Best amount to risk for a beginner

[Aldavetheboss]

What would you say is the best amount to risk in the beginning for trading crypto? Also, which crypto, and which exchange? Appreciate your thoughts.

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[dietmarfritz59]

I personally started with just a few hundred dollars. With that, I traded it around and tried to find trends in the market and basically learn how to do basic trading. Once I felt comfortable with that I put in more and more. That way once you have a lot of money in different coins you will feel comfortable.

[I.Grozni]

Invest only as much as you is not sorry to lose. Which coin invests depends on whether you want to invest short or for a long time. Investing for a short time implies a high risk, but also a big gain. One such coin is the Flash coin https://coinmarketcap.com/currencies/flash/ that exploded in the last days. Investing for a long time could be in Bitcore https://coinmarketcap.com/currencies/bitcore/

[waawd_1]

I have invested funds in bitcoin. Tell me how to exchange bitcoins for dollars. How do you take profit?

[coly20032003]

I first started with a few hundred dollars. Then add more to it as I feel more comfortable.

[Crytptohack]

I would suggest placing a certain percentage into cryptos based on your investments/savings. Also what your OK with loosing as the 'alt' coins/tokens are not only new, but volatile. Most conservative investors only place something like 5% into a specific asset class or sector.

Based on the country that your in, it may make a difference regarding the exchange you choose. Example is in the USA, you cannot use Bitfinex as they have stopped Americans from using that exchange.

[altGear]

Rule of thumb 10% of portfolio per coin Join my Community for Crypto Beginners CryptoSmart HUB https://discord.gg/jyTXVWz for more helpful educational materials and tips about crypto mining, trading and more!

[aaronli890712]

1000 usd for a start

[Washball]

Best amount to risk for a beginner, depends on the beginner. If he or she has enough Money, then a few thousands of dollars would do. If the beginner has less to spend, a minimum amount of $500 to $1000 would be recommendable. Start with Ethereum, Cardano, Litecoin Monero and Dash.

[trouble401]

When I started I picked up the 3 coins on Coinbase.  Having a little skin in the game forced me to feel more invested and caused me to do more research into alts.  From then I started picking up alts but still bought steady amounts of btc.  I think the amount I started with was about $3k but that was when the coins were much cheaper.

[ramzhies]

just start with the amount if even u lost, wont hurt u that much

[SWONG]

My start found is about $1000 too.
I can invest more but I am just an newbie . I need to lestn more about bitcoin more about other coin.
Now about 1 month the voting I buy almost 50% gone, this is risk, but I can afford. I will keep on.

[Knightly]

Rule of thumb 10% of portfolio per coin Join my Community for Crypto Beginners CryptoSmart HUB https://discord.gg/jyTXVWz for more helpful educational materials and tips about crypto mining, trading and more!

And where did this rule of thumb come from? Not sure most people would agree with that?


Anyhow, as people have said, risk only what you're willing to lose, if it comes to that. It's easy to make mistakes in crypto, so you have to accept the fact that your money might be lost...but it could also multiple.

Good luck whatever you decide to do.

-Knightly

[PETES]

Start with the amount you can afford to lose. Save some for your self so if you lose you can start again.

[Shanti NewCoin]

I have invested funds in bitcoin. Tell me how to exchange bitcoins for dollars. How do you take profit?

That is the main question.
And the answer for a TS question at the same moment. I would invest not more then an amount that would be possible to withdraw.
My experience with a banks around the globe: it is not possible to avoid your funds be blocked  with an amount come more then $50`000-100`000 (for an active account with a turnover more than $100`000 a year). I suppose that even $10`000 withdrawal can be a headache for a most users.
 

[xiaowu55]

Start my investment amount is $2000, this is all of my money, I I am cautious investment Afraid of losing money when coin up I very happy, fell I very worry, little by little I am familiar with the friend asked some investment for a long time They told me that sights You can make money

[JanePorter]

I started with $500, the was maximum that I was prepared to loose is something goes wrong. Luckily everything turned out good for me

[Vod]

I started with $500, the was maximum that I was prepared to loose is something goes wrong. Luckily everything turned out good for me

Lose only has one "o".  :/

[Drewbix]

As others have said, only risk what you are willing to lose. But anywhere from $100-$1000 would be a great initial investment, as long as you don't want to buy bitcoin (because the transfer fees would eat way at your initial deposit).

I'm currently using Kucoin and Binance as my main exchanges, they have good liquidity, and a lot of decent coins. As for coin recommendations, I would suggest Deepbrain Chain (DBC), Oyster Pearl (PRL), Raiblocks (XRB) and NEO. All of which are available on Kucoin. Please research them more yourself, but I think all have the potential to at least double in value in the next few months.

If you want anymore details, just let me know.

[shaun98]

Only invest what you can afford to lose. I started out with a few hundred dollars. Regarding the best exchanges, use Coinbase to buy Bitcoin. Once doing so, transfer it to another exchange to buy altcoins. At the moment, big exchanges like Bittrex and Binance aren't accepting new registrations, so you could try Kucoin. They're an upcoming exchange and I feel they are pretty good. Good luck.