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Author Topic: If I have $40,000 to invest in one #cryptocurrency.  (Read 3596 times)
GeorgeJohn
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January 21, 2024, 11:52:14 PM
 #341

When you make this post it was last year and the price of coins at this present time have changed on the I believe that if you go back to the list of coins you mentioned you can see that it is positivity in those coins that you listed, so that is why it is advisable and encouraging for someone to make a research before investing in coin and at least to make sure that the invest in top 10 coins that is available in the market also have a reputation so when you invest in such coin you have a piece of mind and what you will be looking after should be a bullrun for the coin to propagate

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January 22, 2024, 02:22:23 AM
 #342

*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?

Except for BTC, I can divide your proposed coin portfolio into 4 categories:
- Layer 1: ETH, ADA, SOL NEAR, DOT
- Layer 2: Matic
- Infrastructure: VET, LINK
- Meme: DOGE, SHIB
The choice that requires little thought, in my opinion, will be 1 coin per category. And in order will be: ETH, Matic (or new Layer 2 coins like OP, ARB), LINK and DOGE. If you don't want to spread your portfolio out too many coins, then ETH and Link will be the safest and most optimal choice.
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January 22, 2024, 05:47:01 AM
 #343

If you just want to choose one from the many you provide. I recommend SOL because in addition to layer 1 coins such as ETH, it also has a heart in big investors. the marketcap is also very favorable for long-term investment.
keep doing your own research, so that in the future you do not blame the results of people's analysis and so that you feel more impressed if the choice you choose is very precise.

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January 22, 2024, 06:04:01 AM
 #344

If you just want to choose one from the many you provide. I recommend SOL because in addition to layer 1 coins such as ETH, it also has a heart in big investors. the marketcap is also very favorable for long-term investment.
keep doing your own research, so that in the future you do not blame the results of people's analysis and so that you feel more impressed if the choice you choose is very precise.
Prioritize your research before investing. We should never invest by listening to others. I think adding BNB and Litecoin to the two altcoins you mentioned wouldn't be amiss. These two coins are performing very well in the market and there are many investors who invest in these coins and hold them for a long time.

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January 22, 2024, 01:48:45 PM
 #345

I’m not sure what to advise on this because it isn’t advisable to put all your eggs in one basket. Be it in cryptocurrency or beyond, it makes more sense that you diversify and your worth or value doesn’t depend on just one item. Instead of just one cryptocurrency, why not maybe 3? Or even more for more stability? Well, whatever you decide make sure you pay attention to short term cryptocurrencies and long term ones so you don’t hold the wrong one for too long or the long one for too short.
well, if he had made such a decision, then he was ready to accept the risk. Many people advise not to invest in just one place because it is very risky, but I think the profits that can be obtained can also be very large. However, with that much money, I can only choose the best coin, namely bitcoin. However, if I choose several coins, I might add ETH and BNB to my portfolio. Personally, I would probably add other assets with that kind of money, and wouldn't keep it all in one basket.
If you choose to invest in Bitcoin, it will be your risk free investment because we all believe that if we invest in Bitcoin, we have very little chance of losing money. There are some coins that I like more than Bnb. Ethereum. Solana. Xrp. But to invest you need to take risk. If you can never take risk then you don't think you can do well. So we should find some good coins.

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January 22, 2024, 05:10:13 PM
 #346

In this case, I would say that if someone wants to invest his 40 thousand dollars in cryptocurrency, then I would say that he should invest it in a strong project, then he should invest is strong project. By choosing the strong projects and  the invest in them, it will be beneficial  that when he divides his investment and invests in these projects, if loss from somewhere, he will get it from the other. Will cover and also read the projects first, understand it, check there next step and then invest.

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January 22, 2024, 11:46:33 PM
 #347

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?


Honestly I know you said besides bitcoin but that's probably your best bet.  All the other choices you are risking a lot.  If one of these coins makes ypu a millionaire by chance then there is a good chance that bitcoin is going to at least be in the $500k range.  Is it worth the risk in missing out on bitcoins run to try to find something that will.outpace it?

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January 23, 2024, 01:51:03 AM
 #348

 Just buy a BTC

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January 23, 2024, 05:09:10 AM
 #349

Bitcoin and Ethereum are two of the most established and widely recognized markets, and they have shown strong growth potential over the years, hopefully showing more growth in the days ahead. $40k is a high price, many may not use it as an investment in a single currency. We are currently in 2024 and will experience a halving event in this year, hopefully bitcoin will reach its peak value around this event. I would definitely choose bitcoin as a single currency to invest, in then ethereum if there is an option. MATIC, SOL, DOT these altcoins are good for investment, they will give good returns in future but in single currency altcoins i think investing large amounts is risky.

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January 23, 2024, 05:56:00 AM
 #350

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 best investment in crypto currency still bitcoin another ETH
if you write list another btc and eth i want invest matic SOL ada. but shiba coin and dogecoin good coin too
but now the price movement of shiba and dogecoin is too slow if it moves even the price movement range is not far. so if you invest in dogecoin and shiba inu only for long-term investment.









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January 23, 2024, 06:13:13 AM
 #351

Just buy a BTC

Yes, I know that's your view. and more users who are very confident in BTC will not doubt your choice. I might do that too. the more BTC in hand, the calmer we will be for the future. but OP asked what altcoins other than ETH or BTC he could buy.
planning to invest in altcoins may not be for the long term. With funds that are large enough, we can divide them into several assets and not focus on just 1 asset. one that might be worth paying attention to is SOL or BNB.









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January 23, 2024, 10:48:52 AM
 #352

Just buy a BTC

It might be your desire that you only ask to buy bitcoins. If I had that much money like the OP, I would just buy bitcoin and hold it for the long term. Because the safest and most profitable way to invest in Bitcoin is to hold it for a long time.There is no need to be impatient if it is a small loss when investing in Bitcoin because the price of Bitcoin recovers quickly.

Today the price of Bitcoin has dropped below 40 thousand dollars so I think those who want to invest in Bitcoin should take advantage of this opportunity.

There are also many investors who not only want to invest in Bitcoin but also invest in various types of alt coins in addition to Bitcoin. For example, BNB Ethereum and other types of alt coins.

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January 24, 2024, 05:48:31 PM
 #353

I’m not sure what to advise on this because it isn’t advisable to put all your eggs in one basket. Be it in cryptocurrency or beyond, it makes more sense that you diversify and your worth or value doesn’t depend on just one item. Instead of just one cryptocurrency, why not maybe 3? Or even more for more stability? Well, whatever you decide make sure you pay attention to short term cryptocurrencies and long term ones so you don’t hold the wrong one for too long or the long one for too short.
What you said there is also an advice. But I think it's subjective. For some ( rich peeps ) those amounts stated might still be within their range and add if they invest those money in a superior coins ( you know, BTC or ETH ). If we want to diversify, it's also better to consider other types of assets and not just cryptos because others are more stable or less riskier than them.

I think almost all of us already know if what cryptos are built for the long term and if what cryptos are suitable for the short term. But if we still can't follow their rules, the problem is already with us. We might be lacking in patience, we are worried, we are greedy, etc... .
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January 24, 2024, 10:41:14 PM
 #354

Just buy a BTC

It might be your desire that you only ask to buy bitcoins. If I had that much money like the OP, I would just buy bitcoin and hold it for the long term. Because the safest and most profitable way to invest in Bitcoin is to hold it for a long time.There is no need to be impatient if it is a small loss when investing in Bitcoin because the price of Bitcoin recovers quickly.

Today the price of Bitcoin has dropped below 40 thousand dollars so I think those who want to invest in Bitcoin should take advantage of this opportunity.

There are also many investors who not only want to invest in Bitcoin but also invest in various types of alt coins in addition to Bitcoin. For example, BNB Ethereum and other types of alt coins.

I agree with investing in Bitcoin too, but in this case, OP is looking at what will make him a billionaire (which I’m beginning to see as a little but unrealistic in the market today). For him to buy Bitcoin with that amount, he won’t be a billionaire. Unless in another century Grin. And even for the cryptocurrencies that would give more money, Bitcoin is quite slow (but safer) compared to most altcoins. It’s all about risk. If he can risk it, he should buy those altcoins. If he can’t, he can go with Bitcoin, it’s said that slow and steady wins the race.



 

 

 

 

 

 


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cryptoWODL
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January 25, 2024, 06:20:30 AM
 #355

the best investment in crypto currency still bitcoin another ETH
if you write list another btc and eth i want invest matic SOL ada. but shiba coin and dogecoin good coin too
but now the price movement of shiba and dogecoin is too slow if it moves even the price movement range is not far. so if you invest in dogecoin and shiba inu only for long-term investment.
The two alt coins you mentioned I think are not very good for long term investment. When Elon Musk tweeted about Doge Coin we saw the price of this coin increase significantly since then the price of this coin has gradually decreased. Currently the price of this coin is very low. So in my opinion those who want to invest in alt coins and want to do it for long term should buy coins like BNB Ethereum and invest for long term. Because we are now only a few months away from the Bitcoin halving we know that these prices will increase when the cryptocurrency market bullruns after the Bitcoin halving.

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BD Technical
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January 25, 2024, 08:38:18 AM
 #356

If you invest 40000 dollars then you will definitely be dependent on bitcoin because bitcoin is currently down if you buy it future price will definitely go up but hope you don't just invest in bitcoin if you have good knowledge and understanding about the market then you are definitely a newbie.  You can buy and hold on those launched and make your own personal savings. Moreover, I think if you invest 40 thousand rupees, you have a high probability of loss and a high probability of profit, but success in life is not possible without a risk.  If you have to invest then you can do this nice business in your normal life this is my personal opinion the rest is your wish.
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January 25, 2024, 09:32:56 AM
 #357

Exempting bitcoin is not the right decision, I hope investors don't make this kind of mistake and after making such mistake without no confidence the investor will definitely regret making this kind of decision. Situations like this there's no need exempting the best, those coins you actually mentioned never experienced the bull market last year and you made this post last year so we should be expecting something different this year, I will go for Doge and Sol for now and with the predictions I see, trying doge is not a bad idea but don't just invest all in one coin but rather spread the investment since we're just predicting.
cryptoWODL
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January 25, 2024, 09:42:29 AM
 #358

those coins you actually mentioned never experienced the bull market last year and you made this post last year so we should be expecting something different this year, I will go for Doge and Sol for now and with the predictions I see, trying doge is not a bad idea but don't just invest all in one coin but rather spread the investment since we're just predicting.
Yes the OP made this post in April 2023. When the OP made this post the bull run in the cryptocurrency market didn't start so the coins he mentions didn't experience the bull market as you think. Many are optimistic that after the Bitcoin halving, bullrun will start in the cryptocurrency market, then these coins will experience a bull market. We can clearly see that there was one form in the cryptocurrency market then and now there is another form in the cryptocurrency market. When the OP posted this the price of Bitcoin was around $30K but today the price has risen from there to $40K.

The OP mentioned several potential alt coins including BNB Ethereum Sol. The prices of these coins have increased steadily over the past few months when the price of Bitcoin has increased.

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Muhammad Fareed
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January 25, 2024, 09:45:51 AM
 #359

While you have btc there to invest in. I don't think it worth taking risk investing in any other coin. Btc is the one which fluctuate repeatedly and goes more then thousands dollars up and down in very short time. With this much of investment btc is the best option to earn faster then any other coin
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January 25, 2024, 07:46:45 PM
 #360

While you have btc there to invest in. I don't think it worth taking risk investing in any other coin. Btc is the one which fluctuate repeatedly and goes more then thousands dollars up and down in very short time. With this much of investment btc is the best option to earn faster then any other coin
Yes, Bitcoin investment is the least risky of all other coins. Undoubtedly, Bitcoin is one of the best ways to invest for me. Btc price goes up and down in a normal process or it’s ongoing. Of course I'm optimistic that $40k invested in BTC and held for the long term will yield high returns in the future. But I think investing in one or two of the top altcoins, not just BTC, can yield promising results. If I had that kind of money, I would start with Bitcoin first and hold it for the long term.

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