I recently got 10,000 USD after my FD (Fixed deposit) matured and now i want to invest all those in the crypto world as the returns are best here.
Please suggest me different places where i can invest these 10,000 USD in the crypto currency world as i never done big investement in crypto before so please give me some ideas.
I suggest that you don't just put everything in crypto.
$10k USD is a nice chunk of change and I'd probably allocate around 50% of this to stocks and 50% to crypto. That way you make sure that regardless of what the outcome with stock market or the crypto markets are, you are able to fall back on a safety plan.
Also, have you got an emergency fund? Generally 6 months of your expenses is a good place to start.
And let's assume he only wants to invest in crypto, my two suggestions will be btc and eth, the two most safest crypto in the market, buy if he wants to risk it, then he can add some known alts, but with that money and being a newbie in the crypto space, btc and eth is the right place to put it. Hope you made a good choice.
yes he just said that what he only wants is cryptos because he thinks cryptos are highly profitable than the other investments which is true anyway .
i agree with your suggestions about btc and eth because they are the safeat and these two are also the biggest gainer of all cryptos .
i also agree with what @xypos said because op is a first timer of investing huge amounts so he might slow down a bit .
Many people are starting to realize that investing in crypto is indeed the most appropriate choice if we want to make big profits. Because it has
been proven that crypto's performance is indeed the best compared to other assets, so now more and more newbies want to join. The problem is
that newbies don't have enough knowledge to understand how the crypto world works. Moreover, immediately starting with a large capital is
not recommended. In my opinion, before deciding to invest in crypto, first learn everything about the crypto world, after that start slowly investing
in popular coins with small capital. Because if we immediately use as much as $10k of capital it's too big for a newbie, there's no need to rush to be
able to make a profit.