I'm not certain if I'm still in time here, as I believe the OP must have used the said $100 for a purpose best to him.
but I would kindly contribute to saying that crypto is the future and investing in it with the proper knowledge and mindset, is a very good way to go if you want to make an investment. One thing is certain which is the uncertainty of Bitcoin, which means no one can predict it's price confidently and it is decentralized, which also means that you're totally in charge. If you have the primary know of when to buy, HODL, make necessary sale and when to rebuy, then you're good to go.
Topic: A newbie with 100$ - page 2. (Read 1263 times)
Never be afraid to put your money in Bitcoin or Ethereum, you have to take risks to achieve something profitable. Crypto investment is always faced with two choices, namely profit and loss, people who are successful in Crypto investment are those who have the determination and dare to take risks.
$100 is enough value for your initial investment, you should choose Bitcoin because Bitcoin is a completely decentralized crypto and bitcoin has provided a commensurate return on investment. It doesn't matter if you want to profit from coins other than Bitcoin, as long as you make profit then it is the best investment for you.
$100 is enough value for your initial investment, you should choose Bitcoin because Bitcoin is a completely decentralized crypto and bitcoin has provided a commensurate return on investment. It doesn't matter if you want to profit from coins other than Bitcoin, as long as you make profit then it is the best investment for you.
In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
There’s always a difference if you start investing it a bearish market and hold them for years for big profits in the future. Though you can’t expect fast profits, but you know you will surely reap good results in the future as long as you have invested and hold bitcoin and ethereum. That is faith, regardless how small your capital is, you know it will always make a big difference when your investments start working. 
So beginners must understand first about market conditions, if it is still difficult, it is better to choose a safe investment, namely bitcoin.
Sometimes beginners just want a quick profit so choosing an altcoin that is currently hype is a trap that will be felt by them.
beginners love the hype that is common in the altcoin market. We used to often see how the meme coin flew and then sank.Sometimes beginners just want a quick profit so choosing an altcoin that is currently hype is a trap that will be felt by them.
Wanting to quickly get a profit can also make us lose quickly. beginners without trading skills, better buy BTC and hold long term. it will be safer.
although I know, no one will be able to manage the OP's finances, he is the one who has the right to manage the assets he wants to develop. if you are still curious about altcoins like that, I think he already knows the risks.
I agree with your opinion, $100 in this bear market will be difficult to double, because the market conditions are not very good. Only people who have good trading knowledge can do it quickly but that doesn't guarantee that there will always be a profit. I trade using $100 when the market is bullish and the altcoins are recovering and it will be easier to get more returns. most importantly don't invest in altcoins that are not clearly progressing even though they get good hype at first. research is needed for that so that it doesn't get stuck on junk altcoins and what's better is bitcoin and ethereum.
A beginner with a capital of $100 and market conditions are bearish is difficult to multiply if you rely on trading, indeed because beginners do not have more ability in this matter except for long-term investing and choose from one of the BTC or ETH coins that are their dreams, but there are my friend's incident can be said to be a beginner but he is too ambitious in altcoins that are not clear in his development even though my friend has reminded me that in the bear market trading is more difficult especially choosing an altcoin that is not clear and in the end he lost around 70% of assets even though it The tokens are not sold yet but I think that price recovery is not possible unless you expect bullish and come tokens can stay in the market.So beginners must understand first about market conditions, if it is still difficult, it is better to choose a safe investment, namely bitcoin.
Sometimes beginners just want a quick profit so choosing an altcoin that is currently hype is a trap that will be felt by them.
~snip~$100 will not fly, not in this bear market. Another angle is that if he has the knowledge of trading $100 can give him up to $300 or even $500 before the year was out.
Investing in Bitcoin or Ethereum will give you good gain only during the next bull and I am not sure you won't withdraw the capital before then.
Investing in Bitcoin or Ethereum will give you good gain only during the next bull and I am not sure you won't withdraw the capital before then.
I agree with your opinion, $100 in this bear market will be difficult to double, because the market conditions are not very good. Only people who have good trading knowledge can do it quickly but that doesn't guarantee that there will always be a profit. I trade using $100 when the market is bullish and the altcoins are recovering and it will be easier to get more returns. most importantly don't invest in altcoins that are not clearly progressing even though they get good hype at first. research is needed for that so that it doesn't get stuck on junk altcoins and what's better is bitcoin and ethereum.
Usually I suggest to divide money into different investments. But probably $100 is too small amount for it. If I would be you, I'd go with Bitcoin, now it's good time to invest. But when it comes to investing, there is more factors involved. Question, how long you're planning to hold Bitcoin and cash out profit.You shouldn't expect for fast profit. Yeah, it's bear market, but nobody knows how long it will continue.
Actually it's a newbie who don't know exactly the system of investment, because i believe that investment of such have to come with two dimensions irrespective that the funds are small to run a Bitcoin investment, because it's only going yield something positive depending on the time duration of the Bitcoin investment, i emphasis on two dimensions assumed that it's on my possession, i would have used $50 to invest on altcoins and the remaining $50 for Bitcoin, knowing that it's altcoins that can yield profit if bullish season meetup the investment. 
In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
It really depends on your perspective. If we’re talking about BTC or ETH, most likely it will be for long term without knowing when it will actually push through. The price movement is uncertain and unpredictable, so you may not know when will it happen and it can go up or down without warning.
$100 can be a good start for beginners if they want to invest or trade.
I even traded with $100 and then it grew to $200 in less than 1 month. I do scalping continuously so little by little I get profit and I continue to trade.
As a beginner, you must also know the knowledge of reading the market even though you don't fully understand it, but know its limits. and you can also do DCA to save bitcoin and for the long term, suppose every week you save $10 at any price and hold it for a few years and forget about it.
In my honest opinion I will say that $100 might not make any difference if he invest it and either Ethereum or Bitcoin.I even traded with $100 and then it grew to $200 in less than 1 month. I do scalping continuously so little by little I get profit and I continue to trade.
As a beginner, you must also know the knowledge of reading the market even though you don't fully understand it, but know its limits. and you can also do DCA to save bitcoin and for the long term, suppose every week you save $10 at any price and hold it for a few years and forget about it.
If I was to advising, I would say he use that money to invest in any physical business no matter how small that can give him some teturns. $100 will not fly, not in this bear market. Another angle is that if he has the knowledge of trading $100 can give him up to $300 or even $500 before the year was out.
Investing in Bitcoin or Ethereum will give you good gain only during the next bull and I am not sure you won't withdraw the capital before then.
$100 can be a good start for beginners if they want to invest or trade.
I even traded with $100 and then it grew to $200 in less than 1 month. I do scalping continuously so little by little I get profit and I continue to trade.
As a beginner, you must also know the knowledge of reading the market even though you don't fully understand it, but know its limits. and you can also do DCA to save bitcoin and for the long term, suppose every week you save $10 at any price and hold it for a few years and forget about it.
I even traded with $100 and then it grew to $200 in less than 1 month. I do scalping continuously so little by little I get profit and I continue to trade.
As a beginner, you must also know the knowledge of reading the market even though you don't fully understand it, but know its limits. and you can also do DCA to save bitcoin and for the long term, suppose every week you save $10 at any price and hold it for a few years and forget about it.
Good job for being willing to make the first step in investing and the way you understand to invest only the amount you can afford to lose as Bitcoin and cryptocurrencies are still not an easy way to get rich since we really do not know what exactly happens in the future.
So how far can your $100 go? Most people including myself predicted Bitcoin to reach a minimum of $100k in the next couple of years which means your $100 might turn into $500 or even more. Not bad for a $100 investment. You can also learn how to trade if you want to ride with the price swings and profit more.
So how far can your $100 go? Most people including myself predicted Bitcoin to reach a minimum of $100k in the next couple of years which means your $100 might turn into $500 or even more. Not bad for a $100 investment. You can also learn how to trade if you want to ride with the price swings and profit more.
In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
Yea $100 is a good starting to invest in Bitcoin, my first bitcoin was bought with $50,presently the amount has increased,You need to learn on how to get a wallet where you can save your Bitcoin after purchasing it, so that hackers will not steal your coin. Holding your Bitcoin is the major challenge you might be facing especially if the price drops lower than this.Invest with your savings alone,this will help you not bother about your investment if making profit or not. At 2010 to 2015 those that invested with $100 are millionaires now. However people still believe that in next bull market, Bitcoin price will be very high.
There is no minimum anyway. Just expect a long-term hold right now just from how Bitcoin went down. Really a cheap price for me as of the moment if you would ask me, but the decision would still be up to you.
About if "that would get you anywhere", in a longer term, it is obviously yes.
Since we are still in bear market condition these days, then expect that long term hodling is the best way to gain profits. And of course, invest in bitcoin and hold for long term. $100 is never too small or too big, as long as you invest it in the right and established coin, and with bitcoin you can speculate that it will grow $200-$300 depending on how many years you plan to hold it. About if "that would get you anywhere", in a longer term, it is obviously yes.
How long can you hold it in an investment for? If its money you don't need then it's better to invest then not but if you don't have much in assets you might be able to invest it elsewhere and get a more stable return (as crypto is still emerging imo).
You can expect from your $100 to be double or triple once you take the risk investing in bitcoin, but we can’t tell when it’s gonna happen. So if you are not eager to make profits and you’re planning it to invest in long term, then investing in bitcoin can be a perfect choice. However, if you will be needing your money in a short period of time, I guess crypto investment will not fit for you. Go find some stable investment that will guarantee fast profits so you can use your money anytime. A $100 investment in bitcoin will make sense if you hodl it for a long. Not for short-term purposes. Don't invest now, if your only intention is to make quick gains on your investment. A $100 investment in bitcoin is small(calculate on a bitcoin price of $20,3400). But it's good to invest in crypto in what you can afford to lose
Yeah. Investing in bitcoin today is a bet on the future. One shouldn't expect to make quick gains, but instead should invest in what one can afford to lose. Bitcoin has proved to be stronger and stronger with every bull run in its history. Every time it hits a new record high. The $100 investment will grow in time, provided you are patient enough to hold it for at least 3-5 years.
But I would still recommend the DCA method, i.e. invest gradually in small amounts over a period of time. This way, your investment will grow steadily over time and will be less affected by market volatility.
A $100 investment in bitcoin will make sense if you hodl it for a long. Not for short-term purposes. Don't invest now, if your only intention is to make quick gains on your investment. A $100 investment in bitcoin is small(calculate on a bitcoin price of $20,3400). But it's good to invest in crypto in what you can afford to lose
In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
Don't be discouraged, my friend, everything must start from the bottom, because if the money used is still small, the risk must also be small,That's the point of training yourself, mentally training, so that if one day you start to develop, you will definitely be able to manage your financial situation and management better.
If you're just starting out, don't focus on making large sums of money first. What you should consider is how $100 might turn into $200 and so on. It implies that you must be knowledgeable and skilled in the trade. You have an opportunity to buy at lower prices. Bitcoin or Ethereum are both solid options but I'd rather go for Bitcoin.
As rightly put, knowledge is what a newbie should seek first before buying or trading with $100. It shouldn't always have to be a sorry tale of an experience that went haywire and made you loose, simply because you skipped the basic process involved in turning the $100 to $200. What, how, why and when are very important question points that can help a newbie unravel the mysteries of crypto investment and trading, if properly answered in any order. While Bitcoin is much preferable for a newbie because it is much more original in idea and its certainty, other coins maybe be invested in for diversity, security and yields. Also, newbies should take time to do their own research so as to avoid scams in any form and preserve passwords or keys that may be easily lost or forgotten.
In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
Obedence is better than sacrifice, if you are lead to invest $100 in the bear market, to invest Bitcoin or Ethereum as you said, have no time to wast, because every business has risk to take, before you can make it, like wise me here, i am a new member in this forum, and i am ready to learn more about investment and trading, like to become a Full Member of this forum. Therefore everything is possible to change a life investing $100 in cryptocurrency.
If you're wondering whether this investment will make you obscenely wealthy and set you up for life, the answer is probably not. That shouldn't deter you from investing in bitcoin and switching to altcoins, as that's a common error made by beginners who believe it's too late to make millions with a few hundreds or thousands of dollars' value of bitcoin and start losing all of it on some shitcoin.
We can't really think about earning millions if we can't afford to loss a small amount. Just like any for of investment, putting a huge amount will also gives you back more. But what we can do for $100? Make use of this to familiarize the market and it serves as trial and error in order to assess if we can really manage the risk and stress in here. Newbies are too speculative and thinking high, and it was the time to stop thinking easy money here. We actually can make some earnings from $100 but not to the extend of earning thousand dollars.
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