP etc... are some good coins which can give good profit in future.
Altcoins have a strong chance to rise in the next few months. Diversify the portfolio to stay safe and secure.

It is very hard to find where to start investing in cryptocurrencies. You need to try hard learning by yourself for best investment I suppose. Our suggestions are just suggestions. I would buy ethereum with my first money.

Right now BTC is too high, my recommendation is buying some ALTs that you trust, after some research, and sell them when BTC price get lower. Then keep your money in BTC for the long term investment, because its price goes more and more.

Ethereum (ETH) is much cheaper than bitcoin, a good choice and opportunity to invest with your money.  

I would spend $3k in few different coin rather than one. It always wise to invest and diversity.

1. 30% BTC
2. 10% OMG
3. 10% Lumens
4. 10% Cardano
5. 10% Ripple
6. 10% Tenx
7. 10% VTC
8. 10% GRS

That would be my portfolio :) good luck

You are in the altcoin section and that means bitcoin is not an option for you? Why? Ask one here if they dont have at least some bitcoin in their wallets. I doubt someone will answer no.
Once you are an established member here, bitcoin will always pop up to every conversation. Though I respect your choice.
ETH is a good choice but fluctuations come like 10-20 dollars everyday as I monitor it. Up 20 then back down 10 or more. Then you would need to be always there so that you wont be late to trade. Maybe in months you could come up with that 50k you are working for.

This is important to read everything before investing in any of ICO. That should not be scam or else you can invest in already existing altcoin which can give you some profits in short and long term. ICO are a good way to get the best coin at cheaper rate if they are useful in the long run.

Invest the amount by diversifying it to potential coins. There are many promising altcoins which have good potential.
ETH, NEO, OMG are some good altcoins. You can also keep 50% of your amount in BTC as it is giving good profits these days. The growth of BTC is too good and after the fork might be the best time to buy BTC as the correction will make it's price decrease. This month might be a little unexpected for crypto currencies.

Divide your $2k to $3k investment into 4 to 5 coins all in all and then invest in coins that are the top ones in terms of volume and potentials. Do not just invest without studying the projects unless you will invest in Bitcoins, Ethereum, Waves, Monero, and other top coins that have already established themselves in the crypto world.

I have to ask. Did you buy BCH? It went to new hights this weekend.

Two to three thousand is a good amount to invest, much better than going too low on it (100 or 10 bucks). That of course depends on you total networth, as 3k might not be a lot to you but it's a lot to somehow else. 100 bucks might be a lot for someone too, depending where they live and their general living conditions. Having said that, make sure to hold the main-coin which is BTC, this will acts as a "hedge" - by hedge I mean that it will balance some wins and losses you'll make from other coins, because BTC is generally very stable (relatively to other coins) and is considered safer than anything else out there. So there is a good chance that you will balance some losses out if some of your coins fall in value (BTC might rise then) or vice versa. BTC and ETH is a must, the rest is really up to you (have a look at ICO's once in a while, you might find a diamond).

I think I will invest in Bitcoin and ETH