graduation money for crypto

in #cryptocurrency • 8 years ago

Hello i was just given a graduation gift of $750 and wanted to invest into various coins other than bitcoin since i'm worried about the huge price increase at the moment i was looking on Coin Market Cap and came up with some scenarios

also i get daily payments from genesis mining that is mostly for trading but this is mostly for buy and hold.

senario 1

25% steem

25%dash

10% ripple

35% eth

5%doge

senario 2

45% steem

25% ripple

25% eth

5% doge

please leave suggestions on what you would do with the money when it comes to crypto

Note: i don't actually expect much from doge coin but i little bit of growth can go a long way.

8 years ago in #cryptocurrency by
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     8 years ago 

    I like scenario 1, but i've heard good things about litecoin too

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     8 years ago (edited)

    Don't be fooled by the bull run that cryptocurrencies have been on for the last week or so. Just because coins are being pumped and are skyrocketing does not make them good investments. The coins that I would be putting my money into right now are ones that have actual value (Monero, STEEM, and perhaps Ethereum). Please note that this is my opinion, but I am not a professional and I am merely another person who is interested in cryptocurrencies.

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     8 years ago 

    How about something a bit safer and stable, like an index fund?

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       8 years ago 

      I agree with this. Open yourself a Roth IRA or put the money into an index fund. Cryptocurrencies are so volatile that there are very few that are good long-term or safe investments. Please note again that I am not a professional and I am merely another person who is interested in cryptocurrencies and in trading.

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