getde 18 Posted March 18, 2022 To understand when we can sell our altcoin for profit, we need to learn technical analysis of any altcoin; when the resistance level of the altcoin is reached, that is the time to sell the altcoin; however, as a common trader, you should check the crypto market BTC price; when the price recovered from $33k to $45k, that was the time to sell your crypto to make a good profit; and I suggest that you don't hold if you want to make a good Quote Share this post Link to post Share on other sites
enunciatede 40 Posted March 18, 2022 Matic Solana and Polkadot for me; if I had that much money, I'd pack these three altcoins and stake them for at least two years, which would more than treble my holdings; nevertheless, this amount of money is far too much for just three coins. Quote Share this post Link to post Share on other sites
destability 40 Posted March 18, 2022 If you had $1 million to invest, you should put it into Bitcoin rather than altcoins. Because it is a large sum of money, and a large sum of money necessitates investing in a coin with a significant trading volume. This will assist you in entering and exiting at the price you desire. If you enter or quit an altcoin with $1 million, you will force the price up or down too much. Worse, altcoins are riskier than Bitcoin, so if you invest in altcoins that have already pumped 100 or 1000 times, your money will be divided by 10, 100, or 1000 times. So, in the worst-case scenario, your $1 million capital will wind up being $1000, $10000, or $100,000. Nightmare Quote Share this post Link to post Share on other sites
aquaticde 48 Posted March 18, 2022 $1 million is a significant sum of money to invest. If this is the case, you should diversify among coinmarketcap's top 20 cryptocurrencies. You will, without a doubt, receive satisfactory results. Carefully invest because the market is currently in a state of fluctuation, which is favorable for producing consistent profits from trading. If you're a beginner, though, simply wait for the price to decline before investing. You will be able to earn in the near run as a result of this. Aside from that, conduct your own study and invest in the presale of viable coins, as most valuable projects typically increase in value by 2 to 5 times once published on platforms for trading. Quote Share this post Link to post Share on other sites
wallde 10 Posted March 18, 2022 If we're talking about alternative coins, I'd recommend BNB, ADA, and DOT. I believe that will suffice, and I will divide my $1 million among the three. And then I'd like to add bitcoin to the discussion, because I believe it is the best investment, and no altcoin can match it in terms of security, not in terms of return on investment, but in terms of how secure the network is, which is critical if you're going to invest a large sum of money in a cryptocurrency. If you're going to invest a large sum of money in a cryptocurrency, it should be a coin that is not only solid on the outside, but also on the network Quote Share this post Link to post Share on other sites
depie 62 Posted March 18, 2022 In fact, with that much money, you'll have no trouble making money in the market. Even if you only had $1,000,000, you might be a part of the exchange's whale and make a lot of money. Divide the project into two stages. Create a 50 percent purchase and a 50 percent sell option initially. Because you're going to invest, the top ten CoinMarketCap coins might serve as a guide. In Solana, or, more speculatively, in a network that extends beyond the domain of the Metaverse. It all comes down to your research. Take this advice with a grain of salt if you're looking for investment guidance. Quote Share this post Link to post Share on other sites
dedelicate 12 Posted March 18, 2022 The amount of money you are going to inverse is enormous. You can divide the investments into ten pieces and then use a dot, near, and flow to reverse them. I'm not particularly familiar with the flow. However, the other two coins were well-known among merchants, and it was simple to improve liquidity and change to dollars at any time. Quote Share this post Link to post Share on other sites
Luxuriousde 23 Posted March 18, 2022 The tokens listed above are solid options, but my preferred investment is not one of them. I've already outlined my top five altcoins to put my hard-earned crypto into, and some of them are still in the ICO stage (new projects) I'd rather put my money into wallet tokens and exchange tokens that are still being pumped since I believe they have a lot of promise and will pay off handsomely. Quote Share this post Link to post Share on other sites
degesture 20 Posted March 18, 2022 If I had that money, I would diversify it correctly, but I will not invest on the list provided by the OP since I see other opportunities with other cryptocurrencies, and it is best to do some research first before investing. Always try your best to evaluate, no matter how much money you have. SOL, ADA, BNB, ETH, and Metaverse tokens are my top picks for this year, thus having more of them can help me make more money, and I'm excited about it. Quote Share this post Link to post Share on other sites
antlerde 14 Posted March 18, 2022 correct answer - you can simply create your own startup with $1M and put your money, effort, and knowledge into a project that is your concept and that you can easily control, which is much better than investing in an altcoin where you have no idea how things will turn out in the future. Obviously, that is a hypothetical question, but proceed with caution and always think twice before investing. Quote Share this post Link to post Share on other sites
insidede 18 Posted March 18, 2022 $1 million is a large sum of money to put into the stock market. I wish I had that much money; if I do, I'll split it 50/50 and put half of it in the top 5 coins in the market, the other half in the top 20 coins, and the remaining quarter in fresh projects with high potential. I estimate that I will invest in at least 30 coins; they may not all be good investments, but I will ensure that I have done my homework on these currencies. Quote Share this post Link to post Share on other sites