Bitcoin Forum

Hi, everyone. let's assume I have $100 I can afford to lose, what can I trade more profitable, bitcoin or ethereum and other relatively stable altcoins? as I understand I need to pay big transaction fees every time I trade bitcoin, am I rigth?

USDT/BTC works well even in low amounts, so I'd probably go that route. There are insane gaps on prices day in, day out so you'd potentially make much profits on a volatule market compared to quiet, stable ones. Also, trade fees are 0.5%-1% on most exchanges, so nope, you wouldn't get ripped off on trade fees.

USDT/BTC works well even in low amounts, so I'd probably go that route. There are insane gaps on prices day in, day out so you'd potentially make much profits on a volatule market compared to quiet, stable ones. Also, trade fees are 0.5%-1% on most exchanges, so nope, you wouldn't get ripped off on trade fees.
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interesting, thanks for the idea. can you recommend where I can trade usdt/btc? I don't really understand what that usdt means

there're a lot of places to do that trade,
USDT mean USD in digital form aka Tether.
you can check it in here :
https://coinmarketcap.com/currencies/tether/#markets

Transaction fees indeed 'quite' many,but it will only work whenver you do the transaction not the trade.
if you do the trade you will get something called 'Trading Fees',
so Transaction Fees only work whenever you're sending you money from Exchanger A to Exchanger B.
Trading Fees only for trading,and the majority will take around 0,5%~1%.

for now i suggest you to buy Bitcoin and hold it at least until the end of this year,
because if my calculation was right,we should see another bullrun until we're listed on CME

when you want huge profit then you shouldn't be looking for stability!!! you should instead look for massive "upwards" movement or a big rise or as we call it a pump.
many altcoins are like this, but the question you should be asking yourself is that which is like this "now". then if you found such coin, invest in it and get the big profit.

you invest in bitcoin for a long term investment because it is a solid one and will give you profit in long term for sure. that is not true for any of the altcoins including eth.

no, the trading fees are the same on the same platform. I don't know any exchange that charges different trading fee on different markets!!

The safest currency you can invest in is the bitcoin that produces impressive long-term profits.

Now, if you want to make a profit and earn a bigger profit, choose an altcoin that is still starting. Analyze the project and invest a good value, such as 50% of the value you own, for example, generating a very high profit.

The other 50% you can buy in bitcoin for guarantee

At the beginning I would stay with stable currencies like BTC, ETH etc. After a lot of research and monitoring you can step in with the others looking for those 10X  :)

Stable coins are bitcoin and ethereum, it is the most recommended coin for trading of a beginner like you. Stay away from shit coins if you dont want a headache :) Even if you don't get too much profit because their value is already at high stage, still i'm confident that my trading is safe with bitcoin and ethereum.

Well, it is best if you try to join in some groups of signals. In there you can get some signals regarding on what good altcoin to buy. For easy profit. In two to three days you can double or triple your 100 USD.

Yes the transaction fees are quite high and it is killing the traders with low capital. I suggest that you invest your money in a good ICO and wait after a few months or in a year. Coins from ICOs are really profitable to hold. Examples are Ark and IOTA. They shows a massive growth since they were released in the market. All you have to do is research on what is the best and profitable ICO for long term.

So that means I can trade btc, say, 100 times but within an exchange I will not pay any transaction fees, I will only pay them if I decide to move those btc from exchange to my wallet?

Thanks for suggestion, I'm not gonna trade right now. I still know very little. So I need a month at least to learn a thing or two about trading

Good advice, though I don't think I can make it right now. Most probably I will lose it all. I wanna try something less risky for now

USDT is just there just so you won't be losing USD when btc is falling and then again buy back when the price starts to climb up again. a Newbie has gotta be careful to pick which exchange to trade, it always matter putting your balances in trading and funding account.

Assuming you want to trade the whole amount, I will not recommend usdt/btc pair as you might not get a high return. I will suggest to go for a strong altcoin with high volume. Or you can go for a low volume, high spread pair which will return more percentage wise.

Maybe if you want to go for something less risky to invest in, you must invest it in Ethereum I would say. Ethereum has potential to grow more in value in the near future. Many say it can grow like bitcoin had grown in the past years. Ethereum would be somewhat a safe bet now its value is somewhere near 320$. Most important if you are ready to forget your investment for some time I mean you have to be patient if you invest in Ethereum because the longer you can hold it the more profit you can get out of it.

You don’t pay a transaction fee for trading. You just pay a small fee for the trade that is a percentage of the principle amount that you are trading, so it doesn’t matter how small your trade is. It’s not like trading in the stock market where you may have to pay $15 per trade no matter how much your trading. In this case you’re just paying less that 1% per trade. I think it might be somewhere between 0.15% and 0.25% per trade in the fees. You need to look at the particular exchange you’re interested in to see what there fees are.

That's great. thanks for the clarification. But how is this possible? miners process transactions on exchanges for free? can't understand that thing. or miners don't process them at all

if you are willing to lose it all, trading is not the right place to get a quick profit, but you can try to switch to gambling .. because there are two possibilities that you can .. you get a big profit or you lose it all .. one of the keys is, you should not get carried away emotionally

If you do try to read up on what op's asking then i would say he wont really go for gambling since he do mention about trading and suggesting him to play gambling isnt really good at all.I would rather choose up on losing all of my money on trading but i do make some learnings on it and would benefit me for longer runs compared on gambling itself. For $100 capital it would be hard on doing shorting because fees will kill you for sure and its better to invest or buy those amounts on altcoin.

I'd start with BTC/USD as was said previously

I suggest you to check youtube videos, see the channel of DataDash

Op, I will advise you to invest your  $100 into Bitcoin since you are afraid of losing your capital but it may not bring out huge return on investment since the amount is too small and with a short period of time. But you can invest in Bitcoin for long time period for you to maximize huge profit on your investment.

I would say to begin with put you $100 in BTC and hold it on an exchange, do some research on basic trade patterns and ensure that you have a tab set up for upcoming news releases within the cryptocurrency area. To begin with, instead of placing long/short trades simply just buy into a currency that looks reliable, has good volume and has ideally recently released a positive bit of press. This will minimise your risk and can most certainly lead to good returns. 

Go for bitcoin, the phasing of increase and decrease is very quick. Since you avail to lose that amount, when there's a 1.xx% - 5% decrease of bitcoin that will be an indication of getting in. And wait for several hours and you'll be good to go and use that $100 for buying your few mbtc's. The fees on bitcoin now are just ranging from 0.0001 BTC and if you'll use blockchain.info customize fee, the lowest is 15 sats/b but I don't advise to pay that low, it will take a lot of time before it gets confirmed.

I dont know what would i do in your place, but neo is one of the most profitable altcoins that you can buy at the moment.
But honestly, 100 dolars is not a high amount of money and you can not even do anything with that.
If an altcoin goes up by more than $5 each, you will be earning pennies if you have some of that one. So better to hold that money on bitcoin until you have a good balance and then start trading with a nice balance.
Otherwise you will only lose your time in order to earn $1 a day..

I assume then that $100 is just an example so i think OP has a greater savings to invest either bitcoin or altcoin. Bitcoin is on the top now so it would be a great opportunity and might earn a good profit if you had a lot of experience on trading but if this is just your first try. You can consider it as a payment for your learning so that next time you will be able to learn more and the pays if going to be less but if you are lucky enough to hit and earn any profit from trading, it might be a good sign that you are a fast learner.

Yes. if you have such a small amount. Just buy BTC and hold as long as you could. Because it seems 100 is such a small amount whcih I assume you could afford to lose :)

Do not mind the fees. Whether you like it or not, you will always be paying those. There is no way you can avoid transaction fees. Plus, they are not really a big deal. What you need to do is to learn to choose the right coin and enter at the right time and then exit at the right time again. I think you need to watch their past movements and patterns and check for updates and news and you may start with that. You can choose the stable and the unstable ones for as long as you have some brilliant bases as to when to enter and exit.

I second staying away from altcoins when you are a complete beginner in trading. The worst thing you can do is buy a bunch of an altcoin without doing proper research. At least with Bitcoin and Ethereum people know they are legit and backed by big corporations.

100$ isn't that much to give you a good profit. I think you should invest in some new ICO project because you can afford to lose it.

There are tons of altcoins. Almost all of them are shit ICO and it's almost impossible to know which is legit ICO. i don't agree he should investing his money while he is still a beginner on here. Just invest in some popular coin (bitcoin & ETH) for best

Its better to invest your $100 on BTC because in what I see bitcoin will keep pumping every year.