Topic: How and where invest 500€ - page 2. (Read 465 times)

If you are looking for some kind of website or a group of people handing out advice on what to buy and what to sell I advice you to rather stay away from it or just don't take their tips too plainly as it will always be backed up by some personal motive or they are just simply wrong. If you are really a novice in crypto trading you must learn technical analysis instead of people doing the analysis for you as they can be wrong with what they are doing so if you have knowledge in trading by yourself  at least you will have the ability to double check what they are saying if it is any true or near what you have analyzed.

Precisely because there is a high chance that such an investment could sooner or later result in a loss, not only if the money is invested incorrectly, but also if the purchased crypto is stored in the wrong way. As some others suggest, it would be logical to first invest some time in education and then decide whether it is a short-term or long-term investment. If the OP wants to trade on a daily basis it is only logical to keep its funds on a crypto exchange, and if he wants to invest long term, then he should invest in a hardware wallet or learn how to make a cold wallet.

There is no magic guide that can teach someone which coin to invest in, when to buy or sell - Bitcoin is the only thing I personally believe in, but let everyone do with their money what they want.

My advise is do your homework first. By means of that is study how crypto works and how to invest with it properly. Some mistakes by newbies are always jumping to buying when others suggest it. Dont be such a guy who loves fomo cause sometimes its not effective especially if the one telling you to bought a particular coin already bought at the dip price and only influencing others to hop in.

Better to do is use Google Search Function and find out yourself. This pretty basic question should be understand by newbies that it can be done by couple of clicks on the internet. Resources are all there and be resourceful to find it out first.

Well, there are some steps that you need to understand... First of all, learn how to buy, for that, we have the exchanges, you can use coinbase or localbitcoin to spend those 500€ on bitcoin... So, the second step is where to invest the money, there are tons of options, but the most common is to spend on some other altcoins, and that could be done from the same exchange. That way you can invest, then wait for the markets to bump, and then sell.

Invest in established currencies so less chances of your investment to get wiped out, get familiar with crypto wallets to keep your crypto secure. Start with $50 or smth and get familiar with exchanges to know how buying/selling works. Really just take a small step and you will figure it out little by little. Good luck.

invest directly with bitcoin, this is the only crypto that gives the value of other crypto being paired to it even the altcoins that are widely known get its value from bitcoin. This is why they are called as alternative coins (altcoins).

But somehow you should have known the best time to invest. I think it is not now because bitcoin price peg at high valur and it can go down anytime soo  that can make loses if you do not know to hold.

I don't tell you where invest your money but give you an advice to learn more about crypto. Then you understand by youself where and how to invest that cost.

If you mean investing - then invest in your own training.
If you mean speculating, then you need to do a lot of reading first, and don't start to speculate until you understand the industry.

I would recommend to not blindly trust other people here on the forum. Better to do at least a little bit of your own research, it is always hard to do own research as a beginner, but that is also the way you learn a lot here.

Personally, I would recommend you to split your money up across multiple coins. As a good start I would put 50% in Bitcoins, and spread out the other 50% across alt coins such as ETH and LTC. These are all established coins where the risk of losing your money is fairly small. You can just buy and hold them.

If you're asking us where to invest your money, then you're probably not ready to invest.

I'm a firm believer in investing in what I personally know; and if I know that something is a good investment, though second opinions aren't bad, I wouldn't even need to ask people for opinions.

Go do some research on the stuff you're interested in investing in, and make your own conclusions. Might as well just not invest if you're not willing to put in the work.

With all of those suggestions and recommendations.

I have one last tip.

There could be predators that will send you a message that they know where to invest that money of yours. I suggest that don't entertain any of them as most of them are strangers. They are likely trying to do some shady business with your money or worst, scam you.

I hope that 500€ is not your life savings because I would not suggest investing it in that case, but if it is your extra money and you are ready to lose it or profit than you can consider first learning when to buy and when to sell something.
As Warren Buffett say: “be fearful when others are greedy, and greedy when others are fearful.”
Safest bet is to buy some Bitcoins and keep it long term, and maybe take some profits on top of the bull runs.

Investing in one of the top 10 coins is the safest investment but you shouldn't expect a big profit from it in a short time especially when investing a small amount of money (no offense @OP).

I'd rather suggest using those 500€ in day trading. It's not as safe as investing in top 10 coins but with good management and the right skills, you can make a good profit out of it. no risk, no reward 

1. Make sure you invest only money "you afford to lose" (meaning to keep them locked into something until better market conditions or even selling at a loss).

2. Make sure you read and understand what you are investing into. Bitcoin is a wonderful investment, but also highly volatile hence high risk. Most altcoins are even more volatile hence higher risk. (I also advertise a token tied to GOLD price which has lower volatility, you may like it). Then there are the scams - a big number of altcoins exist only to scam, especially in current DeFi rush.
I know it means to do a lot of research, but it's your job to do since it's your money.

3. Make sure you understand transaction fees, exchange withdrawal fees, the difference between custodian wallets and having your own keys and also read about how to keep your keys safe (anyone with access to them can spend those funds); hardware wallets may be something too to read about.

Crypto is wonderful, but there's quite a learning curve, else you can make mistakes easily. But if you take the time and get to understand it, I expect you'll love it. Good luck and enjoy the ride!



This forum is a great source of information, but you have to learn to refine and ask more exact questions.
Books about Bitcoin, trading, this and that altcoin... you'll be able to ask or find by searching. But imho you'll have to try better questions than this.

This being a Bitcoin forum, the obvious recommendation would be Bitcoin. The second best place in my opinion would be paying off any debt you may have, as it is very difficult to ensure the types of returns that you would save by eliminating debt.

Do you know what you want to invest in? I think bitcoin is the most populært option, followed by ethereum.

I'd suggest looking at a site like coin market cap and only investing in the top few (5-10) coins by market cap if you wanted to diversify.

The safest way to profit from any investment you think will go up in value is to hold the coins until it does and you're happy with the new value.

Hello,

I would like to start investment around 500€ into crypto but I need some advice cause i'am totally novice.

Do you have some advice ?
Some ressources to get information ?

Thanks