My First Investments

[Wakate]

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

You need to know that the bal is in your court so whatsoever way you want to diversify your cryptocurrency portfolio is left to you. When you want to invest, it is always good for you to make some goof research about where you are putting your money before you make any endeavour to invest whether for a long term holding or a short time holding.

Crypto is very versatile so you need to be ready to be patient enough to hold so that you will not going to make unnecessary loses that could make you think cryptocurrency investment is a scam. Since you want to invest in altcoins too, try and do diligent research for a profitable holdings.

[Salahmu]

Welcome to the Forum .

I will only share my own experience and what I did from the start. I also have some money when I first started involving myself into crypto (around 3rd quarter of 2017) but as a newbie at that time, I chose to do some research, learned the basics of crypto especially Bitcoin, watched videos etc. etc. and while I'm learning, I already know which coins should I invest at that time but to be safe since it's my first time, I only invested into Bitcoin then expanded, saved some money and tried to invest into other coins.

$1000 is a huge amount (at least for me) but instead of investing into cryptocurrency first, at least gain some knowledge and make some research and learn at least the basics as well. It will help you decide which coins will you buy. Well, if you're really that eager to invest into cryptocurrency, then I suggest 40% into Bitcoin and 60% into Ethereum. This is a safer approach since these 2 coins are at the top 2 spot for a very long time already. If you want a riskier approach, then maybe try to buy those at the top 10 coins, but I suggest research first. This is my opinion only and I know other users here have different opinions.

Good Luck.

LogitechMouse thanks for sharing your experience you have said it all, it just like my first investment I went to a friend to guide me on crypto to invest, he advised me as a newbie not to rush into investment without thorough research about the coin to invest, and I did exactly what he said and it favours me.

Had it been that I did a lot of research and watching YouTube videos about the coins to invest I would have lost a lot of money because I later realized that the coin I had wanted to buy was a bad idea so I was very happy I didn't bought it.

[Z390]

Facts about altcoins that I know.

1. Most of the old altcoins that did very well in past bull market will never reach their all time high again.

2. Majority of those altcoins are created for short-term gain in mind, the devs never wanted to push them further, they just want to make some noise to attract people and exit liquidity on them.

3. If altcoin investment is a must for you, it's better to invest in new altcoins, at least they've never been pumped and dumped, make sure they have the hype though, use cases, and co.

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

[_BlackStar]

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

I believe asset diversification is good regardless of your greater interest in bitcoin.

Moreover you are free to build your own portfolio without being influenced by others even if some users disagree with you. Don't you think that your losses and gains are not their responsibility? So do your part right - get profit - consider it at your own risk. Some altcoin perform well in terms of returns, sure - but you have to have the mindset that they are not investment assets worth holding for long term. So take your profits when you got it- do it at your own risk, no matter what anyone says.

[Rockstarguy]

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

I believe asset diversification is good regardless of your greater interest in bitcoin.

Moreover you are free to build your own portfolio without being influenced by others even if some users disagree with you. Don't you think that your losses and gains are not their responsibility? So do your part right - get profit - consider it at your own risk. Some altcoin perform well in terms of returns, sure - but you have to have the mindset that they are not investment assets worth holding for long term. So take your profits when you got it- do it at your own risk, no matter what anyone says.

Some people make money in investing altcoins, I see altcoins investment as luck and it should never be an investment one needs to rely on so much because any thing can happen along the line. It is too risky to make investment in several altcoins,  it is not certain if one should invest in 10 different altcoins like what @z390 said all the investment will come out all well. It is so important to be conscious how we invest in altcoins,  before now we saw how lots of people lose their money investing in altcoins.  It has tendency to crash at any given time.

[HajiBagi]

The best advise for you is to make your mind up on yourself to research and know the side to take in your investment but surely bitcoin like have been suggested to is the most guarantee of them. I suggest 50% of your investment capacity should go for bitcoin. Btc and Ethereum are the best you can invest in , most altcoins are like gambling away your money. Bitcoin will rise again and go above the current ATH, this has been proven with history but many other altcoins may not do that again after this bear. An investor can only make profit in hodling if the coin has the volatility to go above initial ATH.
Be wise with your $1,000 or you could start with lesser amount to get some experience except if you already have more cash in reserve.

Yes, I approve with your decision. Investing in bitcoin is a smart idea because you may keep your coin and wait for its price to soar regardless of how the market declines. Due to the uncertainty of the results, investing in other cryptocurrencies is comparable to gambling. If you're a newbie, it's important to complete your study before making any investments because you run the danger of losing money if you don't have the correct attitude and can't keep a bitcoin for an extended period of time.
It's not a bad idea to invest $1,000, and you may even invest more, but only if you can be confident that you won't regret it afterwards. Trust me, you will like investing in bitcoin.

[erixter]

Yes, I approve with your decision. Investing in bitcoin is a smart idea because you may keep your coin and wait for its price to soar regardless of how the market declines. Due to the uncertainty of the results, investing in other cryptocurrencies is comparable to gambling. If you're a newbie, it's important to complete your study before making any investments because you run the danger of losing money if you don't have the correct attitude and can't keep a bitcoin for an extended period of time.
It's not a bad idea to invest $1,000, and you may even invest more, but only if you can be confident that you won't regret it afterwards. Trust me, you will like investing in bitcoin.

When it comes to investing, it's important to remember that everyone's financial situation and goals are different. For newbies, if they are really interested to invest, at first consider the profit loss about the cryptocurrencies. Secondly, make detailed overview i.e financial techniques, risk taking and market analysis ability, than take a decision to start with small amount in BITCOIN or any other crrypto. Also conduct thorough research on different investment options that align with your goals and risk tolerance.. Continue learning about investing strategies, asset classes, and economic indicators to make informed decisions. It's important to adapt and refine your investment strategy as you gain more knowledge and experience.

[Hairr]

You should first decide exactly what you are going to invest in.

If you invest properly you can profit as you are not yet experienced in this investment so I think you should definitely gain experience and invest.

[Saira10]

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

I am also newbie in this forum Congratulations on taking the first step towards investing It is great that you're looking to diversify your portfolio but Bitcoin can be an exciting investment. my recommendations is Don't forget to research and learn about each investment before making decisions. As i know investing is a long-term game so stay focused on your goals and remain patient. With diligence and time your $1000 investment can grow into something truly remarkable. Best of luck on your investment

[woez]

A smile of victory, of course, if what you ask is then carried out according to the directions required by either expert traders or your close friends who are proficient and understand about market performance and the ins and outs of trading in digital currency. Yes, go on and do it with a cool head and full control. For example, now is the time to shop.. .

[pawanjain]

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

Diversifying is good when you know what you are doing and you are unsure of the market conditions.
If you think the market is too volatile then you can consider diversifying.
But if we are in a bull market and you know bitcoin is the only one showing better gains then investing in altcoins would be a bad idea.
Even if you decide to deiversify then a lot would depend on which coins you choose to diversify in.
I would always keep 20% of the capital to buy more later and invest the rest 80%.
So if I were at your place then I would go for 50% bitcoin, 30% altcoin (mostly 20% ETH and 10% BNB) and the rest 20% in fiat.

[_BlackStar]

-snip-

Some people make money in investing altcoins, I see altcoins investment as luck and it should never be an investment one needs to rely on so much because any thing can happen along the line. It is too risky to make investment in several altcoins,  it is not certain if one should invest in 10 different altcoins like what @z390 said all the investment will come out all well. It is so important to be conscious how we invest in altcoins,  before now we saw how lots of people lose their money investing in altcoins.  It has tendency to crash at any given time.

Some altcoin have real use cases and are built on alternative to bitcoin. I know a lot of people are skeptical about altcoin especially when it comes to investing - but however you shouldn't assume that all altcoin are the same.

I'm not completely ignoring the potential of altcoins even though I don't have a large percentage of them in my current portfolio. Obviously you can ignore all altcoin because of your doubts, but you shouldn't force other people to have the same mindset as you.

[nurilham]

I am a newbie and would like to invest $1000 to start.

Do you already understand enough crypto investment? I think since you are a newbie, you should focus on learning first. The focus shouldn't for gaining as much as profits. $1000 is too big money to use for your start, just use smaller amount of money. $100 is enough for your early investment, the focus is on the learning. But if you think that you already have enough knowledge and experience, $1000 is no problem to use as your capital.

I have read that I should put 40 percent into bitcoin and diversify the other 60 percent.

It depends on you, it is not a must. You can use 100% on Bitcoin, or you can diversify to top altcoins. The point is you choose the most recommended coins to invest only. Top altcoins such as BTC, ETH, BNB, ADA, SOL, MATIC, TRX, and DOT are the most recommended coins for investment.

[Awaklara]

I am a newbie and would like to invest $1000 to start.

Do you already understand enough crypto investment? I think since you are a newbie, you should focus on learning first. The focus shouldn't for gaining as much as profits. $1000 is too big money to use for your start, just use smaller amount of money. $100 is enough for your early investment, the focus is on the learning. But if you think that you already have enough knowledge and experience, $1000 is no problem to use as your capital.

that's good advice, but I had a newbie ask me about Bitcoin investing. he came with a sizable capital. I give advice that is more or less the same as what you said to invest at the beginning with a small nominal first. but he has other thoughts with bigger capital will also get bigger profits.
he did not consider the greater risk either. he indeed started with a small amount, but he wants to always increase the amount so he makes purchases gradually every time he sees the value of his investment assets decrease.

[ItsCrafty]

Do you already understand enough crypto investment? I think since you are a newbie, you should focus on learning first. The focus shouldn't for gaining as much as profits. $1000 is too big money to use for your start, just use smaller amount of money. $100 is enough for your early investment, the focus is on the learning. But if you think that you already have enough knowledge and experience, $1000 is no problem to use as your capital.

Yes, your advice is much suitable for the person who is recently involved in the line of cryptos. I you have sound knowledge about crypto trading, then there is no matter what coin you choose and how much invest in. But If have amount and think to invest in the trading, well, you should learn and gain experience first than take your decision. Because without a detailed knowledge about the fundamental & technical analysis, risk assessment etc, neither you examine the behavior of crypto market and nor the chance to earn money from it. So, do your homework completed all the way, Start your trading with low value tokens rather than towards big. Further, you must kept in mind about the loss first than profit.

[capedbaldy]

that's good advice, but I had a newbie ask me about Bitcoin investing. he came with a sizable capital. I give advice that is more or less the same as what you said to invest at the beginning with a small nominal first. but he has other thoughts with bigger capital will also get bigger profits.
he did not consider the greater risk either. he indeed started with a small amount, but he wants to always increase the amount so he makes purchases gradually every time he sees the value of his investment assets decrease.

Many beginners are very careless in financial management to invest, they don't have the patience to buy coins at bear market prices and they are not ready for the risks of investing in crypto so they always buy again when their investment decreases.

So it is very important that every beginner has crypto investment knowledge because it is in vain for them to have a lot of investment funds because they will definitely lose if there is no effect in managing investment funds.

[Popkon6]

The motive you want to invest is very good but 40% bitcoin investment will lead you to prosperity. But the remaining 60% decided to invest in altcoins. But if you look past the altcoins life is short because almost all altcoins absorb people's wealth. So I would say you can invest in Bitcoin so the risk will be very less.
You are one of many people who have suffered losses due to wrong moves. Altcoins have a risk of 90%+ so chances of lok sun are high I am an investor myself.

So I certainly invite you to stay where I am. I am a bitcoin investor myself so definitely invest in bitcoin to get success. And if you leave the entire wealth in Bitcoin for a long year then you will surely get the benefit.

[petulino]

So I certainly invite you to stay where I am. I am a bitcoin investor myself so definitely invest in bitcoin to get success. And if you leave the entire wealth in Bitcoin for a long year then you will surely get the benefit.

Totally agree with you that Bitcoin is the only crypto currency in the current situation where you can do all your investments without any fear. The current conflict between SEC and Binance exchanges is getting prolonged due to which the prices of almost all altcoins have fallen significantly. There is uncertainty everywhere for all people who have invested in altcoins instead of Bitcoin.

SEC has declared more than sixty coins as securities including some of the most famous and top coins in the market. With the SEC objecting to these coins, you can imagine how far the prices of these coins could fall. Many people have invested in all these coins. Now all the investors are worried.

At the moment, those who have capital invested in Bitcoin are satisfied. So you should invest in Bitcoin as it is the only crypto currency that can protect your capital.

[puloweh555]

I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.

If you are still a beginner, it's better for you to choose investments in safe positions, especially with a fund of $ 1000. I think this is a large fund for a beginner. I just want to give a little illustration that bitcoin is the crypto solar system, so here you can conclude that bitcoin will provide benefits in the future. So I think you should invest more in Bitcoin than altcoins. Granted, diversification in investments can help reduce overall risk, but having specific confidence in your investment assets can certainly be the right strategy too.

Make Bitcoin Investment a long term investment because it has proven to be the most powerful crypto asset at the moment. The rest you can invest in ETH too because ETH is the second Coin after Bitcoin, Ethereum has become the basis for many innovative projects and smart contracts of course have a great future. Apart from that you can also invest in BNB, because in my opinion this is an interesting altcoin, especially because it is used in the Binance Exchange ecosystem. So far BNB has performed well. In conclusion you have to share your $ 1000 funds into the three coins, my advice is 70% for Bitcoin 30% for BNB and ETH. Hope it is useful.

[YUriy1991]

I am quite confused why people are saying that diversification won't help, I am a altcoin investor and I have invest in over 10 different altcoins since the beginning of the bear market in 2022, I have made more money from altcoins because almost a the altcoins did well, few did 5x and one did 10x, this is in a bear market, if you know how to pick them right you will have good results.

It is true that, some investors have achieved great profits from investing in altcoins as you have said and there is experience for yourself with the condition that if we know how to choose them correctly, you will get good results. The most common reason for basic Altcoins is that they have a lower market capitalization and trading volume, tend to be more volatile and carry higher risks compared to established cryptocurrencies like Bitcoin and Ethereum. While some altcoins may experience significant gains, many others may also suffer heavy losses or fail to gain traction in the long term.

Seen from saturation and market competition. The altcoin market is extremely saturated, with thousands of projects competing for attention and investment. While a new altcoin may offer profit potential, it is very important to assess the project's uniqueness, market fit, and long-term sustainment. Most altcoins may struggle to gain widespread adoption or face challenges in differentiating themselves from competitors and additional Facts for altcoins that I can share here.