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Author Topic: Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month  (Read 281 times)
Armani123 (OP)
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February 06, 2021, 10:03:37 PM
 #1

Seeing how cryptocurrencies have been soaring, I have decided to make a bold move and invest a quarter of my total capital in cryptos. I am looking forward to invest for the duration of 3 months (maximum for 5 months).

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?

Viketo Sumi (Armani123)
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February 06, 2021, 10:15:39 PM
Last edit: February 06, 2021, 10:41:52 PM by chaser15
 #2

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?

I must say that your choices are good but no one can tell you here what would be the exact coins to invest. Trust your judgment and do everything to manage your portfolio very well. We all have our own way so try to make a strategy of yours. Don't set an exact timeframe but focus on profit-taking.

Don't pressure yourself on that timeframe period as long as you are doing good.

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February 06, 2021, 10:41:29 PM
 #3

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.

How long do you trade? What are your key pointers when choosing a coin to invest in?

If your experience tells you that those coins are worth putting some investment in, then go ahead and see the result for yourselves. We might have the same portfolio but our approach will be different, hence with different results.

But if you are just a newbie, I suggest limiting the diversification for now and have a test for only 2-3 coins including Bitcoin. However, if you think you are ready and prepared to monitor several coins at the same time, then it's up to you to push it.

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February 06, 2021, 10:43:04 PM
 #4

Don't set an exact timeframe but focus on profit-taking.


On point!

People should really have this kind of mindset on where they shouldnt think off about timeframe but rather focus out on profit making.
When it comes to 3 to 5 months kind of increase or price changes then all of crypto including Bitcoin itself would have significant movement.
Its neither it would go up or would be down on that time comparing on the price that you had entered.Same goes with altcoins
too on where you cant predict on whats ahead.

R


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February 06, 2021, 10:44:32 PM
Last edit: February 08, 2021, 11:15:59 PM by seleme
 #5

Seeing how cryptocurrencies have been soaring, I have decided to make a bold move and invest a quarter of my total capital in cryptos. I am looking forward to invest for the duration of 3 months (maximum for 5 months).

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?

Viketo Sumi (Armani123)
Since you are new to the investment sphere, I suggest starting with a small amount. Try to buy top altcoins and invest the rest in the ETH, EOS, ADA. Maybe dividing the portfolio and putting %10 of the investment capital on low marketcap altcoins can help but never forget to diversify the altcoin portfolio.  There is no guarantee the investment will be profitable, so do your homework and invest what you can afford to lose. Never try margin trades because the leverage will be the endpoint of your trading career before you get something out of it. Good luck.

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February 06, 2021, 11:25:57 PM
 #6

Take good note of the advice above, they know what they say and I couldn't agree more with them.

I tend to simplify in my reasonings, maybe because I exasperate when I see how some people tend to overcomplicate with unnecessary details (just my point of view) and I would say that it doesn't really matter the "cryptos" you invest in: as long as you don't choose straight scams and diversify a bit your portfolio, if the bull run continues you will profit regardless of your choice, and if the trend changes you won't.

I like to use the fallacy that states that you can only win or lose money, so your chances are 50-50 Cheesy; while it is not true, it is quite a good reasoning not to fall into a false illusion of control, as it is impossible to foresee the different variables (technical, economic, political, psychological) that will take place and can impact the price.

Never ever invest in crypto what you can't afford to lose, and if you have time DYOR, but I wouldn't overcomplicate.

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February 07, 2021, 12:57:25 AM
 #7

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?

No idea about 1inch and Sushi (is this the DeFi hype before?).

Others seem good to me. That now ends up on how will you manage those. Even how good our selected coins is, without a proper strategy, we will fail to takes profit during the trading process.

I will not suggest my preferred coins as it's not as simple to just follow anyone's set of coins. You able to create your own list so I think you aren't new anymore in trading and already know what to do.
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February 07, 2021, 02:32:48 AM
 #8

Seeing how cryptocurrencies have been soaring, I have decided to make a bold move and invest a quarter of my total capital in cryptos. I am looking forward to invest for the duration of 3 months (maximum for 5 months).
I am not curious with your private reasons but I just let you know if you make loan to invest, it is bad. If you spend money from your pocket and have plans to reuse it in next 3 or 5 months, it is fine. You don't have to worry that you will be called by your loan interests and expiration.

But please afford any loss for your investment, and prepare it in case you will end with loss next 3 or 5 months. I meant the preparation can give you good mood and an ending that won't kill you.

Quote
Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?
Bitcoin, 1inch, BAT. Don't stay too long in altcoins as you can become more greedy and loss all.

Finally, it is for investment, not trading, not margin trading.

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February 07, 2021, 05:32:06 AM
 #9

I'd probably say that your picks are decent if the plan was to just take advantage of the price rises of these altcoins and just end up moving them to BTC; and 3-5 months is probably fine though personally I'd definitely be setting up stop-losses on those(besides BTC) because rug-pulls can happen any time. Taking into consideration that some of these only existed since 2020.

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February 07, 2021, 10:38:20 AM
 #10

I want suggest some coin with a stable outlook, top 100 or top 50 in coinmarketcap that could receive yield from staking.
Just as example I have taken some Atom a couple of moths ago and I get a nice profit until now thanks to 7% ROI yearly and a good pump in these last days (another 20-30%).

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February 07, 2021, 10:43:35 AM
 #11

Did you consider the Bitcoin dominance when you bought those altcoins? Buying altcoin these days seems not yet the right time. If you take look on Bitcoin dominance, it is kinda reversing and it is now favor on Bitcoin.
Look when Bitcoin pump recently, most of the altcoins are dumping.
But your selection of alts are quite good, especially with DeFi coins and most of them got a good market cap.

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February 07, 2021, 10:48:01 AM
 #12

Seeing how cryptocurrencies have been soaring, I have decided to make a bold move and invest a quarter of my total capital in cryptos. I am looking forward to invest for the duration of 3 months (maximum for 5 months).

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
What is the budget and how much you are planning to invest in the market, bitcoin is the coin that will give you the profit when you are able to invest at the right moment but i will not advice to invest when the market is rallying and BAT is a good alternative as well but not sure about Sushi as it is DeFi and it is a different market altogether and you need to understand the risk.
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February 07, 2021, 11:09:25 AM
 #13

Ngl, I don't know much about the coins you have chosen enough to give you advice if you are investing in right coins or not. But if I were to invest in coins for 3-4 months, I would invest in Dogecoin, Ripple, Stellar, Bitcoin. I think Dogecoin will have another surge coming soon, atleast it might reach 0.1$ in upcoming months. You should do very good research on your own too because nothing is guaranteed Wink wishing you best!
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February 07, 2021, 11:20:02 AM
 #14

Don't set an exact timeframe but focus on profit-taking.


On point!

People should really have this kind of mindset on where they shouldnt think off about timeframe but rather focus out on profit making.
When it comes to 3 to 5 months kind of increase or price changes then all of crypto including Bitcoin itself would have significant movement.
Its neither it would go up or would be down on that time comparing on the price that you had entered.Same goes with altcoins
too on where you cant predict on whats ahead.
It's not only profit taking... It's important to know updates and new stuff that are incoming from the projects. Sometimes prices can go parabolic and understanding why and when is important to maximize profit.
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February 07, 2021, 02:00:26 PM
 #15

Ngl, I don't know much about the coins you have chosen enough to give you advice if you are investing in right coins or not. But if I were to invest in coins for 3-4 months, I would invest in Dogecoin, Ripple, Stellar, Bitcoin. I think Dogecoin will have another surge coming soon, atleast it might reach 0.1$ in upcoming months. You should do very good research on your own too because nothing is guaranteed Wink wishing you best!
Don't invest on DOGE right now, it's just like a bubble which will bust soon. This pump only happened because of elon's tweet about DOGE, better to wait until it back to it's price before. Investing now has huge risk
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February 07, 2021, 02:09:05 PM
 #16

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?
Actually, some of the ones you have chosen are correct, but only do you want to save a maximum of 5 months? or trade short term for 5 months?
If that is the case then in my opinion it is better BTC, ETH and BNB alone are much better than other altcoins but if you see how when the spike occurs you are ready for short trades then it's better to take a little profit but it flows every day but that definitely the best investment is bitcoin in its entirety.
But it becomes your decision that this should be the best choice for you.

R


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February 07, 2021, 02:49:53 PM
 #17

Seeing how cryptocurrencies have been soaring, I have decided to make a bold move and invest a quarter of my total capital in cryptos. I am looking forward to invest for the duration of 3 months (maximum for 5 months).

Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin.
Do you think my choices are prudent?
Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?

Viketo Sumi (Armani123)

Why am I not seeing the best choices in crypto? I am not saying your choices are bad choices. They are all good and they all seem to have a bright future but I think if you have to choose which crypto investments are the best you should start with Bitcoin and then Ethereum next. Only after picking this two should you consider other choices such as Waves, Litecoin, ADA, etc.
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February 07, 2021, 03:17:43 PM
 #18

Why are you investing into what's already so high in price atm? Even if it consolidates, I don't think it'll give you more than 2-3x of your investments. Instead, try to look for good projects coming under Polkadot and Polkastarter's IDOs which will have much more potential of giving not less than 10x, even 100x in some investments. Though, as it'll be new, I'd ask you to wait for some days for it to gain higher and then sell it because it'll take time to get exposure and make extremely higher gains.

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February 07, 2021, 03:41:02 PM
 #19

Firstly it would be better to start with a small amount, that is why at the beginning everything will not be so easy as expected. On the other hand for a duration of 3 to 5 months l advise preferring top altcoins, absolutely ETH, BNB. Investing in top altcoins is the best choice for all investors, that is why it is less risky. l believe that you can make money from ETH investment. But in the end, you should make your own decision, not follow others, you can learn from others, but you should decide only for yourself.

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February 07, 2021, 03:59:11 PM
 #20

DOT, that is one of the options I am offering you. The reason is, with the growth of DOT so far, the potential for the future will be even better. it also depends on how willing you are in the capital provided to invest in crypto. If the numbers are big, then you can see the DOT.
why not Bitcoin and Ethereum? because both are soaring, it took a long time to wait for an affordable price. it's Bullrun season, while Bitcoin and Ethereum are on the moon, you can take advantage of them on DOT.

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