Now... We have too figure why type of investor are you going to be...
and what you expect and would like to earn.
First are you looking to invest 100 bucks and earn Millions? Like Doge ?
Do you want to Hold long term and forget it check back in five yrs to see your Lambo?
Do you want to just invest on Coins that can Moon...
(Take off)
Do you want to earn a set amount over a period of time despite what the markets do in gains and losses?
Are you investing like as follows...
1)Under 1000 bucks Long Hold
2) Over 1000 bucks under 10,000 Long hold but earning dividends would be nice?
3)Higher risk but earning more than the stock does?
That all makes a difference
I will add an A to the Appropriate Number so you can see the breakdown
I would suggest under those same situations listed.
1)Under 1000 bucks Long Hold
1A) If you want to simply buy something not fool around with it and hope it takes off to the moon at some point in five yrs...
I would suggest this approach over any other...
Since its tricky to DYOR Do your Own Research...
Another term is LYI Learn your investor
Like when you sign up for coinbase pro and validate your identity...
Here is what I would do and the approach I would take and Why...
When people jump in most times the price of the coin has moved so much the later you get in the less the major returns...
If for example you buy some bit coin your not getting many coins your getting a percentage of a coin Thats fine...
When it goes up 10% so does your investment 1000 becomes 1100...and so on same with loss...
And we all have been steady bleeding lately...
If you got into Doge at say 10 cents each token...
You paid out 1000 bucks and had 10,000 coins when it jumps to 70 cents you made a nice little hit of a total value off your 1000 to now... 6000 bucks...
Not bad but did you buy 1000 or 100 ?
If you will look and think like this it will make some sense to you if you stop and simply think...
When a coin value is less than the decimal point like for example 5 Zeros...
So .0000063 Like Shiba is riding at currently...
If you buy 1000 worth of coins..
You would have 158,730,158 thats a lot of coins...
if the value rises to 8.3 You would have earned off 1000 bucks a total value of 1317 for each point like from 6.3 to 7.3 to 8.3 you will see the same amounts of profits incrementally...
Now if it burns that zero instead of making approx 150 per point rise your now making thousands or more accurately
1500 a point from say .00001 to .00002 You just made 1500
Now if you have a Billion coins it is also like removing a zero and now your earning 15K for each point once it jumped or the next time out thousand burns that zero and becomes .0001
Thats a lot of value added to a moon set coin.
Better than jumping into coins that will yield less than those type of numbers...
Does it mean its a bad investment, if you earn more than I would say 10% your on the way...
Im earning .1% and doing just fine...but Im doing it different than this.
Remember when you remove the cash you pay capital Gains Tax which will be See Capital Gains Educational read...
so even at 10% profit your bringing home only 57% or your total Value
Since your doing this for yourself its up to you...
I prefer to pick ten coins and invest 100 each than 1 coin and go all in you have 10 Times the chance to see something start moving and you can always swap them over and add to them using swap or convert inside the wallets...
Here I go Again...
Mark@AmericanJeeper.Com