Greetings! I am planning to invest $5,000 in cryptocurrency but I do not know how to invest. And where should I invest? - in Bitcoin, in alternate cryptocurrency, or in ICO? Im asking for an investment strategy for professional traders or investors out there.
The best thing you should do is diversify your investment, never invest in a single currency. For example you can invest in several promising currencies and in the long run you get huge profits, ETH is now very cheap and a good investment opportunity, NEO is also very cheap and now is a good investment opportunity. you want to invest in bitcoin, then you should wait for it to fall and then buy and hold for a long time, search the altcoins section about what good Altcoins are for investing, just do not invest on Siacoin.
In other words, put your hard-earned money into different investments so that if one falls down, you have other investments to support you.
This has always been the best thing to do.
Is investing just buying and holding? I am a little bit confused between investing and trading. Anyway, thank you for answering my question. It is a great help for a beginner like me. Im actually scared thats why I asked here in forum.