Topic: Student without much $$$ - page 3. (Read 2006 times)

I like the ideas mentioned above not putting all money into BTC, I'd buy some top alts as well (like 30-40% BTC, 10-20% ETH, LTC,XEM etc) and try to spec with top100 alts and not buy 777th coin I don't really know anything about. I've seen satoshi.pie folio, it gave me an example.

In my opinion investing into alts is risky if you don't know what you are doing.

That being said, you could be smart about it, some alts have really went up recently.

I think things like Steem, ETH, and things like that will move up in the next coming months.

That should be an easy trade.

This is much good idea better to 50/50 if you really don't want to lose the benefits you can get in bitcoin better to invest too in bitcoin while you are trading with other altcoin.. so that you can get benefits of the price increase just what happen today the price was increase again that i think you can make more profit if you both trading.
For me honestly  i just put my invest in bitcoin 70% and only 30% in cryptocurrency because there are sometimes  that altcoin increase more high than bitcoin and altcoin is really cheap than bitcoin if you started with altcoin .

As many have already commented I'd suggest going 50/50, see bitcoin as a secure long term investment and alt coins as risky short investments.
You need to stablish exits; for example If given alt-coin has given me more than 110% profitability, then I sell as soon as the price drops (exit on 100% profitability).

Of course I've regret on selling several coins that went up 600-700% but is a secure way of duplicating my money.

I am not condoning you should be doing this to begin with, seeing as you are very new, but there are only a few ways you can quickly get from a few hundred dollars to 1btc, all of which are basically gambling and risky. If you choose to try this, don't whine if you lose everything.

You could easily use a bitcoin futures exchange and margin anywhere from 3x to 100x depending where you go. 100x will take your $100, turn it into $10,000 on the exchange, and trade it like normal fiat/btc. Whatever profits you make you keep, but if you go negative past $100, you lose it all permanently. Another way is to straight up gamble the bitcoin on a bitcoin gambling website.

DO NOT USE THESE METHODS IF YOU ARE NOT OK WITH LOSING THAT MONEY!!!

A $100 every week is a reasonable amount to invest in altcoins as trading, because trading is the only way that can take you straight to your destination of earning your first bitcoin. The bigger your capital is in trading, the less time it will take. Just be careful about any coin you are trading, coz they sometimes crash really bad.

You are doing perfect!! Crypto investments are the most lucrative ones of our era. Trading altcoins is my incredibly profitable hobby!!

Find an online job OP, you can try working for BTC on the forum, doing some translations, maybe joining a sig campaign when you level up a bit. Take part in giveaways and promotions, there's a lot of money floating around in the forum, you just need to be in the right place (thread) at the right time. It shouldn't take you more than a year to get your first BTC if you keep saving up.

Since you have worries then stick with your current strategy and play with that for now.

You don't need to engage in bitcoin trading fow now because while doing altcoin trading, you are also benefited while bitcoin price is increasing since after all, the final judgement of your profit in altcoin trades will be transferred to bitcoin in which you will used that amount to start circulating again your hold alts.

If you think you are ready and now have guts to enter bitcoin trading, then it's your decide since you know your capacity.

$100 weekly is a good investment in Crypto-Currency.

I personally would put all in BTC, doesn't matter the price, it will still increase even more on long term. If you think it's too expensive now (and it is) you can wait some weeks or few months and see if the price drops a bit with the correction, then you can buy it cheaper. But it's risky as we don't really know if the price will really drop, it can happen or not.

Anyway, Bitcoin is the most trusted currency and I think an investment on it worth more than investing in any other AltCoin like those you mentioned.

I'm also a college student with a limited budget. I originally started with a $1,000 that I stuffed into BTC a couple months ago which luckily mooned up to 3g. I try to focus on the coins that
promise privacy and anonymity like Verge and Safex.

I’m going to take a different path then everyone else on this one.  I will assume, since you stated “student without much $$$”  you may find a better use for you financial resources then these new digital currencies at this time in your life.   

When I was a student, I had no funds for anything then other the needs of a college student.  I have now been an active investor for 40 years since my college years as an EE/computer science student.   I too am new to bitcoin but have years of experience with computer science, TCP/IP, databases, encryption.   Those who don’t have my background have much much more work to do just to get to my starting point.   

I see many benefits to bitcoin and I am also seeing things which may be roadblocks.  Is bitcoin an investment at it’s current point in it’s evolution,   I have to wonder about that one. 

People are going to jump all over me for this comment but, here goes.   I don’t see bitcoin type entities as being investments in the classical sense AT THIS TIME.   One of the first things a young adult needs to learn is the difference between investing and speculating.   I don’t consider trading currencies investing, it’s speculating.  Not many have the discipline to do well in currency speculation and at this time bitcoin is a long way from being a currency in daily use by the masses.

Best of luck, thinking it out carefully and get many diverse opinions.

Kudos to you for taking the initiative and going about it intelligently!  Good luck!

Hey great job investing, your way ahead of the game than most.

Don't think in terms of a single bitcoin as that goal may be hard to obtain with $100 a week. I would recommend keep dollar cost averaging and put in more if you can during the dips. The levels will slowly accumulate and you'll be able to gain way more purchasing power than you would have by just staying in dollars.

You should consider getting knowledge about blockchain and doing some work for some altcoin fundation If your work is high quality, you will get pay.

Iranus makes some good points.

Altcoins definitely can have a bigger upswing percentage wise - but the downside can be just as bad.

I like the 50/50 option that a poster mentioned above - it gives you a bit of a hedge.

Also, you'd be surprised how well you can build up your cache of altcoins for free just by becoming a contributing member of this board. Signature campaigns and airdrops are a great way to get in early and for free.

I think your strategy should work fine. Diversifying is a good idea because we don't know which coins will perform the best going forward.

Also, investing $100 a week is good if you can do it. It's still early enough to make some profits down the road. In 10 years your investment should be worth a lot of money.

So the main goal is for the coins to be a massive BTC grab, but of course no one here sees a problem with that.
1 BTC is a completely arbitrary amount.  You should invest as much as is appropriate for you rather than working towards arbitrary targets.
It's quite unusual for a person to continue trading shitloads of alts, most of which don't actually achieve a lot, without losing money in the end.

You can delude yourself into thinking you're a good trader just because the price of basically everything is going up at the same time, but if you really don't have much money to lose, you'll be pretty badly hurt in the next bear market.  Just stay safe.

Thats not much, i mean in 10-15 years it will still make huge profit in bitcoin i assume, but it won't change ur life vastly.

In my opinion, if you're in it for the profits, just go with what gives you bigger profit percentage increase. If you're doing fine with the alts, then why change your strategy? What I would suggest is to probably do it 50-50 though. Every week, go $50 on bitcoin and the another $50 on some alts that you believe has value in the future. Why invest straight in to BTC if you can reach the 1 BTC goal faster by investing in alts?