Hello, this is my first post but have been reading a while. I registered because there a few users who really seem to know what they're talking about.
I have a lot of questions so please have patience
I'm going to be investing around $100k into a few coins. I don't understand the logic of investing in 15-20 coins and investing solely in 1 coin seems a bit risky. My first question is regarding the big stable coins.. I want to invest at least half of the $100k into a coin such as btc, eth, ltc
Out of the the big coins, which would you recommend as the best bet over the long run? My definition of long term is 3 years minimum. I feel very safe investing into btc but if the consensus is eth or ltc I'll take that into consideration. A mix of 2 of them is also something I'm considering
Now to the altcoins. I'll likely be starting investing in some altcoins within a week or 2.
Which altcoins are you guys really really hopeful of? I'd like to divide this into 2 cases.
Altcoins which will be a boom in the long run and should hold.
altcoins which will see a huge boom within a few months/days/weeks to a year which then might dip or crash. I'd get out of these coins during the pump and buy more btc/eth etc then repeat the process.
I have another questioning regarding withdrawals and trading. I'm currently in the United States and there's a lot of restrictions it seems. I'm cut off from many markets. Can I accomplish most of this while residing in the States or would it to be beneficial to get a residency permit in a place such as Curacao or the Netherlands?
Finally, let's say I make a very large profit and attempt to withdraw into a bank account or into another wallet, should that nott be an issue? Which exchanges should I be looking at? I'm currently using Bitstamp mainly but now have an account on Bitfinex. Fantastic board here
If you have $100k and you are 100% sure that you are using that money to invest in something then invest in Bitcoin. If you don't invest in Bitcoin before investing in an Altcoin if you decide to move to an Altcoin that is then there really isn't anything that we could suggest to you because the odds of you making your money back through that investment is close to none.
Bitcoin can be used all over the world.
Withdrawing a bunch of money into a Bank account isn't that hard and there's other ways of transferring large amounts of money as well.
I already have some money in btc. I've been using it a few years but never bought a lot at one time. I'm not sure I understand the rest of your post. I think you mean that I'll have to use btc to buy altcoins? I sort of figured that but interested in investing in some of the other coins. So you think if I put in a decent amount of money(aka btc) into Waves or something such as syscoin, I have 0% chance of a good return?