1Yr·

Long-term crypto investment

Hey everyone,

I'm still relatively new to trading. I have now read up extensively and, in addition to the conventional savings plans in ETFs, I intend to invest a fixed amount in crypto every month.

Does it make sense here to invest exclusively via a savings plan in $BTC (+4.42%) or should I split it between other assets such as $XRP (+1.52%) or $ETH (+3.92%) ? Would an ETF perhaps also be the right choice here?

Thank you in advance for your help!

35 Comments

Stefan21@stefan_21

1Yr

Only Bitcoin :)
The others are not suitable for a long-term investment. You can use them for short-term speculation - long-term saving makes no sense.

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“Lloyd_is_water!“@Ash

1Yr

@stefan_21 Mail from your vacation or already back? 😉

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Stefan21@stefan_21

1Yr

@Ash Vacation :D I'm just stuffy as an old bag on a cruise ship drinking cocktails😂

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“Lloyd_is_water!“@Ash

1Yr

@stefan_21 That's clean! And please carry on 🍹❤️

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Kerstin@KNeubert1963

1Yr

@stefan_21 I bought ether at €48, currently at €1,800. Ether has real applications, so it has a use.

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Stefan21@stefan_21

1Yr

@KNeubert1963 Apart from stablecoins, I don't see any use for ETH in the real world. And ETH is not the leader in stablecoins😅
Of course I'm happy for you about your profit, but I don't see any use for ETH at all. But I'm happy to be proven wrong :)

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21SatsCapital@SatsStacker

1Yr

There are different perspectives on this topic.

One that I hold is the following: Bitcoin ($BTC ) is not synonymous with crypto, and the majority of cryptocurrencies - especially altcoins - are made up of shitcoins.

Whether $XRP, $ETH or other altcoins are to be classified as shitcoins is something everyone has to judge for themselves. I myself only buy $BTC and no altcoins.

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Chris@Psychedelic_Sunflower

1Yr

Bitcoin only when it comes to the long term and investments. Other coins are probably also suitable for short term and gambling.

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wealth_architect_2053@wealth_architect_2053

1Yr

Thanks to everyone! Then $BTC will be saved monthly.

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Joris@Joris

1Yr

@wealth_architect_2053 right decision :) and what you are doing is investing not trading ;) Good luck

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“Lloyd_is_water!“@Ash

1Yr

@wealth_architect_2053 I can recommend Strike for your savings plan. It's free of charge after a week and you can also send to your ColdWallet free of charge later. (It only takes 1-2 days for the sats to arrive)

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HyperX@AxoWallStreet

1Yr

Strike savings plan BTC.

Don't know which provider to use for ETH and Xrp savings plan

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MoechtegernAktionaer@MoechtegernAktionaer

1Yr

@GGHyperX Bison z.B

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Macho M.@MachoMan

1Yr

#btc and #ada for long-term investment.

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Mr. Macallan@Macallan

1Yr

Bitcoin only

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Deleted User

1Yr

Comment was deleted

Chris@Psychedelic_Sunflower

1Yr

@Madhatter5566 That's why you should invest in Bitcoin and not in crypto 😉

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Deleted User

1Yr

Comment was deleted

Chris@Psychedelic_Sunflower

1Yr

@Madhatter5566 No, that's not the reason why BTC is better. The reasons have already been explained to you in many other discussions, but since you don't pay any attention to them anyway, let alone accept opinions other than your own, it would be pointless to discuss them now.

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Chris@Psychedelic_Sunflower

1Yr

1 million Bitcoin is currently around 80 billion euros. All well and good. These coins have never been moved. So either Satoshi was an idiot and messed up access to his coins or he was never interested in self-enrichment and may have lost access on purpose.

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Deleted User

1Yr

Comment was deleted

Chris@Psychedelic_Sunflower

1Yr

@Madhatter5566 That seems to be your favorite pastry.
If Satoshi was planning to enrich himself, he screwed up because he lost access to his coins. He also revolutionized, or rather perfected, the concept of storing value for humanity. It went badly for him.
If he still has access, what is he waiting for? There is nothing that a person cannot buy with money. This raises the suspicion that enrichment is not what he had in mind with Bitcoin.
Whatever the motives and background, he has created a revolutionary store of value that is here to stay.

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Chris@Psychedelic_Sunflower

1Yr

Money is a store of value. Bitcoin can therefore be both. You don't have to get hung up on that.
If he lost access without meaning to, he screwed up. Then nothing is enriched.

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Deleted User

1Yr

Comment was deleted

Chris@Psychedelic_Sunflower

1Yr

You don't have to be abusive.
Of course Satoshi Nakamoto is a billionaire, provided that he has access to the coins. However, the fact that he does not touch these coins, which came into his possession incidentally without premining (if he has access at all), shows that he had something other than enrichment in mind.
And it is also clear that those who recognize great potential first can also participate at lower costs from the outset and profit disproportionately. This is nothing new and not reprehensible. If this exercise option is not exercised, and he had more than enough opportunities to become filthy rich, then one can certainly assume higher goals and ideals.

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Chris@Psychedelic_Sunflower

1Yr

But you don't have to continue being abusive.
Whether I found a listed company or initiate an innovation in the monetary system are two different things. Founding a company--> profit motive. Inventing an innovative store of value--> correcting errors in the system. Whether he might have gotten rich in the process?
I already said, let him be rich. There is nothing reprehensible about recognizing the potential of innovations, holding on to them and developing them further; many people inevitably become rich from this. That doesn't make the idea behind it any worse, as long as he has played fair at all times, which he has done thanks to Bitcoin's high level of transparency.

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