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Topic: I only have 200$ per month ! - page 22. (Read 7477 times)

sr. member
Activity: 2422
Merit: 357
November 23, 2017, 09:22:21 PM
#42
Yes you should. Thats a good amount of investment tho. Just be brave enough to lose that money. As a beginner you will encounter a lot of circumstances and just be sure you will not discourage about it.
sr. member
Activity: 322
Merit: 250
November 23, 2017, 02:22:51 PM
#41
I think 200$ is not enough to invest in anything except some HYIP systems. IMO I think you should spend a little bit more then when your amount of money growth bigger you can spend it to invest in BTC or any other altcoins you like or maybe ICO project. But if you still wanna invest in cryptocurrency right at the moment I think you shouldn't choose Bitcoin cause it's not worth, Bitcoin price is really high at the moment so with 200$ you only can earn a little bit from Bitcoin so I think you should invest in some other altcoins with lower price, at the moment ETH is a good choice for your 200$, ETH also has very good potential or maybe better than Bitcoin, from the early of this year to now, ETH price has increased more than 4000% so I think it's better for you than investing in Bitcoin.
legendary
Activity: 1008
Merit: 1010
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November 23, 2017, 01:29:35 PM
#40
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

You should invest your $200 in bitcoin, it will be a good investment for you, and in future definitely bitcoin give you 100% profit in your only $200. I can understand as you said you do hard work to earn only $200, In started when i got $100 and i bought bitcoin then i was very nervous because of lose, but later on i realized bitcoin is best and profitable way for investment.

Yeah it probably will give him 100% profit - but in what time? For bitcoin to go from 8000$ to 16000$ it might take years, i am sure that if he doesn't have much money, 200$ is a lot for him, means that he would want profit asap.

It is still worth to invest if you can survive without this money. Just buy and wait for few weeks and see what happens with them. If you will need the money you can just sell them.
hero member
Activity: 2814
Merit: 618
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November 23, 2017, 10:56:58 AM
#39
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

You should invest your $200 in bitcoin, it will be a good investment for you, and in future definitely bitcoin give you 100% profit in your only $200. I can understand as you said you do hard work to earn only $200, In started when i got $100 and i bought bitcoin then i was very nervous because of lose, but later on i realized bitcoin is best and profitable way for investment.
sr. member
Activity: 686
Merit: 264
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November 23, 2017, 07:47:05 AM
#38
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

If you are willing to lose that 200$ is investment then I think its a go. However, there are risk involved so please take note of that. But you also need to understand that there is what we called, good entry point, that is when the price of bitcoin is down, that the perfect opportunity get and buy them and not get them while the price is high. At least you can maximize your profit because you are getting them at a discounted price.

Another point is that bitcoin is really for long term hodl, so if you are willing to buy it and then next month will just sell it off then don't invest. Your 200$ can multiple many times if you are going to hold for like 6 months to a year. Are you willing to do that as well?

As you said bitcoin investment will give good profit when it is long term so if your are willing for long term investment then invest on bitcoins.Or altcoin are better option if you want huge return in short time so choose the correct altcoin if you pick the wrong one then your investment will fade away with the time.So it is always better to invest on bitcoin.
hero member
Activity: 2842
Merit: 772
November 23, 2017, 07:26:10 AM
#37
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

If you are willing to lose that 200$ is investment then I think its a go. However, there are risk involved so please take note of that. But you also need to understand that there is what we called, good entry point, that is when the price of bitcoin is down, that the perfect opportunity get and buy them and not get them while the price is high. At least you can maximize your profit because you are getting them at a discounted price.

Another point is that bitcoin is really for long term hodl, so if you are willing to buy it and then next month will just sell it off then don't invest. Your 200$ can multiple many times if you are going to hold for like 6 months to a year. Are you willing to do that as well?
newbie
Activity: 10
Merit: 0
November 23, 2017, 06:41:14 AM
#36
try to invest your money here, it's has a big chance for profit but you need to take the risk because if your investing are not going well then your money will lose so do trade your money that you can afford to lose and to avoid losing you need to study trading and read some ideas here in forum,try to read some topics in trading discussion there's a lot of ideas that you can try like what coins your going to buy then sell
hero member
Activity: 826
Merit: 518
November 23, 2017, 06:26:25 AM
#35
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

No doubt just buy bitcoins for that $ 200 maybe in five years your investment will grow upto 100 times.But anything can happen in bitcoin so invest your extra savings into bitcoin.But currently bitcoin price keeps increasing everyday so investing on bitcoin will give good profit for you.
sr. member
Activity: 2604
Merit: 338
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November 23, 2017, 03:46:30 AM
#34
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed
You are still lucky that you do have still money left inspite on paying up lots of things like bills,obligations and other stuffs. Since you do only have $200 left then i would suggest that you should only invest on the amount that you can afford to lose up since investing on bitcoin isnt an assurance that it will make you rich someday.Anything have its own risk and you should really be aware on that one.If im in your situation i would invest 50% on bitcoin and the other 50% would be put in my savings and it always advisable to have savings in fiat.Dont go all in.
full member
Activity: 448
Merit: 109
November 23, 2017, 03:30:50 AM
#33
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

Well you need to understand that this is a bit of a gamble. But although things are positive for bitcoin (at least from my side of view) you should try to invest in it. But take into consideration to learn a bit more about investing in general and undestanding how it works a bit more.

If you buy DON'T SELL FOR LOWER THAN YOU HAVE BOUGHT COINS FOR I personally see many people do this when they feel FOMO that it is going down and that it will crush, but for now btc always recovered.

You might want to take into consideration some altcoin (do note that many altcoins are like gamble and exchanges are like casinos for real, as many of them don't have real use but are just made in hope of making somebody rich). This being said is that it is higher risk rate but thats why they could be more profitable : for instance for bitcoin to double your investment it needs to be like around 16k$ if you bought today at 8k , take a look for some altcoin for instance that is worth like 0.01$ (more/less) it is "easier" for low priced coin to climb till like 0.02$ or even more for you to double your money but if it goes down it can easily fall. Thats why investing into alts requires a lot of homework to do and you never can be sure.
hero member
Activity: 1134
Merit: 517
November 23, 2017, 03:22:51 AM
#32
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

I think the title is not really clear, but I understand better now, so each month you have around of 200$ to spare each month, if you have anything important to do, you can invest in Bitcoin and trading some I'd say go for it, but keep in my mind that the money you invest can be lost this is the important rule if you think that the 200$ is better used somewhere else then don't, and always try to minimize you risks by trying things out small before going big.

If electricity is cheap or free where you live trying out experimenting with mining, of course unless your investement is in the 2K+ the return won't be worth, but the hardware you get can be resold, for example for 200€ you can get a second RX 470 which is good for 3$ a day or so if each month you add a new card you can scale pretty nicely, but this takes time and is under the usumption your electricity is free
Yes the explanation is rather ambiguous, it could mean:
1. op earns $200 every month but expenses eats them up, now he's worried and wants to start investing
2. op does not have regular income, but struggled to get $200, which he's thinking to invest amidst lots of bills.  

First and foremost, the idea to start investing is a good one and interestingly, with cryptocurrency, one doesn't need so much to get started.

If op earns $200 every month, meaning he's likely to be residing in a third world country and in any such place, $200 is a lot of money. Op must have been wasting his money on frivolities and investing even a million dollars won't get things right for him, until he gets it right in his head!

If the situation is such that op just managed to raise $200 and prefers to invest same than spend it, that makes him wise! However a conducive environment is necessary for the investment to thrive, so investing the entire $200 would defeat the purpose, instead $100 should be invested in BITCOIN and the other used to take care of his vital needs! Then work harder to raise more and repeat till the size of his investment starts to bring and leave smiles on his face.
member
Activity: 98
Merit: 10
November 23, 2017, 02:29:36 AM
#31
It is better to invest such a small amount in shitcoin for a long time (a year - three)
Thanks you. I'll find out about it.
Why don't you go the long-term with trusted altcoin ? like etherum or litecoin?
full member
Activity: 728
Merit: 106
November 23, 2017, 02:27:35 AM
#30
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

Go for it but don't go all in invest in bitcoin. It's better to invest on some places not only in bitcoin. For an example like, invest $100 in bitcoin and $100 in altcoins that you think have a good price in the future. It's depend on you though, if you're completely trust bitcoin just go all in then.
legendary
Activity: 938
Merit: 1001
November 23, 2017, 02:11:27 AM
#29
It is already too late for new investors.
 Bitcoin is $8200 right now,  if you now invest your $200 in bitcoin, you might not expect $400 until bitcoin doesn't reach $16400.
It is better for low budget holders to find a good Ico and buy some tokens earlier.
newbie
Activity: 42
Merit: 0
November 22, 2017, 11:54:18 PM
#28
It is better to invest such a small amount in shitcoin for a long time (a year - three)
Thanks you. I'll find out about it.
member
Activity: 98
Merit: 10
November 22, 2017, 11:40:28 PM
#27
I have somewhat same money to invest, my plan is to go on trading alt coins but i have trouble on which coin. could you help me?
Bitcoin Cash, Ehtereum, Litecoin, Ripple, Dash. give me your thought please.
hero member
Activity: 2604
Merit: 816
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November 22, 2017, 11:28:34 PM
#26
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

I think you should invest your money in bitcoin and if you have free $200 then I think you can use $100-$150 to invest in bitcoin and you can keep $50 for another thing just in case you are in urgent situations. you can keep buying bitcoin for every month no matter how much the price is and you can try to sell the bitcoin if you think that you can make profit. if you can do this for at least six month and not doing anything beside just saving in your wallet, then you can see what will happen in seven month after you bought bitcoin.
member
Activity: 153
Merit: 10
November 22, 2017, 10:42:19 PM
#25
After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

If your income after have pay quite a lot of things is $200 i think you should only invest in bitcoin $100 and $100 remain you should saving. This will make your life better if your investment is failed. Good luck with your investment.
member
Activity: 130
Merit: 10
November 22, 2017, 10:39:38 PM
#24
200$ per month isn't a bad salary . In a 3rd country, it's a huge salary so if you can efford to lose it, you can spend it into investing to make it become the huge money, but if you can't efford to lose it, just keep it to pay for your daily needs.
hero member
Activity: 3010
Merit: 629
November 22, 2017, 10:37:13 PM
#23
Better invest only the amount that you can afford to lose if thats all you have i think its not wise to invest it all. But still it depends on you on how much you trust btc to risk your money.

Btc can give you good profit and its proven by many users however every investment has risk, i suggest to consider diversifying because there is no certain profit you can have by investing.
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