Topic: How much should I invest in cryptocurrency as a beginner - page 2. (Read 342 times)

Instead of educating other beginners with some tips and advice - then this quote seems to work for you too.


I don't blame you and your good intentions for sharing knowledge and advice - but nevertheless advice like yours on your topic seem to have been very commonly written by many other users. Admittedly not all users on the forum are well educated about trading and investing - but I tend to expect you to find other unique ideas if you want to earn merit and rank. Good luck - but I don't mind your good intentions.

A good debt is when you've got a stable business and you're going to do it for expansion or when you've got a plan to increase your production. But with an investment, which is like floating and you have no idea if it's going to be good or bad, that's a bad debt.

That's right, it is not advisable to get into investments in crypto using loans. How many have we seen those people that have done the same thing, most of them regret it and if there were successful ones, they're just few.

as a beginner whats crucial is knowing how exactly investment works it requires just small amount of capital and you're set.
you don't need that much of capital because of course you are a beginner which has higher chance of just losing your investment like that since
you are still hardly make any good decision.
if you are investment with so much money i'm afraid that a series of bad decision from your side would just make the money vanish into thin air.

Someone that is just starting out their journey needs to use a small amount of money, now what small means can very greatly depending on the capital that we have available to us, but it should be money that in the case everything was lost we will not be affected at all by it, this way we can learn a great deal of things even if we happen to lose, something that is almost a certainty, then those lessons will be learned with a minimal cost and then once we trade for real we will not make any of those mistakes anymore.

This is the most critical part, even for already knowledgeable people in crypto, especially for newbies.

We all know that in most cases, most crypto-investors just want to ride the hype and go with the flow. In the end, they ended up wrecked because of their inability of doing good research. It's understandable that it's not a simple thing to do but doing hard research before putting any money should always be considered.

It's not advisable to just go with the hype as even if projects will come up in a professional way, that's not an assurance that success will happen later on. That's why it's always a good practice that every newbie should always start at "only bitcoin" as their first crypto of choice.

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As said the amount isn't specific, when we need to know well about trading we need to feel the difference in the value we hold based on the price movements happened. For this atleast 0.003 BTC is required according to my choice. This means we'll be able to experience the change in a better way. Something like the price of bitcoin changing from $30k to $29k will give a $3 difference on our holding value. This gives clear picture on how to involve into trading and make money as well as lets us know how to avoid losses.

For a lack of knowledge while studying basic fundamentals about Bitcoin this is advisable.
DCA encourages disciplined investing and helps to reduce emotional decision-making.  It removes the pressure of trying to time the market and eliminates the fear of missing out (FOMO) on potential gains and those investors who engage in DCA are less likely to make impulsive decisions based on short-term price movements.

There are too many things that you must learn before investing in crypto, I suggest educating first yourself before putting your money on crypto.
To all newcomers, studying and learning first is a must.

It won't be nice  to invest in what you don't have ideas about and that is what is killing most of the investors,  I noticed something about Elon and his projects are built  on information starting from space x and tesla, were built  from the information he add if not for that it will be very difficult for him to succeed. Bitcoin functions best when information is added to it otherwise, learning the hard way is not far away. And the best risk management advice anyone can give is to start investing with little sums so that you don't end up losing your money. That is where investing in bitcoin carries the danger that you could lose your money. Always begin with modest funds.

I would say there is no specific amount that you can start with but it you are new and want to have practical exposure with gaining experience then start with small amounts but if you are into long term holding then simply go with bitcoin with whatever amount you lik but if you have in mind intra day trade then small amounts are fine.You can also have demo account setup so you can have little bit idea about how market reacts and you have some experience before coming into real action.

Welcome to Our cryptocurrency world.. As a beginner at first you need gather knowledge about cryptocurrency market and about buy sell and how to sell etc. Without proper knowledge anyone shouldn’t invest. Because without proper knowledge investors will loss his valuable fund. So Learn more to invest on this market. As a beginner you should invest small amount at first. If you do mistake then you will not big losser. You can creat a demo account tor trials after then you can start small amount then slowly you can increase your funf..

Learning is very important but from videos and articles because in our country there is not such seminars take place according to cryptocurrency may be the reason is that all individuals don't know about it or may be one does not want to utilize his money in arrangements of such seminars.

But it will be very advantageous for all investors because there something in life which we don't know before but get it after communication with others which means that one's knowledge never gets completed.

Well, everyone's dream is to experience the bull run despite a beginner or a veteran investor. In fact, that is indeed, the dream of investing in BTC- by experiencing gains that are far more superior compared to any other investment mechanism present in the market.

Personally as a newbie, you should only invest the amount you are willing to lose. By investing, you should have considered the risks associated with it. Regardless of whether you earn or lose your money, the fact that you have experienced this venture adds to your whole investment knowledge as a beginner.

Talking about Altcoins that beginners will invest in, the top Altcoins seem to be better if alternatives to Bitcoin can be used.
Altcoins that will give a lot of losses are usually new altcoins and have not seen development, because new altcoins are FOMO because of some hype that is done.

Altcoins like ETH are no doubt, because they are always side by side with Bitcoin, always following the price of Bitcoin and even ETH also reached its latest ATH.

It takes a strong hand, a strong mentality, and a strong belief that long-term holding of Bitcoin and top Altcoins will provide more profits.

Continued buying will gradually multiply assets and further increase profits. That will grow the best profits.
Do not have to force it, as beginners just use the money they have for investment and do it regularly, it will be a good opportunity.

That's right and the amount you should invest really depends on your personal financial situation, risk tolerance and your own investment goals. However, a general rule that you should apply so you have no regrets is to only invest what you can afford to lose, as the cryptocurrency market can be very volatile which can lead to sudden big profits and big losses.
Do it to the best of your ability once you've prioritized your essential needs. If you do it periodically when you have extra cash to accumulate, and in the long term you will definitely get a good return if you have the patience and firm belief to wait for the right time to sell it.

How much you should invest in cryptocurrency as a beginner  depends on your financial status. If your financial condition is good then you will have one type of amount and if your financial condition is bad then it will be another type. Because according to the financial status of a person, his ability to take losses depends.  But one piece of advice I would give to the op is that everyone be it a beginner or a professional should invest in cryptocurrencies as per his/her ability because crypto is profitable without efforts but on the other hand it is high risk. So just as a person can profit a large amount quickly from here, he can also lose a very large amount quickly.

A beginner should usually be exposed to the benefits first to get them motivated. Now I see a lot of newbies getting into crypto because of FOMO and they get stuck in scam coins or worthless meme coins later on.
It is clear that bitcoin is the recommendation that I always say. If we can hold it firmly then believe that it will bring us profit. The strategy used will also vary, but what I do is with the DCA strategy.
The problem I often hear is that those from beginners sometimes say they don't have that much money to buy bitcoin, they think buying bitcoin should be according to the current price (buying 1 coin right away), but that's not true at all.

When I saw the title of the thread, at first I thought the Op was asking about how much he (op) can invest in crypto because of the use of “how much” in the title but opening the thread I realise it was more of “what to consider “ and not how much.


To me, the amount that a beginner should use depends mainly on their source of income. Because if you think of it, using or starting an investment with $50 for someone that earns $80 is not fixable and aside the income their monthly expenses should also be considered. After all one should invest what he or she can afford to lose so if a beginner decides to DCA $50 on a monthly basis when his income his around $80 dollars with time he’ll find himself need that money that he has invested and since we’re dealing with crypto you never can tell what the current price might be at that time.

And again, for beginners I’ll advise that they should focus more on bitcoin. Dealing with altcoin as a newbie with no experience is more like gambling with a very high probability of you falling for a scam project. So they should buy more bitcoin and if at all they want to diversify their portfolio then they can do so just little amount of altcoin and when they become better at analysing a project then heheh can start increasing their altcoin allocation.

you mentioned some good points here dear op. All newbies or experts both should follow these points. But I want to point something out here is: If you want to invest in cryptocurrency then you have to understand or distinguish which type of investing you should do. Whether it's Holding or Trading. Because both have different strategies and different outcomes too. In fact in both types, you have to choose only one or diversify your portfolio for better gain. For a newbie, I suggest they should start their trading sessions in BTC only because BTC is less risky and less volatile and provide the best outcomes compared to alts.

But still, according to your name I think you prefer to trade in alts or I should say you want to diversify your portfolio for best outcomes but let me tell you something what I you do know this token or coin will never bankrupt of run away with all of user's money then why risking your assets in the names of diversify to invest on different ALTs which could go bankrupt.

This is a good plan actually. Here the risk intake is also less and perfect for the beginners. If you are a beginner your first motive should be to not make losses, rather than making profits. If you master the art of minimising the risk, then automatically in the later part of time you will make profit. But as a newbie your sole motive should be to learn and see how market fluctuates. Holding Bitcoins with some good amount of money can be the best thing.