How should I start?

[wiwi24680]

im new to crypto, im wondering if i take $2k out as a initial amount to try the trading? or get to prepare more first?

[1714506950]

1714506950

[Pikachu92]

Basically, investors expect to eventually receive their original investment back and even more w 2x or 4x profit. However, some of the greatest projects will fail or scams.

[hugeblack]

I'm new to crypto; I'm wondering if I take $2k out as an initial amount to try the trading? Or get to prepare more first?

Listening to the tip of an unknown person/account to start an investment or trade puts you at risk.
Since you do not know what to invest/trading, it is better to study it thoroughly so that you do not regret losing $ 2000.
Spend more time here, learn how Bitcoin works? Price Speculation, trading bots, wallets and other basic concepts.
After gaining knowledge, you can enter the market safely.
If you learn and succeed you will earn twice, and if you fail you will win once.

[pooya87]

your starting amount is not the important matter. what matters most is how familiar you are with this market since you said you want to start trading.
the good news about this market is that you don't have to enter with a huge amount. because the minimum order size in cryptocurrency exchanges is usually pretty small, you can actually start with a very small amount. there may be some limitation due to fiat deposits and some transaction fees but anything around $50 should be more than fine. and when it comes to trading altcoins you can start as small as 1000 satoshi in some exchanges which is about 8 cents.

[BQ]

for someone, $2,000 might be a small amount - for someone else, it's a large amount.
it's up to you to decide how much you're willing to risk.
if $2,000 is something you can afford to lose, then go for it.

as earlier poster mentioned, make sure you know what you're investing in!
don't just invest in something because someone tells you to.
I wrote a thread here with some basic information that you might benefit from reading on how to get started.

if you invest in something you don't understand(and therefore, can't really 'believe in'), you might end up selling at a bad point, or if we're talking about something else than bitcoin, you might just end up buying garbage.
it's your money, and you alone decide how far you will go to determine what to invest in!

[HaniBaloch]

for newcomer  it is too tough to invest and trad successfully so first of all you should research and learn all about trading skills and method.....good luck

[shamy]

If I were you I will not take the risk,I will first study the crypto and learn the skills of trading.It is hard to trade without much knowledge.

[mk4]

You're new to crypto. But you're already planning on taking out $2000 as a starting capital for trading. Well, as you're a beginner, expect to have mostly losses at the start. Is $2000 the right amount? It depends. If $2000 is nothing to you then go ahead. Just remember that you're new, and it's very unlikely for you to profit as of now. I would definitely suggest trading with a significantly smaller amount for now so you wouldn't be affected by your losses.

[upekhaanthony]

As a newcomer, just start trading is very dangerous. Before trading, you should need better knowledge to survive in this market. It is better to create some account on main cryptocurrency exchanges and invests a small amount for training purposes. ICOs are also good option to make money but it also very risky. Do you own research before invest or going trading. it will save your money as well as time.

[priyanjana]

Get prepare first is the best thing. because a lot of beginners lose their money by trading without better understanding. If you want to invest while you are learning, then invest some amont on bitcoin and ETH. Cryptocurrency is the very risk because of that invest some amount that you are willing to lose.  All ways try to protect your initial investment, then invest in everything. Scams are every where. be careful.

[neo444]

I advice you before you put your money on trading try to know more when you sell and when you buy and don't put all your money in trading you can do a test with small value of money

[bill gator]

The fact that you are asking the advice of strangers on the internet that may or may not have had any success in that particular area is extremely telling to me. I would encourage you to get more informed and prepared before you go throwing money at anything. Too many people are interested in cryptocurrencies and Bitcoin lately just in order to make a few dollars on a good investment. If this is your primary goal, you will most likely get frustrated and walk away at a loss. I would try trading $2,000 of pretend money on a demo account of some trading platform and see how it goes for you over a 2-3 month period. This should give you a little more insight into how the market would have treated you if you used your real money. This will not be indicative of your future performance, but if you have never traded in the cryptocurrency market then I suggest you do some speculation and demo trading before you dive in head first. These markets are unforgiving, unpredictable and unprecedented. I would suggest only investing once you fully understand the fundamentals of the technology, fully support the protocol and understand what Ebbs and Flows the market. It would be much easier to throw your $2,000 into the HODL club and hangout for the long-haul.

Have you read the whitepaper, could you explain how Bitcoin works if grandma asked you?

[kalehon]

I don't understand your question. Are you asking us if is ok to start trading with $2000 or if you should start with an higher amount?

[Huntsman82]

Listening to the tip of an unknown person/account to start an investment or trade puts you at risk.
Since you do not know what to invest/trading, it is better to study it thoroughly so that you do not regret losing $ 2000.
Spend more time here, learn how Bitcoin works? Price Speculation, trading bots, wallets and other basic concepts.
After gaining knowledge, you can enter the market safely.

if $2,000 is something you can afford to lose, then go for it.

This two fine gants have explained it all.
Learn and educate yourself on the matter and only invest the amount that you're ready to lose.

Have you read the whitepaper, could you explain how Bitcoin works if grandma asked you?

Now that's a good one.

[Shingaling]

You need to prepare first yourself before you put your money here in crypto.How can you start if you don't have knowledge in everything here in crypto.You will only give your money away if you do it without  proper or much knowledge.

[MintDice]

Definitely prepare yourself before investing into anything--know which currencies interest you and the fees of different exchanges, as well as which wallet is best for your needs. That should get you started 

[wiwi24680]

wuu okay i also think i should have a more comprehensive understanding to the field first, i found there are lots of things i still do not understand.

[xpency]

Please make your research, let the education be your first priority before the profit, by this way you can beat the problems that are associated with trading.

[meowskie]

Before investing read about bitcoin, bitcoin don't have a fix value and some website are scam. Learn more about it so you wont loss your money. Once you lost it, it wont come back.

[embarrasstor]

i think you may visit some blogger sharing their trading experience or suggestions first, and u may have to look on those information, videos or another media that let you know more about the field easily. I think you should also have a look on youtube's tutorial about the how to trade and where to trade as well. Do not hesitate to ask people in the forum and do not hurry yourself.