HELP! I want to invest but don't know which and how. is DigiByte ok? - page 3.

Fredomago

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Quote from: GrayFullbuster on October 20, 2019, 10:53:28 PM

You have a poor mindset because you think you can easily increase your $100 investment in this market. There are risks that should you consider before buying a coin. It seems that you still not have enough information about how the market works because you said that you need help.

The mindset like that mostly loses more inside this market having a panic emotions once the trend is not favoring your investment position. Adding more knowledge before jumping to any investment not limited with crypto but to any investment platform that you will going to take needs enough
learning in order to have a good decision making.

Your knowledge will be manifested when you go deeper and it will produced right decision from each venue of investment.

jesse florian

newbie

Activity: 18

Merit: 0

Quote from: GrayFullbuster on October 20, 2019, 10:53:28 PM

You have a poor mindset because you think you can easily increase your $100 investment in this market. There are risks that should you consider before buying a coin. It seems that you still not have enough information about how the market works because you said that you need help.

I don't think I have stated or gave the impression that I am looking to easily make cash, and if I did, I did not intend that and apologize. I even stated that im not looking for a quick buck and am just curious about the crypto world. I am aware of the risks that go into investing in cryptocurrency. im very aware that I could lose my $100, which is why I chose to start with 100 because it would not affect me if I lost it. and of course I need help, I need help with information and others opinions on what I should do and if I should invest, what to invest, and how the market works. might I add, its not even been a day since I started. im a complete beginner

GrayFullbuster

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You have a poor mindset because you think you can easily increase your $100 investment in this market. There are risks that should you consider before buying a coin. It seems that you still not have enough information about how the market works because you said that you need help.

jesse florian

newbie

Activity: 18

Merit: 0

sorry for the late replies, I have learned more about digibyte and other crypto currencies and I guess the reason why I like digibyte is due to the transaction speeds and security? I have found others that I took interest in as well. but I have also learned a lot in this form, such as "abandonment" which I guess is when a currency goes bankrupt? along with old crypto and new crypto which I have no idea what this means, and long term investing. is long term investing just investing in this for a long time? because a couple of people have stated that DGB is good for long term and others have said it's not. I guess the thing that I learnt the most is how unpredictable crypto is. im also curious what the point of a rank is, is this just to show which is most popular transaction wise? sorry for all these questions.

TitanGEL

sr. member

Activity: 1036

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Do not invest if you do not know where you will put your money. Focus first in improving your information for you to have an idea about the best investment that you can make.

Ferris419

hero member

Activity: 1008

Merit: 501

You should research more to know which coin is better and why. Don't choose a coin by seeing its catchy logo or high rank! Personally, Digibyte not looks that good to invest for the long term. As you are investing 100$, then I would recommend the FX coin by pundix. This coin has limited supply and already has a very good use case! They are building a smartphone which has Android & Blockchain two different OS! And, before investing, research yourself again and again

coinswebid

sr. member

Activity: 1092

Merit: 250

Quote from: jesse florian on October 20, 2019, 01:31:33 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

basic rule of investments invest only what you can afford to lose my friend
and if you really want to invest in cryptocurrency, you must learn all about this industry before you put your money in
remember learn first before earn
DGB maybe this coin is good enough, because this is an old crypto, who can survive and stand as the TOP 60 coins at coinmarketcap

Aabcde

sr. member

Activity: 1050

Merit: 256

I suggest you do a series of research against other coins. Many people can advise but is it suitable for us? Therefore, in fact the decision is always in your hands. I am not accustomed to giving advice, because it could be that my advice is wrong which will actually make you lose or blame me. The best thing is to strengthen your understanding in the world of crypto investment.

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: mk4 on October 20, 2019, 01:42:18 AM

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

Tell me. Why gave you interest into Digibyte in the first place? If your answer is because it's "cheap" at $0.007632, then you need to do a lot of reading.

P.S. I think DigiByte is crap.

This is a marvelous reply to that post, some folks want to invest in coins because they hear it's cheap or because it was hyped by an influencer without knowing the basics of the project or why they think investing in the project will be beneficial. Someone once asked me if he should invest in SNTR, when I asked why do you wish to invest in the coin, his reply was because it was called in a telegram channel. Digibyte is not entirely crap IMO, but for me it's a no no for long term investment.

pixie85

hero member

Activity: 2184

Merit: 531

Digibyte is not a very good coin even among the second rate altcoins. The rule is that when you're starting your journey you should have BItcoin. Spend at least half of what you have on bitcoin and the rest on an altcoin project. You could also go 100% bitcoin which I would recommend.

If you choose altcoins there are top projects like ETH and less popular but still interesting altcoins like Dogecoin. Choose something of that sort and don't waste your time on the rest.

TheICE007

full member

Activity: 646

Merit: 100

tozex.io

It's a good thing you have interest in the blockchain, blockchain is indeed the future. Your idea isn't bad but before you invest in any project, make sure you are following updates about the project not just the price fluctuations in the exchange. Try to know if the team of the project is still active and also the community. Don't just look at only the price of the token,buying because price is very cheap.

BitHodler

legendary

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Quote from: btcdie on October 20, 2019, 02:39:46 PM

I also suggest if you want to invest in crypto assets. preferably, invest in the top 10 in CMC. if you look at it in terms of 24-hour DigiByte volume, which is 370 BTC. quite ok for me and you should find out more about the coins you are investing.

If you look to diversify, the top 10 is generally the safest route to follow, but people as greedy as they are, they prefer to pick a few smaller coins and then go balls deep in them hoping to bank on a pump.

The reality however is that people end up losing most of their money that way. As far as Digibyte goes, it doesn't add any real utility over XRP, and that's definitely reflected in the price of Digibyte.... it's just another pump and dump coin.

HabiebRiziq

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Quote from: jesse florian on October 20, 2019, 01:31:33 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

If you want to invest in Digibite, it's better for you to observe the price movements from day to day to then determine when the right point to buy it and maybe I just add if you want to invest in a long period of time and to avoid the risk of failure, I would advise you to invest into bitcoin.

btcdie

sr. member

Activity: 784

Merit: 251

altcoin is very risky for beginners, and bitcoin transaction fees are also big for beginners. my advice before investing in crypto assets should do research / analysis of the coins you want to invest. for now forget about the kion you bought, and wait for bitcoin to the moon, then your coins will also be with bitcoin.

I also suggest if you want to invest in crypto assets. preferably, invest in the top 10 in CMC. if you look at it in terms of 24-hour DigiByte volume, which is 370 BTC. quite ok for me and you should find out more about the coins you are investing.

poornamelessme

hero member

Activity: 1204

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Quote from: jesse florian on October 20, 2019, 01:31:33 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

Safest bet would to just buy BTC and forget about it. If you prefer a whole coin for some reason (not that it matters in the least as far as investing goes), save up a little more and buy 1 ETH.

Or if you just want something to play with + trade once in a while, do the Dogecoin thing like someone else mentioned here.

Just be aware that $100 can turn into $50 or less real quick in crypto-land.

notblox1

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Quote from: mk4 on October 20, 2019, 02:52:12 AM

Sure a lot of people invest in bitcoin even if they don't understand it, but that doesn't make it right. Chances are that those people are in thinking it's a get-rich-quick scheme, and then they go complaining on Reddit when the prices drops in the short-mid term.

People invested in internet back in the days and in many other thing they don't understand.
You are not making any point here ...sorry.

I am not talking about DGB here, as I don't support that project, like I told OP.

Pithaxz

jr. member

Activity: 453

Merit: 2

https://goldeth.io/

if you are really a beginner or do not have knowledge of cryptoqurrency, my advice is you start with the highest altcoin investment in the market, such as ETH, EOS and BNB. actually I am also a beginner and not very expert in this industry, but it is far better if you are not in a hurry to invest with coins that you never know its origins (Digibyte)

aioc

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Activity: 2926

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Quote from: jesse florian on October 20, 2019, 01:31:33 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

Digibyte is a good coin to invest and you have done the right thing doing research on it, but since it's only $100 canadian dollar you can use it to follow how the price movements work, so you will know the whole idea of investing and looking in the market, so when the time comes you have a much bigger amount to invest you'll know the idea and get a picture of it.

CjMapope

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~Full-Time Minter since 2016~

Quote from: jesse florian on October 20, 2019, 01:31:33 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

lol this reads like someone without the mental maturity to BE investing in this space man Tongue

The best advice: don't let others tell you how to spend your money
learn to make educated decisions by researching each project you find interest in
and the choices will make themselves on whats good or not to buy into Wink

Darooghe

sr. member

Activity: 1120

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The term "investing in cryptocurrency" is nonsense, It's correct name is "gambling" and I would say that now is a decent time to gamble! it's gamble because of high volatility that means the worth of your investments can greatly fluctuate over a very short period of time and your investment going to zero very fast. what that really means is that your "investment" should be money you are ready to loose completely without affecting your basic needs.

There is a lot to learn in the Crypto space. there is a lot of amazing projects out there. It's very hard to choose. I hold mostly BTC, but also some Monero, ETH, Nano, BAT, EOS. But yours might become different, i wish you good luck. we are all on the same side even if it doesn't look like that. we all want Crypto to grow together, even if we hate one and other from time to time.

Topic: HELP! I want to invest but don't know which and how. is DigiByte ok? - page 3. (Read 676 times)