Newbie finding his way around crypto investment

Zeque02

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Quote from: Crypt0Gore on April 02, 2021, 04:20:46 AM

I keep feeling hesitated and crypto keeps growing, enough is enough, I'm new to this space and I'm looking into investing in altcoins, I have 1200$ in USDT right now and I can only take risk with 200$, I'm looking into vechain and harmony, looking forward to hear from people on here, are these two altcoins worth the risk? Can vechain hit 1$ in weeks??

If you really feel it that it could be profitable go for it, as long as you are aware the possible outcome that can be have a huge losses or could end up a huge profit. Being part of here is need to be strong enough to the possible outcome somehow it could be all or nothing situation as you try to invest the coins that you choose.

Evgenklm

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it's hard to say, it's better to make a balanced decision yourself, so that you don't shift the blame to others, study the projects and the road map yourself and see how you make the right choice.

michellee

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Quote from: WINNERZ on April 04, 2021, 10:31:16 PM

Dont do this bro, crypto is high risk. if u want profit 1000% , also u can got loss 1000 percent too. better u use 25 percent your money to take your risk

If he can learn many lessons available on many sources, I am sure he can minimize the risk and he will have a chance to make a profit. But I agree that he does not have to use big money to invest in crypto or use the money for trading before he learns something about crypto. That will help him avoid the big loss, but he needs more experience to analyze better because learning without practice will not be good. Using 25% of his money will be recommended as he needs to practice and familiarize the market move.

WINNERZ

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Dont do this bro, crypto is high risk. if u want profit 1000% , also u can got loss 1000 percent too. better u use 25 percent your money to take your risk

Dexion

full member

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Quote from: tvplus006 on April 04, 2021, 02:58:40 PM

Big profits are made by those who know how to wait. You, as I see, do not belong to such and want to get everything and quickly. Any investment in coins is at risk, and instead of getting a profit from investing in vechain, you can get a loss in a week. And someone else, after a few months, will get a profit from investing in this coin, because he knows how to wait.

This is the importance of being patient in investing, we are required to be calm in observing the market, do not rush and be reckless in deciding to sell existing assets just because their value drops, where there will be a time to fall to grow.

tvplus006

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Quote from: Crypt0Gore on April 02, 2021, 04:20:46 AM

I keep feeling hesitated and crypto keeps growing, enough is enough, I'm new to this space and I'm looking into investing in altcoins, I have 1200$ in USDT right now and I can only take risk with 200$, I'm looking into vechain and harmony, looking forward to hear from people on here, are these two altcoins worth the risk? Can vechain hit 1$ in weeks??

Big profits are made by those who know how to wait. You, as I see, do not belong to such and want to get everything and quickly. Any investment in coins is at risk, and instead of getting a profit from investing in vechain, you can get a loss in a week. And someone else, after a few months, will get a profit from investing in this coin, because he knows how to wait.

bitgolden

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Quote from: Viscore on April 04, 2021, 08:39:30 AM

If I were you @OP, I have to choose other coins that have been proven promising and that already have a stable market demand for a very long time. If you don't mind, make a choice on the leading coins including Bitcoin and it can assure you that your money will be safe and it will grow. Well, that also matters how you manage it.

That is what I suggested to someone recently, told them to find a coin that has a constant amount of increase in demand, something that is not as big as bitcoin or ethereum or bnb but something that is small but growing small by small. He told me if he was capable of finding something like that the ywould not be asking me. This is why I think the advice itself is great but I think it is not really easy to do what we advised, that doesn't mean that we should not be saying the same things but that just means maybe we should have few examples to give the people in order to make it more clear.

I am very much against telling which coins to pick but at least give examples that would be better from the history, that way we would be saying like "look at how bnb increased" and that would be fine. This way they will see how it always had some interest even though price wasn't this high and it got higher eventually.

yua_na

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If you are newbie dont put your money in to new project, it is too danger. Try to put in to top 10 altcoin which is good like polkadot and bnb, or maybe ethereum. But for ethereum $200 is not enough if you want to send it to your personal wallet ( gas fees is so high ) i recommend BNB or dot.

sapnu

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Quote from: mamesso on April 04, 2021, 12:28:29 PM

Always learn and keep learning, friend. Investing in cryptocurrency looks very easy, but if not equipped with in-depth knowledge then the risk is huge.
The two coins you mentioned look really good, but you are too late to enter there, because vechin and harmony already pumping really hard.
If you are new to crypto, try to invest safely. Btc, Eth, Bnb and Polkadot will be an ideal investment for you.

Indeed, knowledge is important for you to grow and succeed in your goals. There are lots of people who are putting their money on cryptocurrencies without knowing the risks of it because they don't any important information that they should know before doing it. We all know that there are lots of cryptocurrencies out there but not all of them are good for investment, that is why you should study and learn everything that is important to know when it comes to investing so that your money will grow. There are things you should consider before choosing and investing in a particular crypto project.

Fesatmas

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The question is, when you decide to invest $ 200 in vechain and harmony, have you done your research on those two cryptos first? or you just get carried away by Fomo which grows just because the price has shown an increase. doesn't that look more dangerous and have a high risk.
it is better to prioritize learning the crypto you want to buy rather than going with the trend. because it is not a good choice in investing.

do not rush, you will not be left behind if you think more carefully about making decisions.

shinji.link

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IMO, for a newbie (i'm a newbie too) there's no way to get a "quick profit" if your money is not much enough. Also, if you're going to investment with a lot of money, there's a high potential loss too. first learn about crypto investment (and the other investment) => high profit = high risk. I remember when i first invest on bitcoin around 2013-2014. I invest then i leave it like nothing happens. Then i came back when BTC was hype everywhere and got shock when i saw my btc value Grin

Right now, the market is doing very well, it seems every coin can make a profit for you but just invest safely. Don't put all of your money in one coin. You can choose BTC, BNB, ADA (these coin is hype in my place), etc. Follow news, learn analytical, read forum, and your choice is good enough but deal with the risk if the situation is not going well / different from your predictions

Cheers, mate!

mamesso

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Always learn and keep learning, friend. Investing in cryptocurrency looks very easy, but if not equipped with in-depth knowledge then the risk is huge.
The two coins you mentioned look really good, but you are too late to enter there, because vechin and harmony already pumping really hard.
If you are new to crypto, try to invest safely. Btc, Eth, Bnb and Polkadot will be an ideal investment for you.

Golftech

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Quote from: cryptofirm on April 04, 2021, 07:41:28 AM

Quote from: Crypt0Gore on April 02, 2021, 04:20:46 AM

I keep feeling hesitated and crypto keeps growing, enough is enough, I'm new to this space and I'm looking into investing in altcoins, I have 1200$ in USDT right now and I can only take risk with 200$, I'm looking into vechain and harmony, looking forward to hear from people on here, are these two altcoins worth the risk? Can vechain hit 1$ in weeks??

you choose the right altcoins buddy,
but i suggest you to do your own research on binance coin, because this coin is the best ethereum competitors now

he got those good coins and the market movements are positive though some corrections might take place,

but also taking some time in doing your research gives you a much better overviews to those potential coins

to invest your money, most of the time, it's about how you deal with risk and how willing you are to take it

while you are inside this market.

Dexion

full member

Activity: 812

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Something if it starts with doubt will not produce anything, there are many things that can be learned in Cryptocurrency, even so-called members who have long struggled in this field are still learning new knowledge for future conditions, because you mention investing, you must be someone who Do your own research on the object that you will invest in, don't just follow what people say, observe and choose which advice is necessary for your guidance, the most important thing is to only invest what you can afford to lose, and you will feel calm if you are right - really understand what you are investing in.

Kunnu

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First of all If you're investing in a well established altcoin then you don't need to hesitate much because good and well established altcoins always have higher probability to grow so on this basis Vechain and Harmony might be a decent investment option for you because both are very progressive altcoins hopefully your investment in these two altcoins will be beneficial for you.

Viscore

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Quote from: Strongkored on April 02, 2021, 08:01:10 AM

With the many suggestions that have been given by other members above, the OP should be able to have an opinion about the two tokens he wants to buy.
Maybe the OP entered into the crypto world as a result of stories of people who can gain money from altcoins so that you think it can also work on your activities in crypto. If Vet touches the price of $1 then the VET market cap will be $64,315,576,989 (based on the token supply) which will make this token rise and can even beat BNB, the possible price for VET in a week from now is $0,1 or more but will not touch $1 just a week.

Because of its huge market cap, that holds for the price to grow higher. I also think that the Vetchain coin will never go ever that easy and that much more if the altcoin season will be over (soon).

If I were you @OP, I have to choose other coins that have been proven promising and that already have a stable market demand for a very long time. If you don't mind, make a choice on the leading coins including Bitcoin and it can assure you that your money will be safe and it will grow. Well, that also matters how you manage it.

cryptofirm

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Quote from: Crypt0Gore on April 02, 2021, 04:20:46 AM

I keep feeling hesitated and crypto keeps growing, enough is enough, I'm new to this space and I'm looking into investing in altcoins, I have 1200$ in USDT right now and I can only take risk with 200$, I'm looking into vechain and harmony, looking forward to hear from people on here, are these two altcoins worth the risk? Can vechain hit 1$ in weeks??

you choose the right altcoins buddy,
but i suggest you to do your own research on binance coin, because this coin is the best ethereum competitors now

michellee

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Activity: 2604

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Quote from: Crypt0Gore on April 02, 2021, 04:20:46 AM

I keep feeling hesitated and crypto keeps growing, enough is enough, I'm new to this space and I'm looking into investing in altcoins, I have 1200$ in USDT right now and I can only take risk with 200$, I'm looking into vechain and harmony, looking forward to hear from people on here, are these two altcoins worth the risk? Can vechain hit 1$ in weeks??

With $1,200, you can buy many low coin prices, which has the potential to increase. Vechain and harmony can be the next potential coin, but you need to research more to find if that project has a bright future. I think both altcoins, vechain and harmony, but all of the altcoin and even bitcoin have a risk that you should accept, only by accepting the risk and knowing how to manage the risk, so you survive to make a profit. But if you can search for the other coin, that will be better for you because you can compare with vechain and harmony to see which coin will be potential in the future. But you can not expect to see both coin, vechain and harmony to increase in this week because that will depend on the market itself.

acdc

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Quote from: acdc on April 03, 2021, 08:59:58 PM

Even the most optimistic cannot think that Vechain can go 10x in a few weeks, if you wait for Vechain's price to go up to $ 1 I think you should wait until the end of 2021.

The rate at which currencies have risen in 2020 could be a better year we have to wait until the price of currencies rises this is great news for newcomers, they can make money by investing in crypto invest in a currency like bitcoin from other altcoins. There will be no chance of being scammed here and trustworthy.

Yes, the market is doing very well, it seems everyone can make a profit investing in a currency.
However, I am sure the market will have a correction, altcoins with too high a price will need to adjust the price.
So should not invest in Vechain at the present time.

kropelos93

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I wish I was a novice from the beginning of the bull market. If you're a newbie, you won't worry about TA, FA, etc. You'll just buy and keep and hold to x10, x50, x100... That's why newbies in the bull market made more money than almost any investor.

In this bull market, I just increased my balance by x7, while one of my colleagues, who knows nothing about trading, increased his balance by x25, which is really unfortunate for a "trader" like me

Topic: Newbie finding his way around crypto investment (Read 378 times)