Quote from: Velkro on October 05, 2019, 11:46:39 PM

Quote from: DarthCanada on August 15, 2019, 01:56:32 AM

Looking to invest $1000 in cryptocurrency. Could you tell me your suggestions about which cryptocurrency to invest in and what % ?
I was thinking maybe 50% bitcoin, and 5-10% in many other cryptocurrencies like XRP, Ethereum, Stellar, Cardano, etc.

Im curious why? What do you know about Bitcoin, what do you know about XRP, Ethereum, Stellar and Cardano?
How people can come to such weird ideas? No idea really. Do you look only on various price factors? News coverage? For sure not technology.

And the most important part of investing is knowing the business itself and the risks you're going to take. If you are willing to risk such amount of money inside this industry, you also need to invest your time and effort finding every single details that will help you become a successful investor. You also need to consider the factors that will affect the coin that you will be buying as your asset.
Many investors have failed and end up very disappointed because they tend to rush things and not able to think properly resulting to unsuccessful investment.

You need to have a good combination of money management, emotional control and optimistic views inside the market that you are going to invest your money with.