What kind of crypto trading do you recommend with $50 investment? - page 9.

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Quote from: WLtoys V912 on December 24, 2019, 12:35:41 PM

I know that it may be impossible to trade with $50 capital because it is a very low

You must think positive. You have $50 and the bitcoin price is $7250. you can buy now and sell when the price reaches $13000- $14000. then wait for the price to fall to $9000 and buy again and sell When the price reaches $16000 - $18000 for example. and wait the price to fall to buy again, repeat this process for a long time that you will turn your $50 into more money. Just imagine that if you bought when the price was $3000 and sold when the price reached $ 12000 you would make $ 200 profit and then buy back now at $7000 and wait the price to reach $14000 to double $200. I'm saying this so you can see that you can turn that $50 into more money

ReiMomo

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Quote from: Negotiation on December 25, 2019, 12:07:55 PM

I think you should have enough knowledge about investing before investing Your investment amount is much less. If you trade without understanding it will be very risky. If you want to grow your business a little by investing $ 50 in crypto then day trading will be good for you. You can earn some profit by trading daily. Also, research should be done before investing.

I won't recommend this, what if this won't work and as far as I know this is a very risky idea. Daily trading is very risky and $50 is a small amount to start with. Remember that there is a fee to cover the fees when transfer your bitcoin into exchanges. Probably I will recommend to hold and invest in bitcoin in long term purposes and long term trading I guess that is much better than daily trading especially if you are a newbie.

Negotiation

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I think you should have enough knowledge about investing before investing Your investment amount is much less. If you trade without understanding it will be very risky. If you want to grow your business a little by investing $ 50 in crypto then day trading will be good for you. You can earn some profit by trading daily. Also, research should be done before investing.

dunfida

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Quote from: joniboini on December 25, 2019, 12:38:39 AM

Quote from: WLtoys V912 on December 24, 2019, 02:37:58 PM

Now if we subtract half of that $2.5 for fees, the remaining amount would be $1.25
That means around $1 profit. What do you think?

Before you assume this and that, how good are you with trading? Trust me, deciding when to enter and when to exit is way more difficult than setting a target to get $1 a day, especially with just $50.

Lending is probably going to give you better & predictable interest but it will take way longer than day trading.

Lending would an another story though but a considerable option to take rather than risking your money to trade when you are just new.
$50 isnt really that big and aiming for $1 on constant basis? As said even trying to predict on what would be the entry price would be
the hardest part.It might sound or look to easy but when you are already in the field then for sure you would able to say that
buying low and selling high isnt simple.

davinchi

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Now that everyone basically said "you can't make much with 50 dollars" I would like to thrown in my hat and say that maybe you can do a lot more risky investments with that kind of money? I know it looks like 50 dollars is not much but you have to remember not all of us come from countries that have 50 dollars as 2 hour minimum salary, we call one days work most of the time and sometimes even not that much.

So, 50 dollars is a good sum in many places of the earth however in crypto you can't make it double or triple that quickly to make a change, usually you are lucky if you make 100% in a whole year. That is why I would assume if you invest into an IEO right at the correct time and get out very quickly, you might have a chance, you can also lose all your money but that is a risk you have to take.

FLoving

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Quote from: Hamphser on December 25, 2019, 11:29:47 AM

Quote from: rijaljun on December 25, 2019, 10:58:48 AM

I would just buy Bitcoin and save them, and buy $50 worth of Bitcoin every month until Q4 2021 and see how many profit I have made. That would be the easiest way to earn profit, and making money doesn't always mean you need to trade everyweek, everyday or everyhour.

Yeah, i would do that too but the fact that the money the OP has with him is just too small. As a capital for investment it is not enough to make a good profit because it might be eaten already by the transaction fees if he's going to trade. Even if he buys bitcoin that would not be enough to make some profit if he do able to hodl for a year.

In the OP he mentioned that he will like to go for BTC but in that case I agree with you that he will not be able to manage the transaction fees etc. But if he will choose to trade in altcoin then he do not have smaller amount as at my first trade I took start with $5 or $10 or something around that amount to test that how it work and I started to earn effectively with that amount. He can start his testing phase with that amount easily.

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Quote from: rijaljun on December 25, 2019, 10:58:48 AM

I would just buy Bitcoin and save them, and buy $50 worth of Bitcoin every month until Q4 2021 and see how many profit I have made. That would be the easiest way to earn profit, and making money doesn't always mean you need to trade everyweek, everyday or everyhour.

Yeah, i would do that too but the fact that the money the OP has with him is just too small. As a capital for investment it is not enough to make a good profit because it might be eaten already by the transaction fees if he's going to trade. Even if he buys bitcoin that would not be enough to make some profit if he do able to hodl for a year.

FLoving

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Quote from: WLtoys V912 on December 24, 2019, 12:35:41 PM

Hello dear members,
I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.

I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future.
I prefer working with bitcoin.

What is your idea about this?

First you have to join the news channels about the cryptocurrencies and have to study about different coins and when you come to know about a coin that there is something great going to happen in its development or any good news is going to come about it then its price will definitely start to rise. So you do not have to put your money in that coin but try to keep your eye on that market and when the price start to increase invest in that coin. You will earn a good profit with that little amount.

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Quote from: khaled0111 on December 24, 2019, 05:30:49 PM

Even with day trading, making small profit is not guaranteed.

Well definitely he is not appropriate for day trading for the moment since he is just a beginner that is why he is asking for recommendation.

Quote from: khaled0111 on December 24, 2019, 05:30:49 PM

Quote from: WLtoys V912 on December 24, 2019, 02:37:58 PM

Suppose BTC price is $7000. I buy $50 worth of bitcoin = 0.007 BTC
Then some hours later, it rises to $7500. Then I sell my BTC to earn USD = $52.5

But this is not always the case.
Cryptocurrencies are so volatile that it is very hard to determin the entry/exit points even for experienced traders.
What if you buy bitcoin at 7000$ but the price keeps dropping! You must have an alternative strategy to recover your losses.

$7000 to $7500 in an hour is possible however it does not always sticks at that market rhythm, there are times that bitcoin is doing as what we think inversely making it too volatile. What I can recommend is try the demo account first, there are some platforms that has this, and try to limit your funds in $50 then trade like it is your real money.

rijaljun

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I would just buy Bitcoin and save them, and buy $50 worth of Bitcoin every month until Q4 2021 and see how many profit I have made. That would be the easiest way to earn profit, and making money doesn't always mean you need to trade everyweek, everyday or everyhour.

leowonderful

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I sometimes make leveraged trades with low investments, but if you're asking the question of what to do with $50, then I assume you're a newer trader and I highly suggest you avoid leveraged trading for now for reasons like there being much higher risk with leveraged trades in addition to the potentially high rewards. You also have to ask yourself if it's really worth the trouble of trading for potential profits of perhaps just a few dollars on good days if you're starting out with $50 and you're making trades with appropriate risk-to-reward ratios. Your time might be better spent doing other work until you have more money to work with. Not trying to discourage you from trading, but think about that for a second.

acdc

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Quote from: WLtoys V912 on December 24, 2019, 01:22:54 PM

Thanks for your answers. As I said earlier, I don't care if I don't earn high profit in the beginning. I'm very patient and even $1 profit per day is enough for me.

$ 50 is very small, but if you invest properly and add a bit of luck, you will certainly make a profit. However, $ 50 and making a profit of $ 1 means that 2% a day is a huge number and few people in the cryptocurrency market can do that.
I think for $ 50 you should invest in a new currency and wait for it to appreciate.

GreatArkansas

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After that some advice above. I conclude that the OP seems likely expecting that trading is easy money that's why he/she asking about crypto trading.
And correct me if I am wrong, when you do trade, is that not investing right? Investing is different in trading. Since OP said on the title of the thread: What kind of crypto trading do you recommend with $50 investment? , it's likely he/she telling about investment. So, that's kinda difficult and RISKY.
If so, then maybe the OP can try some user-friendly exchange like Binance if he/she still doesn't have any experience in trading.

Murat

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For me, 50$ is a good amount of money for crypto trading, if you can make a plan to participate in the short term trading then I think 50$ would bring to you another 50$ within a day, forget everything, only Bitcoin could make you rich if you can maintain very carefully, Bitcoin is the most desirable cryptocurrency for me because it's value still dominating over this system, so you may choose Bitcoin for your purpose, I also think that short term trading is the main game for making money within a short term because it contains a high risk. the more you take the risk, the more you get the result.

Darooghe

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I think capital is the most powerful thing you can have. It lets you trade differently, with more options, less risk, and more time to turn losers into winners. It's why percentages are useless to talk about. It's why trading strategies don't scale across account sizes. The way you trade at $50 won't work at $500, and it's different from $5,000 and 50,000 USD dollars. It's also why it's not worth it with small accounts while it can easily replace your job with higher amounts. lack of capital, misaligned strategies, and poor risk management are the main reasons why people lose money. thereby, don't rush for trading with small capital.

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Quote from: WLtoys V912 on December 24, 2019, 12:35:41 PM

Hello dear members,
I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.

I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future.
I prefer working with bitcoin.

What is your idea about this?

Why impossible ? i started my trades in 2017 with only $10 capital and it's already growth more than 100x by now. Trading in cryptocurrency is not needed much capital that's why it's so popular because the ease of access the market and small capital made everyone could trade anytime and anywhere with internet connection.

vintages

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$50 trading is kinda low for trading. And the truth is, since you don't know much about day trading, starting your trading journey with that money equals waste with zero profit.
I am not trying to discourage you but just saying that you should try 'test trading' with some cheap shit coin to know what it is like to trade.
And at the same time, hodl that money and find another means to make money. That $50 can bring bring you no or less profit is you ain't doing anything beside that.

drlukacs

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Quote from: WLtoys V912 on December 24, 2019, 12:35:41 PM

Hello dear members,
I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.

I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future.
I prefer working with bitcoin.

What is your idea about this?

for $ 50 you trade will not bring too much profit compared to your effort. so, I recommend investing in alts outside the top 100 of CMC. because most of those alts have small marketcap and strong pump ability is available, such as RET, Energi, banano, ... all have pumped about x4 or x5. but it's all in the past, now I'm investing in bitcoin2, it's no longer using the PoW algorithm, it's using PoS. Its price has once increased to $ 36 this year and in 2020 will soon cost more. I bought quite a lot now at the price of 0.7 $ and now its price is nearly 2 $. We can obviously expect it to rise again to $ 10.

StephenieDuong

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I think margin trading is the best option to start with low investment. I have also try 100$ in margin and now it turn to 140$ within a month. I know it risk but this is great option to start with low investment, just learn about trading and keep focus then you could make some money from margin.

Karmakid

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It seems a small amount to other people to start trading with a $50 investment but it is a big step for a starter. Do not consider that $50 as an investment in cryptocurrency, consider it as your investment to yourself because you will learn a lot of for sure with that $50. You can try exploring and learning how to do cryptocurrency trading at Binance which is a popular trading platform and just deposit your $50 there and only choose the altcoins that have a volume that can provide liquidity, don't trade low volume altcoins.

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