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Topic: How do I start out trading with $200? - page 6. (Read 1579 times)

full member
Activity: 448
Merit: 101
November 12, 2017, 07:13:54 AM
#45
if you put it into the beginning when it cost 200 dollars right now it would be $ 2400)
sr. member
Activity: 434
Merit: 250
November 12, 2017, 06:27:26 AM
#44
I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

1. Low cost high cost - has only to do with the marketcap of a caoin
2. Well with 10$ even if it multiplies by 100 you have 1000$ ..
3. No keep your hands of ICO, if you really like an ICO buy the coins afterwards on an exchange!
full member
Activity: 658
Merit: 102
November 12, 2017, 06:27:21 AM
#43
I would recommend spreading your investments a little and just hold those coins for a long time. No need to day trade since you will probably get burned sooner or later.
hero member
Activity: 756
Merit: 500
November 12, 2017, 06:26:08 AM
#42
It is not too much money, I think you should risk that money. Make research, search for the coins which will have at least x2 x3 improvement and trade your money. Also, you can join bounty campaigns to increase your money, since making x2 your money is not a short process; and after you do that the only earning will be another 200$, which may not be worthy considering time.
member
Activity: 60
Merit: 10
November 12, 2017, 06:22:11 AM
#41
I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

NEM has come down. Catapult is out. Now it might be a good time for investing some XEM's.
sr. member
Activity: 394
Merit: 250
November 12, 2017, 06:19:34 AM
#40
i started with the same amount of money about nine months ago. Did not touch ICOs for first six months, because the fliipening time is too long. My strategy was aggressive daytrading. I was looking for a coin that just started to rise and had big volume, went all in, and at 10-15% gain went out. Repeated that for couple of times. With the gains i started to build a hodl portfolio.
hero member
Activity: 784
Merit: 1000
Live Stars - Adult Streaming Platform
November 12, 2017, 06:13:15 AM
#39
Investing 200 dollars, you can earn more than 1000% per year! Where to invest? half in the ICO, half in the top ten currency rating Cool
full member
Activity: 280
Merit: 110
November 12, 2017, 06:11:49 AM
#38
I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

Trading is a very risky thing. You must invest a lot of time in research and the chance of loosing everything is very high. Another thing you must have some experience in trading so that you dont do panic sell or buy. For holding the amount is too low.
My advice is to invest in ico. Do some reseach and find two ICO`s in wich you believe and with thrusty team and invest in them. The proffit will sure come. I regret that i didnt payed attention to this opportunity before. Plus you cand do bountyes for the ico and gain lots of tokens.
Best of luck!
member
Activity: 92
Merit: 10
November 12, 2017, 06:06:32 AM
#37
I think you should put all money in 1 coin. You may choose ETC, NEO, OMG, those coin have biggest gain each time market green.
full member
Activity: 322
Merit: 100
November 12, 2017, 05:28:37 AM
#36
I suggest that you may want to pick maximum of 2 cryptocurrencies. In my opinion, your capital is way too low to diversify. Just looked for the charts that dump the lowest or one of the lowest for quite sometime, considering that the project has good and active team. Then, its a perfect time to buy in.
member
Activity: 104
Merit: 10
CryptoCurrency
November 12, 2017, 04:52:59 AM
#35
it hard to make profit with only 200$ and with no trading skills. I recommend you to play around with 50$ in order to learn daily trading and understanding how the market works.
how to understanding the market itself? i really get difficulty in trading, for 2 years i never can understand what trading is.
sr. member
Activity: 812
Merit: 256
November 12, 2017, 04:43:00 AM
#34
Do a good research and invest in 2 to 3 coins. You are able to earn good money as well. It doesn’t matter if the coin price $0.01 or $10 now.
full member
Activity: 450
Merit: 100
November 12, 2017, 04:22:15 AM
#33
If you want to start trading then you have to know the issues first, So you have to know about the market before. Keep track of the market up-down. So you can find out more about this site from Coinmarketcap. And if you can help some experts.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
November 12, 2017, 03:56:12 AM
#32
I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

I think its not about the money when you are trying to start trading. It is about the skills and knowledge on crypto trading that matters. Even if it is just a $200 starting investment, if you are ready, complete with the necessary skills and understanding of the art of crypto trading, then you will earn. For now, learn trading. ICO is not for you yet. I think you will consider the coins that are having large spikes. Wait for these coins to be on its very low value before buying.
Yes, people keep saying trading is about skills and also that true trading is like a full-time job. Maybe that's true, but how can one learn to trade with profit? I think it's not about projects anymore. You can be an expert on how neo is different from ethereum but it doesn't mean you'll make a right decision. A lot is based on luck, especially short-term. Take a look at bitcoin cash. There are no rational explanations for what we see now and nobody know when it the right time to dump it and whether investing right now would still be profitable. This is why I think it's better to research a project and invest long-term hoping that people will realize how cool it is after some time.
member
Activity: 182
Merit: 14
November 12, 2017, 03:53:49 AM
#31
200 dollars can be a lot of money in the crypto world if invested smartly. I would suggest investing in ICOs that are gaining many followers and have promising plans with expected profit in the future. On the other side if you want to trade buy more coins not just one altcoin cause if one falls in price there are always others that can regain your profit. Btw, look at the analyzation of the crypto-coin trading every day to calculate and learn about the coins you possess.
full member
Activity: 644
Merit: 101
November 12, 2017, 03:36:36 AM
#30
Firstly you should be divide that amount of money by maksimum to 5 different altcoin and choose altcoin that has good fundamental, big volume and big marketcap like ETH, DASH,WAVES,LTC and XMR. Buy these altcoin when in oversold area and always patient wait to get cheaper price, then dont be greedy when taking profit. Take profit maksimum 20% every trade is enough, then dont forget to cut loss when wrong trade and  cut loss when floating minus 10% so the amount of  lose not bigger.
member
Activity: 126
Merit: 10
November 12, 2017, 03:15:14 AM
#29
start to make research before in a good alt with a  low price , and have faith Smiley
sr. member
Activity: 728
Merit: 250
Buy, sell and store real cryptocurrencies
November 12, 2017, 03:14:56 AM
#28
$200 is a good start. As for your trading strategy, it depends on what you want to achieve. If you want slow and steady profit, buying BTC and keep for the long term is good. With BTC price falling now, you can grab some $200 worth of BTC and hold till you earn a few times.

If you want quick and high returns, do some research and invest in newer altcoins and ICO projects. It can bring multiple times of your initial investment but the high return is more risky.

For me, I diversify my investment by buying BTC, altcoins and ICO projects.
newbie
Activity: 35
Merit: 0
November 12, 2017, 02:57:49 AM
#27
I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

I think its not about the money when you are trying to start trading. It is about the skills and knowledge on crypto trading that matters. Even if it is just a $200 starting investment, if you are ready, complete with the necessary skills and understanding of the art of crypto trading, then you will earn. For now, learn trading. ICO is not for you yet. I think you will consider the coins that are having large spikes. Wait for these coins to be on its very low value before buying.
first think first never trade if you not have enough knowledge about it. people who succses in trading had to bite the bullets i mean you just need to learn first and know what good and bad from it. Also ICO is not good enough take a long time and that ico can be scam or something else
member
Activity: 180
Merit: 10
November 12, 2017, 02:47:57 AM
#26
It's not about how much money you need to invest. It's about what coins you invest in, try to find a coins that has potentials to grow within few month. Do your research before buying. There are lots of shitcoins floating around.
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