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Author Topic: HELP! I want to invest but don't know which and how. is DigiByte ok?  (Read 618 times)
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October 20, 2019, 01:25:57 PM
 #21

If you are aware of the risk involve investing in crypto currency you can now buy that digibyte coin. But if you are still affraid you can start investing it in bitcoin instead . also do learn more about the  project you want to be involve try searching and check the roadmap goals of the project before investing.
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October 20, 2019, 01:30:17 PM
 #22

In my opinion, DigiByte is also good for investing. but my advice, if you are still a beginner in investing you better invest in Ethereum only. because ETH price movements are stable.
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October 20, 2019, 01:30:18 PM
 #23

Since you are newbie on crypto-currency world I will suggest take entry with bitcoin. You are not enough older to play with altcoin. No matter what amount you want to invest. But matter is about your experience. If you expecting that 100$ would give you life changing oppurtunity then you are on wrong track. There is nothing like that, but yes, you might learn a lot by this amount. So my suggestion is just buy some bitcoin and look on altcoin market for understand. Enter some exchange and note on your mind about all movements of altcoin. So very soon you will able to play with it. Best of luck for you.

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October 20, 2019, 03:19:53 PM
 #24

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you  Tongue
I suggest you spend your time on crypto history, how crypto works and what makes a coin demanding, if you can find these answers you will know which coin will be the best choice for you, you can start with top 20 coins on coinmarketcap

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October 20, 2019, 03:26:47 PM
 #25

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you  Tongue

Do not invest yet, this is a trap that newbies must watch out, go to Youtube check out various videos about investing the right in Cryptocurrency, just be sure to watch reputable channels and check online for the best articles about investing in Cryptocurrency, don't just ask here, people are in a hurry to shill coins they are promoting, and that will be your trap, take your time to educate yourself first.


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October 20, 2019, 03:29:30 PM
 #26

You should invest at your own knowledge and not just asking anybody in this forum or anybody which to invest. You should be the one doing your research in order for you to not to blame anyone for your lost. Remember that most people are just wanting their coin to be bought massively that'll make it pump. And most probably that's the coin they wanted you to buy.




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October 20, 2019, 03:37:39 PM
 #27

DigiByte is like every other new altcoin and one of the things peculiar about them, is that most of them, no matter how highly placed they are, how highly rated they are or how much they are hyped and their prices in the process have grown, they can still fall. Some of them might end up being abandoned. Think carefully before investing.
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October 20, 2019, 03:40:06 PM
 #28

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you  Tongue

Digibyte is an old community based coin. Though there are no reasons for it not to rise in the future, it also doesn't has solid reason to stand out of others.
If I were to recommend, I'd ask you to look into other better coins than spending on a less active project like digibyte. Bitcoin is a good place to start.


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October 20, 2019, 03:56:12 PM
 #29

To make your first investment and want to make a long investment, you need to look at other coins, because if you only monitor those coins in just 2 days and then to invest in those coins, I think it's still too early. DGB is good for lonsgterm, but it must be really patient because the increase is very little and takes a long time.

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October 20, 2019, 04:00:47 PM
 #30

Damnson. Of course, buy Bitcoin. And start to read, explorer, watch videos about cryptocurrencies and blockchain. And digibite? forget about it. Another shit coin.

Rule 1: Always invest in Bitcoin, no matter what Smiley

Rule 2: If you not a trader, do not invest in altcoins.

Rule 3: Do your own research always, don't listen, anyone, never.
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October 20, 2019, 04:03:35 PM
 #31

I will not give direct advice. I will write as I think. Now again is not the best time to buy altcoins. Just look at the dynamics of prices. Thus, crypto assets of $100 in the coming months will turn into $30-50 or even less.
I have a Digibyte(in loss), but I would prefer not to have this coin.

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October 20, 2019, 04:21:36 PM
 #32

if I may suggest you buy small coins in binance, in my opinion there you can get profit even though it's a little as long as you can read the chart, or you can try to check in cmc, you can see rop rank 1-50 or 1-20 it might be can help you choose which coins to invest.
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October 20, 2019, 04:27:04 PM
 #33

I think digibyte is currently facing the same fate that many old altcoins will face over time, which is outdated features, i believe that new coins can do better than old coins but scammers seizing the opportunity to scam people, still its better to be on the lookout for better projects, they will find their way to deliver the best
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October 20, 2019, 04:30:00 PM
 #34

Day trading DigiByte would be better than "investing", in my opinion. It's way too risky to invest in cryptocoins that are not top 10. Besides you are a newbie and shouldn't be dabbling in lesser known altcoins.  DigiByte was doing quite well in the past until the 2018 crash though.

Why not invest in Bitcoin? It's the safest Cryptocurrency to invest in and can be more profitable long-term.
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October 20, 2019, 04:42:02 PM
 #35

The term "investing in cryptocurrency" is nonsense, It's correct name is "gambling" and I would say that now is a decent time to gamble! it's gamble because of high volatility that means the worth of your investments can greatly fluctuate over a very short period of time and your investment going to zero very fast. what that really means is that your "investment" should be money you are ready to loose completely without affecting your basic needs.

There is a lot to learn in the Crypto space. there is a lot of amazing projects out there. It's very hard to choose. I hold mostly BTC, but also some Monero, ETH, Nano, BAT, EOS. But yours might become different, i wish you good luck. we are all on the same side even if it doesn't look like that. we all want Crypto to grow together, even if we hate one and other from time to time.
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October 20, 2019, 05:11:43 PM
 #36

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you  Tongue

lol this reads like someone without the mental maturity to BE investing in this space man Tongue

The best advice: don't let others tell you how to spend your money
learn to make educated decisions by researching each project you find interest in
and the choices will make themselves on whats good or not to buy into Wink


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October 20, 2019, 05:12:51 PM
 #37

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you  Tongue

Digibyte is a good coin to invest and you have done the right thing doing research on it, but since it's only $100 canadian dollar you can use it to follow how the price movements work, so you will know the whole idea of investing and looking in the market, so when the time comes you have a much bigger amount to invest you'll know the idea and get a picture of it.

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October 20, 2019, 05:22:56 PM
 #38

if you are really a beginner or do not have knowledge of cryptoqurrency, my advice is you start with the highest altcoin investment in the market, such as ETH, EOS and BNB. actually I am also a beginner and not very expert in this industry, but it is far better if you are not in a hurry to invest with coins that you never know its origins (Digibyte)

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October 20, 2019, 06:58:17 PM
Last edit: September 12, 2021, 07:04:28 PM by notblox1
 #39

Sure a lot of people invest in bitcoin even if they don't understand it, but that doesn't make it right. Chances are that those people are in thinking it's a get-rich-quick scheme, and then they go complaining on Reddit when the prices drops in the short-mid term.

People invested in internet back in the days and in many other thing they don't understand.
You are not making any point here  ...sorry.

I am not talking about DGB here, as I don't support that project, like I told OP.

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October 20, 2019, 07:09:44 PM
 #40

im 18 years old and have $100 (Canadian) that I would like to invest. im not looking for a quick buck or anything, doing this just to see how it is investing in cryptocurrency. upon research, I came upon DigiByte and was wondering if this is a good investment for the long run? ive been following for the past 2 days and it has gone up in value and then down again. if this is not a good investment I would love to hear of others. thank you  Tongue

Safest bet would to just buy BTC and forget about it. If you prefer a whole coin for some reason (not that it matters in the least as far as investing goes), save up a little more and buy 1 ETH.

Or if you just want something to play with + trade once in a while, do the Dogecoin thing like someone else mentioned here.

Just be aware that $100 can turn into $50 or less real quick in crypto-land.
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