5000 can do what?

Question

I have 5k, and I don't have an idea to make it worth, actually I plan to make it double with any how.. And it was a precious and my only budget. Please share some idea, what I can with this budget? Might be a small business? What should I do?

Answer 1

Not_Average | 63 opinions shared on Other topic.

Xper 6

Buy Bitcoin and Ethereum. Watch that shit go to the moon.

Hoenstly though, I study markets and trade all day. Crypto right now is one of those opportunities we get once in a life time. You have the opportunity to front-run the institutions and the fundamentals have never been stronger.

This has the opportunity to make a lot of people rich, and it’s certainly changed my life. What do you have to lose?

Asker

5 d
I didn't know anything about crypto, I don't even understand how it working.
Not_Average

5 d
https://www.youtube.com/watch?v=Rm4-tvFsAKg&t=480s
Not_Average

5 d
Some channels you can look at

Bitboy
Elliotrades
IvanonTech
DigitalAssetNews

___

My coworker also wrote a guide on this entire asset class in his mini guide. It's like 8 bucks. You can DM me if you want the link to his website for that.
Show All Show Less
Not_Average

5 d
https://www.youtube.com/watch?v=yALuhNQvaQI&t=8s
Asker

5 d
So which one should I buy?
Asker

5 d
Is this a long term or short term?
Not_Average

5 d
Bitcoin is the safer bet, but Ethereum has more upside. It's a year hold in my opinion. You're going to have to do a lot more research as I can't explain everything but here are my tips...

-Don't follow the herd. The herd sells when we get a 30% drop. Violent drops are normal, and it's all apart of the rollercoaster.
-Always ladder into positions and ladder out of position. Meaning buy a small amount every day while getting in, and always sell a small amount everyday while getting out.
-Beware of scammers. They are rampant in crypto. Never give someone your private keys or login. Don't respond to these youtubers asking you to message them on whatsapp. Those are fake account impersonating them. Use a two-step authenticator for every login you use.
-Stick to the basics. Start with ETH and BTC before you start dabbling with more high risk plays.
-Educate yourself. Watch all these youtube videos for an entire day, and then continue to watch them consistently.
Not_Average

5 d
This isn't financial advice. It's just my opinion on what I would do with 5k. You can easily turn that in 20k-50k by the end of this year if you play your cards right and do the homework.

Answer 2

Asker

I didn't know anything about crypto, I don't even understand how it working.

Answer 3

Not_Average

https://www.youtube.com/watch?v=Rm4-tvFsAKg&t=480s

Answer 4

Not_Average

Some channels you can look at

Bitboy
Elliotrades
IvanonTech
DigitalAssetNews

___

My coworker also wrote a guide on this entire asset class in his mini guide. It's like 8 bucks. You can DM me if you want the link to his website for that.

Answer 5

Not_Average

https://www.youtube.com/watch?v=yALuhNQvaQI&t=8s

Answer 6

Asker

So which one should I buy?

Answer 7

Asker

Is this a long term or short term?

Answer 8

Not_Average

Bitcoin is the safer bet, but Ethereum has more upside. It's a year hold in my opinion. You're going to have to do a lot more research as I can't explain everything but here are my tips...

-Don't follow the herd. The herd sells when we get a 30% drop. Violent drops are normal, and it's all apart of the rollercoaster.
-Always ladder into positions and ladder out of position. Meaning buy a small amount every day while getting in, and always sell a small amount everyday while getting out.
-Beware of scammers. They are rampant in crypto. Never give someone your private keys or login. Don't respond to these youtubers asking you to message them on whatsapp. Those are fake account impersonating them. Use a two-step authenticator for every login you use.
-Stick to the basics. Start with ETH and BTC before you start dabbling with more high risk plays.
-Educate yourself. Watch all these youtube videos for an entire day, and then continue to watch them consistently.

Answer 9

Not_Average

This isn't financial advice. It's just my opinion on what I would do with 5k. You can easily turn that in 20k-50k by the end of this year if you play your cards right and do the homework.

Answer 10

Static_In_The_Attic | 426 opinions shared on Other topic.

Yoda

Some stocks are on sale right now & you can always invest in the stock market & let it ride long term.

5000 can do what?

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