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SubscribeHow would you invest/spread $1000 in cryptocurrency?
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#1
How would you invest/spread $1000 in cryptocurrency?
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#2
I would invest my 1000 USD into the top 10 cryptocurrencies and go for long-term trading once I diversify my trading portfolio.
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#3
The $ 1000 cryptocurrency may be too little, and your position may only be suitable for buying one cryptocurrency, but I think it is the best way to get the cryptocurrency without risk and waiting for it to appreciate.
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#4
Be safe, be speculative and be sure to play. $1,000 may not seem like much at first, but in the world of cryptocurrency it can be huge.
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#5
I would wait for Bitcoin to crash to about $400 or whatever it bottoms out at in the next few months. First, because it’s going to crash. It will be many, many years before Bitcoin is any sort of stable. Second, the bottom seems to be pretty stable for a while before it starts climbing significantly again.
Then I would invest $990 all on Bitcoin and spend the rest on tacos to celebrate, while calculating the true cost of those tacos when Bitcoin reaches $3000, $40,000, and $500,000. I think that it really will reach that last value in the next 30 or so years.
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#6
I would divide them to a few coins but surely the majority of it would go to Bitcoin.
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#7
I was always told not to put everything in a single coin so like other investors, I would distribute them to at least three coins: Bitcoin, Ethereum, and Litecoin. About half for BTC and a quarter each for the other two coins.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#8
That's right. It is really advisable to spread you money on different coins so when one fails or drops, you still have other coins to provide you with profit. Also, just to add, try investing on some altcoins. They also have potential.Originally Posted by Trader_Rob
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#9
Just make sure to choose a really good altcoin. Avoid emerging ones as they often fail and you might only end up losing your whole investment.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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