If I Only Had $1,000 to Invest in Crypto… I’d Do This

[00:00:00]If I only had a thousand dollars and I wanted to get into crypto, this is exactly what I would do. Exactly what I would do is I would not invest in crypto if I only had a thousand dollars. I would try to either just keep that thousand dollars. That doesn't matter.

[00:00:15]That's really not any money. What I would focus on instead is education.

[00:00:20]Actually try to learn what crypto is, what projects you might want to be looking into. I would stay far away from trading. I would stay far away from meme coins. I would try to focus on building a long-term game plan. I would work, right? A lot of people do not like to work, but this is something that I did not want to do years ago, but I had to work overnights at UPS. I had to work as an Amazon truck driver. I had to do so many other jobs like that. I did not want to work, but I had to do so in order to make money, to be able to fund my my crypto portfolios, right? So that's something that I think that a lot of people have to just do. So if you're watching this video right now and you know, you might only have a thousand bucks or you know, maybe a couple thousand dollars and you want to get into crypto. I probably wouldn't just blindly just hop in on a hope and a dream, right? I would actually try to build a system for yourself where you can start just chipping away, right?

[00:01:12]Everyone starts from somewhere, so this is not shaming anybody, but you should actually have a system besides just throwing a thousand dollars in and hoping that that gets you rich. You should actually have a system in place where you can continue to grow and you can actually have something where it's like, "Okay, I'm going to buy this amount weekly." Just say if you get paid seven hundred fifty dollars a week from your job. "Okay, I'm going to take an X amount of that and put it into the crypto market every single week."

[00:01:35]Personal experience, what I used to do is when I used to work at Amazon, right?

[00:01:39]I was doing you know, I was working there from you know, 9:00 to probably 7:00 p.m. Eastern time, right? And I would be driving the trucks all day long, making only like six hundred dollars per week at the time. And this was actually not too long ago. This isn't 2024. This is only like two years ago, right? And I was only making six hundred dollars a week trying to buy XRP. I would put my whole entire paycheck into XRP when it was trading at, you know, 40 cents per coin, you know, I would just save up. I realized I need to buy XRP. That situation might be different for other people where you might actually have other bills that you have to pay, right? So, just try to come up with some sort of system for yourself where, you know, you put a percentage of that paycheck into the coins that you have done research on. But, if you're someone that is, you know, currently sitting on a limited bankroll, I would stay away from meme coins. I would stay away from maybe trading. I would more focus on building a long-term plan first, and then you could start looking into, you know, trading and meme coins and all the more risky stuff. But, you should definitely put a lot less capital into trading or memes in general. It doesn't matter how much money you have compared to your long-term capital.

[00:02:44]Like, for for myself, I have a lot of my capital in XRP. I have a good amount of capital in Zcash. Not a crazy amount. I I have 10,000 invested, but compared to my XRP bags, that's that's not necessarily too much. But, this is something that has taken years, right?

[00:02:59]And then as far as trading, we trade with around like $20,000 of capital. And then in meme coins, you know, nothing really too crazy, couple hundred bucks, right? So, as long as you actually have those foundations for yourself where you can actually say, "Okay, this is my long-term. I'm going to put more capital here into long-term." There's another coin that I think might be like mid-long-term, maybe a little bit, right? I'll throw a little bit there.

[00:03:20]Trading, I'll throw some capital here, nothing too crazy. And meme coins, I'm not I don't not really going to go crazy. I'm not going to gamble like a crazy amount. I'm just going to throw a little bit here. Okay, fine. But, the moral point of this video is if you're currently sitting on, I don't know, 500 bucks, 1,000 bucks, 2,500 bucks, don't don't just buy a crypto coin and then just bank on that and sit and do nothing. You should actually be working.

[00:03:44]You should trying to, you know, maybe start a business. Try to earn money so you can actually buy more and have a consistent system for yourself. But, let me know in the comments what coins are you guys buying right now? What system do you have in place? Are you currently sitting on one coin invested in just kind of hoping for it, or are you buying, you know, a certain amount of Bitcoin, a certain amount of Ethereum, a certain amount of XRP, Solana weekly?

[00:04:07]Let you guys let me know in the comments what you guys are doing as your game plan. And make sure to hit the subscribe button, and I'll see you guys in the next video.