I'm a poorfag and I've come up with a plan to save money for the last 6 months. The thing is now I've managed to save 500 euros and I don't want them to go waste. Can anyone give me some advice on where to invest? Since it's really difficult for me to save money I don't have a high risk tolerance, either way I'm open for any, really any piece of advise.
Poorfag asking for advice
Jaxson Collins
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Asher Wright
Take your 500 euros and go all in on BBN you can buy it on Bibox
Hold until it does at least 5x in late May and then sell
Take your profits and put 50% in LINK 30% in NAS and the remaining 20% in HPB
Do your own research on those 3 coins and figure out the best time to sell each
Don’t fall for the daytrading meme, just hold
Good luck
Jordan King
You should buy an etf that tracks your national stock index with as low expenses as possible. If we get a recession (impossible to predict) you might lose 20-40%, but in the long run you can expect an averages return of 7-10% before inflation. Don’t try to time the market and only buy/sell when you need the money. Good luck.
I have a background in finance fwiw
Lincoln Barnes
And no, you shouldn’t buy cryptocurrencies like the guy above me suggested. They might be good investments, but they are extremely high risk.
Adrian Ramirez
Also, it’s important that you use a broker with very low expenses because you are investing a small amount. Use Robinhood or Degiro (if Robinhood isn’t available in your country).
Mason Taylor
DYOR but like for real DYOR. Then take some of those yuros and put some in a really safe place and put less on riskier things the riskier it gets, the more you move that money around and the less you put. Average your way in and out of things. That money won't turn into a castle quickly but maybe in some years you're still happy to see what it's become or that you still have some left.
Nathaniel Allen
NAS is hopeless. Mainnet launched to a very meager pump and then the coin proceeded to fall into the high 70s on CMC where it now resides
Wyatt Gray
I think the same cryptocurrencies are way too much risk for me to handle at the moment. Still I'm gonna do the the homework.
Just a question, what's the catch with the free brokerage? It sound kind of weird at first glance
Owen Taylor
personally i believe in bitcoin cash. it has a lot of support by old players that were there when crypto started. there's a ton of momentum with innovation and actual usage, which is key for long term success. at the moment there's a smearing campaign going on, keeping the price low, but i think people will come around. if btc doesn't do anything this year bch will absolutely replace it.
next month a bitcoin cash patch will come out, it hard forks bch and if the old fork remains on any markets (meaning that the patch has failed) it will show that the bitcoin cash future is not as bright as i thought it is. however im certain the patch will be successful, it certainly is a test for the currency though. check out reddit.com/r/btc if you wanna see what's up with bitcoin cash. the btc subreddit has been taken over by bch supporters because bitcoin cash is bitcoin and the Jow Forumsbitcoin subreddit is heavily censored.
Liam Hill
Yeah I don't mind a long term investment, I want this money to be also a way to learn more. Even if I lose the money I don't want to lose it in one day.
Is not a bad idea to try DYOR with a partial amount. Gonna look into that too thanks!
You know I'm really new at this, before i was under the impression that you needed a lot of money to invest in one of these things
Blake Adams
What is the fork about? I haven't heard anything of it.
Nolan Roberts
Look boy, investing is gambling. If it was guaranteed, you'd get a 1% return on year base using the bank. If you want to make money 1% isn't going to be enough.
So before you invest your 500€. Write it off, you already lost it, it's gone. This is the only correct mindset to have
Aiden Cox
the main points of bitcoin cash are:
1) remove replace-by-fee (making transactions set in stone once sent)
2) increase max block size limit (supports more transactions per second)
3) prevent stagnation (developers release their updates and if people believe in it they update, otherwise there's a hard fork)
it was created to preserve the original vision of bitcoin. new bitcoin wants to move a lot of stuff off-chain, which compromises the idea behind bitcoin. miners do not have incentive to maintain any sidechains, there's no reward for doing so.
Jeremiah James
I know that well and is for the same reason that I said my risk tolerance is not high. I'm well aware of risk I just don't want to be the stupid fag that will throw away his money on BunnyToken
Ethan Morris
Sry, I meant: What is the upcoming BCH fork is about?
I know about BTC vs BCH.
Just found this bitcoinabc.org
Brandon Kelly
Well, with 500€ it's hard, but it's a start, i'd honestly go for 2 coins. The more you study, the less risk you take. So study market, check new coins, see how they do. Etc and then decide which ones you'll buy. Buy and hold for a longer period
Henry Sullivan
yep, that's pretty much what's going to happen in bitcoin cash. so it will allow smart contracts. not as advanced as those on ETH but it'll be interesting to see what people can do with this. more anonymous transactions might be possible for one thing.
bitcoinabc's client is already prepared and out, it will automatically activate the changes on may 15
Daniel Adams
also that part about OP_RETURN data carrier size increase is also pretty big. it's 80 bytes now (i think it was reduced to just 40 bytes on the BTC fork?) so 220 bytes will allow for more data to be stored in the blockchain from a transaction. who knows what programmers can do with all that, might enable whole games with inventory management or whatnot
i'll have to pop outside now but ill leave the thread open and will check it when i come back if it's still alive.
John Perez
ty for the info, completely missed the news about the fork
at least something exciting is happening in cryptos again
Owen Hughes
This isn't bad, so bump.
However you can do the same with TRX with it's mainnet coming out end of May. Unironically holding 30% of my folio in tron until mid may.
500$ in LINK now will probably get you out of poverty in 18 months.
Landon Carter
They make money from short interest on your stocks and interest on your cash.
Easton Perez
Such high hopes on LINK, it is now #2 in my research list, thanks!
Samuel Green
I watched some videos from developers talk at Satoshi's Vision (a Bitcoin Cash conference) and it was the first time in a long while I've seen them be excited about crypto again.
I've got no doubt that BCH will replace BTC unless that fork suddenly throw away Lightning Network and expand the blocks.