I have $230, 000 to invest which I plan to invest in crypto in October around the end of the bear market.
At first I planned to invest everything into BTC, I think the lowest price we can get and I’m optimistic is $40K at the end of this bear market. But, even If I invest all of my money I do not expect it to go past $200k at the end of the next bull run which means I would not exeed $700k.
What crypto would you buy beside BTC to stretch the benefits to $800K and reach 1M ?
I planning to buy SPOT only and hold for 3 years until the top of the next bull market. I think we’re going to keep following the 4 years cycle.
Posted by hustleeveryday247
10 Comments
This is a very stupid idea.
Good luck.
Sounds like a terrible plan. I suspect you likely came into this money, because few people that earned that much money would be so stupid.
I would sink all $230k into fart coin.
Only BTC
If you’re that confident bitcoin will go to $40k, why don’t you short it to $50k and then use the profits to buy bitcoin and wait for the bull run to $200k? That is if you truly believe what you’re saying to be true
After losing over $80K I don’t trust bitcoin at all. Too many scammers.
Buy Bitcoin spot and forget!
Bro…
Maybe buy 1 bitcoin over the space of the next few months not all at once.
Use the rest of the money for literally anything else. Like even hookers and blow. You are talking about this casino as if its set in stone.
If you want my opinion, i shall give it
If you are betting on btc
I disagree with your 40k prediction
I would buy it right now.
If you think it is still falling, buy each month
I would not be betting on anything else. There are too many variables in other coins for my liking
It could go better than you expect over the next 3 years or worse,.you may end up with a mill or 100k
If you’re happy and can live with that, go for it.
When its near the top buy PAXG and XMR might give you a good chance. Both might benefit from volatility / liquidity rotation at market highs. PAXG as flight to safety. XMR is squeezed by demand for privacy preserving exit. Look at what happened last time as an example, although its not certain to work the same again obviously.
Also staking for PoS chains might outperform if there is more demand for smart contract execution. But invest across the board if you don’t know which one will succeed, like an index fund does with stocks.
These are some of my strategies anyway that you might find interesting… I’m sorry that everyone just want to shit on your post. So many parrots pretending to be conservative jumping on the ‘investor’ bandwagon without a contrarian bone in their body. It makes me sad.