Beginner asks

[Finpow]

Hello to all,

This beginner has couple of questions.

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

Does the one day exchange work with crypto or is it profitable at all? I mean like I buy at the morning and sell at the evening?

ICO, should ICO invest be more close to 1, 10 or 50 BTC total, or what would you invest if the project would look something good to invest in long term?


Thanks!

[1714846976]

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[Thyaga]

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

if you believe in a coin that you think surely will profit better you buy that coin with all your money but remember in trading there is no coin that surely profit, carefully.

[ikilledcobain]

Hello to all,

This beginner has couple of questions.

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

Does the one day exchange work with crypto or is it profitable at all? I mean like I buy at the morning and sell at the evening?

ICO, should ICO invest be more close to 1, 10 or 50 BTC total, or what would you invest if the project would look something good to invest in long term?


Thanks!

As to your first question, there's no straightforward answer. As to my personal opinion - diversity is generally better for investing. That being said, there's no ideal number of coins to have. You need to research the ones that are out there and pick a few that you think are worthwhile. If I may put a plug in, I think a relatively new one you should get in early to is Deep Onion (Yes, I'm definitely biased as you can see by my signature)

To your second question, you can certainly make money day trading. It's a risky business though, and you should definitely be prepared to lose money unless you really know what you're doing. I know my limitations and I tend to hold instead of trying to turn a quick trade profit.

I'm not sure I understand your third question to be honest with you. If you think it's a worthwhile project, then invest what you can afford. If you become an active member of this forum, you'll also find opportunities to take part in airdrops or signature campaigns for free. This is another good way to diversify your portfolio.

I hope that helps.

[boerthwi]

With more diversity in coins come more possibilities to trade - but also more risk.

If you stick with coins that already have proven that they are legit (see the few ones with biggest market cap) you should be fine.

[WildWestRider]

Hello to all,

This beginner has couple of questions.

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

Does the one day exchange work with crypto or is it profitable at all? I mean like I buy at the morning and sell at the evening?

ICO, should ICO invest be more close to 1, 10 or 50 BTC total, or what would you invest if the project would look something good to invest in long term?


Thanks!

As to your first question, there's no straightforward answer. As to my personal opinion - diversity is generally better for investing. That being said, there's no ideal number of coins to have. You need to research the ones that are out there and pick a few that you think are worthwhile. If I may put a plug in, I think a relatively new one you should get in early to is Deep Onion (Yes, I'm definitely biased as you can see by my signature)

To your second question, you can certainly make money day trading. It's a risky business though, and you should definitely be prepared to lose money unless you really know what you're doing. I know my limitations and I tend to hold instead of trying to turn a quick trade profit.

I'm not sure I understand your third question to be honest with you. If you think it's a worthwhile project, then invest what you can afford. If you become an active member of this forum, you'll also find opportunities to take part in airdrops or signature campaigns for free. This is another good way to diversify your portfolio.

I hope that helps.

How often do you take notice of a coin that offers a free airdrop?  I'm not in a position to sink much fiat into a coin, but if I can start out supporting a new altcoin and turn it into something, I will be later.  Not asking for any specific plugs, just your opinion generically related to altcoins.

[DaMut]

As a trader you can not bet all of your belonging to one horse.
which mean you need to divide it into multiple or atleast 3 minimum.
the more you divide it the less it will be,i mean the percentage that you will lose it all decreasing.
because you have many bullets to shoot.

do not invest in ICOs if you're newbie in crypto,
i am not saying that i am an expert,but there're a lot of shit people out there.
they're barking how good they're and their project,but when the time comes they gone.

do not do day trade,i mean you buy it in the morning and sell it in the evening.
because if you do that,your emotions will take control of your body.
and most people lose their money so badly because of it.
just make a preparation for a mid term and keep doing a research.

someday you will start to understand it all,
and you can walk to another stage.

[ikilledcobain]

How often do you take notice of a coin that offers a free airdrop?  I'm not in a position to sink much fiat into a coin, but if I can start out supporting a new altcoin and turn it into something, I will be later.  Not asking for any specific plugs, just your opinion generically related to altcoins.

Not a problem, it's a good question. Generally, if there's an airdrop going on, I'll take a look at the whitepaper and gauge the community interest based on how much discussion the thread is generating. To be completely honest, if it's an easy enough sign up and appears to be legit, I'll give it a shot. That being said, more fail than succeed.

The airdrops and signature campaigns are a good reason to actually contribute and be helpful on the forum as well. For most of them, you have to have a certain level rank to be included.

Deep Onion, that I mentioned earlier, is a great example of this. This coin is going places, but to participate, you have to have registered your account before a certain date and be at the level of member. You also need to actively contribute on this forum and to make useful posts.

At any rate, the more time you spend here, the better you'll get at figuring out what looks legit and worth your time. Hope that helps.

[WildWestRider]

How often do you take notice of a coin that offers a free airdrop?  I'm not in a position to sink much fiat into a coin, but if I can start out supporting a new altcoin and turn it into something, I will be later.  Not asking for any specific plugs, just your opinion generically related to altcoins.

Not a problem, it's a good question. Generally, if there's an airdrop going on, I'll take a look at the whitepaper and gauge the community interest based on how much discussion the thread is generating. To be completely honest, if it's an easy enough sign up and appears to be legit, I'll give it a shot. That being said, more fail than succeed.

The airdrops and signature campaigns are a good reason to actually contribute and be helpful on the forum as well. For most of them, you have to have a certain level rank to be included.

Deep Onion, that I mentioned earlier, is a great example of this. This coin is going places, but to participate, you have to have registered your account before a certain date and be at the level of member. You also need to actively contribute on this forum and to make useful posts.

At any rate, the more time you spend here, the better you'll get at figuring out what looks legit and worth your time. Hope that helps.

Cool, thanks.  I guess if you have no dinero into it and it fails, we lost a little time & effort.  Sounds like some are worth the shot.

[Finpow]

I thank you all from your messages. Ok, I’ll let the ICO’s and day selling be at this time and concentrate to buy coins, that I see will have the future. Same time trying to learn more about this game. This is not easy, but more interesting and faster than traditional stock investing.

[RodneyKings]

As a newbie I really think it is good to invest on ICO's but depends on what ICO. You really need to look for more information about it and see if it will really make it to the market. I've been watching some crypto reviews lately and based on it only invest 10 percent of your portfolio on ICO's so it won't really hurt you even if it goes down the drain.

[ipanks]

Hello to all,

This beginner has couple of questions.

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

Does the one day exchange work with crypto or is it profitable at all? I mean like I buy at the morning and sell at the evening?

ICO, should ICO invest be more close to 1, 10 or 50 BTC total, or what would you invest if the project would look something good to invest in long term?


Thanks!

If you are new in trading,then 3 different coins is enough because if you buy more than 5 coins, you can difficult to manage and watching each price of coins. Beside that you need more longer to analyze the coins.

If you are familiar with trading then there is unlimited coins you can have and you can do with easy. But you are doing good as you are new in trading crypto currency.

If in one day there is a good moving  from the coins and the price is up and down more than the price you bought, you can sell it to take profit. But if you expected that the price will increase more and you want to wait then its no problem.

For the ico, its hard to say one ico is the best than the other because the ico should giving good proof after its release. Personally, i am not trying to invest in ico because for me, its better to do trading with many coins.

[Jully Bells]

If you want to buy more than one coin then you have to have a lot of capital. It also takes more time to find information for your coin

[JonahCallan]

With more diversity in coins come more possibilities to trade - but also more risk.

If you stick with coins that already have proven that they are legit (see the few ones with biggest market cap) you should be fine.

That is of course in the altcoin market. Everything is risky. The more risk, the greater the profit

[Herdirfauzi]

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

if you believe in a coin that you think surely will profit better you buy that coin with all your money but remember in trading there is no coin that surely profit, carefully.

yes, according to your question, we must believe and believe that if you want to invest there, you should look briefly about the project and the potential of the project. the name of trading there must be profit and loss, it all depends on one's luck.

[Minor Miner]

My strategy is:
1. Choose the size of minimum stake that you are able to invest in one coin. It should be percentage of your deposit;
2. Choose the coin you want to invest. Don't be hurry and be careful. You have to use fundamental analysis here - watch at people opinion but always make your own research.
3. Suppose you are choose some coin. Now you have to find out the entry point. Entry point determines by technical analysis - it's pretty hard to do.
4. At the end you have to determine the risk of your investment. The easiest way is when price went down for correction. Divide maximum price of 3-6 months to current price - this is your profit index. Divide current price by the minimum price of 3-6 months - this is your waste index. (Profit index) / (Waste index) = Risk of investment. More value is better.
5. Depending on risk, fundamental research and so on you must decide how many minimum stakes you will invest. Moreover, it's pretty good to make orders at different price levels.

[Herdirfauzi]

If you want to buy more than one coin then you have to have a lot of capital. It also takes more time to find information for your coin

yes what you say if you want to buy more than one token, at least you are required to have a lot of capital, and to start you must have confidence in a project that you want to invest some of your capital

[zarados]

Hello to all,
Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

I think there's no ideal amount of coins to have , as long as you're choose the right entry point.  this is just a simple rules in cryptos, buy in the dips. If you want to invest some of your bitcion to alt, I suggest you pick a general alt, like ethereum, litecoin, ripple, or bitcoin cash.

Does the one day exchange work with crypto or is it profitable at all? I mean like I buy at the morning and sell at the evening?

did you mean day trader? Of course it's profitable to do day trading with crypto, but you'll lose a lot of potential of big profit than just hold it long term.

ICO, should ICO invest be more close to 1, 10 or 50 BTC total, or what would you invest if the project would look something good to invest in long term?

I dont know much about the ICO, but I've tried once, It's seems like you just need to be patience for its, even just for return your capital, it's need one semester or even more than a year.

[MiF]

Hello to all,

This beginner has couple of questions.

Investing to altcoins, let’s say that I have 0,2 BTC / month to invest. How many different coins should I buy or should I bet all to one horse? Now I am putting 1/3 in three different coins. How many coins is ideal or good to have?

Does the one day exchange work with crypto or is it profitable at all? I mean like I buy at the morning and sell at the evening?

ICO, should ICO invest be more close to 1, 10 or 50 BTC total, or what would you invest if the project would look something good to invest in long term?


Thanks!

In trading not all are gaining you must to consider and always ready to accept the risk so that it will not hurt you a lot if you fail. Investing in various altcoins will depend of the buy and sell demand in which in need of close monitoring of the value trend so better to choose your coins carefully. It is not advisable to do a one day buy and sell transactions because there is always fees in every transaction so it better for a week or a month consideration.

[oogone]

My signature is a link to an airdrop that might pay of and a newbie can also enter. I made good profit on some and are still holding some from airdrops dated back to 2014. My advice is to always keep an eye open for worthwhile airdrops. You might also find a community you like and a profitable project that way.