Bitcoin Forum

I am new in the crypto economy. I have a $100 I want to start investment with. I am considering just buying few fraction of Bitcoin with it. But someone advises me to consider Altcoins. I'm a little lost and will appreciate any candid advice from more experience crypto players. Please, advice me on where to put it for profit maximization in the short term. Thank you.

Since it is a savings fund, i would reconsider going into investments, since you are starting in investments, please read financial books regarding investments, you should also know your risk appetite, if you are willing to give all your savings to cryptocurrencies, be ready of ita high gains,and also high depreciation, but be sure to save on rainy days reconsider to just invest a percentage of your savings funds,  so that you will still have money in case of emergeny, but in regards tp what cpin you should invest on, still bitcoin will.be a great invesment for cryptocurrencies.

I cannot guarantee you that for now buying bitcoin is a very good idea. Why not start with free coins first? since you are still new to this industry. Why you should have to start as a free user? Simple because you still need to learn a lot of things and eventually a free user is the best thing to undergo in learning the process.

Are you okay to lose all of it? If so, buy altcoins.

If i is not a significant amount for you then you can read some threads from spculation section load like up to 30$ to a good exchange and start trading in shamm amount. Once you make a good result then add the rest of the money and start trading (or investing it to ico or forks).

Buying Bitcoin always is a good idea. In long term the price will increase very much.
It's a good idea to start to earn Bitcoin. But first invest the money you have in Bitcoin. You will not regret. Even the price decrease in a short time, Be sure that in long term, All bitcoin holders are winner.

Everyone will say just buy BTC, then wait. You'r probably not in for that. What should you do in my opinion is this. Create offline wallet, get that address and put it away (put private key on usb and give it to parents or someone you can trust) but save public address. Put 50$ on that address now and use other 50$ to trade some altcoins on exchange. With profit from trading, deposit let's say 40% of profit on that offline wallet. Trade with rest. Repeat.

Why do that thing with offline wallet you may ask ?
Well you mentioned that you are new. When buying BTC you are looking in long term profit, that means months-years. If you see price drop let's say 30% you'll get scared and started selling. That's first thing newbs do. By not holding private key to your savings wallet that is not an option, and in a let's say 6 months from now, you'll see profit :)

Try to invest it in trading. Buy some cheap coins then do a day trading or short term trading. Be carefull price might change frequently you have to monitor it everytime because once youre not you will skip the oppurtunity. Thats the thing that i know and i thought that make your money have profit.

with very high bitcoin price if to buy bitcoin with $100 you will only get a bit bitcoin it would be better to buy altcoin to get short term profit. I think the investment is aimed at making a profit in the long term or maybe you can invest into ico project for short term investment.

If you want it for short term it would be good to invest in alts. But short trading is very risky and you should be very careful with your call trades. Just don't go all in in one alt. Do your own research or ask some people you know who is trusted which coin can give you good profit. Trading cryptocurrencies are profitable yet risky for newbies. 

If you are new to crypto then stay away from altcoins trading. You don't know how the markets work in it. Risky and the chance of you losing because of your in experience is very high. If I were you I will just go all in in bitcoin and forgot all about it in about a year. That is a long term investment and its very safe. And once you mature enough and have knowledge about the the complicated world of trading then you can probably withdraw a portion of your bitcoin earnings and go into it. IMHO.

About altcoin you are a little wrong. Even a beginner can deal with some actions on the stock exchange. But before you start touching some coins, you need to make sure of their perspective. If for example to take a token of some company, then it is necessary to study the information not only about the company, but also the trends of growth and falling prices for this coin. Then it will be possible to say with confidence that there is an opportunity to invest and earn money on price fluctuations.

Dude you have to wait until btc go down then buy some btc and start investing in altcoins to collect more.
don't buy right now.

Important is the volatility of the crypto we invested, if as in one day Bitcoin change from $ 3000 to -> $ 3300 you will have profit high than 10% in one day! So, don't think small amount money can't invest to Bitcoin :).

But I am not believe in the price bitcoin that its price will not go down again because its price is goes to forward increasing daily basis and i think it is impossible to its price goes to decrease low. In the month of July when we said that the bitcoin price will goes to again low in these time we were afraid of segwit, but now its is impossible to price goes to decrease. So if those person buy bitcoin he has no wait to low price.

With such a small amount invested into bitcoin what you gain is very low though you get a promised profit after days or within no time as the price continues to fluctuate with time. Better is to actively participate to make continuous buy and sell order even when the profit you get is less than $5. This might add up a good value by the end of the day.

I doesn't work like that. I mean you buy bitcoin now for $100 which will give you around 0.03btc. You wait few years at wait for miracles like bitcoin hitting an enormous price of 100k by coin. You proudly sell your 0.03 and you get $3000. Do you really consider it a win? I mean, waiting like ten or so years to get 3000? You can get a job and get it in a month or two, but not wait and hope for bitcoin to hit 100000 per coin.

I know that everyone is so hyped and believe in bitcoin so much, but stop thinking and spreading false hopes that if you hold your $100 worth of bitcoin you will wake up a millionaire one day. It may have worked in 2011 but not anymore.

Well its a good start for anyone. You wouldn't want to risk starting with a big amount when you're mot yet that efficient with what you're doing. Small amounts are better for starters so in case you make beginner mistakes, its not that hard on your funds.

Its better to invest your 100 dollars in altcoins like the price is lower than 10 dollars. I think the best altcoin you buy is waves because that coin for sure you will earn big profit after few months of holding.

$100 can't be considered quite significant amount to invest in cryptocoins. However you can try your luck with it, buy atleast 50$ worth of bitcoin, 30$ worth of ETH and 20$ worth of ETC. I am also holding these coins in same ratio but amount of investment is quite higher than 100$.

Thank you very much for the advice. It's very helpful. I have read some books on investment generally but not yet much on cryptocurrency investment. What book can you recommend on Bitcoin and Cryptocurrency investment? I want to start the experiment with this little savings, notwithstanding the risks involved. But I would want the risk to be minimal.

You can buy an altcoin with tbis cheap pruce of alrcoin. You can buy waves , ICN, and also the taas coin. Because you have only 100 dollars so you can buy limited altcoin only. That altcoins for sure gives you profit but you need to hold it for few months or years before you earn money. But still good because possible your 100 dollars become thousands dollars in the future. The decision is your if you invest to this altcoin or not.

Wow, good advice. Thanks a lot. Please can you recommend some of the free ways a newcomer can start earning coins before investing from his pocket. Cheers!

The same advice I'll say with the one that advised you to buy alt coins. The price of bitcoin now is high and that $100 will not have that big impact to you. It's better to grow that with some alt coins as the phasing there is faster than just buy bitcoin and hold it out. So this is what you'll do, buy bitcoin at $100 then convert it to any alt coin you want.

Really? This is scary. What's your advice please. I am not ready to lose all. It's a little savings I want to multiply, not to lose.

There are advice above that i think it can help you to not lose it all so invest your $50 and the $50 usd is for altcoin but i can't guaranteed you if what altcoin is the best
Better to check this coinmarketcap.com and you can almost see all altcoin for me most traders who can make profit are those people who are investing in top 20 altcoin in coinmarketcap than you are investing in ICO coins that i think almost all are scam so trusted altcoin much better to invest because there are times that the price is increasing. .

Yes . You have so may choices on which if the coins you will put that money. You only need to look unto it and take advices on others. You need to find a cheap coins now and hold it until it will pump just do what traders has been doing. Hold your coins now buy it when it is low and then sell it if it is high.

Im assuming that you want to start trading immediately right? . Starting with 100$ capital is good enough to learn how to trade and the coins that will be suitable is altcoins that will fit to your budget. But if your'e going to read more here in this forum and explore. You can try starting to join signature campaigns to earn bitcoins so there's no more problem about the capital. Just read more information here in the different thread.

If you want to invest it in a defensive way then you can choose at least 4 alt-coins and invest 20% of your capital in each alt-coin and rest 20% capital in Bitcoin. It is highly recommended not to keep all the eggs in the one basket so diversification would help you to control any possible loss which might occur due to any issue of the crypto coin in which you have invested. However, be careful while choosing those altcoins because not every altcoin is a genuine and thus investors lose their investments.

100$ is not a big amount, so I assume you are not looking to grow it slowly and conservatively, but hoping for a quick 100x payout. I would say you won't get that in Bitcoin or Ethereum quickly, as those have already been hyped for years. You could try your luck with one of the new altcoins, if you can get in initially while few have heard about a certain coin, and then it somehow becomes popular, you will be looking at big gains.

The only problem is "somehow" bit - we cannot really predict which coin will become popular and which will wither away...  So it is a bit like playing lottery.

But when is high price? Haha, we need have a clearly target, because our greedy will increase more while the price of our coin trading has pumped. That is reason make us always miss highest price ::)