>be poorfag >only have $1200 to invest in crypto >have no time/patience for daytrading; only want/can afford to long-term hodl >want to somehow turn that $1200 into at least $200,000 long-term (2 to 4 years) >basically want to gamble on stumbling upon another major moon mission similar to that of early BTC (or ETH/XMR), as an early adopter >plan on throwing $100 each into 12 promising coins after doing heavy personal research about their long-term potential to moon
Is this plan completely pointless/stupid for some reason I'm not seeing, or is there a somewhat-reasonable chance it may work (even if it's unlikely)?
Am I overdiversified even by long-term-hodl standards?
Should I do $200 each for six cryptos (really don't want to invest more per crypto than this, desu)? $300 each for four cryptos? $400 for three? $600 for two?
Jaxson Sanchez
> be poorfag > diversify your money across 12 different coins You will never make it. Just look at the blockfolio threads where there are poor people with $500 spreading it across 6 different coins. You are poor and have no education, so you make poor people decisions. saged
Daniel Hernandez
$1200 for one. Go big or go home
Evan Lewis
>You are poor and have no education, so you make poor people decisions.
I'm poor with a high-school-level education......which means I'm at least smart enough to consult with more knowledgeable people before making a decision
Aiden Ross
>long-term 2-5 yrs.
Jordan Scott
1.Get 1-2 coins and put your $1,200 there 2. You will need more capital to ever get $200,000 3. Do not chase moon missions 4. DYOR & Learn basic TA
Carter Brooks
>be poor >not going for broke in one coin
Alright faggot, stay poor then.
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Kevin Stewart
>Learn basic TA
Pay no attention to that voodoo.
Hudson Hernandez
>2. You will need more capital to ever get $200,000 But if I had thrown $200 into Dash in early 2014 when they were less than $1 each, I could have been in the $200K range when it hit its peak a month ago I know catching another one of those trains is unlikely but that's basically what I want to do
Oliver Ramirez
>a deadset retard trying to get rich with no work at all
yeah you arent going to make it
Carson Garcia
You realize you just described 95% of people on here, right?
Xavier Russell
>long term >2-4 years
u fucking crypto neets make me sick.
Im 28 and started investing in 2010, with 20k(and 20k margin) i saved up delivering pizzas, cuz i dropped out of college with a criminal record. My 20k capital investment is now 110k, and recently i dumped 10k into crypto with the start of the new year. That 10k is now 8k, and i plan on holding for at least 5 years min.
Heres whats gnna happen to u nigger. Ur gnna put 1200 in, a few days will go by and ul see some baby bitch 20-30% gains, then ull lose them all and panic sell, and quit.
Dylan Barnes
And the other five percent put a lot of thought and effort into this thing. And make money doing it. Most of Veeky Forums just fucks around and makes little to no money. Many lose money.
Colton Butler
if you didnt go all in on link you deserve to stay poor
Jace Fisher
link
Wyatt Baker
Get a KuCoin account, buy Flixxo - double your money in a week(thank me later). Then sell half your stack, chuck it into something else juicy.
Oldfags, DYOR amd you'll see the potential and utility on this one. 25m mcap.
Isaac Clark
>be OP >be faggot and don't lurk first sage kys
Charles Howard
Don't listen to the criticism on here.
Put your $1,200 across 3 coins ($400 in each coin) absolutely do do your own research and hold for 1-2 years then re-distribute your portfolio.
Caleb Davis
>And the other five percent put a lot of thought and effort into this thing.
Notice I'm not even asking for crypto suggestions because I plan on doing my own research (and I mean real research into the coin's whitepaper, roadmap, the team behind it, etc., not just "Veeky Forums likes it so I like it")
Doesn't that qualify as work/effort?
I would love to throw $1000 each into a coin but that's just not reasonable right now. Although this thread has me thinking to re-invest the first couple thousand that I make, so there's that
Charles Reed
Paccoin
Kevin Nguyen
>Put your $1,200 across 3 coins ($400 in each coin) absolutely do do your own research and hold for 1-2 years then re-distribute your portfolio.
This seems more reasonable (although I prefer to go $300 for 4 coins if anything)
Caleb Martinez
Fuck diversifying chump change If I were in your shoes I'd do a 50/50 split on APPC and ETH. I wouldn't touch the ETH and sell APPC in favor of other alts over time.
Parker Lopez
Simple. You must choose two maximum three with that sort of money.
Henry Wood
just put $1 into every coin, one of them is bound to gain 20000000%
Ethan Hall
>telling someone to learn the basics >retarded
Kevin James
PRL
Thank me later
Anthony Anderson
GVT genesis vision for a long term hold. google the ceo founded st petersburg stock exchange(1.7 trillion). Charlie Shrem also on board
Nathaniel Morris
while all you crypto cucks descend to earth us gold holding chads have seen a 400% increase today, thanks lads