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?
I think it will be a great idea if you can choose bitcoin as the main investment from now on until you can reach 1 btc and then moves to the other coins. Or you can stick with bitcoin only and don't use altcoin for the investment. But if you want to make 50:50 for bitcoin and altcoin in different altcoin for every month, then you should analyze the altcoin because there are too many coins in the market that you can choose. Perhaps, choosing the top 10 list on the coinmarketcap will be a good choice, but once again, you need to analyze every coin, so you don't make any mistake to buy the coins.