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Author Topic: I only have 200$ per month !  (Read 7467 times)
smith136
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December 06, 2017, 05:14:44 AM
 #181

That is too small for investment in bitcoin, I can say you should spend it in alts as the pump mostly occur there but if you want a secured gains I think bitcoin is better.

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December 06, 2017, 05:23:09 AM
 #182

That is too small for investment in bitcoin, I can say you should spend it in alts as the pump mostly occur there but if you want a secured gains I think bitcoin is better.
I also think the same with you. 200$ is a very small amount if you want to invest in Bitcoin or any cryptcurrency. Maybe you should have a least 1 ETH (About 450$) the you can start with investing in ICO project Smiley
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December 06, 2017, 05:57:49 AM
 #183

Actually, two hundred dollars was a good amount of money a few years ago but now it is so little money.I would like to recommend all of the money you have, invest a little and save the left amount it can be used in emergencies. I think much better to hold your $200 to make an investment in the bitcoin.
you have saved enough then you can take risk of investing money in bitcoin.

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December 06, 2017, 06:09:11 AM
 #184

Many people started their crypto journey, with a smaller amount of money.

Invest in coins that haven't pumped yet.
Don't buy tops.
Don't buy greens. Buy the red sell the green.

Invest in good projects that are still in cents.
Eg Dgb. It is one undervalued coin that is likely to do very well in the coming year. Get in when it's lower than 120 SATs. It has the prospect of going 5 times higher.

Pivx is a good project too.
Lastly, diversify your portfolio into many coins. Mayor 4 or there about. In few months your portfolio would have grown.
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December 06, 2017, 07:02:44 AM
 #185

I think you should do trading with 200$.I have many friends who started trading with small amount and got succeed.You can buy some popular altcoin crypto currency like ETH,DASH,RIPPLE etc.Buy them in low price and sell them in high.I think for you,trading is the best choice because it can make your capital double in less time.

Another thing is if you can store more money like $10000 or more.Then you should buy some BTC and keep on paperwallet.I am sure you will get huge profit in a year or two.

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December 06, 2017, 07:22:08 AM
 #186

You will waste a lot of money in comissions. No point to invest such a small amount in my opinion.
What has commission even gotten to do with this? Someone is looking to buy bitcoin to hold with the $200 and you are talking about commission. Really shaking my head for you right now.
Back to the OP, the truth is $200 is a good amount of cash to risk depending on how much the OP understands the volatility risk of bitcoin but looking at the fact that bitcoin is gaining ground and the value could skyrocket in the future, it is a really good amount to invest for the long term.
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December 06, 2017, 08:06:12 AM
 #187

I think you should work hard for few more months and save more money when your amount of money reach to at least 1000$ I think it's enough to invest in Bitcoin or any kind of investment you wanna invest in. But with 200$ only I think it's not enough to invest in anything related to cryptocurrency.
No, you're just talking nonsense. With $200 you can earn something from that, even you can doubled your investment. Getting $1000 is hard and it's not that easy to do just like you were talking that easily. But make sure to save little amount so you have any backup to recover your money, just don't put all your money into cryptocurrency.

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December 06, 2017, 11:54:03 AM
 #188

If your not sure about bitcoin price now you're not gonna make sure next week too. I have that money even though small it can be became bigger but not overnight, have patient on investing and don't let your feeling to block you too much
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December 06, 2017, 12:48:39 PM
 #189

If your not sure about bitcoin price now you're not gonna make sure next week too. I have that money even though small it can be became bigger but not overnight, have patient on investing and don't let your feeling to block you too much
It's touching 13.000$. Very high. So I'm investing 1ETH
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December 06, 2017, 01:00:10 PM
 #190

You will waste a lot of money in comissions. No point to invest such a small amount in my opinion.
What has commission even gotten to do with this? Someone is looking to buy bitcoin to hold with the $200 and you are talking about commission. Really shaking my head for you right now.
Back to the OP, the truth is $200 is a good amount of cash to risk depending on how much the OP understands the volatility risk of bitcoin but looking at the fact that bitcoin is gaining ground and the value could skyrocket in the future, it is a really good amount to invest for the long term.
Thank you very much. I started aboard. I bought 2 ETH. That's all I've been through for 6 months
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December 06, 2017, 03:06:21 PM
 #191

If your not sure about bitcoin price now you're not gonna make sure next week too. I have that money even though small it can be became bigger but not overnight, have patient on investing and don't let your feeling to block you too much

This is why bitcoin is very risky, it's an investment at the same also a cryptocurrency. You had to know what you are investing with bitcoin and the price is fluctuating most of the time. $200 per month is still a good amount and capital for investing and what you need to do is you just had to keep on hodling it until the price gets up. This is better than saving your money in the bank.

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December 06, 2017, 03:49:20 PM
 #192

That is too small for investment in bitcoin, I can say you should spend it in alts as the pump mostly occur there but if you want a secured gains I think bitcoin is better.
There's no such thing as an small investment. If that's the amount the person can afford to lose then that should be fine. I've seen smaller investment than this and it's not that bad tbh.

Thank you very much. I started aboard. I bought 2 ETH. That's all I've been through for 6 months
Good to hear that you have started. Do you still have any plans of buying bitcoin?

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December 06, 2017, 04:02:52 PM
 #193

If your not sure about bitcoin price now you're not gonna make sure next week too. I have that money even though small it can be became bigger but not overnight, have patient on investing and don't let your feeling to block you too much
It's touching 13.000$. Very high. So I'm investing 1ETH
Yes, I think you've made a right decision. Bitcoin price is too high at the moment so with 200$ it's better when you invest in ETH, lower price than Bitcoin but better potential in the future than Bitcoin. LOL. I think you should hold it for a few years from now then keep earning more amount of money everymonth then keep investing more in ETH.

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December 06, 2017, 04:07:07 PM
 #194

After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed
You should if you want to gain profit. Actually bitcoin's price are now becoming enormous that is why you must invest at the very fisrt in order to gain a high profit. $200 is enough for bitcoin investment because there's no minimun upon it but you must already know that the higher the capital you invest the more income and vise versa if you have low bankroll.
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December 06, 2017, 05:16:13 PM
 #195

That is too small for investment in bitcoin, I can say you should spend it in alts as the pump mostly occur there but if you want a secured gains I think bitcoin is better.
$200 still worth for investment capital in bitcoin but indeed if he able to get profit then the profit also will not so high unless he increase the amount and investing at altcoin is more risky than bitcoin because there was several altcoin which is can be dumped more than 50% in the same day so if he has any plan to investing using those amount then stick to bitcoin is much better

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December 07, 2017, 06:15:00 AM
Last edit: December 07, 2017, 06:26:35 AM by raven7886
 #196

After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed
it is the right choice, we all believe the bitcoin price in the future will be more valuable, by trying to invest the money you have in the amount of $ 200 a month of course it is the right choice but should always monitor price movements. Because as we know bitcoin prices will not be stable until at any time, but can be very profitable if used as a form of investment assets in the long run.
Anyone who at this stage is still in doubt should really just keep their funds in fiat and just come back maybe in the next 1 year to come forward and ask the same question over again. Bitcoin has really proven itself to be a strong currency as well as an investment against all odds, so as far as I am concerned, it seems to me like the perfect choice at the moment for anyone who is looking forward to make some real profit in the long run. How much small amount we are having is not at all a concern but how much we are saving with bitcoin alone matters.
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December 07, 2017, 08:44:46 AM
 #197

After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed
it is the right choice, we all believe the bitcoin price in the future will be more valuable, by trying to invest the money you have in the amount of $ 200 a month of course it is the right choice but should always monitor price movements. Because as we know bitcoin prices will not be stable until at any time, but can be very profitable if used as a form of investment assets in the long run.
Anyone who at this stage is still in doubt should really just keep their funds in fiat and just come back maybe in the next 1 year to come forward and ask the same question over again. Bitcoin has really proven itself to be a strong currency as well as an investment against all odds, so as far as I am concerned, it seems to me like the perfect choice at the moment for anyone who is looking forward to make some real profit in the long run. How much small amount we are having is not at all a concern but how much we are saving with bitcoin alone matters.

That is correct, the thing is bitcoin prices will eventually stabilize but not really at this amount since people are still holding bitcoins as a speculative investment. When, maybe, the time comes that people starts to use it for general application, like buying coffee with your bitcoins or groceries or something we normally do and with consistency, then that is the time probably bitcoin prices will stabilize. As of know people are still just investing for speculation not really looking forward into using it for their daily lives.
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December 07, 2017, 09:58:50 AM
 #198

Actually, two hundred dollars was a good amount of money a few years ago but now it is so little money.I would like to recommend all of the money you have, invest a little and save the left amount it can be used in emergencies. I think much better to hold your $200 to make an investment in the bitcoin.
you have saved enough then you can take risk of investing money in bitcoin.

In fact, your first statement is all the OP really needs to use to make his decisions. $200 which was a good amount a few years ago even early this year could have actually gotten the OP, probably about 0.25BTC which we both know the value now. All he needs to do is to just get to understand bitcoin, check if it is worth investing for him and then put the funds in his wallet and see how it grows in the next few years. We all do not know the peak of bitcoin yet, but we sure do know there is still a lot of room for growth.
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December 07, 2017, 12:01:29 PM
 #199

After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed

I think that in general there are not small or large amounts of investments, because everyone has a different value of money and risk.
If you have little money and little bitcoin knowledge, you should invest little and above all only what you can afford to lose.
5% or 10% of your salary could be a good way to start.
Then with the experience you will understand how much to invest in btc or other crypto.

if you had invested $200 exactly 1 year ago, now you would have multiplied your investment 20 times!

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December 07, 2017, 12:08:07 PM
 #200

After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  Lips sealed
Actually it's up to you, you should know how much you can afford to lose or how much you need right now, if that $200 should be use for personal consumption like utilities or food I guess you should spend it or if that $200 of yours is an excess money, investing in bitcoins is good as of now Smiley

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