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Reid
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January 11, 2022, 02:39:08 PM
 #21

Hm I don't think you can just allocate 30% for expenses without knowing more of OPs background. It is unclear whether the $600 are already for investing or whether it is just the salary.
So first, OP please clarify if you want to invest $600 or whether this number is smaller as you have to deduct your expenses first.

Apart from that above reply already gives you an idea what should be done: split your investments in different asset classes and only allocate a small amount for crypto were a 100% loss would not bother you
It may just be the salary.
We don't know if the friend of OP is paying for a rent, own a house/with parents, with insurance, healthcare, and other stuff that is being paid monthly like bills, electric, water and internet.
But if he can save like just 10% percent of that, $60 to be precise, that will be a good number in the long run. No one is rushing when it comes to saving money thru cryptocurrencies especially in Bitcoin or Ethereum. It may be the best window now for the cheap price and you can maximize the amount that you can grab.
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January 11, 2022, 02:51:03 PM
 #22

long term investment will not be a serious problem if you choose a popular coin ,the problem is the division of expenses from the total monthly income but many have given advice on the first page ! just want to add a suggestion ,invest the money that is indeed "the rest of money" the which has been cut mandatory monthly expenses ,don't be too greedy and have to be diligent in investing monthly with the money that is left

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Jackl87
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January 11, 2022, 03:00:17 PM
 #23

What is the best crypto investment advice you can give someone who makes 600$ per month from other job? I'm presently in this situation and due to the unstable crypto market we in I don't know what to advice this person, even 2022 looks bearish to me, help me out

It always depends on what you want to achieve with your money? So you have an income of 600$ per month, i guess you have also a lot of fixed costs, so let's say you have 100$ of spare money left each and every months, then i would still put aside 50$ of that for savings if something unforeseen happens and the other 50$ you can use for your investments. If you want to invest into relatively stable projects then you should choose projects like Bitcoin and Ethereum, usually they suffer the least in a bear market. If you say that you want to go high risk with that 50$ then invest into new and upcoming projects. There you have the possibility for high profits but also for a total loss.
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January 11, 2022, 03:59:58 PM
 #24

Solena, ethereum, avalanche... Surebets with reasonable return.
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January 11, 2022, 04:16:04 PM
 #25

If you want to invest in the crypto world with the hard-earned results you make from real work, then you must be ready to accept losses if later the coins you hold are decreasing, and currently many potential coins that we can hold to invest, if this is the first time you invest in the crypto world then some of the capital you have today can be used if it can already face a volatile market situation.

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goldkingcoiner
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January 11, 2022, 04:37:23 PM
 #26

What is the best crypto investment advice you can give someone who makes 600$ per month from other job? I'm presently in this situation and due to the unstable crypto market we in I don't know what to advice this person, even 2022 looks bearish to me, help me out

Basically the veterans of this forum will always give you the same advice over and over again. This advice is to buy the dip, do not trade on emotions, do not sell for a loss, and quite frankly, just hodl. If you want to make an investment, you do not keep flip flopping back and forth. You make the investment and consider the money gone, for years, at the least. Come back in a few years, reap the rewards.

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January 11, 2022, 10:01:42 PM
 #27

What is the best crypto investment advice you can give someone who makes 600$ per month from other job? I'm presently in this situation and due to the unstable crypto market we in I don't know what to advice this person, even 2022 looks bearish to me, help me out

Bitcoin? Ethereum? Dot?

Take a pick, it's all gonna go up in the long run. Depends on how fast you're planning to turn it into profit.
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January 12, 2022, 08:59:04 PM
 #28

The easiest and safest method is to allocate 10-20% for the purchase of top coins. At the same time, taking the time to study the market and crypto in general. Further, you will already have capital and learning where to invest next. All this cannot be done in a short time. It takes time to study.

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