nordiclight26 (OP)
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December 18, 2017, 05:45:28 PM
Last edit: December 18, 2017, 09:56:17 PM by nordiclight26 |
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Hello, communityMaybe my topic will be too naive and too stupid but still, perhaps some beginners can use it as some guide for them. So I hope people will understand my situation and will share some advises with me.  I completely new in cryptocurrency market and I'm also completely new in all this investment theme. I heard about Bitcoin even before last events but there was issues I never bought it. First of all, I always was thinking I just cant invest any proper amount in such things to make good or at least some profit on it. But now, when I see that some people spent price 'till 100 USD/EUR and then all this rising happened. There were even people, who bought Bitcoin for 15 bucks!.. And this Ether was 15 bucks in the beginning of 2017, if I'm not mistaken. But now... Oh, it must be 750 or something. So I decided, I would like to make some investments but as I don't have any experience in it, I started to google, of course. But still, my questions contains personal issues so it seams I need to post all this here with hope that I will receive good answer. Because I already tried to find answers on my questions but it looks like they are just too naive and too stupid, so nobody is even speaking about them... The things is, I dont have money to buy even 1 Bitcon.. 1 Ether either. So as Im completely noob in all this stuff, my first idea was to buy some less expensive currency. Probable few of them. Maybe 1 or 2 of such currencies will start their rising in 2018... But then I realized, that maybe its possible to buy Bitcoin for lesser price, I mean, to buy one-hundredth part of whole. So, I found that it's possible. On Bitcoin dot Info there is 50 Eur is minimal amount. So, here is then main question - is it worth of it?.. To buy it on 50... Then wait. Maybe sell some of it, to receive some money back, and wait... Or there must be some minimal amount of Bitcoin for selling?.. Because for now, looking at interface there, all I saw it's minimal amount of selling in EUR but not in Bitcoin. Maybe I'm just too noob to understand so basic things but still... Because I think, it would be great for me to buy some amount, then sell some of it to have some profit already and rest will remain for the future. That were my first thoughts because, as I said, I don't have any experience in it at all.  Also, I was thinking about this other currencies. But... It's possible only to buy most of them via Bitcoin. So... I need to figure out what to do with Bitcoin first. 
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BelieveInBitcoin
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December 18, 2017, 09:54:34 PM |
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Simplest advice: buy BTC because it's more reliable than the alts. Maybe once you've got a load of BTC you can risk diversifying into alts. Buy a minimum of $100 (or equivalent in your currency) otherwise you risk losing a significant proportion in fees. Buy more whenever you get the chance (e.g. $100 per month).
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squatz1
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Flying Hellfish is a Commie
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December 18, 2017, 10:15:42 PM |
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Just as a note to you, I wouldn't refer to Bitcoin as any sort of your normal investment. Any money that you have in Bitcoin right now could be as good as gone, one day it could all be wiped out and there's nothing that you could do about it. Investing in Bitcoin is as speculative as penny stocks, just make sure to note that
You wouldn't want to use money that you rely on for Bitcoin investing -- that'd be hurtful towards you, your future, your family, etc.
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blue_id69
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December 18, 2017, 10:27:58 PM |
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you still can buy a bitcoin with 100 bucks though, but if you want toinvesting to an alt go to coinmarketcap and see top 100 crypto there, pick some of them and youll make a good profit from it.
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Vannie12
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December 18, 2017, 10:34:27 PM |
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Just as a note to you, I wouldn't refer to Bitcoin as any sort of your normal investment. Any money that you have in Bitcoin right now could be as good as gone, one day it could all be wiped out and there's nothing that you could do about it. Investing in Bitcoin is as speculative as penny stocks, just make sure to note that
You wouldn't want to use money that you rely on for Bitcoin investing -- that'd be hurtful towards you, your future, your family, etc.
Most of the time I prefer bitcoin as a good investment. But due to the scaling problems, there is nothing that I could brag about it. It's too high to invest and not to mention the fees that you could have at least profit. But here is what I think, may be it's not to late. I am not recommending you to buy but work for your earnings. It's the only way you can hold amounts in BTC without investing or risking your money yet it will take you months before boosting your account. |
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edleetheone
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December 18, 2017, 10:34:55 PM |
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I think investing in cloud mining is the best way to make most out of bitcoin right now. https://hashflare.io/r/8212DF10and use code HF17PROF5 to get 5% discount |
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Washball
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First crypto index traded as a token!
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December 18, 2017, 10:46:03 PM |
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Of course you could buy a small part of bitcoin and wait till it's grown, but if the amount is too small and the fees are too high then maybe you could invest in altcoins. There are some altcoins like ripple, which are not so expensive yet and could go up in price. Especially next year, which will be the year of altcoins.
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MoonHodler
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Bitcoin: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu
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December 18, 2017, 11:23:08 PM |
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To help you understand, how much can you buy today:
$20,000 = 1 Bitcoin (1,000,000 Bits)
$2,000 = 0.1 Bitcoin (100,000 Bits)
$200 = 0.001 Bitcoin (10,000 Bits)
$20 = 0.0001 Bitcoin (1,000 Bits)
$2 = 0.00001 Bitcoin (100 Bits)
so 1 Bitcoin = 1,000,000 Bits (units like 1$ = 100 Cents)
so if you only have $20 and buy Bitcoin you will get 1000 Bits or 0.0001 Bitcoin.
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Enjoy your life, one day at a time. Bitcoin Address: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu
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nordiclight26 (OP)
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December 18, 2017, 11:24:54 PM
Last edit: December 18, 2017, 11:40:56 PM by nordiclight26 |
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Simplest advice: buy BTC because it's more reliable than the alts. Maybe once you've got a load of BTC you can risk diversifying into alts. Buy a minimum of $100 (or equivalent in your currency) otherwise you risk losing a significant proportion in fees. Buy more whenever you get the chance (e.g. $100 per month).
Okay... So it means fees are too high enough here? I went to this blockchain website, (dot com). That is the main website and it provides free wallet as well. There are high fees? If you can advise any other links, would be good. Also, my currency is EUR. |
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nordiclight26 (OP)
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December 18, 2017, 11:31:22 PM
Last edit: December 18, 2017, 11:41:41 PM by nordiclight26 |
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Just as a note to you, I wouldn't refer to Bitcoin as any sort of your normal investment. Any money that you have in Bitcoin right now could be as good as gone, one day it could all be wiped out and there's nothing that you could do about it. Investing in Bitcoin is as speculative as penny stocks, just make sure to note that
You wouldn't want to use money that you rely on for Bitcoin investing -- that'd be hurtful towards you, your future, your family, etc.
That is pretty obvious for me. So I will not spend money which I need for other plans, goods and so on. But there are possibilities that all this will go further and investments will be still profitable, isnt it?.. Also, I was thinking about Ether as well. But to buy it I need to buy Bitcoin first and then exchange it on Ether, isn't it?.. In this case it would be better to keep some Bitcoin already, perhaps. It is ideal, I think, if you keep investing money in Bitcoin/Altcoin which you already made on Bitcoin/Altcoin. |
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nordiclight26 (OP)
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December 18, 2017, 11:51:05 PM |
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Of course you could buy a small part of bitcoin and wait till it's grown, but if the amount is too small and the fees are too high then maybe you could invest in altcoins. There are some altcoins like ripple, which are not so expensive yet and could go up in price. Especially next year, which will be the year of altcoins.
I had same thoughts. So it probably means that its better to buy few of altcoins of few kinds and keep waiting. But I heard that its mostly possible only to exchange Bitcoin on them. Any other ideas which Altcoins are worth of it? |
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nordiclight26 (OP)
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December 19, 2017, 12:15:26 AM |
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To help you understand, how much can you buy today:
$20,000 = 1 Bitcoin (1,000,000 Bits)
$2,000 = 0.1 Bitcoin (100,000 Bits)
$200 = 0.001 Bitcoin (10,000 Bits)
$20 = 0.0001 Bitcoin (1,000 Bits)
$2 = 0.00001 Bitcoin (100 Bits)
so 1 Bitcoin = 1,000,000 Bits (units like 1$ = 100 Cents)
so if you only have $20 and buy Bitcoin you will get 1000 Bits or 0.0001 Bitcoin.
SO it means I can buy 100,000 of bits, then sell 10,000 of bits, for example, and so on?.. I checked blockchain dot com and there was minimal amount in 50 eur of buying and 48 eur of selling. And nothing abot amount of bits. So it means it all depends on price in eur. Now I can sell about 0.003 for this price, and then it will be more/less. I got it. Now I "just" need to understand how can I make any profit with it for myself. |
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