Need some suggestions - Crypto

Hey, your suggestion would be highly appreciated.

I am quite new to crypto and I am looking for the best new cryptocurrency where I can invest money and can get some good returns by end of 2021.

Please come up with your suggestions that are gonna be quite helpful for me.

imo, if you’re buying now to sell by end of 2021, that’s not really investing… that’s what I call gambling… and if it were so easy to pick, it woudn’t be so obvious. Some serious research should be involved. Or else you’ll disappoint yourself. My 2 cents.

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If you can invest and are okay with waiting 5 years, crypto is definitely interesting in my opinion. Safer options are the big coins, such as BTC, ETH, ADA. Lower cap coins are higher risk, but can also give more returns.

If you want to minimize risks, you could use dollar-cost averaging strategy :wink:

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I can give it 5 years. but looking for something where i can spend 1-2K USD and wait for 5-10 years

Make a strategy for yourself. You could for example put 50% into BTC/ETH and then the other 50% in higher risk coins.

just buy whatever is the hype, whatever with a working product.

nowadays nft are the hype, but do your own research and hold long term

I personally would stick with the better known coins such as BTC ETH ADA LTC BNB POLYGON etc. As mentioned above alt coins can earn your serious money but come with a lot higher risk. What ever you do just split your investment up to give your self more protection and keep researching

For long term investing build a 70/30 portfolio. 70% BTC and 30% altcoins. You can also gamble on coins for the short term, but be aware that you can lose everything.

I can also recommend investing in indexes like Crypto20. This token is kind of building a relevant portfolio for you with the top 20 coins in the market.

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My advice is don’t just jump in and do as much research as possible. crypto can make your rich but can also make you poor.

You need to invest for 5 years or more to really earn profit… The Best currency which I think you can currently invest in is doge coin ( after the news that Elon Musk wants to buy Twitter ) as Elon supports doge…
Note :
This is not a buying advice. Do your Own research before investing…

I don’t think that dogecoin is a good option better invest in Etherium, Solana , Bitcoin and Vet…
Putting money in Shiba INU and Dogecoin is like Gambling they can make you super Rich as well as bankrupt…

Basically do alot of research before putting your money in…

Elon Musk bought Twitter for 43$ billion… Now I think dogecoin will show upward move… :sparkles::sparkles:

I’ve heard stocks of Tesla went down like 12% because of that. Crazy

Yeah… Because he gave 43$ billion cash to buy Twitter and obviously he sold tesla shares to buy Twitter and that is why we saw huge drop in tesla shares…