Quote:
Originally Posted by Iowanian
Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.
Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?
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Yes. I won't give you financial advice but I'd tell you what
I would do if I had $1000 today and let you do your own research and determine what you'd like to do.
$500 - Split between Ripple (XRP) & Cardano (ADA)
$300 - Split between IOTA (IOTA) and Stellar Lumens (XLM)
$150 - Split between XVG and TRON
$50 - Put it all in ReddCoin RDD
I'd be confident that a portfolio like that would give you a great place to start growing a stake and learning about the market.
DO NOT, i repeat, DO NOT sell anything for 90 days once you invest. Look at it like a football season just starting out. If you get interested along the way in other coins, add to your position with new money, but don't touch your initial investment until after April because with the Trump tax plan and tax season underway, we're in a bull market right now, and have little reason to believe that it's anything but that.
THAT SAID - you also need to understand that these coins are under attack by Russia, China, and the Fed. There is belief that Russia and China tried to crash the coin market right before Christmas. They failed. People held. Don't let bear runs give you weak hands. Go in with a 90 day plan expecting to lose the stake, but hoping to double it. There's a good chance you might triple it or better in this bull market.