I'm looking to invest around 15k possibly up to 25k in bit and altcoins. Just curious how some of you would invest the money for the short and long term. I use to own some bitcoin a couple year's back but stupidly didn't see the bigger picture at that time. Trying to research as heavily as I can to get the best understanding of what's going on now. Look forward to hearing others opinions and reasoning for how they'd go about this.
Well I would go 60% on Bitcoin because is the coin with more potencial than all the others, simply because it's becoming a true financial asset, and the others will have to wait in line to actual follow it. Bitcoin has all the attention, and it's the one coin opening doors for all the others, if it fails the others will probably follow.
I would then go 15% for Ethereum, because it will also be really close to institutional investors, if it succeeds as a investment platform for ICOs, and of course, if we start seeing legit ICOs showing up, that are backed by institutional money, we will see a huge cash flow in ether.
I would then put 10% into Litecoin, because it might succeed as a payment method. It's success is linked to bitcoin, so if BTC ends up being gold, it will probably be LTC that becomes silver (or in this case, it will become a true payment method).
I would then divide the last 15% between some promising altcoins (Dash, Monero, IOTA, or whatever looks more promising at the time).