Hello guys. Im pretty new to cryptocurrency. So I have read for about 1 month news and articles about altcoins and bitcoin, mining vs buying crypto, trading and investing, checking each day price of top 10 coins. I do understand that I can not make billions since I should started few years ago. But I really like the idea of crypto and I would like to support / help it by buying / investing some money into altcoins. I dont have enough money to buy bitcoin. Here come questions :
1) Im interested in benefit / result in long term.
So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2)
Would you suggest to divide my start capital in 10 parts?3) Is it OK to buy part of bitcoin and not whole coin?
4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?
5)
Can you please link other forums or websites with helpful info for exploring and learning?6) And some reliable websites for buying crypto from Europe and online wallets?
7) If I also want to try mining should I start then with coins like litecoin and ripple?
Which alternative is good to programm Coinigy (trading programm) ?
Thanks for reading and good luck all.
Hi kipikipi, and welcome to bitcointalk/cryptocurrency. I just wrote an article that may help with a few of your questions:
Cryptocurrency and Market Timing Irrationality -
http://dnotesedu.com/2017/07/cryptocurrency-market-timing-irrationality/"So I want to make my portfolio low risk." - This will be virtually impossible in current environment, but there are a few tips in the article that may help.
"Would you suggest to divide my start capital in 10 parts?" - That is a good way to spread out your risk, along with starting out with small $ amounts. This is the strategy used by penny stock investors, with the hopes that one of their choices will turn "blue chip", even if the rest flop.
"Can you please link other forums or websites with helpful info for exploring and learning?" - The following sites have input from team members with extensive experience in business and finance, on top of their knowledge of the cryptocurrency industry:
DNotesEDU is an educational site for cryptocurrency and personal financial literacy, with new material being worked on regularily -
http://dnotesedu.com/CryptoMoms is a currency-neutral learning center that is
open to everyone. The forum is a great place to learn and ask questions -
http://cryptomoms.com/forum/Let me know if you have any questions. Good luck!