Starting my crypto journey, hope I'm in the right place

cryptoaddictchie

legendary

Activity: 2268

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Quote from: Z390 on March 26, 2022, 07:25:15 AM

Is there anyway to increase my IQ about which crypto project to invest money on?
I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

Im not sure if your IQ will increase here but it will definitely help you grow your knowledge on bitcoin and cryptocurrency. IQ isnt something we can boost easily and you can use that idea to earn more on your monthly savings. But trading crypto is kinda risky so you must be ready to take some losses too.

Assmosis

newbie

Activity: 23

Merit: 2

Quote from: Mario Vella on March 28, 2022, 02:29:42 AM

You are in the right place. However, always try to do your own research, even if you see some good opinions on specific coin in the forums like this one.

I think a good idea is to start with the basics, try to learn as much as you can about crypto world in general before investing: https://youtube.com/playlist?list=PLQ794-ev8UM73wdWAtX6H588QJnuuV6yq

Fear of Missing out might force you to hurry and do some uncalculated decisions based on emotion and not logic. Take your time, do your research and create your strategy before investing money into it.

That’s a great way to get started. When I started, I began with research too although there were good courses. But I feel they are loaded with information and can be very overwhelming. Newcomers should take small learning steps and clear basics first.

s.john

jr. member

Activity: 38

Merit: 8

The main rule that you should keep in mind that crypto is unpredictable space and no one really have the right answer and no matter how much research you do you still need some luck to get the results you want

Bhig Daddy

member

Activity: 364

Merit: 13

Few months back I was also a newbie, I had alot of questions on my mind to ask but I took me time to understand some few things about crypto, this forum really help me alot and I have gain so much since joining this forum. All I will advise is that always be in this forum, visit new places in the forum and read almost everything you come across to.

CryptoPanda

sr. member

Activity: 910

Merit: 302

Quote from: Z390 on April 01, 2022, 12:34:23 PM

Any amount is fine if you are ready to bear some few losses because altcoins are highly volatile compared to even BTC, as a newbie its better to just buy some BTC for now if you are in haste and then start learning more about altcoins and what makes them have values.

Any amount you can afford to lose is fine. Despite the volatility of Bitcoin, I would be more comfortable as a newbie buying Bitcoins than altcoins reason being it takes a lot of experience to know the real projects and the scams. It is easy for a newbie to fall into the follow the herd group this is where scammers take advantage. You can never go wrong with Bitcoin, it's true altcoins made some newbies who didn't have a clue what they were doing billionaires, bear in mind investing in shit projects also made many homeless.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: Z390 on April 01, 2022, 12:34:23 PM

Any amount is fine if you are ready to bear some few losses because altcoins are highly volatile compared to even BTC, as a newbie its better to just buy some BTC for now if you are in haste and then start learning more about altcoins and what makes them have values.

You are wrong because actually bitcoin also has the same properties as thousands of other altcoins that are equally volatile. You can't convince others of an investment that has made you profitable until they really understand how the market works.

I agree bitcoin has more potential than altcoin in the long term, but you have to be willing to be a long term holder rather than just relying on short term speculation. You also can't really profit from bitcoin if you don't fully know how to control your emotions, manage capital, and manage risk during volatile markets.

Z390

sr. member

Activity: 812

Merit: 315

Vave.com - Crypto Casino

Any amount is fine if you are ready to bear some few losses because altcoins are highly volatile compared to even BTC, as a newbie its better to just buy some BTC for now if you are in haste and then start learning more about altcoins and what makes them have values.

taufik123

legendary

Activity: 2716

Merit: 1855

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I'll just add a few comments. You will find many references about crypto and how to make the right investment in this forum.
You only need to search for some articles you want to know, use the forum search feature before asking a question.
Because I'm sure all your questions have been asked in this forum.

If you want to invest in crypto the most important thing is research. Don't spend your money on investments you don't know about.

Scaterbrainn

newbie

Activity: 29

Merit: 0

Yes. You’re at the right place. I would suggest that you complete your education first. Start with reading about the market online. And don’t continue until you have full knowledge of the market and risks associated with it.

Alisha-k

member

Activity: 840

Merit: 23

Feel free to ask anything you feel you need clarity on that's the primary reason why we're here, to get informed information and clarity on things we aren't clear about.

Crypto looks very promising, it has survived a decade, I believe it will survive even more than that coming as for the best amount to save, that decision is in your place to make, you'll need to make proper research on how the market operates.

Mario Vella

newbie

Activity: 23

Merit: 1

You are in the right place. However, always try to do your own research, even if you see some good opinions on specific coin in the forums like this one.

I think a good idea is to start with the basics, try to learn as much as you can about crypto world in general before investing: https://youtube.com/playlist?list=PLQ794-ev8UM73wdWAtX6H588QJnuuV6yq

Fear of Missing out might force you to hurry and do some uncalculated decisions based on emotion and not logic. Take your time, do your research and create your strategy before investing money into it.

CryptopreneurBrainboss

legendary

Activity: 2408

Merit: 4282

eXch.cx - Automatic crypto Swap Exchange.

Quote from: Z390 on March 26, 2022, 07:25:15 AM

I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

Firstly I would like to second majority of the advice you have received above. Get yourself educated first then you can make better choices. Jumping right into investing is one of the biggest mistakes newbies make that cost them opportunity of profiting more in the future. When you're enlightened you won't let your emotions gets the worst of you, you'll be able to make better decisions as you know the advantage and disadvantage of whatever choice you intend making.

Secondly, don't put all your savings into bitcoin, keep some for emergencies Incase there was to be any situation that needs funds, you won't be tempted to touch your investments. Dollar cost average your investment and put a specific amount monthly until you have been able to save/invest alot to satisfy you. Don't rush the process, first you learn before you earn. Don't try to do it the other way or you'll regret.

uchegod-21

hero member

Activity: 1134

Merit: 643

BTC, a coin of today and tomorrow.

To start with, you are at the right place. This forum can teach you anything you want to know about cryptocurrencies.
- If you want to know about projects that will last or that will still exist after 5 years, I am only sure of bitcoin. But there is a board called altcoin discussion, it is where projects are discussed. You can visit the board.
- About how much you can invest, I think you need a financial advisor for that purpose. You know how much you are willing to lose and that is what you should invest.
- You don't need to make an investment and leave it for 5 years, you can be monitoring it and when the investment is bad you jump out of it.

sunsilk

hero member

Activity: 3038

Merit: 634

Dash isn't performing well if the basis is through its chart.

You make $400 and you can invest and save $300 per month. That's actually an impressive way of living, you're living and saving as much as you can and I guess you have no other obligations and that's why you can save that amount.

What you can do is to invest that amount into bitcoin monthly and keep doing it and you already do the DCA strategy.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Z390 on March 26, 2022, 07:25:15 AM

Is there anyway to increase my IQ about which crypto project to invest money on?
I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

Perhaps, $100 as capital for beginners is enough and this is actually an advisable amount. But if you have more and can afford to risk it, there is no problem with that. In fact, small capital - small profit while having a huge capital - possibly earn more.

Quote

Do you think that crypto will survive 5 years to come?

I have heard this question long-time ago but look, crypto had already existed for more than a decade, that obviously it was answerable by YES. Well, the question is that if all crypto were able to survive, that is something like misery and I know that many of these crypto projects that have been created today will go.

maydna

hero member

Activity: 2912

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Quote from: Z390 on March 26, 2022, 07:25:15 AM

Is this section the right place for a newcomer to ask questions because I don't know, but it says beginners and help, hope I'm right?

You are in the right place, and I hope you get the answers you are looking for.

Quote from: Z390 on March 26, 2022, 07:25:15 AM

Is there anyway to increase my IQ about which crypto project to invest money on?

There is no need to increase your IQ about crypto projects, but how can you understand what crypto is. If you want to invest your money in crypto, you need to know how so that you will be on the right track.

Quote from: Z390 on March 26, 2022, 07:25:15 AM

I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

There is no right amount to invest in crypto projects. It will all depend on how much money you are prepared to lose because investing in crypto is not always profitable. But if you can hold your coin when the price is falling and buy again and wait until the price goes up, that's where you get the opportunity to sell at a high price, and that means profits will come to you.

Quote from: Z390 on March 26, 2022, 07:25:15 AM

Can I ask a question about a crypto project on here? For example DASH?

Dash is one of the good coins, an old coin that still survives and has a strong community. You need to find out about Dash if you want to invest in that coin. But if you don't know or are confused about where you can find that information, maybe you should just invest in bitcoin and forget about altcoins until you really have the experience and knowledge to help you choose the right altcoin for you.

Quote from: Z390 on March 26, 2022, 07:25:15 AM

Do you think that crypto will survive 5 years to come?

We believe that crypto will last for the next 5 years, even for a long time.

Taskford

hero member

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Quote from: Z390 on March 26, 2022, 07:25:15 AM

Is this section the right place for a newcomer to ask questions because I don't know, but it says beginners and help, hope I'm right?

Is there anyway to increase my IQ about which crypto project to invest money on?
I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

Can I ask a question about a crypto project on here? For example DASH?

Do you think that crypto will survive 5 years to come?

There is a lot of questions on my mind but I want to take a step at a time, so guide me and correct me in any way possible.

You are in the right place actually since there are so many discussions towards everything about crypto here also you would provably find some ideas which can help you about your investments the only thing you need to do is to research about past and new discussions since many ideas can you get there from the discussions made by forum users.

Also if you look for sure profit well we cannot assure that since no one can predict accurately so just rely on your research on this since sometimes other suggestion might not good to you.

If you also ask about if crypto would last for 5 years then my answer is this will provably stay for more than that as crypto is now made as alternative to fiat so most provably more adoption will come unto it.

Rikimaruu

jr. member

Activity: 45

Merit: 1

You have a lot of reading and learning to do, you are free to ask any questions in this section of the forum but one thing is clear, crypto knowledge is unlimited you can get better at it than us on this forum too, just be open to more advice and be willing to learn, you are welcome.

Asiska02

hero member

Activity: 994

Merit: 701

This is the right place for you to be. All you’ve to do is to follow the rules and regulations guiding the forum. And make sure you go through every post you intend to do vigorously before posting them to avoid been banned for plagiarism. If you don’t know anything about the forum you can always ask and post in the appropriate place related to the question you’re asking. The rules and regulations guiding this forum can be seen on this part, the thread that are pinned to the top of this >Beginners & Help>

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: Z390 on March 26, 2022, 07:25:15 AM

Do you think that crypto will survive 5 years to come?

let alone the next five years, the next 100 years crypto will still survive, if this world still exists, it's not the end of the world.

Basically, if someone is already into the world of crypto or digital currency at its core, they only think of investing and trading, IQ upgrade no one here can vouch for you for that, plus you're talking about coins (DASH).

Generally, people here do something in crypto investing and trading, based on their own heart and mind, if you feel confident that the coin you choose can increase profits of course, you can do it, you need to know detailed information about the coin of your choice it is very important to determine your future and profits, the team, founders, investors, market and development of the coin are very decisive for you to have a definite increase and profit.

Topic: Starting my crypto journey, hope I'm in the right place (Read 308 times)