Bitcoin Forum
December 17, 2017, 02:54:34 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: How do I start investing in cryptocurrency?  (Read 4746 times)
Cryptomover
Jr. Member
*
Offline Offline

Activity: 43


View Profile WWW
August 21, 2017, 03:13:08 AM
 #81

Hello guys. Im pretty new to cryptocurrency. So I have read  for about 1 month news and articles about altcoins and bitcoin, mining vs buying crypto, trading and investing, checking each day price of top 10 coins. I do understand that I can not make billions since I should started few years ago. But I really like the idea of crypto and I would like to support / help it by buying / investing some money into altcoins. I dont have enough money to buy bitcoin. Here come questions :

1) Im interested in benefit / result in long term. So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2) Would you suggest to divide my start capital in 10 parts?
3) Is it OK to buy part of bitcoin and not whole coin?
4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?
5) Can you please link other forums or websites with helpful info for exploring and learning?
6) And some reliable websites for buying crypto from Europe and online wallets?
7) If I also want to try mining should I start then with coins like litecoin and ripple?
Cool Which alternative is good to programm Coinigy (trading programm) ?

Thanks for reading and good luck all.

Hi kipikipi,

1) For a steady and profitable long term investment with lower risk, diversification is your best bet. The price of individual coins can go up and down but the market cap of cryptocurrency is generally going up, so buying a basket of stable coins like Bitcoin, Ethereum, Litecoin, and so forth can average out the daily fluctuations and potential risks of individual coins, while providing a positive return. 

2) Why are you dividing them into 10 parts? A simple strategy would be Dollar cost averaging where you investing the same but small amount everyday no matter the price goes up or down to again, average out the the daily fluctuations. This is simple and useful if you only want to invest in one coin.

3) Sure. Bitcoin is divisible up to 8 decimal places, but most exchanges has a minimum trade amount, say 0.0005 Bitcoin

4) It depends on your investment horizon. If you plan to hold for at least few years than the price now is low of course. If you want to do swing trades in the short term than a lot of analyses have to be taken into consideration and it also requires skills.

5) Coindesk is a solid website for both guides and news. Meanwhile, you can also check out our website or blog to learn more about index investing.

6) Not sure about this and correct me if I am wrong, but for Europe I believe Bitstamp is the largest and most reliable exchange to trade. I will not recommend using an online wallet, though. A better choice would be desktop wallets or hardware wallets. In one of our blog post we also explained the difference between hot wallets and cold wallets.

7) Sorry I am not familiar with mining, but not all coins are minable, like Ripple and XEM. You'll need to check that.

8 ) What do you mean? I would rather trade on the exchange, than exporting the trading account to a third party though.

Please free feel to ask me if you still have more questions Smiley

Want to diversify your cryptocurrency portfolio? Visit our website to learn more!
1513522474
Hero Member
*
Offline Offline

Posts: 1513522474

View Profile Personal Message (Offline)

Ignore
1513522474
Reply with quote  #2

1513522474
Report to moderator
1513522474
Hero Member
*
Offline Offline

Posts: 1513522474

View Profile Personal Message (Offline)

Ignore
1513522474
Reply with quote  #2

1513522474
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513522474
Hero Member
*
Offline Offline

Posts: 1513522474

View Profile Personal Message (Offline)

Ignore
1513522474
Reply with quote  #2

1513522474
Report to moderator
1513522474
Hero Member
*
Offline Offline

Posts: 1513522474

View Profile Personal Message (Offline)

Ignore
1513522474
Reply with quote  #2

1513522474
Report to moderator
1513522474
Hero Member
*
Offline Offline

Posts: 1513522474

View Profile Personal Message (Offline)

Ignore
1513522474
Reply with quote  #2

1513522474
Report to moderator
Hypercube
Full Member
***
Offline Offline

Activity: 120

Semantically satiated.


View Profile
August 21, 2017, 05:38:34 AM
 #82

1) Im interested in benefit / result in long term. So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2) Would you suggest to divide my start capital in 10 parts?

If you are looking at the long term value and prefer something relatively "stable" compared to how altcoins can be, you should put your money in either BTC, or ETH. These two are the base, and while risk still exists it would be safer than putting on alts (unless you want to gamble or trust it, the later takes time for research though). All the factors you cited are importants things to look into if you get into let's say an ICO, but don't foul yourself most people are just willing to speculate and some won't even look at the tech as long as it looks promising. Try to see what others are saying but keep in mind that they can also use FOMO or FUD (terms you should be familiar with), always stay alert.

As for the division you intent to make, that's solely depending on the risk you want to take, and I probably can't make that decision for you.

3) Is it OK to buy part of bitcoin and not whole coin?

Of course, otherwise plenty of people could not afford it, before the fees and delays were that high, you could buy stuff easily at simple shops in Europe. At that time, I would not have payed 300$ a coffee Wink

4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?

Although a bit disconcerting at first, seeing a coin crash might be a good thing if you intent to buy and you think it still has potential. Remember that bitcoin had a 3 year of sleep period, and look at where it's at now.

5) Can you please link other forums or websites with helpful info for exploring and learning?

https://www.ethnews.com is one, obviously centered around eth
https://coinmarketcap.com to look into numbers, graphs and markets for each coin
https://www.coindesk.com more general around cryptos

6) And some reliable websites for buying crypto from Europe and online wallets?

Kraken is pretty good for Europe with SEPA deposits and is pretty reputable.

7) If I also want to try mining should I start then with coins like litecoin and ripple?

I would not recommend it for a beginner, costs are pretty high and the reward not so much unless you have a lot of initial capital.

Cool Which alternative is good to programm Coinigy (trading programm) ?

I personally don't have a specific program and I don't think it's necessary, especially if you are not looking into day-trading but more like passing and long-terms investments.



Hope it helped, or maybe for someone else
naira
Sr. Member
****
Offline Offline

Activity: 322



View Profile
August 21, 2017, 05:56:50 PM
 #83

I advise you to be careful to buy coin, because all is not easy. Find as much information as possible before buying, ask the forum whether you are doing it right or wrong. If you are wrong, your Bitcoin and altcoin are very volatile



░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀


░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀

▀  Twitter
▀  Telegram
▀  Facebook
▀  ANN Thread
▀  Whitepaper
▀  Website
SilentNightElf
Jr. Member
*
Offline Offline

Activity: 39


View Profile
August 22, 2017, 04:20:03 AM
 #84

How to invest? Just make a coinbase account, link your bank account/credit card, buy. You can allow yourself to worry over the charts, but DONT YOU DARE SELL THAT BITCOIN. Only a useless emotional trader would do such a thing.
Dudeperfect
Hero Member
*****
Offline Offline

Activity: 700

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile WWW
August 22, 2017, 04:54:43 AM
 #85

Before investing money, I would strongly recommend you to invest your time in learning the stuff and the market behaviour. Crypto market is a wild in terms of price volatility so you can always find the good opportunity in a period of short-term but if you are investing any amount without any research then you are likely to lose your capital (I have lost my 100% capital when I used to invest based on other's opinion in my initial days of trading/investing). Learn and understand the behaviour of the market, see what aspects affect the price and study about the long-term scope of any particular idea. The first thing you should invest is your time.

truongdhnh
Sr. Member
****
Offline Offline

Activity: 419


Best IoT Platform Based on Blockchain


View Profile
August 22, 2017, 06:30:33 AM
 #86

Before investing money, I would strongly recommend you to invest your time in learning the stuff and the market behaviour. Crypto market is a wild in terms of price volatility so you can always find the good opportunity in a period of short-term but if you are investing any amount without any research then you are likely to lose your capital (I have lost my 100% capital when I used to invest based on other's opinion in my initial days of trading/investing). Learn and understand the behaviour of the market, see what aspects affect the price and study about the long-term scope of any particular idea. The first thing you should invest is your time.
This is good sound advice that I think everyone should follow. You should starting out small yourself and learning along the way. You definitely have short term, as well as long term goals, and plan to reach your goals step by step.


     
     ██
    ███
  █ ███
 ██ ███
 ██ ███
 ██ ███
 ██ ███
 ██ ███
 ██ ███
 █  ██
   



         ▄▄▄██████████▄▄▄
      ▄████████████████████▄
    ▄████████████████████████▄
   █████▀▀▀▀▀▀███████▀▀▀▀▀▀████
  ██████      ███████      █████
 █████████▌   ███████   █████████
▐█████████▌   ███████   █████████▌
████████                   ███████
▐███████▄▄▄   ▄▄▄▄▄▄▄   ▄▄▄██████▌
 ██████████   ███████   █████████
  ██████▀▀▀   ███████   ▀▀▀█████
   █████      ███████      ████
    ▀████████████████████████▀
      ▀████████████████████▀
         ▀▀▀██████████▀▀▀


 
 ▄▄         ▄▄             ▄▄
▐██▌       ▐██▌           ███▌
▐██▌       ▐██▌     ▄▄▄▄▄▄███▌      ▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄
▐██▌       ▐██▌   ▄██████████▌   ▄███████████   ▄██████████
▐█████████████▌  ███▀     ▐██▌  ▐███▀     ███  ▐███▀
▐██▌       ▐██▌ ▐██▌      ▐██▌  ███▌      ███  ███▌
▐██▌       ▐██▌  ███▄     ▐██▌  ▐███▄     ███  ▐███▄
▐██▌       ▐██▌   ▀██████████▌   ▀██████  ███   ▀██████████
▀▀         ▀▀       ▀▀▀▀▀▀▀▀       ▀▀▀▀  ▀▀▀      ▀▀▀▀▀▀▀▀


██
███
███
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
 ██ 
  █

██    Whitepaper    ██
.
██████████████████████████████████████████████████████████████████████████████████████████████
.
FacebookTwitterBitcointalk
Mindin
Full Member
***
Offline Offline

Activity: 154


View Profile
August 23, 2017, 01:33:45 PM
 #87

You are too late to the game, about 4 years too late.
dababe
Jr. Member
*
Offline Offline

Activity: 41


View Profile
August 23, 2017, 01:41:28 PM
 #88

You are definitely not too late to the cryptocurrency game.
Anyone tell you that are missing a few important pieces to the puzzle.

You can still buy bitcoins or even satoshis and make money next week or into the future.

There are cryptos such as NEO, XRP, PURA, BTS, STRATIS and many many many more that you can buy and quickly flip or HODL.

So don't let anyone tell you that you are late to the cryptocurrency party!

You are right on time.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!