Post
Topic
Board Economics
Re: Where should I invest?
by
|MINER|
on 22/08/2022, 07:20:07 UTC
As a newbie in the crypto environment, with a keen interest in making a profitable investment in crypto, where would you best advice me to invest in 2022. Will an investment in bitcoin now still be profitable to me or investing in other coins is what you best advice? I understand that people are sometimes reserved as per not wanting to give financial advice to avoid being blamed if it goes wrong, but I will try to go through all the responses I can get and highlight the answers that are repeated for consideration.
My advise is invest on your own risk, research and study cryptocurrency carefully so that you could understand what crypto is and how big the risk on investing into it. Don't listen to anyone because at the end of the day you are the one who will suffer the loss do your own research and be careful always because crypto is high on volatility and anytime you can loss or earn depending on your decision.
I wanna add one more thing with your advise and that is "always keep in mind investment should be as much as he can effort". Yes it's better if anyone can research by own . After that in beginning and now for this situation I will prefer bitcoin because here at least he should not have to be worry about the security and bitcoin is on good dip now . Anyone can profit 2x, 3x if invest on it now for long-term. And there was a signal from many market analysis that market will recover in 2023-24. So op can easily choose btc for 2022 .
I will also agree with you that bitcoin is perfect for now. Because after the luna incident we can't rely on altcoin. Even then I thing the top pairs of Altcoin like Etherium , BNB , Polygon , Lite coin etc are safe for investment. Etherium is the second most trustable and  secure coin for investment. My suggestion would be for him choose any of these coin above here. Atleast here he don't need to be worry about security and  easily can gain over 2x profit if hold for long-term