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Author Topic: If I have $40,000 to invest in one #cryptocurrency.  (Read 3596 times)
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April 13, 2023, 09:20:50 PM
 #21

Target the millionaire first before the billionaire.
You are in the right direction if the majority of your money is in Bitcoin and Ethereum. There's a big chance the million-dollar target will come true there.
Now what else could make you some money?
I do believe Doge could make it happen but only if you know how to trade. How? Follow Elon Musk. That guy could make the Doge market swing at a price that nobody expects with just a normal tweet including the Doge name. His followers are always hyped whenever he does it so you will try to go the other way whenever he does. Buying when he is silent and selling when he goes loud.

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April 13, 2023, 09:22:10 PM
 #22

Well of course bitcoin but if you are looking for something else I'd say matic.  It didn't have too big of a pump and think the way this project has progressed a big price increase is coming.  They haven't slowed down during the whole bear market.  Probably a good play for this next market

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April 13, 2023, 09:29:13 PM
 #23

That’s a small money for you to become a billionaire but considering the hype of the project and if you are willing to take the risk, you can just hold $SHIB and $DOGE since these two meme tokens are being hyped always so there’s a probability that you can become a Billionaire of the price of this token reaches $1, though of course you have to consider everything since their supply is big so we might not see $1, but who knows? If its your free and extra money then investing it with them might be worth it after 5 years. 

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April 13, 2023, 09:50:42 PM
 #24

First, I do not advise you to spend  40,000$ to invest in one currency only, it is better to diversify, but if you are convinced of the idea of Bitcoin, it is definitely the best option.

Secondly, the list seems appropriate to me, these currencies are reliable and have always been profitable. Of course, Bitcoin and Ethereum are the best option. I can add some altcoins such as APT, ARB, OP. I think they can be good in the future.

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April 13, 2023, 09:55:13 PM
 #25

Investing only in one currency with that huge amount? I have no choice but to take BTC as it was the safest coin in crypto.
But honestly, I could think about putting that amount of money in a single investment as it was advisable to spread them into some altcoins like ETH and BNB.

If someone will choose to invest it solely into an altcoin, he'll be taking a huge risk more than the risk with Bitcoin.
Might some put money in a single coin, some rich people do but must be sure that we don't store it in a single wallet for the safe keep as this is one of the targets of hackers.



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Rainbot
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April 13, 2023, 09:57:38 PM
 #26

Investing only in one currency with that huge amount? I have no choice but to take BTC as it was the safest coin in crypto.
But honestly, I could think about putting that amount of money in a single investment as it was advisable to spread them into some altcoins like ETH and BNB.

If someone will choose to invest it solely into an altcoin, he'll be taking a huge risk more than the risk with Bitcoin.

The dilemma here is that the OP wants to be a billionaire from his investment.
That's like punch in the air, as he wants a huge profit from his $40k initial funds.
On the note of crypto he needs to invest in, should always diversify his portfolio to valuable coins.
But should not expect that he will be millionaire or billionaire from such investments.
This is the reason why many new comers in crypto are getting it wrong, thinking that this market is a gold mine.
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April 13, 2023, 10:24:41 PM
 #27

Well of course bitcoin but if you are looking for something else I'd say matic.  It didn't have too big of a pump and think the way this project has progressed a big price increase is coming.  They haven't slowed down during the whole bear market.  Probably a good play for this next market
Bitcoin is the only safe cryptocurrency coin I can invest my money into irrespective of what people may think about Bitcoin. We know Bitcoin has huge influence in the cryptocurrency market and if Bitcoin does not move, it will affect other crypto projects too that are in the market. There are also good crypto projects too that are also reliable and unique when we buy and hold them but the problem is that we don't know what the future has for us.
 You might buy them now and hold for long and eventually you heard that the project had crashed. The market is very competitive and risky for the greedy ones.

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April 13, 2023, 10:54:40 PM
 #28

First, I do not advise you to spend  40,000$ to invest in one currency only, it is better to diversify, but if you are convinced of the idea of Bitcoin, it is definitely the best option.
I'll put that all in one basket and that's Bitcoin. But the goal OP is ambitious and I've never thought that crypto will make me a billionaire even for Bitcoin.
If someone still believes in the power of meme coins, this could be the gamble of your life. But I'll take a safer route and that's to only buy bitcoin with that amount and if I'll diversify that, maybe just $1k-$5k or even $10k but for the likes of Ethereum. Maybe BNB could also be a good choice but then aside from those choices, matic is what I'm interested in as of this moment.

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April 13, 2023, 10:57:57 PM
 #29

Your list of coins belongs in the top 50 so they are somewhat safe from huge pumps and dumps. Bitcoin and Ethereum are always the leading picks nowadays since they are proven over time. But if you are expecting your $40k to turn into a billion in the next 5 years, I doubt it will. Your capital needs to do the magic of x25,000 in order to turn into a billion. And those coins in your list are already worth billions. Bitcoin and Ethereum are not even expected to x100. If you want to become a billionaire with that same amount of capital, you might want to buy new coins or coins that are only worth a few million so that you gain x100+ when it pumps. Huge risks though and there is a chance of your capital becoming worthless. Maybe allocate $10k to these types of very risky coins for you to become a billionaire.

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April 13, 2023, 11:42:12 PM
 #30

With $40,000 i will invest it wisely. I would invest in the top 20 crypto currencies including BTC, ETH and others. But right now I would rather stake it first in a stable coin and wait for the market to go down before i will invest it. The market is so really unpredictable i don't want to loose another batch of investment. Experience is a great teacher, lesson learned. I believe that the current price right now will be corrected.

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April 14, 2023, 01:16:28 AM
 #31

(....)
- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?
Among the list, I highly suggested you allocate more or a high percentage of your bag to high market cap cryptocurrency, which is Bitcoin and Ethereum.
Then after that, you select some quality altcoins but I suggest you start with a small amount. Because for me, these altcoins are high risk, and high reward, so be careful.
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April 14, 2023, 02:00:02 AM
 #32

.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?

How long have you been planning in case? because there are many things to consider , like Meme coin like DOGE and SHIB in which sometimes being pumped and can be easily a money making (unless you are willing to risk)

but all in all?  i think it is NEAR that is best for your target, it can be a good run specially that this is one of the best for the future.

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April 14, 2023, 03:33:15 AM
 #33

Not interested invest with altcoin have drop under 50% from all time high price like Solana coin, I don't think recommended for investing in Sol coin because their price drop almost 60% from ATH above $200. Current Sol price right now around $20 and I don't think easy get positive feedback from investor for investing in Sol coin again.

If OP have $40K better invest on Bitcoin only because right now seems excited with drop and up price few percent in daily day, more profitable and low risk when investing in Bitcoin than push our fund investing in altcoin have bigger risk waiting for when dropping lower price very difficult back to higher price or to all time high price.

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April 14, 2023, 05:42:41 AM
 #34

For me based on your list. It could be matic. This project has a strong fundamental and has been one of the best contender among the L1 out there. But obviously the top 2 still the best one bitcoin and ethereum since both of these two are very strong but these are already too high in valuation. Maybe better if to divide your budget into 3 to 4 assets and pick a mid tier project that still in low cap if you are after the multiplier on the next bull run season.

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April 14, 2023, 05:59:59 AM
 #35

I wouldn't give you any advice, it's a big pile of money and you're the only one who's responsible for it. But I'd buy 2 ETH and Bitcoin with the rest of it. And that's if I HAD to purchase crypto with it, or had a lot of other money to use.
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April 14, 2023, 06:13:20 AM
 #36

Bitcoin and Ethereum will be the coins that will make you a billionaire easily, because they are top coins that is leading among cryptocurrencies which it will be easy for you to achieve what you want in future when you invest in them in the right time. Now that the bearish market is still on in the market, I will advise you to make Bitcoin and Ethereum your choice to invest the $40,000 and apply long term holding like 5 or 6 years before you can sell to get what you want that will make you believe that those coins are potential coins in profits making.

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April 14, 2023, 06:55:25 AM
 #37

Put your money in Gold and Real state. Because Crypto is highly volatile market. Your 40000$ can be 4$ in seconds. So my advice is don't greedy. Ask financial advices from professionals and remember the Golden Rule - Don't put your all Eggs in One Basket.

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April 14, 2023, 09:42:43 AM
 #38

Put your money in Gold and Real state. Because Crypto is highly volatile market. Your 40000$ can be 4$ in seconds. So my advice is don't greedy. Ask financial advices from professionals and remember the Golden Rule - Don't put your all Eggs in One Basket.
This will happen to your $40,000 if ever you invested the wrong coins like these meme coins (Doge and Shiba). But if you are investing in Bitcoin or ETH, you can never lose if you don't sell the low. Because even investing in Gold and Real estate will also give losses if mismanage, the same thing happens to crypto investment.
That is why you need to know what you are doing before investing to avoid losses and of course, choose the kind of investment that you think you can manage well.

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April 14, 2023, 11:05:17 AM
 #39

I think I would put my bet on LINK, SOL, and ADA. The first one has phenomenal growth during its mid-life journey while reaching the peak price per LINK up to 47 USD. Similar patterns are being followed by SOL coins with high price volatility of course. Instead of just choosing one it would be better if you diversify the coin investment and stabilize your losses if any. Since we are in a highly volatile market it won't be possible to rely just on one of them and expect to be a billionaire. Though billions are imaginative with such a small amount of investment (yes it is small) for the goal that you want to achieve. I wish you good luck but make your choices wisely since its risk base market, there is no one to blame here if you lose.
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April 14, 2023, 01:21:20 PM
 #40

All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.

*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?

- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK

These are some of the best I have seen so far.

*What advice would you give me?


The cryptos that are on the list that you include all have the potential to be able to develop in the future, but of all that I prefer Solana to be able to invest in.

The reason why I prefer Solana over the others is that Solana already has a sizeable community globally, with a stable and even increasing number of transactions. And this is a platform built for Web3 and if we see that in the future Web3 will be more and more adopted and Solana has a great opportunity to be adopted by many people.

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