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Author Topic: If I have $40,000 to invest in one #cryptocurrency.  (Read 3547 times)
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August 21, 2023, 11:56:06 PM
 #281

"Which one" means what? Investing Only on one single coins among those, Won't make you billionaire. Rather that was stupid way to loose your whole $40,000.... Think about it, only btc or eth or bnb can't trun your money from 40000 to 1 billion,  impossible for each of those to pump  hundred times. Rather invest with all of those with fix ratio. All of those are good coins. just make sure, durning investment,  you are giving  priority to btc eth and bnb with more percentage among those altcoins
Probably even if he invest in altcoins he won't be able to turn 40,000$ into a billion dollars, because that is a really unrealistic goal. Besides the fact the risk to take with altcoins is too high. Personally, I would invest 90% of the funds into BTC and 10% into solid altcoins like ETH. It's a conservative strategy, but reliable on long term to prevent losses and achieve consistent gains. However, each investor has their own strategy and goals, so always make your own research to best fulfill your plans.

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August 22, 2023, 12:00:24 AM
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August 22, 2023, 07:08:46 PM
 #283

You forgot AVAX in your list. One of the outstanding features of Avalanche is its consensus mechanism This mechanism allows network nodes to agree on a consensus on the state of the blockchain without the need for an elaborate mining process. This results in faster transaction times and lower energy consumption compared to some other proof-of-work or proof-of-stake networks. I think these characteristics will become very relevant in the future.
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August 22, 2023, 10:48:43 PM
 #284

ALTCOINS are high risk and also high profits. But for long run I would only recommended Bitcoin. Because he is the king. If I were you then I will consider at least own 1 BTC and then invest rest for altcoins. For me ETH, BNB, ARB, DOT are the only alternatives for bitcoin right now. I may be wrong but ETH, BNB survive lot of bear markets. 
There are altcoins that can give us more than 1000× but the problem is that it is too risky. Those who don't understand the risks that are present in Crypto investment might think that it is mostly based on luck. Those who do there research diligently will think that it is very easy to be in the right project that will not end up been a rug pull. There are plenty of cryptocurrency projects that had scammed there investors because they were not smart enough to find out that they are in the wrong zone. Those who are profitable in crypto have once invested in a project that end up in a rug pull.

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August 23, 2023, 06:13:32 AM
 #285

If I have $40k to invest in crypto, surely I will split it between BTC and eth. I am very confident about these two coins. Not that I don't believe in others, but with these two guys, you can be rest assured that your future is secured.

Sure man $40k is not small money, and instead of investing it in different types of coins, I will rather choose one or two coins to invest the money in because altcoins have high risk, not that there is no profit, but the problem is we don’t know what the outcome of the coin will be, whether it may crash or something like that, and that’s why I will invest 80% of the money in bitcoin because instead of investing in where, I will not get rest of mind. I will rather choose bitcoin, even if I hold it for a long period of time, and then I can split the remaining 20% into another coin. I think that will be better.

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August 23, 2023, 06:51:57 AM
 #286

"Which one" means what? Investing Only on one single coins among those, Won't make you billionaire. Rather that was stupid way to loose your whole $40,000.... Think about it, only btc or eth or bnb can't trun your money from 40000 to 1 billion,  impossible for each of those to pump  hundred times. Rather invest with all of those with fix ratio. All of those are good coins. just make sure, durning investment,  you are giving  priority to btc eth and bnb with more percentage among those altcoins
Probably even if he invest in altcoins he won't be able to turn 40,000$ into a billion dollars, because that is a really unrealistic goal. Besides the fact the risk to take with altcoins is too high. Personally, I would invest 90% of the funds into BTC and 10% into solid altcoins like ETH. It's a conservative strategy, but reliable on long term to prevent losses and achieve consistent gains. However, each investor has their own strategy and goals, so always make your own research to best fulfill your plans.
normally, with that amount, we would choose a low risk investment, i would also choose bitcoin for that. However, if it is an altcoin, then the choices are Ethereum and BNB. It's just that, realistically, I might prefer investing in bitcoin with a higher percentage than altcoins. In addition, with $ 40k, we should need to divide some of the investment into several parts. it's better than investing everything in one basket.


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August 23, 2023, 07:24:36 AM
 #287

Then i will not go far in Altcoins , instead i will use that 40k to purchase bitcoin , imagine that is more than 1.6 bitcoin at todays price.
ad all I only need is to wait for at least a year then my money will surely multiplied .
try to consider that mate instead of looking for riskier altcoins.

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August 23, 2023, 07:26:23 AM
 #288

Well, I'd certainly try memecoins as a short-term investment
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August 23, 2023, 09:46:54 AM
 #289

Well, I'd certainly try memecoins as a short-term investment

With a $40,000? Yeah, that's definitely a good idea if that's all of your saving or most of it. Also, original post is 6 months old now, i think the decision was made long time ago.
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August 23, 2023, 12:47:42 PM
 #290

If I have $40k to invest in crypto, surely I will split it between BTC and eth. I am very confident about these two coins. Not that I don't believe in others, but with these two guys, you can be rest assured that your future is secured.

Sure man $40k is not small money, and instead of investing it in different types of coins, I will rather choose one or two coins to invest the money in because altcoins have high risk, not that there is no profit, but the problem is we don’t know what the outcome of the coin will be, whether it may crash or something like that, and that’s why I will invest 80% of the money in bitcoin because instead of investing in where, I will not get rest of mind. I will rather choose bitcoin, even if I hold it for a long period of time, and then I can split the remaining 20% into another coin. I think that will be better.
Its funny how you, like so many others, cling to Bitcoin like a heavenly entity that offers protection. $40k is no small sum. Please note that all coins, including Bitcoin, carry risk. History doesnt always favor the cautious.

However, its cruel to those who jump in without understanding. Do you get Bitcoin's technology and implications? Or are you playing it safe because everyone else is?

Instead of blindly investing 80% in Bitcoin because it feels safer, why not study your options? Spread your investments, but do so with understanding, not fear. However, you may be fine being a small fish in the big ocean. Good luck.

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November 19, 2023, 03:48:20 AM
 #291

  For me, Ethereum, Solana, Matic, Shib, and Doge are okay; I'm sure they will rise and join Bitcoin's rally, even approaching the halving for sure that many altcoins or cryptocurrencies will rise in price value in the market.

  In fact, there are also other altcoins that have not yet experienced a bull run but have the potential to keep up with the rally of Bitcoin too, for sure. Good luck to all cryptocurrency investors here.

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November 19, 2023, 05:41:34 AM
 #292

Then i will not go far in Altcoins , instead i will use that 40k to purchase bitcoin , imagine that is more than 1.6 bitcoin at todays price.
ad all I only need is to wait for at least a year then my money will surely multiplied .
try to consider that mate instead of looking for riskier altcoins.
Well, for such a large amount of money, I would also choose Bitcoin over altcoins. Bitcoin is the cryptocurrency with the least risk. I say that because almost all altcoins are affected by the price of bitcoin. Apart from that, the level of potential for price increases is also very high.
I will probably choose altcoins when I don't have that much investment capital, or maybe under $10k. However, if you are still interested in altcoins, then buy 1 bitcoin for $40k, and the rest choose popular altcoins like Ethereum. having 1 bitcoin in our portfolio right now is a very good thing, considering that the halving will happen soon.

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November 19, 2023, 06:09:29 AM
 #293

If you have $40,000 and your goal is not just to become a millionaire but a billionaire, in my opinion, you might consider taking a risky move by investing in a meme coin with a very high token supply. This is not advice; it's just my opinion because the risk is substantial. However, if luck is on your side, you could become a billionaire.

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November 19, 2023, 06:30:14 AM
 #294

*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?

This is a tough decision especially for an investor. On my side, I answer that if I had $40,000 and was asked to invest that dollar in a currency, I would refrain from investing. Investing in any one currency must involve substantial risk. If I want to invest in a single currency I can't think of anything other than Bitcoin. Investing in anything other than Bitcoin involves 100% risk. But some of the top altcoins can also be invested, but investing $40,000 would be a fool's errand.

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November 19, 2023, 10:44:12 AM
 #295

Being billionaire is the goal? I think that your option will be mostly going to the memecoins. I think most of the devs there became millionaires but I don't know if some investors have became very wealthy and managed to become a billionaire. With ETH and BTC, they're actually good investments. You won't become billionaire these days with Bitcoin if you're going to use $40k buying it. But if you have asked this a decade ago or more then you are potentially a billionaire by now. Like if you've bought Bitcoin in the past when it's valued at cents but moving on. That's what I can think of being unlikely to happen with these precious cryptos that I suggest holding and buying.



 

 

 

 

 

 


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November 19, 2023, 11:00:31 AM
 #296

Then i will not go far in Altcoins , instead i will use that 40k to purchase bitcoin , imagine that is more than 1.6 bitcoin at todays price.
ad all I only need is to wait for at least a year then my money will surely multiplied .
try to consider that mate instead of looking for riskier altcoins.
If I have this kind of amount of money, I will invest more in Bitcoin because it is more safer for us to put money on Bitcoin than many altcoins we have in the market. Bitcoin had been in the market for so long and we may make profits and still stay safe.
Altcoins are also good for investment when we know the right coin to put our funds. It is good for us to ask questions when we are investing in the Crypto market because this would aid more profits for us.









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November 19, 2023, 11:10:07 AM
 #297

There is only one project that we can compare with Bitcoin in terms of consistent performance and that is ETH. It has large community, big market cap, active dev community that is upgrading the project constantly and it's the only project that was able to hold it's position till now. It is the safest altcoin out there after Bitcoin. If you ask me about another project beside eth then link is my 2nd best. They are doing something amazing which is also used by a bank like JP Morgan.









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November 19, 2023, 09:01:19 PM
 #298

It’s hard to say, but I probably wouldn’t put the whole cutlet into one project, diversify my portfolio and distribute this money among coins exclusively from the top 20 CMC. This would be the best option in my opinion.
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November 19, 2023, 09:24:44 PM
 #299

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?

Had it been that you didn't exclude BTC and ETH I would say both are a perfect match for this investment proposal. But due to what you said apart from them I think solana, Ada, Shiba Inu and Dogecoin if BNB was listed I would also list it as another investment priority. 

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December 01, 2023, 10:18:24 AM
 #300

In my opinion, if you have $40k, you better invest in Bitcoin because with that much money, you can get big profits if you invest in Bitcoin. Moreover, you have already invested in bitcoin and ETH, making it easier for you to get satisfying profits later.
Investing in Bitcoin is definitely not to be missed because for long term investment it will be profitable,
other than that investing in some potential coins i think to be a good option,
The most important thing is to do your research first.
Of course before investing in altcoins it is very important to do thorough research so that we don't get stuck on shitcoins. so, if you have a lot of money, it's better to invest in bitcoin because apart from being profitable, bitcoin is also safe to be used as an investment in the short and long term.

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