Best amount to risk for a beginner - page 4.

Knightly

member

Activity: 132

Merit: 11

Quote from: altGear on January 08, 2018, 04:38:38 PM

Rule of thumb 10% of portfolio per coin

Join my Community for Crypto Beginners CryptoSmart HUB https://discord.gg/jyTXVWz for more helpful educational materials and tips about crypto mining, trading and more!

And where did this rule of thumb come from? Not sure most people would agree with that?

Anyhow, as people have said, risk only what you're willing to lose, if it comes to that. It's easy to make mistakes in crypto, so you have to accept the fact that your money might be lost...but it could also multiple.

Good luck whatever you decide to do.

-Knightly

SWONG

jr. member

Activity: 60

Merit: 1

My start found is about $1000 too.
I can invest more but I am just an newbie . I need to lestn more about bitcoin more about other coin.
Now about 1 month the voting I buy almost 50% gone, this is risk, but I can afford. I will keep on.

ramzhies

newbie

Activity: 126

Merit: 0

just start with the amount if even u lost, wont hurt u that much

trouble401

jr. member

Activity: 72

Merit: 6

When I started I picked up the 3 coins on Coinbase. Having a little skin in the game forced me to feel more invested and caused me to do more research into alts. From then I started picking up alts but still bought steady amounts of btc. I think the amount I started with was about $3k but that was when the coins were much cheaper.

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

Best amount to risk for a beginner, depends on the beginner. If he or she has enough Money, then a few thousands of dollars would do. If the beginner has less to spend, a minimum amount of $500 to $1000 would be recommendable. Start with Ethereum, Cardano, Litecoin Monero and Dash.

aaronli890712

newbie

Activity: 67

Merit: 0

1000 usd for a start

altGear

jr. member

Activity: 73

Merit: 1

PRiVCY

Rule of thumb 10% of portfolio per coin

Join my Community for Crypto Beginners CryptoSmart HUB https://discord.gg/jyTXVWz for more helpful educational materials and tips about crypto mining, trading and more!

Crytptohack

member

Activity: 126

Merit: 15

HodL!

I would suggest placing a certain percentage into cryptos based on your investments/savings. Also what your OK with loosing as the 'alt' coins/tokens are not only new, but volatile. Most conservative investors only place something like 5% into a specific asset class or sector.

Based on the country that your in, it may make a difference regarding the exchange you choose. Example is in the USA, you cannot use Bitfinex as they have stopped Americans from using that exchange.

coly20032003

full member

Activity: 322

Merit: 113

I first started with a few hundred dollars. Then add more to it as I feel more comfortable.

waawd_1

full member

Activity: 254

Merit: 101

I have invested funds in bitcoin. Tell me how to exchange bitcoins for dollars. How do you take profit?

I.Grozni

sr. member

Activity: 588

Merit: 286

Coinomi multi-coin HD wallet

Invest only as much as you is not sorry to lose. Which coin invests depends on whether you want to invest short or for a long time. Investing for a short time implies a high risk, but also a big gain. One such coin is the Flash coin https://coinmarketcap.com/currencies/flash/ that exploded in the last days. Investing for a long time could be in Bitcore https://coinmarketcap.com/currencies/bitcore/

dietmarfritz59

member

Activity: 113

Merit: 31

I personally started with just a few hundred dollars. With that, I traded it around and tried to find trends in the market and basically learn how to do basic trading. Once I felt comfortable with that I put in more and more. That way once you have a lot of money in different coins you will feel comfortable.

Aldavetheboss

newbie

Activity: 34

Merit: 0

What would you say is the best amount to risk in the beginning for trading crypto? Also, which crypto, and which exchange? Appreciate your thoughts.

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