Bitcoin Forum

I'm interested in alt coins and would like to invest a small amount of money into the market. I'm thinking of making an initial investment of around $300-$500. what would be the best way for me to get experience with minimal risk?

There is no "minimal risk?". But I can suggest you to wait for another month before entering the market. Because in the end of the month is coming a possible BTC fork with could lead to very low prices of BTC and then of all other coins.

Honestly you cannot just follow strange people suggestions to start trading.
Do your own research and make other people suggestions as a reference only , that is what i am doing.
Trading in the long run/short time without analysis will feel like a lottery , you will rely on luck isn't it?

You can get experience by making trades with the minimum amount allowed on your exchange. This minimizes risk because the trades are so small. Also, try to wait to buy when the price drops for the coin you are interested in. This gets you a better buying position so you are more likely to sell with a profit.

Yes don't follow the strange person suggestion but think what they are telling and do your own research that suggestion is correct or not. If you get multiple suggestions in the same way, then it should right. I think he is right if you wait for 1 or 2 weeks all coins price will go down. So that is the good time to start your 1st trading.

Trading altcoins require some experiences to make a right call and for beginners don't buy some random altcoins based on others thoughts but learn about those coins and try to divide your funds into several - famous altcoins is the most safest way I think.
Although, top coins are too expensive to purchase but at least it has proven works and rise over time than most altcoins got pumped for a while and then dump for good.

it depends on how much  experience you already have with trading. with small to no experience there won't be any minimal risk for you. everything becomes high  risk.
so if you are new, start slow. take small amount of profit and be happy about it. don't get greedy and stick to low profit but sure profit.
also remember that you should always have a very good reason for every trade that you make. if you are trading based on your emotions rather than your logic, you are already failing.

LOL :D! It really simple if you can keep your calm, patience and adhere the trading discipline, ready with a take loss 1-10%/order depend your profit and the base price you starting. But it's just theory, when trading do that very difficult and need more time to practice!

Find the cheapest coin on bittrex. Buy, hold, sell, retire from trading forever.

Well trading is not like gambling ,you cant lose all , its impossible , i recommend you to buy tokens from ico at 50% bonus or more high , after keep the tokens long time 2-3 months and after cash out , you will get a decent profit for 500 bucks invesment :)

The amount you put will always be at risk because investing here in crypto is considered as high risk investment. However, if you invest what you can afford to lose, losing it is not a big deal for you, just bear in mind that you have to risk to get the reward in the future and suggest you go with long term investment as chances of success is higher basing the amount that you invest.

With $300 or $500 you can get maximum profit only with long term trading or simply long term holding. Short term trading/day trading is full of risk so newbie like you might actually loss rather than making any significant profit. Also you need to have atleast over $1000 to start day trading and you might have to devote more than 12 hours per day in front of trading charts to make any bucks out of it.

Look up some altcoins on http://coinmarketcap.com/, probably the top 50, or 100, depending on how much free time you have and do research on them. Read whitepapers, checkout the community, how active the developers are, everything. Looks like alot of work yea? Well were talking about investing here, if you dont want to end up investing in a shitcoin then better do your own research.

There is no easy road to gain profit when doing an investment and that will goes to on cryptocurrency investment. If all things are just easy task then no way someone will lose in the world cryptocurrency investment.

What you must do is to take care of your portfolio. Monitor the price in daily basis and try to understand some of the factors why price experience fluctuations. As long as you are in that kind of profession, you can able now to put some ways to minimize the risks.

If you want to minimize the risk you have to sell it if you profit even a little, long term or short term it depends on the development of the coin, there's sometimes a good coin for the short term and not for the long term because the market interest is declining.

To get the minimal risk you want, you must gained knowledge on what altcoin investment is all about so yes, you have to do the usual continous trades so that you will experienced on actual.

Professional and expert traders still lose and that is normal. But still they have a good winning stats. That's because with their continous activity they able to enhanced their stategies to deal with all the risks they will faced on their trading journey.

The best thing to invest the money in the trading for is to invest in multiple coins instead tpmgo for single one .
Here I myself when getted into Bitcoin then I found that many coins are increasing but due to problem of the understanding I bought
That coin which was at high price and unfortunately I invested all the money btc in the single and final got the coin at stable priec .
So here I always recommend to every friends that , never go for single coin only , With the investment in multiple coins we lowered the loss of our money or you can say lower the risk of the money to loss .
Here another thing that works greatly in the trading that is own experience , so as much as our will spent your time , you will get earnings in the trading more successfully .

- I suggest you to invest in multiple altcoins rather than only one.
- $300-$500 can be considered as enough money to invest in early stage.
- Find some genuine ICOs selling out tokens right now and invest in them, you can easily make good return with them in short period of time.

speaking of profit, in my experience being on top## lists is not going to make them profitable, it just makes things harder and smaller. for example you can't expect a big profit from a coin with a high volume, a huge supply, and a big marketcap. but you can simply expect a 200% rise from a small altcoin with small volume and low price. and that % is important not the price. because if you invest 1BTC for example in a big altcoin that barely goes up 10% you gain the same profit that if you invest in a small altcoin that goes up 10% too. and they have a bigger tendency to go up 200%.

you just have to find those that have not been over-pumped.

You can pick up and buy some altcoin when their price falls to be around -50% cheaper before the price pushes back up at least you can buy it

Be cautious as you are a beginner in trading, even a small mistake will cause you loss the entire investment. Right now analyze the best ICO and invest into it, with majority of the ICO the growth is assured for certain extent. Wait for the token distribution and trade it, you'll get an capital amount as profit to invest on further altcoin trading.

I would characterize current altcoin market as unpredictable at best. and this means if you want to catch a falling knife like this at after a -50% drop it is best to be ready to throw that knife as soon as you catch it both if it drops more or if it rises back up because the market that I am seeing has a higher chance of bigger drop and entering a dead bear market than it has chance for rising.

for that amount, i will suggest to you to buy bitcoin only and hold it. you can buy right now or waiting for the end of this month so you can buy in cheap price. but if you want to buy altcoin, then there is many good coins you can buy like ltc, etc, eth, xrp, dgb, waves. you only need to search by yourself for the coins and then place your order buy.

Not all coins fall deeper, 50% much time is spent waiting. I think 20% is enough. Taking 10% profit in 1 week is good. Target sales and focus.

first sign up on one of the good exchanges such as poloniex or bittrex and then choose the coin you want to invest in and do it.
the first step is easy, you just check the platform and check their rules and if you liked it you sign up.
the second step however is where things get complicated. you need to choose wisely not based on emotions. find the things that can lead to a price rise and try to speculate the future of each coin.
and most important of all, don't trust anyone. specially those who are saying buy .... most of them are doing it for their own benefits

Explore the exchanges and try to observe the movements of every market don't put all you money on it spread it then observe again . Have a research in coins that you are going to put your money .
Don't afraid to lose go for it because you will learn from exploring with losing times. Havea patience wait for the market to bounceback or to pump /dump.