Which plan seems better?

[sayaya17]

Investing in bitcoin and ethreum is what we should do. But if we look at the movement of ethereum always moving where bitcoin goes, maybe for me
I prefer bitcoin only. On the second plan, it may be included ethereum in the investment portfolio weekly or monthly. But it depends when the price is low.
Looks like it's interesting to me. Because besides long-term investments, I also want to make a profit every week or month.

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[DarkDays]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Why do you want to buy BTC and ETH,since their prices are moving in the same direction.
Real portfolio diversification means buying various assets,which prices aren't correlated to each other and are not moving in the same direction-up during a bull market and down,during a bear market.
I think that it doesn't matter if you buy BTC and ETH only or BTC,ETH and LTC.It's basically the same to me.
I'm a Bitcoin maximalist,so I would buy 100% Bitcoin and 0% altcoins.

Yes, I can see what davis196 is saying. Bitcoin and ETH/LTC are quite similar. I'd go with option 2 but increase the timeframe i.e. monthly and I would recommend a switch away from LTC. If you really want an alt there are better ones out there that can increase much faster in value like ORN, DAO Maker or even Alice. It is up to you but try to diversify a little.

[jjdub7]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

In my opinion, if you decide to invest every week, it would mean smaller amounts to invest and the better option is to focus on the two leading coins on the market - Bitcoin and Ethereum. Both are expected to make a big rise in the future. Litecoin is also a pretty good coin, but if you need to split your investment it is better to do it between BTC and ETH.

[DatKing]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

I would go with Plan 2. I always think that investing in Bitcoin and Ethereum is really profitable in the long run. Litecoin also seems like it deserves a chance. Because in nearly one year, the price multiplied itself around 6 times.

And when it comes to the requirement for a hardware wallet, you can prefer it when you have an amount of coins which is worth really high and you would like to secure it.

[PointHope]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Buy Bitcoin only.

Elon Musk's safe word: "bitcoin".

[Distinctin]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

...

Buy BTC and Bitcoin only but not at 50/50, it is better to buy more on BTC 60% while 40% for ETH. Well, buying coins during the dips is not unusual, most investors do this and then sell at high. But this is not what I have planned after buying, I have to hold it for a while until the next ATH just comes. Patience can be tested as well but if we are truly committed to our plan, that seems possible.

[wxa7115]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

...

Buy BTC and Bitcoin only but not at 50/50, it is better to buy more on BTC 60% while 40% for ETH. Well, buying coins during the dips is not unusual, most investors do this and then sell at high. But this is not what I have planned after buying, I have to hold it for a while until the next ATH just comes. Patience can be tested as well but if we are truly committed to our plan, that seems possible.

I would prefer for newbies to begin their path in this market by being 100% invested in bitcoin, not only this is way easier to understand it is also way easier to keep track of only one coin instead of several especially when you are starting out and it is also going to stop newbies from making too many mistakes.

The main reason why new investors lose money in this market is because they invest in scam coins or they fall in other kind of scams like pump and dump groups, it is way better to reduce the chances of making a mistake and the only way to do that is to invest only in bitcoin, years later once they have more experience under their belt and if they still want to invest in some popular altcoins then they could do it but with a very small amount of their capital, that way if they happen to lose money when they invest on those coins as the majority does most of their capital will still be safe by being invested in bitcoin.

[doctor877]

Investing at every dip is much better, no matter how much you plan to invest its always better to buy at dips. First plan seem bit cool to go with. Just buy more Bitcoin.

[nebuch]

I go for plan 1. Just buy Bitcoin, Ethereum and Litecoin. Of course do that at the time of dip correction. Don't buy at the peak. Much better to wait for decline than do not consider where the price is heading. Useless to buy at the peak if in the next days the price could be at the bottom.

Maybe for now, better to consider to save money just to buy Bitcoin and Binance imo.

[acener]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

I think weekly investment would be the best if you have spare money to do it.
Consider it as saving in a piggy bank but we all know that it is way better than it.
I would also do it once I had settled everything that needs to be settled but I plan on focusing with BTC only .

[Yatsan]

Purchasing both Bitcoin and Ethereum on a weekly basis depending on its price will be the best I think based on the options given. I am not just basically sure about giving it a hand on Litecoin but it is your choice so you can do whatever you want. Doing such way can make your grip bigger for you are focusing on Bitcoin and Ethereum and actively doing purchase on a weekly basis. But still results will not be sure to get consistent. It still dependent on your capacity and capability so any change of plans are always welcome as long as you are seeking to progress on whatever you are doing. But either way of those plan 1 and 2 are good. You better just see and compare it by yourself to see which would be better and will be suitable for you.

[traderethereum]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Plan 2 seems to work for me, but for the next week, I will buy 50% BTC and 50% LTC, and I am not going to use 100% for LTC or ETH because bitcoin will be my number 1 investment.
Hold will be the next plan after I have all of that coins and not selling for some time or until the price increase so high.
You can use Ledger or Trezor to keep all of your coins, and after you bought those coins, you can send them into that hardware wallet and keep it.
But besides that hardware wallet, you can install a mobile phone wallet that supports bitcoin and altcoin. That can works good for you if you do not have more money to buy a hardware wallet.

[Bilgent]

Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

I think Plan 2 seems better. I always recommend investing in Bitcoin and Ethereum. But you could give a chance for Litecoin also as its price is also giving good signals for the future I think.

But if I were you, I would prefer BNB rather than Litecoin. It has a bigger potential I think and I wouldn't be surprised if its price reaches 1k in this year.

[isaac_clarke22]

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In your case, I wouldn't even think of other coins none other than Bitcoin and only Ethereum for now.
Unless the amount I currently hodl right now is not gonna really hurt my sanity if I get losses though mostly I don't do other coins except for those two coins I mentioned.

[veznata]

100% BTC and HODL. in the past I hold large amounts of altcoins (incl. eth, ripple etc.). at the end today i have at least 5 times less the amount of BTC I would have if I just stick to BTC from the beginning. now I am 100% in BTC. just relax and HODL until price reach what is enough for you.
Use either Ledger or Tresor. I use Ledger Nano S personally since prices start to become too high more than 3 years before.

[Questat]

100% BTC and HODL. in the past I hold large amounts of altcoins (incl. eth, ripple etc.). at the end today i have at least 5 times less the amount of BTC I would have if I just stick to BTC from the beginning. now I am 100% in BTC. just relax and HODL until price reach what is enough for you.
Use either Ledger or Tresor. I use Ledger Nano S personally since prices start to become too high more than 3 years before.

If you hear this saying "never put all your eggs in one basket", probably you will think that spreading your funds to 2-3 coins is safer than having Bitcoin alone. Well, of course, it is your decision and that I believe also that you are already prepared for the incoming. Because if the price of Bitcoin will dump, you will definitely at lose, unlike if you are investing 2-3 different coins, the others will save you from that particular situation.

[Sithara007]

Don't go for ETH and LTC. For both of them the future potential is not very bright. You can go for more promising coins such as Cardano (ADA), Binance Coin (BNB) and Polkadot (DOT). Ethereum is facing a lot of issues lately, related to transaction fees. And Litecoin exchange rates (against Bitcoin) have been going down for quite some time now. BTW, it won't be a bad idea to allocate 80% of the funds to Bitcoin and the rest to altcoins.

[mezzaluna]

There is also another plan that you could go for and its quite profitable for some people. Its getting into daily trading and looking for different coins that would have the potential to blow up in the next couple of days since April is coming and we all know that the month of April is a great month for all Cryptocurrencies specially if we look in the past years. There are a lot of new coins that boasts a lot of potential and getting into daily trading can be quite profitable for you if you are the kind of person that jumps in and learns about every possible aspects that can boost the value of a token/coin.

[vaultman]

I don't think it makes sense to invest such a small amount of money in these types of cryptocurrencies. With a small balance, you should pay attention to altcoins, especially since the season of alcoins is underway. On bitcoins, it will not be possible to make at least x2 in a short time, but on altcoins it is easy.

[int03h]

Buying option 1 looks better since they are the best cryptocurrencies to hold in the long term. I suggest a better way is to spend more money and buy when the market plunges short term. You will have to give them some technical analysis knowledge. I think that's not too difficult for you. If you do this you will be able to have good buying zones and confidently hold them for long because you bought at the best possible prices.