Hi, I have a high risk profile. I think I can invest 100,000 US dollars over the next month. This is 75% of my savings, from my entire life. It's a one-shot deal. I accept that I could lose all my money and have no savings. I am early middle-age.
Appreciate your enthusiasm but pumped up enthusiasts like you, I have seen a lot and they didnt end up well in trading. Trading needs patience and a sound mind and lack of foresight will cost you a lot.
I'd like a 10x return at least. I do not believe I am an idiot, nor do I believe anyone can always pick winners.
20x would be even more awesome.
I am interested in about a year time horizon starting the clock from April 10, 2021.
Will try to answer your question but you are asking for get-rich-quick schemes which dont exist in the real world. Maybe you should get a grip on reality before things start to tumble?
1. How would you invest my 100,000 and over what time horizon? I'm thinking for alt-coins you have to get in near the ICO or within the first month to realize a 10x.
ICOs are scams. After ICOs were started being branded as scam, the scammers who ran them changed the names from ICO to STO>IEO as if security tokens would be the next thing, but the SEC did not accept that and the concept failed because it was a scam anyway.
Keep in mind that ICOs and their other Initial Blah Blah offering siblings are not considered as legal securities by the SEC. Any loss you make there will be yours to burden on. And trust me, after seeing ICOs from their inception to death, 99% of them have been pure scams or failures from the start.
Instead, putting that money to gradually buy bitcoin at every dip and selling at uptrends is a profitable process.
2. How many alt-coins would you suggest I focus on? For example, 10,000 each on 10 alt-coins? or 5000 each on 20 alt-coins? Or 1000 each on 100 alt-coins?
Exactly zero. But you seem enthusiastic so you could go for Ethereum and Litecoin when they drop. My recommendation is not financial advice though. I bought them at very low prices in bear markets but this is a bull market and buying now would mean a significant loss because the market can crash at any time.
3. Names of specific alt-coins where it's not too late to realize 10x gains if you are new to the market in April 2021? I see some YouTube videos and charts, and it seems I am 3-4 months late to the game. Had I just invested in January 2021 in those projects that I like, I would easily have had a 3-5x already.
First stop reading twitter shills and youtube content on crypto. If you want advice on trading, learn it from stock market related people. Crypto youtubers are known to shill altcoins that are pump and dump schemes. Ask me, yes the bear market has passed so the time to enter has been crossed, rather this is not the time to buy bitcoin or altcoins but to sell if you already have some.
10x gains on any altcoin is no longer likely unless another Musk related pump occurs. Trading is not going to give you short huge returns. You have to be patient and buy only quality stuff and that is bitcoin mostly.
4. Stepping back, am I too late already to the alt-coin market? Should I just do bitcoin which I view as low-risk?
What most crypto users who are stepping in the market fail to understand is that bitcoin is low risk or high risk depends on how your country deals with it. Otherwise in terms of profitability, it is the most profitable if you bought it at low.
Yes, in a sense you are late to the game and this is not abnormal, because a person will hear about a certain thing only when it became popular. Did people know and buy bitcoin in large extent when it was first started in 2009? No. But today it is out of the reach of a common man.
The point is to keep tabs on crypto markets, you have to keep shadowing the coin that you want to buy and that should be Bitcoin and if you are willing to take some risk, only the top10 altcoins excluding the forked coins and Ripple because those are the centralized coins.
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