Trying to invest in Binance

[CucakRowo]

-snip-

Would you shared what considerations that you used when you decide to invest in a project? Is it based on a trend? hype? vision and mission of the project as mentioned in whitepaper? or something else ?. Really appreciate if you willing to share the methods/tips that you use when deciding to invest in a project.

[khimer_rangers]

I think the coin you choose for investment is good, but I think BNB also needs to be considered or included in your investment list for the long term and you don't need to wait long term when the price goes up, sell it and wait for the price to fall to buy back.

[sempak]

Why don't you consider buying Bitcoin as well? also have you do a background search on each of the coin? and what could be your reason on buying it. Also do you have any plans about it, like long term holding if so what could be your goal? holding it for few months or you have target amount that's also you need to consider before investing to any coins.

[amos77978]

binance isnt a decentralized platform not even their DeX is decentralized so funds can easily be manipulated.. I'd rather take my chances with uni than buying BNB

[republicrypto]

After such a long time, I am busy in my real life because of Covid-19. I am trying to read the news here and find something that can help me make money.

So, I am trying to deposit some money to binance and buy the coin as my investment. Here is the list:

TRX, LOOM, TROY, KAVA, EOS, ONT.

The biggest allocation of my money was in TRX.

In the first month, I use little money to invest in TRX, and I got the next month's reward. So I decide to invest more money to buy more TRX plus to buy the other coin as I mention above.

I am planning to invest more, but I need suggestions on what coin to invest. Should I still invest in TRX? Or I need to buy the other coins?

I am thinking about SXP, ADX, Tezos, Atom, Algo, Harmony, Qtum, Komodo, Neo, and Elrond to be on my investment list, but I know that I can not buy all of that coin at once. I can buy it every month of each list with the money that I am willing to use for the investment.

I already did that from 3 months ago, and now, I am trying to use $30/month to invest.

I have my bitcoin in other wallets, which I don't use to buy those coins. I keep my bitcoin just in case for the next bull run. I use the other money to trade, although I know that the profit is not too big for me, that's really meant for me.

Thank you.

great choice, maybe you should think about Fantom too my friend
this altcoin is good enough and in my analysis this alt will be good for long term hodl
regards

[suzanne5223]

After such a long time, I am busy in my real life because of Covid-19. I am trying to read the news here and find something that can help me make money.

So, I am trying to deposit some money to binance and buy the coin as my investment. Here is the list:

TRX, LOOM, TROY, KAVA, EOS, ONT.

The biggest allocation of my money was in TRX.

In the first month, I use little money to invest in TRX, and I got the next month's reward. So I decide to invest more money to buy more TRX plus to buy the other coin as I mention above.

You are lucky that you invested in TRX when it experiencing some surge in price cause TRX is among the most manipulated coin in the market. However, there various way you can make money through Binance aside trading activities and it explain in the below image.

I am planning to invest more, but I need suggestions on what coin to invest. Should I still invest in TRX? Or I need to buy the other coins?

TRX shouldnt be consider as a good investment, youre lucky in the first time and may not be next time. I will advise you to invest in BTC, ETH, BNB and good Defi like YFI and LINK.

I am thinking about SXP, ADX, Tezos, Atom, Algo, Harmony, Qtum, Komodo, Neo, and Elrond to be on my investment list, but I know that I can not buy all of that coin at once. I can buy it every month of each list with the money that I am willing to use for the investment.

I already did that from 3 months ago, and now, I am trying to use $30/month to invest.

Invest in more than 5 coins at a time required portfolio management and if you dont have adequate knowledge in crypto investment i will advise you go for decentralized coins

[tvplus006]

Don't diversify with too many altcoins. Why don't you want to invest in bitcoin? and are you holding your altcoins on Binance and leaving it there as is?
If that's what you do, for holding, withdraw it and hold it to a wallet where you hold the private keys.

No, I am not. So far, I only have 5 altcoins in binance, and I am trying to staking the coins on binance because I think that can be profitable for me. I also invest in bitcoin, and I am still trying to invest in bitcoin in a separate wallet. But I want to diversify my investment by investing in an altcoin.

A common practice for those who trade on Binance is the BNB hodl. This exchange coin provides its users with many different preferences, such as reduced commissions, participation in IEO, and various forms of deposits and stakings. As for other altcoins, I would prefer Ethereum instead of the ones you chose to invest in.

[Fakhrulenclix]

Don't diversify with too many altcoins. Why don't you want to invest in bitcoin? and are you holding your altcoins on Binance and leaving it there as is?
If that's what you do, for holding, withdraw it and hold it to a wallet where you hold the private keys.

Why not with many altcoins?? altcoins is the solution for high profits, I know because I also invest in many altcoins. For people like him and me or any people who only have small funds, bitcoin is not worth it. And I agree he should withdraw the assets to the wallet which he holds the private keys, keep it in exchanges even in binance is not safe. Remember Kucoin already hacked

[ruli stylon]

You have bought TRX tokens for the long term. I like TRX, because TRX withdrawal fees, in my opinion, are very cheap compared to ETH.

Investing as many coins as you hold is risky, but having a stake in binance with stakes can offset your losses as the price drops.

[BuNga_cute]

I think you really believe in the potential of TRX, it is not wrong to invest in TRX, because TRX is a profitable coin.
But it is less accurate if TRX gets a larger percentage compared to Bitcoin. My advice is try changing your investment policy,
with an investment of $ 15 per month in Bitcoin and the remaining $ 15 you just buy another coin. And don't buy too much TRX,
because there are many other coins that are better.

[Lanatsa]

When it comes to investment then its someone choice if they do decide to stick with lots of altcoins or just stick with several or major ones.

So far I have seen that you are making out some serious profits on the way you do diversify things out and it turns out very well.I cant judge that you should stick into fewer alts
specially on top ranking ones rather than considering those low rank ones.Ive seen TRX and EOS which is worth neither for long term and short term ones and the rest
im aint that familiar.

Always make your decision to be precise in the times of selling or re-entry.As long you are profitable then you are doing just fine.

[senyorito123]

After such a long time, I am busy in my real life because of Covid-19. I am trying to read the news here and find something that can help me make money.

So, I am trying to deposit some money to binance and buy the coin as my investment. Here is the list:

TRX, LOOM, TROY, KAVA, EOS, ONT.

The biggest allocation of my money was in TRX.

In the first month, I use little money to invest in TRX, and I got the next month's reward. So I decide to invest more money to buy more TRX plus to buy the other coin as I mention above.

I am planning to invest more, but I need suggestions on what coin to invest. Should I still invest in TRX? Or I need to buy the other coins?

I am thinking about SXP, ADX, Tezos, Atom, Algo, Harmony, Qtum, Komodo, Neo, and Elrond to be on my investment list, but I know that I can not buy all of that coin at once. I can buy it every month of each list with the money that I am willing to use for the investment.

I already did that from 3 months ago, and now, I am trying to use $30/month to invest.

I have my bitcoin in other wallets, which I don't use to buy those coins. I keep my bitcoin just in case for the next bull run. I use the other money to trade, although I know that the profit is not too big for me, that's really meant for me.

Thank you.

I support you with your choice, make sure that you're doing daily trading with it in order to earn good and stable profit. Have a dedicated time in monitoring the daily market fluctuations on each coin you are holding or using in trading. Buying when at lower value and setting your good price is the best strategy, so don't miss every single chances that you might achieve when those spikes will hit a good target.

[Danslip]

I know a few Millenials who work in McDonald's have invested in Link monthly $100 but they don't have an idea why they have chosen the Link for long-term investment. Maybe you can explain why you have chosen the mentioned altcoins? Monthly $30 is not bad but you should increase the stake before the bull market if the person lives with only from paycheck to paycheck. Sadly not everyone has the same investment capacity, these guys should feel lucky as a young people. Binance should be the last point in this case and buying from DEX-swap will be more appropriate because Binance listed altcoins are heavily speculative or overpriced.

[romero121]

All the altcoins thats been mentioned by OP have got good trading volume. This itself a positive thing, further every altcoin has grown good when listed to the Binance exchange. Ont, Loom and all unknown to the cryptocurrency users, and once it got listed on Binance it was one among the familiar used on trading.

There were more suggestions not to diversify much, which is a valid one. If you're into continued trading than holding it long term then you should reconsider diversifying further. Also most were low price altcoins which too is a better way of investing, where the profit isn't short term focused.

[Rengga Jati]

It is a good way for you to invest that amount monthly and it can be saved. But, why don't you choose BTC or ETH?
I know that you may have your own choice, but investing in the trusted and top coins may be better. Just do more research before investing because it is very important to be done.
TRX is good, it can be one of the options. I will prefer BTC and ETH only, and for some other altcoins, I will prefer OGN, DIA, and also CTSI maybe.
But, it is good to diversify your funds into several coins. And it needs to monitor its progress and movement on the market. 

[maxreish]

Will you not want to try ethereum and bitcoin as well?
Well, it's your choice which coin will you invest in Binance. As long as you have make sure that you did DYOR and accepted any risks investing with those. Also, trx is a good coin too. You can also try new defi coins right now. Check out CMC for the top defi coins, they have a great potential returns, too.

Just don't forget that invest only money that you can afford to lose. As long as you have a target profit where you'll gonna sell your coins, then you will gain and become succesful.

[amishmanish]

So many people talking about Tron. I read about Justin Sun in this article from the Verge  a few days ago. Former employees attest to the horrible ethical standards of their founder. While the website of Tron shows Justin as your average starry-eyed, well mannered geek receiving felicitations from Jack Ma and bidding millions for a dinner with Warren, the article in The Verge has terrifying details about the actual incidents. The huge community network effect though plays in favor of TRX. Justin Sun surely is a marketing genius.

[Anarchy101]

All the coins that you mentioned are pretty good but, my only doubt is for EOS because lately, I feel like EOS is not performing much. It is kinda stuck at $2.4-$2.6 range. I too hold some EOS but thinking about selling them out.

[btc-facebook]

Tron is a good choice, but it would be great if you added other coins to your portfolio like Tezos or Elrond, and if you understand masternodes you can try Netbox, Netbox is not very well known, but it has a lot of products, it's just that Netbox is not yet available on the Binance exchange,
The most important thing is that you don't need to hesitate when investing in coins that have a high CMC rating, especially those that are already listed on Binance, because coins that are already listed on Binance are not a scam project.

[Salauddin1994]

Binance is a very good site for investing in crypto the demand for the currency you are investing in is very high there is no problem in adding other coins and it is possible to get more return on long term investment more convenient for newcomers. Investing in binance reduces the risk of loss and double the profit if the price goes up.