Topic: Cryptocurrency trading - page 4. (Read 646 times)
With $1000 sure you can trade but it shouldn't be that you go all in on one coin. I'd say go with several and try to watch charts and fundamentals if you have the time. If you don't mind being in front of a monitor and doing some analysis then futures are not bad. For spot trading making money with $1000 can't be very reliable I think.
Lots of similar questions that I have encountered these days are being asked by newbies. If you really want to invest in cryptocurrency,
start investing in crypto which is popular and has high volume. Such as BTC, BNB, ADA, DOT and ETH. Because the coins I mentioned will be
safer to buy, because they have a high demand, so maybe the price will go up faster. Instead of choosing low volume coins, which are
very difficult to increase and possibly become dead coins.
start investing in crypto which is popular and has high volume. Such as BTC, BNB, ADA, DOT and ETH. Because the coins I mentioned will be
safer to buy, because they have a high demand, so maybe the price will go up faster. Instead of choosing low volume coins, which are
very difficult to increase and possibly become dead coins.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
And using the money back to apply to real market investment, I believe by then you will feel very different from the present. And wish you to find success in this market soon.
Firstly, invest only what you are willing to lose. Ask yourself if you are fine with losing your $1000 in the worst case scenario. If you are fine with it, proceed to do a good deal of research related to the cryptocurrencies that you are interested in.
I advise sticking to popular cryptocurrencies like BTC, ETH, LTC etc since they won't just disappear one day out of the blue. Invest smartly!
I advise sticking to popular cryptocurrencies like BTC, ETH, LTC etc since they won't just disappear one day out of the blue. Invest smartly!
As a beginner in trading, I would also suggest the same. Invest in top cryptocurrencies as they have established market already. Once you get acquainted with crypto trading, that's when you slowly check other new alts. Because you need to have a grasp first in crypto trading. And it is good to practice that in these top alts like btc and eth. Start small. Don't go all in, like spending your 1k at once. You need to learn the basics in trading first. Also, go for top crypto exchanges like Binance. Don't be tempted using unknown exchanges offering some good rewards. That's a bait and you will end up losing your funds.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
You can enter buying doge coin, what I heard about this asset is because of Elon Musk twitts. Definitely his statements is key towards a good future for this cryptocurrency. It earned a lot of praises from many people who've been following this asset for several years, and now this is the time that it has been backed up with a whale like him who invested huge capital. That $1k is worth to grow for more years and I believed someday you'll be earning your profit gains with a bigger smile.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
First of all, you are welcome to the forum and crypto space.
Cryptocurrency is not where someone can enter and start buying crypto without knowing proper steps to take before embarking on acquiring coin, as a newbie like you, find the nearest instructor to teach you how to download the best custodial wallet, keep your keys, and start storing coin, trading wouldn't be good for you to start. Telling you the coin to buy would rather be a financial advice, and if it goes wrong, I am to be blamed.
In as much as you can send and receive coin, that should be a perfect congratulatory move you have taken, I would advise you to buy any reputable coin listed on exchange built on Binance smart chain., Good luck.
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I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
In this case I always suggest the newbie to watch some videos related crypto trading in native language to get some basic idea shortly. Then try to create account on trusted exchange like binance. Try to buy sell little amount first. Then go for big. In trading world there is nothing alternative of leering about it. Without learning you may lose a huge amount even all of your portfolio. So atleast learn basic about trading before going to trade.
if you want to buy with 1000 dollars then I will suggest you to buy bitcoin for the first time.
You should spend more time to learn and participate trading because it is ignorant to trade without having certain knowledge. There are many things to learn in trading but I guess you can master the fundamental parts within a month.
Youtube is one of the best source for trading. Buying books on amazon is a good option, too.
Youtube is one of the best source for trading. Buying books on amazon is a good option, too.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
Personally my advise is that you need to look for less volatile coins so you can have little ways to learn while trading because of your lack of experience. You can avoid trading bitcoin pairs or maybe Ethereum. Trade on less volatile coins , read and research more .
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
This is a very good suggestion because you wanna deal with high-risk high investment and then you must know you can lose your money anytime. You should know all of the risks and then learn more about that.
Forget to rush the crypto market. You can't depend on the suggestion of others. Try to use a small amount of money.
Stick to buying and holding for now. Forget about day-trading and promises of big profits. Bigger fishes eat the smaller fishes. For one successful and profitable crypto trader, there will be dozens who lost money. Guess which group those with no experience with trading will fall into?
Before you begin trading with real money, you need theoretical knowledge. You need to get yourself acquainted with the trading platforms, terminology, charts, etc. Most of your portfolio should be in bitcoin, and with the rest you can purchase those coins you personally believe to have a future. That requires doing your own research and not just listening to the advice of random people (including myself).
Before you begin trading with real money, you need theoretical knowledge. You need to get yourself acquainted with the trading platforms, terminology, charts, etc. Most of your portfolio should be in bitcoin, and with the rest you can purchase those coins you personally believe to have a future. That requires doing your own research and not just listening to the advice of random people (including myself).
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I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
For starter. You should buy Bitcoin, Ethereum, Binance Coin and stake it on exchange which offers staking for this coin so that you can earn passive income while learning trading. Study first all the basic of trading including candlestick fundamentals before you start buying small caps altcoin since its very risky due to its nature of too volatile. Don't buy any small caps altcoins for starters. This will save you a lot of money during your newbie trading days.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
Maybe you can use $100 to learn and practice from your lesson because using $1,000 while you do not have any experience will be too risky for you. If you use $100 and make a profit, just stick with that amount and do not temp to use bigger money until you understand how to trade better.
For the coin pick, I suggest you try with bitcoin, ethereum, bnb, litecoin, trx because I think that coin is good enough to trade and make a profit. You can trade many other coins, but you should learn more lesson to pick the right coin.
At first, choose exchanges that have a good reputation and are running well according to your country's regulations (some exchanges ask for KYC even low balances, read the ToS carefully).
Actually I don't want to suggest short-term trading for beginners because of the high risk. However, if you persist, please invest most of your capital at least 80% in bitcoin to hold over the long term (recommended to keep in a personal wallet), and 20% in top altcoins like ethereum or BNB for your short-term trading.
A strong warning, OP you can lose 100% of your money due to high cyrpto volatility, and due to cases such as hacks and loss of access to your own assets.
Actually I don't want to suggest short-term trading for beginners because of the high risk. However, if you persist, please invest most of your capital at least 80% in bitcoin to hold over the long term (recommended to keep in a personal wallet), and 20% in top altcoins like ethereum or BNB for your short-term trading.
A strong warning, OP you can lose 100% of your money due to high cyrpto volatility, and due to cases such as hacks and loss of access to your own assets.
Firstly, invest only what you are willing to lose. Ask yourself if you are fine with losing your $1000 in the worst case scenario. If you are fine with it, proceed to do a good deal of research related to the cryptocurrencies that you are interested in.
I advise sticking to popular cryptocurrencies like BTC, ETH, LTC etc since they won't just disappear one day out of the blue. Invest smartly!
That is a lot of money in my country so I would be careful when I have that much money. What @Haunebu advices is pretty much enough for a newbie to go on his own because newbies like me and OP don't need a lot at first and having too many at the platter at first is going to be overwhelming. I advise sticking to popular cryptocurrencies like BTC, ETH, LTC etc since they won't just disappear one day out of the blue. Invest smartly!
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
I have no experience, what cryptocurrency to buy with $ 1,000.
No. Just stop there.
If you don't know what you're doing, you'll end up very easy losing all the funds invested.
The first rule is to invest only what you afford to lose. But you have to also know what you are doing, crypto trading is not something like putting 1000$ in the field and in the autumn you'll have a tree full of 1000$ bills.
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
Looking for an investment to hodl for the long term is different from trading, traders (especially short term ones) try to take advantage of quick changes in the market and doesn't necessarily need the trader to fully trust the coin or asset; if you expect a coin to drop in price, you can short it and go long for those you expect to rise.I have no experience, what cryptocurrency to buy with $ 1,000.
If you're looking for a currency to buy with $1000, first consider those qualities that makes you not want to hold your fiat currency, then look for the currency which solves those problems effectively.
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