Quote from: SamReomo on Today at 03:45:21 AM

Quote from: stevenjohnstone on June 24, 2023, 12:42:23 PM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

I would recommend you to invest half of your money into Bitcoin but before investing into it you should learn more about Bitcoin investment and how one can securely buy and hold his/her coins without any problems. I have seen many people who invested in Bitcoin without any proper knowledge about Bitcoin wallets or I must say cold wallets, and in the process those people had to face huge losses because of their own inpatient nature.

If you truly want to have a better investment for your future then you should go with Bitcoin only, and never ever invest in a alternative coin if you want to be on the safe side. As a simple rule, you must first get yourself educated about Bitcoin investment so that you may never face any hard times like those people who invested in it without properly getting educated about it.

I recommend you to learn about Bitcoin wallets, and also about private keys, seed phrases, and finally about the steps to secure your wallet from any known vulnerabilities of operating system software or human error. In order to do that you must have to begin with a very low amount of investment just for learning the wallets and all those other things.

I recommend you to begin with just $10 investment for the sake of learning and mastering those software based wallets, and other functions of a Bitcoin wallet like privacy of your private key and seed phrase so that no malicious person can ever be able to transfer the funds from your wallet to their own wallets.

Knowledge about Bitcoin investment is a necessary thing and that's why you must learn about it properly and once you are sure that you have enough knowledge about Bitcoin and the wallets then and only then you should invest your money in Bitcoin and secure your asset in a cold wallet. A cold wallet is simply a software wallet that isn't connected to internet. You should learn those things first, and I hope that your investment will give you better rewards in future. Best of luck.

In all things, safety must come first. The loss might be devastating if your private keys or seed phrases were leaked. This is the equivalent of putting your house keys under the doormat and expecting nothing to happen.

Here's where I might disagree with you though: while Bitcoin is undeniably a robust alternative, I feel we should be careful about adopting a one-coin strategy. Although it could pay off, putting all your eggs in one basket is risky business. Because of the sheer size and fluidity of the crypto space, firm conclusions cannot be made. Any discussion of relying exclusively on Bitcoin causes mental dissonance in me. Although Bitcoin has a track record of providing favourable returns, the cryptocurrency industry is dynamic and several altcoins hold substantial promise. The ability to think critically while remaining open to new ideas is essential. The crypto path includes this tango with ambiguity.