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Anonymous
So I have about $6,000 to spend on Crypto 2017-03-16 02:04:33 Post No. 1863253
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So I have about $6,000 to spend on Crypto 2017-03-16 02:04:33 Post No. 1863253
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What should I buy?
Thinking of taking the square root of market cap of the top 5 coins and splitting the money evenly based on weight.
For example:
>Coin A = 144M Market Cap
>Coin B = 64M Market Cap
>Coin C = 16M Market Cap
>Coin D = 9M Market Cap
>Coin E = 4M Market Cap
>Respective weights = 12, 8, 4, 3, 2
>Sum of weights = 29
>Allocation of funds = 12/29, 8/29, 4/29, 3/29, 2/29
Is this a solid strategy?
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BUY MORE ETH!!!
MOAAAARR EEETTTTHHH!!!!
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Focus on only 3 coins and buy ones you like. You wont be able to hold during a dip if you dont like the coin.
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>>1863253
the top 5 coins includes ripple which is just a complete bag of shit.
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>>1863253
Current Market Cap
>Bitcoin: 20388M
>Eth: 3326M
>Dash: 702M
>Monero: 286M
>Ripple/Litecoin: 234, 209M
So this would get me approximately...
>Weights: 142.78, 57.67, 26.49, 16.91, 15.29
>Sum of Weights: 259.15
>Weighting: 55.1%, 22.2%, 10.2%, 6.5%, 5.9%
>Value: $3306, $1332, $612, $390, $354
>#Coins: 2.63BTC, 35.95ETH, 6.25DASH, 19.23MONERO, 84.69LITE
Thoughts?
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>>1863253
3k in btc (when it dips ofc)
2k in eth
1k in small alt coins to hold onto like pivx or steem
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Just buy ETH and XMR
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If you'd had that money last week you coulda doubled it with mEth
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>>1863291
litecoin is also a bag of shit.
if you want you can spend the rest on promising ICO's.
in fact if i was in your position I would spend the 6k on about 4 different ICO's
REX
EQUIBIT
QTUM
and another random one.
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