Newbie Crypto Advice

[stevenjohnstone]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

[1714654170]

1714654170

[Zaguru12]

Sorry to put it out but this isn’t the right way to go about investment. You can ask people to just send DM and you trust the suggestion of a total stranger which may turn out to be a scammer. I am sure that anyone that would be sending you PM would mostly be someone that would want to promote there shitcoins.

If seriously you’re actually in for investing and then you would need to go through everything yourself and the only cryptocurrency that fits your criteria for retirement investment is bitcoin. But even that needs some knowledge on Its security and the rest. If you are truly interested in investing in them which I doubt from your post then read through the pin charts on the forum or other articles. If you need help ask it by creating a thread and stop asking for people to PM you to avoid something that I am sure would lead to you been scammed

[KingsDen]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation.

This is an obvious character of a scammer. Scammers are easy to call an amount of money. A serious investor shouldn't be mentioning an amount of money to entice an adviser.

I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

You are not 64. A 64 yrs old person should have the time to study. Atleast to know a bit of what they will invest into. That is how anyone above 50 behaves

You can contact me through the forum or via email I appreciate the help

Someone looking for advice contacts his adviser and not the other way round. Let me give you a benefit of doubt that you want to invest, choose bitcoin, buy and hold in a non custodial wallet. By the q1 of 2024 check your investment.

[tbct_mt2]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation.

Fiat currencies are losing their purchasing powers but it has been lasting since appearances of fiat currencies. If our ancestors can live well and even were rich with fiat currencies, we can be the same. You are right to find alternative assets to invest and run away from fiat currency inflation but your choice on what asset to spend capital for it is important. If you choose wrong, you lose money and surely will have worse finance than if simply hold your fiat.

I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

If you don't want to learn, even basics of what you will invest money in, just don't invest. Keep your capital in fiat will be best choice for you.

You can contact me through the forum or via email I appreciate the help

Who contact you will be scammers. 100% scammers.

[Z-tight]

In all your 4 posts in the forum, you've asked that people email you, why do you want anyone to help you invest your money, do you trust who's going to email you, or should they even trust you because it is suspicious that you keep asking forum members' to send you an email. Some few days ago you said you'll no longer be using the forum:

I asked for help on reddit and someone is helping me in the chat please someone email me at stevenjohnstone@mail.com I will no longer be using the forum

But you're still here, i don't think it is wise or safe for anyone to PM op, if they want to learn about BTC, they should stay active on the forum. Op is wasting everyone's time and may not even be in need of any help.

[Nwada001]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Just as Z-tight said; In your previous thread, in which you asked about learning about Bitcoin and how to use it, you also dropped your email over there for messages to come in from those who were willing to lend you their helping hands.
 
If you are the type to revisit threads, I doubt you are since you might not have the time to do that considering your age, and you might not even see the need to do that. But it's actually risky for you to openly request a DM from people and want them to advise you on how to go about an investment. Half of the mail you might get will definitely be from scammers trying to scam you out of that money.
You can possibly get everything you need in an open thread here; there is no need for DM.

About looking for the best place for you to invest your $20,000, here is a Bitcoin forum, and 50% of the advice might actually be that you invest a high percentage of those funds into Bitcoin, which I will also say.

But since you are already afraid of inflation, We know crypto has a strong resistance to inflation. But it's not immune to price dumps, so while considering investment choices by just calculating inflation risk, also take the volatility of the currency into consideration.

To me, Bitcoin has a better voting point, considering that you already have a huge amount budgeted for the investment and that you are also in for a long-term investment. To me, since you don't have time to actually learn more about the currency, just use the money to buy Bitcoin, which it will be worth, then get yourself an open-source hardware wallet and store from a trusted seller and securely save your bitcoins in there. You can just check the price and worth of your investment from time to time until you finally want to sell it.

[michellee]

You only need to invest in Bitcoin because Bitcoin provides the greatest possibility of making a profit. Meanwhile, if you want to invest in altcoins, you have to search one by one, which doesn't guarantee you can get the right one.

If you invest in Bitcoin, you don't need to look like altcoins. You just need to determine when to enter the market and start investing. And when you have succeeded in getting Bitcoin, you only need to hold it until the next ATH to enjoy the benefits.

But be careful with the frequently changing conditions of the Bitcoin price and don't panic if you see it happening. Try to manage your emotions when the market is correcting because buying more is the best moment.

[Agbe]

First of all please hide your email address in you profile for security reasons. Your account might be compromised through the email address. Then coming to the amount you mentioned to invest. I don't think you are for real. We are not talking about 2,000 US dollars but $20,000. You mean you were able to save $20,000  in civil service work in your country, the story is not clear. By the way even though you are lieing, you are deceiving yourself. You can invest in Bitcoin. Open a non custodian wallet and keep your Bitcoin inside. And make sure that $20,000 you want to invest with Bitcoin is the spare funds in your hand because you are not going to spend or touch them for about 5+ years. So make sure you what you about to do first before embarking on the investment journey.

[Yatsan]

Have you initiated reading about this indistry you are engaging yourself with? 'coz if not, consider doing it for your own sake first. It's either you end up being taken advantage by ither users or end up in huge loss if you won't be able to manage the risk, in particular with market price volatility. No investment would generate instant and assured profit. So if you are planning to use your retirement money, which we could refer as your last salary, engage it to something which would give you higher chances of earning profit such as starting a small food business and such. Investing to crypto is indeed profitable, but things won't be easily be in favor with your expectations.

[CODE200]

I don't think you're going to get any help in this forum, you'll get a scammer or a concerned bitcoiner, and I've seen your post where you posted your email so you're more likely to be pestered by scammers, the best thing that you can do sir is to go to your local or trusted financial advisor and talk to him about cryptocurrency investing because that's the safest bet for you especially for a senior citizen that doesn't have much knowledge about the current technology, you can still learn here but I am sure that regarding investing, it's best if you know, and can see who you're talking to about it.

[fuguebtc]

I don't think you're going to get any help in this forum, you'll get a scammer or a concerned bitcoiner, and I've seen your post where you posted your email so you're more likely to be pestered by scammers, the best thing that you can do sir is to go to your local or trusted financial advisor and talk to him about cryptocurrency investing because that's the safest bet for you especially for a senior citizen that doesn't have much knowledge about the current technology, you can still learn here but I am sure that regarding investing, it's best if you know, and can see who you're talking to about it.

If you read some of the comments above, you'll see it's likely the OP himself is a scammer and not someone who will scam him. And unfortunately for him, most of the people on the forum are seasoned investors, they are not so easily fooled. OP is wasting his time here, bitcointalk is not an easy place to do floating scams like telegram or Twitter.
No one is stupid enough to publicize how much money they have and are even willing to share emails with strangers, you should be more careful with people like OP than thinking they are very naive.

[Vinaa77]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation.

To be honest if you want to invest in a more useful coin, Bitcoin is the right choice first, and if it's in the long term we think this is much better, because so far everyone who invests in crypto they put their main Asset in Bitcoin, and from that perspective Their investors are far more concerned with Bitcoin than some other coins.

[Captain Corporate]

I am %100 percent sure that this is a lie and OP is not a 64 years old with 20 thousand dollars. But even if we assume its a lie, we can still share it just case for others who may want to learn. I think the best at that age should be bitcoin, because at any given moment everything could crash and if you keep on investing into something that will risk the rest of your life, that would be terrible. At 64, you do not have chance to wait a decade or two to see bitcoin go up, that's literally rest of your life, at 20-30 even 40 years old we can do that because it means we will have a better wealth when we reach that age, but when you are already there, its always a risky move, its either bitcoin only or even better yet no crypto at all.

[Wakate]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

you need to have time to learn about cryptocurrency even though you will not have to learn a lot about it. This is important when it comes to risk taking and not making a mistake of sending your crypto coins to the wrong Blockchain. The market is not that bullish now so it's going to be a big advantage for you when you buy now and and hold for as long as you like.

The buy of Bitcoin will soon go up more so I will advise you to go for Bitcoin because it is the number one crypto coin in the market based on market cap, numbers of holders and liquidity. Bitcoin is one of the most reliable reputable coin in the market and you will not have a problem when you buy it. Make sure you also stay away from scammers because they will dm you and tell you they can help you purchase any coin that you want, remember scammers are everywhere so be careful.

[LogitechMouse]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Our age gap is nearly 4 decades, but as a younger one, I will give my own advice to you with respect as well.

Sir, I don't think that this is the correct platform for you to ask which cryptocurrency is the best for you to put your retirement fund with. I can easily suggest Bitcoin, or even Ethereum, but it seems like you don't know anything about the 2 of them thus, I don't want you to put your money into something that you don't even know. If you really want to invest into cryptocurrency then at least spend some time learning it please because you might see your portfolio losing double digits in span of a few days, and you might feel panicked because of that.

Anyway, whether what you're saying is true or not, I wouldn't suggest any coin for you because it seems like you don't know anything about crypto like what you said already. Just focus that money in different asset class.

[Texac]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

There aren't any coins for you to invest in because blindly investing is stupid and not recommended.  if you want to invest, then you need to know what you are going to invest in, so no matter how difficult it is, you should take the time to figure things out on your own. otherwise, you should not invest.

You can contact me through the forum or via email I appreciate the help

People are exposing you, and you seem more like a scammer than looking for help here.

[Rruchi man]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

If this is not a scam, I will tell you a common advice that we give to every newbie to cryptocurrency and this forum which is that you should not make decisions  about Investments on another person's research. In this situation this is your retirement money you are talking about, and you have to be very careful where you choose to invest it. If you believe the words of a stranger all in the name of recommendation without you doing your own research to verify what you've been told, it can be a big mistake.

Even if you are told to invest in bitcoins, still try to find out why you should. invest in bitcoins on your own.

[KiaKia]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Oops, you probably not going to like what I am about to say sir, if you can't create to learn the necessary things about crypto then crypto investment is not for someone like you, if you don't learn a thing and just invest, how are you going to keep your assets safe? There is something called private key or recovery seed, this is something you must learn about and know if you want to retire with the 20k or risk loosing your 20k before your retirement happens.

Bitcoin is fhs best and the safest one to plan for retirement, but you blindly investing in Bitcoin comes with some.risks and that risks can only be neutralized if you know what Bitcoin is and how you can keep your Bitcoin safe, there are some Bitcoin wallets that are dangerous for storing Bitcoin, how will you tell the difference?

[minairia3]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Many people are accusing you, and if you really are not a scammer. I advise you not to invest, not only with cryptocurrencies but with any investment, because you should not invest on the advice of strangers and do not know what you will invest in. If someone is texting you to give you advice, I am 100% sure that person is a scammer. But my question is, are you telling the truth, or are you the one trying to scam people? 

[SOKO-DEKE]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Sincerely, I don't understand why you chose to invest in something you have no knowledge of. Despite the positive aspects of cryptocurrency that you may have heard about from some people, it may not be what you are thinking. Since investing in cryptocurrency involves risk, you should find the time to educate yourself before doing so. When you are educated and knowledgeable, it will be simple for you to conduct your own study and identify the best coins for potential investment. Everyone you see on this forum not perfect, so even if someone decides to urge you to buy in a shitcoin, I've already indicated that person is a promoter and might be doing that for it own interest.

And one more, why did you always want people to contact you privately? despite the warnings you received in your first post in this forum that the  internet is  full of scammers, you still instead in doing so.I don't think your ways are clear with this kind of habit.