Have 5k to invest in Cryptocurrency

Trixxxx

hey guys
currently have 5 k set aside for investment in Crptocurrency , what are my options here ?

Evd-Burner

Right now is a good time to invest as there has been a dip.

As a long term crypto investment I would put 20-30% of your funds into Tron. Over the next 2-4 years it should do well if they stick to their plan and market correctly.

Trixxxx

where is the best place to buy from ireland with a stockbroker?

Evd-Burner

https://www.kraken.com is popular and allows you to send euros to it. But it is limited to what you can buy, a lot of people would buy say etherium in kraken and then transfer to binance.com and buy other alt coins.

Dohnjoe

Trixxxx wrote: »

hey guys
currently have 5 k set aside for investment in Crptocurrency , what are my options here ?

The usual advice is to follow 2 steps

1. Sign up to a fiat exchange, where you will use cash to buy Ethereum or Bitcoin, examples of fiat exchanges are Coinbase and Kraken

2. Sign up to a large exchange where you can use your Ethereum or Bitcoin to buy the coins you want

As to what coins to buy, everyone will give different advice. Some will shill coins they hold, others will promise that X coin is about to take off.

The best is to start researching yourself, Youtube and Google

Traditional coins, e.g. Bitcoin, Litecoin
Ethereum
Platform coins, e.g. Neo, Ark
Banking coins, e.g. Ripple
Chain coins, e.g. Vechain, Walton
Exchange coins, e.g. Binance, Huobi

fergie223

Good time to get int. I would go -

1k EOS
1K ENJ
1K ZIL
1K ETH
1K POLY OR ELEC

Jcarver

Trixxxx wrote: »

hey guys
currently have 5 k set aside for investment in Crptocurrency , what are my options here ?

I would just put it all in C20 - https://crypto20.com/en/
It is a weighted index fund of the top 20 coins with a weekly rebalance.

This way you can just sit back and forget about them as it manages itself. This is what I did

Bibox exchange is your best option to buy them.

Shauny2010

.

Dades

Evd-Burner wrote: »

Right now is a good time to invest as there has been a dip.

OR the curtain has been pulled back and the market will never see the same investment again, and prices are never going to recover. Calling a dip doesn't mean another bigger 'dip" isn't around the corner.

Evd-Burner wrote: »

As a long term crypto investment I would put 20-30% of your funds into Tron. Over the next 2-4 years it should do well if they stick to their plan and market correctly.

A stranger on the internet has adviced you to invest over a grand into TRX. Someone might as well had suggested you put a grand on Brazil to win the world cup. Crypto is a gamble, not an investment. If it goes wrong, you won't lose 5% you'll lose half it, or all if it's an ICO.

By all means, take a punt. But recognise it for what it is. A coin toss, not Apple stock.

sabat

The best place to keep your 5k right now is in a deposit account and wait for the impending stock market crash when lots of good companies will have their share price dragged down below true value. Spend the summer doing research and forget about this crypto sh1te.

el diablo

Evd-Burner wrote: »

Right now is a good time to invest as there has been a dip.

As a long term crypto investment I would put 20-30% of your funds into Tron. Over the next 2-4 years it should do well if they stick to their plan and market correctly.

That is extremely poor advice. Tron more than likely won't exist in 2-4 years time.

garrettod

Trixxxx wrote: »

hey guys
currently have 5 k set aside for investment in Crptocurrency , what are my options here ?

Hi,

First things first, how about a little more information so that we all know where you are coming from:

- are you prepared to risk losing say 50% of your €5k, in return for the possibility of making significant profits ?

- how long do you want to invest your money for ?

- Will it be a problem for you, if you can't get your cash back out at a precise point in time in the future (or are you flexible on when you might cash out) ?

- do you have other types of investments, so that this €5k only represents a relatively modest part of your overall investments ?

- do you have any borrowings that cost more than a typical homeloan rate ?

RoboRat

I'm fairly new to this but I have been watching for around 2 years and was initially put off by how complicated it was to start - although it's a lot easier now and I was also put off by the entire cold wallet/ digital wallet etc. I Purchased a Ledger Nano S and store most of my currency on that.

I purchase Bitcoin/ Ether through Coinbase as I can do that with my debit card so it's simple.

I then transfer to Binance to buy stocks that aren't available on Coinbase and transfer these to my ledger.

I did quite a bit of research and I am only using money that I can stand to lose and I am in it for the long run. My background is in marketing and I have 20 years in that so I tend to see past the snake oil and I am looking for 3 things, (1) what benefits the currency offers (2) the team behind it and (3) the potential for growth.

I have segregated my investments into 3 tiers, Tier A being the established or something which I see has great technical application - I have chosen Bitcoin 40% and Ether 60%

Tier B, I feel is good technology, good team and/or good marketing and a reasonable price so the possibility for growth. I have 50% Ripple and 50% NEO

Tier C, this is more speculative and based off a gut feeling but also research and these would be the currencies with larger growth possibilities. I have MIOTA 50%, Cardano 35% and Tron 15%. These are the markets that I watch the most as I would be more inclined to make a call and move from these if the price was right as I am not as confident in these, yet.

I have also set a goal as to what I feel will be a good return and if I hit that number, I will make a call as to cash out, partial cash out or hold longer but this will be dependent on the market - it all depends on whether the technology is being adopted but my feeling is that it will be.

I think that everyone should have an exit strategy, it's good practice as long as you wont be retrospective if the prices go up. The entire point of this strategy is that you walk away happy and understand that it could go either way so there is no point in thinking if you held out, you could have made more because it may go the other way - I did this with my house in 2016, if I held out I could have made €30k - €50k more but I could also have lost this due to Brexit/ Trump etc... nobody has a crystal ball.

As I said, I'm new to this so take it or leave it and I know that more experienced investors may have a different take on this and I full respect their methodologies.

august12

RoboRat wrote:

I purchase Bitcoin/ Ether through Coinbase as I can do that with my debit card so it's simple.

Better off transferring money from a Revolut account to coinbase, no fees, then transfer euro from coinbase to Gdax, no fees here either as one and same company, then do limit purchases, no fees here and then transfer ether to Binance to purchase whatever you are interested in, buy one or two bnb coins and set fees to be paid from bnb, this halves your fees,

Pintman Paddy Losty

Take your 5 grand and cash it in to 20c coins. Head to the arcades in Bettystown and keep feeding them in to that game where you drop the coin in and then the drawer goes back and forth and the aim is to dislodge other coins.

You will probably lose your money but at least it will be entertaining and will last quite a while.

ZeroThreat

sabat wrote: »

The best place to keep your 5k right now is in a deposit account and wait for the impending stock market crash when lots of good companies will have their share price dragged down below true value. Spend the summer doing research and forget about this crypto sh1te.

Best advice here.

el diablo

ZeroThreat wrote: »

Best advice here.

I'm detecting a hint of bitterness. Didn't you get into the crypto markets near their all time high and then sell your holdings at a loss?

Arrival

Ethereum, Omisego, Bitcoin and if you want a bit of a punt put some into BAT. Do not trade. Do your research and decide how much to put into each of these for your portfolio and HOLD LONG TERM - I'm talking an absolute MINIMUM three years here, no matter what dips and crashes may occur just do not sell. The next halvening for Bitcoin is in two years, you WILL wish to be holding some at least some Bitcoin during this.

Go ahead and disregard the opinions of any of the fools saying to "ignore this crypto ****e", they're ignorant and most likely old and out of touch - they will be on the wrong side of history for this.

Evd-Burner wrote: »

Right now is a good time to invest as there has been a dip.

As a long term crypto investment I would put 20-30% of your funds into Tron. Over the next 2-4 years it should do well if they stick to their plan and market correctly.

NOPE

sabat wrote: »

The best place to keep your 5k right now is in a deposit account and wait for the impending stock market crash when lots of good companies will have their share price dragged down below true value. Spend the summer doing research and forget about this crypto sh1te.

He didn't ask this though, did he? Useless post. Do you see the forum you're posting in? That €5k may be pittance to him and he could be looking to simply play around with it and so he's looking for advice from people actually aware about this industry. Back to reading your broadsheets

JohnnyFlash

Arrival wrote: »

Ethereum, Omisego, Bitcoin and if you want a bit of a punt put some into BAT. Do not trade. Do your research and decide how much to put into each of these for your portfolio. Go ahead and disregard the opinions of any of the fools saying to "ignore this crypto ****e", they're ignorant and most likely old and out of touch - they will be on the wrong side of history for this.



NOPE

TRON. My favourite shîtcoin.

Arrival

JohnnyFlash wrote: »

TRON. My favourite shîtcoin.

****ing dangerous advice and within one of the first few posts in the thread. Classic. No wonder we've so many bitter people around cryptocurrencies

rapul

Good input Johnny no doubt your on the port again ay? How many times have you been shot down now? Fair dues to Makeorbrake I wouldn't have the patience to reply the same ****e over and over again to you ,your in a league of your own and I dont mean in any good way at all. How can you expect anyone to care about anything you post when every coin is what is it you say a '****coin' ,grow up Johnny and lay off the sauce.

Pintman Paddy Losty

rapul wrote: »

Good input Johnny no doubt your on the port again ay? How many times have you been shot down now? Fair dues to Makeorbrake I wouldn't have the patience to reply the same ****e over and over again to you ,your in a league of your own and I dont mean in any good way at all. How can you expect anyone to care about anything you post when every coin is what is it you say a '****coin' ,grow up Johnny and lay off the sauce.

Do you think TRON valuation is deserved?

rapul

No I do not but posting up what this Johnny lad is is absolutely pointless.

My favourite sh!tcoin come on like that's just great input

JohnnyFlash

rapul wrote: »

No I do not but posting up what this Johnny lad is is absolutely pointless.

My favourite sh!tcoin come on like that's just great input

It’s a scam coin (well they all are, but this one is extremely obvious). Telling someone to invest money in it is really shîtty advice. It’s the financial equivalent of recommending homeopathy for a serious head injury.

rapul

You've said all this before and more ,look we are well off topic apologies OP ,there is some sound advice posted back the way .
Bitcoin and Ethereum are quite safe and for the long haul but I also think Neo is a great one for the future

JaMarcus

An important factor is that if you invest in Crypto, you'll inevitable get drawn into the world of Cryptocurrency "discussion" which has very rapidly become one of the most toxic, poisonous topics on the internet.

It's 50% memes, 20% shilling coins you own, 20% trolling coins you don't own, and 10% news that is not news at all ("Oh wow, my coin just partnered with a family run doughnut shop in Gdansk. Can't wait to see the price go through the roof now!")

I regret investing in Crypto not because of the losses I've made to date (I didn't gamble what I couldn't afford to lose, same as if I walked into a bookies) but the countless hours I spent checking prices and being present to watch various related sub-reddits turn into cesspools. And this forum isn't too far behind, unfortunately.

Now, I might remember to check the price once a week but I've all but written off my "investment".

garrettod

Hi,

At this stage, I'm wondering if we'll ever see the original poster post in this thread again, not alone ever see him / her invest in Cryptos !

There's been some crazy stuff posted in here by people who probably should know better (and if they don't, then probably shouldn't be investing themselves, not alone trying to advise others as to where to invest etc.).

The way this thread has deteriorated, just undermines the potential benefit of having an actual forum for discussing Cryptos here on Boards.

Whelo79

Arrival wrote: »

****ing dangerous advice and within one of the first few posts in the thread. Classic. No wonder we've so many bitter people around cryptocurrencies

I haven't ever seen you post on the crypto forum yourself. Care to explain what is the concern with Tron?

Dades

Arrival wrote: »

He didn't ask this though, did he? Useless post. Do you see the forum you're posting in? That €5k may be pittance to him and he could be looking to simply play around with it and so he's looking for advice from people actually aware about this industry. Back to reading your broadsheets

Or he could be a punter whose mate told him about the new lambo he bought investing in bitcoin - in which case some words of warning that crypto will as likely screw you as make you money is warranted.

We don't know, so better someone didn't gamble 5k without having their eyes opened somewhat.

JohnnyFlash

https://thenextweb.com/hardfork/2018/01/15/cryptocurrency-startup-tron-disaster/

That’s a good start. Justin Lee is a scam artist, a lier, and a cheat, and he has made millions from hyping his coin to naive investors’ while he sold his stack for loads of real proper money.

There’s a main net release at the end of the month. Could be the source of some ‘megalols’.

https://medium.com/@DAR_crypto/trx-we-found-new-instances-of-code-copy-without-attribution-but-these-pale-in-comparison-to-the-305aff860f8b

The tron code (in so far as it exists) is a steaming pile of shîte. Worse than EOS, and we all know how that folded out.

Buying tron is one of the worst ways in the world to spend your money. Don’t do it. The only people who recommend you do so are those who bought it during the hysteria and mania phase, and now want to minimise their loss by offloading it to people like you. The greater fool theory is what it’s called.

august12

JohnnyFlash wrote:

Buying tron is one of the worst ways in the world to spend your money. Don’t do it. The only people who recommend you do so are those who bought it during the hysteria and mania phase, and now want to minimise their loss by offloading it to people like you. The greater fool theory is what it’s called.

I would have to agree with this, also bought Tron believing i might make some profit, but when I transferred it to Tron website wallet and it doubled my holding, I knew there was something not legitimate, sold off all. Am invested in other coins, but not sure how these will develop, but am in no hurry, can wait a few years, GVT is my main holding at this point,

Whelo79

JohnnyFlash wrote: »

https://thenextweb.com/hardfork/2018/01/15/cryptocurrency-startup-tron-disaster/

That’s a good start. Justin Lee is a scam artist, a lier, and a cheat, and he has made millions from hyping his coin to naive investors’ while he sold his stack for loads of real proper money.

There’s a main net release at the end of the month. Could be the source of some ‘megalols’.

https://medium.com/@DAR_crypto/trx-we-found-new-instances-of-code-copy-without-attribution-but-these-pale-in-comparison-to-the-305aff860f8b

The tron code (in so far as it exists) is a steaming pile of shîte. Worse than EOS, and we all know how that folded out.

Buying tron is one of the worst ways in the world to spend your money. Don’t do it. The only people who recommend you do so are those who bought it during the hysteria and mania phase, and now want to minimise their loss by offloading it to people like you. The greater fool theory is what it’s called.

You are quoting stuff that is months old and had been answered and explained numerous times. At least your are keeping to form, you do the same constantly when talking about Bitcoin, PoW etc etc.

The second article makes no mention of their code being 'a steaming pile of ****e' or ' worse than EOS' as you put it. It simply says it is a copy of EtheriumJ. Seeing as Tron is an ERC20 token why would this surprise anyone? Anything I have read from people who have been monitoring Tron's GitHub activity had been very positive. Tron even have a $10m bug bounty on offer for people to try and hack their MainNet. They have actively been rewarding people who have contributed to their code for months now.

Do you just look for all negative aspects of crypto and regurgitate then here? Do you ever research positive aspects to the tech?

Dohnjoe

august12 wrote: »

I would have to agree with this, also bought Tron believing i might make some profit, but when I transferred it to Tron website wallet and it doubled my holding, I knew there was something not legitimate, sold off all. Am invested in other coins, but not sure how these will develop, but am in no hurry, can wait a few years, GVT is my main holding at this point,

Sorry to hijack this thread, but I recently read about this, what attracted you to GVT?

JohnnyFlash

Whelo79 wrote: »

You are quoting stuff that is months old and had been answered and explained numerous times. At least your are keeping to form, you do the same constantly when talking about Bitcoin, PoW etc etc.

The second article makes no mention of their code being 'a steaming pile of ****e' or ' worse than EOS' as you put it. It simply says it is a copy of EtheriumJ. Seeing as Tron is an ERC20 token why would this surprise anyone? Anything I have read from people who have been monitoring Tron's GitHub activity had been very positive. Tron even have a $10m bug bounty on offer for people to try and hack their MainNet. They have actively been rewarding people who have contributed to their code for months now.

Do you just look for all negative aspects of crypto and regurgitate then here? Do you ever research positive aspects to the tech?

The first article is a record of things that had happened up until Jan of this year. Nothing can change the past, so the points remain completely valid - lies, plagiarism, hype.

The second article is very recent, and is an independent review of the tron code. It’s a steaming pile of runny shîte. Now so was EOS, and they had a valuation of 12 billion, so things like centralisation and gaping security bugs don’t appear to make any difference. No one actually uses these things for anything productive in reality.

I’ve become rather knowledgeable about this space. You’re right; I see not a single workable, scalable, secure, and decentralised crypto token. None. The jury is still out on blockchain as a tech, but I’d imagine companies that do find a usecase would use something like hyperledger, rather than a coin created by a Chinese scam artist. Just my hunch like.

Whelo79

JohnnyFlash wrote: »

The first article is a record of things that had happened up until Jan of this year. Nothing can change the past, so the points remain completely valid - lies, plagiarism, hype.

The second article is very recent, and is an independent review of the tron code. It’s a steaming pile of runny shîte. Now so was EOS, and they had a valuation of 12 billion, so things like centralisation and gaping security bugs don’t appear to make any difference. No one actually uses these things for anything productive in reality.

I’ve become rather knowledgeable about this space. You’re right; I see not a single workable, scalable, secure, and decentralised crypto token. None. The jury is still out on blockchain as a tech, but I’d imagine companies that do find a usecase would use something like hyperledger, rather than a coin created by a Chinese scam artist. Just my hunch like.

You don't have one valid opinion of your own. You read stuff you find on reddit and regurgitate it here.

You don't answer questions put to you after you come on here with your regurgitated nonsense. You give yourself no credibility whatsoever.

I would compare you to Chicken Little, running around the farm yard telling everyone who will listen that the sky is falling.

august12

Dohnjoe wrote:

Sorry to hijack this thread, but I recently read about this, what attracted you to GVT?

The potential to earn extra money while investing in a manager, have you researched it, Geneis Vision team has a demo site up and running at present, you are given 100 demo tokens to invest to different managers, it is becoming more professional as the site is developed based on user feedback, I am accumulating for the last few months with the intention of investing maybe 25% of my holding to manager tokens once it goes live, join the telegram chat for more info, at present they are working on joining the exchanges so one can purchase crypto, Binance on board at present, it's called Genesis markets,

Benscc

el diablo wrote: »

That is extremely poor advice. Tron more than likely won't exist in 2-4 years time.

Agreed, Tron is a s$$t coin. It will die a death in time - people will start to see through the founder's bull.

Avoid anything that is a vacuous hype project - sadly that's a lot of projects, but with good research you can find worthwhile investments.

Pick some ICO's that have an MVP or solid team who you think will deliver / has a track record.

I like product based investments, thinks in payments or finance that could get a large user base have a good potential to yield returns in medium short term.

Even after the meteoric rise and fall end of last year and start of this I am still up in my portfolio of 8 projects.

10000maniacs

Don't do it. You missed the boat by at least 2 years.

nxbyveromdwjpg

10000maniacs wrote: »

Don't do it. You missed the boat by at least 2 years.

You could say that every year

Its a pretty good time to go in I'd say, but set low bids - wont be surprised to see a further drop and a lot of sideways before any real action again.

Whelo79

Benscc wrote: »

Agreed, Tron is a s$$t coin. It will die a death in time - people will start to see through the founder's bull.

Avoid anything that is a vacuous hype project - sadly that's a lot of projects, but with good research you can find worthwhile investments.

Pick some ICO's that have an MVP or solid team who you think will deliver / has a track record.

I like product based investments, thinks in payments or finance that could get a large user base have a good potential to yield returns in medium short term.

Even after the meteoric rise and fall end of last year and start of this I am still up in my portfolio of 8 projects.

Welcome to the forum. Did you join up just to bash Tron? Another factless poster on spouting nonsense.

Tron currently have over 100 developers, multiple international offices, a MainNet launching in 3 days, a bug bounty of $10m on offer for people to hack their code and highlight vulnerabilities, have met or exceeded every deadline they have set to date.

But oh no, Justin Sun tweets too much and they plagarised some white paper on their English translated version, must be a **** coin obviously.

JohnnyFlash

In fairness, Tron would have been sound advice when it came to investing dirty fiat into crypto. It's only down 12.17%. One of the best performers in the top 20. Can't wait for this main net launch. Gonna change the world.

grindle

JohnnyFlash wrote: »

In fairness, Tron would have been sound advice when it came to investing dirty fiat into crypto. It's only down 12.17%. One of the best performers in the top 20. Can't wait for this main net launch. Gonna change the world.

I also dislike TRON but you can't say it's down 12.17%. it's up 4000% from launch.

Well done to ICO buyers as a gamble, it's as good as any would ever get to cash in after an 80% market crash.

JohnnyFlash

grindle wrote: »

I also dislike TRON but you can't say it's down 12.17%. it's up 4000% from launch.

Well done to ICO buyers as a gamble, it's as good as any would ever get to cash in after an 80% market crash.

Not trying to piss on your parade here Grindle, but this thread is only from this week. Asking about how to invest in crypto. So no airdrops, ico's, roadmaps, fake partnerships etc available. If the OP had taken the advice of any crypto advocate around here then he'd be left with 3987 euro at best for his 5k investment.



If this was in the main Investments forum then that would be the equivalent of suggesting someone invest in penny stocks or CFD's. Wildly speculative and dangerous. Murky sort of stuff.



I genuinely have nothing against you, or most of the posters around here. You're a nice lad, and very passionate about this area. This is gambling though. Not investment. And the house wins.

JJJJNR

Put your money into gold now, cryptos are not a safe bet for your 5k.

el diablo

JJJJNR wrote: »

Put your money into gold now, cryptos are not a safe bet for your 5k.

Gold price can barely keep up with inflation nowadays due to many decades of price suppression and manipulation. Crypto markets have more potential to grow than precious metals.

JJJJNR

potential is a word for crypto's alright, bitcoin dropped 500 dollars yesterday, I dont see any youtube advertising mentioning that. Anyone investing anything but small amounts into crypto now would need their head examined. Its been going one way and thats down.

Book a flight to Hawaii and throw your money into the lava, at least then you'll see it going up in smoke.

JJJJNR

Benscc wrote: »

get a large user base have a good potential to yield returns in medium short term.

Even after the meteoric rise and fall end of last year and start of this I am still up in my portfolio of 8 projects.

So what are your eight projects, whats the big secret..

el diablo

JJJJNR wrote: »

potential is a word for crypto's alright, bitcoin dropped 500 dollars yesterday, I dont see any youtube advertising mentioning that. Anyone investing anything but small amounts into crypto now would need their head examined. Its been going one way and thats down.

Book a flight to Hawaii and throw your money into the lava, at least then you'll see it going up in smoke.

Zoom out. Bitcoin is up 127% in the last year and 850% in the last two years. Are you another one of those who got into crypto when it was at an all time high? :cool:

JJJJNR

It might be up from past high's, which were down to external factors, which dont exist anymore, its teetering on 5k, and has hit 5013 today, thats the lowest point in the bear run so far and the charts are pointing in one direction.

Dohnjoe

JJJJNR wrote: »

Its been going one way and thats down.

That's because there was a ridiculous high, followed by another ridiculous peak 6 months later. This is the fallout from that. The hangover. Market confidence is low or next to zero. All the usual people come out and declare that crypto is dead, finished. And indeed it could be. But we've had so many points like this in the last 7 years, some deeper and far longer. Historically, the best time to buy crypto is always when the market is low, no confidence.

JJJJNR

Which is why I recommended gold, but there are gold linked cryptos, im not sure which one is worth a closer look OP best do a bit of research.