Have a $ 500 fund you want to make a profit

[Free1bitco.in]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

in terms of investment, or daily trading, $ 500 is enough, even that is big enough for me. if you want to buy a coin, make sure that it is a popular coin. if this is your first time investing, then avoid new coins, and offer people to invest with a large bonus.

however, do some research, and ask with experts/people you know who are familiar with investment, especially cryptocurrency. I don't want your first investment to end badly, so I suggest having coins like bitcoin, ethereum, bnb, ltc, bch, and other popular coins.

[ccsang]

I think OP not only a newbiew investor as your question look like don't know how to start trading, you also ask for help which coins is better to invest. If I'm right I think OP don't have any knowledge about cryptocurrency？Remember cryptocurrency is high risk investment as to earn easy money, the opposite of it's also let you loss money quickly. $500 is suitable for start trading, before that please go to coinmarketcap and check the top 100 coins,  recommend choicing by yourself.

[Zeke_23]

I think OP not only a newbiew investor as your question look like don't know how to start trading, you also ask for help which coins is better to invest. If I'm right I think OP don't have any knowledge about cryptocurrency？Remember cryptocurrency is high risk investment as to earn easy money, the opposite of it's also let you loss money quickly. $500 is suitable for start trading, before that please go to coinmarketcap and check the top 100 coins,  recommend choicing by yourself.

He is a newbie, as per statement of OP, he doesn't know where to start and how to choose a good crypto to invest or to trade with. If he were to spend his $500 in trading, its no wonder that he will lose it in no time. Due to lack of experience and even knowledge, he will only become a victim of the market's volatility. He might sell his investment after buying it.

[ivakar]

market is low now
everyday many pairs are red on many exchanges
if you know how to work on negative markets and how to make profits - sure, even $500 is enough to start trading
if you do not know and have little experience - be ready for high risk to loose your money

[amonymous]

No need limit amount for making profits if you are new man here, if you have good skills then you can makes profitable for starting trading. I think your profit limit will be low but no problem slowly you will makes good profitable. So don't be confused about if just show what skills do you have now.

[bassbity]

I think OP not only a newbiew investor as your question look like don't know how to start trading, you also ask for help which coins is better to invest. If I'm right I think OP don't have any knowledge about cryptocurrency？Remember cryptocurrency is high risk investment as to earn easy money, the opposite of it's also let you loss money quickly. $500 is suitable for start trading, before that please go to coinmarketcap and check the top 100 coins,  recommend choicing by yourself.

He is a newbie, as per statement of OP, he doesn't know where to start and how to choose a good crypto to invest or to trade with. If he were to spend his $500 in trading, its no wonder that he will lose it in no time. Due to lack of experience and even knowledge, he will only become a victim of the market's volatility. He might sell his investment after buying it.

Therefore we must give advice to the newbie so as not to lose all of his money, despite the high risk in the world of cryptocurrency, but we give good direction to the OP.
My advice to buy coins that are already popular or at least you buy ETH and BTC for investment so that you don't lose too much if you go down.

[CarnagexD]

500$ is also a good fund to start trading. But, before you do trading make sure you have enough knowledge about it. If I were you try to separate your 500$ in bitcoin, ethereum, ripple and in binance coins. Those cryptocurrencies that I have mentioned are really good crypto that helps you to make a profit. I think it is not good to do daily trading if you do not have huge funds. Lastly, do not invest in a new coin or in a new project that you have seen.

[Wysi]

I would suggest you to start with the coins which are already listed under good exchanges and priced under a dollar but be very choosy when it comes to first investment as it would be difficult to recover the money if you go for a wrong coin, you can start with coins like XRP or XLM as these coins keeps fluctuating every now and then, learn the art of trading then go for new coins which will be listed in binance.

[bhabygrim]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

You should first think about what kind of trade you would do $500 is enough and other might also consider it as a big start.
You should choose the crypto that you would buy depending on your plan.
But for me the best crypto to invest right now is BTC and ETH of course BTC would always be the best while on the other hand ,
I believe that ETH would soon fly since it has been so low for so long now.

[gaston castano]

of course it's very enough, but the most important is whether you can manage it, if you buy from origin you can lose, at least you must have trading or investment experience.
the easiest of all is buying and storing it for the long term, because the price is definitely going up, and also I recommend buying the BTC and alt ranking only.

[cryptobaro]

500 dollars is enough to use for day-trade in my opinion. Even if you have 10 dollars, you can do trading and get some profit, just you have to pick the assets very carefully and you need to watch the market, especially Bitcoin. Its moves determines how altcoins will move. So better be careful.

[Bonwin]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

I feel $500 might've too much for daily trading. Since you sound like a starter, it is better you start with a minimal amount of fund, perhaps $100, if you can afford to lose that. Doing a thing for the first time, might result into some unforeseen and unpredictable circumstance(s). Also, instead of using all to day-trade, you can invest in good coins, perhaps about five of them.

[meldrio1]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

I think $500 is too much for newbie to start trading, why don't you start at least $50 just to practice it how to trade works, just learn first before putting big money in trading. And If you gained knowledge in trading then you can start a big amount.

[Kersh768]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

Im not kinda sure at right now on which one would be profitable whether investment or trading. Investing would be long term and you should pick the right crypto, if you would engage into this, I would suggest investing your money on huge cryptos in the market such as BTC , ETH, XRP and the likes. Trading on the other hand would be also a good idea but keep in mind the market situation we are currently experiencing. Hope you got my point.

[Murat]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

It's enough to start trading. There are more possibilities to gain profit if you buy low market cap coins. Coins with a high price won't help you make a good profit. There are so many things you need to check out before starting trading. Imagine you're choosing Binance to trade. First, you need to search for coins that what great pump in the past. Then you need to go for the current price & check the supply. After then you look for volume I would not suggest trading coins which has less than 50 BTC daily volume. I usually look for low cap coins with low circulation supply. Such as AST WABI OAX DUSK DLT ETC. In the end, it's your decision but you may start from here https://tonevays.com/learntrading

[Rubick99]

No matter how much your money, you just need to learn first before enter to the market. You don't know where is the candlestick will run, but you want to trade? That mistake, dude. I tell you the truth, trading isn't so that simple just click buy or sell.
I suggest you to just using your 50 bucks first and safe the leave to be back-up funds. Its not hurt if you loss your $50 than you loss everything.

[boltz]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

Is it more than enough in order to make daily trades but make sure you know how to trade and don't get into panic sell or panic buy. Make sure you're using top exchanges ( see coinmarketcap top exchanges ) and then start trading top altcoins if you really want to make some profits because if you trade non-name coins you will loose money most of the cases.
 
If you want to invest the best example is you make your own research about the projects and rarely listen to investment advice from internet users in this way you will not invest in shill coins. I would suggest to you to buy from top 50 on coinmarkercap but on same way you can try to find some hidden gems.

[BChydro]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

If you are investing in anything with a minimal budget everyone always look for potential coins that could give you the profit in the long run but the problem with the crypto market is that you cannot trust any new coins or projects. If you find projects from reputed team then you can invest other than that it is bettor to stay away from cheap coins.

[erickastella]

my advice if you want to plunge into the world of crypto with such capital, it is more than enough, but you must be prepared to lose some% even up to 60% of your assets today, because the knowledge of trading on crypto is insufficient, you can practice with a demo / learning account with experienced people to reduce some of your losses.

[adzino]

I have $ 500 or more, is that enough to invest or trade daily ??  Do I need to buy cheap coins or expensive coins?  I want your opinion for me as a newbie.

There is no such thing as "minimum" amount to invest. You can invest with any amount of coins. Its not like you will have to invest on cheap coins since you don't have high investment amount. Remember, you don't need to buy one whole coin to trade or hold. You can always hold or trade a fraction of a coin. Isn't it better to own a fraction of a good coin rather than owning a whole shit coin?