Topic: Minimum $$$ amount for trading? - page 4. (Read 2670 times)

You can start with small, don't put anything which you can't afford to loss if you are new to trading.

This is one of the easiest way of trading and known as passive trading, if you are patience enough than you can make good profit with this. But you should be careful about the coins where you are investing, don't buy at peak price and don't buy any shitcoins that don't have much trading volume.

Personally I prefer going long with most of the alts and I am investing regularly on new promising ICOs.

There is no minimum amount in trading. It depends upon what you can afford. Less investment will bring less profit and vice versa. But let me clear you in starting most of he time you would make loss. Cryptocurrency trading isn't that easy. What I do is I diversify my investment and bet one part on some top altcoins, second part on some low volume but known currency and third part on ICO which posses some potential. Even if I encounter loss in one, most of the time I make overall profit. Never fall for pump and dump groups.

If you are newbie in trading i think its better if you start trade with $100 and i think its enough and after you learned a lot of infomation and knowledge add more funds to earn more profit.

So true and good advice to a newbie. If anyone told me to be carefull about that when i got in I'd be stil with alot of btc instead of a lot of (almost a million) Ldoge. So do not fall into that trap. I think the "pump & dump sessions" are (highly probable) being done by the workers of the exchanges; that only think to grap more btc from the users of the exchanges.

there are no minimum amount for start trading because every trader will have different amount. the best thing that you can do is you set your own minimum money and you think its enough to start. for trading, you can trying many ways like buy lower and sell higher, buy and hold for a while for example for 2 or 3 days, or others. i think you need to try by yourself so you can found what will work for you.

I'm doing trade on btc-e, I always do BTC0.01 btc per trade with condition I will sell when the price up/down 20 point after I buy it.
But I keep bitcoin for long-term too.

i tell you don't start huge amount first you start with smalll amount. regularly trade create good knowledge for trading. so first you create knowledge then invest huge amount.

small amount should do. .04-.1 bitcoin is good for you to learn first. serve a tuition fee into trading. superheroes are made you should take time to learn and practice trading before you succeed. i myself is learning too. and i just heard that from my teacher. learn to walk before running. that's the basic he said. kudos mate!

with lower fund, you can think its better to increase the risk to gain more but you have to play safe even with the 0.001, because when you win big with high risk(compared to the crypto space) it becomes and addiction to risk and it always lead to catastrophe.

To buy and hold (store), you may start with even $10 but the big requirement for decent profits, how long will be able to hold without getting tempted to sell and enjoy the profits ?

If you are planning long term holding with bitcoins then I suggest you to start with $100 to $500 and duration of holding must be at least 10 years. This way you may become millionaire too as there are speculations about bitcoin prices to reach multi millions and even billion dollar levels too.

Thanks for that comment and yes altcoins  are best to trade with as they're cost-effective for new traders and are also increasing in price very fast.

That's great as real experience is great to learn. You really did a great job wow you did your best I would like to hear from you more.

Very valuable suggestion. I also believe in holding rather than losing or doing stop loss stuff. I am a guy who thinks but at low and wait until it rises so I can make some good $$.. I can even wait for months as I believe patience is very important in trading and control over ones emotions is key to winning at this game.
Thank you so much for that great comment of yours.

You can use any amount for trading. for little amount you can choose Altcoin.

At first choose a good exchange community then start trading.

I can't say that its easy to make double money with trading altcoins, but its easier to do that with altcoins then with bitcoin I think. Altcoins are rising very fast, and its possible to start with 10$ I think, with a little luck with choosing right altcoins you can multiply your money in couple days, or more.
Prices are going up and down all the time, I didn't have luck with day trading and now I'm just buying some alts and hold them for a longer time, but 10$ is not enough for this kind of investments, I buy every few days some little amounts of altcoins, 3$ now in one altcoin, after few days 5$ from some other and I'm making a stash. I wait price to multiply much more then just 2 or 3 times, and a I'm aware that maybe I will need to wait years to see some real progress.
Some other people already mentioned the difference between day and long term trading, think about it and try what you think its easier for you.

I think i can help you with that because i started trading two weeks back. I started trading with 0.0077 btc because that was all i had left apart from investment in a program. I think its best to start trading with . You can start with 0.01 not more than that because you are yet to learn alot of things.
I ll tell you the mistakes i did which you should not do. First choose a good trading exchange. I would recommend you Bittrex. The the first mistake i didis repeated changing of exchanges. I changed around 2-3 websites and each one costed me 0.001 withdrawal fee. So i was already down 0.003 btc.
Then the second mistake was to take part in pump n dump . Dont ever take part in pump n dump unless you know what actually you are doing. Newbies should never go through pump n dump you will endup in a loss .Here i made the third and last mistake that is to trade in loss. Never sell your coins for a loss. From 0.0077 btc i came to 0.0005 btc. Now i hold the coins until i get a profit from it. In past two weeks i went down from 0.0077 btc to 0.0005btc and now i am in profits i.e,. i have come to 0.008 btc .
Last advice is never trade all your btc in a single coin. Buy different coins.

Very few get the chance of making a big profit with trading. Each trading website has got its own limit in the trading capital investment. Right now holding bitcoin is the one that make a better profit as the exchange services are good and legitimate.

This will all depend upon:
1. How much money you got to invest?
2. How much risk you are willing to take?
3. How good are you at analysis?
4. Are you interested at day, short term(ranges between days and months) or long term( ranges from months to years)trading?

Cryptocurrency market is quite unpredictable and is very volatile. Leaving some top currencies (which might get affected by various news), most of the currencies are hard to predict. Many are dead and shit coins mostly driven by pump and dumps.

What I want to suggest you that, if you are new to trading. Start with amount you can happily lose because probability of you losing in your first trade is quite high. Try to understand charts and analyze news and their effect on various cryptocurrencies. Study the peaks and troughs in charts and how they work. Diversify your portfolio with 60% top 10 currencies( best for long term and sometimes for short term trading) and 40% with other currencies with low but considerable volume(stay in top 50). They are best for day and short term trading. You can bet for new coins as well if their ICO is appealing and have some big names backing it. Never fall for pump and dump groups at least for the start. They might seem appealing. But as a newbie you will lose for sure. With time according to your stats increase the trading amount gradually.

Sinee you are a newbie in tradding platform So trade with carefull.I think trying to trade yoi just need 0.01 btc is enough.And i think long term is better than daily trading. buy coin at low price and wait until reach your terget price.but for target a coin price you need to research about the coin which you will buy.So i suggest juat start to try trade with small amount like 0.01 btc or $20- $25. Best of luck

There is no minimum amount in trading. We can use whatever we have. If we have a small amount of capital then altcoin trading is the best option, many altcoins have fewer rates so we can have an opportunity to get more bitcoin in the amount. The opportunity to earn even greater profits than trading bitcoin.