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?
$1000 monthly? If i were you, i will invest it on ethereum, market is still at low price imo so i think it's a good time to invest. Remember to keep up to date about the crypto market and ethereum market. Once you see the ethereum price up to 10-15% sell it.
Good margins! I would definitely much prefer on having those profit gains than on waiting for long term.You would able to utilize the volatility not only on price swings for long
term but you will definitely gain from each movement on a certain day.It is somehow risky but would really worth to try on. Just focus on high volume one since you can
find the action with these coins.