A newbie with 100$ - page 7. | Bitcointalksearch.org

KingsDen

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Quote from: SatoPrincess on July 08, 2022, 04:14:26 PM

Most of the replies you will get here will be to buy bitcoin and not eth because altcoins are risky. Bitcoin is also a volatile asset, there is no guarantee your investment will double. Invest with the mindset that bitcoin is not a get rich quick scheme. Invest only what you can afford to lose. Should your $100 eth or Btc reduce in value will you be able to bear the loss?

Very good advice. $100 to some people is not a big money, but to some people it's like $1000. People are advising him to invest in bitcoin and wait. For how long will he be able to wait. Even if bitcoin moves from $21k to $42k, he can only be able to make $200 which is a very bad business, depending on how long it will take.

Honestly, if Op has some trading skills or if he can learn. Day trading altcoins with $100 will be a better option for him. He could get 1 to 5 dollars daily to add to his capital. By the end of 30days, he could double his capital if he removed greed.

Shamm

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Ethereum and bitcoin if we compare the two of these best coin to start your investment, then For now it's a good choice to have a BTC your 100$ is good for the start of your investment But you should always remember its better to invest and use our exist money because in the world of crypto we can not sure that every seconds our money will be grow. It takes long time to have a good profit.

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Quote from: KiaKia on July 08, 2022, 02:43:55 PM

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?

If you are willing to invest for the long term, I mean to invest it at least until the next bulls era after several years, I will prefer to choose Bitcoin. The chance to rise up much higher between BTC and ETH may be higher in BTC, ALthough this is not guaranteed, but commonlyBitcoin has better chance to rise up. But as otehr said that you must be ready witht he risk because investin in cryptocurrency means that you have been ready with all risks.

tadamichi

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Quote from: SatoPrincess on July 08, 2022, 04:14:26 PM

Most of the replies you will get here will be to buy bitcoin and not eth because altcoins are risky.

Its not just about this, but EIP-1559(burning of coins in transactions) already makes ethereum useless for newbies with small amounts, combined with potentially crazy transaction fees. Then we also have an upcoming merge to a flawed form of security with unknown consequences. And ethereum is even more volatile than Bitcoin. Its only argument is to be platform for shitcoins and jpgs that are stored on centralized websites. A weak use case. Theres not a single reason why someone should prefer ethereum over Bitcoin, and especially not a beginner.

SatoPrincess

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Most of the replies you will get here will be to buy bitcoin and not eth because altcoins are risky. Bitcoin is also a volatile asset, there is no guarantee your investment will double. Invest with the mindset that bitcoin is not a get rich quick scheme. Invest only what you can afford to lose. Should your $100 eth or Btc reduce in value will you be able to bear the loss?

Rikafip

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Quote from: KiaKia on July 08, 2022, 02:43:55 PM

As a newbie who have only 100$ to risk is this even enough?

Invest no more than you can risk, as simple as that. And $100 is not bad start at all, combined with an excellent time when you decided to buy.

Quote from: KiaKia on July 08, 2022, 02:43:55 PM

Can this get me anywhere?

If you are asking whether this investment gonna make you filthy rich and sort you for life, then the answer is most probably not. That shouldn't discourage you from investing in bitcoin and turning to altcoins as that's the common newbie mistake, thinking that they are too late to make millions with few hundreds/thousands of dollars worth of bitcoin so they end up losing everything on some shitcoin.

tadamichi

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Quote from: Cryptpogz1 on July 08, 2022, 03:31:07 PM

Quote from: KiaKia on July 08, 2022, 02:43:55 PM

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?

The only way you can make any tangible amount of money with 100$ is to use leverage, But since you're a newbie i strongly don't recommend you go that route.

Not your keys, not your coins. Even more advanced people shouldnt solely/ at all go into leverage, because you can also get into debt quickly. And the primary focus of a newbie should be learning and taking self custody, not getting some profits faster.

LTU_btc

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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.

The Cryptovator

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For high Liquidity coins, $100 won't make any difference on the chart. About buying, it depends on you. Because it would double or more after a certain period. This means you have to hold till then. If you can't hold or can't afford loss then don't invest. Cryptocurrency isn't a scheme to make you rich over the night.

Cryptpogz1

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Quote from: KiaKia on July 08, 2022, 02:43:55 PM

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?

The only way you can make any tangible amount of money with 100$ is to use leverage, But since you're a newbie i strongly don't recommend you go that route.

acroman08

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Quote from: KiaKia on July 08, 2022, 02:43:55 PM

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?

yeah, it's enough, I mean you'll gain profit from it if you hold it long enough(that is if the price of the cryptocurrency you mentioned started increasing). between the two cryptocurrencies you mentioned, I would rather invest in BTC than Ethereum.

Fivestar4everMVP

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Quote from: KiaKia on July 08, 2022, 02:43:55 PM

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?

I think it solely, depend on how long you are willing to hold, like jackg said, if its money you will be needing anytime soon, then i will suggest that you invest the money in some other place, if it must be crypto, then looks for a very legitimate, promising, highly undervalued altcoin and invest your $100 in, this is because investing $100 in bitcoin or Ethereum will likely not bring you any profit in a short term period, except you are willing to leave it for a very long time until the investment yield you some profit, even for $100 investment in Bitcoin and Ethereum to worth $1000 can take forever, so you have to really sure of your decision.

tadamichi

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Quote from: KiaKia on July 08, 2022, 02:43:55 PM

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?

Everyone started small at one point, no matter with what in life. Building even something small will make a huge difference over time, if you stay at it consistently. Even small steps will make a huge difference over time, compared to just standing still. If you just wait till you already have a lot of money, you will never get there. And this kinda applies to everything in life, the bigger risk is doing nothing.

So yeah 100$ is a completely appropriate amount to start with. And then just find a monthly/ weekly amount you can afford to save into Bitcoin, then it will really make a difference over time and can better your financial situation a lot, if Bitcoin succeeds. So what matters is more what you do after having invested the 100$. But never forget:

Never risk money you cant afford to loose.
There are no guaranteed profits.
Understand what you are investing in, use this opportunity to really learn about Bitcoin, theres a lot of catching up to do.

Now about the current situation, the prices are down a lot, so its a good time to get into Bitcoin. And as a rule of thumb i would say, 4 years is the minimum amount of patience someone who is going into Bitcoin should bring with. And then you can evaluate if you want to continue or not. And if it was worth it or not.

m2017

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If you are willing to be patient and wait, then you can safely invest in btc or eth. It is not known how long it will take for the bear market to change, but it is better not to tune in for a short period of time. Also, your $100 invested won't make you a millionaire, but it's possible to multiply them, which is also good.

Pokapoka124

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Investing $100 in Bitcoin is a good place to start, at today's price of $21802/BTC will give you 0.0046 btc. The way I see it, don't focus on thre dollar value but rather be focused on the amount of bitcoins you have stacked. You get a good feeling when you hodl a good amount of bitcoins. Buying today is a good investment because you would be buying dip should Bitcoin price fall down further you can still buy more and hodl

isaac_clarke22

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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.

Charles-Tim

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You can risk it, then invest it on bitcoin, that could turn $200 or more one day. But we are in bear market, never be deceived by any further downturn this time as bitcoin price has plummeted significantly.

jackg

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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).

KiaKia

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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?

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