Newbie Crypto Advice

[Ale88]

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

To be honest it's hard to take you seriously because all what you are saying doesn't make any sense:
- Why would you tell on a public forum you have $20k (theoretically) to invest?
- Why would you tell you know nothing and you don't care about learning?
- Why would you ask for help using emails when it's full of scammers?

I don't know what your final goal is but I see a lot of BS here.

[1714283641]

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[1714283641]

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[1714283641]

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[1714283641]

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[Smack That Ace]

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

To be honest it's hard to take you seriously because all what you are saying doesn't make any sense:
- Why would you tell on a public forum you have $20k (theoretically) to invest?
- Why would you tell you know nothing and you don't care about learning?
- Why would you ask for help using emails when it's full of scammers?

I don't know what your final goal is but I see a lot of BS here.

Indeed, as many have suspected, I do not believe what he is saying is true, so it makes no sense to advise in these cases. How is a person willing to spend 20 thousand dollars to invest without caring about knowledge and at the same time seek help from people who do not know and will most likely encounter scammers? These basic things even a 5-year-old can understand, few people believe that a 64-year-old with enough life experience can trust someone so easily.

[ancafe]

Indeed, as many have suspected, I do not believe what he is saying is true, so it makes no sense to advise in these cases. How is a person willing to spend 20 thousand dollars to invest without caring about knowledge and at the same time seek help from people who do not know and will most likely encounter scammers?

People who behave like this are vulnerable to fraud by others regarding investment trust that is fully entrusted to others, even though they themselves have control over the investment process being carried out. If I don't obscure the purpose of the OP and in my view he is talking about trading robots, so he doesn't need to think about how to invest using manual strategies because using trading robots has been arranged by the creator, while we will only see the process without having to think about things -other thing.

But the problem is when this is done they end up getting caught in a ponzi scheme. In my country, almost five cases occurred in the last year because many people were deceived by promises of big returns without having to think about trading patterns. The mistake of people who don't want to learn to understand the investment and trading process because of the desire to get quick profits without going through any process.

These basic things even a 5-year-old can understand, few people believe that a 64-year-old with enough life experience can trust someone so easily.

Not everyone can think the same about investing and most people are trapped with irrelevant promises because of the tendency for people to think they can make big profits from investments. In fact, investing is not as easy as one might imagine, apart from fluctuating prices and psychological self-control is also very influential in it.

[MiF]

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

It is not too late  i think you still have time to study crypto for atleast 1 to 2 years to familiarize it, don't rush things it is safe yo study first before making a decision don't trust everyone in crypto you need to be more careful because only you can suffer if you loss in it. Crypto is a good way to earn profit but not all investors are lucky in it some of them also loss,so my advice is do research first for good.

[Maslate]

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

I don’t think you’re ready to take the risk and invest your hard-earned money. Crypto investment is not as easy as you think that you can be profitable in it without the investor’s personal knowledge and experience in crypto market. You should learn the dos and dont’s first and gain adequate knowledge before you decide to invest so you can avoid regretting in the end seeing all your hard-earned money had gone into waste. Furthermore, once you’re ready enough, I suggest to stick with bitcoin and accumulate as much as you can while the price is still cheap. But always remember, as a newbie in crypto, invest with a small budget first since you are still in the process of learning and absorbing everything you need. Let your experience manage the rest.

[rojan]

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

It is not too late  i think you still have time to study crypto for atleast 1 to 2 years to familiarize it, don't rush things it is safe yo study first before making a decision don't trust everyone in crypto you need to be more careful because only you can suffer if you loss in it. Crypto is a good way to earn profit but not all investors are lucky in it some of them also loss,so my advice is do research first for good.

To make profit from crypto we always need to look in the right direction. If we don't look in the right direction then it will be very difficult for us to make profit in crypto. But I think to trade or invest we need to know and understand this direction well.  Yes. But I don't know if one can ever make a profit if he trades with a wrong decision. But I think wrong decision will bring great danger for us.

[worle1bm]

When we are specifying about our investments and ask others for their advice be careful we are also summoning hackers and scammers your dm or email with those fake investment plans giving you best deals which you may find attractive but in the end you will loose money that you plan to save for your retirement.You should invest based on your wisdom not asking directly where to invest as this is risky market so you need to be extra careful.

[Ricardo11]

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

It would be completely wrong for you to do so. Because you are looking to invest based on the advice of a stranger. Now what do you do if that person is a scammer and you lost your money by investing in the wrong place as he said? It's time for you to retire, and have you ever thought how difficult your situation would be if your hard-earned money is lost due to misplaced investments before retirement? But one suggestion I can give you is to invest in Bitcoin, which is the best choice of every investor. You can invest in Bitcoin. It can benefit you a lot. Because the price of Bitcoin will start to increase in a few days. And it will become the new ATH. But don't invest in Bitcoin just based on my words. Because all investments have risky. Do yourself some research about investing in Bitcoin and then invest. This will reduce the risk of your investment.

[SamReomo]

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

I would recommend you to invest half of your money into Bitcoin but before investing into it you should learn more about Bitcoin investment and how one can securely buy and hold his/her coins without any problems. I have seen many people who invested in Bitcoin without any proper knowledge about Bitcoin wallets or I must say cold wallets, and in the process those people had to face huge losses because of their own inpatient nature.

If you truly want to have a better investment for your future then you should go with Bitcoin only, and never ever invest in a alternative coin if you want to be on the safe side. As a simple rule, you must first get yourself educated about Bitcoin investment so that you may never face any hard times like those people who invested in it without properly getting educated about it.

I recommend you to learn about Bitcoin wallets, and also about private keys, seed phrases, and finally about the steps to secure your wallet from any known vulnerabilities of operating system software or human error. In order to do that you must have to begin with a very low amount of investment just for learning the wallets and all those other things.

I recommend you to begin with just $10 investment for the sake of learning and mastering those software based wallets, and other functions of a Bitcoin wallet like privacy of your private key and seed phrase so that no malicious person can ever be able to transfer the funds from your wallet to their own wallets.

Knowledge about Bitcoin investment is a necessary thing and that's why you must learn about it properly and once you are sure that you have enough knowledge about Bitcoin and the wallets then and only then you should invest your money in Bitcoin and secure your asset in a cold wallet. A cold wallet is simply a software wallet that isn't connected to internet. You should learn those things first, and I hope that your investment will give you better rewards in future. Best of luck.

[GigaBit]

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

Since you are Newbie you don't have much knowledge about crypto. And the way you seek help can put you in danger at any time. Because your amount of money is definitely high, many scammers can advise you to invest in different ways. I think you should first gather basic knowledge about cryptocurrency and then you can prepare for investment. But even if you are more motivated to invest then you can decide to invest in Bitcoin. I would never recommend to take risk investing in any other coin.

[irhact]

When we are specifying about our investments and ask others for their advice be careful we are also summoning hackers and scammers your dm or email with those fake investment plans giving you best deals which you may find attractive but in the end you will loose money that you plan to save for your retirement.You should invest based on your wisdom not asking directly where to invest as this is risky market so you need to be extra careful.

We have to be careful how we exposed ourselves on the internet, we have different kind of individuals who're scammers looking for their next victims and if we don't protect ourselves we'll become the victims. We have to stop bragging online and when we want to ask questions, we don't have to be direct with how much we want to invest. This same question could have been asked in a different manner without having to expose how much we want to invest.

At this point the act has already be done, you have to protect yourself because scammers will be coming for your money in your DM and if you posted other ways to contact you on the forum like your email, social media, ignore investment advice coming in from there.

[Blitzboy]

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

I would recommend you to invest half of your money into Bitcoin but before investing into it you should learn more about Bitcoin investment and how one can securely buy and hold his/her coins without any problems. I have seen many people who invested in Bitcoin without any proper knowledge about Bitcoin wallets or I must say cold wallets, and in the process those people had to face huge losses because of their own inpatient nature.

If you truly want to have a better investment for your future then you should go with Bitcoin only, and never ever invest in a alternative coin if you want to be on the safe side. As a simple rule, you must first get yourself educated about Bitcoin investment so that you may never face any hard times like those people who invested in it without properly getting educated about it.

I recommend you to learn about Bitcoin wallets, and also about private keys, seed phrases, and finally about the steps to secure your wallet from any known vulnerabilities of operating system software or human error. In order to do that you must have to begin with a very low amount of investment just for learning the wallets and all those other things.

I recommend you to begin with just $10 investment for the sake of learning and mastering those software based wallets, and other functions of a Bitcoin wallet like privacy of your private key and seed phrase so that no malicious person can ever be able to transfer the funds from your wallet to their own wallets.

Knowledge about Bitcoin investment is a necessary thing and that's why you must learn about it properly and once you are sure that you have enough knowledge about Bitcoin and the wallets then and only then you should invest your money in Bitcoin and secure your asset in a cold wallet. A cold wallet is simply a software wallet that isn't connected to internet. You should learn those things first, and I hope that your investment will give you better rewards in future. Best of luck.

In all things, safety must come first. The loss might be devastating if your private keys or seed phrases were leaked. This is the equivalent of putting your house keys under the doormat and expecting nothing to happen.

Here's where I might disagree with you though: while Bitcoin is undeniably a robust alternative, I feel we should be careful about adopting a one-coin strategy. Although it could pay off, putting all your eggs in one basket is risky business. Because of the sheer size and fluidity of the crypto space, firm conclusions cannot be made. Any discussion of relying exclusively on Bitcoin causes mental dissonance in me. Although Bitcoin has a track record of providing favourable returns, the cryptocurrency industry is dynamic and several altcoins hold substantial promise. The ability to think critically while remaining open to new ideas is essential. The crypto path includes this tango with ambiguity.

[coinremitter]

It's great that you're considering cryptocurrency as a potential investment for your retirement. Given your age and the desire for simplicity, I'd recommend a conservative approach.

Firstly, it's important to understand that cryptocurrencies are highly volatile, so it's essential to prioritize stability over high returns. Bitcoin (BTC) and Ethereum (ETH) are considered relatively safer choices among cryptocurrencies.

For convenience and simplicity, you might consider a reputable crypto payment gateway like Coinremitter. https://coinremitter.com/?utm_source=rep&utm_medium=bitcointalks allows you to securely store and transact with your chosen cryptocurrencies. While I can't provide specific investment advice, you can use Coinremitter to manage your crypto assets easily, which can be a convenient way to navigate the crypto space without diving into its complexities.

However, it's crucial to diversify your investments. You might consider a mix of traditional assets like bonds and stocks alongside a small allocation to cryptocurrencies. A financial advisor can help tailor this to your specific needs and risk tolerance.

Lastly, be wary of potential scams and only use trusted services. Research thoroughly, and if you decide to contact Coinremitter, ensure that it's through official channels to avoid any fraudulent schemes.

Good luck with your investment journey, and I hope this advice helps you make informed decisions for your retirement.

[Bitcoinpoly]

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

Congratulations on your retirement, anyways I would advice you to be very careful with what you’re doing regarding crypto currency in particular. It’s good that you invest in crypto but you have to do a well grounded research before opting in for any crypto to invest in. Make sure you choose a good CEX for any investment you want to make.

[kingvirtus09]

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

At that age, I don't think it's necessary to PM you privately. The advice you can read here in this section that you think is for the betterment of the money you get, the most correct and best for me, so you don't have to worry about trading, is to hold it for a few years or long-term, and all you buy is Bitcoin.

So that you don't have a headache, that's all you buy. No matter what others say, you should not try another cryptocurrency just in case you just focus on long-term Bitcoin investment.

[Bitcoinpoly]

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

My first advice is for you to do enough research on the crypto space in general. After that make sure you choose a good exchange that will be beneficial to you as a newbie for example Bitget exchange introduces copy trading just to help newbies make profit. Make sure you know when to buy and when to sell, then you learn more as you move forward.

[stevenjohnstone]

I agree

[stevenjohnstone]

Glad I invested when I did thank you guys for the help.

[Zanab247]

But if you want to learn cryptocurrency at your age, you can still achieve the knowledge and it will make it easy for you to know quality wallet to download to store the coins of your choice because, there are some wallet you will use to store your BTC that will attract scammers to have way to your BTC and it will make you to feel bad about BTC investment and you will never allow people around you to invest in BTC again.

 That amount you want to use to invest in BTC is a big amount and, I will advise you to wait for bear season to come before you can invest the money because the bull season is on ground, which is the best season to accumulate profits.

[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

We don't give financial advise here but all you have to do is to give you opinions on how you could make money from the crypto market but that should not be seen as financial advise. You would have to give yourself that financial advice after you have read several opinions here that suit your interest in how you could make money from the crypto market.

There are people who had taken a bold step before now seeing the price of Bitcoin at $61k now, deciding to buy Bitcoin when the price was still below $40k plus. We can see that the price of Bitcoin has gone with a huge momentum and that should not make you to invest in Bitcoin. You need to take that decision on your own and remember that the crypto market is very volatile and you could lose money if you invested in the wrong place.