would you guys invest 10 k in the top 10 coins now- and sell it 1-2 month... ? i want to invest money - because i think the value of the coins will increase - transfering and sending coins from A to B will be in 5-7 years as normal as sending a whats app message .. or what do you guys think.
Thx you very much for that awesom post ! i give you a follow and a upvote sir !
Hi @enjoy-lifestyle,
I see so many of these I have X and want to invest in something. Ask yourself honestly why do you want to invest now? Is it because you see everything up and don't want to miss out? Or do you honestly believe in the tech, the teams, the roadmaps, the communities, etc, etc
First you have two timelines - you only want to invest for 1-2 months but believe in the long run of 5-7 years. These seem contradictory. Personally, I would never invest anything for a day that I wouldn't be prepared to hold for 2-3 years.
Secondly, a shorter time span between buy and sells is much more riskier than over a long term. This is true for any asset class - shares, bonds, and especially crypto. Check the history of coin you are thinking of investing and see how it has performed in the past 3 months for a 1-month time window vs the same coin over a 12-month time window. Are you prepared to take the risk?
I would recommend, spending some time, doing your research and only investing what you can afford to lose (be that in 1-2 months or 5-7 years). Think if you lost this 10k tomorrow, would you be OK with it or will you need that money? There are no "sure-things" in crypto.
Hope this helps and gives you some thing to consider before jumping in,
Cheers
P.S. I'm not a financial adviser and this in no way constitutes investment advice.
if you are convinced it will go further up than you should invest in it.
i personally wouldnt do so - simple seeing the moves i think its unlikely that it will keep going up like it did lately - but its just my 2 cents.
at the end its your money and you have to take the risk
Thx Buddy !
I give u a follow !
See u soon