Topic: Altcoin trading with low budget (Read 1956 times)
try using etherium, waves, and lite coin because the type of coin in my opinion has a high exchange rate so at this time I still defend it to make trading. just try if for example not in accordance with what you want just leave it and look for another.
I suggest you to do your investment in 2 different way. Invest like 100$ to a long term coin like waves to get 4-5k in a year or so. Secondly do some short term investments like Neo or musicoin to get 2x.
I think it's best time to invest right ? every coin drop 10% or more.. I think I will wait a bit and then start the game.I'm thinking investing 40% of my funds in top 10 coins, 40% in mid coins and 20% in low cap coins? what do you think guys ?
When people will understand, that the wave-exchange is NOT decentralized and that you give AWAY YOUR CONTROL over your coins when you use it
'Decentralized' is just a buzz word to advertise with. Steem is not decentralized, Waves is not decentralized, Ethereum is not decentralized.If someone unplugs the right server it does no longer work or goes down in value a lot.
Don't give the decision about your investment out of your hands. I started with an equal amount how you are planning to. The first thing you should do is: Read!
And then: Read, read, read!
After a while you can seperate the wheat from the chaff. You will get a feeling about, which member here on BCT is trustable and which are not. When you find a really smart and interesting posting, look at the profil from the author and read his other posts. Do they confirm your impression? Try to find a couple of members who really understand the market. Members who point at a perfekt (early) time on promising coins and projects. If you read a brandnew post from such reputated members like this, go immediately to the project page and:
Read, read, read!
Push your feelings beside. Think about if this project has something to offer. Something new, something good, something which can give the project more value sooner or later. Take a small look at the dev team and at the community. What are your impressions? Does it look seroius? Does it look smart? Motivated? Is the community a group of blind believing kiddies, or a union of experts? Then try to understand the connections between supply, marketcap and price in order to assess the possible increase of the value. Compare it to coins with similar preconditions.
But at least, the art of making profit is:
Don't make a science out of what I told you above. Because to trade-off again and again leaves you uncertain and prevents you from tucking in at the perfect time. If your head says for 70 to 30 "Yes!" and your heart for 90% at least:
Go in immediately!
And when you really believe, don't care about the dumps and pumps which will follow (for sure). Don't regret anything. Dont cry about lost opportunities (the forrest is always full of them, that doesn't matter). Just go straight ahead. Watch the market and learn.
Take a brief look at the chart before investing. Compare it to other charts. Projects of active dev-teams have other charts than dead projects. Try to find patterns which can help you.
And when you diversificate your investment over 5 to 8 projects and when you not make the biggest mistake: to buy in when the price is high or have risen a lot in the last days / weeks - you will make profit. Sometimes you can ride on an upcoming hype, too. But in this case it is often better to jump of the horse after the half way than to wait till the bitter end. Good profits are good profits and better than no profits.
I wish you luck and have fun at the market!
Regards!
McW
And then: Read, read, read!
After a while you can seperate the wheat from the chaff. You will get a feeling about, which member here on BCT is trustable and which are not. When you find a really smart and interesting posting, look at the profil from the author and read his other posts. Do they confirm your impression? Try to find a couple of members who really understand the market. Members who point at a perfekt (early) time on promising coins and projects. If you read a brandnew post from such reputated members like this, go immediately to the project page and:
Read, read, read!
Push your feelings beside. Think about if this project has something to offer. Something new, something good, something which can give the project more value sooner or later. Take a small look at the dev team and at the community. What are your impressions? Does it look seroius? Does it look smart? Motivated? Is the community a group of blind believing kiddies, or a union of experts? Then try to understand the connections between supply, marketcap and price in order to assess the possible increase of the value. Compare it to coins with similar preconditions.
But at least, the art of making profit is:
Don't make a science out of what I told you above. Because to trade-off again and again leaves you uncertain and prevents you from tucking in at the perfect time. If your head says for 70 to 30 "Yes!" and your heart for 90% at least:
Go in immediately!
And when you really believe, don't care about the dumps and pumps which will follow (for sure). Don't regret anything. Dont cry about lost opportunities (the forrest is always full of them, that doesn't matter). Just go straight ahead. Watch the market and learn.
Take a brief look at the chart before investing. Compare it to other charts. Projects of active dev-teams have other charts than dead projects. Try to find patterns which can help you.
And when you diversificate your investment over 5 to 8 projects and when you not make the biggest mistake: to buy in when the price is high or have risen a lot in the last days / weeks - you will make profit. Sometimes you can ride on an upcoming hype, too. But in this case it is often better to jump of the horse after the half way than to wait till the bitter end. Good profits are good profits and better than no profits.
I wish you luck and have fun at the market!
Regards!
McW
You words really motivates me. I think every beginner must read this!
I suggest you to do your investment in 2 different way. Invest like 100$ to a long term coin like waves to get 4-5k in a year or so. Secondly do some short term investments like Neo or musicoin to get 2x.
Blocks are only a small part of my portfolio. Unfortunately. I went in there with a profit from another coin. It was an investment in and a bet on the good idea - which is an absolutely needful project for us (traders). And it was a bet against the scam-accusations against the dev from some users here on BCT.
I think they lost.
I think they lost.
@ some writers here:
Please don't give that bad advises to a newbie by telling him, he should buy waves, only because you bought some without understanding how it works! Waves isn't a good investment. When people will understand, that the wave-exchange is NOT decentralized and that you give AWAY YOUR CONTROL over your coins when you use it, the price will fall back to a deep, stagnating level. Thats why BLOCK is rising very strong in the last weeks. BLOCK is the true decentralized exchange, which gives you FULL CONTROL over your coins. But I won't be that kind of fool to advise a newbie to buy some BLOCK now, because of the strong rise in the last weeks (even that I believe, that the price will increase further on...) but to give an advise at the moment for buying BLOCK seems a bit too risky. Not for longterm, but for shortterm. And I don't want to frustrate a newbie by a maybe loss of 30% in the next weeks. He won't care for a 300% profit later, because he would have quit the game before.
Be careful!
Please don't give that bad advises to a newbie by telling him, he should buy waves, only because you bought some without understanding how it works! Waves isn't a good investment. When people will understand, that the wave-exchange is NOT decentralized and that you give AWAY YOUR CONTROL over your coins when you use it, the price will fall back to a deep, stagnating level. Thats why BLOCK is rising very strong in the last weeks. BLOCK is the true decentralized exchange, which gives you FULL CONTROL over your coins. But I won't be that kind of fool to advise a newbie to buy some BLOCK now, because of the strong rise in the last weeks (even that I believe, that the price will increase further on...) but to give an advise at the moment for buying BLOCK seems a bit too risky. Not for longterm, but for shortterm. And I don't want to frustrate a newbie by a maybe loss of 30% in the next weeks. He won't care for a 300% profit later, because he would have quit the game before.
Be careful!
So you bought a lot of BLOCKS. Got it.
Low budget altcoins are risky anyways, you either have to install a bazillion scammy wallets that hack your desktop, or trusting the more obscure exchange sites located at the outer rim of our crypto universe. Been there, done that. Risk vs. Reward ratio. There's a reason not to invest monthly wages into stuff like that.
But back onto general advise. There are swing cycles starting at the end of a month, peaking at the middle of the month. Things calm down, things load up again. Related to payment days?
Today, a sunday at the beginning of a month, I am frustrated. Charts all red, actually a buying opportunity for picking up some winners that will gain +10% from experience, at least, on mean average. Try getting that return of investment each month anywhere else.
I'll have to investigate Waves versus Blocks further. Thanks for hinting out there are some differences.
@ some writers here:
Please don't give that bad advises to a newbie by telling him, he should buy waves, only because you bought some without understanding how it works! Waves isn't a good investment. When people will understand, that the wave-exchange is NOT decentralized and that you give AWAY YOUR CONTROL over your coins when you use it, the price will fall back to a deep, stagnating level. Thats why BLOCK is rising very strong in the last weeks. BLOCK is the true decentralized exchange, which gives you FULL CONTROL over your coins. But I won't be that kind of fool to advise a newbie to buy some BLOCK now, because of the strong rise in the last weeks (even that I believe, that the price will increase further on...) but to give an advise at the moment for buying BLOCK seems a bit too risky. Not for longterm, but for shortterm. And I don't want to frustrate a newbie by a maybe loss of 30% in the next weeks. He won't care for a 300% profit later, because he would have quit the game before.
Be careful!
Please don't give that bad advises to a newbie by telling him, he should buy waves, only because you bought some without understanding how it works! Waves isn't a good investment. When people will understand, that the wave-exchange is NOT decentralized and that you give AWAY YOUR CONTROL over your coins when you use it, the price will fall back to a deep, stagnating level. Thats why BLOCK is rising very strong in the last weeks. BLOCK is the true decentralized exchange, which gives you FULL CONTROL over your coins. But I won't be that kind of fool to advise a newbie to buy some BLOCK now, because of the strong rise in the last weeks (even that I believe, that the price will increase further on...) but to give an advise at the moment for buying BLOCK seems a bit too risky. Not for longterm, but for shortterm. And I don't want to frustrate a newbie by a maybe loss of 30% in the next weeks. He won't care for a 300% profit later, because he would have quit the game before.
Be careful!
I would advise paying attention to NEO, it is now in a good price range. Also XEM and STRAT. But first of all, study these coins.
Yes, me too. I would invest XEM and maybe NXT. But I will not buying at this time, especially for NXT, because NXT still running their IGNIS project, and pumping period will not happen when this campaign still active.
LTC and Siacoin maybe good option if get more funds.
$400 - $500 is good to invest on altcoin trading but if you use it for short term trading that is very risky, First because of transaction fees every trade and Second you'll just earn a small profit for every traded and you didn't if you will win or lose every short trade.
My suggestion for you go buy a good long term coins like STRATIS, WAVES, LTC, ETH, XMR and STEEM or cheap coins but good for longterm like XRP, STR, DGB, SC and BCN.
Long term is better than short term trading patience and Technical Analysis is the key to be successful in trading
My suggestion for you go buy a good long term coins like STRATIS, WAVES, LTC, ETH, XMR and STEEM or cheap coins but good for longterm like XRP, STR, DGB, SC and BCN.
Long term is better than short term trading patience and Technical Analysis is the key to be successful in trading
I thought the above poster had many thoughtful points and decent names. Let me add a few additional ones.
1. There is a great speculative wave of investors allocating to ICOs. But these are unproven, untested business models. This mania is no different from IPOs in the 2000 tech bubble. Some will no doubt prosper, but the odds of success and picking the winners are slim.
2. Diversification if essential for serious portfolios. Some investors speak very poorly of low price, low market cap coins like Reddcoin, 1337, LiteDoge, Linda, Espers, Embercoin, Zeit. But truth be told one or more of these crypto coins could be wildly successful with fabulous returns for early investors and all the rest may fall to zero. If you allocate here, make it very small.
3. Some forum members will advise you to stay away from high dollar price coins like Bitcoin, Monero, Bitcoin Cash, Ethereum, LiteCoin because the prices are high. But you can still purchase a fractional share and benefit from a continued growth in the success of these franchises in terms of user adoption, merchant acceptance, network size, etc and price appreciation. When Fidelity helps their clients into crypto, where will they allocate? I think they will start with this list since the small coins are too illiquid for big money investors.
Guys what do you think about Siacoin? low price, high potential( because it solving problem of space). I think good idea to invest for 1+ month
It is one of the best idea investing into SIA because from many days SIA is generating High volumes in the market and it has very good potential in the market. I think right now it is the best investment and gives good returns after some time.
All your picks are good but NEO. NEO is falling down hard as i write and is not expected to bounce in comming next few days. OMG is rumored to have an partnership with apple. LISK VIA and NAV chart is looking good.
Diversification is good but difficult w/ small budget.
(...)
(...)
But I diversified my investment - the same amount like TO - straight after the beginning. No coin brought me losses. Some coins stagneted for a long time, some rose only a bit in price, some coins exploded. By now I made more than 1500% profit - in 6 months. Yes: I know, that the circumstances in march have been very, very good for stepping into the market. Maybe you can't compare them with the conditions today. But: If I would have invested only in a stagnating coin, I would be frustrated now. If I would only have invested in a slow rising coin, I would only have a small profit by now. The few coins in my portfolio which exploded pushed my total profit on a very high level. But mostly you don't know, which coin will be the golden one. So pick up 5 to 8 which are promising for taking off. And everyone of them should be a guarantor for a stagnation at least. With this procedure you are unable to loose (exept the whole market crashes). But you have more chances to make a good profit, than investing in a single coin gives you.
What I am asking myself, when I am reading this thread:
What is the difference between a small amount and a big amount when it comes to investment?
There is none!
It doesn't matter how much money you invest. 1000% profit are 1000% profit.
And you should go the same way with a small amount like someone with a big amount:
Diversification!
Unless you want to loose everything...
In the beginning I daytraded a bit. Doubled (luckily) my investment with it, but decided very quick, that it stressed me to much and that I don't have the time for checking the charts all the day in order to buy or sell immediately, what you should. Than I started holding my bunch of coins. 15 different at the moment. And made 1500%. Save 1500%, because of diversification and the imminent chance, that some stagnating coins from my portfolio can moon at any time, like some other coins in my bag did already.
Waves is a good project to invest right now. Theyre going to have some nice updates in the next weeks and theyre going to dominate the russian market. I love the feature, that you get free airdrops, if you lease the coins in your waves wallet. Recieved so many assets and i think they will grow up with waves in the future. Best token is WCT in my opinion.
Waves is actually a better investment to make when compared with most Altcoin investments. Although the community is getting larger everyday, the people that use things like Ethereum, MaidSafe, Lisk, etc are using Waves for certain application that will help the development on cryptocurrency systems. Waves is also not that expensive even though it began with a super low price, the potential of the coin growing to a higher price maybe past double the amount of value it has right now is very likely to happen. It might happen within a year or two, it just depends on what's going on with Bitcoin.
Waves is a good project to invest right now. Theyre going to have some nice updates in the next weeks and theyre going to dominate the russian market. I love the feature, that you get free airdrops, if you lease the coins in your waves wallet. Recieved so many assets and i think they will grow up with waves in the future. Best token is WCT in my opinion.
Waves is actually a better investment to make when compared with most Altcoin investments. Although the community is getting larger everyday, the people that use things like Ethereum, MaidSafe, Lisk, etc are using Waves for certain application that will help the development on cryptocurrency systems. Waves is also not that expensive even though it began with a super low price, the potential of the coin growing to a higher price maybe past double the amount of value it has right now is very likely to happen. It might happen within a year or two, it just depends on what's going on with Bitcoin.
Diversification is good but difficult w/ small budget.
Remember that you should be after % gain. In crypto world many fail to see that it is independent of coin price. While it is true that the earlier you get into a (future) successful coin the better, it is very high risk at that point (unless you have a crystal ball to see the future).
For good (almost) guaranteed return without day trading, go with BTC or ETH. You'd be surprised how 0.08 BTC or 1.2 ETH invested 6 months ago have grown compared to other alt coins.
Many times, the answer is right in our face but we (for some reason-thrill of the hunt???) insist on looking elsewhere...
Remember that you should be after % gain. In crypto world many fail to see that it is independent of coin price. While it is true that the earlier you get into a (future) successful coin the better, it is very high risk at that point (unless you have a crystal ball to see the future).
For good (almost) guaranteed return without day trading, go with BTC or ETH. You'd be surprised how 0.08 BTC or 1.2 ETH invested 6 months ago have grown compared to other alt coins.
Many times, the answer is right in our face but we (for some reason-thrill of the hunt???) insist on looking elsewhere...
If you want to double your fund in the next few days, invest in those coins for 3-10 days!
1. VOX
2. RADS
3. BAY
4. AMP
5. KMD
6. PPC
7. RDD
8. DOGE
9. EMC2
10. NXT
$40/each and exit from any coin when reach 20% profit, and use fund to buy coin not pumped yet!
Note: do your research and invest at your own risk!
1. VOX
2. RADS
3. BAY
4. AMP
5. KMD
6. PPC
7. RDD
8. DOGE
9. EMC2
10. NXT
$40/each and exit from any coin when reach 20% profit, and use fund to buy coin not pumped yet!
Note: do your research and invest at your own risk!
Quite an interesting list of some alt coins. But in general I also can just recommend to you, to work yourself through all the different white papers or products, so you actually know, in what you are planning to invest into. The other question, which you need to clarify for your self, do you want to speculate or do you want to invest (long term holding). I would also check-out deeoonions. They have been lately quite high, but now back to a reasonable price level for a potential bargain. The community is quite active and good new developments like deepsend is on its way. You can check out also directly her onion forum: https://deeponion.org/community/
Waves is a good project to invest right now. Theyre going to have some nice updates in the next weeks and theyre going to dominate the russian market. I love the feature, that you get free airdrops, if you lease the coins in your waves wallet. Recieved so many assets and i think they will grow up with waves in the future. Best token is WCT in my opinion.
good choice you choose BAT for long term investment. the ever-larger trading volume makes BAT attract many people to invest.
additional good projects: XRP and XEL are good to research.
additional good projects: XRP and XEL are good to research.
Don't give the decision about your investment out of your hands. I started with an equal amount how you are planning to. The first thing you should do is: Read!
And then: Read, read, read!
After a while you can seperate the wheat from the chaff. You will get a feeling about, which member here on BCT is trustable and which are not. When you find a really smart and interesting posting, look at the profil from the author and read his other posts. Do they confirm your impression? Try to find a couple of members who really understand the market. Members who point at a perfekt (early) time on promising coins and projects. If you read a brandnew post from such reputated members like this, go immediately to the project page and:
Read, read, read!
Push your feelings beside. Think about if this project has something to offer. Something new, something good, something which can give the project more value sooner or later. Take a small look at the dev team and at the community. What are your impressions? Does it look seroius? Does it look smart? Motivated? Is the community a group of blind believing kiddies, or a union of experts? Then try to understand the connections between supply, marketcap and price in order to assess the possible increase of the value. Compare it to coins with similar preconditions.
But at least, the art of making profit is:
Don't make a science out of what I told you above. Because to trade-off again and again leaves you uncertain and prevents you from tucking in at the perfect time. If your head says for 70 to 30 "Yes!" and your heart for 90% at least:
Go in immediately!
And when you really believe, don't care about the dumps and pumps which will follow (for sure). Don't regret anything. Dont cry about lost opportunities (the forrest is always full of them, that doesn't matter). Just go straight ahead. Watch the market and learn.
Take a brief look at the chart before investing. Compare it to other charts. Projects of active dev-teams have other charts than dead projects. Try to find patterns which can help you.
And when you diversificate your investment over 5 to 8 projects and when you not make the biggest mistake: to buy in when the price is high or have risen a lot in the last days / weeks - you will make profit. Sometimes you can ride on an upcoming hype, too. But in this case it is often better to jump of the horse after the half way than to wait till the bitter end. Good profits are good profits and better than no profits.
I wish you luck and have fun at the market!
Regards!
McW
And then: Read, read, read!
After a while you can seperate the wheat from the chaff. You will get a feeling about, which member here on BCT is trustable and which are not. When you find a really smart and interesting posting, look at the profil from the author and read his other posts. Do they confirm your impression? Try to find a couple of members who really understand the market. Members who point at a perfekt (early) time on promising coins and projects. If you read a brandnew post from such reputated members like this, go immediately to the project page and:
Read, read, read!
Push your feelings beside. Think about if this project has something to offer. Something new, something good, something which can give the project more value sooner or later. Take a small look at the dev team and at the community. What are your impressions? Does it look seroius? Does it look smart? Motivated? Is the community a group of blind believing kiddies, or a union of experts? Then try to understand the connections between supply, marketcap and price in order to assess the possible increase of the value. Compare it to coins with similar preconditions.
But at least, the art of making profit is:
Don't make a science out of what I told you above. Because to trade-off again and again leaves you uncertain and prevents you from tucking in at the perfect time. If your head says for 70 to 30 "Yes!" and your heart for 90% at least:
Go in immediately!
And when you really believe, don't care about the dumps and pumps which will follow (for sure). Don't regret anything. Dont cry about lost opportunities (the forrest is always full of them, that doesn't matter). Just go straight ahead. Watch the market and learn.
Take a brief look at the chart before investing. Compare it to other charts. Projects of active dev-teams have other charts than dead projects. Try to find patterns which can help you.
And when you diversificate your investment over 5 to 8 projects and when you not make the biggest mistake: to buy in when the price is high or have risen a lot in the last days / weeks - you will make profit. Sometimes you can ride on an upcoming hype, too. But in this case it is often better to jump of the horse after the half way than to wait till the bitter end. Good profits are good profits and better than no profits.
I wish you luck and have fun at the market!
Regards!
McW
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