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Re: $1000 to spare each month, how would you invest it?
by
UmerIdrees
on 31/03/2019, 18:34:11 UTC
- 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.

You have not a loss because you only left it (meaning you haven't sold it), and your optimism about the price recovery it seems worthy of imitation especially by those new users in particular.

- I then stopped investing early this year.

Maybe you are fixated on the declining market price, so you feel that the current market conditions it's feared will disappoint you later, I think your actions are quite wise because since then market prices have continued to decline to the end of 2018.

- I now have opportunity to save/invest $1000 each month (after all my bills and everything are paid for).

I think this strategy can be said to be effective because the crypto price traded at that time's a very low price. Don't be afraid to lose because your chances of success will come to you.

I am not worry at all and I am not afraid because I can make assumption about the future right with help of history, I know history tells us future of our investment is really good, safe and our money will not lose at the end, I prefer investing in bitcoin if I have 1000 dollars, it is the most promising coin which is here in market since long.

Many people are advising OP to trade or invest in different altcoins. Considering that bitcoin investment in the safest investment, i will also suggest OP to convert all the money into bitcoins and keep them save for few years atleast.