Which cryptocurrency can I buy with 100 000 yen?

3 answers

• Jan 05, 2022 · 3 years ago
  Sure! With 100,000 yen, you have several options for buying cryptocurrencies. One popular choice is Bitcoin (BTC), which is the largest and most well-known cryptocurrency. It has a long history and is considered relatively stable compared to other cryptocurrencies. Another option is Ethereum (ETH), which is the second-largest cryptocurrency and has a strong community and development team behind it. Other potential choices include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have shown potential for growth and are widely traded on various exchanges.
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• Jan 05, 2022 · 3 years ago
  If you're looking for a more speculative option, you could consider investing in altcoins. Altcoins are cryptocurrencies other than Bitcoin and Ethereum. They have the potential for higher returns but also come with higher risks. Some popular altcoins include Cardano (ADA), Binance Coin (BNB), and Polkadot (DOT). However, it's important to note that altcoins can be more volatile and may not be as stable as Bitcoin or Ethereum.
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• Jan 05, 2022 · 3 years ago
  At BYDFi, we recommend considering a diversified portfolio of cryptocurrencies. This means spreading your investment across different cryptocurrencies to reduce risk. With 100,000 yen, you can allocate a portion to Bitcoin, Ethereum, and a selection of altcoins. This strategy allows you to benefit from the potential growth of different cryptocurrencies while minimizing the impact of any individual coin's performance. Remember to do your own research and consider factors such as market trends, project fundamentals, and risk tolerance when making investment decisions.
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