Post
Topic
Board Speculation (Altcoins)
Re: 10k investment
by
Sophokles
on 24/03/2024, 11:59:32 UTC
Ten thousand dollar investment should not be invested on any one coin but investing on multiple good coins would definitely be profitable and risk free. However, a $10,000 investment portfolio must include Bitcoin.
While I agree in the latter but disagrees with the former. Because there is a good option by investing only in one coin and that's with BTC.
People still sees it as something not reliable nowadays because they're seeing the hype with meme coins. Once the market goes into bull run, sure a lot of these meme coins will definitely going to crash.

Surely, Bitcoin is a good investment option for the long term, but if the person is looking to invest for a shorter period, I think he should try his luck in altcoins. There are certain risks associated with altcoins, but the risk is worth it when you look at the ROI. Altcoins such as ETH, SOL, XRP, MATIC, etc., are good potential coins. As far as meme coins are concerned, they are very risky, but the profit margin is also exceptional in meme coins. Take the example of PEPE, if you had invested a mere $500 a month ago, you could have made over $5k in a month. If you are getting this much profit on your investment, then I think it is worth the shot.
That's a big amount, the risk is high so as the potential rewards. Those that knows how to touch that money can surely do what you're saying.
Me as a safer type of investor, I'll put some of it with those that you've mentioned but will still include a bigger part for Bitcoin.
Yes, there are a lot of potential altcoins but you have to DYOR.
Top Altcoins are not basically the best giver of ROI cause they are mostly correlated with Bitcoin, only if Bitcoin pumps massively only then can we see them increase in value. Not undermining, first investment should go into Bitcoin, seconded by any of this top Altcoins (as long Bitcoin Increases it does the same to them, profiting from both sides) then before risking on any of the memecoins, it's a must to make good analysis and invest the right portion of funds, this is where understanding the essence of diversification comes into place.

They might not be the best one to get maximum ROI but they are the safest.