How do I start investing in cryptocurrency?

[Mindin]

I prefer to invest in coins that have 400-1000% last 3-6 month. And they have good wallet.
Also some percent of my assets is coins on eth

But this is Risky as well who knows if thy continue to grow like this...

After a 1000% pump, you might just as well be on the receiving end of a dump. I would be very carefull.

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[TheKeyLongThumbI]

I prefer to invest in coins that have 400-1000% last 3-6 month. And they have good wallet.
Also some percent of my assets is coins on eth

But this is Risky as well who knows if thy continue to grow like this...

After a 1000% pump, you might just as well be on the receiving end of a dump. I would be very carefull.

Correct. You are just going to be a bagholder of an altcoin for a long time. It's not a smart move buying coins that already pumped. Maybe try buying altcoin with low values that has the potential to rise.

[Mindin]

I prefer to invest in coins that have 400-1000% last 3-6 month. And they have good wallet.
Also some percent of my assets is coins on eth

But this is Risky as well who knows if thy continue to grow like this...

After a 1000% pump, you might just as well be on the receiving end of a dump. I would be very carefull.

Correct. You are just going to be a bagholder of an altcoin for a long time. It's not a smart move buying coins that already pumped. Maybe try buying altcoin with low values that has the potential to rise.

That's right. A recent example of this is CHC, massive pump, epic crash leaving behind a lot of bagholders.

[drachman]

You can definitely buy part of a bitcoin and not a whole coin. There is no benefit to buying a whole coin.

It is difficult to say if now is a good time to invest or not. We'll have to see what happens with Segwit, but long term it is probably still a good investment.

At the moment it is too expensive to buy bitcoin, the price has gone up very rapidly in this last week so I think it could be a good idea to wait since I think there are good chances the price goes down a little bit in the next days or weeks.

[bluedude]

You can definitely buy part of a bitcoin and not a whole coin. There is no benefit to buying a whole coin.

It is difficult to say if now is a good time to invest or not. We'll have to see what happens with Segwit, but long term it is probably still a good investment.

At the moment it is too expensive to buy bitcoin, the price has gone up very rapidly in this last week so I think it could be a good idea to wait since I think there are good chances the price goes down a little bit in the next days or weeks.

Totally agree. Wait a bit for the price to stabilize before you get in

[cryptokitty]

I have been reading and lurking in this forum for almost half a year now. I think its about time to participate.

[cryptokitty]

Is 100usd is enough or to small to start with trading? What is the ideal amount?

[be_conscious]

Is 100usd is enough or to small to start with trading? What is the ideal amount?

it depends on how much do you want to get. in some cases 100$ is ok, for example if your going to invest in ICO which will make 10X

[sukiho]

By getting all the information as many as possible, ask the forums your circle and set your goals right and track the progress to learn whether you are doing it right or wrong.

[dao-casino]

the best way to invest into the crypto world is bitconnect

bitconnect is a community driven platform that allows you to earn interesst on your investment of up to 40%/month

bitconnect is also a coin which is currently nr 12 on coinmarketcap with a marketcap of more than 700 million$

I suggest you visit
www.bitcoinnect.io for more Information or you can contact me at
support@bitconnect.io if you have any questions

How does bitconnect work?

you get bitcoin and deposit it onto the bitconnect platform and you lend out any $ aomount of more than 100$
you will receive daily interesst payments into your account which you can either withdraw or reinvest for compounding interesst

Bitconnect has a very strong helpfull and active community and lots of new things are about to happen with bitconnect in the near future

like smartcard
physical office locations around the world(learning/education centers)

and a few other things like a bitconnect song

again here is the address
http://bitconnect.io
and for questions and support send email to support@bitconnect.io
Im glad to help you getting started

Remind: Never invest more than you can afford to loose, this goes for every investment

[namjey]

I started trading with $150. didn't make big profit yet, but it's growing.

[wildlandlord]

I started trading with $150. didn't make big profit yet, but it's growing.

In your opinion how fast your profit will grow? I'm asking because I don't have too much money for invest or trading.

[dao-casino]

I started trading with $150. didn't make big profit yet, but it's growing.

i turned 150$ investing in bitconnect.io in June into 80$ daily earnings

[Miyuki024]

I'm a newbie as well with regards to altcoin. What is a good altcoin to invest?  Thank you.

[project_circle]

As we have spent 2 years of test marketing on people's awareness in this industry within some Asian countries, we figured the wisest way to welcome new users into the field is to provide an online wallet with one-click exchange to BTC for example.
The Philippines was the best in our conclusion, due to high demands by the OFWs, although they don't understand well about how they work or how to wisely purchase them.
If you want to invest, then it's probably wiser to study the value differences of several major exchanges and try to purchase at the lowest, but also want to watch out if the system is stable enough.

[bilman]

now the price will be rather higher. and i feel is a good time to go in as well. good luck

[Gurev]

Is 100usd is enough or to small to start with trading? What is the ideal amount?

In my opinion, $100 is the minimum amount to start investing. Because if you try to invest less, commissions (for transactions in BTC/ETH network) will be significant in relation to your investment.
But you should be aware that you could lose the whole amount of invested money. So you should invest only amount of money, which you can afford to lose.
Good luck!

[JTASSOCIATES]

My suggestion is watch the YouTube videos which clearly clarifying about the investment in cryptocurrency  also suggest the Bitcoin as first preference due to its rate. Good Luck

[drachman]

You can definitely buy part of a bitcoin and not a whole coin. There is no benefit to buying a whole coin.

It is difficult to say if now is a good time to invest or not. We'll have to see what happens with Segwit, but long term it is probably still a good investment.

At the moment it is too expensive to buy bitcoin, the price has gone up very rapidly in this last week so I think it could be a good idea to wait since I think there are good chances the price goes down a little bit in the next days or weeks.

Totally agree. Wait a bit for the price to stabilize before you get in

Correct this is a classic newbie mistake they get excited about bitcoin and then they buy near the tip and from there the only thing bitcoin can do is to go down in price, this is why it is better to try to find the best point to enter the market and most of the time that is when the price is at its lowest.

[Cryptomover]

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?
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