Noob here looking to play with 5k in the crypto market. Would be completely comfortable holding 5 years or more if it meant huge upside. Also comfortable losing it all overnight. I know so much is speculative, but would love some guidance from experienced crypto investors on what you would do if you were me.
Thanks in advance!
- Microsoft BarFooIt’s not an investment if you think it might become worthless overnight or skyrocket in 5 years. That’s called “speculation”.
- Ok so what are you expected gains over 5 years? Considering the entire market is in the shitter
- I mean if you did any research for more than 10 mins you'd know XRP and TRON are shit. BCH is Roger Ver's shitcoin. NEO gets a pump once in a while for no reason, so sure that might be a good buy. EOS has tons of cash to carry out their bidding and hence they'll keep going for a while but otherwise it sucks. BNB is truly awesome but it feels too late. There's probably room for growth in 5 year horizon though. Maybe people are trolling. In which case I apologize.
- Seems like everybody's a noob here. Think for yourself if it makes any sense to invest in Facebook right now for life changing gains. Going into any of the top 10 is like that. I'd put in 1k into ETH and BTC regardless. I strongly believe most of the others are shitcoins. Also do 500 into ZRX, 500 into XMR. Safety net ends here. Then do 2k into ZIL and keep the rest in exchange to average down on dips.
@7htio98 is right though. Get out with your initial and then some, and you'll be getting way better sleep.