Topic: How and where invest 500€ (Read 465 times)

ask yourself first are you ready for the consequences of investing? I have seen people regrets investing because they made a big mistake of choosing when to invest, I think you need to study first a little bit of cryptocurrency how they behave because we are talking about money,
like everyone said invest money you are willing to lose, choose carefully when investing, don't be emotional when investing or trading

I'm not surprised you didn't include coins with good marketcap. You are just shilling your coins here. No one is going to buy them.
I'd advise OP to invest in top coins with huge market cap and better usecase.
Don't make mistakes most beginners make when they got into cryptocurrency. Don't invest in HYIP and don't give money to anyone that tells you they are professional traders.

Good to you to try gekkoin platform. It uses stablecoin, bound to euro - EURG. Also, you'll get a payment card. Check their site and use calculator to check possible income

Well what are your expectations?
High risk but high reward, or low risk but slower more sustainable gains?

If option 1 is your cup of coffee, then buy some BTC or ETH in a dip, and sell when it goes past a certain TP point.
If option 2, then consider tokenized real estate. (pm me for details if interested)

Don't do HYIP tho, as almost all of them are a scam or ponzi.

Well, I don't know your level of knowledge in cryptocurrencies, but I advise you, study first, and analyze if your investor profile fits into cryptocurrency, because this market is very volatile.
Try to understand how cryptocurrencies work, study about blockchain, altcoins and other related topics.
On youtube and bitcointalk you can find some study material that will help you

Remember, exchange is not your wallet
In crypto, do not invest what you can not lose

I'm also pretty much new on the space but I will boldly say that your best stop is the coinmarketcap. You will find all the notably assets as well as information and links to now information about them. Good luck mate!

If you want my advice, don't believe people who say you have to have a coin portfolio. By the way you describe your investment as investing into crypto you aren't sure what it is that you want to buy.

Altcoins are not Bitcoin. They aren't simply a competition, they are mostly clones of some kind.

Like when you go to a cheap store and they have all the popular candy bars, just cheaper and with different names. You see something that looks exactly like mars but has a different packaging, is cheaper and is not going to taste as good as the real thing. That's what altcoins are.

Buy some Bitcoin and think about what you're going to do next. If you have that gambling spirit in you buy an altcoin that you like, but never, and I repeat never buy a bunch of altcoins just to have a portfolio.

I predict the market will grow at the beginning of next year and a good opportunity to start investing from now, For beginners, it is advisable to share investments in bitcoin, ETH, LTC and other top altcoins to reduce the risk of loss in case of adverse market impacts at any time.

It is very risky if you want to invest in crypto, e.g. bitcoin in this case. Although bitcoin is indeed the safest asset among other cryptos. But still, bitcoin is also very volatile.
If I Look at your questions, it’s as if you’re confused and the first time it will invest in crypto. It’s also possible that you’ve previously invested in crypto whether it’s bitcoin or altcoin.
If you have already invested in crypto, at least you already have experience and learn from your experience, approximately which coin according to your observations will give you a future advantage. It needs its own analysis, and input from others also important.
But if you’ve never invested in crypto, my options don’t enter now in the crypto market. It is better to learn to know coins or strategies in trading. You must learn all about trading. Because it concerns your finances. Or if you still want to invest, it’s best to start with a little capital as by trading daily, don’t use your entire 500€.

I think the best advice would be to invest and keep the risk low and the chances of losing are much lower. If you are new to the crypto market you can choose binance for investing in currencies. If the price goes up you will be able to earn double profit the risk in gambling sites is high it depends on luck and if you don't have a good idea you will lose everything. Hold on by investing in Bitcoin.

cryptoaddictchie, when I first became more seriously interested in cryptocurrencies I started with Dogecoin because I could get it hundreds a day through faucets and it was a nice feeling to have thousands of coins, yet it wasn’t that easy to collect 1 BTC or maybe buy it. Even today, every beginner thinks about how difficult or almost impossible it is to own 1 BTC, but on the other hand they are given the opportunity to buy some BTC forks for relatively little money, or to own some aforementioned altcoins that cost around $4- $5.

The thing is of course in psychology and small/large numbers, because if we ask a beginner if he wants to invest 500 EUR and buy 0.04 BTC or buy 150 DOT for the same amount, most will still opt for the latter. Especially if someone pushes them in that direction, and if you go to the altcoins boards, everything is full of promising projects and everyone claims that they are the best for investing.

Don't invest yet since you might lose your money if you listen to the suggestion given although they are good but it needs proper learnings because there are risk for those suggestion. For now try to to became informative discussion regarding on certain things especially what you are seeking to is here and learn from the discussions given and also learn from people experiences about how they lose their money because you will learn big from that and you will know what things to avoid.

Actually thats the thing. But cant suggest a shitcoin to a merely beginner whom just started his journey with trading and investment. They should understand first the major coins that have details and more longer before trying to enter to new coins cause its quite risky.

I know the risk of investing on hype coin that made multiplier and its really fast and quick money. But the risk is almost high that your fund could be burned or gone right away. So better OP to really put some due diligence.

I would suggest u invest in alt coin cryptos that have potentials, there are a lot of them out there. You mustn't necessarily start with btc, grow ur income from alt coins.

You can invest your funds in gambling sites, crypto exchanges or take other business courses...
but before actually plunging into the investment you want, you should do more research about your investment plan including the risks so that you don't lose and regret it later.

Pick a wallet or exchange if you want to invest in cryptocurrency I suggesting Binance if you want to start trading and go for a private wallet if you want to invest all in bitcoin. It's easy to buy cryptocurrency using the Binance exchange because you could directly cash in your money depending on your country. And then you could pick the cryptocurrency you want to invest in my suggestions are bitcoin, Ethereum, XRP but investing in some altcoins is also profitable in my experience trading. If your planning to invest it all in bitcoin you could just create a wallet like Electrum and then send all your Bitcoin in Electrum.

My surprise was short-lived, seeing that he was in a bounty campaign for a known scam as bitwings...


I would suggest to the OP to do the same thing as I did, if a user suggests him a coin, even he gives a lot of information about to check how much of that is vaporware and how many shilling for some coins that will turn to dust in a few months. If you're new to investments start with the things that have been at least close to solid in the past and with a history, don't throw yourself at the first opportunity, yes you can hit the jackpot but you can also lose everything and the second happens more times than the first.


Don't do this! It's like rushing people to gambling when they have no idea how odds are calculated.

You should not be surprised, beginners always go the line of the least resistance and invest in altcoins which are of course cheaper and of course promise xxx return on investment in a very short time as they are revolutionary and much better than BTC. The same old story that keeps repeating itself, and someone posted an image with CMC a few years ago with all those altcoins that almost disappeared in 90% of cases - and that's what awaits the above-mentioned.

If something has no purpose and meaning then it cannot survive in the long run, and the only reason such projects are created is that it is a very easy way for individuals to get rich literally overnight. Create a coin, put some money in advertising, catch as many fish in net to pump coin price, dump your coins and try to repeat that again = profit.

Im surprised there is no bitcoin and ethereum on your suggestion. Among your suggested list I have three of those except social good which I never heard of. Also I am quite dissapointed with rio defi result. Ive invested with it knowing it could be a multiplier like the mantradao but it seems Ive wasted funds on this one. They are active but what they did during their opening IDO is not really professional. No offense but thats my opinion. Anway if you are gonna suggest why these coins to OP better give him some information about these coins cause he is asking about it. No sense to recommend when you dont have information why should he invest on these.

In my opinion, divide your money into four coin- Polkadot, Binance coin, Social Good, Riodefi.

You will find all of them in CMC. but remember it is your money, so do research as much as you can.

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