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Author Topic: If I have 1BTC So how did I use to invest in different Coins  (Read 1877 times)
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June 19, 2023, 06:50:13 PM
 #41

Bitcoin is the most important thing you should look after than altcoin because you can't factor out how it would disappear in the crypto market. The last dip I had seen people crying out loud on their lost in some hype project that seeked their attention but the dip emptied their investment and they weren't able to recover or they sold out the little percentage that was left with them.
Naturally, anyone who doesn't have that patient to hold long should go into bitcoin investment than buying some altcoin sells within 3 month to 6 months while for bitcoin investment is expected for at least 1 year and above for good profits.

From the title if you had 1btc I would advise you to leave 80 percent in Bitcoin, and play around with remaining 20 percent because I know altcoin are only created to distract us by wasting our precious Bitcoin to buy them. So, just keeping holding your btc the way its.

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June 20, 2023, 03:46:19 PM
 #42

Everyone basically has the same idea, no reason to put that much on Tron, rest people could agree with but Tron seems like a bad deal. Recently we have also seen that BNB could be a problem in the future as well, after all it is a centralized coin based on Binance exchange itself, so anything that could be wrong, could go wrong with that and we should be careful about it.

It is not going to be easy, but we should end up with being more careful about it and should be doing something that will be a bit more decent. I know people are going to be trusting it a bit longer, but I do not think that we should be that much in love with it at the time, not today and not right now at least, we should be considering that as a risk, and be careful about it.

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June 20, 2023, 08:01:58 PM
 #43

Everyone basically has the same idea, no reason to put that much on Tron, rest people could agree with but Tron seems like a bad deal. Recently we have also seen that BNB could be a problem in the future as well, after all it is a centralized coin based on Binance exchange itself, so anything that could be wrong, could go wrong with that and we should be careful about it.

Yeah, also i think there are no reason to make big investment with TRON in the long term because right now i think team's aren’t much active and nothing new in their development. I think SEC specially targeted or suits to several major exchanges as like Binance is one them, yeah now even it will be risky to invest in BNB before fix the SEC claim.

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June 21, 2023, 10:12:49 AM
 #44

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term
Just a piece of advice based on my experience before;
At some time in the future, there may be the time you will regret your decision about converting some of your Bitcoins to some altcoins. Why? Because not all altcoins are good, some are only hype, so be careful.
I experienced this before when I am new in cryptocurrency, Bitcoin is the most cryptocurrency I have before, and during that time, as what newbies do, they are attracted on some altcoins some are because of hype, so I tend to convert my Bitcoins to random altcoins and ended getting rekt while Bitcoin is not.
It obviously requires research and analysis before someone invests in an altcoin, especially if they are going to convert their Bitcoins into another altcoin which is already something very risky since we all know that Bitcoin is the safest of them all when it comes to price plunges. So one should be very careful about the altcoin that they choose to invest in because altcoins are generally not to be held for a very long term.

If a trader thinks that they are not being able to find a good coin to invest in and are uncertain, they should simply let their funds stay in Bitcoin and keep it for the long term, Bitcoin never disappoints if it isn't sold quickly because history says that Bitcoin recovers its price eventually.

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June 21, 2023, 01:08:29 PM
 #45

I'd give suggestions but sometimes they fail so miserably I would rather not. Recent dump liquidated my several positions which I thought were safe just because I bought them at super low price (at least I thought so when I bought those).

Rather than heeding someone else, invest according to your own knowledge, if it doesn't work out you will learn and do better in next one. Good luck.

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June 21, 2023, 10:14:24 PM
 #46

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term


In my opinion, new coin or old coin (altcoin) are very risky to be used as a long-term investments, therefore if you really want to invest in cryptocurrency for the long term, then I suggest you just keep holding Bitcoin that you have, because Bitcoin is the best investment for the long term, so of course you will get a big profit in the future from investing in Bitcoin, therefore you will not be disappointed to invest in Bitcoin for the long term.

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June 21, 2023, 10:56:51 PM
 #47

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term
Just a piece of advice based on my experience before;
At some time in the future, there may be the time you will regret your decision about converting some of your Bitcoins to some altcoins. Why? Because not all altcoins are good, some are only hype, so be careful.
I experienced this before when I am new in cryptocurrency, Bitcoin is the most cryptocurrency I have before, and during that time, as what newbies do, they are attracted on some altcoins some are because of hype, so I tend to convert my Bitcoins to random altcoins and ended getting rekt while Bitcoin is not.
Yes, its better to make those balance into full or 100% bitcoin form rather than on wasting it up on buying some unknown or not top ranking altcoins in the market or simply meme coins or shit coins because

you would really be basically be wasting up money instead you are just putting it there solely on Bitcoin investment. Cant really deny that there is really that other opportunity that we could really have on cryptospace on which we do really have that kind of mindset that what if we do put up some money on some altcoins and earn bigger profits than putting it solo in bitcoin? For sure this would be the main
thoughts you would really be having on your mind and this is why some people would be pushing up themselves on making up such decision.

Its your choice to make because its your money then its your full control but you should really be that sensible in towards your actions because not all the time where opportunity do comes in.

R


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June 22, 2023, 12:40:00 PM
 #48

Investing in different altcoins is a way to diversify your portfolio and reduce risk. Diversification does not guarantee effectiveness in all cases. Choosing the right coin and market to invest in is important. When investing in different types of altcoins, you should carefully learn about the projects, upside potential, possible risks and other factors of each type of altccoin that you are interested in. This will help you make smarter investment decisions. It should be noted that the cryptocurrency market is very volatile and unpredictable, so you need to think carefully before investing any amount and always keep a close eye on the market movements.

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June 22, 2023, 08:32:29 PM
 #49

In my opinion, new coin or old coin (altcoin) are very risky to be used as a long-term investments, therefore if you really want to invest in cryptocurrency for the long term, then I suggest you just keep holding Bitcoin that you have, because Bitcoin is the best investment for the long term, so of course you will get a big profit in the future from investing in Bitcoin,
Some old altcoins can be good but you gotta pick them wisely. But before any of that, it's best to take Bitcoin like everyone is saying. Why choose some of like just a second in the market if you already have the first? We want to have options and explorations but if you can afford to do that, we can't stop you from doing so.

therefore you will not be disappointed to invest in Bitcoin for the long term.
Maybe he is because he's looking to spend that 1 BTC to expand it in probably millions to billions of supplies in the token that he might choose.

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June 22, 2023, 11:46:18 PM
 #50

In my opinion, new coin or old coin (altcoin) are very risky to be used as a long-term investments, therefore if you really want to invest in cryptocurrency for the long term, then I suggest you just keep holding Bitcoin that you have, because Bitcoin is the best investment for the long term, so of course you will get a big profit in the future from investing in Bitcoin,
Some old altcoins can be good but you gotta pick them wisely. But before any of that, it's best to take Bitcoin like everyone is saying. Why choose some of like just a second in the market if you already have the first? We want to have options and explorations but if you can afford to do that, we can't stop you from doing so.

therefore you will not be disappointed to invest in Bitcoin for the long term.
Maybe he is because he's looking to spend that 1 BTC to expand it in probably millions to billions of supplies in the token that he might choose.
bitcoin is indeed best investment out there it's just better than the other but maybe looking from other perspective he might be seeking for that more additional profits
in his investment so that he could get money and returns faster.
even though we all here know that bitcoin is really good for investment, its linear growth from year to year has always shown that it's rather prospective investment
but altcoin usually have shorter time frame of reaching bullrun and then went down again so I guess thats what some people might be seeking honestly.

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June 23, 2023, 06:19:34 PM
 #51

...even though we all here know that bitcoin is really good for investment, its linear growth from year to year has always shown that it's rather prospective investment
but altcoin usually have shorter time frame of reaching bullrun and then went down again so I guess thats what some people might be seeking honestly.

Bitcoin is really less volatile when compared with altcoins. Its only worthy competitor is Ethereum. Therefore, when you notice that the value of your wallet consisting of altcoins decreases by several tens of percent every day, you promise yourself never to buy altcoins again.

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June 23, 2023, 08:53:42 PM
 #52

~snip~
bitcoin is indeed best investment out there it's just better than the other but maybe looking from other perspective he might be seeking for that more additional profits
in his investment so that he could get money and returns faster.
even though we all here know that bitcoin is really good for investment, its linear growth from year to year has always shown that it's rather prospective investment
We're all seeking greater profits but with that thought, we don't know that we're going that far and we're already on the better lands. Greed will make someone find his own depth.

but altcoin usually have shorter time frame of reaching bullrun and then went down again so I guess thats what some people might be seeking honestly.
That's how volatile they are but some of them are going on with bitcoin whenever we see the bull run. Well, I just wish OP a good luck if he's seriously gonna exchange his 1 BTC for alts.

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June 23, 2023, 11:50:28 PM
 #53

Well, as you can see how bitcoin is outperform another top coins in the market. Keep your bitcoin gave you very big money at this moment. You shall be patience to wait your coins to increase caused by it's gonna be happening after halving.

We have not yet passed halving but the price of bitcoin has been surging a lot. We will be mooning after halving. Be ready for that event.

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June 24, 2023, 03:33:48 AM
 #54

Investing in different altcoins is a way to diversify your portfolio and reduce risk. Diversification does not guarantee effectiveness in all cases. Choosing the right coin and market to invest in is important. When investing in different types of altcoins, you should carefully learn about the projects, upside potential, possible risks and other factors of each type of altccoin that you are interested in. This will help you make smarter investment decisions. It should be noted that the cryptocurrency market is very volatile and unpredictable, so you need to think carefully before investing any amount and always keep a close eye on the market movements.
Though investing in different cryptocurrencies bring diversification to one's portfolio, I wouldn't recommend buying a lot of different altcoins especially if they are not very old and trusted. If someone is having to sell their Bitcoins to buy altcoins, they should go for the most trusted ones like ETH, LTC, and a few more that are ranked at the top in CryptoMarketCap along with Bitcoin and ETH.

I would personally never sell my Bitcoins only to buy other altcoins because I trust Bitcoin way more and I know that even if I don't have other cryptocurrencies in my portfolio apart from Bitcoin, I will still gain enough profits if the market goes up.
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June 24, 2023, 07:57:23 AM
 #55

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term

If you're having 1btc, it's a huge enough big enough to diversify or on different coins investments, we can choose to invest half of it on bitcoin, then the remaining half equally distributed on other altcoins which we have researched and know about their project reputation base on the findings received on them after a careful consideration that it's not a deception to scam people who are eligible enough for their  investment

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June 24, 2023, 11:08:26 AM
 #56

I'm not sure my personal opinion can be of any help to you, but for me at the moment accumulating BTC in a portfolio is the right thing to do, look at the volatility of the market over time. Through us we take security rather than risking profits. Maybe in the future when the market is more polarized, we are in a bullish phase or preparing for that cycle, switching our portfolio to altcoins will be more profitable, and of course there are many Multiple options to increase efficiency. I have seen recently developers talking about improving and developing web3 in the future, as well as some areas where it is showing its prominence such as AI, in the crypto environment the variety that we have. We see that sometimes it is also a risk, so please research everything carefully before making a decision.

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June 24, 2023, 12:10:25 PM
 #57

I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term

If you're having 1btc, it's a huge enough big enough to diversify or on different coins investments, we can choose to invest half of it on bitcoin, then the remaining half equally distributed on other altcoins which we have researched and know about their project reputation base on the findings received on them after a careful consideration that it's not a deception to scam people who are eligible enough for their  investment

The right step is indeed to sell one of your Bitcoins and buy lots of altcoins, especially during the bearish season,
altcoin prices are already at a low price, so the risk you take is very minimal, because you are buying at a lower price,
and all you have to do is hold it until the market turn bullish again.

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June 24, 2023, 02:32:11 PM
 #58

If you are a long term investor then no need to taken others coin and still hold btc but just sold your profits, if you need to money. You can believe old coin which they have staking and others rewards programme. But don’t invest quickly in new project because there lot of risky now.
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June 24, 2023, 05:01:52 PM
 #59

In investing, you should not put all your eggs in one basket; that is, you should not put your money in a single basket. This will spread the risk significantly; you need to build an effective portfolio to "survive" after the market shock. This is an important virtual currency investment experience that is often overlooked by many.

For example, if you have a portfolio of four coins (ETH, BTC, BNB, and ADA), Assuming BTC is depreciated because the Fed, the US Federal Reserve Bank, raises interest rates, even though your money will be affected, at least there are still three other coins for you to survive in the market. On the contrary, if you only focus on BTC, your money will be reduced after this volatility, and you will have to wait a long time to be able to pay it back.

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June 24, 2023, 06:22:24 PM
 #60

Bitcoin is the main stuff here and if it goes up everything else usually goes up if it goes down everything goes usually down. I would maybe keep 0.50 in bitcoin and other half just spread into other coin mostly in eth and litecoin. Also you can do some research and invest small amounts into coins that might explode but still hard to guess witch ones will jump. A lot of hype is still around xrp and the lawsuit and if it goes in favor of xrp it might skyrocket.

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