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Question: If you had $500, which coins would you choose to buy  (Voting closed: December 05, 2023, 04:36:31 AM)
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Author Topic: If you had $500, which coins would you choose to buy  (Read 1357 times)
TimeTeller
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December 09, 2023, 07:03:37 PM
 #41

If let's say I had $500 in additional spare funds to spare, I would continue to invest in buying ETH. The price of ETH is still quite cheap to buy because it is still approximately 50% lower than its ATH, for until the bullrun starts after halving will be at least x5. It may still be modest, but I believe it is easy to set this goal with ETH.

Though I can agree with you about investing on ETH, but the buyer should make sure that he will keep up with what's happening to ETH network.
The amount which is 500 is not so big, this is the reason why some are suggesting to take a look at alts and not btc.
However, if you have no time to regularly monitor the market, it is better to hold it in btc instead.
But at the end of the day, you will be the one who will finally decide on which coins or projects you want to allocate this spare funds.
As long as you are familiar with the project and at least have solid ground of its existence, you may have the chance to earn something.
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December 10, 2023, 01:07:51 AM
 #42

If let's say I had $500 in additional spare funds to spare, I would continue to invest in buying ETH. The price of ETH is still quite cheap to buy because it is still approximately 50% lower than its ATH, for until the bullrun starts after halving will be at least x5. It may still be modest, but I believe it is easy to set this goal with ETH.
5 times increase is a stretch tbh because today value is $2.3k and the all time high ever recorded is around less than $5k so 5 times would mean its gonna be beyond $10k for ethereum and I don't personally think thats realistic in my honest opinion.
I mean i know that in bullrun anything could happen but even right now we don't really know whether the bullrun gonna bring us to all time high added with the fact that ethereum trading volume and market capitalization is humongous that it might be difficult to pump unlike any other coin it'd be more realistic to invest in altcoin thats not as high as ethereum in term of value so overall its good investment but just not gonna give any meaningful increase moreover the capital is rather low, for every doubling of ethereum price we only get a fraction of the supposed profits.

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December 10, 2023, 02:20:22 AM
 #43

For now if I have 500$ I would buy BNB since to much noise right now happen on BNB and the price is down because to many bad news but I think this coin still has potential in future the daily transaction on BSC is still high and the Binance is still continue to operate and the coin is one of the top 10 by marketcap
I think you have other better option then BNB, but i dose not mean that BNB is not worth buying, it’s true that BNB is dropped and now a bit cheap prices to considering in the green market, BNB will long term worth investment if they will win the case i believe it of course highly pump as like XRP was increased after won the case.

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Freddie Boyer
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December 10, 2023, 04:33:22 AM
Last edit: December 10, 2023, 04:44:17 AM by Freddie Boyer
 #44

Bro. The first risk in trading is losing money and our job is to be careful not to lose too much. Don't just play the feature if you can't afford it because the decision to buy coins must be based on real analysis of the coins. Just log in and arrange your investment plan for the $500 above.

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December 10, 2023, 04:49:03 AM
 #45

For now if I have 500$ I would buy BNB since to much noise right now happen on BNB and the price is down because to many bad news but I think this coin still has potential in future the daily transaction on BSC is still high and the Binance is still continue to operate and the coin is one of the top 10 by marketcap
I think you have other better option then BNB, but i dose not mean that BNB is not worth buying, it’s true that BNB is dropped and now a bit cheap prices to considering in the green market, BNB will long term worth investment if they will win the case i believe it of course highly pump as like XRP was increased after won the case.

One of the main problems with BNB is that you can only trade it at Binance. Many governments don't allow Binance anymore or put huge restrictions on it (my country also doesn't allow it) so I needed to cash out every BNB I had. Personally, I would just buy some more ETH, it is a safer bet and it has potential to go a lot higher.



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Rainbot
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December 10, 2023, 01:25:47 PM
 #46

If you had $500, which coins would you choose to buy

if I had $500 then I would buy EGLD, because
1. EGLD always has progress and the team is active in providing information about the project
2. EGLD price has the potential to increase by at least 5x from the current price
3. EGLD is very good and safer to use as a long-term investment, because EGLD is in the top 50 on coinmarketcap

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December 10, 2023, 03:34:34 PM
 #47

If you had $500, which coins would you choose to buy

It all depends on whether you have already formed a cryptocurrency portfolio or not. If you have already bought coins before and now you have an additional $ 500, then I would postpone purchases, since the market is currently at a high and would wait for a correction.

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December 10, 2023, 05:23:51 PM
 #48

If you had $500, which coins would you choose to buy
Bitcoin.
Everything goes into a portfolio containing Bitcoin and leaves it there for a year or more.

If you ask there are no plans to share a few percent to buy potential altcoins? not at $500 because to me that's too little to share.
If there is a multiple of $500, $750 to buy Bitcoin $250 to buy stablecoins in preparation for buying Bitcoin when the price corrects again.

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December 10, 2023, 05:39:07 PM
 #49


the bull run hasn't peaked yet. there is more room for growth. the halving wasn't even here yet and it means altcoins could exceed their ATH by probably more than 300%.
SOL's AATH was $250 and by the peak of the bull market, it could go as high as $750.

seeing SOL though is $70+, you might just find another with high potential but also a top coin in the market with a low market cap. my suggestion is Matic. this could be huge when they finally have positive news.


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December 12, 2023, 03:37:14 AM
 #50

I think you have other better option then BNB, but i dose not mean that BNB is not worth buying, it’s true that BNB is dropped and now a bit cheap prices to considering in the green market, BNB will long term worth investment if they will win the case i believe it of course highly pump as like XRP was increased after won the case.

Yeah, one of the reasons I bought BNB is because of too much Bad news right now like CZ stepping down and then Binance having an ongoing war with SEC, etc., and like you said that bnb is at a cheap rate right now and you can start to accumulate right now!

Besides if the price still continues down I can do DCA and start staking the APR right now is around 4-7% which is not bad at all.

But DYOR Im not financial advisor  Grin Grin

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December 12, 2023, 06:38:44 AM
 #51

It's not big money to invest but I think the best way for me is trading which will give me small amount of money every day. But you should get rid of money crunch so buy tokens that will bail you out before the bull market hits. You know there are some tokens which can't give good return even during bull market, it's bad community of that project. So you should see which token's price is always moving and make the right decision to buy it.
so seriously it is not a Big money to invest? i started investing using 100 bucks and yes now I can tell you how much I have gained over the years.

remember that every single Satoshi can be worth huge in the future, we are talking about some years of holding this so don't mis price that amount.

Do you have your own investment in altcoin or bitcoin? mind telling us how much?
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December 12, 2023, 08:56:33 AM
 #52

If you had $500, which coins would you choose to buy
are those listed are the project you are shilling ? because none of those listed are even have a ANN Thread here in bitcointalk but you manage to make them a choices? and really with 500$ that you can be safe in Existing cheap altcoins?
wondering what is the motive here, is this for free advertising ?

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December 12, 2023, 02:53:52 PM
 #53

Bro. The first risk in trading is losing money and our job is to be careful not to lose too much. Don't just play the feature if you can't afford it because the decision to buy coins must be based on real analysis of the coins. Just log in and arrange your investment plan for the $500 above.
But are there any other risks, next to it? In trading, there is only two outcomes, and that is either we win or lose. But I think when we are losing money, we are also risking our mental and physical health if in case we can't accept it. I think the OP isn't talking about trading but it's more like investing, since the amount involved here is too large only for a single coin.

The only thing is, the coins that he lists are unknown to most of us. So the possibility of short-term investing and trading is still there. Trading doesn't need to be huge but we can start with the amount we can afford to lose easily. In trading, analysis are being used the most but there are still times where it won't work. And then decisions can also be based on other things.

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December 12, 2023, 03:39:55 PM
 #54

Op, now that you only received 1 vote for your project shilling, what are you gonna do? Create another poll? You had a smart way of shilling and that would have worked if those tokens are atleast known. But those tokens are totally strange to many of us. And that is why you are getting suggestions, not relating to the poll.

I'd long ethereum with 2x leverage.

I have suspicions about coins you mentioned in poll, you are likely promoting them and since your account is new it gives further red alert.

Do you mean buying ETH with X2 leverage? Please why would you do that, why not on spot?

R


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December 13, 2023, 03:49:26 AM
 #55

I'd long ethereum with 2x leverage.

I have suspicions about coins you mentioned in poll, you are likely promoting them and since your account is new it gives further red alert.

Do you mean buying ETH with X2 leverage? Please why would you do that, why not on spot?

Yes, why not? I can buy more ETH with same amount of money.

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December 13, 2023, 09:56:12 PM
 #56

If you had $500, which coins would you choose to buy
I will use all the money to buy Ethereum (ETH). I think Ethereum is the safest coin to invest besides Bitcoin. But if I have more than $500, I will try to invest in Cardano (ADA) as well. Cardano has many good news lately, I'm optimistic this altcoin easily to skyrocket in the altcoins season. Cardano is also one of the most recommended altcoins to invest in.

It's not big money to invest but I think the best way for me is trading which will give me small amount of money every day.
It may be small money for you but it can be a good amount of money for some people. Not every people are good in trading, so we can't force them for trading. For me, it is okay to invest $500 if the people only have safe money $500. Just invest in one of the top altcoins like ETH, ADA, or MATIC.

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December 14, 2023, 06:53:50 AM
 #57

If you had $500, which coins would you choose to buy
Of course not of all those crap coins on the poll. They are all shit.

I'd prefer to just invest on BNB and ETH for my $500, I would say that because they are working until today, they have big communities and then they have a working product. It's hard to beat these two even with other smart contract such as WAVES or POLYGON. Always feel better to choose these two coins other than anything else.

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December 14, 2023, 08:48:10 AM
 #58

If you had $500, which coins would you choose to buy
Of course not of all those crap coins on the poll. They are all shit.

I'd prefer to just invest on BNB and ETH for my $500, I would say that because they are working until today, they have big communities and then they have a working product. It's hard to beat these two even with other smart contract such as WAVES or POLYGON. Always feel better to choose these two coins other than anything else.

Many people with small amounts of investments mostly take risks on meme coins and new projects in the hope of gaining huge returns. What most of them failed to realize is the chance of profiting is too slim. $500 isn't much but I'd rather put it into existing projects like bitcoin, ethereum, polygon, waves, etc. They have a high volume and are listed in the big exchanges.

Another option is to study trading. But this needs time and commitment but at least the $500 has a chance of doubling in a matter of weeks or months. The current market is doing well so it's a good opportunity to trade.

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December 14, 2023, 09:53:32 AM
 #59

If you had $500, which coins would you choose to buy

i want buy bitcoin but need wait down price, wait correction price
because this now bitcoin price uptrend after bitcoin price is around 20k dollars
has risen almost 100 percent from the lowest price before the price increase

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Dunamisx
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December 14, 2023, 02:01:46 PM
 #60

I will first start by saying that it all depends on how experience the investor is in cryptocurrency, if you are running away from taking risk and you're being experienced or newbie in cryptocurrency, you should go for bitcoin then you may later choose to add some few altcoins you know about, what we should always go after is not in the amount Invested, but on what we have used of financial hard earned resources to invest upon.

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