Topic: What kind of crypto trading do you recommend with $50 investment? - page 8. (Read 2508 times)

Basically, transaction fee isn't a problem. He can use altcoin with low transaction fee to move his capital. In fact, no one with such amount of capital will use different exchanges to trade so there would be no transaction fee for him. About the trading fee, well it is cut from the percentage of trades. If he could manage to get profits everytime, there will be no problem. Also, some platforms take 0% trading fee for market maker, that's a plus. So, daytrading could be okay for him.

But, there are lots of speculations on what will happen in Q4 of 2021 which could be a better opportunity for him than to do daytrading.

Avoid trading on that exchange especially don't get attracted by their high return schemes which could end up in a mess because that exchange is well known for bump and dump on their own and make people suffer at the end.

Quickly is always riskier than slowly. With 50 dollars he doesn't have a space for making mistakes, so buying at some point and simply waiting for price to grow before selling and then again waiting for price to drop is what he needs to do. How to get a perfect timing for buying or selling, well what he needs to do is to observe the market and find the possible lows and highs, and to trade according to that.
If he miss a good trade what he need to do is to wait next good moment, not to rush into some stupid trade and lose his money.

What do you think about coins like FTO in Yobit?
This coin has gone up by about 23% recently.

It is possible to gain profit from this coin with only $10 investment.
You can earn $1 profit with $10.

https://yobit.net/en/trade/FTO/USD

I want to monitor the price of FTO and buy it when it went down again. What do you think?

You already have an answer and you can start with it. Indeed, the profit that will you get is depend on your capital that you spend. But, there are many changes for you to increase your capital quickly, you can trade daily if you wish and I'm sure your money will increase quickly if your prediction going correctly. It is good to start with small amount of money for trading crypto, at least it will giving you awareness not to be greedy going forward.

I guess that's probably true, but I would say why even bother trading if all you've got to play with is $50?  If that's all you can work with, my guess is that you probably can't afford to be trading cryptocurrencies and would be much better off if you didn't even try.  Too many people get into trouble by putting more into the market than they should.

I wouldn't even attempt to trade anything with that amount.  You'd be better off just buying some bitcoin with that $50 and holding onto it throughout the upcoming year and adding to it when you can.  That's probably going to be the best way for you to make money.

It's still a waste of time to invest with such amount if OP is serious about of making some profit he must have to increase his money for investment. $5 to $10 is just a dust money and just like you said it was for experiment only on how effective to invest in altcoins with that amount but i don't think it will work to these days anymore.

Because it only Bitcoin has seemed to be the best choice over the others. We know $50 is just of small amount but we can make it big if we are consistently profiting. But all of this will also matter how we manage our funds and look at every opportunity that the market has. If we are not getting satisfied to Bitcoin, we could also consider some potential altcoins.

I think evryone would recommend you to invest your 50$ capital to bitcoin because it is the best cryptocurrency that you could get a good profit, instead of buying coins that don't have a good value. Bitcoin would be really a wise choice because it has a potential to increased it's value in the near future, that is why it is good for a long term investment.

Well, as we all know, $50 is not a lot of money, if we distribute it to many altcoins, the profit from the beginning is low, such distribution will make it lower than ever, so I don't think such a proposal of capital allocation is appropriate, focusing on an altcoin with appropriate fluctuations will help us to make better profits. Besides, we should not aim for high profits but do not focus on low profit levels such as 2% each time, it is not enough money to pay fees, at least from 7% -10%, this is the number that I feel altcoin can easily achieve

I think you are suggesting to him for long term trade which many traders are doing when they have a bigger investment in bitcoin but besides that short term or day trading is also possible in bitcoin. For short term trading the trader have to join a highest volume bitcoin trading exchange and have to buy and sell bitcoin in continuous fluctuation of the price. In this type of trade he will not wait for longer but he can get profit on each sale.

In cryptocurrency trading we have a different choice where do you need to invest our money, it depends on our taste where do you put our money. In trading, we have a different choice first is the short term trading, this one you are investing to your coins to the altcoins this coin is like bitcoin but does not the same value of the bitcoin, and you can earn money using this by daily, weekly or monthly. Next is the long term trading this one it takes a long day or a year before you get your profit this time bitcoin is suitable for this trading because the price of the bitcoin it takes a lot of months or even year before the price becomes profitable. With that large amount of value make sure you are ready to risk all of that money to a transaction, there is a half of a chance you will get a profit.

With $50, I guess you can trade for one or two coins at the market. You can choose binance as a start, and only choose the coins which are in the top 10 coin list. By choosing one or two coins from that list, I think you have a chance to make a profit from each coin so you can increase your money too. I think you can try with trx-usdt, litecoin-usdt, or even xrp-usdt because I have a good experience in trading with those coins. But before you choose those coins, you should analyze by yourself so you can see how big your chance to make a profit from those coins.

Money isn't dragging the matter is that what proportion experience you've got is judged here the unwritten formula of trade is that you simply need to be experienced first but you'll do anything. And if you're not experienced then expecting a nasty time for you is that the best thanks to making the great dedication.

Day trading? With $50?

I don't think that that money would be enough with day trading. Day trading is hard especially these times when we don't know what will happen to the price. With the halving being set up in the next few months, it will become harder to do. If you will be investing in that amount, I think it is better to hold it for now. A week or a month is maybe just attentive to the price movements. For me, that is not enough and I don't recommend anyone trading with that amount. Not only because it is small but also it just gives that you are not certain to what you are doing or what might happen with it.

$50 is small investment but you can manage it if you have good trading skills. Identify what kind of a trader are you. You should find out if you are a swing trader or a momentum trader. A swing trader means that you are trading inside the area of value of a specific cryptocurrency where it is often buying at support and selling at resistance. The trading strategy that you should is where your emotions are suitable to you. Do not just follow some opinions, you are the one who will find out what kind of trader are you.

Personally, it's a good idea for me for you to decide trading it even though your balance isn't huge because every professional traders started from small amount. For the reccommendation regarding which market to trade; since you're just starting then you should trade with huge volume coin which has a less volitality making your trades less stressful. Once you've learned enough how altcoin's price move very effectively, then you may proceed trading non-popular coins which swings drastically from time to time.

You can trade with your $50 but as you said profit will be very low and don't just place that $50 in just 1 coin. You need to spread that to at least   3 altcoins maybe or 2 that way if the other coin that you bought did not give you profits, at least the other coin might help you recover your losses. Don't aim for high profits if you wan't to be safe. 2% per trade is enough.

You may buy a XRP with that price, xrp price now is low and I think ideal to be bought now due to its low price. Just work more for signature campaign or posting in forums so that you will earn more. The bigger your money in your jnvestment , the  bigger you will get in the long way run. Or buy some bitcoin and hold it till next year, I am sure it will have a profit.

This is exactly what I wanted to do with my $50 investment because it requires less risk than daily trading.
As I said earlier, I don't care if It takes a while to make profit because for the time being my main goal is to increase my investment to reach $100 to be able to do daily trading in the near future.

I've collected this $50 mainly by making posts in Cryptotalk and viewing paid ads in Adbtc.top and some other legit PTC websites.
I earn about $1.5 per day now. I started this topic to find a way to accelerate my process of earning bitcoin.

My plan is to earn as much bitcoin as possible to hold it until the 3rd halving in 2020 happens because it may cause bitcoin price to multiply by 10x or even 20x if I am lucky and the history repeats itself! (Like golden days of 2012 and 2016).
I don't dare to buy ICOs or IEOs because they are very risky to invest even if you are a professional traders and most of them turn out to be scams.

In fact I don't trade with exchanges. I have a Perfect Money account for my USD funds and a Blockchain wallet to store my bitcoins.
I check prices to see when is the right time to buy BTC. Whenever BTC price goes down enough, I exchange my Perfect Money USD to BTC through some legit online E-Currency exchangers and keep BTCs in my Blockchain wallet. When BTC price goes up again, I exchange my BTC to Perfect Money USD and receive them in my USD account for the next exchange.
This is the way I trade with BTC USD pair. There are some reasons for this:

1 - I pay less fees because exchanges charge high fees for BTC transfer.
2 - It is not safe to deposit and hold BTC in exchanges because they are prone to hacker attacks. Wallets and accounts are safer than exchanges.