Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Private profiles - please note that profiles marked as private will soon be public. This will facilitate moderation so mods can view users' warning histories. All of your posts across the site will appear on your profile page (including PI, RI). Groups posts will remain private except to users who have access to the same Groups as you. Thread here
Some important site news, please read here. Thanks!

€2000 for speculative purchase

  • 01-12-2017 5:38am
    #1
    Registered Users Posts: 481 ✭✭ cherrytaz
    Registered User


    Hi all

    I already have BTC and ETH and don't wish to put in anymore at this time. I do however have €2000 that I'd like to spend on some of the other coins. This is purely speculative, high risk and is cash I am willing to lose.

    Looking into maybe a 3/4 way split with possibly Litecoin, Ripple, Monero. Any suggestions for the best use of this €2000 in cyrptos?

    Cheers


Comments

  • Registered Users Posts: 6,026 ✭✭✭ grindle
    Registered User


    Ripple is one of those coins that will take time to build up, it just needs adoption by banks. Eventually we'll hear news about how it's taking a percentage of transfers from Swift and that a large amount of those transfers are saving money by using XRP, then it'll rocket each time one of those announcements happen - but you have to be okay with waiting until that happens.

    Monero and IOTA are relatively safe picks. I'll keep buying Monero while it's under $500 (whilst keeping in mind that it's the most likely to have you audited or investigated if you buy a lot of it from an exchange with KYC) and IOTA while it's under $4.

    I'd go 50% Monero, 40% IOTA and put the last 10% into some moonshot coin where I see 5-10x as an absolute minimum within 6 months. Most ICOs with big names involved have crazy initial caps that need you to believe they'll become 500m-1b to make sense in investing (looking at you if your ICO sells out, NAGA!)

    The growth of the whole market could render tying money into a small-time alt like that fairly useless - Monero or IOTA could easily 5x in that time, but that's the risk you take for something that might 10x or more.

    That moonshot coin really has to be found by you as anybody recommending one of those is going to come across as the shilliest shill this side of Shillbyville.

    Assess the developers, the business model and the use of the token. If there's even a slight maybe about one of those don't bother unless you want to get into trying to trade your way out of a possible mess.


  • Registered Users Posts: 2,951 ✭✭✭ McCrack
    Registered User


    Im optimistic for Red Pulse (RPX) - it has get to hit the main exchanges

    Currently selling at just under 4 cent on Kucoin


  • Registered Users Posts: 2,880 ✭✭✭ KilOit
    Registered User


    Wouldn't consider high risk coins that are in the billions already
    My high risk coins are ENG, REQ and OCL,, made good money on ENG already after bittrex listing, OCL has a tiny mc with little trading volumn but if it ever gets a good exchange it'll rocket. All coins have decent devs that update the community a lot. 100€ on each of them during dips so no biggie if they flop


  • Registered Users Posts: 2,181 ✭✭✭ jobless
    Registered User


    my 2 cent....

    lisk.... priced around 7 dollars now.... its high was 11 but dropped back down when they pushed out the date of rebranding til feb.... i fully expect it to reach this price and beyond in 2018... they have a large amount of funding from their ICO and a growing development team.

    powerledger..... a low price at the moment but looks to have a good future if they stick to the timeline they have.... backed by the Aussie government with a grant of 8million


  • Registered Users Posts: 822 ✭✭✭ SkySter
    Registered User


    jobless wrote: »
    my 2 cent....

    lisk.... priced around 7 dollars now.... its high was 11 but dropped back down when they pushed out the date of rebranding til feb.... i fully expect it to reach this price and beyond in 2018... they have a large amount of funding from their ICO and a growing development team.

    powerledger..... a low price at the moment but looks to have a good future if they stick to the timeline they have.... backed by the Aussie government with a grant of 8million

    +1 on Lisk. Definitely one to keep and eye on.

    NEO is also very cheap at the moment.


  • Advertisement
  • Registered Users Posts: 2,072 ✭✭✭ ZeroThreat
    Registered User


    SkySter wrote: »
    +1 on Lisk. Definitely one to keep and eye on.

    NEO is also very cheap at the moment.

    Mainly due to the Chicom party...


  • Registered Users Posts: 4,310 ✭✭✭ jon1981
    Registered User


    Out of interest, where are you guys hearing about all these coins? Hours of dedicated research or is there some useful notifications I should be signing up to?


  • Registered Users Posts: 295 ✭✭ annie.t
    Registered User


    For small investment of couple of hundred might want to check out SNC. This still has very very small market cap so be prepare to loose money as usuall


  • Registered Users Posts: 2,181 ✭✭✭ jobless
    Registered User


    jon1981 wrote: »
    Out of interest, where are you guys hearing about all these coins? Hours of dedicated research or is there some useful notifications I should be signing up to?

    youtube/reddit and then some investigation myself.... at the end of the day its a complete lottery with most of them....

    I like lisk long term because they seem to be trying to do things the right way... very transparent with youtube meetups, hiring actual branding companies whove worked with other big name companies... who knows what the future holds thought....

    ripio credit network is another ive my eye on at a very low price...


  • Registered Users Posts: 481 ✭✭ cherrytaz
    Registered User


    Thanks all for the advice . Some background reading to be done before investing. One of my biggest worries is the use of wallets. I have previously got hacked on bittrex (partly my own fault). I now store my eth and btc on jaxx until my nano s arrives hopefully next week. It doesn't currently support all of the above coins so will need to manage that accordingly.


  • Advertisement
  • Registered Users Posts: 481 ✭✭ cherrytaz
    Registered User


    McCrack wrote: »
    Im optimistic for Red Pulse (RPX) - it has get to hit the main exchanges

    Currently selling at just under 4 cent on Kucoin
    Out of curiosity, what wallet are you uding for this? I see it is a product of neo but doesn't seem to be supported by nano s yet


  • Closed Accounts Posts: 657 Shauny2010


    cherrytaz wrote: »
    Hi all

    I already have BTC and ETH and don't wish to put in anymore at this time. I do however have €2000 that I'd like to spend on some of the other coins. This is purely speculative, high risk and is cash I am willing to lose.

    Looking into maybe a 3/4 way split with possibly Litecoin, Ripple, Monero. Any suggestions for the best use of this €2000 in cyrptos?

    Cheers

    Why not buy a GPU mining rig instead. One of these link


  • Registered Users Posts: 25,644 ✭✭✭✭ GreeBo
    Registered User


    Shauny2010 wrote: »
    Why not buy a GPU mining rig instead. One of these link

    Interesting approach alright, but I'd want an idea of the noise and running costs involved before I dropped €2K on it.
    2000W PSU's are going to eat a lot of electricity running 24/7

    Though this time of year would be an extra heating source :D


  • Closed Accounts Posts: 657 Shauny2010


    GreeBo wrote: »

    Though this time of year would be an extra heating source :D

    Exactly :D


Advertisement