Then trade it with altcoin where have high volume and maybe will pump soon. That is need some analytic.
If you think that is hard, just HODL, sell it when you think profit is good.
Not recommended to gamble it. I already loss many bitcoin
Topic: Advice for a poor newbie (Read 729 times)
I prefer 100% in Bitcoin.
Then trade it with altcoin where have high volume and maybe will pump soon. That is need some analytic.
If you think that is hard, just HODL, sell it when you think profit is good.
Not recommended to gamble it. I already loss many bitcoin
Then trade it with altcoin where have high volume and maybe will pump soon. That is need some analytic.
If you think that is hard, just HODL, sell it when you think profit is good.
Not recommended to gamble it. I already loss many bitcoin
Hello, I recently got into crypto because I find it really interesting and if you can make a bit of money with it, why not get into it.
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
If you can see each of your coins can increase higher than the price you bought, you can sell it in bitcoin pair altcoin. But if you prefer to hold your altcoin, then you can still hold while waiting for the next bull run for the altcoin. If you want to add more money each week, then I suggest you buy the only bitcoin because you already have BNB, TRON, and ETH. It's better to hold bitcoin as much as you can than to hold the altcoin. But that will be up to you to choose.
it may not make good investment sense to keep small coin parcels. better but BTC which is the most popular of the other cryptocurrencies.
Try to pick that in which if you will get more profit if you will hold for a long time and also do your fully research about the coin then only invest so that you will be at the safer side. If you are not sure then don't put all your money in one coin.
I think the most important advice I can give you in reference to getting into crypto isn't in trying to find the next gem coin to make money on.
Learn how crypto works 1st, learn the technology, how crypto has evolved, and will evolve over time.
Do that before you ever invest one more cent into crypto!
Bitcoin is king for a reason!
Buy bitcoin 1st and then as you learn, in time, then buy some alts but do your own due diligence 1st! don't just buy what others tell you to buy, research then research some more.
Right now many alts are dying out due to the "crypto winter" and their current prices aren't the most important consideration to look for. you want projects that can continue to weather through this time and have quality built into them not fly by night gimmicks.
Learn how crypto works 1st, learn the technology, how crypto has evolved, and will evolve over time.
Do that before you ever invest one more cent into crypto!
Bitcoin is king for a reason!
Buy bitcoin 1st and then as you learn, in time, then buy some alts but do your own due diligence 1st! don't just buy what others tell you to buy, research then research some more.
Right now many alts are dying out due to the "crypto winter" and their current prices aren't the most important consideration to look for. you want projects that can continue to weather through this time and have quality built into them not fly by night gimmicks.
Hello, I recently got into crypto because I find it really interesting and if you can make a bit of money with it, why not get into it.
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
Since it's a small amount and one false can trigger big lost I advice that you only invest your money on the top 5 coins in the market and do not look for a new coin now, there's a lot of risk investing in ICO, Bitcoin and Ethereum is a sure bet, you can start to invest when the price is dipping so that when the price goes up you will have profit, then keeps adding funds until you build a good portfolio.
I think it is best to hodl other coins if you can afford to and have extra or if you use that particular coin. For me I hold mostly bitcoin and a fair sum of eth. I use the eth since I bounty hunt and need it for gas to trade. I also use eth to buy things online through payment gateways like coinpayments. You can make some quick profits if you carefully select and support projects and then sell them off quickly while the going is good and then use that to grow your bitcoin investment. Once it is fairly large you can consider holding other altcoins for the long term. Right now focus bitcoin 100%
If i were you i would just keep on buying BTC every week and HODL it as long as possible. Price will rise for sure in the future!
My advice is: invest 100% of what you have in BTC
If I have done that, I would have much more money in my portfolio now. Every coin , even ethereum and ripple, in the long term have a worst performance than BTC.
You may get lucky and get some coin with a huge pump, but that's like gambling
Just go 100% BTC and you will be fine in long term.
A 100% BTC portfolio have a better performance than 99% portfolios out there.
This is absolutely true, Hodling Bitcoin, I feel safer, than Hodling some other coins... If I have done that, I would have much more money in my portfolio now. Every coin , even ethereum and ripple, in the long term have a worst performance than BTC.
You may get lucky and get some coin with a huge pump, but that's like gambling
Just go 100% BTC and you will be fine in long term.
A 100% BTC portfolio have a better performance than 99% portfolios out there.
You know that feeling you get where you feel at home, dats why I will advice Btc investment
Do. Not. Invest. In. Things. You. Do. Not. Understand.
Why did you personally pick these coins? To be honest, if you're asking these types questions, chances are, you haven't even consulted Google. Also, the best investments and the risk to reward ratio that's best for you completely depends on your finances. Do we know your financial situation? No. Only you does.
Probably put money into cryptocurrencies if:
Invest in other safer assets(stocks, ETFs, etc) if:
Yea I agree with the phrase "do not invest in things you do not understand" as this will mean total loss for you even before you began. Why did you personally pick these coins? To be honest, if you're asking these types questions, chances are, you haven't even consulted Google. Also, the best investments and the risk to reward ratio that's best for you completely depends on your finances. Do we know your financial situation? No. Only you does.
Probably put money into cryptocurrencies if:
- You have extra money that you can afford losing.
- If you actually understand what these cryptocurrencies are for.
Invest in other safer assets(stocks, ETFs, etc) if:
- You'd prefer to not have something that could crash in value overnight.
- You simply do not afford losing money.
My advice is, get more facts, research about the market trends and of course your method is great too, asking advise from experts, these will give you a fighting chance
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
I would switch everything to one crypto which is Bitcoin. It has most chances to gain value long-term.Keep buying even low money eventually will give you more serious amount of BTC that could give you nice profit.
Its not investment advice per se, do what you like, i would do this.
Hello, I recently got into crypto because I find it really interesting and if you can make a bit of money with it, why not get into it.
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
Your pattern of investment should be long term investment not short term investment. Hodling is the best thing for you cos your investment is abit poor and it wont be giving you the desirable profit you longed for. Invest hugely if you want short time investment The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
Always you must tried the top token to invest. if you holding some coin ready to invest & you may get a lot of profit in return beside all you must used the safest way that makes you allow to get benefit i think BTC portfolio is best for investing therefore it gives you 100% chance to getting profit & not involve in risk rather than other alt-coins so you may invest in bitcoin you must also know which platform is best for investing read the policies and invest according to it.
Seems you are investing just for profits and you have zero knowledge about the projects you invested in, why not spend your time on learning the differences first? you might actually find yourself some nice answers that will make you decide whether to invest in bitcoin or even decide between longterm and short term investment...Do not invest a penny in anything you knew nothing about, Remember that knowledge is power,without knowledge you will take the wrong path
The decision is all about how much risk you are willing to accept. Bitcoin is the safest bet, but alts, particularly low cap alts, are a lot more like just throwing the dice and hoping for the best. The lower you go in market cap, the higher the potential reward, but also the higher the risk.
Personally I would say go for BTC, with some ETH. But then that is based on my own limited appetite for risk.
Personally I would say go for BTC, with some ETH. But then that is based on my own limited appetite for risk.
I will advice you go more into investing in bitcoin let say 70% investment on bitcoin and spread your capital on some other coins, if you get lucky the altcoin market may get a pump and at that you get more profits from that. But above all if you want to go in for long term purpose then you hold bitcoin.
My advice is: invest 100% of what you have in BTC
If I have done that, I would have much more money in my portfolio now. Every coin , even ethereum and ripple, in the long term have a worst performance than BTC.
You may get lucky and get some coin with a huge pump, but that's like gambling
Just go 100% BTC and you will be fine in long term.
A 100% BTC portfolio have a better performance than 99% portfolios out there.
If I have done that, I would have much more money in my portfolio now. Every coin , even ethereum and ripple, in the long term have a worst performance than BTC.
You may get lucky and get some coin with a huge pump, but that's like gambling
Just go 100% BTC and you will be fine in long term.
A 100% BTC portfolio have a better performance than 99% portfolios out there.
Exactly this.
For some reason people think BTC won't give them high enough return, so they choose to invest in various alts that might have better performance in the short term, but for that you have to be experienced trader to get out on time and actually profit, and even they can miss a lot.
I thought the same year or two ago, but now I invest only in BTC, I don't care about any other cryptocurrency, BTC by itself is risky enough as investment, I don't have to push my luck that much, and as you said, in the long run BTC will outperform others and that's what matters in the end.
IF your end goal is money you need to think about ownership and have the mind of a capitalist. Not just making money by speculating, when you have actual businesses that make money off others you will become wealthy.
If you question what coin to always invest in, always invest in BTC.
New user-> 100% BTC -> read/learn -> Portfolio of coins/ trading.
This is what I prefer doing. Initial stage is not for portfolio.
This is what I prefer doing. Initial stage is not for portfolio.
Hodl the coins you have and also invest in potential altcoin that will have value in the future. Don't just depend in altcoin only but invest also in bitcoin
Invest in popular coins that are currently low in value. They will rise eventually. i.e DOGE etc
Evaluate the price in dollars and Satoshi. Enter the market in which you are most comfortable. The price increase is very close. Invest in popular coins or tokens. Without popular coins, you will not need time to deal with losses. 
Invest in popular coins that are currently low in value. They will rise eventually. i.e DOGE etc
There is an advantage of holding multiple coins. When there is a rise, you can get more money. I would rather advice that you convert all your money into Bitcoin, because it can pump really high and you can make huge profits as compared to those of alts.
I think you should not hold bitcoin and eth, little profit but great value. I used to buy a currency like shitcoin at a very low price. After a while, it seems that shit has turned gold, my profit has reached over 400%, in 1 week. So I want to advise you with your little money you should buy shitcoin and wait for the unexpected
Altcoins have higher profits than bitcoin but its more risky than bitcoin so you should pick one that will suit you or invest in bitcoin and altcoins
Don't tell OP that alts have higher profits because it might change his point of view about bitcoin vs. alts. @OP investing to bitcoin is like a sure ball, you just have to wait for few more months and do nothing until the value of your bitcoin holding increases together with the price.There are incidents that alts doesn't go along the way of bitcoin.
The logic is:
Bitcoin rises, alts fall but after that it goes together to the rise of bitcoin however knowing the timing is difficult.
And this pattern usually happens so think before investing into alts. OP doesn't have that much to invest so it's safer to advice that he should go for bitcoin first before anything else.
How do you think BNB is a good choice? What's the basis of your interpretation? BNB is overvalued now even. It doesn't have anything to be priced at $30. Just because of the IEO, it got significant pump. Initially I have the same thought but, the truth is it's still a shit centralizes coin.
Can you imagine what will happen if a significant hack goes over Binance? Let me remember- Waso, waso, waso, bitconeeeeeeeeeeeeet.
We may derail this thread if we go back and forth with this. Obviously, you have your own opinion of BNB and others like me have another. You can go go check the various BNB topics on Altcoins Discussion board. Can you imagine what will happen if a significant hack goes over Binance? Let me remember- Waso, waso, waso, bitconeeeeeeeeeeeeet.
For example you can collect BAT by using the Brave Browser, which I think is a great browser.
I've been wanting to try this but it is not yet available in our region. 
Here is my philosophy.
Only collect altcoins if you can get them for "nothing". For example you can collect BAT by using the Brave Browser, which I think is a great browser. You can get a few to start through the Fit to Talk English project as well.
I don't think you should speculate, but you should collect Bitcoin through scalping on an exchange like Coin Base. Keep a long term HODL wallet, and don't spend or exchange those for a couple of years. Watch videos like Krown's Crypto Cave to learn about Bitcoin price movements, and buy coins when you think the price is low. Sell them when you think the price might go down, and buy back again later. Don't use gearing ( leverage ), and never sell coins for a loss. If the price is below the price you paid, then either wait for a recovery, or move the coins into your HODL wallet.
I don't believe that you will lose money using this method, as long as you can hold on for at least a couple of years. The method is similar to dollar cost averaging, but includes a bit of speculation which should give your holding a boost. Note, because this is low risk, then it won't make you rich overnight, and it does require you to learn a bit about the price movements of Bitcoin
Only collect altcoins if you can get them for "nothing". For example you can collect BAT by using the Brave Browser, which I think is a great browser. You can get a few to start through the Fit to Talk English project as well.
I don't think you should speculate, but you should collect Bitcoin through scalping on an exchange like Coin Base. Keep a long term HODL wallet, and don't spend or exchange those for a couple of years. Watch videos like Krown's Crypto Cave to learn about Bitcoin price movements, and buy coins when you think the price is low. Sell them when you think the price might go down, and buy back again later. Don't use gearing ( leverage ), and never sell coins for a loss. If the price is below the price you paid, then either wait for a recovery, or move the coins into your HODL wallet.
I don't believe that you will lose money using this method, as long as you can hold on for at least a couple of years. The method is similar to dollar cost averaging, but includes a bit of speculation which should give your holding a boost. Note, because this is low risk, then it won't make you rich overnight, and it does require you to learn a bit about the price movements of Bitcoin
Hello, I recently got into crypto because I find it really interesting and if you can make a bit of money with it, why not get into it.
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
It is better not to invest if you do not know much but, as 2020 is next halving BTC can give you greater profits. Also, instead of having a portfolio and investing time in managing a portfolio. You can hold BTC in longer run and invest the time in learning more about cryptocurrency and Blockchain technology.
I think this is the worth utilisation of time and money.
I can also advice you to invest at least 90% of money in Bitcoin, and maybe you can play with 10% by investing in some altcoins who can increase by x00% in very short period of time. But this is something very risky, you need right moment to buy and to sell, in other words you need to become good trader.
I would not say that you are poor with €30-40 per week to invest, this is €120-160 per month and maybe in future you'll be able to spend more. Remember that every journey begins with small steps
Just a small (big) advice, pay attention to security of your coins - do not keep them in online wallets / exchanges, and always double check what you download to your PC. When you get some significant amount of coins, think about investing in hardware wallet.
I would not say that you are poor with €30-40 per week to invest, this is €120-160 per month and maybe in future you'll be able to spend more. Remember that every journey begins with small steps
Just a small (big) advice, pay attention to security of your coins - do not keep them in online wallets / exchanges, and always double check what you download to your PC. When you get some significant amount of coins, think about investing in hardware wallet.
Can you confirm if your total cash out is around $80? I'm not sure if you followed the "do not put all your eggs in one basket" advise but you may have spread your assets too thin here. It is better to consolidate to one coin like BTC as many have suggested already. I adon't think BNB is a bad choice either but it is up to you.
How do you think BNB is a good choice? What's the basis of your interpretation? BNB is overvalued now even. It doesn't have anything to be priced at $30. Just because of the IEO, it got significant pump. Initially I have the same thought but, the truth is it's still a shit centralizes coin.Can you imagine what will happen if a significant hack goes over Binance? Let me remember- Waso, waso, waso, bitconeeeeeeeeeeeeet.
Can you confirm if your total cash out is around $80? I'm not sure if you followed the "do not put all your eggs in one basket" advise but you may have spread your assets too thin here. It is better to consolidate to one coin like BTC as many have suggested already. I adon't think BNB is a bad choice either but it is up to you.
Focus on Bitcoin.
99% of your crypto should be BTC,
and you can play with only 1% of shitcoins that can maybe explode.
Rather than you buy weekly for 30-40€, and pay high fees.
you are better to do monthly purchases
Best way to avoid extra fees is to connect with your local
Bitcoin community in your city/state.
There are traders and miners all over the world.
One more thing you can do is offer your services
and receive payment in Bitcoin.
Also educate yourself every day about blockchain technology,
and surround yourself with similar minded people,
and don't trust crypto people to much if they are on discord or telegram.
Good Luck
99% of your crypto should be BTC,
and you can play with only 1% of shitcoins that can maybe explode.
Rather than you buy weekly for 30-40€, and pay high fees.
you are better to do monthly purchases
Best way to avoid extra fees is to connect with your local
Bitcoin community in your city/state.
There are traders and miners all over the world.
One more thing you can do is offer your services
and receive payment in Bitcoin.
Also educate yourself every day about blockchain technology,
and surround yourself with similar minded people,
and don't trust crypto people to much if they are on discord or telegram.
Good Luck
I think you should focus on bitcoin only and when you have like 400$ or 500$ worth of bitcoin you can start considering other good altcoins like binance token
Awesome! Thanks for all your replies and very helpful words, I will take everything at heart and put it to good use!
Im happy to know that you are interested in bitcoin. Many people have this negative idea. Bitcoin risk is more likely to increase profits again. First, get a deeper understanding of crypto-currencies. One wrong step can be overwhelming at the moment.
"bitmover" said invest 100% of what you have in BTC. Do not face losses too quickly. You also follow "tbct_mt2" rules. Be aware of hackers. They will try to fool you. Always be vigilant about security and backup.
Quote
I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
The decision deserves praise."bitmover" said invest 100% of what you have in BTC. Do not face losses too quickly. You also follow "tbct_mt2" rules. Be aware of hackers. They will try to fool you. Always be vigilant about security and backup.
In a nutshell:
- Crypto is not a safe place for you to play and win.
- Lots of traps and scam projects waiting for you.
- Do not invest in any altcoins, tokens, ICOs, IEOs if you don't do your own research and understand them (at least basics about them).
- Invest in bitcoin only will keep you safely from scam projects.
- Crypto is not a safe place for you to play and win.
- Lots of traps and scam projects waiting for you.
- Do not invest in any altcoins, tokens, ICOs, IEOs if you don't do your own research and understand them (at least basics about them).
- Invest in bitcoin only will keep you safely from scam projects.
Do. Not. Invest. In. Things. You. Do. Not. Understand.
Why did you personally pick these coins? To be honest, if you're asking these types questions, chances are, you haven't even consulted Google. Also, the best investments and the risk to reward ratio that's best for you completely depends on your finances. Do we know your financial situation? No. Only you does.
Probably put money into cryptocurrencies if:
Invest in other safer assets(stocks, ETFs, etc) if:
Why did you personally pick these coins? To be honest, if you're asking these types questions, chances are, you haven't even consulted Google. Also, the best investments and the risk to reward ratio that's best for you completely depends on your finances. Do we know your financial situation? No. Only you does.
Probably put money into cryptocurrencies if:
- You have extra money that you can afford losing.
- If you actually understand what these cryptocurrencies are for.
Invest in other safer assets(stocks, ETFs, etc) if:
- You'd prefer to not have something that could crash in value overnight.
- You simply do not afford losing money.
I think with highly volatile assets such as cryptocurrencies it's wiser to invest smaller amounts evenly over a longer period of time than investing a larger amount in just one go.
Look up Dollar cost averaging (also known as DCA, as mentioned by Little Mouse). While it doesn't necessarily perform better than investing in bulk it definitely helps even out the ups and downs of the market and is thus a slightly safer approach (if there is anything like "safe" in crypto).
Look up Dollar cost averaging (also known as DCA, as mentioned by Little Mouse). While it doesn't necessarily perform better than investing in bulk it definitely helps even out the ups and downs of the market and is thus a slightly safer approach (if there is anything like "safe" in crypto).
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You can invest weekly into BTC, following a DCA method which may give you significant profit in the long run. Like as bitmover said, 100% BTC is a good portfolio if you are thinking long term.
My advice is: invest 100% of what you have in BTC
If I have done that, I would have much more money in my portfolio now. Every coin , even ethereum and ripple, in the long term have a worst performance than BTC.
You may get lucky and get some coin with a huge pump, but that's like gambling
Just go 100% BTC and you will be fine in long term.
A 100% BTC portfolio have a better performance than 99% portfolios out there.
If I have done that, I would have much more money in my portfolio now. Every coin , even ethereum and ripple, in the long term have a worst performance than BTC.
You may get lucky and get some coin with a huge pump, but that's like gambling
Just go 100% BTC and you will be fine in long term.
A 100% BTC portfolio have a better performance than 99% portfolios out there.
Hello, I recently got into crypto because I find it really interesting and if you can make a bit of money with it, why not get into it.
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
The only problem is I only have 30-40€ a week to invest in crypto. Except I don't know what would help me make a profit, I have like 24$ worth of BNB, 15$ of TRON, and about the same of BTC and ETH.
I don't know if I should HODL most of them and add a bit of money to each every week or take more risks and try alt coins with 50-100€ for short term investments.
Tl;dr: Can someone with experience tell me how to invest small quantities of money.
Thanks in advance
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