How and where invest 500€

[Lucius]

Im surprised there is no bitcoin and ethereum on your suggestion. Among your suggested list I have three of those except social good which I never heard of. 

You should not be surprised, beginners always go the line of the least resistance and invest in altcoins which are of course cheaper and of course promise xxx return on investment in a very short time as they are revolutionary and much better than BTC. The same old story that keeps repeating itself, and someone posted an image with CMC a few years ago with all those altcoins that almost disappeared in 90% of cases - and that's what awaits the above-mentioned.

If something has no purpose and meaning then it cannot survive in the long run, and the only reason such projects are created is that it is a very easy way for individuals to get rich literally overnight. Create a coin, put some money in advertising, catch as many fish in net to pump coin price, dump your coins and try to repeat that again = profit.

[stompix]

Im surprised there is no bitcoin and ethereum on your suggestion.

My surprise was short-lived, seeing that he was in a bounty campaign for a known scam as bitwings...

Anway if you are gonna suggest why these coins to OP better give him some information about these coins cause he is asking about it. No sense to recommend when you dont have information why should he invest on these.

I would suggest to the OP to do the same thing as I did, if a user suggests him a coin, even he gives a lot of information about to check how much of that is vaporware and how many shilling for some coins that will turn to dust in a few months. If you're new to investments start with the things that have been at least close to solid in the past and with a history, don't throw yourself at the first opportunity, yes you can hit the jackpot but you can also lose everything and the second happens more times than the first.

I'd rather suggest using those 500€ in day trading. It's not as safe as investing in top 10 coins but with good management and the right skills, you can make a good profit out of it. no risk, no reward  

Don't do this! It's like rushing people to gambling when they have no idea how odds are calculated.

[Bitcoinislife09]

Hello,

I would like to start investment around 500€ into crypto but I need some advice cause i'am totally novice.

Do you have some advice ?
Some ressources to get information ?

Thanks

Pick a wallet or exchange if you want to invest in cryptocurrency I suggesting Binance if you want to start trading and go for a private wallet if you want to invest all in bitcoin. It's easy to buy cryptocurrency using the Binance exchange because you could directly cash in your money depending on your country. And then you could pick the cryptocurrency you want to invest in my suggestions are bitcoin, Ethereum, XRP but investing in some altcoins is also profitable in my experience trading. If your planning to invest it all in bitcoin you could just create a wallet like Electrum and then send all your Bitcoin in Electrum.

[Renampun]

You can invest your funds in gambling sites, crypto exchanges or take other business courses...
but before actually plunging into the investment you want, you should do more research about your investment plan including the risks so that you don't lose and regret it later.

[Shaydeebankz]

I would suggest u invest in alt coin cryptos that have potentials, there are a lot of them out there. You mustn't necessarily start with btc, grow ur income from alt coins.

[cryptoaddictchie]

You should not be surprised, beginners always go the line of the least resistance and invest in altcoins which are of course cheaper and of course promise xxx return on investment in a very short time as they are revolutionary and much better than BTC.

Actually thats the thing. But cant suggest a shitcoin to a merely beginner whom just started his journey with trading and investment. They should understand first the major coins that have details and more longer before trying to enter to new coins cause its quite risky.

I know the risk of investing on hype coin that made multiplier and its really fast and quick money. But the risk is almost high that your fund could be burned or gone right away. So better OP to really put some due diligence.

[Taskford]

Hello,

I would like to start investment around 500€ into crypto but I need some advice cause i'am totally novice.

Do you have some advice ?
Some ressources to get information ?

Thanks

Don't invest yet since you might lose your money if you listen to the suggestion given although they are good but it needs proper learnings because there are risk for those suggestion. For now try to to became informative discussion regarding on certain things especially what you are seeking to is here and learn from the discussions given and also learn from people experiences about how they lose their money because you will learn big from that and you will know what things to avoid.

[Lucius]

cryptoaddictchie, when I first became more seriously interested in cryptocurrencies I started with Dogecoin because I could get it hundreds a day through faucets and it was a nice feeling to have thousands of coins, yet it wasn’t that easy to collect 1 BTC or maybe buy it. Even today, every beginner thinks about how difficult or almost impossible it is to own 1 BTC, but on the other hand they are given the opportunity to buy some BTC forks for relatively little money, or to own some aforementioned altcoins that cost around $4- $5.

The thing is of course in psychology and small/large numbers, because if we ask a beginner if he wants to invest 500 EUR and buy 0.04 BTC or buy 150 DOT for the same amount, most will still opt for the latter. Especially if someone pushes them in that direction, and if you go to the altcoins boards, everything is full of promising projects and everyone claims that they are the best for investing.

[Dorodha]

I think the best advice would be to invest and keep the risk low and the chances of losing are much lower. If you are new to the crypto market you can choose binance for investing in currencies. If the price goes up you will be able to earn double profit the risk in gambling sites is high it depends on luck and if you don't have a good idea you will lose everything. Hold on by investing in Bitcoin.

[sayaya17]

It is very risky if you want to invest in crypto, e.g. bitcoin in this case. Although bitcoin is indeed the safest asset among other cryptos. But still, bitcoin is also very volatile.
If I Look at your questions, it’s as if you’re confused and the first time it will invest in crypto. It’s also possible that you’ve previously invested in crypto whether it’s bitcoin or altcoin.
If you have already invested in crypto, at least you already have experience and learn from your experience, approximately which coin according to your observations will give you a future advantage. It needs its own analysis, and input from others also important.
But if you’ve never invested in crypto, my options don’t enter now in the crypto market. It is better to learn to know coins or strategies in trading. You must learn all about trading. Because it concerns your finances. Or if you still want to invest, it’s best to start with a little capital as by trading daily, don’t use your entire 500€.

[erep]

I predict the market will grow at the beginning of next year and a good opportunity to start investing from now, For beginners, it is advisable to share investments in bitcoin, ETH, LTC and other top altcoins to reduce the risk of loss in case of adverse market impacts at any time.

[pixie85]

If you want my advice, don't believe people who say you have to have a coin portfolio. By the way you describe your investment as investing into crypto you aren't sure what it is that you want to buy.

Altcoins are not Bitcoin. They aren't simply a competition, they are mostly clones of some kind.

Like when you go to a cheap store and they have all the popular candy bars, just cheaper and with different names. You see something that looks exactly like mars but has a different packaging, is cheaper and is not going to taste as good as the real thing. That's what altcoins are.

Buy some Bitcoin and think about what you're going to do next. If you have that gambling spirit in you buy an altcoin that you like, but never, and I repeat never buy a bunch of altcoins just to have a portfolio.

[cryptowhitewalker]

I'm also pretty much new on the space but I will boldly say that your best stop is the coinmarketcap. You will find all the notably assets as well as information and links to now information about them. Good luck mate!

[gagux123]

Well, I don't know your level of knowledge in cryptocurrencies, but I advise you, study first, and analyze if your investor profile fits into cryptocurrency, because this market is very volatile.
Try to understand how cryptocurrencies work, study about blockchain, altcoins and other related topics.
On youtube and bitcointalk you can find some study material that will help you

Remember, exchange is not your wallet
In crypto, do not invest what you can not lose

[btcltcdigger]

Hello,

I would like to start investment around 500€ into crypto but I need some advice cause i'am totally novice.

Do you have some advice ?
Some ressources to get information ?

Thanks

Well what are your expectations?
High risk but high reward, or low risk but slower more sustainable gains?

If option 1 is your cup of coffee, then buy some BTC or ETH in a dip, and sell when it goes past a certain TP point.
If option 2, then consider tokenized real estate. (pm me for details if interested)

Don't do HYIP tho, as almost all of them are a scam or ponzi.

[solomine]

Good to you to try gekkoin platform. It uses stablecoin, bound to euro - EURG. Also, you'll get a payment card. Check their site and use calculator to check possible income

[Krislaw]

In my opinion, divide your money into four coin- Polkadot, Binance coin, Social Good, Riodefi.

You will find all of them in CMC. but remember it is your money, so do research as much as you can.

I'm not surprised you didn't include coins with good marketcap. You are just shilling your coins here. No one is going to buy them.
I'd advise OP to invest in top coins with huge market cap and better usecase.
Don't make mistakes most beginners make when they got into cryptocurrency. Don't invest in HYIP and don't give money to anyone that tells you they are professional traders.

[akirasendo17]

ask yourself first are you ready for the consequences of investing? I have seen people regrets investing because they made a big mistake of choosing when to invest, I think you need to study first a little bit of cryptocurrency how they behave because we are talking about money,
like everyone said invest money you are willing to lose, choose carefully when investing, don't be emotional when investing or trading