HELP! I want to invest but don't know which and how. is DigiByte ok?

lue wang

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Quote from: jesse florian on October 20, 2019, 02:31:33 AM

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you Tongue

Did you knew the supply of this digibyte token. 60% tokens are in running when still 20% token has control by admin. Top coin will be pump only when whole crypto currency will pump. Check your experience select a coin out of 200 coin from coinmarketcap, this investment for short time holding.

Absolutep

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If all you have is $100, them I will suggest you invest in established coins lite ETH and BTC instead of putting your money on one coin that the future has not been decided yet.You need to be wise when making an investment especially when you have limited resources.

gundala

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Go away, don't try to invest in something you don't understand. After all what do you expect from that disobedience? you better learn cryptocurrency deeper, the risk is great, you will only throw 100 $ is useless if you do not understand. are you fomo?

Pearls Before Swine

sr. member

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Quote from: mk4 on October 20, 2019, 02:42:18 AM

Rule #1 of investing: Do not invest in things you do not understand.

If that isn't the number 1 rule, it's got to be in at least the top 3. Obviously op got a tip from someone about digibyte, which is currently trading for 79 sats. That's just awful, and I seriously doubt it's going to make a miraculous comeback. He'd be better off using that $100 to buy bitcoin or Eth or something similar instead of these bargain basement shit coins that look like they're on sale.

Or better yet, hold onto that $100 for now and get educated about the crypto market before making a purchase.

Quote from: mk4 on October 20, 2019, 02:42:18 AM

P.S. I think DigiByte is crap.

I agree.

Lauren Smith

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I don't know so much about digibyte but i have seen ot as payout options at a website i worked at. The withdraw fee was very low. The rest were as normal while digibyte was a fraction of a cent. I know its been around for a long time and it's probably here to stay so it should be a sound investment. I cant see a reason not to invest. I mean if you must onvest in something then investing in digibyte is much better then some of these ICO we see.

Fappanu

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You won't see the true value if you only look at it for two days. If you plan on taking a long term hold then this may be the best time to buy DGB (Digibtye). It is certain that its price will rise in the coming years, and especially now that Bitcoin Halving is expected as they are sure to join the rising price of bitcoin as well.

crossabdd

legendary

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better investment in good coins, Bitcoin, ethereum, bnb, ADA, Link. for digibyte, I held for a year ago. and lost more than 70% of my assets. there is no update to DGB as long as I hold it. there are still other better coins. I suggest choosing another coin, not for DGB.

numizmat

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sana54210

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Quote from: jesse florian on October 20, 2019, 02:31:33 AM

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you Tongue

I appreciate your enthusiasm for cryptocurrency investment and I also appreciate your passion for future preparation, but I think you are having a wrong choice of investment here, digibyte is one of those coins that is being forgotten already and I don’t think that there is much future awaiting this coin, forget all the people promising high yield of return with it, it is impossible for a coin to yield profit when there is not going to be an adoption for it.

There are better coins with better technology that people wants to adopt, and these are still the top 10 to 20 coin that you can see in the coinmarketcap if you check it yourself, and of which the number one coin that should be of a very high priority to you right now should be bitcoin, with this $100, you can imagine what you investment would have turned to by the time that you are 25 years of age and before you even turned 25, some of these altcoins would have surely dies of the market including this digibyte you planned investing in.

jesse florian

newbie

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so I have done more research and will invest in XRP, along with others too. but coins from the top 10. thank you all for the help

Kersh768

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Quote from: jesse florian on October 20, 2019, 02:31:33 AM

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you Tongue

You came when the market became more complicated than before.Investing at this moment would be a huge risk because of the market behavior we are seeing right now. Investing right now would either give you huge profit someday, once recovery take place, or huge loss if you would be investing to the wrong crypto. The problem is lack of assurance on when will recovery take place. Given such situation, I do highly suggest investing to huge cryptos such as BTC, LTC, XRP, and the likes. These coins ould be less risky to invest.

poornamelessme

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Quote from: jesse florian on October 22, 2019, 06:03:55 PM

im currently watching a couple coins, Function X, Dogecoin, and VeChain. these ones have gone down in value while Enjin Coin, Basic Attention Token, and XRP have gone up, especially BAT. im curious if people purchase coins while they're rising or while they're at their lowest. such as BAT, should I invest while its climbing? or wait. im just trying to see how the market works now and how short term and long term investing is

Buy low, sell high.

Of course we run into the little problem of not knowing where the low or high actually is ... or I'm basically saying, nobody can really say when to invest into a coin or not. Generally speaking though, it's not a great idea to invest into a coin while it's pumping ... early pump is fine, mid is risky, and at the end you'll get stuck. But as I stated, it's not always clear where those points are.

If you want BAT, look at publishox and the brave browser, gather up some freebie coins. You won't make much, but it's not like you have a ton to invest to begin with. You'd at least get some guaranteed profit that way.

Ejanend

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Quote from: Ucy on October 20, 2019, 12:30:00 PM

Day trading DigiByte would be better than "investing", in my opinion. It's way too risky to invest in cryptocoins that are not top 10. Besides you are a newbie and shouldn't be dabbling in lesser known altcoins. DigiByte was doing quite well in the past until the 2018 crash though.

Why not invest in Bitcoin? It's the safest Cryptocurrency to invest in and can be more profitable long-term.

I highly agree with you. First of all, I think it is better and more beneficial to go with potential coins like bitcoin but still if someone has decided to try new ones, then he should not believe them to exist forever or return profits like bitcoin. If there is some coin that is hot topic, day trade with it and earn. Long term investments or even short term ones should be done with bitcoin or ethereum.

tabas

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Forget about quick buck because the chance you'll get broke is high. But if you are in need, look for those coins that have high liquidity and volume, you can make better with those. First definitely is with bitcoin, the volume is high and it's one of the best coins that you will ever trade.
DGB has also high volume but if you are unsure with what you do, better to gain more experience and be open with self-teaching through the possible outcome that awaits whether it will be negative or positive.

jesse florian

newbie

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im currently watching a couple coins, Function X, Dogecoin, and VeChain. these ones have gone down in value while Enjin Coin, Basic Attention Token, and XRP have gone up, especially BAT. im curious if people purchase coins while they're rising or while they're at their lowest. such as BAT, should I invest while its climbing? or wait. im just trying to see how the market works now and how short term and long term investing is

xiboothrezi

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You are quite young, congratulations because you are familiar with cryptocurrency, hopefully, you can earn money and can get a lot of lessons from here. Well, Digibyte is indeed quite potential, especially after a sharp decline there has been no significant increase, this could be one of the opportunities to take part in the bounce. In addition, the product is still growing, so for long-term investment, I think it is quite promising. the important thing is you have to understand the risks, I also recommend analyzing other potential tokens or coins, dividing investment into a good strategy.

Wysi

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Quote from: pakdemaco11 on October 22, 2019, 10:57:31 AM

Some of the very recommendations I bought for the first xrp. Xrp is a very potential coin because behind them are the world's big banks. Second bitcoincash, many media say that bitcoincash will be able to exceed bitcoin in terms of fast shipping and low cost.

Both are profitable and established coins wherein one is unofficially backed by the bankers and if you really wants to earn profit from Ripple then set a target and auto trading as the value keeps fluctuating with a small margin and you need to utilize those small margins to make your profit. When it comes to BCH I don't want to comment much but just a suggestion that all the coins listed in coinbase worth the investment and BCH one of them.

South Park

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Quote from: jesse florian on October 20, 2019, 02:31:33 AM

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you Tongue

It is always nice to see new and young people interested in this market, but this is my issue you admitted that you do not know in which coin to invest and how to do it, tell me it is not that a sign that you do not really know what you are doing and that you should wait until you do? Investing is not something you can learn as you go, you either know how to invest or you do not, and if you do not it is better to abstain to do it or you could lose your small capital.

Meowth05

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Quote from: jesse florian on October 20, 2019, 02:31:33 AM

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you Tongue

I like the idea of having research first where to invest your money first before making a move, however, perhaps, the best option is to invest in top-ranked coins such as Bitcoin, Ethereum and XRP not in currencies that you don't have knowledge with. Since you don't look for fast income then I'd recommend investing in top-ranked coins for long a term. This is way safer yet profitable because they have the highest liquidity in the market.

NathanJB

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Quote from: jesse florian on October 20, 2019, 02:31:33 AM

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you Tongue

Of course, I would never consider DigiByte (DGB) bad. It is a nice coin with a nice project also. But if it is your first investment in cryptocurrency, I don't think DigiByte (DGB) is the best choice. Why not start with Bitcoin itself? $100 might not be that significant but it is not bad at all for a starter. Or if you are interested for an altcoin, why not choose the top again? ETH is the greatest choice out there. But don't interpret me as discouraging you against DigiByte (DGB). If you really like it, give it a go. It is not a shitcoin.

Topic: HELP! I want to invest but don't know which and how. is DigiByte ok? (Read 652 times)