Mate I'm going to go straight in with 500 pounds. Like you say I will just sit on it years if I have to until it gets increase in value.
I hope selling is easy hha
Topic: Investment amount - page 26. (Read 3711 times)
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
As a newbie it is a better thing for you to get started with the investment of small amount like 20-50$ because it is a big factor for us to understand the terms and terminology .Would 300 be a more realistic start
And as everyone knows that in the starting here everyone faced much problem to understand .
So if you want get started with the small investment , then it is a good thing for you because if you will get loss in trading then still you will get lesson that why you got loss and how you can lower the risk of investment in that particular coin and also what you can do again to make profit more and how much patience we needed to make profit in this field .
Here my perfect advice for you is that you should always have patience , i means after buy if the coin don't sell until you make profit .
Since profit and loss are part of the trading but if you have patience to wait that how much time it will take to increase the price then you will surely make profit .
What percentage of your weekly wage or net worth are you willing to kiss goodbye? That's the only metric that counts really. I started off with a couple of hundred quid and then went from there.
Are you looking for long term gains or do you want to get out rapidly with some profit?
Understanding on what he mean on here which most likely he do aim for shorter time profits.Even though he didnt mention about that what kind of investment but im sure hes pertaining on doing trading because this is the only thing on my mind when it comes on 10x profits on that one.As you said we should not really rushed up into things instead of thinking of profits better to think twice on the amount that you are willing to lose on this kind of field.Profits arent guaranteed but somehow possible if we do know on what we are doing. Are you looking for long term gains or do you want to get out rapidly with some profit?
Even if it was $50 that would be okay, the amount doesn't matter, it's actually better if you are new to investing because this way you'll learn about the market and how the entire thing works
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Start an amount that you can afford to lose. Investing your money is not always guaranteed that you will gain profit from it. And the most important thing to do is to know where to invest your money and know how it will work. If it is too good to be true, then definitely that's not true. If you want to trade, learn and know all the strategies used. Just be vigilant and smart in everything you do. Would 300 be a more realistic start
Small amount going to make small profit, but if that is the amount you can afford to lose then go for it, the bigger is better for investment and there no limit for investing, it is just the amount you willing to spend to look for profit, the first time I invest is only $20, not much profit but I managed to learn few things about investment
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Would 300 be a more realistic start
Do you want to rich or do you just want to have fun? Both 50 and 300 pounds are on the small side. If you want to be serious, you should start at least with 5000 pounds. That is a lot of money for a beginner, but for the long time investors who go to this forum, its an ordinary amount to day trade into altcoins.
A quick way to get that amount of money is to borrow it but you have to explain what the lender is getting into.
Either to be honest. I just don't want to put in 100 a month to wake up 1 morning to find rates have massively dropped
If that's going to cause you sadness then you shouldn't put a penny in. It could happen at any moment. People who put money in at the end of 2013 had to wait over three years to break even. There's a lot of risk however you want to look at it. Everyone here's taking it and that's why the rewards are potentially very high or non existent.
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Would 300 be a more realistic start
You really need to base you investment amount on what you can afford to set aside. Remember that Bitcoin and other cryptocurrencies are high risk investments. You should only invest disposable funds.
You also should be willing to hold that money in that investment for a long period of time in order to ensure that it pays off. I also recommend that you diversify your investment to lower risk as much as possible.
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
In investing you must know how much you can afford for ( like your spare money ) , but £300 is a good start Would 300 be a more realistic start
It's up to you. Calculate how much money you earn and how much of them are you willing to give away.
Whatever you do, don't be worried about it, because you ain't making a bad move.
Whatever you do, don't be worried about it, because you ain't making a bad move.
25% of your personal assets, for sure
That's an exceedingly silly suggestion indeed. No one should start off at that level, or ever reach that level of investment. I think people are getting a little too comfortable with the seemingly inevitable rise of crypto. Nothing's that easy and at some point it's going to remind us of that in a rather alarming manner.
Maybe with such an investment would have a high risk if we do not have experience and knowledge about the investment, and of course it must be considered to anticipate the losses that will be caused from the investment.
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Is it investment only in a coin or total our starting investment? I would go $50 as starting amount investment in a coin, lower than that i believe you won't get big profit. If you meant how much total our investment to start a investment, i would go like $1000, so in a coin you only put 5% from your total investment Would 300 be a more realistic start
25% of your personal assets, for sure
That's an exceedingly silly suggestion indeed. No one should start off at that level, or ever reach that level of investment. I think people are getting a little too comfortable with the seemingly inevitable rise of crypto. Nothing's that easy and at some point it's going to remind us of that in a rather alarming manner.
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Would 300 be a more realistic start
25% of your personal assets, for sure
300 sounds good stored in blockchain online wallet.
I'm going for it.
I'm going for it.
There was a topic of this guy who started out with $10k and showed his investments in coins as percentages and we'd see where it would come in the end. Last I checked, it was around $90k... So apparently that guy made the right choices. Now similarly, you could also make your $50 become $450... But would that really make you happy? If you think about it, you multiplied your money by 9... but if you think about it over, you just have 450bucks... You could earn a hell lot more if you invested more. But you also could lose that much more. So as the first guy who replied asks; what are you willing to kiss goodbye?
If your just want ty try yourself in cryptoinvestment then the amount doesen't really matter. For the first time you can take even 20$ and start traiding. When you will make for example extra 70% of your first deposit you can add more serious amounts of your money. It seems tobe the safest way.
I will go for 50 just for fun. If I loose it then so be it.
1)As first amount I would recommend you 50$, or pounds/euros. Because you must become acquainted to stock, market, wallets, community and stuff like that. After that you can invest more if you still want and follow next step.
2)Research
The diversification is very important. As someone said before you must firstly decide and pick the type of coins you want to invest in.
Take notice for things like:
-time, how long you can freeze your assets
-how many $ you want make
-how much you can risk
(it is connected to kind of coins)
-rapid or long term porfit
Think that informations out, because in my opinion the most important things in your to do list.
2)Research
The diversification is very important. As someone said before you must firstly decide and pick the type of coins you want to invest in.
Take notice for things like:
-time, how long you can freeze your assets
-how many $ you want make
-how much you can risk
(it is connected to kind of coins)
-rapid or long term porfit
Think that informations out, because in my opinion the most important things in your to do list.
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