Bitcoin Forum

Hello all,

I am a pretty young investor who has just found his way to the cryptocurrency market and was wondering the best ways forward. I don't have a relatively high bankroll(only $100), but I am willing to wait for my holdings to grow. I'm not really looking for a get rich quick but just a solid investment that would yield more that 5%. I was wondering what your guys opinions would be for me to move forward. I have around $20 in bitcoin which i bought at $2100 a few weeks ago. If you were in my situation where time was not a big factor what currencies would you invest in? I have heard from friends and colleagues that Litecoin is on the way up but they didn't have any reasoning just a gut feeling.

Thanks,
Beastley5

you are already doing the first step correctly. to start small.
also you did the second step correct or accidentally and that is buying in a dip.

as you can see from my name i am a hodler. i am hodling bitcoin and will continue to do so because it is a very profitable investment and has a good future. at least it has a pretty good chance of growing.

to grow your money meaning to turn that $100 to $200 and then $1000 and so on. you need to have patience. don't fall for the hype. make good decisions and that means each trade you make you have to have a good reason for making it not just based on your emotions. try to find out what makes the prices go up and what makes them come down.

after you buy an altcoin then start thinking about when you should sell it. if your decision is after 5% then make sure you do that when it is reached. if is 100% then make sure to do that.
also having a stop loss is a very good feature that can save your ass.

and finally the same as second step, buy in the dip and never buy on top. specially in an altcoin that is in a bubble.

To be honest, if you are just looking for something more than 5% per year then you shouldn't be in crypto... crypto is very risky. You can get a much more reliable return over 5% with big dividend stocks or real estate investment trusts (REITs). Mutual funds/index funds are a good option too. With crypto, you might double your money or cut it in half.

Also crypto is very high right now and slated to start moving downward. All coins are likely to decline soon as Bitcoin and the other leaders are extremely overvalued.

In a much simpler words, buy low, sell high. Also trading is not an intelligent guessing like some may say since you can actually predict whether it would go high or down low though not 100% together with the right knowledge and information then you can do it.

You are lucky you were able to buy at $2100. Now it's around $2700. You can hold for now and wait for btc to grow more before you can sell or sell now and buy cheaper but promising altcoins. Research and studying the trend is key

Those are saying that the crypto is 100% speculation and it will be involved the human's intelligence. With the market intelligence and the sentiment of the market, you will be able to make a prediction about the market direction with almost real accuracy. I mean almost true or near of your prediction.

To begin with, people who are trading cryptos are just mere speculators and no one really knows what direction would we be heading in the coming months. The thing in trading is that you need to gather all the information you need to know (news, current events, etc) before placing your positionin the market. After all, it is your money that you're working on and not other people's money which is why you need to work on it. Also the best advice is never believe in someone's speculations no matter how versed they are in crypto trading jargons. You have to do your own work and just get some little bits from the professionals but never take it fully.

Best of luck.

OP is saying he is young, probably underage too. and he said he has $100 to invest. i don't think you can even invest such a low amount into stocks or real estate investment trusts, ... most of them will laugh at you if you bring up $100 as investment :)

All the thing I could suggest to you is, just keep holding what ever you have in bitcoins and try to add some more into your stash. I mean to say for time being just forget about active trading but keep on engage yourself into passive trading : buy and move into cold storage and forget for some times.

In my opinion, you do not need to move into any other altcoins, just focus on earning bitcoins with different methods. Earning bitcoins = buying bitcoins and holing them = passive trading. There will be a good time will arrive for profit booking till then you will be have more time to add more bitcoins through earning.

This is not about actual trading but when you are not blessed with enough capital, this must be the right way to have bright future.

Why not try arbitration? It's fit for you who not find quick money, plus it's low risk, you just need to monitoring your transaction and find reliable exchange.

If you buy and hold bitcoins, you will probably gain more than 5% per year. So the question is when to buy more or whether you should buy altcoins instead. Unfortunately there is no clear answer. I would suggest waiting for either Bitcoin or one of the major altcoins to drop more in price and then buy whatever is low.

I highly recommend if your are only a beginner you should start at joining in a signature campaign. There is the where you can gain bitcoins, and start saving it. Then after that start investing in or even trade or gamble if you want to. But for me, I will invest it because the value of it rises from time to time. And when the right time comes, You should exchange it into a real money then start a business.

Even $20 is good enough to make a profit. These days there are lots of altcoins that are selling for very small value. You could invest on them. As you stated that waiting with patience is not an big issue. So surely you can profit big in the future. If things didn't work as expected too, it's not gonna affect you big as the investment is very small.

Since you don't want to take higher risk, the best way is to continue buying in smaller units with higher frequency. Bitcoin is still in the early phase so I believe there will be many opportunities to buy bitcoins at a lower level in the coming months and you can hold it for the long term. While talking about alt coins, I think ETH, LTC is promising options. However is strongly recommended to do your own research before investing any penny.

Yes, OP may get some overview idea from here but final decisions should be taken based on own responsibility along with research and analysis.
Because I do not think there will be no need to move away from bitcoin investments as bitcoin is alone having more guarantee to get good returns compared to any other cryptocurrencies. But diversifying must be a good idea but it should be done only by own decisions.

I still prefer to buy BTC or Ether right now. But for BTC I would recommend you to wait until the 1st of August and then see what happens to the price. Right now I think the best option is to get a few strong alt coins like Ether or LTC just in case, and hold them.

I agree especially if you're just starting up. And while you're holding to these coins, try to observe also the movement of the other smaller altcoins. If you have a few extra satoshis then you can practice trading with these coins for a small amount just so you get all the basics and experience

Invest only as much as you can afford to lose that's more true for cryptocurrency. The volatility in the prices of cryptocurrencies may cause you to gain huge or lose all that you may have invested. There's not any other business where there are so many uncertainties as in cryptocurrencies so invest wisely.

Whichever coin that you choose to buy and sell, always make sure that you buy when the coin is at the rock bottom price, and never sell unless you have made a profit. Don't let the urge to panic sell take over. Have patience and wait for the price to go back up, and over your purchasing price before you sell. You might have to wait an hour, a day or a week, but do wait. Even if the price dips after you buy it, you haven't lost anything unless you panic and sell it.

I would suggest you to invest your amount in an upcoming good ICO and i am sure you will be happy by the result because all of the crowd funds i invested gave me a good healthy profit throughout the years ,some of the coins you might wait for a longer time to get the desired profit,but most of the coins will give you instant profit.

Here's the biggest thing when it comes to cryptos, the money that you put in now could be worth nothing in an instant. The amount of volatility that you're exposing this money to is actually insane-- like comparable to the 2008 mortgage meltdown when the stock market crashed insane amounts in one day. So if all you're going for is around 5 percent (guessing yearly?) you could just go ahead and setup an account for an index fund which is going to be following the US stock market. Given you're going to be up for selling that Bitcoin and going into the stock market, you're going to be getting less risk and less reward but I'd rather do something like this then get into a red hot bull market which is probably just going to come crashing down at any instant.

You do have a small bankroll or capital and my suggestion is try to be more aggressive and invest in
altcoins that has  a low marketcap because if you are lucky enough it could grow more than you expected.
When that happen, you can start then with more stable altcoins like litecoins as what you have mentioned.

Put it all on PIZZA coin $PIZZA on c-cex! thank me later

5% is very achievable on crypto world on a short period of time and you will earn that even 100x of your capital but the risk is always high specially when we do trading specially for newbies like you that dont have too much enough idea on crypto. Investing on bitcoin when it was still on 2100 is good because im sure your $20 have grown already which is good. Just study on potential altcoin in the market and you will surely see lots of opportunities for that money to grow. Goodluck

Based upon the suggestion provided, most has asked to move forward with bitcoin or ETH at present. This is because of the growth it has gained over the time. I prefer you to invest into short term earning similar to ICO's and increase your capital for investing into bitcoin or ETH.

Trading crypto currencies could be very profitable but it needs alot of patience and the price is quite unstable, so you need to focus all the time, for this coming months the one that has big opportunity to rise is litecoin and ETH, and I suggest to invest in ETH other than bitcoin, ETH is the escape route when bitcoin failed

Hi! Glad to hear stories like mine.
I'm also a young investor and I also started around 2 weeks ago, with a very small amount (200€).
I am reading a lot while I hold my investment.
I bought some good altcoins, and I´m also holding Btc.
My strategy is also low risk, long term benefits  ;)

And of course, don't fall into scams like pump&dump groups. You might think it´s a good way to get some btcs but you will just lose money. I was thinking about doing it but luckily I read a lot before that and I forgot about it.

Try to be active in the forum, rank up, get into a signature campaign, start getting some profit over time, and hold your coins for months or years... And hopefully the benefits will arrive :)

Good luck!!!

if you have a lots of time and patience this advise is really good for someone who's starting its journey, placing your money inside ico coin will teach you how to  research and assess quality coins that have a big potential inside the market from there you will able to justify which project will bring you decent earnings and will allow you to grow your portfolio.

It's really hard to say for certain which ones are good investments from the bad. In cryptocurrency trading, it is actually unpredictable as there are quite a lot of whales manipulating the movement of most coins. You'll be surprised that suddenly a coin just went up and another went down by huge margins and all of them has no news whatsoever.

Five percent weekly,monthly or annually? If you are very patient, buying bitcoin, monero and ethereum will go a long way. Buy them and forget about them for a few years.

Whatever you do, don't trade, unless you have huge sums to backup losses it is not worth it. That's all speculation, and the tide will go against you more often than not

For my suggestion because I'm beginner her also. you need to find the right altcoin campaign because is easy to
Accept your application so start a conversation to your campaign but you need careful to your post. like now some of the post are delete.

I'm beginner as well, do anyone can tell me which coin is most potential in this time ?

I think you have a nice beginning as you rightly said that you have invested into litecoin and the next step to follow is to google and learn everything about bitcoin and altcoins on reddit group such as http://reddit.com/r/bitcoin and http://reddit.com/r/altcoin  here you will get all the information you will need to become a successful investor. Another advise I will give you is to developed your skills and knowledge on successful and professional coins trading and flipping.

You have bought btc at $2100 and now its already $2550.If you could wait till segwit is activated it would go more.So,my suggestion to you is that altcoin market is highly volatile than bitcoin.So,better stay with your bitcoi ns till some more time and then try to sell when its price is very high.

My suggestion is also sticking with bitcoin will be more beneficial compared to moving capitals out of bitcoins. There are a lot of expectations among bitcoin investors on segwit activation still I believe we do not need to wait till activation on August 1st, as speculators will move markets well before itself.

I mean to say this is not the right time to move away from bitcoin investments because in very quick time itself we are going to have very much surprising prices for bitcoins. Believing on bitcoins and continuing our holding must be the right options as of now.

If I'm in your condition, i will invest only in bitcoin, litecoin, waves, ethereum and monero. all of them are fast movement coin and also have great community. Sometime i will choose some altcoin to stake them in my wallet, but ofcourse i will choose good altcoin to POS because nowadays too many POS shitcoin without future

Why not guess in next time the bubble crypto market will breakdown as stock market in 2008? I agree with writer this thread, at now very easy to make money on market, just buying and you can take profit 5-20% after one day lol! I will waiting happens in September before comeback

I have $300 and was thinking of purchasing eth, is it worth buying just a little bitcoin or go more risky with an ICO, or new crypto on the market?

Just want to ask if there is a guide on or website on cryptocurrency trading? that will be a very big help to us beginners,,, is anyone here became a millionaire through trading?

If you want to invest in an ICO, a good one would be NIMIQ, i bought some too. Or you could buy any coin during this market correction and you can make 20-25% easily.

You can absolutely invest in stocks with $100. Use robinhood so you don't get any transaction fees. There are plenty of good dividend or long term growth stocks under $100 per share, such as VZ, T, V, MSFT, and others.

In my opinion, Investing in Bitcoin should be a long term investment. Yes, it definitely gives you a big profit. But for that, you will need to be patient. Not for weeks. Not for months. It’s a story about forgetting it for years. But when its rate increases it gives you much profit. Just keep on monitoring the fluctuations of the exchange rates of crypto currencies.

Arbitration is still at risk, many cases this month dispatching coins are disrupted from liqui to bittrex. Several days coins are not accepted, complaints have been delivered via new 6 day ticket is completed. The big problem is for 6 days the coin gets down. This is a painful loss.