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What are the most profitable cryptocurrencies to buy with 30k yen?

avatarFelipe Toledo NevesDec 26, 2021 · 3 years ago3 answers

I have 30,000 yen and I'm interested in investing in cryptocurrencies. Which cryptocurrencies would be the most profitable to buy with this amount of money?

What are the most profitable cryptocurrencies to buy with 30k yen?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One of the most profitable cryptocurrencies to consider buying with 30,000 yen is Bitcoin. As the largest and most well-known cryptocurrency, Bitcoin has a strong track record of growth and has consistently shown a positive return on investment over the years. However, it's important to note that cryptocurrency investments come with risks, and past performance is not indicative of future results. It's always a good idea to do thorough research and consider diversifying your investment portfolio.
  • avatarDec 26, 2021 · 3 years ago
    With 30,000 yen, you might also want to consider investing in Ethereum. Ethereum is the second-largest cryptocurrency by market capitalization and has seen significant growth in recent years. Its underlying technology, the Ethereum blockchain, has also gained traction and is widely used for decentralized applications and smart contracts. However, as with any investment, it's important to carefully evaluate the risks and potential rewards before making a decision.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend considering a diversified portfolio when investing in cryptocurrencies. While Bitcoin and Ethereum are popular choices, it's also worth exploring other cryptocurrencies such as Ripple, Litecoin, and Cardano. These cryptocurrencies have shown potential for growth and have unique features that differentiate them from Bitcoin and Ethereum. Remember to always do your own research and consult with a financial advisor before making any investment decisions.