How to start investing with 1$?

[nelmari]

So here I am with about 1.5$ in my poloniex account today. What advice would you give me to make this 1.5$ into 150$ by the end of next year that is 2018?

Anyplace I could get to know about pump n dumps before they happen? Any particular cheap crypto that I should hold onto?

I will recommend that you will stop exerting much effort to your $1 right now. It is never worth it. Buy a top coin instead and stop your trading life there once and for all. I can see that you need to focus your efforts and talents on earning more dollars rather than earning more value from your $1. You will get nowhere with your current mentality. Do not  mind your $1, instead mind how to earn more of them. Try to increase your investment. That must be your concern for now and not where to invest your single dollar.

I agree with this kind of mindset, if you know how to get $1 then you are also capable of earning $150; then invest it once you have that amount of money. You wouldn't get anywhere if you just focus on making your $1 to $150 by end of next year, at least on the way to getting that amount you learned something too.

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[michellee]

if you want to try with $1 then you need to move your balance into bittrex. on that site, you can find many coins which will give you some flash pump. with flash pump, you can make double your balance but be careful, the flash pump happen for random coins so you need to watch out for every coin. if you can invest more your money, for example, $100 then I think you can have much amount and you can buy several coins.

[Omega Weapon]

i guess it would be a damn hard experiment for you. is there any progress?
personally i would increase my starting amount, to make it easier, and to make sure i can pay off the fee ..

Yes, but I don't think I'll be able to complete the challenge, I turned that 1.5$ to 2.2$ but the progress has been slow.

I do not know how long it took you to obtain those profits but that is a 46% increase which is very good now the only thing you need to is to obtain a bigger capital if you were trading with 10000 dollars you would have 4600 profits already, think about it, the only difference between your profits and that number is simply your starting capital, so get more money, get a second job or something.

[LGD2Business]

For $1.5 you can buy 20 packs of half liter bottle water. Go to a traffic light and sell them $0.25 each. You can sell them all in 2-3 hours most. Now you have $5. You made $3.5 profit with only $1.5. Now repeat it until you have some decent money to invest crypto-currencies. I suggest you to have at least $100. Then you can invest $100 and sell water at the same time. Because you need to invest for long term. Good luck!

[5ensei]

It is not impossible but does require an element of luck. You need to pick a coin that will go up 10x. Look at something like xspec which is under marketed and undervalued. You'll also need patience as it will take time to rise.

[geraldgold]

1.5 -  exchange fee. so u will have 0 by just paying gas..hahaha

[Usui-Chan]

You can probably buy an altcoin which you think that can make it through the market. New coins are much cheaper when they're just an ICO so you better watch out for the hot and trendy one because their prices might go higher sooner or later.

[ololajulo]

 $1 is small to think of investing because I will advice you putting your investment in more than one to manage risk, Except for bitcoin and ethereum now, You should always plan to move out from a project and swap, just to give opportunity  for more growth and expansion but it requires due diligence

[Omega Weapon]

For $1.5 you can buy 20 packs of half liter bottle water. Go to a traffic light and sell them $0.25 each. You can sell them all in 2-3 hours most. Now you have $5. You made $3.5 profit with only $1.5. Now repeat it until you have some decent money to invest crypto-currencies. I suggest you to have at least $100. Then you can invest $100 and sell water at the same time. Because you need to invest for long term. Good luck!

That is something that I would never think for myself, but it show to us an important principle, if you want to make money you need to come up with your own ideas, and since the op wants to invest such a low sum of money then it is safe to assume this is a method that he could use to raise some capital, besides this will give him time to learn how to trade since it is not as easy as some people think.

[Aljohn08]

Its very hard to invest that small amount even $50 its very hard to make profit .. My advice you is try to work in faucet it gives you free btc or other crypto currency ..it gives small amount too but if you save it for the future you can earn big ,the important is they will give you free coins or join in some bounty in marketplace(altcoins) all you need to do is to wear the designated signature code and follow there rules

[puremage111]

So here I am with about 1.5$ in my poloniex account today. What advice would you give me to make this 1.5$ into 150$ by the end of next year that is 2018?

Anyplace I could get to know about pump n dumps before they happen? Any particular cheap crypto that I should hold onto?

With such amount, as long as you don't move or cashout your money. The fees might not kill you.

If you are looking to play with $1, the transaction fee from sending from the Platform to exchange would result a negative number. Hence, you gotta earn it back fast.

How?
Day trading
An estimated of 3% Day trading profit would result your $1 compound to $2.43 in a month

What if you can make more? Lets see the Difference. 30 Days result

$1 | 3% | 30 Days = $2.43
$1 | 5% | 30 Days = $4.32

A 2% Difference merely make extra 100% Profit.

Aside from that, you don't day trade just one time. Lets make the lowest out of lowest profit. 2% - 0.1%(fee) = 1.9% Per Trade

Lets say you averagely make 1.9% and you compoundly invested the earned amount with initial earning.

$1 | 1.9% | 3 Trades Per Day | 30 Days = $5.44

[flaming0]

Its very hard to invest that small amount even $50 its very hard to make profit .. My advice you is try to work in faucet it gives you free btc or other crypto currency ..it gives small amount too but if you save it for the future you can earn big ,the important is they will give you free coins or join in some bounty in marketplace(altcoins) all you need to do is to wear the designated signature code and follow there rules

it's even hard to invest with $500 brotha

[Lord casanova]

yes there was an opportunity today I was going through the top 100 currencies  on CMC and there i saw mnx coin it was trading for 2$ on 2 November at that moment if you purchase that coin then that single coin at the moment has the worth of 50$. it all about the right decision and right time

[albio87]

 i think you should learn the basis of both trading and crypto world in general, watch the market, don't be greedy, then start here on the forum tu buil your own rank and reputation, try to partecipate in bounty programs and gain token, then without investing money you will build your portfolio, so zero risk and a lot of skills acquired during the time.

Then if you need an help or you wanna improve your possibility of doing good trades you should look at my signature, i'm supporting the algory project, that is a powerful and multifunctional tool for cryptocurrency trading.
They are going to raise money to develop an incredible tool that is at the same time  :
-A powerful Cryptoscanner
-A news Streamer in the Crypto world
-A blockchain Analyzer
-An ICO analyzer
-A Cryptoviewer
-Allow you to backtest your filters and alerts

so will give you all you need to be always prepared to trade at your best.

[my_cryptos]

$1 is small to think of investing because I will advice you putting your investment in more than one to manage risk, Except for bitcoin and ethereum now, You should always plan to move out from a project and swap, just to give opportunity  for more growth and expansion but it requires due diligence

This is a very small amount, but it can make a profit. But the author of the thread should understand that with such a small amount of investment he will not get a very big profit

[Omega Weapon]

When I started investing, ethereum was less than 1 dollar

But those times are never going to come back, 1 dollar was fine back then since as you said you needed that to buy 1 ETH if we use your analogy we need at least 462 dollars to buy 1 ETH right now, anything less than that is simply not enough, bitcoin fees can be quite high so investing a dollar is just a waste of time and as time passes the minimum amount needed to invest in crypto is only going to grow.

[tendy263]

Join Airdrops and use the 1 buck for gas and sell the airdrops, grow your stash from there. I started with $5 and in two months I have made $300.00   

[Kazuna]

This could be quite interesting experiments you can find some coins that are around 0.11 cent or higher or lower and try to trade them

[vasoweee]

When I went into the subject, I already knew what the answers would be. I was not mistaken.
You need to start with 100$. You need to worry about the amount of investment and check from time to time.
1$ it is enough to make a cryptokitties laugh.

[noloco]

When I started investing, ethereum was less than 1 dollar

But those times are never going to come back, 1 dollar was fine back then since as you said you needed that to buy 1 ETH if we use your analogy we need at least 462 dollars to buy 1 ETH right now, anything less than that is simply not enough, bitcoin fees can be quite high so investing a dollar is just a waste of time and as time passes the minimum amount needed to invest in crypto is only going to grow.

He could find the equivalent to bitcoin in 2017 and then wait for 10 years... trading money for time