Hey folks,
I've finally got around $20k to invest in long-term. No, unfortunately I cannot put this on a bank to get like 10-15% per year, I'd need something way more good.
What would you recommend? Mining? Other crypto?
Investors, please get me some cool ideas.
Thanks in advance,
Marcell
Hey mate! This would be my advise to you. A $20k is a lot of money. Focus first on understanding things, studying it before you put your hard-earned money in cryptocurrency or even at any investment platforms or different markets. If you know what you are doing and how does money grow there at the first place then you have higher probability of achieving your goals and growth in your investment. INVEST IN KNOWLEDGE FIRST.
Second, if you are finally having the final decision in putting your money in cryptocurrency market. DIVERSIFY your funds. As they say, do not put all your eggs in one basket. In what way would you diversify?
1. TRADING
2. HODL ALTS
3. STAKING
4. ETC.
This for you to enable to channel your investment funds for short term generating income (trading) to long term generating income (holding alts to staking).
TRADING is one of the hardest way since you can do it manually and honestly, you need someone to guide you. A mentor, so that he/ she might be able and warn you to what his/her errors before so that you'll not end up experiencing the same way he/ she did too. Your biggest enemy in TRADING is EMOTION especially GREEDINESS. So as my first advise. INVEST IN KNOWLEDGE, Try to research more about TRADING and its reality.
Lastly, focus on COMPOUNDING mate! Not 0 - 100, but 0 - 10, 10-20, 20-35, so on to achieve your goals. Ciao!