Trade up capital: $200 - page 3. | Bitcointalksearch.org

tjtonmoy

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And how will it help in crypto trading? In trading, it does not matter at all in which country a small amount is considered large and vice versa. It's about money management.

It doesn't help in trading, but considering that as a big amount in Third World country, the little amount of profit one can gain from it is also going to be a good amount.
For example, you can live your life comfortably with just $5 per day. And if one can make $5 profit from $200 investment, then that's good, I guess.

I am not saying that this will help in any kind of trading situation or creating a strategy. It's just a mental thing which could give confidence if one can do it.

And about the fact that that is not his own money. It is better not to do it in the first place. Emotions will get in the way, that's for sure.

EarnOnVictor

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First, I believe you and your fine are one, there should not be any interference, and the agreement and transparency between you two about the money are crucial and final.

However, you should be aware that trading is so risky, and if you are new, it's about 99% sure you will lose that money. Also by your expression, it's clear that you know little or nothing about trading, so the risk is high and it will pain your wife if you lose the money.

Why not invest it in holding Bitcoin when the price drops? Investments like that attract lesser risk than trading.

Hypnosis00

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

As a beginner who really doesn't have any trading experience, for me, $200 is enough to enjoy but can't be sure if this could really give you a profit as I was afraid of losing them all if you are too careless to make decisions.
I suggest setting aside the $100 while using another $100 for familiarizing the market in order to be sure that you can still continue trading. Just only use the remaining $100 when you are fully ready enough to make a trade. Don't rush your decision OP because I will tell you that not all traders become successful, many had also suffered losses and end up their trading journey.

goaldigger

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

So what do I do now that the money is legal in my hand?

Just accept that you committed a mistake and your family will understand you now.
I don't know what's the reaction of your wife but I hope that you are ok now and you can start trading now so you can have a good opportunity to make money.
That is a good capital so make sure you trade it properly and grow it over time. I suggest to have your target for a month or even daily, for me $5 profit daily for a beginner is already a good profit, just take it slowly while you are still learning and don't rush in the market.

Oneandpure

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There are not minimum fund for start trading in cryptocurrency and $200 seems more enough capital for your trading journey start, but you need having skill and knowledge about basic trading and most important have to know right time for buying or selling. Seems with $200 capital for trading not recommended investing in Bitcoin because earn small profit how ever with bitcoin price pump.

Trade with altcoin still have price under $1 and reach up few percent have earn enough profit and could be compound for every profit earning, if get support market condition seems have potential with $200 capital in trading become higher capital one day later but in trading not promising you earn more profit later but depend how smart you are when choose with right altcoin for investing.

tjtonmoy

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You will make mistakes, you will try to win back, the Martingale strategy will come into play, which will only aggravate your situation and there will be no trace of your micro deposit.

If you have no experience and no ready-made working strategy, then you don’t even have to start, as the outcome will be decided immediately.

If you are from a Third World country, you will know that $200 is not a small amount. It could be someone's 2/3 month's of income. But let's just say that $200 is a small amount. But it is always advised to start from a small amount and then work your way up to the big one.
As this money belongs to OP's wife, I don't think it is a good decision to start with that. This will create pressure and emotions will get in the way. As you (Ratimov) said, this will lead to mistakes, thus loosing all the assets in the process.

Quote

Don't invest what you can't afford to lose.

This is the thing everyone should follow and keeping this in mind, that money is not yours in the first place. OP are you sure that you are capable of making profits and return your wife's money?

Jody.Drummer

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Is there nothing better than taking money secretly? I know it's your wife, but somehow you can discuss it first. In my opinion, you are doing something ridiculous by taking the money. How could you think you could trade with the money you secretly took? In my opinion, it's better if you don't trade if you don't have capital than you have to use your wife's money. Even though you are the head of the family, that doesn't mean you can do everything, especially without the knowledge of your wife.
I appreciate your wife, she is mature by not letting her parents interfere in your family matters.

jostorres

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

First off, stealing money is wrong. Second off, you look like a newbie in trading so you shouldn't be trading with real money but you need to learn more first about trading then practice with zero funds and then start with smaller amounts of real money. If you gain enough experience you won't be asking if how much capital is ideal for you.

Using someone else money won't increase your chance of gaining a profit but I think it can boost your confidence because it wasn't your own money anyway and it will be okay for you even if you lose it. Once you made something else, it will be better if you can return the money and add some interest if possible.

redsun114

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

Have you acquired enough knowledge about trading and how it works before taking this decision? Do you know and understand the risks involved in trading and evaluated all the possible outcomes before deciding to invest the money? If yes, then you may decide after consulting with your wife whose money you are using and then start with caution and proper risk management.

If you have done none of that and are just thinking to take the money and start immediately, then you are making a big mistake. First of all, I think you shouldn't trade with your wife's money especially if that is the only money she has and she can't afford to lose it. But even if she agrees, you will need to learn to do it the right way so that you don't risk the money.

Inwestour

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

You have a whole drama there with your wife and her mother. Grin

The first rule about money is that money loves silence. Follow it and you will have much less problems.
If you're having trouble saving a few hundred dollars to start trading, then you may need to learn how to save and build capital first, as there have been many discussions here about borrow money trading.

And it doesn't matter if it's your wife's money, if you need to borrow money from your wife, then you have separate budgets, which means that you should to borrow from her. What happens if you lose all this money in trading? This is also possible, especially at the initial level when you do not have the proper experience in this matter.

tvplus006

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

...So what do I do now that the money is legal in my hand?

If you are sure that you can increase your deposit, then you can safely start trading. But I think that you are a beginner who has heard that you can quickly get a big profit in the crypt. If this is really the case, you should return this money to your wife and learn how to earn money yourself, which you can spend at your discretion.

Minecache

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Quote from: GiftedMAN on March 22, 2023, 07:41:08 PM

Quote from: Hamza2424 on March 22, 2023, 07:36:33 PM

Not bad amount for start trading brl seriously I have been people with 10$ initial investment or 20$ and want to start trading haha. Your total valuation is 200$ you can split it up into 3 parts Buy and Hold, Backup and

The amount is not bad for a start up in trading but op need to learn about trading before even thinking of entering into the market. The problem that many traders or non traders do make in the market is trading the market when they have no concrete idea of it. We know that the cryptocurrency market is very volatile and if we don't know what we are doing, we might end up losing big from the market.
We need to learn how to trade very well before we enter the market. We can trade with small amount of capital to see how it works and then continue so as we are doing to lose big even though the market turn against us.

It is best to practice with it, you can learn and trade at the same time to get the most realistic experience in trading. Trading only uses the theory without practice is not enough, which means that when starting with the transaction, you need to determine that you will lose that capital, so you should only start with the smallest capital $ 10 or $ 20.

In the case of OP, $ 200 is too much and from his story, I guess he has no job and it is money that cannot be lost. I want to advise him to stop, and find a job is what he needs more. I am quite sure if he is stubborn still starting to trade with those $ 200, it will soon disappear due to losses.

slaman29

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Quote from: xSkylarx on March 23, 2023, 02:35:13 AM

Taking anyone's money, even if it's from your wife, is stealing. I would suggest returning it to your wife and not thinking about the profit. What if you lose it? How would you pay her? I mean you should save from your salary if you are employed, or if not, then discuss it with your wife about your plans so that she could understand. But I noticed also that you don't have a plan for trading; do you know how to trade? Are you already successful in the demo? Also, do you have a strategy?

These days, lines are getting crossed and blurred. There are so few lines left.

Crypto also seems to attract a lot of people with these types of "no lines left" thinking. You see it all the time. Give them free crypto? They demand for more or complain it's not enough or unfair. Borrow money? Don't pay back or pay back later and say hey, it was a gift.

Oh and OP's story is fake, of course!!

Wrong spelling, fake story, can we all point that out instead of feeding idiots?

xSkylarx

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Taking anyone's money, even if it's from your wife, is stealing. I would suggest returning it to your wife and not thinking about the profit. What if you lose it? How would you pay her? I mean you should save from your salary if you are employed, or if not, then discuss it with your wife about your plans so that she could understand. But I noticed also that you don't have a plan for trading; do you know how to trade? Are you already successful in the demo? Also, do you have a strategy?

Dr.Bitcoin_Strange

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After all, it's your wife's money. Even if it gets liquidated, she wouldn't give you much trouble, but I'm concerned about you. You said it was your wife's money and not yours, so what happened to your own money? Because you are not only investing what you can afford to lose in this case, but you are also putting money at risk that you will feel guilty about if the trade goes against you. IMO, the money is too small. In trading, the higher your investment, the higher your incomes. trade responsibily.

GiftedMAN

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Quote from: Hamza2424 on March 22, 2023, 07:36:33 PM

Not bad amount for start trading brl seriously I have been people with 10$ initial investment or 20$ and want to start trading haha. Your total valuation is 200$ you can split it up into 3 parts Buy and Hold, Backup and

The amount is not bad for a start up in trading but op need to learn about trading before even thinking of entering into the market. The problem that many traders or non traders do make in the market is trading the market when they have no concrete idea of it. We know that the cryptocurrency market is very volatile and if we don't know what we are doing, we might end up losing big from the market.
We need to learn how to trade very well before we enter the market. We can trade with small amount of capital to see how it works and then continue so as we are doing to lose big even though the market turn against us.

Hamza2424

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Not a bad amount to start trading but seriously I have been people with 10$ initial investments or 20$ and want to start trading haha. Your total valuation is 200$ you can split it up into 3 parts Buy and Hold, Backup, and Regular Spot account. The amount you can decide it on your own. If you go for the future then Backup will work for you and Buy & Hold will work consider it as a future investment and it will multiply your portfolio also the risk of investment can also be reduced using Buy Hold.

Rengga Jati

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?

Whatever it is, in my opinion, this is an inappropriate start, especially when you decide to take your wife's money, are you sure if the money is really free money that won't be a problem when it's lost?
I think, as a husband, you should be wiser, the desire to trade is good, but you also have to pay attention to other aspects. Not only thinking about how to return your wife's money, but are you really ready with your trading knowledge? Are you ready for the various risks including losing your money?

If that's all and there is no problem, you have to deal with it yourself, try your best to make up for the mistake and return the money immediately. Trading is very risky, and you must continue to learn so you are not affected by fake trading or investments. So that with good skills and knowledge, you can have a better chance to get profits.

Johnyz

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You can start with that capital but it should be your own money to avoid any conflicts.
Don't force to trade if you don't have funds on your own, using a debt money is not good and you might not be able to pay for that. You family are just concern about how you raise the money and its not good to have conflicts with them, better to ask first next time and be honest because that is your own family. Trading can wait until you have the money, so don't rush and don't do stupid action just to trade.

AakZaki

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LOL, is there no other way to get trading capital besides taking your wife's money. The risk is when you make your initial trade and the money is gone, so what will you explain to your wife?

It is better for you to learn trading first without capital, than for you to get two losses at once, that is, the loss of money is certain and you will be integrated by your wife and parents-in-law. There is nothing easy to trade, if you want to make a profit at the same time you need to learn first, but if you want an instant try gambling, it gives you a 50:50 chance.

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