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
My advice is, don't listen to anyone on this forum or anywhere else. Especially if they know that you have money. They will try to fuck you over 99% of the time. And the remaining 1% are people who have no clue about what they are talking about.
With that said, the general way to investing is figuring out potential investments and how they could develop in different situations. You want to have a "worst case" prediction, a normal prediction and a "best case/optimistic" prediction.
Then you balance a portfolio of different investments and compare their worst case / normal / optimistic performance and figure out which one you want to go with.
Always make sure that the worst case scenario is not going to be a problem for you.
Getting accurate predictions is the real trick to this though, and very few people can do this successfully, which is why you shouldn't listen to anyone.