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Author Topic: How do I start out trading with $200?  (Read 1228 times)
Blake_Last
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November 12, 2017, 03:24:38 AM
 #21

I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

For $200 I can guarantee that you can buy lots of good coins out of it and profit from them. However, you need to have the knowledge when to sell or trade them, as buying is only the first step and selling it is second. So basically, you only need to buy coins that have potential and learn about the coins you have purchased. See if they are progressing or have steady developments and innovations because you can use it as an indicator when to sell them, especially when there's a chance of them being bullish.

Some altcoins that you might want to check out with potentials are HVN, AdEx, UBQ, XRP, HDG, EVX, IFT, and TFL. This is based only on my opinion. You are free to follow them or not.
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November 12, 2017, 03:28:15 AM
 #22

I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

There are over 2,000 shit-coins, take your $200, and buy a dimes worth of each shit-coin, that will get you about 1,000 shit coins for each shit-coin family

Then wait one year, one of the shit-coin may be worth a penny, so after a year you get back $10,, from your $200, the other shit-coins will be worth zero

Welcome to trading shit-coins
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November 12, 2017, 03:35:33 AM
 #23

Its better to start with quality coins that have the potential to go up, because it has a low chance of loss in your trading, but first you need to monitor the prices in coinmarketcap which coin is the most low price in the top 50 list then you can invest into it and then keep it and wait for the price to go up then trade, so you can be sure to have profit.

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November 12, 2017, 03:50:07 AM
 #24

Its better to start with quality coins that have the potential to go up, because it has a low chance of loss in your trading, but first you need to monitor the prices in coinmarketcap which coin is the most low price in the top 50 list then you can invest into it and then keep it and wait for the price to go up then trade, so you can be sure to have profit.

put stickys on wall with name of shit-coins

put on blind fold, get darts, number of darts of number of coins to 'invest'

put on blind-fold and toss darts, take off blindfold, and buy the coins that dart hit,

now u have a diversified portfolio of shit-coins

***

The above algo doesn't work, as everybody is buying the lowest price in the top 50, the trick is to be the lowest price in the +2,000 and get the 1,000X, the only way to get the winner is to place a bet on all

'market cap' doesn't mean much in crytpo, it actually means that somebody has left too much money on the table and that its very likely that that the owners will cash-out

I suspect that better reward is buying the crypto with lower market-cap and riding it up on a random wave

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a better algo than random maybe to just buy the 'catchy name'' most of these coins are all shit, and what your looking for is the greater fool than yourself to buy, thus think about which coins sound like the next bitcoin

putting your nickels in a piggy bank, next year you will save more money than playing crypto
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November 12, 2017, 06:42:26 AM
 #25

I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

Me i started trading with $100 since like you i'm also a student. What i did mostly, before i started trading was read, research, analyze. If you have a coin in mind like for example you mentioned NEM then look into it, try to gather as much data as needed. If you think it is worth the risk to invest on it then go for it. What i did most was day trade. Although it did give me returns but its not that much because of the transaction fees. So make sure you sell only when you think the profit you will make is more than enough to cover the fees. Good luck.

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November 12, 2017, 06:47:57 AM
 #26

It's not about how much money you need to invest. It's about what coins you invest in, try to find a coins that has potentials to grow within few month. Do your research before buying. There are lots of shitcoins floating around.

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November 12, 2017, 06:57:49 AM
 #27

I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

I think its not about the money when you are trying to start trading. It is about the skills and knowledge on crypto trading that matters. Even if it is just a $200 starting investment, if you are ready, complete with the necessary skills and understanding of the art of crypto trading, then you will earn. For now, learn trading. ICO is not for you yet. I think you will consider the coins that are having large spikes. Wait for these coins to be on its very low value before buying.
first think first never trade if you not have enough knowledge about it. people who succses in trading had to bite the bullets i mean you just need to learn first and know what good and bad from it. Also ICO is not good enough take a long time and that ico can be scam or something else

I HATE TABLES I HATE TABLES (╯°□°)╯︵ ┻━┻
Caesar-Giulius
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November 12, 2017, 07:14:56 AM
 #28

$200 is a good start. As for your trading strategy, it depends on what you want to achieve. If you want slow and steady profit, buying BTC and keep for the long term is good. With BTC price falling now, you can grab some $200 worth of BTC and hold till you earn a few times.

If you want quick and high returns, do some research and invest in newer altcoins and ICO projects. It can bring multiple times of your initial investment but the high return is more risky.

For me, I diversify my investment by buying BTC, altcoins and ICO projects.

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November 12, 2017, 07:15:14 AM
 #29

start to make research before in a good alt with a  low price , and have faith Smiley
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November 12, 2017, 07:36:36 AM
 #30

Firstly you should be divide that amount of money by maksimum to 5 different altcoin and choose altcoin that has good fundamental, big volume and big marketcap like ETH, DASH,WAVES,LTC and XMR. Buy these altcoin when in oversold area and always patient wait to get cheaper price, then dont be greedy when taking profit. Take profit maksimum 20% every trade is enough, then dont forget to cut loss when wrong trade and  cut loss when floating minus 10% so the amount of  lose not bigger.

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November 12, 2017, 07:53:49 AM
 #31

200 dollars can be a lot of money in the crypto world if invested smartly. I would suggest investing in ICOs that are gaining many followers and have promising plans with expected profit in the future. On the other side if you want to trade buy more coins not just one altcoin cause if one falls in price there are always others that can regain your profit. Btw, look at the analyzation of the crypto-coin trading every day to calculate and learn about the coins you possess.

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November 12, 2017, 07:56:12 AM
 #32

I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

I think its not about the money when you are trying to start trading. It is about the skills and knowledge on crypto trading that matters. Even if it is just a $200 starting investment, if you are ready, complete with the necessary skills and understanding of the art of crypto trading, then you will earn. For now, learn trading. ICO is not for you yet. I think you will consider the coins that are having large spikes. Wait for these coins to be on its very low value before buying.
Yes, people keep saying trading is about skills and also that true trading is like a full-time job. Maybe that's true, but how can one learn to trade with profit? I think it's not about projects anymore. You can be an expert on how neo is different from ethereum but it doesn't mean you'll make a right decision. A lot is based on luck, especially short-term. Take a look at bitcoin cash. There are no rational explanations for what we see now and nobody know when it the right time to dump it and whether investing right now would still be profitable. This is why I think it's better to research a project and invest long-term hoping that people will realize how cool it is after some time.


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November 12, 2017, 08:22:15 AM
 #33

If you want to start trading then you have to know the issues first, So you have to know about the market before. Keep track of the market up-down. So you can find out more about this site from Coinmarketcap. And if you can help some experts.

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November 12, 2017, 08:43:00 AM
 #34

Do a good research and invest in 2 to 3 coins. You are able to earn good money as well. It doesn’t matter if the coin price $0.01 or $10 now.


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November 12, 2017, 08:52:59 AM
 #35

it hard to make profit with only 200$ and with no trading skills. I recommend you to play around with 50$ in order to learn daily trading and understanding how the market works.
how to understanding the market itself? i really get difficulty in trading, for 2 years i never can understand what trading is.

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November 12, 2017, 09:28:37 AM
 #36

I suggest that you may want to pick maximum of 2 cryptocurrencies. In my opinion, your capital is way too low to diversify. Just looked for the charts that dump the lowest or one of the lowest for quite sometime, considering that the project has good and active team. Then, its a perfect time to buy in.

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November 12, 2017, 10:06:32 AM
 #37

I think you should put all money in 1 coin. You may choose ETC, NEO, OMG, those coin have biggest gain each time market green.

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November 12, 2017, 10:11:49 AM
 #38

I want to start out trading altcoins but don't know where to start.  I don't have much money because I am a student.

Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?

Any help would be appreciated, thank you

Trading is a very risky thing. You must invest a lot of time in research and the chance of loosing everything is very high. Another thing you must have some experience in trading so that you dont do panic sell or buy. For holding the amount is too low.
My advice is to invest in ico. Do some reseach and find two ICO`s in wich you believe and with thrusty team and invest in them. The proffit will sure come. I regret that i didnt payed attention to this opportunity before. Plus you cand do bountyes for the ico and gain lots of tokens.
Best of luck!

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November 12, 2017, 10:13:15 AM
 #39

Investing 200 dollars, you can earn more than 1000% per year! Where to invest? half in the ICO, half in the top ten currency rating Cool

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November 12, 2017, 10:19:34 AM
 #40

i started with the same amount of money about nine months ago. Did not touch ICOs for first six months, because the fliipening time is too long. My strategy was aggressive daytrading. I was looking for a coin that just started to rise and had big volume, went all in, and at 10-15% gain went out. Repeated that for couple of times. With the gains i started to build a hodl portfolio.

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