Liotes News – how would you invest 1 million $ in crypto?
(Edited)
This week we have the million dollar question for you. Imagine you had so much money, what crypto would you buy with it? And for what reasons?
Today's challenge
If you had 1 million USD and you had to invest them in exactly 3 different crypto currencies, what would you buy? Tell us what and why you would do it.
Write your answer as a comment to this post
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Does the winner get the million dollars to invest? haha j/k
I would have to say my three choices would be
That would be nice lol. I believe we would have quite a lot of participants ;-)
Thanks a lot for your choice!
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If I had a million USD that I must invest in 3 crypto currencies, I would invest in Hive, WAX and BitCoin.
I like your list of tokens. These are also among my first choices!
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The first one I pick is HIVE because I like the different ways you can earn. Of course this includes other HE tokens.
The second would be BTC. As a store of wealth, I can't see anything better than this.
The last one I pick would probably be WAX. As much as I don't touch it much, I still think their structure is superior to other block chains and it's similar to HIVE in the CPU/Network usage.
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Very good choices. Basically I like to invest in what I can use.
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I think I would invest some of it in Bitcoin as a commodity, more in Ethereum to stake, and the remainder will be converted to HIVE to invest in some of the (very numerous) projects going on here.
That is a very sound choice. A store of value, something that generates income and something where investment opportunities are numerous!
It's nice to see that everyone is including HIVE!
Hive seems indeed very popular here around ;-)
You have listed my Top3 coins in my portfolio... and in exact order! :)
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I would probably divide my $1,000,000 like this: 50% into BTC, 35% into Hive, and 15% into FUN. Those are the three that I am invested in right now.
Instead of FUN, another option might be to put 15% into PRE not only for the potential upside gains but also for the keyword-staking power that would give me on the search engine.
That's an interesting choice... I do know all of them and somehow I forget about the good use case of PRE... I should check their tokenomics!
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1 Million USD to invest in crypto...
50% Hive Power (HP) -> Delegate Investment and get a return like dlease
Risk: Low
Reason: It'll be gone when HIVE is gone, good for long-term investment
30% Splintershards (SPS) -> Staked Investment
Risk: Medium
Reason: SPS is a governance token with a limited amount for Splinterlands. The risk is medium because it's a crypto game, Game has a lifetime. HIVE is more stable than other competitors (ERC-20 and BEP-20)
20% Axie Infinity Shards (AXS) -> Staked Investment
Risk: High
Reason: Axie has a big down and up in the meantime like other Altcoins. Luckily with its free transfer with Ronin Wallet, it can go smoothly without a big gas fee.
Well, if I can halve it to real money investment too. I'll use it for P2P Lender Application XD 1 Million USD is a quite big for me rn
Thanks for the detailed answer! I would do something similar to your strategy... Diversify tokens' portfolio by risk management... The only problem in crypto is that it's hard to say for some coins that it's "low risk" (except BTC)...
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Yeah, altcoins that are in crypto will get at least medium risk because of "cryptocurrencies". I just hope cryptocurrencies will be live as long as possible for now... ^^" I can say "low" because my country states it as "digital investment" for now.
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Here's my answer. Sorry for being kind of late.
The question is complicated for 2 reasons mainly. Because of the restriction to 3 assets that need to be hodl long term AND because of the timing, relatively close in time to the end of the bull market. So, I had to think about assets that would hold better on the way down too (except Hive, although it had its moments). If I had more choices, I would have added a portion of stablecoins to the mix.
You are right about the timing for this question... That's why it's hard to answer it... Like when you are on an exam and you got always the worst questions... :)
btw... You are a brave man with investing that much in game assets... But, in percentages, it's not that much (20-30%)... I should reconsider my investments in game assets... Maybe you are on something here...
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Yeah, that's a bit excessive, isn't it? I cheated a bit and said "game assets" and not one specific token, which means that's a combination of liquid and illiquid assets, as well as assets that would go through the bear market in different ways, most likely.
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Sorry for the late entry. !LUV
If I had 1 million dollars to invest in crypto the three coins I would put it in are.
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Thanks a lot for your entry. I have quite a lot of DAI as well. I believe it's a good store of value and offers nice possibilities of return.
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Ugh ... though question :)
So if I had 1 million to invest in crypto that means I'd have at least another million - I wouldn't have invested it all in crypto, haha.
Half of a million in Hive, absolutely, because I think that's the right path to go.
Then, maybe I'll invest a quarter in the development of the SPK network infrastructure project.
And what would be left in BTC and maybe in ATOM.
That's a very good point. Never put all the eggs in the same basket lol.
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Well, that would probably get you enough DEC to actually be able to get a max set of card :D Probably a decent stake in SPS as well.
Though more practically, maybe split it up among various staking/master node projects and coins that seem relatively stable, Tezos, SCC, FLS.
Probably pick up some BUSD to provide some liquidity on CubDefi as well :)
I did that 3 years ago with 4-5 different coins... But, I didn't pick well... :) The idea in general is great, but you have to pick well... I plan to do that again, but this time with ETH :)
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@thegcc, you've been given LUV from @ph1102.
Check the LUV in your H-E wallet. (2/5)
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