- If you would have invested $20 a week
between January 1st, 2019 and October of 2020
inside the crypto project Cardano,
you would have over $32,000 right now.
And one of the most frequently asked questions
I get on this channel is Kris,
I have a thousand dollars to invest in crypto.
What should I buy?
And today we are going to go through that exact scenario
on what I would do if I had less than a thousand dollars
to invest into crypto.
So if you're new or, you know anyone who is,
this is going to be the video for you.
And I can see how it can be so overwhelming
for the average investor on where to start.
There's an NFTs, staking, daos, wield farming,
and there's over 16,000 different projects to invest in,
many of which aren't that good.
And when I got started, there were only 1,500.
So the list just keeps growing every day.
And even though today,
I'm going to be given specific projects to invest in.
This is not financial advice.
I'm just treating this as if I were in your shoes
or if I were helping a loved one get set up
with crypto investments.
And no matter the investment,
I always recommend people to do your own research
and to enter every investment
with a healthy amount of skepticism.
I'm not only going to be recommending specific projects
and source material, but I'm going to be giving you
the specific steps you can take
so you can be on the path of least resistance
of creating a six-figure crypto portfolio
for you in the years to come.
And before we decide what we want to buy,
we have to get our money into the exchange,
and you're going to see
a list of links in the description below,
and these links are affiliate links,
but if you use them, you get cash, Bitcoin, or stock.
And if you use all of them,
it ends up being over $300 in rewards.
And on top of that,
I'm doing something that I've never done before.
I'm giving out $250 to someone who subscribes,
likes, and comments giveaway in the description below.
And I'll be announcing the winner of that
in the private Discord and Facebook group,
which you can also find down below.
Now, once we get our money into the exchange,
where do we go from here?
And that's really going to depend on two main things.
Our goals and our risk tolerance.
Risk tolerance is heavily depending
on your needing of the money you're investing.
And although there is a probability
that your investment could skyrocket overnight,
we also have to recognize the other side of the token,
that that investment could tank and go to zero.
Which is why I always recommend investing money
that you're willing to lose.
And when you have this mindset,
not is it only going to make you less emotional
towards your portfolio when it goes up and down,
but it's going to give you that long-term mindset,
because I really stress with people in crypto
to have a one to three-year timeframe for your investing.
And that's what I've noticed for me, personally,
has given me the best results.
Now let's go ahead and discuss our goals.
And I have a quiz down in the description below
for you to take that can kind of help with this.
But if you're looking for something that will 100x
or even 20 to 50x, I would say that you're going to have to
increase your risk tolerance.
And if you go to Coin Market Cap,
you can see all of the cryptocurrencies
and everything within the top 100 coins right now
is at least 800 million in Market Cap,
which means to 20x that 800 million coin,
it's going to have to reach a Market Cap of $16 billion.
So it's going to have to increase by $15.2 billion.
And although it is possible for something like that
to happen, it's much more likely for something to 20x
that's set up 40 million Market Cap to go up to 800 million.
And the rule of thumb here is the higher rank
the project is, or the bigger the project is,
the less risky and less volatile it becomes,
but it also means the gains on those projects
will be much less as well.
And knowing all of that, that's why to diversify some risk,
that's why I'm going to create a portfolio of small,
mid, and large cap projects
instead of just yoloing into one project.
And you can see what I mean right here
in terms of the different Market Cap sizes
and what I classify as small, mid, and large cap.
Now I'm going to put 30% of my funds, or $300,
into one or two large cap projects.
And the reason why I'm doing this is
because it's a safe bet
and these projects have a good chance
of at least 3 to 5xing, so that way,
if the mid and small cap projects don't work out,
I will still get all of my money back.
I'm then going to put 45% of my money
into one to two mid cap projects,
and then the last 25% I'm going to put in
one to two small cap projects.
First large cap project I'm going to mention is Fantom.
And Fantom is a decentralized open source blockchain
that has a ton of new projects launching on it.
Its current Market Cap is 8 billion
and its fees are much cheaper than that of Ethereum
and it's quicker as well.
Another large cap project that would invest in
would be Avalanche or ticker symbol AVAX,
and its Market Cap is sitting at 22 billion.
It's a decentralized open source platform
that many are calling the Ethereum killer.
It's another layer one blockchain that a lot of projects
are launching on because of its low fees and fast speed.
And to give you an idea of how far Fantom
is behind the Ethereum,
Fantom would have to over 30x
to catch up to the Market Cap of Ethereum.
And I found this article that compared AVAX to Fantom,
if you're curious about the differences, but in summary,
Fantom is about 20 times cheaper to send than AVAX,
but two times slower and more decentralized.
And the last large cap project that I'm investing in
that I'm going to recommend is Near protocol,
ticker symbol NEAR.
And to be clear, I think all three of these can co-exist,
even though they are in the same niche
of layer one protocols in decentralized finance,
but I like Near the best because it arguably
brings the best technology out of the three.
And because it's partnered with the Octopus Network,
I think it gives it the edge over the other three.
And to give you an idea about this network,
it's worked with projects such as Cosmos,
Polkadot, and other blockchains,
and it's calling Near the mother chain of the network
because of its sheer speed.
And it also has the Aurora network,
which offers fees up to 1000 times lower
than that of Ethereum.
And if you are curious about any of these projects
to see where you can buy them at,
if you just type in the project on Coin Market Cap
and you go to the markets tab,
you can see where you can buy any project.
And you can also double check this on CoinGecko as well.
If it's not listed on Coin Market Cap.
Now I always recommend reading material on
increasing your investing knowledge
and a book I mentioned before on this channel,
Angel by Jason Calacanis.
He has a story about a friend who brought him Twitter
before the public IPO and he didn't end up going in on it.
And ever since then,
he now works at that friend's investments more closely.
And the reason why I bring all of this up is because
I have a friend who in 2018 was working two part-time jobs,
and I remember him calling Fantom, MATIC, Terraluna
and long story short,
he now has a seven figure crypto portfolio,
and these are some of the projects
he's extremely bullish on.
Next up are those mid tier projects
ranging from a 300 million Market Cap
to about 1 billion Market Cap.
And the first one and probably the project
I'm most excited about in this video is the Vader Protocol.
And it's a protocol that aims to combine the best
of three big projects, Terraluna, Rune, and Olympus dao.
And I think these are three great projects to research
to get a better idea of Vader,
but in summary and not only aims to provide liquidity,
but it will also have a decentralized exchange
with all types of pairings.
It will also have a stable coin in USDB
and it's also going to offer bond sales,
which is similar to that of Olympus dao.
And you can currently stake your USDB for a small return,
but one reason why I think this project has massive
potential because if the value of USDB increases,
this means that the supply will have to get burned,
which could greatly increase the price
based on sheer supply and demands.
Now, a couple of cons to this project
at the time of me recording this,
it doesn't have a working product out right now
and not all of the team members are doxxed,
however, I will leave a link in the description below
to one of the members who is.
There's an interview and I highly recommend checking it out.
Now up to this point, all of the projects
I've been talking about have been rooted
in decentralized finance or DeFi,
and I think it's one of the best areas
in crypto right now.
But this next one has to do with play to earn NFT gaming,
my second favorite area in crypto.
It's called Illuvium and it's a play to earn RPG game
with real world game developers.
And they also have upcoming land sales
and some of these land sales are already selling
for upwards of six figures.
And I think once NFT gaming matures more this year,
it has the potential
to be one of the most played games out there.
Now the last area of the portfolio or the small caps,
and this is where I'm putting in 25% of my portfolio,
And to be clear, this is what I'm considering
any project less than 300 million in Market Cap.
And even though this is the riskiest area of my portfolio,
and this is where by probability,
you have one of the highest chances of seeing a 100x.
This means that if you put in $100,
you potentially could see a turn into 10,000.
Now, everything I've covered up to this point
are just tokens, but once you start getting more capital,
you can start investing in passive income projects,
which will earn you interest while you sleep.
And my favorite right now is Master Nodes.
Now, although I don't have any Master Nodes on this list,
one area that you can really look at to find
some high yield staking pools where you can put in
just a couple hundred bucks is Grim Finance.
And I'm going to recommend staking Quick
on the Polygon network.
And this can be found on Grim Finance.
Quick has a Market Cap of 100 million,
and it's been out since early 2021.
It has a yearly APY of 200%,
this means that if you put in $100, after a year's time,
assuming price stays the same,
it will be valued at over $200.
And another reason why I like the Polygon MATIC network
is because the fees are so low.
Now my favorite small cap project to invest in
is probably Equilibrium Games.
And this is something that I've touched on my channel
a couple of times before.
The Market Cap right now is sitting at about 40 million
and with a hundred million circulating supply,
I think once this game launches and the utility increases,
we could really see that coin appreciate in value.
Now there's so much more to crypto than just investing.
And once you get more capital,
the options really start to open up.
So after you make your first investment,
the first thing I'm going to recommend you do
is analyze your cashflow
and try to set up recurring payments as I talked about
in the beginning of the video,
just putting in small amounts every single week
that you're just going to forget about
like a savings account.
Once you get your investments set up,
you need to continue to still do research
in Discord and Twitter.
I have a Discord group in the description below,
and there's a bunch of other groups out there
that you can really learn from.
And another area that I like to look on is Twitter
and the great way to see who the top people on Twitter
are following as soon as they follow them
is a website called whotwi.com.
And once you follow some people there,
you'll know who the movers and shakers are in the space
and what upcoming projects there are.
And this is actually how I found out about Equilibrium Games
at around 15 cents.
And staying up to date on the products you invest in
is what's going to allow you to hold during times of fear,
which happens in no matter what project you're investing in.
And you need to be able to differentiate that between fear
and just being able to know when to get out of a project.
And a really quick rule of thumb you could do
to grow your current positions that you have
without having to put in any more money is
if you see something to increase
by more than 25% in a single day,
you can sell about 30% of your entire position.
And even though it could go up further, 90% of the time,
it'll go back down lower,
which will allow you to buy back in at a better price,
increasing the amount of tokens that you have.
My one rule of thumb is always trying to buy
on double-digit red days when the market is tanking
and selling on double digit green days.
And the way you can also do this is checking the fear
and greed index, and when it moves towards greed,
that's usually a good time to take some profits.
And like I said, once you start getting more money,
you can then start rolling those profits into Master Nodes.
And I have two Master Nodes right now
making me over $300 a day.
And remember, don't forget about that $250 giveaway.
If you do like videos about making money online,
consider liking and subscribing for more videos like this.
Thanks to everyone for watching,
stay safe out there, and I'll see you next time.