[Noob] $100 invested in ETH | Bitcointalksearch.org

crzy

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Activity: 2128

Merit: 180

Quote from: Svelto on January 14, 2018, 03:29:09 AM

Congratulation on your first successful investment.

It is good to reinvest your profit to generate more profit. If you intend to reinvest the $75 when your ETH is worth $400, simply take $75 worth of ETH and invest in another coin.

If you get some profit on it well you really make a good choice. This is a great advice so far and I have to agree on this. Invest what you earn and you will continue earning money by this, don’t just pull out your profit make it grow over time. Diversification might be a good advise also, and you have to do it for good.

J. Cooper

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Alea iacta est

Since you're still a very new trader I would suggest taking your $100 out (maybe even more) and playing around witht the profits. Normally I wouldn't recommend taking out your initial investment when dealing with investments that small but in your case it might be a good way to get going. Since regardless of what you do, you will walk away being a winner.

zhekinsp

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Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

Hello guys! I hope you're all doing well!

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

It might sound stupid, it most likely is stupid but we were all noobs at one point.

Another thing I have been thinking about recently on how to make profit.

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

Hopefully I do not sound retarded. Lips sealed

I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.

Sorry if I am confusing; I am still new to this and I am not English/American so there will probably be a lot of errors.

Any/all advice is extremely welcomed!

/Jaxxie

Yeah,if you want to start trading then you should invest on other altcoins with the high price volatility because ethereum is constant steady growing coin so you can't make money with ethereum in trading.But if you continue to hold the ethereum the price will increase and there is a fork also coming up on Jan 19 so it is better to hold until than and sell your half of your ethereum to other altcoins.
It is better to keep your invested capital as ethereum so it also continue to grow the price of ethereum may hit $3000 in 2018.

vk8181

newbie

Activity: 36

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I suggest you not to sell any of your ethereum now as I think it will continue to grow more and after few days you may want to cash the amount you invested..but ethereum is a safe coin to hold on

Jaxxie

newbie

Activity: 2

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First of all thank you for the quick replies! I never expected so many!

Quote from: TheUltraElite on January 14, 2018, 06:11:36 AM

Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

That was a good choice. Ether price has risen before its upcoming fork called ETZ which is why people are stockpiling their stock of ethereum and going to dump it along with the new altcoin ETZ when it reaches the wallets and markets open.

Reinvesting is a good choice because the new altcoin will not get any traction. Recommend you take advantage of the ether price and sell around 60% of the ether to cash it. Then buy some other altcoins or bitcoin with it.

Quote

It might sound stupid, it most likely is stupid but we were all noobs at one point.

I can fell it myself. I was a noob at one time too. Dont worry. Grin

Quote

Another thing I have been thinking about recently on how to make profit.

Buy low sell high - the basic.

Quote

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

Hopefully I do not sound retarded. Lips sealed

I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.

I think my above explanation is clear. If you need any more clarification let me know.

The thing is I have the money in my cryptowallet and not online on an exchange service like binance. (Even though I have a binance account.) I just do not know how to cash it out to continue making profit. Since I live in Sweden the regulations with cryptocurrency and banks are..well..not exactly approving of it. My friend got his bank account closed because of it. It is rediculous tbh. I am assuming I should transfer the profits over to an exchange and reinvest them into other cryptos then? Also we pay about 40-50% taxes here. So a simple transfer would cost more. I am currently thinking of investing in IOTA, NEO, LISK, Ripple, Steem and Stellar Lumens. Hopefully I will become as successful as you guys at some point. Even though my budget is very, very slim.

Hoping on growing this into at least $1000! Have a great day and thank you for your time!

TheUltraElite

legendary

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So anyway, I applied as a merit source :)

Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

That was a good choice. Ether price has risen before its upcoming fork called ETZ which is why people are stockpiling their stock of ethereum and going to dump it along with the new altcoin ETZ when it reaches the wallets and markets open.

Reinvesting is a good choice because the new altcoin will not get any traction. Recommend you take advantage of the ether price and sell around 60% of the ether to cash it. Then buy some other altcoins or bitcoin with it.

Quote

It might sound stupid, it most likely is stupid but we were all noobs at one point.

I can fell it myself. I was a noob at one time too. Dont worry. Grin

Quote

Another thing I have been thinking about recently on how to make profit.

Buy low sell high - the basic.

Quote

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

Hopefully I do not sound retarded. Lips sealed

I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.

I think my above explanation is clear. If you need any more clarification let me know.

frmracc

full member

Activity: 728

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Nice profit there, turn $100 into $325. You have 2 options, you can hold more your ethereum because i'm sure ethereum price can go up again soon and the 2nd option is look and watch on the bitcoin price now, it's going down so hard. I predict bitcoin price will go up again, just wait and keep watch.

Mevz

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Activity: 238

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It's better to invest the half of your profits on some different coins and the other half continue invest in ethereum. Ethereum is more valuable now unlike these past years. Someone says the price will grow more. It's in you what coins do you want to invest in or better invest on some good ICO launching in this January just double check the background of them so you don't lose any of your money.

tranduc2101

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Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

Hello guys! I hope you're all doing well!

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

It might sound stupid, it most likely is stupid but we were all noobs at one point.

Another thing I have been thinking about recently on how to make profit.

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

Hopefully I do not sound retarded. Lips sealed

I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.

Sorry if I am confusing; I am still new to this and I am not English/American so there will probably be a lot of errors.

Any/all advice is extremely welcomed!

/Jaxxie

If you invest $ 100 in ETH to get a free Token from the hard fork event, this is a good option. But I recommend investing in Altcoin like TRON, Ripple, ....

theflyingfury

newbie

Activity: 29

Merit: 0

The price rises when there is some development related to coin as the demand increases and the price decreases since any coin cant climb up alone some correction has to happen today or tomorrow. You need to speculate when can the price increase and then sell it almost at the peak and when correction happens buy it again.

kryptqnick

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Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

Hello guys! I hope you're all doing well!

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

Well, I think a good advice is for you to withdraw initial investment ($100), hold some eth (another $100, perhaps) and buy other good coins for the rest of the money (if you're new I suggest ripple, ltc, waves and stratis).

Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it

Yes, you just have to sell the coin at $400, leave $75 alone in the basic currency you use in trading (dollars or bitcoins, something from which you start every time) and buy the coin for $325 afterwards. It's not stupid, that's how trading works, but such high profit would be great luck IMO, it's not like it happens regularly.

bbcolex

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Activity: 686

Merit: 100

Quote from: Jaxxie on January 14, 2018, 01:42:24 AM

Hello guys! I hope you're all doing well!

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

It might sound stupid, it most likely is stupid but we were all noobs at one point.

Another thing I have been thinking about recently on how to make profit.

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

Hopefully I do not sound retarded. Lips sealed

I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.

Sorry if I am confusing; I am still new to this and I am not English/American so there will probably be a lot of errors.

Any/all advice is extremely welcomed!

/Jaxxie

For that you need basic knowledge in trading you might be selling your eth in cheaper price, you can use poloniex or binance as my preferred platform or exchange where you can sell your eth into BTC or much better USDT "Tether USD" rate is 1 usdt = 1$ fiat , so when the time comes you wanna buy at low you have the usdt in tact, or trade in a platform where your preferred coin is listed. anyway, congrats man

Dilladupak

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Activity: 630

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If you want to earn more profit for me, you can invest in ETH, because the price in early 2018, this price is cheap, here is your chance to get more profit, because I believe that the price of ETH in mid year, will tend to be higher , so in my opinion do not waste this opportunity, because you will get more profit.

crshovrd41

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Activity: 7

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Great work! The only real way to maintain that value would be to use a FIAT exchange and cash some out to USD. Otherwise, if it sits in any crypto, you may lose it. Skimming profits is not a bad idea if you feel that you are still positioned well enough to make more profits.

I recommend you consider what your goal is. Maybe it's just to make profit, maybe it's a HODL because you believe that over time the value will increase beyond the short-term gains, maybe you believe in the tech and you really are passionate about the company, day trading, etc, etc...

Consider what steps are necessary to meet your goal and move from there. Just remember, these markets aren't for the faint of heart and you could lose it all at any moment. Good luck!

Svelto

sr. member

Activity: 686

Merit: 257

Congratulation on your first successful investment.

It is good to reinvest your profit to generate more profit. If you intend to reinvest the $75 when your ETH is worth $400, simply take $75 worth of ETH and invest in another coin.

Harlequill32

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Activity: 27

Merit: 0

I think it is also good to invest on other coins with some of the earnings you get from ETH. Do not put all your money on one coin as others say. Try to diversify a bit.

AliCris

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Activity: 532

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January 19 will be another fork, until this time there is a high probability that ETH will continue to grow, so that you can hold up to this time and get from this additional profit.

Jaxxie

newbie

Activity: 2

Merit: 0

Hello guys! I hope you're all doing well!

I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?

It might sound stupid, it most likely is stupid but we were all noobs at one point.

Another thing I have been thinking about recently on how to make profit.

This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? Roll Eyes

Hopefully I do not sound retarded. Lips sealed

I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.

Sorry if I am confusing; I am still new to this and I am not English/American so there will probably be a lot of errors.

Any/all advice is extremely welcomed!

/Jaxxie

Topic: [Noob] $100 invested in ETH (Read 175 times)