How to invest $2k - $3k

[hotcoffee]

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!

[1715014898]

1715014898

[1715014898]

1715014898

[btct22]

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
A background article that explains it better: https://www.investitin.com/masternode/

[askmecrypto]

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

[hotcoffee]

@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!

[Savik]

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!

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.

[hotcoffee]

@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  

[Savik]

@Savik

Thank you for the information! That sounds a safe approach. I probably can't buy Bitcoin as of now. 

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.

[alfstep]

Best way to invest your money is to invest your time first  
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

[DanWagner]

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.

[askmecrypto]

@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!

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!!

[NightCloudz07]

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!

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

[JanpriX]

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.  

[grapevin]

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

[InvestICO2L]

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!

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

[atrocityx]

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.

[ChinkyEyes]

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

50 NEO
300 OmiseGO

[sky24]

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!

[FulxilCoris]

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.

[skullsandbones]

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 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.

[CTO@MyBitMine]

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.