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/biz/ - Business & Finance

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4495518 No.4495518 [Reply] [Original]

I'm new here. Just recently found out about crypto and trying to learn everything I can. I've just bought $500 worth of BTC, 1 Ethereum and 1 Litecoin. How am I doing so far? And I have a few hundred dollars more to play around with, should I throw that into altcoins or increase my other investments?

>> No.4495543

>>4495518
keep buying bitcoin until you have a full one. very rarely does anything consistently outpace bitcoin gains.

>> No.4495567
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4495567

>>4495518
I would stick with those ratios. Don't buy low-market-cap alts. It's not investing, it's not even speculating, it's just gambling.

>> No.4495579

>hell for the crypto meme
just buy high sell low

>> No.4495615

>>4495567
This image is pretty accurate desu (minus chainlink) it's like the /biz/ trader life cycle.

>> No.4495759
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4495759

>>4495518
What >>4495543
said is gonna be good advice unless you really want to jump down this rabbithole

When you buy altcoins it's because you think it will do better than bitcoin, there's very few alts that have done that over time

Only hold 3-5 positions at any one time, it's tempting to have a little in everything but that just minimizes your gains, pick 3-5 that you really really believe in and stick to those

I'd look at the top 25 on coinmarketcap and pick 3-5 from those if you're considering alts, but what you're in right now is just fine if you don't want to put too much thinking and energy into crypto and still make easy gains

>> No.4495783
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4495783

>>4495567

>> No.4495874

OP here.

>>4495543
>>4495759
Alright, BTC seems like a safe bet. Think it's gonna hit $10,000 this year?

Also can someone tell me what a "moon mission" is?

>> No.4495879

>>4495783

This might be the only truth posted on this board RN


this guys gets it.

>> No.4496058
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4496058

>>4495874
2 time moon mission vet ama

>> No.4497138

I bought some bitcoin a few weeks ago.

How do you go about buying alts? Is it all done with BTC value on exchanges? Do you keep it on exchanges or is there other wallets I can get?

Asking questions like these how long until I lose everything?

>> No.4497247
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4497247

>>4496058
What do you think about HST? Can it hit $1 by EOY?