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Author Topic: how to start trading with a very small amount  (Read 161265 times)
NordicRanger
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May 09, 2016, 01:48:28 PM
 #161

If I hold 1 or 2 btc for a long time, It will be surely profitable in the future or not???
I think it will be profitable. Most people buy bitcoin hoping to get more money out of it.
But if you think anything else: sell now and buy when bitcoin is cheaper.
holding some btc for a long time and trading with other some btc is also a good option...
Before you are trading you must have a strategy so you will know what you can do while you are trading and that would be perfect.
But it is hard to make any profit in the beginning and that is the problem.
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May 09, 2016, 01:55:23 PM
 #162

If I hold 1 or 2 btc for a long time, It will be surely profitable in the future or not???
I think it will be profitable. Most people buy bitcoin hoping to get more money out of it.
But if you think anything else: sell now and buy when bitcoin is cheaper.
holding some btc for a long time and trading with other some btc is also a good option...
Before you are trading you must have a strategy so you will know what you can do while you are trading and that would be perfect.
But it is hard to make any profit in the beginning and that is the problem.
yes it is true, it is difficult to earn advantage at the beginning, moreover if still very new in the trade.
a good way is, you try to be accompanied by your friend who is good in the trade. you will be notified when the right to buy the coin and you can make a profit. I myself the first time also did the same thing.

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May 09, 2016, 03:30:19 PM
 #163

Whatever coin you trade, buy on a dip. You also need to consider the fee and figure that in on the sell. Sell when you've made a little profit and wait for another dip.
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May 10, 2016, 07:15:23 AM
 #164

It is nice that people are now going to start trading and that is because there are still a lot of people that is waiting for a price increase because they want to earn money with it.
But before you are going to trade you must have a strategy before you start.
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May 10, 2016, 07:24:23 AM
 #165

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Starting small is a nice move.  Buy low sell high so you can have good profitable income generating business.  It is easy to monitor the growth or development of your business. Just keep it rolling to to grow.  For your transaction partners you have to know traders around your area. Smiley

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May 10, 2016, 08:16:15 AM
 #166

Volatility works well in favor of traders, so the habit of monitoring prices should be practiced. Setting targets whether it is selling or buying is very crucial if one wants to have success in trading. Managing greed and fear are the two emotions that every trader must always check. Whether capital is small or big, the strategy must always be there.
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May 10, 2016, 08:33:41 AM
 #167

If I hold 1 or 2 btc for a long time, It will be surely profitable in the future or not???
I think it will be profitable. Most people buy bitcoin hoping to get more money out of it.
But if you think anything else: sell now and buy when bitcoin is cheaper.
holding some btc for a long time and trading with other some btc is also a good option...
Before you are trading you must have a strategy so you will know what you can do while you are trading and that would be perfect.
But it is hard to make any profit in the beginning and that is the problem.
yes it is true, it is difficult to earn advantage at the beginning, moreover if still very new in the trade.
a good way is, you try to be accompanied by your friend who is good in the trade. you will be notified when the right to buy the coin and you can make a profit. I myself the first time also did the same thing.

I agree. Having someone who will guide you will be really helpful, esp. if that someone have many experience in terms of trading. He/she can teach you his/her knowledge and strategies. Smiley
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May 10, 2016, 10:52:48 AM
 #168

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
As a newbie trader first of all you should learn strategies of trading, and get some knowledge before starting trading. you can get help from youtube and other tutorials sites.
And start with altcoin trading. as you said you have small amount so buy alts and sell them for bitcoin when the price increase. I think Mrai, Lisk and Etherium are good altcoin now adays.
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May 10, 2016, 01:33:11 PM
 #169

If I hold 1 or 2 btc for a long time, It will be surely profitable in the future or not???
I think it will be profitable. Most people buy bitcoin hoping to get more money out of it.
But if you think anything else: sell now and buy when bitcoin is cheaper.
holding some btc for a long time and trading with other some btc is also a good option...
Before you are trading you must have a strategy so you will know what you can do while you are trading and that would be perfect.
But it is hard to make any profit in the beginning and that is the problem.
yes it is true, it is difficult to earn advantage at the beginning, moreover if still very new in the trade.
a good way is, you try to be accompanied by your friend who is good in the trade. you will be notified when the right to buy the coin and you can make a profit. I myself the first time also did the same thing.

I agree. Having someone who will guide you will be really helpful, esp. if that someone have many experience in terms of trading. He/she can teach you his/her knowledge and strategies. Smiley

especially if you have friends who are professionals in the trade, You will always make profit. but maybe not forever, because you can not continue to rely on your friends.

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Fast, Secure, and Fully

DecentralizeTrading
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─────── LAB
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May 10, 2016, 07:24:24 PM
 #170


-snip-
I agree. Having someone who will guide you will be really helpful, esp. if that someone have many experience in terms of trading. He/she can teach you his/her knowledge and strategies. Smiley
The tips are definitely useful but there is no assurance that this trading technique will be profitable for you too. Since I used to follow expert forex advisors tips, I have incurred many loses due to which I just take those tips as a reference but use my own trial and error method.
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May 10, 2016, 10:54:35 PM
 #171


-snip-
I agree. Having someone who will guide you will be really helpful, esp. if that someone have many experience in terms of trading. He/she can teach you his/her knowledge and strategies. Smiley
The tips are definitely useful but there is no assurance that this trading technique will be profitable for you too. Since I used to follow expert forex advisors tips, I have incurred many loses due to which I just take those tips as a reference but use my own trial and error method.

yes that's true. They can give/show you their strategies but not assure you that it will work flawlessly to you. Just give it a try and think of your own technique. Just use their advice as a guide.
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May 11, 2016, 02:43:54 PM
 #172

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Starting small is a nice move.  Buy low sell high so you can have good profitable income generating business.  It is easy to monitor the growth or development of your business. Just keep it rolling to to grow.  For your transaction partners you have to know traders around your area. Smiley
One downside of starting out small is that you don't really have a lot of room for losses, that could be a problem when the market doesn't work in your favour.
Could be usefull for practising, but you also don't have any reserves.

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May 13, 2016, 10:41:31 AM
 #173

Luckily bitcoin can be divided into eight decimal places which is a small fraction of a penny.  This allows for trading with very small amounts of money.  If you only have a small amount of money, it's easier to trade in bitcoin rather than fiat.

 
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May 13, 2016, 02:09:59 PM
 #174

It is perfect that there are now more people that is going to start trading and that is because they cant earn profit with selling so they are now going to trade so that is nice.
But you have to know that you must have a strategy before you are trading otherwise you can lose a lot of money.

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May 14, 2016, 04:27:44 AM
 #175

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Starting small is a nice move.  Buy low sell high so you can have good profitable income generating business.  It is easy to monitor the growth or development of your business. Just keep it rolling to to grow.  For your transaction partners you have to know traders around your area. Smiley
One downside of starting out small is that you don't really have a lot of room for losses, that could be a problem when the market doesn't work in your favour.
Could be usefull for practising, but you also don't have any reserves.

i don't see any downside to this. when you start with a very small amount lets just say 0.001BTC=45 cents you can still lose 50%-90% go down to 0.0005BTC-0.0001BTC and still be able to trade because the minimum amount to make an order is those numbers i said in different exchangers.

and even if you lose all of it you can still deposit another 45 cents and continue learning Cheesy

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 14, 2016, 04:30:26 AM
 #176

In my case, I'm asking advising from people on a thread I have created, also checking the official coin threads and checking others opinion and reviews on those coins.

and using my signature money and any other money I get to buy coins on yobit.

I'm not in any profit so far, but learning how these things work.

I'm a newbie too.
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May 14, 2016, 04:43:33 AM
 #177

The first thing to note is looking for as much information about the coins that will be traded. Try to trade with a small amount, for example 100 k satoshi, learn the characteristics of the coins traded, see the lowest price and the highest price of the coins as well as be in the price now. As time goes by you do so then you ability will continue to increase. Learn and try also in coins that are potentially more profits, and read and learn also how trade in crypto , like https://bitcointalk.org/index.php?topic=1464220.0
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May 16, 2016, 02:33:09 AM
 #178

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Starting small is a nice move.  Buy low sell high so you can have good profitable income generating business.  It is easy to monitor the growth or development of your business. Just keep it rolling to to grow.  For your transaction partners you have to know traders around your area. Smiley
One downside of starting out small is that you don't really have a lot of room for losses, that could be a problem when the market doesn't work in your favour.
Could be usefull for practising, but you also don't have any reserves.

i agree with you. if the business flows as you plan it then you can play with it,  Still you have to have your buffer to fill the long term returns and you can set your own chart for the risks. 

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May 16, 2016, 04:33:40 PM
 #179

You don't need much bitcoin to start trading.  Most exchanges don't have large fees and you can trade with very small amounts of bitcoin.

 
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May 16, 2016, 06:15:47 PM
 #180

Trading is very risky with a small amount of bitcoin specially when you are newbie , loosing it is expected but in the end of the day you may learn a new lesson on trading techniques .
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