I feel very fortunate when it comes to discovering crypto.
I learned about it in 2013 and bought my first Bitcoins for around $250 each.
One BTC is worth $5660 today.
If I had to get into crypto today I would be in trouble. I simply don't have that money. And who does?
I mean seriously. Wich person can just drop $5k into BTC under normal circumstances and do it with confidence at this all-time high.
Or Ethereum for that matter.
I bought my first Ether for $2.
It's now well over $300 and that is only based on a future potential as far as I can tell. (What can I do on the Ethereum blockchain today that is useful?)
I bought my first STEEM for around $4 and it's now $1. Mmmm.....
Luckily I kept buying all the way to 7 cents. So I turned a bad buy into a good buy.
All this got me thinking about a fun question:
If you had $1000 dollar to spend freely wich crypto would you buy?
I'm looking forward to the comments!
► DTube
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I am late to the contest but a $1000 now in crypto can buy a little. you have to be smart and active to see where to invest.
The lending platforms are crazy and scammy but they are paying.
The issue is the market is moving up and down so fast.
Now BTC is a good buy at least you will get something back in return.
To be safe and sound , steem with hope will go up and earn by posting.
You did great getting Bitcoin at $250.
I had my first one gifted to me when it was Worth $2.00. That same person gave ten to someone as a wedding gift when they were worth $50.00. Since the groom showed no interest in them He bought them all back from him $900.00 or $90.00 each!
In five years $5,000 might sound like peanuts for one Bitcoin!
If I had $1,000 to play with I'd buy EOS
$2 BTC wow, nice gift! I hope you kept it.
Actually I turned it into Protoshares which gave me about 250,000 Bitshares.
Man I really don't know. If you read about every crypto, you almost always read positive things about every single one of them. I was looking at XRP because that one is cheap to buy but then again, no one knows the potential value for lets say the coming 5 to ten years
Lot's of projects out there indeed. But no way of telling wich will make it. Looking at functionality I'm sticking with steem.
Great question. $1000 right now I would invest in $500 in Steem and $500 in SBDs. As of the time I'm writing this SBDs are 0.95 cents, so you have an immediate minimum 5% gain built in right up front. I believe Steem is tremendously undervalued right now at $1.02, but can see this current price trend continuing for the near future. It seems to have a floor around 0.95-$1.00 where the whales stop powering down. When the SBDs to Steem ratio would become very favorable, I would then sell the SBDs and convert to Steem to get some extra Steem. Steem is what I know the best and one thing I've learned over the years is to invest in what you know.
Great vlog brother and have a great day!!
That's good advice!
Steem - it's not only valuable as a crypto itself but also usable when you use steemit - so a double plus.
EOS i have great faith it will be a winner
BitShares will be using EOS for it's backend and thus almost a guaranteed increase in value as soon as it goes live.
I have made a big mistake buying EOS for more than $1.70 each...
Just buy some more now while cheap and even it out..i have no doubt they will be worth alot more once the platform is up and running...its long term
I agree, but the fact they keep distributing the same amount for coming year(s) makes me feel the price will go even lower. Maybe the perfect buying opportunity has yet to present itself...
What do you feel is a reasonable price to get in at?
I think around the 1 dollar is acceptable and right now at 60 cents is a bargain.. but your right it could go right down to cents down the track..i am just buying small amounts every week throuought the year long sale and hoping it all evens out...just my strategy
Always nice to hear diffrent perspectives! Thanks for sharing your view!
may i ask what makes you think it will be a winner? i dont know much about EOS
Here is a post i made on EOS a few months ago :).
https://steemit.com/eos/@wakeupworldnews/why-i-am-going-all-in-on-eos-and-past-crypro-ventures-2017726t9951351z
schweet ill check it out :)
I bought EOS at $1.28 and around $0.50. I'm just holding for now.
With $1000 today @exyle I would buy LTC but only on a Down Day in Price. What I have been doing is building my LTC and then on a day that it is UP in Price and STEEM is down in price then I send it over to buy more STEEM.............That's just me and the way I like to do it.
If that works for you that's great. I'm enjoying reading all the different insights!
I will buy bnt! Never so bullish on a coin as with BNT$ Bancor. Over 15 ICO's have announced they will use Bancor as reserve to provide liquidity.
Does Bancor have an active use case right now?
nice post my friend, well this proofs that taking decision at right time really so beneficial, i remember another great decision you make when you put your picture and update your profile on that app through which you got your partner in shape of bianca, so i think making good decision and being proactive is a fantastic habit and really gives good rewards in return, now that's an interesting question indeed, if i had 1K$ i love to buy steem no matter what it's rate would be because i know this coin has a great future and we should definitely see 10$ steem in near future, Stay blessed and have fantastic weekend ahead my friend, thanks for sharing.
You have a great weekend too! And you know I like STEEM for an investment.
Great question, for today, if I had $ 1,000, you can basically buy any Alt. Why do I think so, because the price for buying on any Alt is very profitable and, in the first place, for Steem . Since there is a rule for the exchange, it is necessary to buy when the price falls, but I would not buy bitcoins now in the short term. Thank you @exyle
Hi steemians! @exyle thank you for great question. Today i sold some btc and i am very happy. I have plan to invest 1000$ in bank's crypto...can you guess which is it? There is great opportunity its price to rise more than 10 times. Yes i am talking about RIPPLE. My idea is to buy some at 0.2$ and sell at about 2$ next summer i hope. What do you think?
I definitely think thats a great idea, i think ripple has great potential and will do well, although the crypto market is never really predictable, i do have high hopes for ripple, and am holding some too
split it evenly between a few choices.
preferably put
$250 to BTC
$200 to ether
$150 to Steem
$150 to Ripple
$150 to Lisk before the rebrand
$100 to golem
Always spread out your investments people.
put 1k in steem and if it tanks tomorrow you lost it all.
minimise that risk
Lisk rebrand? Tell me more...
I dont think Lisk has come out with anything official but theres alot of rumour around especially on the lisk subreddit and i figure if its anything like neo the price jumped as soon as the rebrand happened. ive been looking for official confirmation but havent found any just yet.
still in a hypothetical sense if i had 1k rebrand or not id throw some into it lol
$1000? I think my long term portfolio would be graphene biased and would look like:
6000 Bitshares at about 5c each = $300 [I think this is cheap for a share in a Decentralised Exchange]
200 Steem at $1 each = $200 [I like the plateform and I use it]
3 LTC at $55 each = $165 [Because it follows the BTC price and I can use it for transactions and convert to other coins easily]
120 EOS at 0.6c each = $120 [Just in case]
and I would split the remaining $215 for short/medium term investment in other altcoins and maybe keep some BitUSD as a cash reserve ready for a good opportunity to buy cheap coins.
PS: This is not financial advice, just a random opinion.
Yesterday I bacame a trader. I sold bitcoin to buy more Steem. Time will tell if this was a good decision.
Be patient, and think for a long mode, and then it is profitable. I think it is good what you did .
Right now, with 1k, I would be confident buying ethereum classic. Hit $25 probably a dozen times in the past 6 months.
That's an interesting choice! Classic is another project I thought that would surely fail after the DAO debacle. If only I kept them all :)
Has to be Steem for me, I've bought a little more with fiat twice this week.
And I know what your mums answer would be too!
Have a good Friday 13th man.
She bought a little more recently!
Issues replying to you yesterday, but yes I saw the transaction! 😀
@exyle,
I will buy STEEM instead of others! I wish STEEM will be the future and atleast SP can make me profitable!
Cheers~
I have a bit of a thing with New Economy Movement at the mo so would throw it all in there
Hehe, I mean steem, of course!
I like the fact its not just a clone of BTC and the last I read it was actually being used in Japan for real world applciations. Beyond that I dont know too much about it! Except I have made quite a few quid off trading it :oD
Yea,, me too,, but not really all,,, maybe $500
You gotta be in it to win it! :0D
I will buy 1000$ of Steem because I could get more steam power and help growing the community in a better way =D
I'd power up $900 into steem and toss $100 into LBRY. When you only have two coins, it's easy :-D
After some research on BitShares I feel like that's a great investment too... if I was thinking as a short-term trader, rather than pure HODL, I might buy some of that too.
Better to go with Ethereum at this point time as Bitcoin had run up a lot.
Still we can buy bitcoin but profit potential seems to be less.
How high do you see Ether go?
I'd go for Steem definitely. From the article you wrote, Steem is the worst buy but I can tell from what it looks like and how the Steemit platform is emerging with induction of media tokens, it is going to be huge when it starts challenging other social platforms and even e-commerce. What do you think?
I know it's a winner :)
I would probably invest it in either TQS or WCXT, both dividend paying tokens connected to Crypto exchanges. Otherwise I would wait a little while, and invest it in Equibit in their upcoming ICO.
steem has huge potential and it will always be my favourite one buy on dips ;)
Steem will be a good one as its time will surely come. I am bullish about steem and confidence that it will reach 100+USD by end of next year . Wish you a blessed weekend.
I like the way you think :). I'll be happy with $3 by next years end.
Hahahaha my dear @exyle I did my analysis already and posted my findings on my blog posts..... concluded that after the implementation of SMT and Hfork 20 (each sign up will burn 1 steem) that steem price will shoot up..3USD is very easy to reach, therefore am look at 20 to 100USD by next year end ie if developers work hard and implement all by mid next year. ...After which I will invite you for a free cold beer and bradwurst my friend . Wish you a blessed weekend.
That would be Steem now and EOS in a couple of months!
This is a very hard question to answer neutrally. For one simple reason - I already hold BTC, ETH and some 5-7 ALT coins. So my answer tends to be biased.... depend to what I already have.
If I would not have even one satoshi worht of cryptos, TODAY i would buy
BTC-30%
ETH-30%
STEEM-30%
EOS-10% ( would wait a bit longer for cheaper EOS though)
i still would be picking steem to get more rewards over time and sice it is a good investment. Man do i wish i had bought at 8 cents! wow
if you are talking about last year i wish i could have bought bitcoins with 1000 $
and for right now i would purchase steem 😉
If I had $1000 dollars I would go for PPT.
I would diversify . and buy etherium , gole, omise and steem and equal shars
I wouldn't buy anything until the market crashes hard :) I would get some LTC NEO and Steem. Neo it's really interesting in my opinion.
hai everything .... you know ?, now mangosteen skin has its extract.
do not forget to follow me okay !!!
Wow is amazing 1 BTC : $5,629.90 Today, I believe in steem and counterparty can be a chance for grow
I think I would buy Steem, while he's relatively cheap.
I will buy Ethereum and Steem
I would buy $500 worth of Steem, $250 worth of BQX and $250 worth of Verge at current or lower price.
If I had $1,000. I would buy steem for about 650, then bitshares for 200 and EOS for 150. These are all undervalued and am expecting a spike in their values in the coming months :)
I will probably buy steem because i believe it will sky rocket and i also believe in the longitivity of steem.
Today Steem! - $1 is a bit of a bargain, I wouldn't buy Bitcoin right now but when we bought Bitcoins for $1000 they didn't seem cheap either, and I never guessed they would go up 5 fold so quick
!
excleant post.
I will buy and hold steem and ETH
Thanks @exyle for sharing this post...
Cheers~~~~
Just Steem yo
50% EOS and 50% NEO.
OMG and Steem
Steem is at an attractive price as are several others.
But with the steady fall in steem price for a while now,,, would it be that attractive to throw $1000 into?
Bitcoin it is without any second thought.
Obviously bitcoin friend. It would be my life maker but bad I had heard the name of bitcoin only before 6months.but Now it is too costly, thanks for sharing such a valuable lesson. Wish you good luck friend.
Thanks for sharing.... if i had 1000$, I'll definitely be getting a lot of steem because i have high hopes for steem and i love the idea of the steemit community and its potential...
I'll also be getting eth dark, been following that coin, i think it'll do great, and has as much potential as eth...
I'll then get ripple and golem, please let me know what you think, thank you