Hi all.
I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
At the moment there are 6000$ in cryptocurrency
My portfolio consists of BTC,ETH,XRP,SOL,DOT,XLM,ADA
Ready to invest $500 per month.
Advise on the best way to fix profits and what kind of cryptocurrency to buy. Now the markets have fallen - it's time to buy.
You are aiming for more than 10x profits of your investment. Practically this is possible, but yes it will take time. As you can’t make a lot of money overnight, so yes you have to patience in order to yield maximum profit. You will definitely see huge profit in the next bull market if you buy now, but I don’t think it will be 10x the price. Yes buying altcoins can give you huge profits, but you need to make sure that with huge profits, huge risks also come. Do careful research before investing the amount.
OP indeed has a good way of investing in comparison with those who are having a goal but aren't patient enough and not minimizing the risk to come up with the desired profit. No success indeed was done overnight. $500 is a bit high already but as long as you can manage the risk, then things would be alright.
You are quite having a good list and I am agreeing with using those coins except for DOT which I am not that familiar with. Also, this is a better risk than to cope up with "small names" having high rate of increase but also promotes higher risk.