Hello all,
I am new to crypto currency market as I was before in shares and stock market. I have basic knowledge of cryptocurrencies like how supply, demand and history of famous coins. I am looking to invest in 2-3 cryptocurrencies. My investment: $200-$500. I would like to invest little amount in starting, afterwards I will increase my investments.
Well, I select the following coins:
Bitcoin : because it is no.1
Ethereum: this crypto is down these days, but I have got a news that ethereum 2.0 will roll out this year. So, I hope that this crypto currency price will go up.
Binance: because of stability
And eos if possible
I would like to know your suggestions before taking the steps.
PS:
Thanks all for your meaningful, personally experienced replies with these coins. I am glad to posted my query on bitcointalk, this community is super active. Cheesy
Well, I read all the replies and what I got to understand is that I should decide the % of amount to invest in these coins. Even I am increasing my investment amount to $1000. I did calculation and here are the results:
Bitcoin: 25%
Ethereum: 40%
Many users said that I shouldn't go for BNB and EOS upon the basis of many factors like centralized, eos performance not good etc. Most of the experts said that I should look & analyse on these coins:
Ripple: It is popular and promising altcoin.
LTC: Confused in this altcoin. Need to do research on this one.
Doge: Not sure
LINK: Maybe Risky. Never heard about this coin before.
Well, My investments are upon the basis of long term, I will invest for 1-2 years. But, I would like to know your opinions about long term and short term, What should I choose between long term and short term?
Last question, Which exchange should I go for? I am confused in choosing a good exchange? What's your experience on top exchanges for trading cryptos?
Thanks Again!
It is fine to sell your assets from the recent work you have which you said is having shares and stock market. Only sell some and not all because we still cannot guarantee that you will be profitable when you have get into cryptocurrency industry. It is good that you have already the basic knowledge as well as prior knowledge about how working into cryptocurrency goes on because it will be useful for you most of the time.
On the choices you have got, I totally agree you have Bitcoin and Ethereum into your top choices but upon the partition of the budget you have, for me it will be best if you will be putting the large percentage on Bitcoin instead of Ethereum. On the other choices, we do share the same thought of having Ripple and Litecoin as well for the line up of your cryptocurrency. But if you still do want to add up more, it will be just fine as long as you first educate yourself about that certain coin before deciding to get into an investment with it just to avoid regrets in the end.