Topic: How much should I invest in cryptocurrency as a beginner - page 3. (Read 283 times)

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.

Your post didn't represent your topic. Your post is on investment guide or advise so I will add that it is very important for an investor to have a full knowledge of the project to invest on. Don't rush for project that is new in the market. Those that are new have not tasted the heat in the market and may not survive if they are not good project. That means if they don't survive, you have lost your money. You also have to take note of how much you want to risk in investment, your risk appetite should not be of greed but of reasonable possibilities of return on your investment. Invest moderately and gradually build your confidence.

There are times that debt/loan is good when you put it on an investment because you will have access on extra capital that will give you more profit. This is only advisable if the potential income is greater than the interest rate to cover the debt and eaen at the same time.

On crypto investments, debts is indeed crucial and subjective due to the volatility of the market. It’s a high risk high reward since you can pay your debt and get huge profit if you invest on the right time and right coin such as Bitcoin.

A one time bull run can give you sufficient profit to cover interests rate and even the loan amount itself.

This is where we're telling that people should only invest what they afford to lose. Because when someone's too hype, they're forgetting things like those savings that they've got that are allocated for other things and the debts that they have to pay first before investing.
Other thinks that it's okay to have a debt while they're invested. They don't realize that they're just getting something from their investments which they're also going to pay to their debts.

From the title of the thread,  I thought this was about asking for ways to invest your money in cryptocurrency as advice to ops,  not knowing this was going to be beginner cryptocurrency investment advice.

Anyways this is cool,  and primary investment principles,  but more also when you talking about investment,  after the theoretical framework for your investment you also need technical analysis of the market most especially in altcoin,  technicality like when the right liquidity to consider as an investment tool most especially in unready listed coins on the exchange.

But if you are not good at reading chart histories of the various projects due to high volatility in altcoins,  I suggest you stick to less volatile and less risky assets like bitcoin to minimize your risk of losing.

You could invest $100 dollar with a consistent DCA or HODLING plan for a 5year duration while you gather and increase your knowledge on BTC trading or other crypto currency investment that could yield profit.
You do not need to have millions before you can invest. Just like what savings is to a regular fiat bank, that's what HODLing is to BTC investment.

A beginner I think should first experience the bull run and then take profit so he could make better decisions after the bear market. It's not a matter of how much or whether he should diversify but see for himself which projects are going to last or he should just be onboard with BTC only.

One should have BTC before thinking about adding altcoins but most importantly, when to buy and when to sell. There isn't much of a risk when you get onboard during the bull run.

If you are investing in bitcoin, it is better than altcoins and you will not spread out your risks because bitcoin is less risky than altcoins because it is less volatile but it can give good return if you are patient.

You can use low amount of your money to gamble with altcoins becuase they might disappoint you.

I find this question as most frequently asked question from newbies in the Cryptocurrency space. So I thought I should share few tips that can guide the decision making.

There are a few lessons that could help you decide these easier.
1. Educate yourself: Learn about the cryptocurrency market. Read articles, watch videos, and attend seminars to understand the basics of investing.

2. Set investment goals: Determine your investment goals. Ask yourself why you are investing and what you hope to achieve from your investment.

3. Evaluate your financial situation: Evaluate your current financial situation, including your income, expenses, debts, and savings. Determine how much you can invest without affecting your other financial obligations.

4. Understand the risks: Understand that every investment comes with risks. It is crucial to know the risks involved with cryptocurrency before investing.

5. Research the company or cryptocurrency: Conduct thorough research on the cryptocurrency you want to invest in. Look at the chart history, team, use case and future plan.

6. Diversify your portfolio: Diversify your investments to spread out the risks. Spread your money across multiple cryptocurrencies, rather than investing in just one.
7. Start small: Start with a small investment and grow your investment over time. Do not invest all your money at once.

8. Be patient: Investing in cryptocurrency can be a long-term process. Be patient, and do not panic if the value of your investment fluctuates.

9. Monitor regularly: Monitoring your investment regularly will help you make informed decisions and adjust your investment strategy when necessary.

Feel free to add some advice and if possible experiences.