My First Investments

[kamvreto]

It is not mandatory to put 40% into bitcoin and invest the other 60% into altcoins. It depends on money management or the strategy you use. Don't invest all your money, you need to learn to do research. $1000 is pretty big money to get started. you really have to understand how to do analysis, don't just rely on other people's words and luck. Make your first investment well, so there is no trauma about your first investment.

[cryptoaddictchie]

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.

Regarding the distribution of pie, I guess its your call, you can even allot higher for bitcoin like 60% and the rest for altcoins. But doing that is putting you at risk, since the market now is highly volatile. If ever you want to invest it, make sure you can endure the pain of red portfolio but thats totally fine since you are doing it for long term right? But if you are gonna shift to short term then might study first trading before conducting or putting any money off the table.

[CryptoHeadlineNews]

Diversifying your portfolio only gives you an edge over volatility, it doesn't take the risk away, because most people will be happy seeing massive increase in the price of Bitcoin after investing $1000, and feel sad if the price goes the other way round. So the most important thing here is invest an amount you could afford to lose and also try to do your own research "DYOR" ..

[noorman0]

Considering this is your first investment, I would suggest DCAing and focus on bitcoin only (with less volatility) than diversifiying for now. I have said before, this bearish phase is vulnerable for "unhealthy" projects to fail to bounce. For a while, thinking about risk is more of a priority than profit.

[lovesmayfamilis]

Today, again, there is a lot of flashy news on social networks, urging everyone to buy cryptocurrencies, justifying this by the fact that the market is cheap. Therefore, we see people who have no experience in investing but who are ready to take risks and invest their money. This has happened so many times that people, based on the media they read, can be very wrong.

OP, you are almost on the right track. Investing in bitcoin is a very smart move, but you should be aware not only of the pros, expecting a quick return, but also that all your money can be lost. You will be given a lot of advice, but you, and only you, are the masters of your destiny. If you are ready to lose your $1,000, then hurry up and invest. If you value your money, take your time to study any move you are about to make.

If you see in the answers some disagreement with your decision, then this will only benefit you. Only indifferent, and maybe even dishonest, people will rush you to make a decision to invest your money.

[_act_]

Diversifying your portfolio only gives you an edge over volatility, it doesn't take the risk away

It even makes it more risky. Bitcoin is not as volatile as altcoins, if the market is in bear direction, diversify into altcoins increase the risks.

So the most important thing here is invest an amount you could afford to lose and also try to do your own research "DYOR" ..

Yes if you are talking about altcoins, because many altcoins are nothing but more of gambling. Can you believe that some people prefer to hold bitcoin than fiat? Especially during bull run. If long term and profit is the purpose of your holding, holding bitcoin is the right choice.

[Bitcoinking99]

One thing I can say is that you can invest in Bitcoin if you want.  Now the price of Bitcoin is much lower than the price of Bitcoin. Now is your golden opportunity to invest in Bitcoin.  Many have said that investing in Bitcoin is good for me.  If you want to invest in Bitcoin, you need to understand and know better about investing in Bitcoin.  If you invest in Bitcoin, you will have to spend a lot of time.  On Bitcoin, then you can understand when the price is being pumped and when the price is being dumped, which means you have to keep an eye on it.  It seems to me that you can invest in Bitcoin.

[sakil200]

I think Bitcoin will come in at 12 to 13 thousand. Because of the state of the market it will take a long time to recover.
So from now on, buy a little bit, you can do one thing, divide Bitcoin into three parts, buy one part now, buy another part, 18-16k $, buy another part, 10-12k $. And you don't invest with all the money at once.

[Bhig Daddy]

I think your investment depends on how long you are willing to hold the coin, if you are holding for a long period of time I would advice in bitcoin, but if otherwise you can just invest based on your initial plan. But investing in altcoin can also be risky tho.

[Rockstarguy]

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.

Investing is good but their are somethings you need to understand before you go into Investing. You need to understand it is not right for you to invest all that you have just because you want to make money from cryptocurrency, you need a steady source of income that won't be a distraction to your cryptocurrency investment,  cryptocurrency is not a quick money making scheme. Investing in cryptocurrency requires patience,  you need to be prepared for the volatility you will come in contact with in the market, your ability to be patient is what will keep you going in Investing cryptocurrency.

[sakil200]

I think your investment depends on how long you are willing to hold the coin, if you are holding for a long period of time I would advice in bitcoin, but if otherwise you can just invest based on your initial plan. But investing in altcoin can also be risky tho.

I think it is risky to buy local coins now because BTC has not stabilized yet. But you can buy some amount of bitcoin if you want. In addition, you can buy some BNB. You can buy Etherium if you want. Because when the market goes up will pump these.

[2stout]

It's always best to DYOR but I will share my thoughts.  IMHO- 50% Bitcoin, 30% Ethereum, and 20% for everything else.  This will keep you from losing your shirt as well as allowing you to take some controlled risks while swinging for the fences.

[Questat]

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 was wrong before thinking that if I put huge shares in Altcoins I'll be earning more but sadly most of my altcoins dump while Bitcoin is on the surge. I do realize that putting more on Bitcoin is a smart decision and suggesting that instead of allocating 60% to altcoins, you'd better make it to invest in Bitcoin while 40% is for altcoins. Bitcoin is the most reliable asset in crypto, you can't be wrong with that even putting everything into this project as this will survive and potentially considered as a long-term investment.

[kawetsriyanto]

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 I were you, I will take a higher percentage into Bitcoin. I will at least spend 60% or more on Bitcoin. the least will be Ethereum or BNB. Only these two altcoins that I trust more than other altcoins during this bearish market.
Actually, investing needs diversification. but, we must also understand in what assets we are putting our money. With that amount, I will not take many coins. I will only put into Bitcoin only or Bitcoin with 1 altcoin. It is enough. Additionally, never think to invest in shit coins although they offer too legit to be true project, like offering hidden gem promotion or others.

[Alisha-k]

I would advice you hold on because the market is not friendly at the moment except your own research is giving you a buy signal then you should stick to Bitcoin for the moment while the other assets choses a direction to follow. The percentage you choose for diversifying your portfolio doesn't matter what matters is how concrete the basis of your research are and how long you intend hodling your altcoins

[Mosharafhh]

Ok thats great if you wants to make money quickly then you can invest it on differents types of crypto or if you wants for long term investment then i will suggest majority is Bitcoin, BNB or Eth you can invest and hold right now is in good position!

[348Judah]

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 i can advise it's will be better for you to invest on bitcoin only because that's the only cryptocurrency that can be recognized as an investment currency that can be profitable over time without loosing it value, there are many altcoins out there that are shitcoins but to say the fact, majorly base your investment to be 80% on bitcoin, here part if it can be use into trading while other as investment over a long time, then the remaining 20% maybe risked on other cryptocurrencies whereby if failed or down it will jot place a significant loss on you since your investment on them is very little, but as for me i solely base on bitcoin only just to play safe and minimize risk.

[true_kapa]

The first thing before investing is know what you invest for, don't rely on someone including those called experts.

I advice you to learn about Bitcoin first if you really want to invest in Bitcoin, it's dumb to invest without any knowledge.

yes i agree with you bro and also follow the golden rules.dont put all eggs in one basket. and also invest what you willing to lose. just make sure investing in cryptocurrency dont effect your daily life

[acroman08]

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 I were you, I would invest that $1k into bitcoin. ignore the altcoins, unless you yourself are certain that you want to invest in them. just like what welsh has said, "Diversifying doesn't mitigate the risk at all". anyway, you mentioned that you are still a newbie, it would be best for you to actually learn about investing in cryptocurrency than relying on someone on what you should invest on.

[KingsDen]

Congratulations and welcome to the forum. I would have skipped the post because many have already contributed to it  but I have to add my voice to the discussion and most importantly were I observed is very necessary.

You said you read where it is said that 40% is for bitcoin and 60% for altcoins. The way you presented the statement, it is as if it is a standing rule of investment in this forum. Please I want you to understand that what you said above is nothing but someone's personal view or suggestions. It is not a standard in investment. Again, no matter how accurate any investment advice might appear to you, please do your own research.

Secondly, it has been said many times that investing in bitcoin and spreading your investment to altcoins is not a diversification. When bitcoin the king is down, altcoins go down with it. So, understand this have have peace.