Crypto - wait or trade?

[PotatoSalad4711]

I have a relatively small amount (under 1,000 USD) invested in various crypto. I am curious if I should sit on these investments, for, say, a year? Or is it better to trade aggressively?

Right now I’m diversified. And I am up by a bit today. But I don’t feel I should sell/trade. Maybe I should play around?

 

[Drkinferno72]

Crypto what? Doge? Ethereum? Bitcoin?

 

[PotatoSalad4711]

Crypto what? Doge? Ethereum? Bitcoin?

BTC, FET, XLM, POLY, ATOM (those are the ones I’m watching). Also, CLV, COMP, GRT, AMP as extras.

 

[Euler's identity]

Convert your shite into Bitcoin then hodl.

 

[Justtocheck]

BTC, FET, XLM, POLY, ATOM (those are the ones I’m watching). Also, CLV, COMP, GRT, AMP as extras.

Diversification works when the losses of one investing don't affect the other. For example, If I invest in an oil drilling company, a refinery company and a fuel distribution company, am I diversified? The answer is no, because a drop in oil prices will fuck me up in all fronts.

Same with your coins. And in your case, you are getting the worst of both worlds. If there's one big winning on a coin you get peanuts, but if something major happens that affects the whole industry you'll get fucked. IMO stable coins are a myth. If you want to make profit from a 1k (lol, poorfag) then either hold BTC and hope for the best, or sell your shit and invest more aggresively in one of the shit ones you think that'll go up. Always remember to flip shitcoins quickly. Don't get wiped by a rug pull.

 

[I'd abeeb bear]

Pick something you can actually trust, and hold. The people that successfully guess which meme or shitcoin is going to moon are few and far between, and those that continue to win are fewer. It's basically gambling if you don't actually pick a trustworthy coin and stick with it. Every year since I got into it, things have cemented just a bit more. There's going to be a massive thinning in the coming years, but no one knows just how long the timespan will be. For now, the market is somewhat random; great projects can go ignored for years, then suddenly explode, only to fall when BTC falls, having to start all over.

I don't talk to many people about it anymore, because it's all a risk, but if you're going to be in it, you should be looking at 5-10 years, not trying to penny and dime day trade, because you will have losses that way. Trusting anything you see online about crypto in regards to making a quick buck, or a 10x, or anything stupid like that is just people trying to artificially create a moon. Truth be told, no one knows what's going to happen with any coin, best we can do is an educated guess.

 

[Angry Shoes]

Always wait. Unless you absolutely have to sell to avoid being on the street sucking dicks. Then maybe consider selling.

 

[Adolf Hitler]

Hold Bitcoin, diversify with gold and an index fund like S&P 500. Maybe get some Monero if you like illicit substances.

 

[Uncle June]

Hold Bitcoin, diversify with gold and an index fund like S&P 500. Maybe get some Monero if you like illicit substances.

I've got a ton of silver but not much gold at all. Need to get on that.

 

[Adolf Hitler]

I've got a ton of silver but not much gold at all. Need to get on that.

I don't know about you, but where I am in Europe we have VAT on silver because it is supposedly an industrial good. If you don't have to pay a fifth of the silver price to the state it's a much better option and you should probably think about handling a certain ratio for your precious metals. Any normie that tells you we do things better in Europe is an idiot.

 

[shameful existence]

If you want to get bored with it enough to hodl without feeling tempted, converting all to BTC and sitting on it is a good advice.
If you want to learn, turn the BTC you have into ADA or something and stay tuned.

 

[Liber Pater]

If you have a small investment, you should be investing more aggressively if you want decent returns. Consider lending some of your coins and tokens while you wait for them to further appreciate.

 

[Gig Bucking Fun]

Don’t bother with holding crypto, especially “stable” coins like BTC. If you’re looking to flip a profit in crypto, you have a better chance writing down a bunch of small cap shut coins on little scraps of paper, pinning them to a dart board and seeing which one you land on.

 

[wtfNeedSignUp]

Buy high, sell low.

 

[DiggieSmalls]

Crypto is an exit scam or an avenue to buy illegal drugs. Investing in it with the current state is not sound advice and anyone telling you different has something to sell you

 

[Starscreams Cape]

Crypto is an exit scam or an avenue to buy illegal drugs. Investing in it with the current state is not sound advice and anyone telling you different has something to sell you

Don't listen to this fag.

Invest in Etherium and Bitcoin. Avoid all shitcoins except maybe dogecoin for a quick flip.

 

[mindlessobserver]

My portfolio is 60% Ethereum, 30% a Crypto I really like that I think could have massive returns, and 10% "the pepe memes told me this one is cool"

Do that and you should be fine. Until the meltdown starts. Then you will discover there is no God.

 

[DiggieSmalls]

Don't listen to this fag.

Invest in Etherium and Bitcoin. Avoid all shitcoins except maybe dogecoin for a quick flip.

Are you trolling or just this retarded?

 

[Starscreams Cape]

Are you trolling or just this retarded?

I invested in in Eth at 1300 and am up well over $20k. The owner of this site is a huge believer in Crypto, as it allows him to help fund the site because traditional means are denied him. Hardly "drug money".

Also, and it bears repeating, you're a fucking faggot.

 

[DiggieSmalls]

I invested in in Eth at 1300 and am up well over $20k. The owner of this site is a huge believer in Crypto, as it allows him to help fund the site because traditional means are denied him. Hardly "drug money".

Also, and it bears repeating, you're a fucking faggot.

Lol, what are you going to cash it out in?
Do you even know how it works? Doubt it.
Do you know how it caught popularity? again, I doubt it.
Are you aware that people can sieze your wallet at any time and you’d be left high and dry because lol exit scam. Keep your $20k in there (omg you even measured it in dollars as if you actually have the money)

I’ll keep laughing at you retarded fags thinking just because you right now can cash out at an amount means you actually can (lol, like your faggy wallet outages)
Keep being a try hard tool.