01-06-2020, 02:39 PM
Looking for advice – Getting into Cryptos in 2020
<!-- SC_OFF --><div class="md"><p>Hey guys,</p> <p>I would like to get into Cryptos as a hobby on the side. I did my fair share of reading, but I always like to take some opinions into account. This is my / our situation and I would really like to make the best of it:</p> <ul> <li>I have about 1.500€ / $1.680 which I would be able to invest in cryptocurrency. I am not dependent on that money, it's a smallish percentage of what's laying around in a bank account, totally unused.</li> <li>I am fully aware that this is a high risk gamble, and I'm prepared to lose a large portion of it in the worst case</li> <li>I would like to get into the game before the BTC halfing (even if the opinions differ if it will be profitable)</li> <li>I would like to invest in some altcoins aswell (maybe $200), I was thinking maybe ETC, XRP or NANO</li> <li>I have a friend which works as a bank teller who can hook me up with a bank locker, so I would like to use a hardware wallet</li> <li>I am not looking to make high profit in the next 3-6 months, the money can be left in the wallet as long as it makes sense</li> <li>Edit: I am mostly looking to buy BTC, obviously!
</li> </ul> <p>My questions are:</p> <ul> <li>What's usually the best approach? Investing everything at once, or let's say throwing in $500 each month?</li> <li>Would you hold on for a bit, or invest now? BTC seems to be at a pretty solid and more or less stable price right now</li> <li>Are there any tips you wish someone had told you as a beginner?</li> <li>Do you (personally) think the halfing in May will impact the BTC course?</li> </ul> <p>I'm really glad this sub exists and I'm very grateful for any help I might get 
Greetings from Germany!</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hey guys,</p> <p>I would like to get into Cryptos as a hobby on the side. I did my fair share of reading, but I always like to take some opinions into account. This is my / our situation and I would really like to make the best of it:</p> <ul> <li>I have about 1.500€ / $1.680 which I would be able to invest in cryptocurrency. I am not dependent on that money, it's a smallish percentage of what's laying around in a bank account, totally unused.</li> <li>I am fully aware that this is a high risk gamble, and I'm prepared to lose a large portion of it in the worst case</li> <li>I would like to get into the game before the BTC halfing (even if the opinions differ if it will be profitable)</li> <li>I would like to invest in some altcoins aswell (maybe $200), I was thinking maybe ETC, XRP or NANO</li> <li>I have a friend which works as a bank teller who can hook me up with a bank locker, so I would like to use a hardware wallet</li> <li>I am not looking to make high profit in the next 3-6 months, the money can be left in the wallet as long as it makes sense</li> <li>Edit: I am mostly looking to buy BTC, obviously!
</li> </ul> <p>My questions are:</p> <ul> <li>What's usually the best approach? Investing everything at once, or let's say throwing in $500 each month?</li> <li>Would you hold on for a bit, or invest now? BTC seems to be at a pretty solid and more or less stable price right now</li> <li>Are there any tips you wish someone had told you as a beginner?</li> <li>Do you (personally) think the halfing in May will impact the BTC course?</li> </ul> <p>I'm really glad this sub exists and I'm very grateful for any help I might get Greetings from Germany!</p> </div><!-- SC_ON --> Kind Regards R