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Author Topic: Which coin I should investmen with 5k dollars?  (Read 4227 times)
Mahanton
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January 21, 2021, 10:59:12 PM
 #41

Hi guy,

I have 5k dollars, you think i should investment any altcoin.



Do you think about UNISWAP? i see it have a top rank in DEFI.

Thanks you.
Go with Bitcoin..! Problem solved. If you do really insist on on putting some in alts then go stick with top rank ones.
DeFi i might say dead but not really but the hype is over, i dont see any relevance nor considerations on dealing with this thing.
Diversifying? Just choose wisely yet 5k usd isnt something small to begin with.

R


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January 21, 2021, 11:03:20 PM
 #42

It is not about which coins you will choose, but how you manage the coins you have invested. I recommend choosing top 10 coins such as BTC, ETH, DOT, BNB. come back to yourself to always do analysis before investing. the most important thing is that the right time to buy and sell your investment must be taken into account

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January 21, 2021, 11:07:03 PM
 #43

Hi guy,

I have 5k dollars, you think i should investment any altcoin.



Do you think about UNISWAP? i see it have a top rank in DEFI.

Thanks you.
Forget UNI and you should watch the top coins market right now. Almost all of major coins have been facing very big correction. Keep your money and you may try to enter into the market right now.
you have only a chance until the bump will happen to take the cheap coins. You should go leave from the market when bumping shows it will end again.
UNI is not so promising at this moment.

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January 23, 2021, 09:14:37 PM
 #44

Bitcoin had dropped a lot from the ATH that it made. You should invest half of it which I think will be helpful to you to avoid further losses if altcoins will keep on dropping. I guess Uniswap is a good coin but it's not the type that I'm buying this time.
If it is for altcoins, Ethereum will be the top choice of mine and next would be coins like LTC or BNB. I think those are somehow good coins to have although BNB just reached its ATH, it's still possible to get up which looks like depending to bitcoin's attachment and move.



 

 

 

 

 

 


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January 23, 2021, 09:26:30 PM
Last edit: January 25, 2021, 11:14:12 PM by seleme
 #45

With 5k usd, you can buy a nice altcoin portfolio but you have to be careful with market volatility. Otherwise, being on wrong side can hurt you and the mistake will suck up all juice from your trading account. Buy low marketcap altcoins and forget the rest. Investing in the low marketcap altcoins can make anyone rich with right applied math and making correct predictions, it is just a guessing game. Some lose balance while others make a ton of money. Overall trading is zero-sum game.

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January 23, 2021, 09:56:25 PM
 #46

I think now is not the time to invest in Defi, it is better to buy something like polkadot or avax, or for example to collect a portfolio of several altcoins, to reduce risks

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January 23, 2021, 10:05:03 PM
 #47

I’m going to advise you to buy BTC & hold until at least 2025. Many alts can give you amazing gains but you would be playing the shitcoin roulette if you throw 5k into random alts. Buy BTC & guarantee yourself profits.
Bitcoin is the first choice and always comes first, maybe you can wait for the Dip price and add Ethereum, XRP and Cardano as a portfolio, I don't know but because I think these three altcoins are very suitable for investment

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January 23, 2021, 10:39:04 PM
 #48

Spread it on some good Altcoin, i suggest EOS, XLM, ETH as top coin but dont forget only buy when the price is dip. Also you can spare some of your money in undervalued coins, in my suggestion CLO(Callisto Network) could be nice, but you need to research about it first. 

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January 23, 2021, 10:50:02 PM
 #49

Hi guy,

I have 5k dollars, you think i should investment any altcoin.



Do you think about UNISWAP? i see it have a top rank in DEFI.

Thanks you.
I noticed there was nothing interesting about the UNI token...
It's good for you to only invest in tokens or coins that are in the top 10 of the crypto market cap like Bitcoin and Ethereum. I see tokens or coins that are in the top 10 have much greater potential and resilience than those at the bottom.



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January 23, 2021, 10:53:44 PM
 #50

I'm personally waiting for Moonbeam to buy bags of it. Both River tokens and Glimmer ones. Depends of how that will look like, but Moonbeam is going to be a very strong project with very important use case. DYOR!
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January 23, 2021, 11:03:58 PM
 #51

Why not start with bitcoin? I would suggest you to start with bitcoin as the value of Bitcoin had dipped a little bit hend ei would suggest you to buy at dip and sell when it recovers. Once you are familiar with this then step into altcoin starting with too altcoins like Ethereum and Imas per your research uniswap is a good choice as well and it had just gained over 100% in last three weeks and then dipped is s bit further

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January 23, 2021, 11:23:44 PM
 #52

If I were you I'll buy 1 ETH for long term investment also 5 litecoin for long term investment as well and the rest I'll pick some altcoin which have a good fundamental factor, this is for short term investment.

You can see an altcoin who getting pumped on the exchange, see the reason behind it and if the movement price is reasonable then you can buy the coin. I always do that right now, also I use large laverage in it like 15-20x laverage.

You need to diversify your capital, don't just buy one coin, we don't know what will happen in the future to the coin. Especially DeFi coin, I don't think that all of them will survive for a long time, we know crypto currency will have many event/new development in the future, we can see DeFi coin will slowly dead if the new project coming up.
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January 23, 2021, 11:24:12 PM
 #53

I think you have a lot of capital for investment, so don't waste your $ 5000 on bad coins. My advice is to use $ 2500 to buy Bitcoin, because
Bitcoin is a coin that must be purchased in a larger percentage. After that, buy the rest of the potential altcoins, don't buy too many altcoins.
Just 2-3 altcoins that you should buy. Uniswap is good enough to buy, if you look at its pretty good performance. Then you can also buy Ethereum
and Polkadot, both include profitable coins. Then HODL coins that you have bought are at least until the end of the year, you should be able to get
a large profit based on my predictions.

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January 23, 2021, 11:26:53 PM
 #54

Top DeFi’s are performing well and they even rise up again after the pullback, now that you have huge amount of capital I suggest that you spend some of it on your learning materials so you can know on your own where to invest and when to invest.

Many people here keep on asking the same question, as if they don’t want to learn after all which is a bad idea to start with. Do buy Bitcoin for now, and keep learning until you find the best gem for you.

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January 23, 2021, 11:29:50 PM
 #55

If you have 5000 and no Bitcoin first get some bitcoins. Many people think they'll get an altcoin because it's cheaper and it's a wrong way of thinking. Make sure you have bitcoin and then get into altcoins.

If you have bitcoin and want to get some altcoins I'd advise to get ETH, simply because out of top 10 coins it's by far the best. Stay away from BCH, BSV, and all that other coins that mimic bitcoin because they're just the riskier versions of it. If Bitcoin drops they will drop harder.
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January 23, 2021, 11:55:49 PM
 #56

before investing you must first set which investment you will choose, long term or only short term? but with money 5k will be better for long-term investment because it can provide 10x or 100x returns, if you are still confused about investing then try opening coinmarketcap and choosing top altcoins not of defi projects
it is better to stay away from defi, in my opinion it's just hype that will be easily manipulated for pump and dump. if for the long term, BTC and ETH can be good options.
There are so many new projects nowadays, but most of them just end up being nonsense, even scams, so it's best to do in-depth analysis if you want to choose a new project, try reading this article to avoid a scam project https://cryptodetail.com/scam-crypto-project
if you lack experience, it is better to choose cryptocurrencies that are already strong in the market such as BTC and ETH, even if there is a decline, it can bounce over time.

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January 24, 2021, 02:43:18 AM
 #57

I would still prefer having investment on BTC. But if its alts that you really wanted then better have it on ETH.
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January 24, 2021, 03:14:49 AM
 #58

each altcoin has its own advantages, in my opinion than looking for something new to get x5- x 10 even more than that it will be difficult if we see so many altcoins nowadays and of course the impact on the risk becomes greater. therefore I prefer altcoins that have been on the market for more than a year and have good programs such as ADA, BNB and LTC.
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January 24, 2021, 03:25:24 AM
 #59

That's a good amount of money
You can simply invest in btc but if you want to go with alts then, choose any from top alts but remember on thing try to invest in multiple top altcooins.
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January 24, 2021, 04:13:26 AM
 #60

I'm just worried that DeFi is just hype, so in the long run there's less potential with the $ 5k you have. I am more confident in etherum, no matter what happens, etherum will always be growing and has great potential for long-term investment.
The legit coins will also bring you to the loss if you are not able to decide which rate that you should go into it. It's better to search for the gem that is not yet pumped so hard. That will give us the more chance to earn the profit in short term. The long term investment is very risky at this moment consider if the fact that the ethereum coin is traded above the safest range.
it can be dumped anytime too.

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