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Newcomer here. I need some advice.
I've wagecucked for the past few years and have accumulated $60k. This is my entire savings. I still live at home.
I want to double this amount. I'm not looking to go to lamboland or become a millionaire overnight. By over the mext 2 to 3 years I want to have between $100-150k so I can buy a house outright.
Can I do this by investing my entire savings in btc and eth? I'm scared of the memecoins and btc and eth seem reliable. But will the price of both reliably double in the next few years?
I know no one can read the future, but Im just asking for guidance. Is it worth investing all my money in this market?
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>>2358541
>Can I do this by investing my entire savings in btc and eth?
yes. it really is as simple as that. and doubling your money is an extremely conservative estimate. stay away from shitcoins
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>>2358541
https://pastebin.com/HaUFmW0f
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dump it in there and forget about it for 5 years and you'll be rich enough to buy all of Africa
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>>2358541
I literally doubled my investment in 2 weeks, granted i did follow the golden rule you should never forget
Never put in money you cannot afford to lose, be smart, start with a small sum and see how it pans out before commiting properly
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>>2358541
Only put in money you're prepared to lose.
BTC could go to 10k or tomorrow some huge exchange might get "hacked" and it all comes crashing down.
If you're fine with potentially losing your 60k then go for it.
There's no such thing as a 100% safe investment.
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>>2358625
See this is where Im having some issues.
I dont know what money I can "afford to lose". I dont want to lose any money, because if I wagecuck for another 5 years I might be able to afford a house. But if I lose all that money then Ill just be where I am today in 5 years.
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>>2358555
This. You'll be able to double your money easily enough over a year or two.
If you diversified further, and selected 2-3 of the 5-20 top coins (basically anything with a market cap between $250M and $1B) and invested say 10% of your 60k total (in essence, buy $2-3k of 3 of the lower half of the top 20 coins by market cap), you'd have a more volatile, but more growth-exposed portfolio that would likely net you more money in the long run.
If all that's too complicated though, you could easily just invest in ETH and BTC. Just don't leave your funds in an online wallet; they are prone to hacks, and just about every major exchange has been hacked at some point (poloniex, bitfinex, and several defunct ones that never recovered from their hacks).
Good luck, and happy investing!
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>>2358701
The closest thing you'll get to "sure" money is bonds. Everything else has risk.
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Buy Dow Jones ETFs
and don't waste your money with meme coinz
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>>2358703
What service do you recommend I use? Thank you for the advice.
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