Post
Topic
Board Trading Discussion
Re: I've got $20k to invest. Please recommend!
by
hahay
on 08/07/2020, 18:23:57 UTC
$ 20k if I have maybe I will buy Bitcoin when the price is still at $ 6000 last March, but now if you buy Bitcoin at $ 9000, I'm not sure I'll go back up, because it's been 3 months Bitcoin has increased
Well, there's a possibility that bitcoin prices will reach more than $ 10,000 this year. buying it for $ 20,000 now would be very profitable. it's just that, we know that storing everything in 1 shell will make the risk even greater. so, I recommend having 2 bitcoin, and the rest on ethereum.
I think if you have $20,000, you should divide your investment accordingly and spend half of your assets investing in Bitcoin because any investment, Bitcoin should be the first choice. The other half, you might consider investing in new altcoins available in this market or joining IEO because this is a form of investment that has become very popular in the past year.
It doesn't have to be half and as quoted earlier it would be better to have 2 bitcoins and make a separate bankroll if you want to leap into the IEO project, because for now there aren't many successful projects there and still to be careful but if you aren't that skilled to doing research for each of these new projects it would be better to only invest long term in the top coins, even though everything is invested in bitcoin I think that is also a good idea right now.