Idea needed for my situation

[syamster]

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.

You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow.
Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.

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

Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

[1714853105]

1714853105

[spadormie]

You should try investing it on bitcoin. If you already did, you might probably want it to just hodl. And since your post was on May 10, bitcoin probably got up on that moment. So, I suggest that you take profit now. Bitcoin is now going down. It is right now on $7900.

[harizen]

OP wants to utilized his money by relying on crypto performance. And by reading replies here made by OP, he badly needs suggestions where can he literally put his coins to increase it's value. What an out of the context thinking you have there OP. Do you really think someone here can predict what happen? You are literally removing all the risks involved here.

Actually some construction works going here, so I want to utlize the fund wisely so I am looking to exchange it for best coins which dumped and stable coins.
I have shared my idea above bro. I wanna know whether it will work or not, else you may share best coins you feel. I will not pick that also blindly, I will closely monitor suggested coins for few days then only i go to invest to that bro.  So no hesitation suggestions welcome!

You will never know the output if you won't test it. That's why it's risky. Will not go technical about your plan as it's not necessary. What I want you to understand is never rely a "SURE" income out of crypto. And you have a target for 2 months to that.

Some things you can do to somehow minimize the risks;
a) just let your coins there and hope for price increase in the next 2 months. Way better than risking your coins into something you didn't know.
b) settled the amount needed on your purpose (construction). Don't ask for more as long as it will be finished without a problem. You can come back again to earn the same amount.

[Gaff]

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.

You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow.
Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.

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

Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

Satisfaction doesn't end by just one hit, but also we need to be more focused on how it withstand for a long time. I agree mistake is avoidable when you've done once, but if you do it twice I think the problem is really with you. For now if you're in a difficult situation, you need to finds ways to move on towards the future and never look back what failure you had. Always look for a positive strategies in order to overcome those struggles behind you.

[whirlcoin]

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.

there is no doubt about your next move it already decided from you if you got some idea don't consider this idea to anyone because everyone have different mindset but no one will answer for you if there idea will not get successful that's why go with your opinion only will give the satisfaction for you.

[traderethereum]

You should try investing it on bitcoin. If you already did, you might probably want it to just hodl. And since your post was on May 10, bitcoin probably got up on that moment. So, I suggest that you take profit now. Bitcoin is now going down. It is right now on $7900.

Yes, I hope that he does not forget to take the profit at the highest price before because now, the trend still in the downtrend.
This time will be a good time for him to buy more bitcoin, but that is if he still has money to buy bitcoin.
Bitcoin is back to the lower price, but soon, the price will come back to the higher price so if you already buy more bitcoin, you can expecting to make a profit again soon.

[Micerker]

You should convert all to BNB or add another in-USDT option. With the current growth rate, Bitcoin price will not go down so USDT should not be selected. You can choose 50% for BNB, 25% for ETH and 25% for XRP. This is the most optimal option, helping you earn more BTC within the next two months.

[nydiacaskey01]

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.
[/quote
If what you are trying to say is you want to trade using your $5,000 so in 2 weeks you have profits to use to pay your financial obligations then I don't think its a good idea to gamble on that idea of yours. While we see that the market is doing great for the past few days or weeks we still don't know how long this will last. How much is your target anyway. If you aim for 2% per day in trading using your $5,000 that can at least help you gain at least 30% or $1,500 granting that you are consistent in earning 2% a day.

[lovesybitz]

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.

You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow.
Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.

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

Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

Absolutely you are right, If anyone like to get profit in the future there are really two ways only for them not to loss their coins or capital investment and that is hold and buy coins that has a potential to increase in the future. In this way, We are sure that the things we did is very safe and also we are doing savings in the future too.

[Caladonian]

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.

You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow.
Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.

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

Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.

Hacking happened with our own mistake and we should avoid those mistake which can make us regret in future, we should try to be wise and decide to live good traders life, now a day at this situation you should hold and invest your spare money into bitcoin which is good coin it has promising future and will make your get satisfied in about earning.

Absolutely you are right, If anyone like to get profit in the future there are really two ways only for them not to loss their coins or capital investment and that is hold and buy coins that has a potential to increase in the future. In this way, We are sure that the things we did is very safe and also we are doing savings in the future too.

It's better to aim for long term investment instead of chasing the market, chances of losing money each time you place your entry in a wrong projects, lots of investors needs to make a good assumptions and have a good faith with any coins that they've placed their money, if you can hold on you can see the results after some months or years of believing, it will bring good things when the pumped started to comes up strong.

[perla]

I think ETH still good to invest, i mean at least ETH still have chance to up again and it is safer to invest.

It's still risky for ETH to enter now since ETH is overbought now. But for long term, ETH is good rather than BNB, Ethereum is also following Bitcoin price movements even Ethereum is considered altcoins, compare to other altcoins when BTC and ETH pumps, some altcoins are dumping. You guys noticed that?

Low market cap coins were dumped to buy ethereum and bitcoin,its just normal when the market seems bullish and this time only those useless coins will get out of the market due to no usability.For OP you should hold bitcoin rather than converting into USDT because you are not going to make anything in two months or two years from USDT,it will just stay same or will get dumped.

Well, everything might be have risk. But Ethereum and Bitcoin is safe choice. Bitcoin is good to pick or maybe Ethereum when i post it before it increased more than 10% and people can be take profit, although me little late to sell mine.

[SirLancelot]

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.

You commitment is fixed, you have to face that, while the amount of money you have now, you will still have to risk it, to grow.
Well, that depends on how you manage it, but I would not risk this money anymore if I have to spend money for that commitment, you could loss as well.

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

Why USDT, I thought you want your money to grow, and why BNB, I think investors are still not confident with this coin, due to the recent hack.

You could get the value of your coins raised provided you HODL in the current market. I know it sounds like a big risk but to be honest, everyone here wants some money sooner or later and they face the same risk. Another thing is that you should have your funds for security and moments of urgency. If you have invested those funds in crypto, you have not done the right thing but anyways, try to withdraw your amount at least 2x and reinvest the other half.

[pundit]

First of all I would like to you to suggest you pls don't put this money into trading if you really need it after 2 months. Trading is always risky unless you are a professional trader, rather professionals lose money many times. Trading is an unpredictable game thats why the first rule of trading is "Invest only the money which you can afford to lose". If you can really afford to lose the some amount you are holding in you wallet then go ahead to trade with calculated risk. I am not discouraging you to trade but I am asking you to be ready if something worst happens to your account.

[mikelsmith2020]

This is only according to my own suggestion, I think you should buy bnb only when they introduced a project/coin which can only be bought using BNB coins and once you bought that early a big number of investors will buy BNB and it will pump which is your opportunity to sell and earn profit and in regards with the USDT I think it's like a USD which can be considered as a stable coins on the market so don't expect a big profit from it or maybe if you have a $100k worth of USD.

[Best Dreams]

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.

Yes now good time will come because we know reduction in supply makes the price higher we only need to get the opportunity and use it well, if price is gonna rise with the amount of 200 or 300 dollar per day it is not bad price I can see good future price so buy more and then wait to see if the price rises more or not but don’t sell let it rise in price.

[rodel caling]

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.

Great and nice ideas and decision converting half of your bitcoin and altcoins at this time is so wisely decision and for the excahnge you are looking for I suggest for your safety and security try to learn poloniex and coinbase.

[Mahanton]

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.

Dont risk up that $5k usd into crypto if you dont like on potentially facing up serious problem later on.We wont know on what would be the price

on next 2 months in crypto.You wouldnt know if we would dump both btc and eth,then what would you do? Better hold it off in fiat then
if you do need money then simply get some loans or borrow some money to your relatives and friends.

[sj2199]

wow, is it $ 5,000 in ethereum and bitcoin? you better not convert it for other altcoins and keep hold of your ethereum and bitcoin. but everything also depends on your decision.

[CryptopreneurBrainboss]

How about this, since you have some financial commitment in next two months what about buying more bitcoin with the fund you have in Ethereum specifically to be sold later and hold on to those satoshi until when the time comes to full fill the commitment, you use the BTC you bought for that purposes. I won't advice you go into trading with those fund as you might get easily emotionally influence resulting to a breakdowns from impatience.

[el kaka22]

Bitcoin is already gaining super interest by people, maybe it is time altcoins should get a bit of that attention as well ? What could the worst be ? I mean they are already losing value in bitcoin but gaining profit in dollars and as long as people care only about how much profit they have in dollar value than altcoins could at worst result with "not as much as it could be" type of profit instead of a loss.

Moreover, if altcoins start to get some attention after this bitcoin bull I think in the next 2 months that 5 thousand dollars could turn into 10 and even 20 thousand dollars if you invest into right altcoin. There are so many of them at binance right now waiting for binance to stabilize and waiting for bitcoin to stabilize and after that those altcoins will do x5 and even x10 easily.