How to start investing with 1$?

[khokon150]

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?

How it's possible man? I think it's impossible thinking because 1.5$ is nothing amount for trading it's just exchange fee.You want to 1.5$ into 150$ it's very difficult.Alt coin rate always move every second anytime your 1.5$ turn into 0.20$-0.50$

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[e-coinomist]

Dogecoin. you can learn how to trade, then micro trading /10 trades in 2 minutes)  and at last margin trading.

actually, Dogecoin is also difficult to try. because people will buy big amount of dogecoin and sell it when the price is increasing even just 1 or 2 point.
and when the price is increasing, you get nothing cause you don't get the coin to be sold.

Good observation! The probability to get a trade depends upon own weight versus orderbook depths.

He could try DOCE/LTC markets on Cryptopia, those are pretty threadbare.
Or relocate to CoinGather or BitGrail if no affinity of switching for LTC exists. Personal decisions.

[jmigdlc99]

Just buy bitcoin and trade its volatility. Keep researching constantly, join signal groups, crypto dicussion, and basically maximize every other information source you can. News is very valuable in crypto. If you get word of a big event before others, it can help you make a lot of money in the short term.

You could also try your luck with gambling and get cheated out of your money anyway.

[Delicat]

dont waste your time if you can only spare 1$ to invest. for starter, you can try save more money and work part time/ full time. at the same time, do some paper trading and learn more info on crypto.

[cryptokingz]

ass and titties....

[jatin729]

I think 1$ investment is very low for crypto world. At least you have 10 usd to start trading on crypto exchanges.
Or you can purchase ICO token which is having lower value. It maybe rise in future and you will gain some profit from 1$ investment.

[Kevin77]

1)Buy an apple for 1 dollar.

2)Then sell it for 2 dollars and buy 2 apples.

3)Repeat with 4, 8, 16, 32 apples and so on, until you managed to sell 3500 apples for 7000 usd.

4)Buy a bitcoin

Any trading advice with cryptos would be great.

The best trading advice is what he has told you and you cannot really get it better until you hit the net and do research and gain some knowledge by yourself.

Nevertheless, you should know that it is not as easy as it sounds. It looks good on paper converting 1 to 2, and 2 to 4 and so on, but in reality, you have to consider losses, which as far as I am concerned, it is better you keep watching your BTC grow in value and see what becomes of it in the next 7 years or get a job like someone rightly said. Bitter, but just the truth.

[shohelalam]

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?

First welcome to crypto world and also trading world. you want to do some think in trading Platform. As you say you want to start with 1.5$ and Makes 150$. I don't think is possible at this time. 1.5$. Its low amount in trading market. if you want to observation for trading It's Ok.. My advise increase your amount, Pick the right Idem and holding for end of next year of 2018. You will be touch your goal.   

[Omega Weapon]

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?

This is the lowest budget I have ever seen, I know that you can try this as an experiment but if you are going to use such a low amount of money then why don't you make paper trades instead, you assign yourself whatever imaginary amount you want and keep track of your trades in a spreadsheet, you are going to get more benefits doing that as a completely theoretical exercise than to try to make 1.5 dollars into 150 dollars.

[cryptohorsee]

If you have only 1$ to invest just buy a beer and forget about investing. If you still want to invest go to normal work get some money and then try to invest. I think that is the best strategy because you cant profit from 1$

[Agozyen]

Get a job.

Nice reply  Get a job. But if you are still a student and do not have enough time to work, focus on bounty campaigns on your free times. You will get some profit to invest if you focus on good projects.

Airdrops, bounties and signature campaigns make this experiment irrelevant.  Spending the time and energy on this will yield nothing.  A better experiment would be to to start with a higher amount to give yourself a different metric to shoot for, like a really high rate of return.

You wouldn't need money to do this either, just run it like a fantasy football league.

[coinplus]

I would advice you to add a few more dollars and buy a good undervalued altcoins which have potential of making it in the near future. The thing is most exchanges have a minimum buying rate of 50 000 sat and $1 is worth around 24-25 000 sat, so having $1 on your wallet might limit you to buy some cryptocurrencies. Once you have managed to put in a few more dollars, try day trading, buy when its low and sell when its higher, don't forget that. You might even make more than $150 profit within a year.

This is just the best thing to do. There is no need rushing to do anything when it is not feasible yet. A lot of patience is building up what one has before starting to invest is what is important. The OP can just use the present moment to learn where his investment is going to lie. If it is trading, he should start learning so that once he is able to build up pretty well, then he can start getting his hands dirty.

$1 is extremely too small as far as I am concerned and I wonder how that would pass through being sent to an exchange without disappearing into thin air with fees. Except if it is already in an exchange, the dips would have been the best option to buy but now that the alts are already going back high, I doubt if that would be relevant anymore.

[Ninja Sword]

The only way I found here to make a profit is to make campaigns.

[1101labu]

1,5$ is really a short amount.... and make it 150$ in 1 year seems to me really difficult. (that's x 100, so... 10000% return on investment?)
AFAIC I would  try 2 eventual strategies :
1-  like someone said buy an apple (assuming the 1.5$ is already in the exchange), that's to say 1 unit of an alt which actual rate is between 1 and 1.5$ and wait the rate makes x2 (so +100%), sell, then wait to buy it again when it's low enough, or buy 4 units of an other kind of apple, or a peer, then wait a + 100%...
2- Or buy a bunch of srawberries or cherries for a few cents each unit (from 0.01 to 0.2) , with low caps, and whom projects, tech. features or whatever seems to have an interesting future application, or brings something new to the blockchain ecosystem (keeping in mind that like 90% of the currencies here, it's only mental projections and presumptions on what MIGHT or COULD be their future applications... so it's a gamble). Then hodl, or buy a bigger bunch of another promising one if you make some profit. And never sell in a panic movement, but only when you make profit, even if it's only 2 or 3%.

I would chose the 2d approach, but for a real experiment,  I would simultaneously try the 2 paths  to see which is the more efficient. And I don't think it can make x100 in one year, but maybe x10? But in crypto world, who knows...

So maybe 1.5$ on the first option, 1.5$ on the 2d one. To be honest, I would throw at least 10 or 20 bucks at it, to be a little more comfortable with the alts I pick up and diversify a little...

[cleanthoseteeth]

$1 is not enough 

however the best thing to do with small capital is to invest in big risk coins!

[just_Alice]

With $1 you should invest in risky projects so you either lose it or make 100x profit.

I recommend investing in IOTA (MIOTA) and Ripple (XRP). Although we can't exclude the possibility of those coins failing there are chances they will rise 100x. Ripple can rise because of the good support and IOTA is a very promising coin from what I hear from some crypto experts I know personally.

[Omega Weapon]

One dollar? Damn and I thought that I didn't have enough capital to invest. Dude, with one dollar you ain't doing anything - the fees that are charged from exchanges usually take 1-2 dollars, which mean you are likely to be indebted by 100% if you try to "invest" that one dollar. Please try to get some more money and put it then into crypto.. one dollars makes no sense.

One dollar is not even enough to pay the current bitcoin fees, it seems some people have a completely mistaken idea about the state of bitcoin, one dollar may have been enough right at the beginning of cryptocurrencies but now after almost 10 years if you want to make money you need to be ready to invest a good sum of money as well, one dollar is not going to cut it, in my opinion you need at least a few hundred dollars if you want to make some investments.

[1101labu]

One dollar? Damn and I thought that I didn't have enough capital to invest. Dude, with one dollar you ain't doing anything - the fees that are charged from exchanges usually take 1-2 dollars, which mean you are likely to be indebted by 100% if you try to "invest" that one dollar. Please try to get some more money and put it then into crypto.. one dollars makes no sense.

One dollar is not even enough to pay the current bitcoin fees, it seems some people have a completely mistaken idea about the state of bitcoin, one dollar may have been enough right at the beginning of cryptocurrencies but now after almost 10 years if you want to make money you need to be ready to invest a good sum of money as well, one dollar is not going to cut it, in my opinion you need at least a few hundred dollars if you want to make some investments.

I don't know for sure... of course you can't pay the bitcoin fees, but in investing in really cheap alts, and with luck, maybe he could do something.
In an ideal world, I'd like to think that even people with really short income could invest in crypto and achieve some projects (maybe not to be rich, but to build something).
Plus we mustn't forget there are nowadays, even in Europa, countries where the minimum monthly income is 250 or 300$. So 1$ doesn't have the same relative value at all !! From that perspective I think we shouldn't discourage such initiatives.

[zikabra]

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?

There are only 2 options:
1)Buy cheapest altcoin and hope it will skyrocket next year
2)Wait for couple more years until someone invent time machine, go back to 2009., buy bitcoins, return to 2017. give bitcoins to younger you and tell yourself to sell it in 2018.

[pinoyden]

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?

There are only 2 options:
1)Buy cheapest altcoin and hope it will skyrocket next year
2)Wait for couple more years until someone invent time machine, go back to 2009., buy bitcoins, return to 2017. give bitcoins to younger you and tell yourself to sell it in 2018.

i will agree with your first suggestion but on number two, lol thats insane strategy and probably wont work .he even cant buy any coins because he cant pay the tranasction fees with that said amount. @ op i suggest add another dollar to your account to be able to purchase something but dont expect too much because youll just be dissapointed at the end.