RE: What would You advise a Newbie to Invest in?

avatar

You are viewing a single comment's thread:

I don't invest in things I don't understand so I'd tell him to do a little research on Bitcoin and Ethereum. From there if he wants to investigate coins you recommend him, he would be much better off.

If he doesn't want to do a little research, he probably shouldn't be investing.

I would personally get some exposure to BTC or ETH before anything. I'd buy Hive if I was interested in the community, if not I would not. I'd probably look at Steller or Vechain. Litecoin is too similar to bitcoin so whether or not it survives depends entirely on name recognition...It could do great but I'm a little uncertain. Cardano is my favorite out of those 3 you mentioned. He should probably know what a smart contract is and know something about it though....

Dollar cost averaging is a great strategy, I'd probably rotate between BTC, ETH, and one or two other coins that are higher risk, but learning about them beforehand.

Not financial advice :-P



0
0
0.000
2 comments
avatar

thanks a lot for stopping by! Most likely we gonna buy some eth and leo, I will need to look at cardano myself as i keep on hearing good words and it won't be a bad investment for me :P

If he doesn't want to do a little research, he probably shouldn't be investing.

hehe the thing is, he wants but he literally has no time to do it. 2 jobs other responsibilities, that's why i think we wanna get involved in crypto in order to have more free time long term :P

Posted Using LeoFinance Beta

0
0
0.000
avatar

No crazy reasearch required. Just 15-30 minutes minimum. Maybe two or three times. It’s a whole lot safer of an investment then

0
0
0.000