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?
That depends, but I will prefer to invest that $1000 twice in Bitcoin and then the rest that I have to spare every month can go to other altcoins such Ethereum, Cardano, Tron, EOS and Stellar. These are the coins that are really promising this time around, I dont know for others. Instead of you to waste those money in shit coins, its better to take the risk with the top coins.