The Sceptical Chymist
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December 26, 2019, 03:17:19 PM |
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My idea is simple it will be less rewarding in the beginning but it would ensure that you don't go bankrupt in the first week.
I guess that's probably true, but I would say why even bother trading if all you've got to play with is $50? If that's all you can work with, my guess is that you probably can't afford to be trading cryptocurrencies and would be much better off if you didn't even try. Too many people get into trouble by putting more into the market than they should. I wouldn't even attempt to trade anything with that amount. You'd be better off just buying some bitcoin with that $50 and holding onto it throughout the upcoming year and adding to it when you can. That's probably going to be the best way for you to make money.
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Ridwan Fauzi
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December 26, 2019, 03:41:57 PM |
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Hello dear members, I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.
I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future. I prefer working with bitcoin.
What is your idea about this?
You already have an answer and you can start with it. Indeed, the profit that will you get is depend on your capital that you spend. But, there are many changes for you to increase your capital quickly, you can trade daily if you wish and I'm sure your money will increase quickly if your prediction going correctly. It is good to start with small amount of money for trading crypto, at least it will giving you awareness not to be greedy going forward.
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WLtoys V912 (OP)
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December 26, 2019, 04:25:59 PM |
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What do you think about coins like FTO in Yobit? This coin has gone up by about 23% recently. It is possible to gain profit from this coin with only $10 investment. You can earn $1 profit with $10.https://yobit.net/en/trade/FTO/USDI want to monitor the price of FTO and buy it when it went down again. What do you think?
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iv4n
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December 26, 2019, 04:44:43 PM |
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Hello dear members, I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.
I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future. I prefer working with bitcoin.
What is your idea about this?
You already have an answer and you can start with it. Indeed, the profit that will you get is depend on your capital that you spend. But, there are many changes for you to increase your capital quickly, you can trade daily if you wish and I'm sure your money will increase quickly if your prediction going correctly. It is good to start with small amount of money for trading crypto, at least it will giving you awareness not to be greedy going forward. Quickly is always riskier than slowly. With 50 dollars he doesn't have a space for making mistakes, so buying at some point and simply waiting for price to grow before selling and then again waiting for price to drop is what he needs to do. How to get a perfect timing for buying or selling, well what he needs to do is to observe the market and find the possible lows and highs, and to trade according to that. If he miss a good trade what he need to do is to wait next good moment, not to rush into some stupid trade and lose his money.
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semobo
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December 26, 2019, 05:16:58 PM |
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What do you think about coins like FTO in Yobit? This coin has gone up by about 23% recently. It is possible to gain profit from this coin with only $10 investment. You can earn $1 profit with $10.https://yobit.net/en/trade/FTO/USDI want to monitor the price of FTO and buy it when it went down again. What do you think?Avoid trading on that exchange especially don't get attracted by their high return schemes which could end up in a mess because that exchange is well known for bump and dump on their own and make people suffer at the end.
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rijaljun
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December 26, 2019, 06:05:47 PM |
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In the OP he mentioned that he will like to go for BTC but in that case I agree with you that he will not be able to manage the transaction fees etc. But if he will choose to trade in altcoin then he do not have smaller amount as at my first trade I took start with $5 or $10 or something around that amount to test that how it work and I started to earn effectively with that amount. He can start his testing phase with that amount easily.
Basically, transaction fee isn't a problem. He can use altcoin with low transaction fee to move his capital. In fact, no one with such amount of capital will use different exchanges to trade so there would be no transaction fee for him. About the trading fee, well it is cut from the percentage of trades. If he could manage to get profits everytime, there will be no problem. Also, some platforms take 0% trading fee for market maker, that's a plus. So, daytrading could be okay for him. But, there are lots of speculations on what will happen in Q4 of 2021 which could be a better opportunity for him than to do daytrading.
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its-a-me-mario
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December 26, 2019, 06:58:42 PM |
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Long-term holding simply won't make a profit with starting capital of $50 unless you find the next ETH, which won't happen. Short-term swing and day trading will be your best bet, but you'll need to make sure you develop a strategy that doesn't take large risks and exits positions if you're trending towards a big loss.
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Ryker1
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December 26, 2019, 07:14:39 PM |
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Well, that is not enough capital if you only have $50 to start investing crypto. Holding the long term probably will give you a small profit but that is not kind of huge that you expected. I dont think so if how much the net incomes when $50 charge a transaction fee from the exchange and then how much left for you to trade. Most crypto exchanges will have 1-4% having transaction fees. Indeed, I will advise you that invest in bitcoin and hold as much as you can and wait until your profit was there.
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target
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December 26, 2019, 08:42:45 PM |
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Not enough to trade and profit. $200 would be a considerable amount o begin trading on BTC/USDT probably just buy 1BNB with it so you can trade on binance. The only signal to watch out is the overbought and over sold thru RSI and I guess a trader will profit with little by little until the accumulated BTC are enough to trade with leverage.
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ethereumhunter
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December 26, 2019, 11:06:37 PM |
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I don't know if trading with $50 is a good idea or not because $50 is too small to trade. But it still worth to try because you'll never know how much you can make with that money. You could only find a low price coin so you can hope that coin can rise in the short term. But the best strategy for you is a long term strategy because your initial money is small. You cannot buy and sell if the price does not increase so high or decrease so deep.
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BuNga_cute
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December 26, 2019, 11:30:01 PM |
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I suggest with a capital of only $ 50, do not invest in bitcoin, because the price of bitcoin is too expensive for a capital of $ 50. So, later profit obtained can be subject to transaction costs. It's better to invest in altcoins, because altcoins are very cheap. Some are even the price is under $ 1, so you can get a sizable profit with a capital of $ 50. Choose altcoins that have high volume and are popular so it's easy to trade.
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lienfaye
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December 27, 2019, 01:41:33 AM |
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Keep in mind that investing is risky and you should be prepared to lose your money because there's no assurance of gaining when you invest.
Since your capital is $50 and you dont want to invest in low value alts then go for btc and hold it for a certain period. But you have to timing when to buy, take advantage when btc is declining. I dont recommend day trading due to the amount of your capital, its quite risky you might lose it.
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killerfrost
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December 27, 2019, 04:17:58 AM |
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Ideally, you should try to earn more budget to be able to invest in the most comfortable way in this market. 50$ really too little for you to buy BTC or altcoin. I think you must have a minimum of 500$ to invest in altcoin and wait for profit. But if you still want to invest with 50$ then I recommend you to buy the new altcoins listed at the exchange in 2019, which are collapsing altcoins and very low prices compared to IEO or ICO prices.
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Harriti
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HEX: Longer pays better
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December 27, 2019, 05:57:19 AM |
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Hello dear members, I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.
I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future. I prefer working with bitcoin.
What is your idea about this?
You should try futures trading for Bitcoin at Binance. because they allow you to borrow $ 50 of the assets you have, so for $ 50 you will be able to trade up to $ 75. This is pretty good for people with small capital like you and with a little luck you can make a lot of money from it. The future contracts of leverage are also quite attractive and it can make your money x2 easy after a few successful trades. or you can trade margin, both types of transactions are quite similar and can make quite a lot of money.
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rijaljun
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December 27, 2019, 02:14:04 PM |
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I suggest with a capital of only $ 50, do not invest in bitcoin, because the price of bitcoin is too expensive for a capital of $ 50. So, later profit obtained can be subject to transaction costs. It's better to invest in altcoins, because altcoins are very cheap. Some are even the price is under $ 1, so you can get a sizable profit with a capital of $ 50. Choose altcoins that have high volume and are popular so it's easy to trade.
So you prefer to look something based on its amount than its potential value? Since you told that don't invest on bitcoin cause its price, it's kinda you told him to buy DOGE or even shitcoin with no potential value in the future just to get 'more' coins.
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bitzizzix
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December 27, 2019, 03:00:16 PM |
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Actually, in trading it depends on the market situation and how much capital you have. if you see the market well now in my opinion it's difficult to trade daily or short term you might only get a small profit if your capital is not supportive and that also depends on the coins you choose, you have to trade medium or long term to get big profits and do good analysis to choose the right coins, and if you do long-term trading in my opinion, the top bitcoin or Altcoin is good for you to choose.
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FLoving
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December 27, 2019, 03:33:36 PM |
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Long-term holding simply won't make a profit with starting capital of $50 unless you find the next ETH, which won't happen. Short-term swing and day trading will be your best bet, but you'll need to make sure you develop a strategy that doesn't take large risks and exits positions if you're trending towards a big loss.
I favor your point of view it is better to choose for the day trade and to increase that amount with the passage of time but if someone will want a long term trade and will like to spend that in a single coin and wait for longer then it is possible that he earn a great profit as in 2016 I earned a $30 in a marketing campaign and I left that amount in an altcoin and after waiting for an year I sold that coins for $2500 in the end of 2017. That was a great profit for me.
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Cacingkemi
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December 27, 2019, 05:07:32 PM |
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Hello dear members, I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.
I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future. I prefer working with bitcoin.
What is your idea about this?
there is no limit on how many dollars you have if you want to develop the capital you have spent, the most important thing is to persevere in trading to be able to earn a little profit by achieving the target set. maybe exactly you have to be involved in daily trading and you should be able to see the situation of market price movements on each coin you are going to trade
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ubercool
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December 27, 2019, 05:38:23 PM |
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You reminded me of my early days in the crypto world. It was hectic actually. If you're ready to take risk and won't mind losing it then better to buy some low shady coin and wait for it's pump. The advantage with these coins is that they can pump without reason but also gets dumped without reason so be cautious and try not to lose.
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minersday
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December 27, 2019, 06:08:00 PM |
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Not too look down on the OP but $50 investment into cryptocurrencies is way too little amount to yield substantial amount of profits soon. It will take you months to make something decent if you are to go into day trading. Come to think of it, what's the probability that you are going to make profits in every little trade lol. Dude add a little to say $200. I think this will be off a good start.
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