Minimum to start on trading

[RodeoX]

there are no rules, no minimum or maximums. But you should know that bitcoin was not intended to be an investment and you may well lose big. It could work, but it's like using a prescription "off-label". if you just use it as money you don't have to worry about these things. 

[Mickeyb]

i would try with one btc, and trade 1/100 of it every time and see how it go, if there is a good profit, i can increase that amount depend on profit, with x2 profit i would go x2 on the next trade, etc...

His question is for minimum BTC on trading..
1 BTC is quite big, and i usually use your methods too in trading BTC/USD.

If you asking me how minimum BTC for trading, my answer is there are no minimum or maximum.
If you just have 100,000 satoshies, then you can trade it too.

But to sell them in small amount, of course you just get small money or $.

Yes, but if you decide to trade with less than 1 BTC, in my experience, you won't make a damn thing and you will just waste your time. 1 bitcoin is really not a lot to trade with. Especially now when the price is $250. I have traded with 2 BTCs regularly when the price was $700.

[maokoto]

i would try with one btc, and trade 1/100 of it every time and see how it go, if there is a good profit, i can increase that amount depend on profit, with x2 profit i would go x2 on the next trade, etc...

His question is for minimum BTC on trading..
1 BTC is quite big, and i usually use your methods too in trading BTC/USD.

If you asking me how minimum BTC for trading, my answer is there are no minimum or maximum.
If you just have 100,000 satoshies, then you can trade it too.

But to sell them in small amount, of course you just get small money or $.

Yes, but if you decide to trade with less than 1 BTC, in my experience, you won't make a damn thing and you will just waste your time. 1 bitcoin is really not a lot to trade with. Especially now when the price is $250. I have traded with 2 BTCs regularly when the price was $700.

Come to think of it, I believe you are right. I have trade for hundreds and thousands of dollars investing in stock market, and now there is quite a fear to trade a full BTC, which in the end is less money LOL.

I suppose it is because the BTC were too hard to earn.

[randy8777]

i started with $100 at the very beginning. at that point it was all i could justify spending on bitcoin for investment purposes. just invest with what you can afford.

[Amph]

i would try with one btc, and trade 1/100 of it every time and see how it go, if there is a good profit, i can increase that amount depend on profit, with x2 profit i would go x2 on the next trade, etc...

His question is for minimum BTC on trading..
1 BTC is quite big, and i usually use your methods too in trading BTC/USD.

If you asking me how minimum BTC for trading, my answer is there are no minimum or maximum.
If you just have 100,000 satoshies, then you can trade it too.

But to sell them in small amount, of course you just get small money or $.

Yes, but if you decide to trade with less than 1 BTC, in my experience, you won't make a damn thing and you will just waste your time. 1 bitcoin is really not a lot to trade with. Especially now when the price is $250. I have traded with 2 BTCs regularly when the price was $700.

also the 1 btc thing, i was referrint to, was only for bankroll, you don't trade directly with it, you trade with 1/100 portion of it, like in poker

[barbara44]

In my experience starting trading with stable alternate crypto-currencies like litecoin or dogecoin or some other coin would be the better choice for minimum risk associated for a the beginner. I too have started with dogecoin because it was slow in movement and profitable in long run.

[zimmah]

The beauty of bitcoin is that even small amounts of bitcoin can be traded as easily as big amounts.

So there isn't really a large threshold to become a successful bitcoin trader. If you want to trade for pennies you totally can.

[Supercrypt]

In my experience starting trading with stable alternate crypto-currencies like litecoin or dogecoin or some other coin would be the better choice for minimum risk associated for a the beginner. I too have started with dogecoin because it was slow in movement and profitable in long run.

Yes many people start trading with Dogecoin just to minimize the risk involved in bitcoin trading and to learn bitcoin trading in real time. So start trading in alt coin with minimum amount of alt coin would be more advisable for the new bitcoin trading aspirants.

[allyouracid]

Trading is only a matter of patience. LOL.

"Trading is only a matter of patience. LOL." - LOL?

I would not recommend listening to that for successful trading. Patience is an important matter in real trading, yes. But in Altcoin trading, it is pure luck. The reason behind that is simple: Altcoins have such a low volume that your profit solely depends on single individuals, and if they're willing to move the coin into your direction.

Buying and selling Altcoins really has nothing to do with trading. It's gambling. And if you want to make money long term, I'd recommend using markets which have real volume, because then, you can spot trends and use them to profit.
So, recommended markets are generally LTC and upward (meaning in crypto, only BTC, plus traditional markets, such as Forex, Commodities, Stocks, Indices). It's also gambling to some extent, but you're not depending on where a small group of often crooked individuals want the market to move.

It takes time. Many traders take years until they become profitable traders who manage to scoop consistent money off of the markets.
If you want to keep (and maybe increase) your money, I'd recommend to stay away from Altcoins completely.


.edit: I lost thousands trading Altcoins, when I was "young" (in crypto experience terms). Did not have the experience I have now, and I misunderstood classic "stay the fuck away" signals (ongoing pumps) as "fomo in ASAP" signals. Glad it was no money I was depending on in any way.

[pilscoop]

Can anybody here recommend what coins to look at to get into trading?
Think of it as the "faucets" of trading, as in a way to get started and get the hang of it before moving to something bigger.
Thanks

[bitgolden]

Can anybody here recommend what coins to look at to get into trading?
Think of it as the "faucets" of trading, as in a way to get started and get the hang of it before moving to something bigger.
Thanks

Dogecoin is the better one to kick start your trading to test your skills as well as patients. If you look for certain higher level means I personally can suggest to go with clam coins as I see it more active in some specific exchanges.

[maokoto]

Trading is only a matter of patience. LOL.

"Trading is only a matter of patience. LOL." - LOL?

I would not recommend listening to that for successful trading. Patience is an important matter in real trading, yes. But in Altcoin trading, it is pure luck. The reason behind that is simple: Altcoins have such a low volume that your profit solely depends on single individuals, and if they're willing to move the coin into your direction.

Buying and selling Altcoins really has nothing to do with trading. It's gambling. And if you want to make money long term, I'd recommend using markets which have real volume, because then, you can spot trends and use them to profit.
So, recommended markets are generally LTC and upward (meaning in crypto, only BTC, plus traditional markets, such as Forex, Commodities, Stocks, Indices). It's also gambling to some extent, but you're not depending on where a small group of often crooked individuals want the market to move.

It takes time. Many traders take years until they become profitable traders who manage to scoop consistent money off of the markets.
If you want to keep (and maybe increase) your money, I'd recommend to stay away from Altcoins completely.


.edit: I lost thousands trading Altcoins, when I was "young" (in crypto experience terms). Did not have the experience I have now, and I misunderstood classic "stay the fuck away" signals (ongoing pumps) as "fomo in ASAP" signals. Glad it was no money I was depending on in any way.

Thanks a lot for your advice! The low volume/ gambling explanation really went deep on me.

Would help to know about what you mean with the "classic signals" I am such a newbie I don't even know about them.

[enhu]

I might also start trading with bitcoin once I get to have reasonable amount to trade.
I might have to learn everything though, coin trading is much different than stock market

[neonshium]

In my experience starting trading with stable alternate crypto-currencies like litecoin or dogecoin or some other coin would be the better choice for minimum risk associated for a the beginner. I too have started with dogecoin because it was slow in movement and profitable in long run.

Yes many people start trading with Dogecoin just to minimize the risk involved in bitcoin trading and to learn bitcoin trading in real time. So start trading in alt coin with minimum amount of alt coin would be more advisable for the new bitcoin trading aspirants.

Yes. If you look for minimum amount of risk for your first trades then you must choose alt coins to starting trading. But people look for hot markets with more volatile to grab more earning opportunities. But volatile markets are more riskier to wipe out all the investments.

[HeroCat]

At least 5 Bitcoins and you can start, otherwise you can have very small profit 

[Mickeyb]

At least 5 Bitcoins and you can start, otherwise you can have very small profit 

I am not sure are you just joking or what but that's way too much! Too much risk, you will lose a lot if you make wrong decisions. Also to hold 5 BTCs on any exchange is way to much! I would never done it.

[CasioK]

At least 5 Bitcoins and you can start, otherwise you can have very small profit 

5 bitcoins? I'm not ready to take this much risks. Even though I do not have 5 bitcoins either. Trading should begin with very low investments as we do not know how the market will react to our predictions. Some people here suggesting alt coin trading that must be the good idea for beginners.

[Amph]

At least 5 Bitcoins and you can start, otherwise you can have very small profit 

there is something called leverage, you can start with a much lower bankroll and do x20-x50 leverage, it would be the same, but the difference is that it offer everyone the pssibility to trade and make big profit

[confirmation120]

I started with 1 btc and doubled it in a week.

[Supercrypt]

At least 5 Bitcoins and you can start, otherwise you can have very small profit 

5 bitcoins? I'm not ready to take this much risks. Even though I do not have 5 bitcoins either. Trading should begin with very low investments as we do not know how the market will react to our predictions. Some people here suggesting alt coin trading that must be the good idea for beginners.

Yes 5 bitcoin is a very big money to start your bitcoin trading. Taking leverage also must be riskier as it will auto square off your open positions when the open trade goes off against your predictions. Better do with small lot from a small investment for a small target.