Topic: Best amount to risk for a beginner - page 2. (Read 615 times)
Novice began trading application less amount can trade, the novice can reduce some of the losses, of course, you can reap the benefits, novice want most is to experience, only little amount, more than the number of transactions, to absorb experience! The most important thing is to deal with the mood of trading, control oneself mood!
Start small and just do your research on what currencies you feel comfortable investing in. Once you get the hang of everything, you can decide if you want to put more money in.
Good luck!
Good luck!
I just started and I am willing to invest amounts that I actually CANNOT afford to lose.. But I have been losing that amount and more to dope and gambling for the last few years and now that I quit, I decided to enter crypto world. Wish me luck
Most people have it right. Most coins are in a highly speculative phase and this is fairly high risk. So if it went to 0, what would the eimpact be on the financial health of your family. If you aren't sure on the $ figure, here are some easy approach:
* How much did you spend on alcohol or coffee in 2017?
* Whatever you would be willing to spend on a weekend gambling in las vegas?
...
* How much did you spend on alcohol or coffee in 2017?
* Whatever you would be willing to spend on a weekend gambling in las vegas?
...
Only invest what you can afford to lose. I started out with a few hundred dollars. Regarding the best exchanges, use Coinbase to buy Bitcoin. Once doing so, transfer it to another exchange to buy altcoins. At the moment, big exchanges like Bittrex and Binance aren't accepting new registrations, so you could try Kucoin. They're an upcoming exchange and I feel they are pretty good. Good luck.
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I would say invest what you are prepared to lose, and that's probably around 10% of funds set aside for investments
Any amount will do, as long as you can afford to lose it, since the crypto market is extremely volatile. I personally started with $400, and invested bit by bit since then.
Invest what you can afford to loss, I would never advice one to invest life savings in cryptotrading
Do you want to trading of cryptocurrency?
it is better to learn about of crypto before you do that. I guess 0.01 or $100 is good for a beginner or you can afford to lose it.
it is better to learn about of crypto before you do that. I guess 0.01 or $100 is good for a beginner or you can afford to lose it.
50 dollars would be fine....
But joining campaign and be rewarded by coins that can be converted to bitcoin can be another way and its free.... You only have to use is your time and internet.....
But joining campaign and be rewarded by coins that can be converted to bitcoin can be another way and its free.... You only have to use is your time and internet.....
It should be always about the money you can afford yourself to loose otherwise it's turning into the finansical pyramid. I heard of a people who sold their houses and flats to buy bitcoin so you shouldn't do that, it's literally silly.
It's different for everyone 
Ppl say it's better to invest about 10% of your savings into crypto.
I think you can start with $50-100, just to get to know how all of this works and not regret losing it
Ppl say it's better to invest about 10% of your savings into crypto.I think you can start with $50-100, just to get to know how all of this works and not regret losing it
I think you can risk around $500 or a bit more to get the feel of trading. Risking more than $1000 (depends on your threshold) might be too stressful and traumatic, should the worst case scenario happen...
I only started trading in June last year buying around 1000$ worth of coins by the end of the year, And the hold strategy seems to be working for me since i have Quadrupled that. Though a big factor was the December rush into crypto.
Just don't invest anything that you are not willing to lose, Also don't panic sell if everything starts going red. You should never sell at a loss rather wait it out.
Just don't invest anything that you are not willing to lose, Also don't panic sell if everything starts going red. You should never sell at a loss rather wait it out.
do you want to trade or just buy and hold?
for trading a few hundred dollar are enough. if you want to buy and to hold, minimum 1000 dollar and more.
for trading a few hundred dollar are enough. if you want to buy and to hold, minimum 1000 dollar and more.
Take it as a learning phase for you... i would suggest invest max $500 only. Learn for 1 month and you will have a better idea if you want to invest or pull out.
You have to have Bitcoin after all , this is the start point. Buy bitcoin and exchange it with different crypto currencies.
Before buying other coins learn about the coin and see their project and what is the idea behind the currency you should target coins price <10$.
once you selected your 3-5 coins, distribute your 500$ among these and gotcha you are a crypto hero now :p
Yeah which exchanges are good it depends because not all exchanges listing all the currencies. Bittrex and Binance my first choice then CEX.IO and Coinbase.
Also prices on each exchange varies https://coinia.io/
So here you go I hope you are aware of wallet, private key etc and understood the RISKS involved.
You have to have Bitcoin after all , this is the start point. Buy bitcoin and exchange it with different crypto currencies.
Before buying other coins learn about the coin and see their project and what is the idea behind the currency you should target coins price <10$.
once you selected your 3-5 coins, distribute your 500$ among these and gotcha you are a crypto hero now :p
Yeah which exchanges are good it depends because not all exchanges listing all the currencies. Bittrex and Binance my first choice then CEX.IO and Coinbase.
Also prices on each exchange varies https://coinia.io/
So here you go I hope you are aware of wallet, private key etc and understood the RISKS involved.
i think 500usd is good enough...
As most have said only invest what you can afford to loose.
Keep the mortgage/rent money, bill money away.
Make sure you do your research in whatever crypto you want to invest in
Keep the mortgage/rent money, bill money away.
Make sure you do your research in whatever crypto you want to invest in
How much should I spend for a first timer?
It depends on how much you can lose, when you start trading you need to learn the basic and then you will experience losing money, if you can afford losing thousand then go for thousand, usually most of us start from 100$, try cheap coin and understand the market work, see the chart and the news to help you to choose, now we got a lot of exchanges, binance, bittrex, yobit, poloniex, tidex and others
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