Topic: The very worst part of an investor or trader that has a low budget. - page 2. (Read 1295 times)

Feeling jealous about others victory or the quantity of money that they have isn't a good habit to have. We don't know how they made their money hence we don't have to be jealous of them because what they have gone through, many of us won't want to go through that process to get the money that they have. Rich people make alot of sacrificed hence when we seen them successful we shouldn't feel jealous but work on trying to be rich like them too. With your low budget, keep trading and having better plans for yourself and you will be like the rich one day. After making profits, don't squander the money but invest it back into your trading or other investments that can give you profits without you risking too much that can make you to lose all your money. What matters more when trading is the experience that you gained because with that, you can make more profits in the future.

If we are going to look at it in general, money is not always the solution to all problems, remember that. Now, if we talk about the crypto industry, obviously this is really money involved and second is that if you don't have money, you can also get profit here in crypto via bounties, airdrops, skills and staking/farming in which it needs money of course.

Now, we know that most of the advantage is always in the big ones who are paid in the company or people who have businesses. But for ordinary regular employees, it will be a bit difficult, especially for those who don't have resources.

Money is the solution for every problems.

Only few are previlaged to have such cushion of starting with big capital but remaining 90 or 80% of people started small and over the period of time you will eventually turn it to big. And you said in crypto for very long so if you tried to accumulate small amounts every month via DCA then you would be already having decent money under your portfolio instead of blaming that I am not rich or whatever.

There's always some way.

There is no strategy that can be used in every single scenario, diversification makes sense if you already have a high level of capital, but for someone with just 100 dollars in their pocket, it makes no sense to invest in 10 different assets dividing their capital equally between them, just think about the fees you will have to pay to move your coins, and if we add that during the bull run the transaction fees goes up, it is even likely you could not move those coins as the fees are higher than that, so in that case, investing those 100 dollars in a single project makes more sense.

I see a lot of people now a days knows about crypto and become interested on it something like they wanted to invest into it and it is so easy for them specially when they have a lot of money they can invest in different coin that they wanted and hold, while we as a crypto lover from a long time ago until present wanted to invest but short on budget has nothing to do with the coins that we wanted to buy,the very worst part is when we see the coins that we wanted to invest is rising.Rich people can't feel this pain and i am sure that they cant relate this problem about  money.

There is no strategy that can be used in every single scenario, diversification makes sense if you already have a high level of capital, but for someone with just 100 dollars in their pocket, it makes no sense to invest in 10 different assets dividing their capital equally between them, just think about the fees you will have to pay to move your coins, and if we add that during the bull run the transaction fees goes up, it is even likely you could not move those coins as the fees are higher than that, so in that case, investing those 100 dollars in a single project makes more sense.

People need to start with things that are safest and have highest probability to help them gaining profit. Because if they get profit, increases their capital and portfolio value, get richer, they will have better mentality for next steps. In contrast if they get losses, their mentality will become worse and it will be start of worse things and more bigger losses.

So between investment and trading, let's choose investment, a safer one to success.

Invest in Bitcoin, hold it, it's safer than trading and you will get profit by holding. If you can not get profit by holding, it's nearly impossible for you to get profit by trading, as a newbie in this market.

Easy to say but its actually that hard to be done but its not something impossible. It will really be that just depending on how you would persevere yourself on dealing up with trading.
If you would really be that serious then you will be having that kind of approach on trying out to learn everything.

There is no strategy that can be used in every single scenario, diversification makes sense if you already have a high level of capital, but for someone with just 100 dollars in their pocket, it makes no sense to invest in 10 different assets dividing their capital equally between them, just think about the fees you will have to pay to move your coins, and if we add that during the bull run the transaction fees goes up, it is even likely you could not move those coins as the fees are higher than that, so in that case, investing those 100 dollars in a single project makes more sense.

That's not a good strategy. You always diversify your investment funds, no matter the amount of them. It's better, in any term, to put in 10 different assets $10 in each asset, rather $100 to just one.

That's not a good strategy. You always diversify your investment funds, no matter the amount of them. It's better, in any term, to put in 10 different assets $10 in each asset, rather $100 to just one.

When you have low budget, you don't have any business with many coins. Just buy one coin and leave your faith to that coin and if it grow well with profit

Low ludget also means that you are going to have low risk as well and when you invest huge amount of money into crypto, you will lose more and because altcoins are very volatile, the risk of losing more will likely happen that's why it's good to invest something moderate so you can do a proper risk management until you are conversant with the market to invest large amount of money.

Indeed, if we think like that or look at a situation like that, then we might feel a little jealous. This is a very natural thing as a human being who has minimal capital. However, it doesn't matter when we make it a motivation for us. with effort and hard work, then we can also get benefits even though not as much as what people who have more capital get. But I feel it myself now, even though I moved from the very bottom, slowly I can feel something that makes life better, especially from the financial side. When there is a will, then anything can happen. We must do it tirelessly.

Indeed, if we think like that or look at a situation like that, then we might feel a little jealous. This is a very natural thing as a human being who has minimal capital. However, it doesn't matter when we make it a motivation for us. with effort and hard work, then we can also get benefits even though not as much as what people who have more capital get. But I feel it myself now, even though I moved from the very bottom, slowly I can feel something that makes life better, especially from the financial side. When there is a will, then anything can happen. We must do it tirelessly.

I understand and feel what you want to convey in this topic that you did because I feel the same way, so it is often thought that people who are rich or in the middle class level of life are very lucky to be open to crypto investment so that they can accumulate potential crypto.

while we in the short budget are working hard and persevering in gradually accumulating the potential cryptos that we want to accumulate that somehow we also have a chance to hit the jackpot.

I see a lot of people now a days knows about crypto and become interested on it something like they wanted to invest into it and it is so easy for them specially when they have a lot of money they can invest in different coin that they wanted and hold, while we as a crypto lover from a long time ago until present wanted to invest but short on budget has nothing to do with the coins that we wanted to buy,the very worst part is when we see the coins that we wanted to invest is rising.Rich people can't feel this pain and i am sure that they cant relate this problem about  money.

Actually there are really indeed ways or methods, it is really just that there are tons of people who are really that too impatient when it comes to this manner on which they dont really like up on starting on having that small capital just because they could only get a small amount of profits on the moment that they will really be making up some trades which is somehow true. We do know that the bigger capital you do have then you could be having that kind of versatility when it comes into your trades but we do know that if the higher amount is really that been used to, then chances of losing up that big could be still equal. This is why you shouldnt really be thinking that the higher the amount will be having that less risks but rather it would be the other way around. If you are really that wanting on having that kind of bigger capital came from smaller ones then
the best way is really that having that compounding profits on which consistency will really be your best shot on here if you do want to hit this kind of target.

The best thing to be done is not to make yourself that desperate when it comes into this manner on which you've been trying out to make yourself having this kind of goal but on the moment that desperation kicks in
because of that short patience you do have then you are really that bound on losing tons of money instead on earning. So its better to be at least having that kind of relaxed but having that strategic and
aiming for some realistic approach rather than on rushing up yourself on doing such thing.

A low budget does not necessarily mean a bad thing. If you are of the mind to bet a thousand on 1.1x profits, then you are also risking that grand to losses.
From a low budget gradual increase in capital should be targeted. This can be done by allocating funds to the trading budget every month from income.

I see a lot of people now a days knows about crypto and become interested on it something like they wanted to invest into it and it is so easy for them specially when they have a lot of money they can invest in different coin that they wanted and hold, while we as a crypto lover from a long time ago until present wanted to invest but short on budget has nothing to do with the coins that we wanted to buy,the very worst part is when we see the coins that we wanted to invest is rising.Rich people can't feel this pain and i am sure that they cant relate this problem about  money.