Topic: Beginners with small amounts of money (Read 741 times)
For me, I start with small amount of money using coinbase. There are some major coins there like bitcoin, ethereum, litecoin, etc. I find the platform easy to use. Then later I bought more coins on Binance and Kucoin.
With a small amount of money, you should invest in altcoin coin for Long term like QKC, LFT...
Hello everyone
After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
you better invest money little by little, you have to know the strategies that must be taken in playing in the world of bitcoin. experience is the best teacher so from your experience selling and buying bitcoin, profit or loss in playing bitcoin take the experience for you to continue playing in the world of bitcoin.
advice from me, just take bitcoin because all the other coins will be made in other coins even if you get a small bitcoin but that can be a risk that you get. if you want to play on other coins, it may be that you have analyzed from various sources whether the coin you are aiming for is good for the future or not
I think that you can start trading with this little amount of money and then when you will have more money you will have skills and trade with them.
Hi, I think that if you have a small amount of money, you should not put that in Bitcoin. I would do my own research to find a coin which is starting with a strong project I believe in and business perspectives. There are some very promising one with very law prices like under 0,02$. One last thing, I would calculate the proportion to take value by taking project that not have a huge amount of available coins compared to the marketcap. Good luck
Hello everyone
After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
Cryptocurrency is interesting thats why people says its the new generation of internet thats why only people who puts money will get rich like bitcoin but as a newbie i will continue my research before investing so i will know the risk involve !
Don't invest at this time, you need to observe the market and see what do community talk about. Spend a few weeks to learn and research, no need to hurry in this market.
Yes that is a very good idea as you are not sure in one thing you going to invest starting with a small amount so you can go with the flow and investigate your investment if it's looks good or not
Which of those in this forum can give me advice? If I have a small amount of money, is it worth investing or investing only to learn about the cryptocurrency market and not for profit purposes?
Mainframe, Steem, eth... Always check projects that have great backings and still a running project.. Eg Steem is a blockchain on its own.. Alot of ways to mine Steem and also for free, which is Steemit.. Just calm down and check the top 10 Coins on cmc stated by a commenter... All the best.❤
if you are a started then you should really do a lot of reading up on bitcoin and all the other digital currencies around, just to get a better understanding and to work out a game plan. this will help keep you in focus and not to panic when someone says that the bitcoin is falling or get over the moon happy when someone says that the price went up - just stick to your plan. For beginners with small amount of money I would suggest then to choose the best investment that you can afford or to save a bit more if you feel that another coin is more profitable.
This is the ol' direct investing vs mining discussion.
Direct Investing
Advantages: Potentially quicker ROI, Easy to liquidate
Disadvantages: Finite amount of returns, No physical value
Mining
Advantages: Potentially unlimited returns, Physical hardware will always have some monetary value
Disadvantages: Potentially slower ROI, Not easy to liquidate
Direct Investing
Advantages: Potentially quicker ROI, Easy to liquidate
Disadvantages: Finite amount of returns, No physical value
Mining
Advantages: Potentially unlimited returns, Physical hardware will always have some monetary value
Disadvantages: Potentially slower ROI, Not easy to liquidate
Price movements of digital currencies are important to be known and monitored at all times, especially for people who do digital currency business.
Monitoring Bitcoin prices is useful to find out which time to buy Bitcoin or to sell this digital currency.
Monitoring the price of digital currencies must be done every day even better at any time because of digital currencies such as gold or stocks whose prices can change quickly.
By monitoring the movement of Bitcoin prices it will not miss a golden opportunity to sell Bitcoin at a high price.
Different if you never monitor price movements, it is certainly difficult to find the right time to buy or sell Bitcoin.
Digital currency that is bought or sold at the wrong time will make business owners only get little profit or even experience losses.
Monitoring Bitcoin prices is useful to find out which time to buy Bitcoin or to sell this digital currency.
Monitoring the price of digital currencies must be done every day even better at any time because of digital currencies such as gold or stocks whose prices can change quickly.
By monitoring the movement of Bitcoin prices it will not miss a golden opportunity to sell Bitcoin at a high price.
Different if you never monitor price movements, it is certainly difficult to find the right time to buy or sell Bitcoin.
Digital currency that is bought or sold at the wrong time will make business owners only get little profit or even experience losses.
May be, it can be more effective if you invest on "cheap altcoins or legit ico project , instead invest on bitcoin.
Now bitcoin price is still very expensive to buy, and the price is still falling, It feels very difficult to make a profit.
But it's different if you invest on legit ico or cheap altcoin, the price may still increase dramatically. In some situation that I've seen before, many peoples gained benefit more than 10x of their fund they were invested.
But be careful, most of icos are scam projects. Always do your own research before invest.
Now bitcoin price is still very expensive to buy, and the price is still falling, It feels very difficult to make a profit.
But it's different if you invest on legit ico or cheap altcoin, the price may still increase dramatically. In some situation that I've seen before, many peoples gained benefit more than 10x of their fund they were invested.
But be careful, most of icos are scam projects. Always do your own research before invest.
Hello everyone
After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
yes! you should invest your small money in bitcoin because it is safer than other coin. but be patient about your small money, because bitcoin is suitable in long term investment. After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
A small amount of investment is more suitable for buying altcoin, because they can get higher returns in a short time, and the investment amount does not need to be too big!
Bitcoins are discounted so much so you should invest in low-value coins but the big potential, the more chance you make more money when you try the new growing coins.
You can use your small capital to start investing in relatively low-value coins but with great potential, after a period of accumulation, you should focus on investing in Bitcoin.
If only a small amount of money should be invested in Bitcoin in a short time, wait after the bitcoin price increases you sell it and invest in a lower coin value.
I wanna to advice you invest in BTC/ETH and 2-3 interesting altcoin projects. But you should have 500-1000$ to start, if you didn't have you can start from bounty participating
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