Hello Community,
I have 1500$ and i want to invest it crypto as holdings. What do us suggest invest it all on BTC or alts? Thanks
What's your purpose for the investment?
One mistake most people usually make in terms of investment is not having a plan for the investment that they are about to make. If you have $1,500 today, the question should be: how long are you willing to lock that $1,500 away without having the need to want to spend it some day due to some unplanned urgent needs and wants? If you have a stable income that gives you enough money to sustain your daily lifestyle and expenses, then you can think of the best way to go.
If you can hold down the $1,500 investment for at least 1-3 years, then the best advice will be to invest in bitcoin rather than going for altcoins. The price of bitcoin might appear to be a little high as of today and this week, to be precise, but this price should not discourage you from making your investment move. You can either DCA with the fund at hand or you can just use all of it and make your purchases all at once, then lock it up in a private self-custodial wallet and safe guide the phrase until the actual time you want to make use of it.
And you also need to train your mind to not always react to the negativity of the market, as once in a while we see a market fall on bitcoin, which we really can't avoid, but don't panic as it comes and goes, and providing that you don't sell your assets, you're going to be safe where they are.