Hey,
Looking to get some ideas from people so let me begin by explaining my situation:
- I initially invested around $3000 just over a year ago in crypto, which is now currently worth about $1000 (2/3rd loss). I've written this off/left it and am a firm believer the market will one day recover, be it short or long term.
- I then stopped investing early this year.
- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).
- I have $5000 saved in cash as emergency in case I need it.
How would you invest the $1000? Or would you just save it all, or only invest a bit of it each month based on market behaviour? What coins are good to look into investing slowly, with the belief they'll give the best returns if the market properly goes into a bull run?
Bitcoin is always the number one when it comes to this kind of situation.So I will advise you to invest your money in Bitcoin, cause when bull run comes, it is always sure for Bitcoin that the price will increase. Altcoins follows Bitcoin move and sometimes they dont, and they might even continue to fall when Bitcoin is rising cause every investor will be focused on Bitcoin then, so invest maybe $1000 dollars in Bitcoin.