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Author Topic: About to throw down $20K and need some advice  (Read 609 times)
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May 16, 2019, 07:53:03 PM
 #21

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?

Are you making long-term investment? If so, how long will you hold?

think of the following:

The altcoins already have a lot of competition between them and every month there are new altcoins that are copy/paste and with some additions, but even being new altcons of copy/paste are enough to be great obstacles for the old altcoin. with this reason I tell you not to think that the altcoin will increase a lot of prices in the future, on the contrary it will have many more obstacles because the competition will be much greater. That's why I recommend you buy just bitcoin

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May 16, 2019, 07:56:05 PM
 #22

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas

We can advise you somehow. But in the end, you have to make your own choice!

I like your investment plan and it seems pretty. I think we should keep %50 BTC of our investment all the time. ETH is also another good choice.
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May 16, 2019, 08:06:43 PM
 #23

Looking at the current state of the crypto market, I will advise that you invest your $20k in Bitcoin and Ethereum but it should be a short term investment. Both ethereum and Bitcoin has a good potential of making you earn about 50% of your $20k within a short period of time. But you should do some research before investing.
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May 16, 2019, 08:19:33 PM
 #24

Hey mate @OP, $20k is too much money to invest all at once into cryptocurrencies unless you are a whale yourself lol. Anyway your selection of cryptocurrencies is not bad at all but i would have preferred to invest all into just Bitcoin, Ethereum and Stellar. Never forget to invest what you can afford to lose and if losing $20k is not anything to you, then good luck mate Smiley

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May 16, 2019, 08:50:00 PM
 #25

Well I think from the past 5 years you know your stuff and you know the risk, diversifying your fund like that will take more risk but you got the greater rewards. I personally think bitcoin will be a "king" in the next years to come, there so much dev from bitcoin and many fundamentally good things coming, it' got acceptable more and more, halving etc.

 
~snip
Start with putting $1000 every week on whatever coin (I would do %100 btc btw) you like. (that's called dollar cost averaging)

~snip

Man, i didn't know that this have a techinal name, I just said buying slowly even it goes up in the price.
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May 16, 2019, 08:50:54 PM
 #26

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas
I think it's a good choice when you choose to put 50% of your funds into bitcoin and 25% on ethereum because both of these coins are the culmination of the crypto world even no one knows them for everyone involved in crypto, that way you already got the first safe point with high trust in both of these coins and I'm sure the potential in the future will be very good. Note for you to keep investing wisely and without regret that will come at the end and try to avoid market panic which sometimes can suddenly come. Sorry if I am wrong, but that is only my opinion. Wink

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May 16, 2019, 08:55:59 PM
 #27

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas

I like your portfolio. Just keep in mind we may temporarily correct and that this market is highly volatile. Don't invest more than you can afford to lose. I believe if you hold long term and are disciplined you will be well-rewarded.
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May 16, 2019, 09:13:23 PM
 #28


5 years buying bitcoin on-off, I believed you already don't need special advices. Smiley

You already risks lots of money so you already did some research. No way you are only sitting for 5 years period. You quiet have a good experience by now.

Follow your plan and see what will be the result. Goodluck.

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May 16, 2019, 09:30:33 PM
 #29

I see that you are a long term investor and I am pretty sure that you already know how the market flows as you are investing your money for 5 years already.
I saw also that your strategy is quite good as you are putting your investment in different currencies which is good in order to lessen the chance of losing your funds in case one of your investment will go down.

But if I were you, I will put 9k to bitcoin then 8k to etherium and the rest will be divided to XRP, LTC and Stellar.

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May 16, 2019, 09:58:10 PM
 #30

Why aren't you thinking about buying bitcoin with all your money? If you really want some altcoins choose a smaller number like 18 in BTC and 2 in ETH and you'll be all set. I wouldn't buy things like bank coins XRP and Stellar because they are overthought. People think that if Bitcoin doesn't succeed for its decentralization others will but it won't be like that. BTC dies everything else dies.
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May 16, 2019, 10:37:35 PM
 #31

I will not buy XRP if i have that money for invest now, but you do what you want, there are a lot of complain about xrp and no can guarantee a profit for xrp.

In spite of the continuous criticisms against Ripple, again and again it has brought significant gains to those who have decided to invest in XRP for purely speculative purposes. The fact that you feel animosity towards a certain project, should not blind you to the possibility of obtaining a good profit, because although it is true that what Ripple means for the crypto-universe is questionable, no one can deny that at least as a speculative investment is incomparable.

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May 16, 2019, 10:42:16 PM
 #32

Hard to say. I would advise you to do your own research and go with your gut. Personally I pick btc, eth, and Ada.
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May 16, 2019, 11:17:42 PM
 #33

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas
If i have that $20,000 USD, I will put 50% of that in Bitcoin, 30% in Ethereum and 20% in BNB or Binance Coin. Binance coin is good for long term hold. Ethereum is still a work in progress and I see that price of Ethereum will continue to climb together with Bitcoin. You got it right when you planned to put more on Bitcoin.
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May 17, 2019, 02:29:01 AM
 #34

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas

Your diversification is very good, although I would change the investment of xrp and ltc for more than ETH and Monero, for me they are the most stable currencies and with a high possibility of having more life than all the other altcoins.

But in this case as you already have it is respectable that you have made your decision, however, I advise you if you are willing to invest in Bitcoin, because Bitcoin over these months, or years, will rise generating many profits for those who own it, it will rise in a big way, the good thing is that when the bitcoin starts to be in bullish trend stage, the other altcoins will follow it, but I am completely sure that the first ones that will follow the bitcoin in their bullish tendency and will leave see the gains faster is ETH and Monero, that's why I say, I respect your decision to leave XRP and LTC, but if you want more security ETH and Monero are the best, according to my criteria.

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May 17, 2019, 02:42:23 AM
 #35

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas
If I.were you make it all for BTC for bull run will going to take place.on BTC and not on altcoins do their marlet also moves in accordance with bitcoin market basing on its influence. So, if you like to anticipate the bitcoin bull run then make it to invest in bitcoin but do not do it in one wallet. You can make it 5K per wallet you will have so as to secured it in a manner where hijackers could not get all your holdings in one wallet.
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May 17, 2019, 02:52:28 AM
 #36

Welcome to this forum. I think you should increase your bitcoin buy, and you may want to consider reducing the budget for XRP as we never can tell when the team is going to dump on the market. Adding a good privacy coin won't be bad. Kindly bear this in mind, that at the end, only you will be responsible for your action, all these suggestions are just a guide and not a financial advise
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May 17, 2019, 05:59:42 AM
 #37

I will not buy XRP if i have that money for invest now, but you do what you want, there are a lot of complain about xrp and no can guarantee a profit for xrp.


the wierd think is alot of people complain about xrp but supports other shittier projects that has no customers and no applications to speak of.
Xrp atleast has a product and companys running that product, thats more than most of the whole crypto sphear can say.
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May 17, 2019, 06:10:31 AM
 #38

$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar
10k on Bitcoin Smiley. That is a + for me since most of my holdings is on Bitcoin. At this moment, I'm seeing a big correction and the price of Bitcoin is at ~7200$. I think this is the perfect time to accumulate more Bitcoin but if you are good in TA, I think you can predict when you will buy.

The rest is good except XRP. I'm an anti-XRP so I don't want to invest in that stupid coin. Maybe you can invest if you will just ride the train and not for the long run. All of them are good to hold except that coin.

Just a friendly advice. Before investing, think of the risk and the consequences that you may face and just be ready on it.

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May 17, 2019, 07:33:17 AM
 #39

I will not buy XRP if i have that money for invest now, but you do what you want, there are a lot of complain about xrp and no can guarantee a profit for xrp.

Quite true. I bought xrp last year and I was disappointed. I considered it as a long term investment but I still not gain any profits. I have beyond expectations from that coin. There are so many speculations that it will go up to the moon but the opposite thing happen.

Anyhow, OP. $20k is a huge investment amount. You've said you've been doing buying and selling btc for 5years already. And I bet, you know the peak price and the dip price of bitcoin. If ever, you're aware that last year, btc's price was at $3k,. If you bought 3-4 bitcoins then, your profits are pretty big now. You have a good choice of coins. Keep it up.
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May 17, 2019, 10:07:05 AM
 #40

Hello everyone, I'm brand new to this board but have been buying bitcoin (exclusively) off and on for 5 years. I'm ready to invest another $20K and was wondering what your thoughts were on my investment. As of now, I'm leaning towards the following
$10k Bitcoin
$5k Etherium
$2k XRP
$2k LTC
$1k Stellar

Thoughts?
Regardless, I look forward to engaging in talk with you all in future. Much love, Thomas

Rather than investing in XRP, you can go for coins such as Cardano (ADA) and NEO. XRP is highly vulnerable to market manipulation and I will not trust that coin. There are a few other attractive options as well. You can invest at least 10% ($2000) in anonymous coins such as Verge, Veil, Monero.etc. These coins have great future potential. And it may not be a bad idea to invest in Bitcoin forks such as Bitcoin Cash (BCH) and Bitcoin Gold (BTG), given the sharp increase in transaction fee that we have witnessed lately.
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