Today I felt really happy. I helped two of my relatives who heard about bitcoin from a news channel and came to me to help them invest in bitcoin. One of them is my uncle (my mother's brother) who has a business. But, on the side, he invested in several stock markets, but recently, he heard a lot about bitcoin from news channels, all of which were negative.But he asked me about that because he knew I was working on it.
Then I told him about its potential and showed him my portfolio. Then he becomes so excited about investing in it. Not only that, his friend also came, and they invested a total of $45000. But according to our country, it's almost 0.36+ million of our currency. Then my uncle says, "Only Bitcoin is not an option because its price is too high. Are there other coins that we can invest in? Then I chose some of them and their potential.
Then they chose some coins. Because their money and there is choice also matter. Otherwise, i only suggest buying a whole bitcoin. Here is their investment :
My uncle's investment : $25000 (Total)
Bitcoin: $10000. Buy average ($47250 price)
Ethereum: 1 Ethereum. Buy average ($3420 price)
Cardano: $3k. Buy average ($2.30 price)
Dot: $2k. Buy average ($34.6 price)
BNB: $3k. Buy average ($410 price)
UNI: $2k. Buy average ($24.20 price)
DYDX: $1330 Buy average ($15.7 price)
Almost $250 fees cut in trading
My uncle's friend's investment is quite the same. He just invests a small amount in cardano, uni, dot, and bnb.
I feel really happy today. I can't share my feelings exactly.
It's really good to have someone who's knowledgeable enough to given guidance to other people who plan to invest in cryptocurrency so that complicated stuff can be explained in simple terms. In addition, it is important to diversify your funds by not going all out in one specific coin but rather distributing it by percentage just like on what you do. A large portion of your funds was allocated in BTC and the remaining are distributed to the different coins which somehow lessens the risk of losing all of your funds.