your opinion about this investment strategy

[secretgirl]

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

I agree with your strategy in investing in crypto. always dedicating more money to invest in bitcoin is the right thing. because bitcoin is the main currency in cryptocurrency. and most altcoins always follow the price of bitcoin. for altcoin I choose ethereum, ripple, litecoin and BNB in my opinion those four coins are potential coins because they have sophisticated technology and also have a large trading volume. I am sure in the future bitcoin and the four altcoins will increase.

[AicecreaME]

Strategies that prioritize bitcoin as a major investment are good and in my opinion important. In addition to bitcoin, for altcoin, it is better to choose altcoin which is in the top 50 because it has a large transaction volume and also the exchanger factor determines me in deciding to invest

It depends. Let's assume that OP is a panic seller, and he holds the biggest percentage of his investment in Bitcoin, then the price suddenly drops (let's say from $11,000 to 8,000) that is a good scare, then OP panicked and sold all of his bitcoin, afterwards, the other day, it went back to normal, he just lost his profits and didn't wait for the bull run, what a sad ending.

I think it would be good if OP will divide it equally, just being safe.

[sapnu]

Actually mate putting money in different coin is a good idea ,but make sure as well that you can gain good return in the future.  Because you know not all coins nowadays can succeed , what i mean due to the current situation of the market . for me in my opinion much better to focus with the top coins in order to protect your capital and to assure you can accumulate profits . Actually holding btc is a good idea but in my view  the rest of your alts seems not certain ,wherein because of being not popular. I hope you make technical analysis first before buying that coins.

It's a matter of how well every investors did with their research, since market can be unfavorable and because of heavy fluctuations some coins from the list might not have any progress. Investment always needs to have good research and good analysis as there's always good potentials when you
fully understand how the market works with the entire market. always do your DYOR.

I think you should study first and learn from the ones who are already done trading before until now, they can actually give you some tips on how to trade safely and effectively. Because as of now there are lots of trading sites that are not trusted and might be scam you. Choose and pick some trading sites in which there are lots of good reviews from traders and also consider the bonuses and gifts because some of the trading sites are giving some bonuses to the traders. You should have a solid portfolio for you to earn a lot of money you want, it is actually important. Have research on a token that you want to buy and hold so that you can really earn.

[biddicoin]

Strategies that prioritize bitcoin as a major investment are good and in my opinion important. In addition to bitcoin, for altcoin, it is better to choose altcoin which is in the top 50 because it has a large transaction volume and also the exchanger factor determines me in deciding to invest

It depends. Let's assume that OP is a panic seller, and he holds the biggest percentage of his investment in Bitcoin, then the price suddenly drops (let's say from $11,000 to 8,000) that is a good scare, then OP panicked and sold all of his bitcoin, afterwards, the other day, it went back to normal, he just lost his profits and didn't wait for the bull run, what a sad ending.

1 the problem in this case is panicked easily, not in bitcoin or altcoin
2 that's just assume

I think it would be good if OP will divide it equally, just being safe.

so, that diversify is good. we have to give more to promising coin, in this case is bitcoin.

[topbitcoin]

I am not expert but maybe having an investment in fewer coins will be very helpful. Especially with that you will be able to focus more and maybe will have a portion of your savings which is now used to buy lots of coins. That way, if the worst happens, you still have money to buy the coin at a cheaper price so you don't have to wait for the initial price to return if you want to sell your coin. BTC, XRP, ETH and maybe TRX and EOS can be option.

[kodtycoon]

i don't know why you didn't enter ethereum in that investment, in my opinion ethereum would be a good option under bitcoin, you have a lot of funds and you also buy a lot of bitcoin compared to others, with that much capital i'm sure you still have to put ethereum in your portfolio so you holding lots of potential coins which are basically very good for investing in projects that have long and good prospects for a long time

[sazonk]

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

in my opinion your strategy in responding to early retirement planning and switching to crypto is not a bad thing, it is very good and you are supported as a programmer you will understand quickly.
For the selection of tokens / coins I think you are great as a new person who will invest, yes how not the coin mentioned by you is a coin with high potential, do not forget very to potentially low too, why is that, in this crypto when we invest and predict it's not an easy thing, even though there are many reliable traders but they also experience a loss, but it's not a big problem because it's all part of the process.

[kanayaTabitha]

This is my personal opinion but i think XRP is not worth to invest much because the growth of this coins too slow compared to other alts. I think because XRp is not decentralized and the owner can stablize the price so it won't go down and also go up. I think this coin should become stable currency because it's already famous among the crypto traders but also the price is not worth for investing.
I would suggest spend 10% of your assets for hunting a good ICO/IEO because that can bring much profits if you choose the right project

[StephenJH]

I never agree to make an investment by listening to other people's opinions for obvious reasons. It will not get so far and I prefer to do what I know while just listening to the opinions of other people. Diversification is necessary under the current market conditions but as a crypto investor who understands the risk definition, you have to take a considerable and minimized risk for achieving the maximum outcome.

[Kevondo]

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

Cardano. Qtum. Atom. I think it's better if you don't choose it instead to return it to a Bitcoin investment. Your percentage is quite low in this investment for bitcoin. I suggest if you can have 50-60% Domination of your investment in Bitcoin and the rest you can choose altcoin. because I've tried so many altcoins that I invested it actually gave a loss.People also have an average investment with their portfolio dominated bitcoin

I will also encourage an increment in the percentage of bitcoin. It is a way too low. I would recommend 70 percent at least. There is no point in holding so many coins. They are not going to benefit in any way. Somehow, I feel like investors choose this path because they do not fully trust bitcoin. This is more of a safe plan than a beneficial plan. bitcoin is the best of best and must be invested the most.

[Killer_ Binance]

Looking at your portfolio, I get the impression that you are diversifying, alternating plans alt. This is a good idea.
But I think you should narrow your assets to invest in some outstanding alt.

[Silberman]

Strategies that prioritize bitcoin as a major investment are good and in my opinion important. In addition to bitcoin, for altcoin, it is better to choose altcoin which is in the top 50 because it has a large transaction volume and also the exchanger factor determines me in deciding to invest

There are investors which do not like to add bitcoin to their portfolio because they do not feel they are really investing since their profits in fiat can increase but not their profits in bitcoin, and while they are correct at the same time there is no need to take the risk of having a portfolio made of only altcoins, focusing in bitcoin can limit your profits when an altcoin season appears but as we see now it can also boost your profits when bitcoin is the coin that is growing the fastest.

[Kingairdrop]

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

Your strategy is not bad, but what you need to know is the fact that different traders with different investment plans and strategies. What worked for mr A might not likely work for mr B.

Just as you have rightly mentioned, your pocket determines what you can invest and the quantity stated by your percentage is of good proportion.

[Silberman]

Your strategy is not bad, but what you need to know is the fact that different traders with different investment plans and strategies. What worked for mr A might not likely work for mr B.

Just as you have rightly mentioned, your pocket determines what you can invest and the quantity stated by your percentage is of good proportion.

If two different persons employ the same strategy and one makes money with it and the other does not then it is clear there is something wrong with that trader and he needs to look at what it is, but in my experience most of the time what is wrong is the ability to control your emotions in key situations, if you were to give me a choice between a person which knows everything about trading but cannot control his emotions and someone with strong emotional control but no experience as a trader I will choice the second in a heartbeat to be the most successful.

[aysg76]

I am surprised that you are missing some prominent and potential altcoins like ETH from your portfolio as you should contribute 10-15% of your funds toward ETH and invest more in Btc for long term high returns.Rest of the altcoin you have choosed are good as per your wish but do some research there are many more good coins available in the market so invest wisely.

[Lauren Smith]

I think to close it and make it smaller. A note closed group of coins would be better for you. Take your favourites and concentrate on them. Your portfolio would look good with this strategy but remember with divercity you need the divercity of money too. Each share of money needs to be a certain amount to be worth it. So stick to a handful of currency and you can't go wrong. If you decide to start investing more then you can start buying all these other coins you talk about. I personally stick to 5 coins.

[setialovers]

I think the altcoin choice you made is quite solid and has long-term prospects. With a larger share of Bitcoin representing a fairly expansive portion of investment and I think this is a good strategy if you want to hold it for the long term

[cryptothreads]

I am surprised that you are missing some prominent and potential altcoins like ETH from your portfolio as you should contribute 10-15% of your funds toward ETH and invest more in Btc for long term high returns.Rest of the altcoin you have choosed are good as per your wish but do some research there are many more good coins available in the market so invest wisely.

There was no problem with this investment because he has so many good options during this time. If you are rich, you have the right to choose the coins you love and hold in the long term. He may not be interested in this market but the profits from this market help him earn a passive income in investment. I personally love that list and would consider investing on this list if I have a lot of money.

In my opinion, he should choose Atom more because this is a coin that is expected to grow very high in the near future and can completely beat other leading altcoins like Ethereum.

[Ajibola123]

try to restructure your investment, its good as you have chosen to invest more on BTC but you can also include ETH and Bitcoin Cash, they are good alt coins too and you wont regret making that decision, Dont also forget to rule to invest when the price is at the lowest so as to maximise your return. best of lucks.

[asus09]

I am surprised that you are missing some prominent and potential altcoins like ETH from your portfolio as you should contribute 10-15% of your funds toward ETH and invest more in Btc for long term high returns.Rest of the altcoin you have choosed are good as per your wish but do some research there are many more good coins available in the market so invest wisely.

There was no problem with this investment because he has so many good options during this time. If you are rich, you have the right to choose the coins you love and hold in the long term. He may not be interested in this market but the profits from this market help him earn a passive income in investment. I personally love that list and would consider investing on this list if I have a lot of money.

In my opinion, he should choose Atom more because this is a coin that is expected to grow very high in the near future and can completely beat other leading altcoins like Ethereum.

During altcoin have on the top rank with coinmarket cap I think is best solution for investing but when looking bitcoin have down maybe waiting is better way how to get keep holding for investing, I think above your altcoin assets only eth become potential for long term investment way because have many investor hold eth assets for future.