Hello all,
I am new to crypto currency market as I was before in shares and stock market. I have basic knowledge of cryptocurrencies like how supply, demand and history of famous coins. I am looking to invest in 2-3 cryptocurrencies. My investment: $200-$500. I would like to invest little amount in starting, afterwards I will increase my investments.
Well, I select the following coins:
Bitcoin : because it is no.1 Ethereum: this crypto is down these days, but I have got a news that ethereum 2.0 will roll out this year. So, I hope that this crypto currency price will go up. Binance: because of stability
And eos if possible
I would like to know your suggestions before taking the steps.
PS:
Thanks all for your meaningful, personally experienced replies with these coins. I am glad to posted my query on bitcointalk, this community is super active. Cheesy
Well, I read all the replies and what I got to understand is that I should decide the % of amount to invest in these coins. Even I am increasing my investment amount to $1000. I did calculation and here are the results:
Bitcoin: 25% Ethereum: 40%
Many users said that I shouldn't go for BNB and EOS upon the basis of many factors like centralized, eos performance not good etc. Most of the experts said that I should look & analyse on these coins:
Ripple: It is popular and promising altcoin. LTC: Confused in this altcoin. Need to do research on this one. Doge: Not sure LINK: Maybe Risky. Never heard about this coin before.
Well, My investments are upon the basis of long term, I will invest for 1-2 years. But, I would like to know your opinions about long term and short term, What should I choose between long term and short term?
Last question, Which exchange should I go for? I am confused in choosing a good exchange? What's your experience on top exchanges for trading cryptos?
Thanks Again!
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