Idea needed for my situation

[Gaaara]

Trading cannot be mastered in such sort period of time it would take years before you can guarantee that you are good at it, in anyways same as gambling and other things you can get profit from investing in ICO and IEO has a high risk high reward, and you cannot consider ICO since it takes too much time, for me IEO is the best option you just need to have patient and gather information when you take this in consideration.

[babysweetTiger0401]

Trading cannot be mastered in such sort period of time it would take years before you can guarantee that you are good at it, in anyways same as gambling and other things you can get profit from investing in ICO and IEO has a high risk high reward, and you cannot consider ICO since it takes too much time, for me IEO is the best option you just need to have patient and gather information when you take this in consideration.

Indeed, it really needs time to understand it. But for me ICO now is the same as 2018, because that's what I had observed for every ico appeared here in the forum. So for me ICO and IEO are just both the same, probably their differ only on the period of time of having exchange
site platform. Although we had our own opinion and perception.

[LimLims]

See dude,
First of all you have a good amount to start trading and investing. But i can see that the demand of your profit is higher. That's may be risky for you.
And as far you said about USDT and BNB,  no one can exactly say their price. If you invest in those it may lead to profit or also may lead you to losses also.
So always be careful with large amount of funds. This was just a warning.
Good luck dude.

[Reid]

Just a moment ago we are talking about getting rich quickly which is not advisable for everyone.
Now, I see this.
I get it, we all need that but for what expense? You are already in good hands which is bitcoin and you want to diversify with other coins. USDT might come to and end. Be really careful with that.
BNB? It is just okay for me but also not that much of a good strategy. If you were earlier then it could be a good idea.

Stay with bitcoin. Look at its history and you will see that you are already gaining some good value.

[MonsterV]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

The coin you choose is good in my opinion and it can be profitable in the next few weeks when viewed from the current market situation.
I think the alternative to binance is Kucoin, this exchange is in my opinion the best after binance and recently has improved features that are no less cool than binance (unless you want to wait until the deposit in binance is reopened). Don't waste your time thinking about it now, because the green market will leave you if you don't immediately make a decision. There is still time soon, before the green market goes further.

[CryptoBry]

There are many good and bad suggestions here so you can end up confused on which to follow. I am strongly suggesting that you analyze more your situation. Two months from now can be a long time in the world of cryptocurrency and we don't know for sure if by then Bitcoin can already be $10,000 or will it retraced back to $6,000. Therefore, the idea of converting half of your holdings to USDT is good but I am not so sweet with the BNB thing as most likely BNB can be stuck for a while that Binance is recovering its loss. At the end of the day, it remains your call. Good luck to you.

[Pattart]

Please read my question above thoroughly and reply then bro.

Hope you did not go through my OP as well as last reply. I want to know the strategy to solve the present condition. So looking for a suggestion. I do not want to start as a trader. Just for the click of time, I want to utilize it wisely and make money.  Please share your idea accorinding to that .

I didn't understand what your "make money" means clearly if it's not about trading. Oh, you want to buy dumped coins to hold and make money from there? Then USDT or any stable coins are not the options. For BNB I don't think it's good, not because there was a hack issue. BNB is losing its price since last IEO, I'm afraid it will be losing its value continuously but If you can see there will be more IEO on Binance then perhaps this coin have potential to increase in price.

I still believe BTC is the only option for you to make money if you are not an active trader.

Yeah the news about hacking in binance certainly has an effect on the BNB market, I think holding BNB is not a good idea, seeing the latest conditions of their market. actually altcoin is specifically for trading not holding for long term, but it does not mean it is not suitable for holding. just I think altcoin is more at risk of being held, yeah you're right if you want to hold then choose bitcoin, take a look,bitcoin have price movement that biggest increase in the market

[mirawantirinjana]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

You will only be on the BNB token and wait for the coin to increase so you get a profit?

2 months can be a very short time to increase your investment, (if the token you buy has increased) but the capital you have is a very large risk if you do not choose the right time to buy and sell.

if you are constrained at Binance Exchange you can choose another reliable exchanger such as some exchangers that provide BTC / BNB pairs
https://coinmarketcap.com/currencies/binance-coin/#markets

[The Cryptovator]

Don't forget there is risk involved on crypto trading. Since you have target of two month, not sure you will be on profit or on lose. Different suggestion will come from different users, but you have to do your own diligence. If you ask me then I will suggest to buy few low sat coin which is all time bottom now. Perhaps those coin would bump if btc stay stable. I will not suggest to convert it on BNB or USDT. However, its your fund and your decision, I am not your legal adviser. So take your own decision. 

[Bagaji]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

Well, all depends on how it has worked for you before now, particularly now the Bitcoin price in on the increase you might gain profit at the end of your trade. Although, I don't really know of any exchange for now but am sure there so many of them out there if you do your research well. Wish you all the best in your trading brother.

[Gozie51]

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?

I would suggest since you have that btc in your personal wallet, don't convert any portion to USDT, if you want to convert very little to bnb no problem but allow large amount to stayvin your wallet till the month you want to use it because btc is on bull at the moment and you will make better profit with having btc.

[akram143]

Each and every situation has to be faced by only you because the solution will be created from the people who are affected on the problem otherwise no one will helpful for you to solve the problem easily because no one will know how and what way you are affected by that that's why I am saying this.

[pixie85]

I don't know why people who have gold that grows in value and is worth a lot want to exchange it into copper or some other less valuable thing.
This is what you're doing when you're selling your bitcoins to get manipulated USDt that has no full coverage or some other exchange tokens. Don't do it you'll regret it.

If you're not good at trading hold BTC. I made a mistake of selling at 6000 and it broke 7 a day later. At least I made some money but holders usually make more.

[exstasie]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

I wouldn't touch BNB right now. Its chart was already begging for a major correction and the Binance hack has now provided the excuse. I would also avoid USDT since it's risky to hold. The next bank seizure could be its last. If you want to hold a stablecoin, I recommend something safer like Circle's USDC instead. It can be traded on Binance and other altcoin exchanges.

Binance will probably reopen deposits this week. A decent alternative in the meantime might be Kraken or Kucoin.

[GregH37]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

Nobody knows what will the price be. You have a financial obligation in the next 2 months, which means that is not your spare money. It is not a good idea to gamble your money in trading. Use only the amount you are willing to spare and lose, trading does not assure profit.

It doesn’t always work that way, you know how commitments that one does not plan for just suddenly shows up, as at the time he made that investment, it might actually be his spare money, but along the line, he  probably exhausted his budget on things that went beyond his control which the next thing will be for him to result back to Taking from his investment.

I wouldn’t say the move is totally wrong, because if it is a matter of life and death, he would not have any choice, but there is a way people still play this out, and that is why we have crypto loans since has a collateral already, it is either he gets money from crypto loan or he trades with it within that short time.

[ricardobs]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

Well since you have such amount of funds in your possession, I believe the best thing for you to do is to create a blockchain startup and then higher an advertising agency that will help you in marketing the platform until it gets to it's target, I would have told you to go into crypto trading but that would be taking a big risk, so unless you are ready to take a risk and don't cry even if you lost the funds, then you should look for something different to invest the money.

[Whosdaddy]

Don't forget there is risk involved on crypto trading. Since you have target of two month, not sure you will be on profit or on lose. Different suggestion will come from different users, but you have to do your own diligence. If you ask me then I will suggest to buy few low sat coin which is all time bottom now. Perhaps those coin would bump if btc stay stable. I will not suggest to convert it on BNB or USDT. However, its your fund and your decision, I am not your legal adviser. So take your own decision. 

Just like you admitted, he has 2 months target and buying low sat coin now may not guarantee him any profit in that 2 months, as you can see that this is not the alts season yet and as bitcoin is pumping in price, there are lots of altcoins that are seriously going down in value two, and unstill their season comes before they can rise.

The capital invested might still fall further and may not meet that target, taking is risky and I admit, but that is still the best bet now, imagine that he had traded bitcoin when he wrote this post, he would have made nothing less than 200usd and buy back again to make more profit.

[wuvdoll]

I think the way bitcoin is going up if your emergency fund is really urgent then you should keep it at bitcoin and only withdraw the amount you need at that moment. Which means if you need 200 dollars everyday for 10 days, do not withdraw 2000 dollars and then spend it each day, but withdraw 200 dollars everyday and pay then and keep the others aside.

Bitcoin itself is going up so I doubt putting it on USDT and BNB would make you any more income, at best case scenario you will make as much money and not more money than how much bitcoin would make you. There is a big chance bitcoin goes above 10 thousand dollars until summer or during early summer which is why as long as you do not have to please try to not cash out your bitcoins. Even if you HAVE TO like there is no other way only cash out the amount you are required right away.

[omonuyak]

I give other suggestions, it's good that you buy litecoin, because this year there will be halving and the price can reach more than $ 100. It is estimated that it will occur in August.

Litecoin has crossed $100 this morning according to my local time and I think it will still be going up this week based on the current state of the market.  If litecoin halves then we should expect it to be above $200 or $300 as the demand will increase because of the reduction in supply and that is going to affect pricing.

[zhekinsp]

I have around 5k+ USD worth of bitcoins and ethereum in my personal wallet. I have some financial commitments in next 2 months, so I want to utilize this money make it as something higher that amount I am holding.

I am planning to take that fund to binance and convert half of the bitcoins as USDT and half portion as BNB?
Will it be work bigger in some weeks or months? Then deposit and withdraw are suspended on Binance, so which exchange will be I need to choose to do the same idea above!

Please give me the best suggestion which you feel good for my situation.

Nobody knows what will the price be. You have a financial obligation in the next 2 months, which means that is not your spare money. It is not a good idea to gamble your money in trading. Use only the amount you are willing to spare and lose, trading does not assure profit.

It doesn’t always work that way, you know how commitments that one does not plan for just suddenly shows up, as at the time he made that investment, it might actually be his spare money, but along the line, he  probably exhausted his budget on things that went beyond his control which the next thing will be for him to result back to Taking from his investment.

I wouldn’t say the move is totally wrong, because if it is a matter of life and death, he would not have any choice, but there is a way people still play this out, and that is why we have crypto loans since has a collateral already, it is either he gets money from crypto loan or he trades with it within that short time.

I am not going to convert bitcoins into any other altcoins even if the price growth is slightly higher because bitcoin is more stable and can be trusted when compared to other good performing coins so we have to hold it and just sell it after two months later to get some decent profits rather than risking it for huge profits on trading.