Topic: 500$ investments in currencies less than 0,30$ (Read 2469 times)

Now is the best choice would be matchpool.

You need to search total marketcap. The price of the coin is not important. Ripple is already one of the coins which have the biggest marketcap. Of course this does not mean Ripple can not go further. But this coin is not the one you are looking for.
For example Safe exchange coin SAFEX or SEC could be a good investment for long term. the price is about 150 satoshi (0.0033$). Total marketcap is about 7 million. And really very very big potential for the future, look at their slack. You will see their project and potential.

You have no clue what you are doing.

Buy a lottery ticket instead.

Actually, let me give u advise:

Btc
Etc
Eth
Ltc
Bat
Via
Crw
Shift

Put 40$ in eAch

So, you can have those same search results on the desktop of your computer and available without even opening a browser.  I keep a couple different sets of data that way. I do not use a Google doc, I seem to remember that the data importing was very hard to manage or not there at all.

Then, this is a huge thing right here.  Look up on the search engines how to embed a HTML data table into a CSV.  It is not hard, I just don't want to confuse you and explain it wrong, but the idea is simple, the data table from the site is automatically pulled into your document and updates regularly.

Absolutely hold these tokens in your own wallet.  Do not leave them on exchanges for long periods of time.  It will be a pain managing wallets, but it's what must be done.

I think it would be better to look for coins not yet listed on Bittrex. Getting listed there might be the first step to achieve a 100x return.

This is horrible advice on so many levels.

You realize he's looking for a coin that 100-1000x... On the case he is successful you realize how much of a pain it'll be to withdraw from Poloniex? I'd rather have 10 wallets than leave them in exchanges.

Bittrex is one place you can find a lot of low volume coins being pumped these days. Your guess is as good as mine which one will be next. 

When this altcoin have roadmap clear and promising, you can see it in Bitcointalk ANN thread or homepage Altcoin you want invest

Maybe need some days or one weeks to see it good or not, but if want invest long-term 1-3 years, spent more time to find the reason need invest this coin not bad choice

Need have target before invest, use feeling just make you have more misstake in future

Yes there are hardware wallets that you can store up 3-5 coins at the same time which means you can hold off without minding on how you gonna store those coins. If you are somehow active on trading coins then storing it on hardware might quiet hassle instead better store some small amounts on exchange wallets and remember not to store up large amounts since the risk on losing it is always there. If you are longing for HODL then hardware wallet is the best choice.

There are some hardware wallets that store more then one coin.  So put 4 coins there. 3 coins leave on Poloniex and 3 leave on Bittrex.

How do you determine which coins are worth investigating?
How much time do you spend on average investigating a coin?
Do you decide wheter to invest following specific criteria or your gut feeling?

Check also the volume. Sometimes coins are cheap, market cap is "good" but volume is very low. And also look on the markets. If there are some unknown markets its often hard to sell them then.

I would also take a look at Status. 5pennys per coin and not thaaat huge cap currently and a just released coin with a great potential

Be careful about that if market cap is low is mostly about its value not about that people escape it.

You should check out anything that doesn't in Top100 in Coinmarketcap if you want at least 100x. Top100 list has coins over 25 million dollar marketcap. If you pick the right one in the 101-200 list you become a millionaire next year. It's %80 detailed investigation and %20 luck. Even great idea projects have hard times collecting money sometimes.

Totally irrelevant. Market cap is what matters.

Sia has almost 30 billion coins and increased more than 100x in the last year.

Also important is to look at circulating coin supply and max coin supply. Hard to get 10x or 100x upside in coins
 that have many billions of coins.

What is important is the market capitalization of the cryptocurrency and not the cryptocurrency price itself!

If I buy 500 coins each valued 0.1$ (so 50$ spent) but the project has already a market capitalization of 1b $, then you would need the market capitalization to be 2b $ for the coin to double its value. (that 1b $ comes from other people investing in it!)

If, otherwise, you buy 20 coins each value 2.5$ (so 50$ spent) but the project as a market capitalization of 10 m$, then if would *only* need 10m investment in more for the coin to double its value and worth 5$...

So, of course, what's matter is the market capitalization.

Then, moreover, don't expect to x100 or x1000 your investment (even in 2-5 years). Because on average it would mean that the whole cryptocurrencies market cap would be of 10 to 100 trillion $ and that no other cryptocurrencies are developed during 2 to 5 years. For comparison, I think Gold is 8.2 trillion $ and whole currency exchange is 30 trillion $ (If I recall well). So, of course, it won't happen in such a small time because the market cap of all cryptocurrencies at the time of writing is already 100b$... Of course, lot's of projects might die and only the best would remain and we can hope to see fewer really good projects to invest in overall. Nonetheless, that would have meant that you would need to pick up the right project, right now and that not other better projects will show up in the next 2 to 5 years.

So, in a nutshell, don't think you can easily x100 or x1000 your investment right now (it was true in the past because the market cap of crypto wasn't that big and because of course, the risk of losing money was higher).
Also, as you are a newbie, it isn't that easy to stick to its position on a long-term... you will be tempted to look at the chart every day and see how well your investment is going. Each time there is a new coin/token you will think... well this one is a must-have and you will switch to it, and so on, and so on... there is the fear of missing out and the murphy's law...

Having said that, you should focus on low market cap coins (but not to law because the risk is too damn important to loose all and 500$ is not enough, so you cannot allow yourself to loose all right now).
You need to do your research to know which coin are the most promising because if you rely on other, people will only tell you to buy the coin they support... because, of course if you buy the coin they already
invest in, it will increase it's market capitalization and so they will gain (and you might not gain yourself).

So, do your research, it is not that easy to make money out of cryptocurrency! I personally advise you to look for coins that brings something new in term of transaction, anonymity, velocity. Don't buy shit coins like meme coins, don't buy coins that are +100% over the last hours compare to bitcoin at a certain time t (you will most likely regret it if you're new to crypto), just buy good coins with promising technology and good market cap and sleep on it