Which one? Thank you.
Which one? Thank you.
Are you 15? 20? In 60 years, it's likely that the S&P 500 will be up more than 200x. It's unlikely that your crypto will exist. You are about to burn >$200k of retirement funds. Make a Vanguard account and buy VOO. Buy more every month and don't think about the price fluctuations. Your grandchildren will thank me. If you do buy a crypto, which you shouldn't, buy bitcoin.
I wouldn't necessarily listen to this guy, as long as you have your retirement accounts well-funded. The vast majority of my investments are in my 401k and brokerage accts. If that 1k is just fun money you could do some shorter-to-medium term investing in crypto - there's not much harm in that as long as you don't panic sell every time the market goes down 5%. Look into Chainlink and Tezos.
riskyrick, of course, the easiest way is to analyze and invest in Bitcoin, because everybody knows this cryptocurrency and it's pretty reliable, in comparison with all other cryptos, but if you really want to become blockchain investment expert, I can recommend you to take a look at this article here ( url: https://allcryptolive.com/2020/06/23/how-to-invest-in-cryptocurrency/ ) to discover dozens of other cryptocurrencies, and to figure out what investment movements you can make to earn money because of it.
You should send that money to me. I'll take care of it for you. My offer, by the way, is no more risky than throwing your money into algorithmic 'value' that is backed by...nothing.
Or, you could go outside and light 10 100-dollar-bills on fire and at least enjoy the flame for a minute.
I already write about optimist in crypto but someone deny my opinion and reply me like this. We know bitcoin is alternative and we need to grow and find what next after bitcoin because bitcoin is not safe, law nature also says everything has beginning always has ending. See 2020 as a good moment to find alternative outside bitcoin, anything to support our life on the right track is worth to follow. I see many reply like this and now my positive thinking about bitcoin start collapse. Try https://godex.io/ with sure will help you!
I've invested in tron
Could you tell me some more information about it? Let’s talk in PM
slower marathon pr than sara hall wrote:
Are you 15? 20? In 60 years, it's likely that the S&P 500 will be up more than 200x. It's unlikely that your crypto will exist. You are about to burn >$200k of retirement funds. Make a Vanguard account and buy VOO. Buy more every month and don't think about the price fluctuations. Your grandchildren will thank me. If you do buy a crypto, which you shouldn't, buy bitcoin.
But in 60 years, $200k will be worth about $35k in today's dollars.
FWIW, I agree with you, and most of my money is in VOO, but I try to be precise when considering investments.
One thing I think the OP should reconsider is his use of the word "invest". If I'm putting money into crypto, and I don't even know which crypto to consider, I'm not "investing". I'm gambling. It's a hobby. An entertainment. May as well ask which slot machine I should put $1000 into in Vegas.
People chasing higher returns with no knowledge are gambling. Heck, even people with knowledge are largely gambling. When you look at the data of most fund managers, they end up losing to the S&P 500 over the long run. So, the best of the best normally gamble and lose. What arrogance do these people have that they assume they are better investors than people that do it for a living?
Cryptocurrency is not as easy for a beginner as it might seem
Cryptocurrency is not as easy for a beginner as it might seem. I am sure that in order to understand the essence of a particular cryptocurrency, you need to understand how the blockchain system works, you need to learn how to pay attention to the fall and growth of the cryptocurrency. I would advise you to start optimizing your cryptocurrency trading using the https://tradingbot-solutions.com/ bot, which will allow you to avoid elementary mistakes and optimize the earning process. In general, I believe that TradingBot Solutions is the best option for both beginners and experienced traders, and that everyone should use bots for cryptocurrency trading - it doesn't matter if you are just starting out or are already a professional in the field of cryptocurrency!
I wonder if risky rick purchased then? He would have made some solid return.
slower marathon pr than sara hall wrote:
Are you 15? 20? In 60 years, it's likely that the S&P 500 will be up more than 200x. It's unlikely that your crypto will exist. You are about to burn >$200k of retirement funds. Make a Vanguard account and buy VOO. Buy more every month and don't think about the price fluctuations. Your grandchildren will thank me. If you do buy a crypto, which you shouldn't, buy bitcoin.
At historical returns (with dividends reinvested) that $1,000 will be worth close to $1 million - not $200,000.
Spread it out equally among Bitcoin, Litecoin, and Ethereum. These are supported by PayPal so they have the brightest future, IMO.
Be careful though, I think these cryptocurrencies *may* be in a bull trap at this exact moment.
I have $1000 to invest myself and will wait a little. I'd like to see a nice drop before jumping in.
Gold is a great deal right now. Consider getting some of that, too. You can get 1/4 ounce coin for like $500. Or get 1 ounce silver coins for like $30 each. Go to APMEX or JM Bullion. They'll mail it to you and you'll feel like a pirate.
Crypt wrote:
Gold is a great deal right now. Consider getting some of that, too. You can get 1/4 ounce coin for like $500. Or get 1 ounce silver coins for like $30 each. Go to APMEX or JM Bullion. They'll mail it to you and you'll feel like a pirate.
Gold is currently around $2,000. 40 years ago it was close to $2,300. I would never invest in gold.
Sally Vix wrote:
Gold is currently around $2,000. 40 years ago it was close to $2,300. I would never invest in gold.
40 years ago, gold was $594 per ounce. 1980.
Crypt wrote:
Spread it out equally among Bitcoin, Litecoin, and Ethereum. These are supported by PayPal so they have the brightest future, IMO.
Be careful though, I think these cryptocurrencies *may* be in a bull trap at this exact moment.
I have $1000 to invest myself and will wait a little. I'd like to see a nice drop before jumping in.
Don't waste your time with litecoin. i would just buy eth. All are pretty risky now as they have gone up a ton over the last few months.
What's wrong with Litecoin?
Sally Vix wrote:
Crypt wrote:
Gold is a great deal right now. Consider getting some of that, too. You can get 1/4 ounce coin for like $500. Or get 1 ounce silver coins for like $30 each. Go to APMEX or JM Bullion. They'll mail it to you and you'll feel like a pirate.
Gold is currently around $2,000. 40 years ago it was close to $2,300. I would never invest in gold.
Cyrptocurrency is a scam. At this point it is just about getting in making a buck and dumping it on a bigger sucker for a profit before it collapses. There are so many issues with it and outside sources like government regulations that can stop it in its tracks.
Gold is a store of value because the metal has use. There are uses in wide range of industries and it historically has been the world reserve currency. It is a good safe guard and it is going to go up significantly over the next 5 years compared to the crashing dollar. Cyrptos have no value. There is no use for them. They can only be used to gamble on and they will not be usable as currency. Regulations will make it impossible for you to continue to use them to purchase anything. Bitcoin is tulip mania 2.0.
Don't listen to Sally. Clearly no clue besides the fact that her historical gold price of $2300 is wrong. If you go back 48 years to when Nixon killed Bretton Woods golf was $35 per ounce.