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Author Topic: With how much should i start  (Read 13483 times)
Xzhyte
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January 16, 2018, 12:42:51 AM
 #461

You must invest an amount that you afford to lose. Altcoins price are more volatile than bitcoin. Its ideal to start at a low amount then try to buy and sell it to increase your holdings. It's actually hard to start trading, as a newbie its really hard for me to anticipate the price of the coins. But through time and research, I was able to increase my chances of having a profit, and select coins that would be a good investment for the future.

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January 16, 2018, 12:51:02 AM
 #462

There is no minimum or maximum, but you have to be sure you are still alive if you lose your money. So make sure to not invest all your hard earned money into altcoins.

So let's say if you earn $1000 in a month and you have $200 at the end of month, you can start into trading with half of it Wink

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January 16, 2018, 12:54:23 AM
Merited by woas4 (2)
 #463

Start with the quantity you can afford dude. Dont let others discourage you from investing, even if only a small amount. Just research and avoid as much fees as you can, because they can eat a lot into your investment if you don't start with much.

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freedomgo
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January 16, 2018, 04:45:53 AM
 #464

Start with the quantity you can afford dude. Dont let others discourage you from investing, even if only a small amount. Just research and avoid as much fees as you can, because they can eat a lot into your investment if you don't start with much.
The amount you put should be the amount you can afford to lose, the problem with some investors is they think of a high profit that
they can achieve instantly which would already make them unrealistic. We have to take it slowly and on a step by step process because it's better
to be consistent so you can continue to grow your portfolio here in crypto world.

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Kolokoy
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January 16, 2018, 05:10:04 AM
 #465

How much do you have extra money? That would be your ideal amount. Your profit will depend on how much you invest but it would not be a good idea to use the money intended for other things or worst borrow from others. Altcoins are risky, the worst thing to happen is to lose all what you invested, and it would be painful for you to pay where you borrowed your investment but did not have any profit from it.

btcCoincart
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January 16, 2018, 05:11:45 AM
 #466

LoL I start with $200.
No matter how much you start, the important thing is who you start with and which way you choose Smiley
Have good time trading!
DySWv
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January 16, 2018, 05:25:37 AM
 #467

How much do i need to start trading altcoins. I would like to know what would be the ideal number.

Thanks!

As far as I know, there is no ideal number. You can start trading alternate cryptocurrencies at any amount of fiat currency. Just keep in your mind that every investment is risky. Low investment is equal to low risk while high investment is equal to high risk. Know first your situation before getting involved with alternate cryptocurrencies.

Coleson31
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January 16, 2018, 05:30:48 AM
 #468

I think I will set aside amount which will not hurt me more when it lose in the trading. Winning here is not guaranteed just like any investment ventures. There is amount of risk to accept.
tania30
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January 16, 2018, 05:36:37 AM
 #469

what is the lowest amount of money did you use for the start, guys?
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January 16, 2018, 05:44:07 AM
 #470



there is no definite nominal how much of your capital. I think this is part of the plan and the way you manage money to make a profit. so you can achieve everything you want, there are many ways and knowledge in it. most importantly, you should study and seek a lot of knowledge about crypto, trade and investment.

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Ivlarshall
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January 16, 2018, 05:46:10 AM
 #471

You should spend on your initial trading an amount of money you can afford to loose. In that case your mistakes won't cost you high
uttoransen
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January 16, 2018, 05:49:32 AM
 #472

Start with any number that you are comfortable enough. I like to do it this way - spread out your funds accross multiple wallets, no point keeping all of your eggs in a single bucket. Then, invest in coins that you are super comfortable with like Eth, Zcash, Monero etc. No coin will be stable and safe, but going with the popular ones first will always be a safe route.

Once you are done with that, look for ICOs or coins that are cheap now but has a big chance to grow in the future - buy small quantities of those and keep it safe for a few year.

So, to answer your question - start with any amount, take a safer route and spend as much as you can afford to lose,

thanks,
Uttoran Sen

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lkcoindaddy
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January 16, 2018, 05:50:45 AM
 #473

Dont risk everything you have, always go with what's expendable!
crypto4liife
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January 16, 2018, 05:52:37 AM
 #474

For me a more suitable question is that how much time i am willing to invest before i figure how much money i will be putting into crypto world. Just in case you do not know yet cryptocurrency have a very volatile market one day youre up the next day you're down. If you will give lots of time to research for you to have lots of information before diving into industry you are more likely to benefit the volatility of this industry instead losing money. And i think this rule is applicable whatever investment you will be starting to.
Mary_Swift
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January 16, 2018, 06:10:34 AM
 #475

As a newbie in the cryptocurrency world I would advise you to start low, as u are still new and without much experience. Don't invest an amount you are not willing to lose.
Actually, yes. You have to invest a small amount of money in order to gain experience and understand all the subtleties of the cryptocurrency market.
pheonyx
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January 16, 2018, 06:14:29 AM
 #476

How much do i need to start trading altcoins. I would like to know what would be the ideal number.

Thanks!

How much do you have? That will determine your good start as long as there is a good project which is suitable for the price you had. In other words ideal budget is always depends on the price you are holding on and the project that you will be joining.

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January 16, 2018, 06:29:19 AM
 #477

Why are you all suggesting him to start with less than $1000? it is not worth it guys! Just stop lying to him, it is a waste of time to start with less than five thousand dollars, you can easily be stuck in there for more than months without making any profit.

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January 16, 2018, 06:30:53 AM
 #478

Just invest what you can afford to lose. Do not trade all your money, since youre new to trading, it would be difficult for you to anticipate the price. Just start with a small amount and learn with every successful trade that you have, there would be times that you lose but i'm sure you will learn as time goes by. If I were to give an optimal amount, I guess 0.1 ETH is a good investment.

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January 16, 2018, 06:33:46 AM
 #479

Theres no required amount to start trading in exchanges,but you need to know that tx fee requires 500+ satoshis so a decent amount would be $500.

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January 16, 2018, 05:48:02 PM
 #480

with available funds on table investors might begins with the details of selection as displacing spare of use with the resource on targeting number of completion and defines of following terms to enter the future plan with different table of manage with the exchange trading.


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