Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ACoinedTerm on June 12, 2022, 03:37:38 AM
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Hi there forum. My dad and I decided to see if we could take advantage of the current market dips. We are aiming for a passive investment and possibly passive income type token. I understand basic cryptocurrency theory and also bits and bobs on how Defi works.
Does anyone have any suggestions on what to do with 500 USDT at this time in the market? I know this a vague question and I may be waffling, but I might as well start communicating with others on the forum and get some insights. I was thinking of putting all of my money into a DeFi token but im not so sure.
In summary, I guess what I'm trying to ask is:
What altcoins / tokens are you all watching closely right now? And if you had 500USDT, where would you put that to use?
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Are you looking for short-term? Mid-term? Or long-term? In my case regarding the current market dips, I am accumulating Bitcoin every month using the old-school traditional dollar-cost averaging (DCA) every month without paying attention or caring much about the current price of BTC. Why am I doing this?
Because I know that one day Bitcoin will rise again despite the uncertainties in the market these days. If we’ve experienced the great Bitcoin crash of 2018 before and also making its all-time high of around $68k in 2021, I truly believe BTC will be reaching new highs again in the future. So for me, it’s best to accumulate BTC as it was the most popular and widely adopted worldwide. And not only that, financial institutions, traditional companies and governments have already acknowledged and recognized Bitcoin.
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Hi there cheezcarls, thanks for your reply.
Me and my dad are looking to mid-term hold some alt-coins/tokens. As for BTC, me and my dad believe in the coin rising near the 70k again in the near future so we will buy some BTC to hold long-term. Only problem is is that we don't whether to put in our bid now at its support which is around 30-27k or if we wait for it to go a bit lower. It's interesting that you mentioned Dollar Cost Averaging; I will have to look into that more too as the term is new to my ears.
So in summary, yes we are planning to finalise the majority of our investment into BTC in a few days time. But we just don't want to put all of our eggs in one basket, so we are looking at other coins in the meantime and possibly look into the DeFi realm with a bit of cash.
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I could tell you to buy some BNB or TRX, or even Stellar Lumens, but those are long term investments and you probably won't start profiting in this year due to the aforementioned bear times. You can do stable coins farming on beefy or autofarm
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I could tell you to buy some BNB or TRX, or even Stellar Lumens, but those are long term investments and you probably won't start profiting in this year due to the aforementioned bear times. You can do stable coins farming on beefy or autofarm
BNB and TRX are very potential coins for long term investment.
I think those will have great future and more expensive at the coming years, 2023 or 2024, maybe at 2025.
Buy more and starting to hold them.
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Hi there forum. My dad and I decided to see if we could take advantage of the current market dips. We are aiming for a passive investment and possibly passive income type token. I understand basic cryptocurrency theory and also bits and bobs on how Defi works.
Does anyone have any suggestions on what to do with 500 USDT at this time in the market? I know this a vague question and I may be waffling, but I might as well start communicating with others on the forum and get some insights. I was thinking of putting all of my money into a DeFi token but im not so sure.
In summary, I guess what I'm trying to ask is:
What altcoins / tokens are you all watching closely right now? And if you had 500USDT, where would you put that to use?
If you had 500 USD, I think you can buy BNB or ETH now.
Current market is going down and I think It's bottom.
Buy more and hold altcoins, You will get profit at the coming months.
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I could tell you to buy some BNB or TRX, or even Stellar Lumens, but those are long term investments and you probably won't start profiting in this year due to the aforementioned bear times. You can do stable coins farming on beefy or autofarm
I have been curious about Stellar Lumens for a few reasons. I heard it has fast transaction times. I also heard that it's the best coin to invest in once the US implement regulations on the crypto market. I don't understand why its market price is so low right now. I need to do more research on the coin because I do indeed believe that it will rise up in worth someday.
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defi tokens may not be a trend anymore so I suggest you to buy certain tokens like bnb or some other top 10, I'm here talking about the long term
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In the current blood bath of the crypto market, I would suggest you only 3 coins at the moment that will survive the bear market and have the potential for long-term those are Bitcoin, Ethereum, and BNB even though these are the top coins that are tested and trusted. You can diversify 250$ each in 2 coins if you find it good but do your due diligence before making any decision.
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You have great advantage having this kind of money to invest at this time when crypto market is totally down . Just look for a good coin or token to invest in. You ick one or two coins or ten from the coinmarketcap from number one to twenty and invest in in them.
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Interesting ideas, thanks, I think SOLANA is also good coin
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Interesting ideas, thanks, I think SOLANA is also good coin
right, that for coins that are at the top of the CMC rankings, it is clearly highly recommended to be used as an investment. but right now all is in the red due to bitcoin's protracted correction, so choose the best because now is an opportunity to buy and hold it.
BNB, LINK, DOT, are coins that are currently down not above -30% and are very promising to be used as investments.
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I agree with many options offered by the posters above - ETH is one of the best choices, and I BNB and SOL are also looking good.
Just make sure to diversify.
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Hi there forum. My dad and I decided to see if we could take advantage of the current market dips. We are aiming for a passive investment and possibly passive income type token. I understand basic cryptocurrency theory and also bits and bobs on how Defi works.
Does anyone have any suggestions on what to do with 500 USDT at this time in the market? I know this a vague question and I may be waffling, but I might as well start communicating with others on the forum and get some insights. I was thinking of putting all of my money into a DeFi token but im not so sure.
In summary, I guess what I'm trying to ask is:
What altcoins / tokens are you all watching closely right now? And if you had 500USDT, where would you put that to use?
If you have 500 USD, I think you should buy several potential top coins such as ETH, BNB and Cardano.
I think It's good way to do.
Because the crypto price is low now.
Buy more and become holder
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I think you should spend more time investing in knowledge and understanding of this market. In my opinion, BTC will be the first bullish crypto in the bullrun, BTC is also the safest crypto in the market, you should be interested in BTC instead of ALT at this time. ALT is also attractive but I only trust ETH.
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Everything is highly undervalued in the market right now, the good thing is that all the best assets in the market are a good buy right now also. So i would suggest you look at the top 10 assets in the market and begin to take your position using dollar cost averaging methodology.
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That is one of the hardest questions to answer at this time of a big dip...but we know that inorder to make it big in the crypto space you have to be greedy when others are fearful and be fearful when others are getting greedy. As for me, aside from Bitcoin, I would also go for DOT because am sure that soon its price will really rise up. Now, this is not a financial advise nor am I affiliated with Polkadot.
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It might be late for reply but just incase we have similar questions in the coming days, we'll you did not state if you need tokens for short terms or long term so I will give you both alternatives from my insights short term I I will get SNX or TRNX, alittle Link.
For long term Definitely BTC and ETH, right alot of people have doubts
about btc but it will only take two smart head to see the potential in bitcoin doge is also an option
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if you want short or medium term investment it seems like doing stable coin farming on beefy or autofarm as explained bro Jaephoenix seems like a good choice..
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I currently have Cube coins and am planning to buy more before the price really goes up, some blockchain projects are giving a lot of surprises in the crypto market, I am not surprised if you choose Bitcoin, some new coins seem to be worth a look because they have good opportunities for investment long or medium term. (NFA)
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You must invest in strong project. And try to buy the dip. Now the market is extremely down, you must buy some coins. Try to buy BTC, SOL, BNB, Waves and other strong project.
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First, it depends on how long you are planning to hold? If I were you I will choose Ethereum without any second thought for the long term at least half of the Ethereum I would get at the current market rate So I will suggest you check Ethereum.
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First, it depends on how long you are planning to hold? If I were you I will choose Ethereum without any second thought for the long term at least half of the Ethereum I would get at the current market rate So I will suggest you check Ethereum.
Yes, Ethereum has very good long term potential. This coin that is ranked second on Coinmarketcap will be an option too, because I believe it is one of the big coins that can benefit everyone who invests this coin in the long term.
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if you have 500 USD now, I think You should split in several potential coins such as bitcoin, Ethereum, BNB, Solana, Polkadot and polygon matic.
It's god way to do now, Buy and hold.
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Hi there forum. My dad and I decided to see if we could take advantage of the current market dips. We are aiming for a passive investment and possibly passive income type token. I understand basic cryptocurrency theory and also bits and bobs on how Defi works.
Does anyone have any suggestions on what to do with 500 USDT at this time in the market? I know this a vague question and I may be waffling, but I might as well start communicating with others on the forum and get some insights. I was thinking of putting all of my money into a DeFi token but im not so sure.
In summary, I guess what I'm trying to ask is:
What altcoins / tokens are you all watching closely right now? And if you had 500USDT, where would you put that to use?
If you have 500 USDT, I think You should buy bitcoin and hold until 2024.
After bitcoin halving, bitcoin will more expensive and touch ATH again
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Keeping bitcoin for a long time, as practice shows, is a profitable initiative
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Keeping bitcoin for a long time, as practice shows, is a profitable initiative
That's right, with $500 we can buy a little Bitcoin, wait for the Bitcoin price to go down and then go all into BTC.
Hold on for a long time and get big profits in the future.
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I would not advice you to buy up any assets yet for hodling. Its a little bit risky considering no one knows the bottom(though the market is currently looking good with bitcoin on a week high $21700. I usually do DeFi which is risky though. I provide LP tokens for liquidity and get paid. There is an auto-compounding feature
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if you want to start investing decide you want short or long term, if long term choose top 10 coins like eth bnb etc.
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I appreciate your planning to invest 500USDT in altcoins. As we all know the market retraced too much and it's a good time to buy some high-potential coins for the long term. If you ask my advice I will suggest you do some research about Matic, Ada, Algorand, Enjin, Evmos & TRX coins.
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I appreciate your planning to invest 500USDT in altcoins. As we all know the market retraced too much and it's a good time to buy some high-potential coins for the long term. If you ask my advice I will suggest you do some research about Matic, Ada, Algorand, Enjin, Evmos & TRX coins.
The coins that you shared are very potential.
I agree with ADA and Matic as my favourite coins for investment.
Maybe I will buy more If I have 500 USD in free.
Wait the dip
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500 USDT, I think at this moment you can buy BNB and hold it.
BNB is Very potential and has good project team.
it's my favourite coin for hold.
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I have Avalance, there are many altcoins with a supply of under 500 coins, you can choose according to your wish, if you want a long term investment, then you can buy altcoins that already have a market cap of over 1 billion usd, several new blockchains are currently being developed, Hype Web3 and Metaverse are not yet finished, you can choose according to your wish.
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Hi there forum. My dad and I decided to see if we could take advantage of the current market dips. We are aiming for a passive investment and possibly passive income type token. I understand basic cryptocurrency theory and also bits and bobs on how Defi works.
Does anyone have any suggestions on what to do with 500 USDT at this time in the market? I know this a vague question and I may be waffling, but I might as well start communicating with others on the forum and get some insights. I was thinking of putting all of my money into a DeFi token but im not so sure.
In summary, I guess what I'm trying to ask is:
What altcoins / tokens are you all watching closely right now? And if you had 500USDT, where would you put that to use?
If you had 500 USD, I think you can buy BNB or ETH now.
Current market is going down and I think It's bottom.
Buy more and hold altcoins, You will get profit at the coming months.
I'm certainly bullish on BNB especially. Recent news that Binance has overtaken Coinbase in holdings of BTC and lots being built on BSC as well.
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I probably would have bought BnB and your amount would give you about 2 BNB and put them in the Binan Vault, this is what I am actually doing just to hold them there and get additional coins/tokens that my account qualifies for just by Holding BNB in that vault plus might still get additional BNB plus BNB is a good investment for mid or long term.
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500 is a good amount to start investing in cryptocurrency Ensure that this is your free money, not money ex[ected to be multiple time amounts in the future and you are not ready for losing.
Btw, if I have that $500, will invest it in Bitcoin or BNB which are the top cryptocurrencies. Bitcoin is of course very worthy because t may have higher price up again after halving
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If you want stable passive income from your 500$ without worrying about market conditions then I will recommend one link where you can get stable 2.5% daily interest. I had tested this link and it's legit. You don't have to transfer your usdt to this website. You just need to hold your usdt in your wallet and interest will generate automatically and you can withdraw it anytime. This is a legit project. You can check it if you are interested
https://usdt3.co/#/?invite=UE65Z
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If you want to invest. So in my opinion. (Bnb , Eth , bitcoin) You should invest in them. Because due to the huge fall in the market, these downs are going on. You can see profits when it market boom. Most of the people are buying and keeping it hold.
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If you want to invest. So in my opinion. (Bnb , Eth , bitcoin) You should invest in them. Because due to the huge fall in the market, these downs are going on. You can see profits when it market boom. Most of the people are buying and keeping it hold.
This coin is very suitable for a beginner in Cryptocurrency Investment, has a very small risk of loss.
Because even if there is a decline, the three coins will never die and the potential for a higher rise is always there.
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The market seems a little better and I feel this is the right time I appreciate your Dad is taking interest in the cryptos but my Dad says this is gambling but I would say this is a generation gap. I would suggest you invest only in BTC, ETH, and Matic as these three coins are good for long-term investment and you can decide for yourself how much amount you want to invest in any of them but do your due diligence before investing.
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I advised you invest on the following coins like, Ada matic Solana. Ada is a great project that will boost your future earnings, and because $500 is a low volume capital, in think
you should invest on either Ada or matic. Solana is very popular coin but $500 may not be adequate to get some reasonable quantity. As a matter of fact, Solana has the potential to pump great but if you decide to put $500 and for the bull run.
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In this bear market (I assume), holding a coin is pretty risky. Better wait for a big dip and then expect a rebound. After your coin, whatever it might be, goes up, you can then sell it. Repeat this until reaching a bull market.
Anyway, if you really want to hold a coin despite the market, I think ETH is okay since its volatility isn't as high as other altcoins.
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In this bear market (I assume), holding a coin is pretty risky. Better wait for a big dip and then expect a rebound. After your coin, whatever it might be, goes up, you can then sell it. Repeat this until reaching a bull market.
Anyway, if you really want to hold a coin despite the market, I think ETH is okay since its volatility isn't as high as other altcoins.
Yeah, I agree we should buy the dip than hold at bearish.
If we have big fund , maybe hold is better to do.
But For short term, I think I agree with your opinion.
We still can gain the profit.
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For a beginner with a small deposit in a bear market with a complete lack of understanding, the best thing is to invest in yourself.
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Hi there forum. My dad and I decided to see if we could take advantage of the current market dips. We are aiming for a passive investment and possibly passive income type token. I understand basic cryptocurrency theory and also bits and bobs on how Defi works.
Does anyone have any suggestions on what to do with 500 USDT at this time in the market? I know this a vague question and I may be waffling, but I might as well start communicating with others on the forum and get some insights. I was thinking of putting all of my money into a DeFi token but im not so sure.
In summary, I guess what I'm trying to ask is:
What altcoins / tokens are you all watching closely right now? And if you had 500USDT, where would you put that to use?
With that amount, it's better to deposit it in the binance exchange, but always if you don't have an account on the binance platform, make a free signup first, as long as you verify it first so there's no problem. After everything is okay, and your 500$ has been deposited first, it's good to put it in stakes, just buy it if you lock it up for a few months, then after you wait for that period, no matter how you grow, your money is safe.