Support a cryptocurrency with little money. Worth it anyway?

iamTom123

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Quote from: BabelZZ on November 21, 2017, 04:17:31 PM

I have few project that I really enjoy. Monero, Ethereum and Raiden Network above all. I don't have a lot of money so my investment will be not so important for the teams. I don't really care for profit considering that I have only 100/200$.
So what is better? Support a single crypto with all I have or separate on every crypto I like?

One of the most popular tips in investing is spread your eggs in many baskets so as to spread and minimize the risk and possibly maximize the potential to earn a good amount of return. However, this advice can only be good if you have a sizable amount of money to invest with in the first place. What about if you only have around $100 - $200...what can be the best strategy? The best strategy for me is to stick to Bitcoin as it is the safest cryptocurrency so far and the one that is steadily growing and surging. Now, having said that, I know that some other coins have far more potential for a breakout compared to Bitcoin. so aside from Bitcoin, what are the best coins that have the potential to grow like double of its value within the next 3 to 6 months? Well, it is hard for me to recommend to you any coin so I suggest you come up with like 5 best choices and from there make your own due diligence and then decide.

CuriousGeorge

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Quote from: moooonu on November 22, 2017, 12:17:02 AM

With 100-200$ you barely make any difference towards those cryptocurrencies you mentioned as they are already at their best stage also I want to advice you to hold those coins if you wants to make a good amount of profit in near future as they will worth alot more than what they are now.

Definitely, however people who invests such amount oftenly don't care about the project but just looking for a profit, It's a rare thing that OP really actually care about the project, I know that there are some wise word that advise us to analyze the project first before investing but if the money is that little, I think it's not important especially if the project itself have a big market capitalization. Just saying though.

moooonu

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With 100-200$ you barely make any difference towards those cryptocurrencies you mentioned as they are already at their best stage also I want to advice you to hold those coins if you wants to make a good amount of profit in near future as they will worth alot more than what they are now.

trecore4

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It depends on your personal instincts whether you want to be a investors or a supporter. If you just want to be supporter then there is no fixed limit because your a penny worth investment could also lead to development of that block of algorithm which may change the face of the technology. I mean you will never know really! So if you find yourself as supporter then surely its much more than enough.

But, when it comes to the investment then, there are things which you should know. For example, in any investment there could be bigger losses you may incur with and there could be greatest profits you have seen up until now. So investment is like liquid, it is continuous, forever and there is no limit. You have to keep going on for it to keep getting the profits. Thats the difference I believe it has got in between two of them. :-) No you choose your own destiny and think what you can do with those 100/200 bucks you have got up there.

_MrTuyul404

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If you invest with little capital, you will only generate a small profit. But why do not you try to trade, you can make a big profit even with only a little capital Grin

SummonKing2

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It is difficult to grow small investment. So you should choose only one or two of the crypto currency of your choice. There is the chance to earn more. You just need to focus first because that's where you earn and when your money grows you will add at least one first. When you earn another one up until you grow up. and your tokens are multiplied

erickkyut

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Quote from: BabelZZ on November 21, 2017, 04:55:32 PM

Quote from: FlexMary on November 21, 2017, 04:48:29 PM

if you start investing a little amount of money in many projects you will not earn alot of. Its better to have one or two prjoect keep on eye. You shouldnt invest in a fast way. Sometimes you have to do many reaseraches and have to update yourself about the crypto curruncy you favour. i never invest a little amount of money in many crypto curr. i just have my favourite one which i invest for and earn more of it

Thank you for the reply.
I'm not looking for an investement or profit i'd like only to support my favourite project.
Lose some money it is not the problem.
So i'm asking for an advice.
Is worth it anyway to buy some coin even if don't help alot?
Or better watch and take part with post, shares without buy the curerncy?

Why not support it and the same time earn from it? If you are earning from it, you have more funds to support it. One kind of support is by buying your favorite coin when the price is dropping especially if you have lots of funds, you can make a buy wall so that the price of the coin will most likely stabilize on that and it will avoid further drop. You can also share it in your social media. It is one of the most in demand kind of marketing strategy.

KylesmomisaB

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Quote from: BabelZZ on November 21, 2017, 04:17:31 PM

I have few project that I really enjoy.
Monero, Ethereum and Raiden Network above all.
I don't have a lot of money so my investment will be not so important for the teams.
I don't really care for profit considering that I have only 100/200$.
So what is better?
Support a single crypto with all I have or separate on every crypto I like?

Depends on how aggressive you want to be with your selection to be honest. If you want to diversify and not have one company take the reigns then spilt it up but if you want to be aggressive and have the best chance for

reward then dont diversify pick one and slap it down. Really depends on your style and what kind of risk you want to undertake.

Catch-22

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Donation in any amount will help the project you are supporting as well as Promoting it to Every channels you can to get more investors. The success of the project lies on the number of investors that will believe in the project you are supporting.

Yamifoud

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Quote from: FlexMary on November 21, 2017, 04:48:29 PM

if you start investing a little amount of money in many projects you will not earn alot of. Its better to have one or two prjoect keep on eye. You shouldnt invest in a fast way. Sometimes you have to do many reaseraches and have to update yourself about the crypto curruncy you favour. i never invest a little amount of money in many crypto curr. i just have my favourite one which i invest for and earn more of it

As a beginner, investing a lot of project would never be good, 1-2 projects at a time is enough. Anyway, as you further the more you learn a lot from investment. Applying those learning you've earned from previous project for another one would be very effective and I'm pretty sure that you can make it without any burden.

BabelZZ

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Quote from: Shamie1002 on November 21, 2017, 06:49:30 PM

@BabelZZ
Yeah OP is right. Its good to see that there are people like you not actually joining crypto just for monetary reasons but supporting such projects. The little amount you have will definitely have a part in any project that you have chosen.
Great work and good luck to us as Crypto users.

Oh thank you.
I think that if everybody support even little to a project will make a huge difference.

Shamie1002

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Quote from: Triple on November 21, 2017, 05:20:56 PM

Quote from: BabelZZ on November 21, 2017, 05:18:52 PM

Sorry guys probably my bad english is the problem.
I don't need investing advice because i don't want to invest and make money.
I only want to support my favourite project.
But i'm asking you if, considering little money i have, best to only partecipate in topic and discussion istead of buy some coin to show my appreciation.
That's all.
I already investing for profit in other "fund group".

Thank you all.

Ohhh okay I see what you're saying now. In that case, yes. Even if you don't have a lot of money to invest, every cent counts. You won't have a big effect on the overall price or anything like that, but if you like the project and want to support it, absolutely your investment will play a role.

@BabelZZ
Yeah OP is right. Its good to see that there are people like you not actually joining crypto just for monetary reasons but supporting such projects. The little amount you have will definitely have a part in any project that you have chosen.
Great work and good luck to us as Crypto users.

BabelZZ

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Quote from: cryptolit on November 21, 2017, 06:22:11 PM

Depends how much you care for these projects. Personally, if I didn't have too much money I would put it in one project to make the most impact for them. But either way, it's good of you to support one or multiple.

Thank you.
I'll probably split among project.

cryptolit

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Depends how much you care for these projects. Personally, if I didn't have too much money I would put it in one project to make the most impact for them. But either way, it's good of you to support one or multiple.

BabelZZ

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Guys i'm sorry but you misunderstood me.

Please read "imstillthebest" reply to my message.

I think he explain better what i was asking.

Thank anyway to all.

yen10

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Investment in cryptocurrency is just like investing in real world using fiat money. There will always be a risk. Also the more investment you have in different coins, the better. No matter how small the amount, its still an investment, it will sill gain profit in a given time. Its better to invest in different coins that in a single one, so if one coin fails, you will not lose everything.

uszaty43

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Dont pay attention to this guys, they are telling you to have your entire money in two, three, four altcoins and that is not good because you only have $100
Honestly, try to get more money before trying to invest, because you are not going to earn anything.
Just think about this, if you buy 0.20 moneros, and the price suddenly goes from $120 to $130 (as an example, it is more than 8%) You are only going to be earning $2.
And that is pure garbage, it is not even worth your money, because you are going to lose much more money on the fees.
The best thing that you can do is just wait until you have a nice budget and then start trading, or just supporting, or buying as many altcoins as you want to.

Protected101

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Quote from: BabelZZ on November 21, 2017, 04:17:31 PM

I have few project that I really enjoy.
Monero, Ethereum and Raiden Network above all.
I don't have a lot of money so my investment will be not so important for the teams.
I don't really care for profit considering that I have only 100/200$.
So what is better?
Support a single crypto with all I have or separate on every crypto I like?

Its okey to invest small amounts in crypto it must be good because if will price drops little amount of your investment is not affected so much.Choose what is your favorite and profitable crypto that you are supporting most.

FlightyPouch

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Quote from: BabelZZ on November 21, 2017, 04:17:31 PM

I have few project that I really enjoy.
Monero, Ethereum and Raiden Network above all.
I don't have a lot of money so my investment will be not so important for the teams.
I don't really care for profit considering that I have only 100/200$.
So what is better?
Support a single crypto with all I have or separate on every crypto I like?

Some of the crypto currency that you said are making a good prices and I think you really care about profit because why do you need to post this and ask if supporting crypto separately is better? If you really support these coins, you just need to support it, no need to ask other people because you are the one liking it.

But if you really are investing in these coins, yes, "supporting" other crypto currency is better than holding one. A lot of holding to make means a lot of choices to be made in the real future. And, small money or big money, it doesn't matter, as long as it will be having a good price in the future it will be a profit.

BabelZZ

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Quote from: imstillthebest on November 21, 2017, 05:19:10 PM

op actually said that he dont care for the profit, he will just invest for the sake of the team or developers of the coin because he wants to support and help them with their projects. @op much better if you can just spread your cash on to some different coins if you want to help most of them, it doent matter if your donated amount is low or high yet it is still a big help to them.

Yes thank you.
I will spread cash on all project that i like.
Little is more than nothing.

Quote from: Triple on November 21, 2017, 05:20:56 PM

Ohhh okay I see what you're saying now. In that case, yes. Even if you don't have a lot of money to invest, every cent counts. You won't have a big effect on the overall price or anything like that, but if you like the project and want to support it, absolutely your investment will play a role.

Yes i know bad english.

But Thank you for the advice, i will follow.

Quote from: ogini on November 21, 2017, 05:25:01 PM

It is not wrong to invest in little amount of money,but among your favorite choose one and invest the little you have.After which you can extend to other ones because every investor invest for profit,your little can uplift you to others with the profit you will make in it.

So you are saying that better put money on one project and wait for earn more money to spread on the others?
But is worth it with really little money?
I don't know.

Quote from: leex1528 on November 21, 2017, 05:26:45 PM

Now, people get confused with this all the time. Its not about how much you invest, its how much % of what you invest increases. If you invest 100 dollars into BTC and it somehow increases 5000% right now, you still get the 5000% invested money of the 100 dollars....Don't think about it as how much invested, think how much gain is possible.

Yes that i understand.
But again i'm not in for the gain, only to show my appreciation to the project.

Topic: Support a cryptocurrency with little money. Worth it anyway? (Read 363 times)