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Title: Will cryptocurrency makes millionaires now even invested with smalla amounts Post by: Smpdytz on November 30, 2017, 05:42:16 PM For get a good profit in cryptocurrency field ,whats is the minimum amount we should invest ?
Title: Re: Will cryptocurrency makes millionaires now even invested with smalla amounts Post by: lucifochrome on November 30, 2017, 06:03:44 PM The number one rule in investment is to just invest the money that you are willing to lose, This is applicable in bitcoin as well, For example if you have a million dollars and you don't care what could happen with it then you can invest that in bitcoin, but if you just have like 500 USD then that is a pretty good amount, sure you can't buy a bitcoin but still you can have a part of it and then you can just trade.
Title: Re: Will cryptocurrency makes millionaires now even invested with smalla amounts Post by: adzino on November 30, 2017, 08:40:00 PM For get a good profit in cryptocurrency field ,whats is the minimum amount we should invest ? There is no minimum amount here. The more you invest, the more profit you will be getting. With more profit, comes more risk. So if you are willing you risk a portion of your savings by investing on bitcoin, then go for it. Even a fraction of bitcoin can get you a good profit in the long run.Title: Re: Will cryptocurrency makes millionaires now even invested with smalla amounts Post by: fuckcrypto on November 30, 2017, 08:56:16 PM buy and hold
Title: Re: Will cryptocurrency makes millionaires now even invested with smalla amounts Post by: avikz on November 30, 2017, 10:59:36 PM Investing like blind in to crypto currency will never make you a millionaire. Instead a proper investment plan can work well for you. I will suggest you to use "Systematic Investment Plan" or SIP method to invest in cryptos. This kind of planned investment will help you to lower your portfolio risk and maximize return. Invest a certain amount of money at certain interval. This will help you to achieve dollar cost averaging on your portfolio. A little google search will let you know more about this method.
Secondly, never rely on a single asset, always diversify your portfolio. Don't invest only in bitcoins. Try to buy some other altcoins like ETH, Dash or whatever you feel great. It is a very good method to invest and it will help you to stay afloat during hard times. Relying on a single asset can hit your hard financially during the bad times. Title: Re: Will cryptocurrency makes millionaires now even invested with smalla amounts Post by: Slow death on November 30, 2017, 11:34:26 PM For get a good profit in cryptocurrency field ,whats is the minimum amount we should invest ? The more money you invest the better. I read that a guy had invested $50.000 and earned $400.000 and he traded with that $400.000, he says that he makes good profits, I've already forgotten where I read that, but the truth is that you need to have a huge amount of money to make a decent profit, for example if you have 1 btc or more than 1 btc it will be very good to start for you to become a millionaire you would need to invest a lot but a lot of money |