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Which crypto for big returns? Dogecoin or AAVE?
How long does Kraken take to verify you?
SELL SELL SELL
Get ready for weekend dips
Buy back on Sunday?
Is coinbase safe?
Add AVAX
I'd be comfortable with a lump sum in index funds, but not crypto. Way too volatile. DCA into crypto. I recommend concentrating on BTC and ETH to start. SOL seems promising too. Idk about ADA...
I recommend dumping your 5k into a stablecoin (e.g. USDC on voyager for 9% interest; happy to provide a referral). Then over whatever time frame you are thinking, sell USDC for your desired coin every week/month. This is what I'm currently doing and the 9% is a nice plus compared to if I had left that lump sum in a bank account instead.
In theory you could, and I know there are people that do. But it is not insured so there is risk there unlike an FDIC insured account. Up to you if you are willing to take that risk. The money I have in USDC is an amount I am willing to lose.
Look at $LUNA
We have similar investment goals. BTC and ETH are 90+% of my crypto holdings.
I DCA with 70% of the money allocated to crypto. Then buy FUD, sell greed with the other 30% because I thought I might as well play some volatility too. To track FUD/greed, I simply use the Bitcoin fear and greed index and Ethereum fear and greed index twitter accounts.