Investment advice for my $100 savings - page 2.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: globalcitizen on August 05, 2017, 05:29:05 PM

I am new in the crypto economy. I have a $100 I want to start investment with. I am considering just buying few fraction of Bitcoin with it. But someone advises me to consider Altcoins. I'm a little lost and will appreciate any candid advice from more experience crypto players. Please, advice me on where to put it for profit maximization in the short term. Thank you.

If you are new to crypto then stay away from altcoins trading. You don't know how the markets work in it. Risky and the chance of you losing because of your in experience is very high. If I were you I will just go all in in bitcoin and forgot all about it in about a year. That is a long term investment and its very safe. And once you mature enough and have knowledge about the the complicated world of trading then you can probably withdraw a portion of your bitcoin earnings and go into it. IMHO.

VenceyBit

full member

Activity: 128

Merit: 100

Quote from: globalcitizen on August 05, 2017, 05:29:05 PM

I am new in the crypto economy. I have a $100 I want to start investment with. I am considering just buying few fraction of Bitcoin with it. But someone advises me to consider Altcoins. I'm a little lost and will appreciate any candid advice from more experience crypto players. Please, advice me on where to put it for profit maximization in the short term. Thank you.

If you want it for short term it would be good to invest in alts. But short trading is very risky and you should be very careful with your call trades. Just don't go all in in one alt. Do your own research or ask some people you know who is trusted which coin can give you good profit. Trading cryptocurrencies are profitable yet risky for newbies.

ufaiz50

hero member

Activity: 1666

Merit: 502

Quote from: globalcitizen on August 05, 2017, 05:29:05 PM

I am new in the crypto economy. I have a $100 I want to start investment with. I am considering just buying few fraction of Bitcoin with it. But someone advises me to consider Altcoins. I'm a little lost and will appreciate any candid advice from more experience crypto players. Please, advice me on where to put it for profit maximization in the short term. Thank you.

with very high bitcoin price if to buy bitcoin with $100 you will only get a bit bitcoin it would be better to buy altcoin to get short term profit. I think the investment is aimed at making a profit in the long term or maybe you can invest into ico project for short term investment.

TheGodFather

hero member

Activity: 854

Merit: 500

Quote from: globalcitizen on August 05, 2017, 05:29:05 PM

I am new in the crypto economy. I have a $100 I want to start investment with. I am considering just buying few fraction of Bitcoin with it. But someone advises me to consider Altcoins. I'm a little lost and will appreciate any candid advice from more experience crypto players. Please, advice me on where to put it for profit maximization in the short term. Thank you.

Try to invest it in trading. Buy some cheap coins then do a day trading or short term trading. Be carefull price might change frequently you have to monitor it everytime because once youre not you will skip the oppurtunity. Thats the thing that i know and i thought that make your money have profit.

eckmar

legendary

Activity: 1878

Merit: 1038

Telegram: https://t.me/eckmar

Everyone will say just buy BTC, then wait. You'r probably not in for that. What should you do in my opinion is this. Create offline wallet, get that address and put it away (put private key on usb and give it to parents or someone you can trust) but save public address. Put 50$ on that address now and use other 50$ to trade some altcoins on exchange. With profit from trading, deposit let's say 40% of profit on that offline wallet. Trade with rest. Repeat.

Why do that thing with offline wallet you may ask ?
Well you mentioned that you are new. When buying BTC you are looking in long term profit, that means months-years. If you see price drop let's say 30% you'll get scared and started selling. That's first thing newbs do. By not holding private key to your savings wallet that is not an option, and in a let's say 6 months from now, you'll see profit

Rozita

full member

Activity: 658

Merit: 108

Quote from: chixka000 on August 05, 2017, 05:47:13 PM

I cannot guarantee you that for now buying bitcoin is a very good idea. Why not start with free coins first? since you are still new to this industry. Why you should have to start as a free user? Simple because you still need to learn a lot of things and eventually a free user is the best thing to undergo in learning the process.

Buying Bitcoin always is a good idea. In long term the price will increase very much.
It's a good idea to start to earn Bitcoin. But first invest the money you have in Bitcoin. You will not regret. Even the price decrease in a short time, Be sure that in long term, All bitcoin holders are winner.

Beerwizzard

full member

Activity: 924

Merit: 148

If i is not a significant amount for you then you can read some threads from spculation section load like up to 30$ to a good exchange and start trading in shamm amount. Once you make a good result then add the rest of the money and start trading (or investing it to ico or forks).

nkmt

full member

Activity: 142

Merit: 100

Are you okay to lose all of it? If so, buy altcoins.

chixka000

hero member

Activity: 910

Merit: 500

I cannot guarantee you that for now buying bitcoin is a very good idea. Why not start with free coins first? since you are still new to this industry. Why you should have to start as a free user? Simple because you still need to learn a lot of things and eventually a free user is the best thing to undergo in learning the process.

ivrynx

full member

Activity: 518

Merit: 103

Since it is a savings fund, i would reconsider going into investments, since you are starting in investments, please read financial books regarding investments, you should also know your risk appetite, if you are willing to give all your savings to cryptocurrencies, be ready of ita high gains,and also high depreciation, but be sure to save on rainy days reconsider to just invest a percentage of your savings funds, so that you will still have money in case of emergeny, but in regards tp what cpin you should invest on, still bitcoin will.be a great invesment for cryptocurrencies.

globalcitizen

full member

Activity: 476

Merit: 104

Decentralized global citizen and crypto-preneur

I am new in the crypto economy. I have a $100 I want to start investment with. I am considering just buying few fraction of Bitcoin with it. But someone advises me to consider Altcoins. I'm a little lost and will appreciate any candid advice from more experience crypto players. Please, advice me on where to put it for profit maximization in the short term. Thank you.

Topic: Investment advice for my $100 savings - page 2. (Read 1105 times)