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/biz/ - Business & Finance

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21487106 No.21487106 [Reply] [Original]

Absolute newfag to /biz/ and crypto, got about £500 to burn, how should I invest it?

After dmor, I'm thinking:
>40% BTC
>20% LINK
>15% ETH
>10% ALGO
>10% OXT
>5% BRDG

I appreciate that I'd be safer just going 75:25 BTC and LINK, but I'm willing to take a few risks

Insults and deprecation appreciated

>> No.21487178

As a poorfag you shouldnt diversify that much. Go for something high risk and go all-in or buy 3 differrent currencies at max.

>> No.21487203

Some %, %, %, etc. portfolio theory is guaranteed to lose because you have no conviction which is why you are taking your money any splitting it into a bunch of shit you know nothing about and when they dump 50% you are going to dump too because this will be confirmation they are garbage and you don't know what you're doing

>> No.21487232
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21487232

>>21487106
All in Statera

>> No.21487252

>>21487178
Hmmmm, should I just wait for the first sell-off of LINK in the next few days, see if it drops to $16 and then go all-in for the long? Or should I just go in now and hold for three years? Clearly I'm extremely late to the party kek

>> No.21487293

>>21487232
Statera looks promising, but wouldn't ETH be more stable?

>> No.21487339

>>21487203
Nah, I accept the risk, I can see ALGO, OXT and BRDG ever making it, LINK could ceiling but who knows, daddy BTC is never not gonna be safe, but low yield

>> No.21487357

>>21487106
>500 dollar
Forget any coin token or whatever in the TOP 100. Look for one promising project around 200 with at least 50K volume a day, good.

>> No.21487376

>>21487293
If you want to play it safe then yes i think eth will be your best bet.

>> No.21487731

>>21487339
What you need is a low sat coin because fundamentally you need to multiply your sats and thats what these coins are for. You're going to buy, and then place a sell order and just wait.

>> No.21487790

For such a low initial investment BTC is a waste of your money. ETH and LINK. BTC would have to really blow up to make you anything meaningful. ETH and LINK are gaining well.

>> No.21487910

>>21487106
might as well slap it into the next big defi meme.

>> No.21487950

>>21487106
All in LINK.

t. Whale

>> No.21488068

>>21487357
Thanks anon, what do you reckon to PNK? That looks like it could be on the way up for first ATH, I'm willing to hold on the inevitable slide

XRP looks promising too

>> No.21488108

>>21487950
Do you reckon LINK will go $1000? I could buy a stack of 25 and sit on it. Not gonna make fuck-off money, but could put it towards other investments in the long term. Heard some anons saying marines may still be early on this one compared to the masses

>> No.21488147

>>21487376
I suppose it's only £500, it's a lot for me but it wouldn't be a suicide stack, I'll read Statera's Whitepaper

>> No.21488180

>>21487910
Differentiating shillcoins from moon shots is gonna take some practice kek

>> No.21488618

>>21487252
LINK is a safe long term hold but like >>21487178 said something even more volatile will build your war chest faster. It's hardest to get by at the beginning when 50% gains on a coin can mean $100. I'd rec ZZZ if only just because it's a promising low cap and the team can't dump on you but I'd still feel iffy giving you a week old project. Keep an eye on it maybe. Otherwise LINK will do you fine, just not a jumpstart at first.

>> No.21488654

>>21487106
We the poor can only invest in 2 or 3 projects at the most.

ALGO 50%
BTC 30%
TRX 20%

make sure to take profit and study the market, don't sell at al lost.

>> No.21489215

you may as well use collateral to borrow $CREAM at cream.finance, stake $CREAM at shrimp.finance and obtain $SHRIMPies which can be sold for profit. close position and get free money right there with no risk exposure. for bonus points buy or borrow $WETH and stake them together with the farmed $SHRIMPies at the shrimp.finance liquidity pool.