Bitcoin Forum

What would you say is the best amount to risk in the beginning for trading crypto? Also, which crypto, and which exchange? Appreciate your thoughts.

I personally started with just a few hundred dollars. With that, I traded it around and tried to find trends in the market and basically learn how to do basic trading. Once I felt comfortable with that I put in more and more. That way once you have a lot of money in different coins you will feel comfortable.

Invest only as much as you is not sorry to lose. Which coin invests depends on whether you want to invest short or for a long time. Investing for a short time implies a high risk, but also a big gain. One such coin is the Flash coin https://coinmarketcap.com/currencies/flash/ that exploded in the last days. Investing for a long time could be in Bitcore https://coinmarketcap.com/currencies/bitcore/

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FGruFTBw.png&t=584&c=X1ckkjQjIsPBeg

I have invested funds in bitcoin. Tell me how to exchange bitcoins for dollars. How do you take profit?

I first started with a few hundred dollars. Then add more to it as I feel more comfortable.

I would suggest placing a certain percentage into cryptos based on your investments/savings. Also what your OK with loosing as the 'alt' coins/tokens are not only new, but volatile. Most conservative investors only place something like 5% into a specific asset class or sector.

Based on the country that your in, it may make a difference regarding the exchange you choose. Example is in the USA, you cannot use Bitfinex as they have stopped Americans from using that exchange.

Rule of thumb 10% of portfolio per coin :) Join my Community for Crypto Beginners CryptoSmart HUB https://discord.gg/jyTXVWz for more helpful educational materials and tips about crypto mining, trading and more!

1000 usd for a start

Best amount to risk for a beginner, depends on the beginner. If he or she has enough Money, then a few thousands of dollars would do. If the beginner has less to spend, a minimum amount of $500 to $1000 would be recommendable. Start with Ethereum, Cardano, Litecoin Monero and Dash.

When I started I picked up the 3 coins on Coinbase.  Having a little skin in the game forced me to feel more invested and caused me to do more research into alts.  From then I started picking up alts but still bought steady amounts of btc.  I think the amount I started with was about $3k but that was when the coins were much cheaper.

just start with the amount if even u lost, wont hurt u that much

My start found is about $1000 too.
I can invest more but I am just an newbie . I need to lestn more about bitcoin more about other coin.
Now about 1 month the voting I buy almost 50% gone, this is risk, but I can afford. I will keep on.

And where did this rule of thumb come from? Not sure most people would agree with that?


Anyhow, as people have said, risk only what you're willing to lose, if it comes to that. It's easy to make mistakes in crypto, so you have to accept the fact that your money might be lost...but it could also multiple.

Good luck whatever you decide to do.

-Knightly

Start with the amount you can afford to lose. Save some for your self so if you lose you can start again.

That is the main question.
And the answer for a TS question at the same moment. I would invest not more then an amount that would be possible to withdraw.
My experience with a banks around the globe: it is not possible to avoid your funds be blocked  with an amount come more then $50`000-100`000 (for an active account with a turnover more than $100`000 a year). I suppose that even $10`000 withdrawal can be a headache for a most users.
 

Start my investment amount is $2000, this is all of my money, I I am cautious investment Afraid of losing money when coin up I very happy, fell I very worry, little by little I am familiar with the friend asked some investment for a long time They told me that sights You can make money

I started with $500, the was maximum that I was prepared to loose is something goes wrong. Luckily everything turned out good for me

Lose only has one "o".  :/

As others have said, only risk what you are willing to lose. But anywhere from $100-$1000 would be a great initial investment, as long as you don't want to buy bitcoin (because the transfer fees would eat way at your initial deposit).

I'm currently using Kucoin and Binance as my main exchanges, they have good liquidity, and a lot of decent coins. As for coin recommendations, I would suggest Deepbrain Chain (DBC), Oyster Pearl (PRL), Raiblocks (XRB) and NEO. All of which are available on Kucoin. Please research them more yourself, but I think all have the potential to at least double in value in the next few months.

If you want anymore details, just let me know.

Only invest what you can afford to lose. I started out with a few hundred dollars. Regarding the best exchanges, use Coinbase to buy Bitcoin. Once doing so, transfer it to another exchange to buy altcoins. At the moment, big exchanges like Bittrex and Binance aren't accepting new registrations, so you could try Kucoin. They're an upcoming exchange and I feel they are pretty good. Good luck.

The amount you can afford to lose because this is what is most likely to happy  :-X Usually people start with just a few hundreds

  I believe that the main thing is to approach trade with the mind.
 After all, you can invest hundreds and thousands of dollars and lose everything and you can invest 50$ and earn a lot.

У кaждoгo нoвичкa cвoи вoзмoжнocти ктo-тo мoжeт и c 5000$ нaчaть, a ктo тoлькo co 100$. Taк чтo cмoтpитe в cвoeй кoшeлeк, чтo мoжнo бeз кaкиx либo пpoблeм pиcкнyть и влoжить.

Depends on how much you can take out of your bank account without feeling any poorer ; )

It has been said already.  There is no best amount  to risk because all beginners don't have the same capital. What you invest depends on what you have and what you can afford to lose. It is best not to invest all your capital at once because as a beginner your might make mistakes during trading. So, always reserve some that you can fall back to.

Please suggest some low cost coins for safe investment..

I do not think that beginners should be advised to buy Bitcoin or Ether, at least not at the very beginning, as they have small capital, because the high cost of fees and the congestion of the network can be a negative experience for beginners. They need to buy some altcoin and, in the beginning, use instant exchange offices until they gain experience in the crypto world.

I really appreciate all these tips guys. Crypto investing seems like it has high risk high reward. So I will definitely start small like $100-200, then move on from there. Thanks again community.

It all depends on how much you feel comfortable with, I was given the advice of only invest what you can afford to lose at first. Whilst we all hope that wouldn't happen it's more like when you are a beginner.

The starting number will be different for everyone, I dont have much spare cash so mines quite low, whereas someone who is in a more comfortable position may feel better investing more.

I think this amount is decided by you free money.  But I think for beginner you can invest from small to big. I don’t think 100% in all is an good idea. For newbie any how you must can afford the loss, even if change to zero , you can said yes afford it. Ok this amount is best!

Only risl what you can afford. In my case I put like 300 usd more than 6 mounths ago and everything went right. Find projects with good future and do you own research, dont buy what the youtubers tell you. In my case im investing in Coins like deeponion,  enj, urf. So do a lot of research and pick the coin you most like. I use cryptopia to exchange. Good luck.

In my view as a beginner, I think one should start from something small such that if the unexpected occur, one will not feel it much

Actually my friend who introduce Bitcoin to me never spend a cent when he started campaigns and Bitcoin.. .
Only he did was make account... posted and wait until he ranked up to JR. And started bounty campaigns...
Earn coins in every group and sell them to Bitcoin....
Little by little until today now he has Bitcoin earning....
He only use his time and internet...since we don't have much salary to spend in Bitcoin.. ..
But people with money will come with a different....story

It depends on how much you can lose, when you start trading you need to learn the basic and then you will experience losing money, if you can afford losing thousand then go for thousand, usually most of us start from 100$, try cheap coin and understand the market work, see the chart and the news to help you to choose, now we got a lot of exchanges, binance, bittrex, yobit, poloniex, tidex and others

How much should I spend for a first timer?

As most have said only invest what you can afford to loose.
Keep the mortgage/rent money, bill money away.
Make sure you do your research in whatever crypto you want to invest in

i think 500usd is good enough...

Take it as a learning phase for you... i would suggest invest max $500 only. Learn for 1 month and you will have a better idea if you want to invest or pull out.

You have to have Bitcoin after all , this is the start point. Buy bitcoin and exchange it with different crypto currencies.

Before buying other coins learn about the coin and see their project and what is the idea behind the currency you should target coins price <10$.

once you selected your 3-5 coins, distribute your 500$ among these and gotcha you are a crypto hero now :p

Yeah which exchanges are good it depends because not all exchanges listing all the currencies. Bittrex and Binance my first choice then CEX.IO and Coinbase.

Also prices on each exchange varies https://coinia.io/ (https://coinia.io/)

So here you go I hope you are aware of wallet, private key etc and understood the RISKS involved.

do you want to trade or just buy and hold?

for trading a few hundred dollar are enough. if you want to buy and to hold, minimum 1000 dollar and more.

I only started trading in June last year buying around 1000$ worth of coins by the end of the year, And the hold strategy seems to be working for me since i have Quadrupled that. Though a big factor was the December rush into crypto.

Just don't invest anything that you are not willing to lose, Also don't panic sell if everything starts going red. You should never sell at a loss rather wait it out.

I think you can risk around $500 or a bit more to get the feel of trading. Risking more than $1000 (depends on your threshold) might be too stressful and traumatic, should the worst case scenario happen...

It's different for everyone :) Ppl say it's better to invest about 10% of your savings into crypto.
I think you can start with $50-100, just to get to know how all of this works and not regret losing it

It should be always about the money you can afford yourself to loose otherwise it's turning into the finansical pyramid. I heard of a people who sold their houses and flats to buy bitcoin so you shouldn't do that, it's literally silly.

50 dollars would be fine....
But joining campaign and be rewarded by coins that can be converted to bitcoin can be another way and its free.... You only have to use is your time and internet.....

Do you want to trading of cryptocurrency?
it is better to learn about of crypto before you do that. I guess 0.01 or $100 is good for a beginner or you can afford to lose it.

Invest what you can afford to loss, I would never advice one to invest life savings in cryptotrading

Any amount will do, as long as you can afford to lose it, since the crypto market is extremely volatile. I personally started with $400, and invested bit by bit since then.

I would say invest what you are prepared to lose, and that's probably around 10% of funds set aside for investments

Пpивeт. Пocoвeтyйтe кaкиe биpжи ceйчac лyчшe и бeзoпacнee иcпoльзoвaть

Most people have it right. Most coins are in a highly speculative phase and this is fairly high risk. So if it went to 0, what would the eimpact be on the financial health of your family. If you aren't sure on the $ figure, here are some easy approach:

* How much did you spend on alcohol or coffee in 2017?
* Whatever you would be willing to spend on a weekend gambling in las vegas?
...

I just started and I am willing to invest amounts that I actually CANNOT afford to lose.. But I have been losing that amount and more to dope and gambling for the last few years and now that I quit, I decided to enter crypto world. Wish me luck

Start small and just do your research on what currencies you feel comfortable investing in. Once you get the hang of everything, you can decide if you want to put more money in.

Good luck!

Novice began trading application less amount can trade, the novice can reduce some of the losses, of course, you can reap the benefits, novice want most is to experience, only little amount, more than the number of transactions, to absorb experience! The most important thing is to deal with the mood of trading, control oneself mood!

Way back 2016 i deposit 200$ in poloniex and just start reading some conversation in their chatbox bought some altcoins that is hot that time they just said to buy low and sell high. Its quiet scary at first i dont know the  technique but eventually i was able to manage it and now i have 5digit now

100 $ i think

Me too. I believe in the saying that one should invest what you're able and willing to lose. The market is filled with great opportunities and high risks. Just don't panic. Take time, learn the space, keep up with trends, communities and developments... Be an active learner then invest more as your learning and success curve dictates.

The best amount for a beginner to start with can be determined by some factors. How much you can invest that is not beyond your limit. Take a quick study of the current prices and trends. But as they say, the bigger the better. However, whats important is that you can start right now and start the ball rolling. As you trade and learn the tricks and trend, then that's the time you can add more money or maybe not anymore because you have earned already from trading.

For beginners, the optimal amount for trading a crypto currency is 100-200 $. As soon as you feel more confident in trading with the Crypto currency, you will begin to understand what news affects the market positively, and which ones are negative, then you can already increase the deposit.

What you can do is open an account in Coinbase. Then transfer your Bitcoins into Coinbase then out to your checking account.

For a beginner you do not have to risk much because if you risk all your cash for a particular coin which later doesn't yield enuf profit..then it not encouraging

It depends of your active income. You can start with $1000 and divide/invest it in many projects.
Be careful and don't put a cent before reading and knowing where are you putting your money !

Every investment has a risk. As the old adage say, dont put all your eggs in one tray. Just invest what you can afford to lose. It is maybe 10 - 20 % of your monthly income.

Today is not the best time to sell bitcoin instead much better to buy bitcoin now.. While the price is low

yeah, it's very good day to buy... unfortunately i bought a few days ago... :D now nothing to buy with

The crypto boom represents the greatest wealth creation opportunity in our lifetime (at least for most of us). Go in bold, however only money you can afford to loose. Cut your daily spending, postpone large expenditures. Every 1 fiat currency unit (USD, EUR etc) in credible crypto now is most probably going to be worth many times more in fiat currency terms in a short period of time.

I'd start with 500$. After you made some gains you could cash out your initial investment so "there's no risk anymore".

$0.00(ZERO DOLLARS) is the best amount for beginners to begin with as long as you have access to the internet.You only need  to register  with players like coin worker,coin adder,etc.

Hi Everyone, I am very new to crypto, just have $100 to invert ATM. Which one is best for me to invest. Any ideas please

Budget how much you can survive on...whatevers left in the budget should be thrown into crypto.

you can start with few hundred dollar and try to learn market patterns. If you want to earn something free , then you can join with bounty and airdrops programs. Bounty programs pay considerable amount for their subscribers. If interested search about daneel bounty program as well as ICO.

ICO is also a very good investment option. Do your own research before investing on any ico. Daneel ICO become more stable with IBM partnership.

For the new trader, your goal should be to make all your mistakes early in your developmental process when you are trading very small positions and risking a small amount of your capital.  Early in your career, you want to survive your learning curve.  Trading too large–putting on too much risk for your account size–exposes you to potentially ruinous drawdowns and can leave emotional scars that don’t readily heal.  You want to start your career assuming you’ll make plenty of rookie mistakes and ensuring that those will not erode your capital.  One of the great mistakes new traders make is to put pressure on themselves to make a living from their trading.  Before you can make your living from trading, you first have to establish consistency and build confidence.  Short circuiting your learning process is the greatest threat to learning.

My recommendation to new traders is that they should only take trades they love! There is always a trade you can convince yourself you ‘like.’ But if you only take trades you ‘love,’ you will find yourself trading a lot less frequently and far more effectively.

You should invest only the amount you are prepared to loose. I started with only $200 and I lost that all, second $200 (I've got more accurate) brought me my first $1000. So when you're starting you need luck and be prepared to loose your money

I started with $1000 and it were all my savings. I didn't follow the advice of "use the amount you're not afraid to lose", I was veeery afraid to lose my savins. But! I believed in crypto very much. I still thonk that it's future of financial system. So.. It paid off. You should find your own way.