- Nov 9, 2020
- 4,551
- 2,668
Hold for a few years, It's expected to become a Trillion Dollar Industry!
Need some recommendation.....
- Thread starter steveab
- Start date
alurosu
Elite Member
- Jun 16, 2020
- 2,188
- 1,662
If you manage to pick up the right one. It's very risky compared to ETH.
blackbeans
Elite Member
- Nov 29, 2008
- 9,247
- 4,808
Okay, I’m going to answer this question based primarily on the fact that you used the word "invest."
If you had used the word "trade," my recommendation would be entirely different.
Since you want to invest in crypto as some sort of asset class, I suggest that a large chunk of your investment funds be placed into the big-name coins.
Maybe 50% should go into Bitcoin, and then maybe another 20% should go into Ethereum.
Now that you have the "best breed" coins out of the way, the remaining 30% is where you should look at fast-rising alternative coins with solid use cases behind them.
I'm talking about Avalanche or AVAX or if you are quite a big risk-taker, maybe Metaverse-related altcoins like MANA.
Whatever the case may be, make sure that you don't get into emotional investment since you used the word "invest."
This means that expect that the market will heat up and then cool down.
What's important is that when you invest in crypto, have a solid exit plan.
And know what to do with your proceeds when it's time to exit.
Usually, what people do is when they make money off Bitcoin, they don't exit crypto entirely.
They either get into Etherium or into alt-coins and then get a faster return on those and then go back into Bitcoin depending on the price level of BTC at that time.
If you had used the word "trade," my recommendation would be entirely different.
Since you want to invest in crypto as some sort of asset class, I suggest that a large chunk of your investment funds be placed into the big-name coins.
Maybe 50% should go into Bitcoin, and then maybe another 20% should go into Ethereum.
Now that you have the "best breed" coins out of the way, the remaining 30% is where you should look at fast-rising alternative coins with solid use cases behind them.
I'm talking about Avalanche or AVAX or if you are quite a big risk-taker, maybe Metaverse-related altcoins like MANA.
Whatever the case may be, make sure that you don't get into emotional investment since you used the word "invest."
This means that expect that the market will heat up and then cool down.
What's important is that when you invest in crypto, have a solid exit plan.
And know what to do with your proceeds when it's time to exit.
Usually, what people do is when they make money off Bitcoin, they don't exit crypto entirely.
They either get into Etherium or into alt-coins and then get a faster return on those and then go back into Bitcoin depending on the price level of BTC at that time.