* With a small bankroll of around 2k, what would you do to quickly, but confidently turn it into 10k? (broad question, I know)
* Would you bet big on 1 or 2 cryptos or would you diversify into 5 or more as a way to hedge your bets?
* When you do make some decent profits, do you extract them and place them into a "safer" more dominant crypto?
There is no sure-fire or guaranteed way to invest your money with anything, though I think bitcoin is a good bet long term. If you had bought bitcoin early last year you would have already achieved your goal. It's hard to say if bitcoin will rise this year or continue to fall even more so take that into consideration before you take the plunge and be weary of anyone who tells you it
will do one or the other because nobody knows what will happen today let alone tomorrow and any advice (including mine) is mere speculation. Personally I think bitcoin will be worth both a lot more then it is today and a lot less but I couldn't tell you the time frame of either of those. If you get your timings right you could make a lot on the highs and lows but this is never as easy as it looks.
I would diversify. Put half your money in bitcoin and half in a handful of other cryptos. Maybe Litecoin, Ethereum, Bitcoin Cash and Ripple. Maybe look at the others and take a risk on one of the other smaller ones but don't put all your eggs in one basket as the saying goes.
* I know the logic is to buy low, and sell high. But say you have some money and you really believe in a crypto, do you just fucking buy the thing because you have absolute faith it's going up, or do you wait for the hysteria to die down. Sometimes it never dies die down though and you're stuck waiting while it goes up...
* In the stock market, 10% is a solid yearly return, what are your personal expectations for a year in trading cryptos?
If you believe in it then invest in it, but I would personally wait for the right time to buy and try get it on a dip to maximize potential returns, though there's always the risk of missing out altogether.
You can get 10% interest on your investment in a day with bitcoin/crypto. On the flip-side you can also easily lose that in a day as well.
* Should I be spending my time confirming the fact that the most popular cryptos are indeed good investments, or should i be digging like crazy for the esoteric and obscure ones that may or may not become the next big thing?
Both. I think bitcoin is the safest investment but there is lots of money to be made in others. If you had bought Ripple only a month or so ago you would have already made a lot of money. If you had bought bitcoin, Litecoin or Ethereum last year you would have made even more.
* Where does one educate themselves so they're able to determine the potential impact of new cryptos without relying on the opinions of pundits? (Like where can I get smart enough on this stuff so I'm not 100% reliant on the opinions of others?) Resources...?
* Where do people find out about the newest and hottest cryptos and how do they discern if it's just premeditated hype or objective and reliable information.
Nowhere. Everyone is biased. Most people who promote or hype up a coin do so because it's in their interest to do so because they're bag holders of said coin. I don't believe there is any impartial advise so it's best just to do your own research at the end of the day.
* If you could pick just one crypto to invest in for 1 year, what would it be?
* If you could pick just one crypto as your lifetime investment, what would it be?
Bitcoin & Bitcoin.
** Most importantly, I'd just like to hear your guys' recipe for success in crypto investing. I want to assimilate as much as I can from all of you so I can hopefully become an amalgam of the best minds behind this movement, but a perpetual student.
There is no secret recipe. I guess it's just buy low sell high, but again, it is never just as easy as that. You just need a bit of luck and be willing to invest your money, but nothing is guaranteed. You could make a lot of money or lose it all but this is something you will learn on your own but nobody can guarantee you anything.