Investment tips on nano, cardano, dot, stellar? Typical techniques etc? Mining

[ethereumhunter]

What about staking, are there any risks or downsides to this.  I have ether and other coins at coinbase pro that i could transfer to Kraken, they list apy's like 4-10% depending on which one (not sure if thats 10% per year or how that works).  I dont intend to sell any of the long term ones but i assume i can unstake at any time?  edit: i think maybe you have to have a lot of eth and there may be fees unsure.. also others qualify like Ada, i have $900 in ada and and only 0.79 worth of eth at this point.

Staking is one way to have a passive income. You can try to staking your coin at Binance. I do not know about Kraken because I do not use Kraken but I use Binance for staking TRX, BNB and some USDT. But you can not expect to make a big return from the staking in a short time because that will need time to earn a decent return. If I have many ethereum, I do not want to stake it but I prefer to trade it because the profit will be good, but that will be up to you.

[seramania]

between DOT, STELLAR, CARDANO and NANO have their respective advantages. My advice now is to try to analyze which coins have a faster chance of pumping, because don't let us hold a coin for too long because it's risky.

[fullhdpixel]

Any suggestions on how to play things during the rise and falls, i guess some sell as it peaks and others hold.  Wondering if doing 1 vs the other over time if it balances out either way?

Yeah, of course. You must always look into investing with more than one cryptocurrency so that you could manage to get into profits even one or two coins not going well as per your expectation. This is what exactly the diversification principle of investment always emphasizing. When you are spreading out your risks, you will be getting better chances to hit your targets.

Dogecoin is one of merging coin as Elon Musk just announced about accepting dogecoins for their starlink internet ventures and for all other spacex operations. You must consider dogecoins in your portfolio for long term holding.

[Kena Banned]

Have you take a look on EOS? The chart and development progress look more promising.
But for your list that you mention, i prefer Stellar.

I have a bout 562 coins of stellar, not sure if i should go for more, thinking 1000 seems like a long term sweet spot.


I have EOS on my favorites list on coinstats actually.. it was a consideration.  Not as lucrative as a lower priced one potentially.

The thing i have trouble gauging is if i do some possible short term only lower price level and market cap options, how to know when to bail (or if to bail).  I guess if i wait for an overall market cap dip and jump on one thats on the down swing and very low cost for low buy in it might not matter much, but if it yields say $400 after even a $50 usd buy in, i guess before it turns south i should dump.  Things like this i'm trying to get a handle on.

The long term ones are easier i think, hold and see.

10$ is low price if its compared to EOS potential which could take 90$ or more in the future. Its better to prepare some small bag than try to catch the wind when FOMO happens.

[jimlaman8]

Yeah, of course. You must always look into investing with more than one cryptocurrency so that you could manage to get into profits even one or two coins not going well as per your expectation. This is what exactly the diversification principle of investment always emphasizing. When you are spreading out your risks, you will be getting better chances to hit your targets.

Dogecoin is one of merging coin as Elon Musk just announced about accepting dogecoins for their starlink internet ventures and for all other spacex operations. You must consider dogecoins in your portfolio for long term holding.

yeah i've tried to keep mine diverse, its just a challenge i guess being new to identify which are the long term hold ones versus sell it all and recharge or move on type.

At this point i have tiny bit of BTC, almost a full eth (with more mining daily, 1 per year), #doge (1000 coins and its dropping like a rock today but i'm holding i guess, at the break even point during the drop), ADA ($1k worth), Nano (39 coins), LTC (1.27), tron ~1000 coins, XLM around 599 coins,  BTT around 17k coins, DOT 2 coins, VRA 1000, SHIB 4million, Safemoon (pending but around $100), and Bonfire ($100)

I view the last 3 shb, safemoon, bonfire as burners, hold and see if ever pan out or pick a point of return and cash out to be safe.  I saw doge as more short term, i thought ada, nano and ltc were longer term, maybe tron and xlm too for sure.  Nano if i understand the graphs correctly, looks like it could pump again soon.    VRA has an interesting use case with gaming i believe.  Safemoon has less utility from the sounds of it than bonfire.   I probably over did it a tad overall with the variety:)

[juanda]

Im still starting out but trying to hedge ideas on which of these (or others) that might be worth dumping $1k or less into.

So far i've been looking at what the supply cap is for each, looking at ones that mimick the supply caps of bitcoin or eth. with a few exceptions.
I also put $150 into Btt bit torrent, as from some discussions it may be worth a minor investment.

Any thoughts on these or others

Any suggestions on how to play things during the rise and falls, i guess some sell as it peaks and others hold.  Wondering if doing 1 vs the other over time if it balances out either way?

Thanks in advance

all of the altcoins that you have mentioned have great potential to increase in the future. but I have more confidence in Nano and Dot for you to invest now because nano and Dot will soon be going to the moon in the near future. stellar and cardano had an earlier go to the moon a while ago. so I suggested Nano and Dot.

[jimlaman8]

Im still starting out but trying to hedge ideas on which of these (or others) that might be worth dumping $1k or less into.

So far i've been looking at what the supply cap is for each, looking at ones that mimick the supply caps of bitcoin or eth. with a few exceptions.
I also put $150 into Btt bit torrent, as from some discussions it may be worth a minor investment.

Any thoughts on these or others

Any suggestions on how to play things during the rise and falls, i guess some sell as it peaks and others hold.  Wondering if doing 1 vs the other over time if it balances out either way?

Thanks in advance

all of the altcoins that you have mentioned have great potential to increase in the future. but I have more confidence in Nano and Dot for you to invest now because nano and Dot will soon be going to the moon in the near future. stellar and cardano had an earlier go to the moon a while ago. so I suggested Nano and Dot.

I sunk more into nana for sure.  I also picked up helium (22x), preordered a few minors, got one preorder off ebay though 2x the cost but might get here before halving in aug.

[jimlaman8]

The one thing i'm finding is that i'm constantly looking at coinstats and seeing my all time gains go from plus 500 to minus 500 (on around 8k now), so its making me nervous, though i figure about 65% is at least "stable" coin variety with almost 1 eth going on.

I guess perhaps it would be useful to learn the tricks to looking at tradingview.com graphs to tell if a coin is toast etc.

I'd also probably need to decide which coins are most volatile to leave on an exchange i would assume? Vs sending everything to ledger and paying fees to move back and forth quickly?

*Is it pretty typical to see a few coins stay in the minus for days on end then suddenly shoot up, ie: my bit torrent btt i've lost around $30 (out of only $140) in the last 5 days and it hasnt been in the green since, same deal with Tron.  At what point do you declare things like this a loss and trade them away (though these ones i didnt put a ton in so its less a concern)

How are those seasoned in this handling things in the long run.

[raji1995naya]

The ventures on the list above is the best in the industry, and I believe they are pure investments that will pay off in a few weeks or months. DOT, in particular, is a relatively young project in comparison to others; however, their ecosystem is and rapidly, and several new projects have been launched on this website. If we're talking about growth, I'm going to go with polkadot.