Cryptocurrency trading

[tippytoes]

Firstly, invest only what you are willing to lose. Ask yourself if you are fine with losing your $1000 in the worst case scenario. If you are fine with it, proceed to do a good deal of research related to the cryptocurrencies that you are interested in.

I advise sticking to popular cryptocurrencies like BTC, ETH, LTC etc since they won't just disappear one day out of the blue. Invest smartly!

As a beginner in trading, I would also suggest the same. Invest in top cryptocurrencies as they have established market already. Once you get acquainted with crypto trading, that's when you slowly check other new alts. Because you need to have a grasp first in crypto trading. And it is good to practice that in these top alts like btc and eth. Start small. Don't go all in, like spending your 1k at once. You need to learn the basics in trading first. Also, go for top crypto exchanges like Binance. Don't be tempted using unknown exchanges offering some good rewards. That's a bait and you will end up losing your funds.

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[FrozenBit]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

Tips for you, if you are new to this field. I just want to recommend that you use this money to sign up for a few blockchain courses, I think it costs about $500 for learning, so you have knowledge about the market. I have suggestions for you about the platform: https://ledu.education-ecosystem.com/

And using the money back to apply to real market investment, I believe by then you will feel very different from the present. And wish you to find success in this market soon.

[Shasha80]

Lots of similar questions that I have encountered these days are being asked by newbies. If you really want to invest in cryptocurrency,
start investing in crypto which is popular and has high volume. Such as BTC, BNB, ADA, DOT and ETH. Because the coins I mentioned will be
safer to buy, because they have a high demand, so maybe the price will go up faster. Instead of choosing low volume coins, which are
very difficult to increase and possibly become dead coins.

[Bluto]

With $1000 sure you can trade but it shouldn't be that you go all in on one coin. I'd say go with several and try to watch charts and fundamentals if you have the time. If you don't mind being in front of a monitor and doing some analysis then futures are not bad. For spot trading making money with $1000 can't be very reliable I think.

[Kocret02]

For a beginner if you want to trade crypto try to buy low risk coins like bitcoin or ethereum on the exchange. Your basic strategy is that you buy at the lowest price and sell at the high price when you have made a profit. I think it's the best technique and you can do it easily

[Tigerheart3026]

Sometimes new traders will make mistake buying wrong coins, 
Buy popular top coins although profit may be small btw it less risky to your investment and if you capable to long rolling, top coins will ensure enough profit.

BTC,ETH,BNB,XRP,LTC all of leading and high volume coins.

[lobo13hf]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

Buy top coins and that's more than enough to give you decent profit with low risk potential to lose your money.
You will get less from what you have expected but this far better consider you will also got less risk as well. If you can deal with the risk and you can go for medium altcoins which can give you better profit than major coins but again the choice is yours whether you wanna put your money into the risk or not.
Becareful when choosing altcoins because there are lots of scam coins on low tier crypto.

[umbara ardian]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

Are you ready to lose $ 1000 or more? Take your time and money to invest in terms like the background knowledge in this market. Understand it first, as you mentioned as a novice and inexperienced, don't bet your assets on others.

[lablab03]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

you should make your own decision when it comes to this kind of making money.. Never rely on some suggestions from others traders coz we have different vision.. Make your own research instead.. Learn how market works in order to prevent some projects which not really make good profits after all.. Gain some knowledge first.. Actually that amout of money is enough to start trading.. But never dive in immediately.. Make an observation here coinmarketcap, focus to the top 5 coins if you really want to make a good return.

[Xinarae*]

Your own knowledge is most effective for cryptocurrency trading the overall business strategy is to think of something else. There are many possible ways to make money in the financial market depending on the time and effort you take on this venture you can choose from a variety of strategies to achieve your financial goals of course business requires capital if you don’t have savings and can start a business with money that you can’t lose, it can have a devastating effect on your life. Trading is not an easy feat  a lot of early traders are losing money that is why it is advisable to start with a small amount to test the water.

[jostorres]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

If you believe, just having some capital is enough thing to get into trading, then you will be disappointed in very short period of time. You agree that you are having no experience in trading then definitely it is not the time for you to get into cryptocurrency trading. Just invest your $1000 and focus on learning basics of trading. Trading in crypto space is more dangerous one unlike you could imagine about.

I'm not kidding but I'm just talking about the real facts. There are lots of methodologies are available to become profitable trader in considerable quicker time but you must need lots of dedication and efforts to achieve that stage in cryptocurrency trading. You may start today the learning process but definitely not trading .

[mamesso]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

Entering cryptocurrency trading is not as easy as you think, Moreover, you say you don't have any experience in the crypto field at all. Before you enter the crypto market, the first thing to do is first learning how the cryptocurrency market works. You can learn from friends how to invest properly and correctly or find information from trusted sources.

In investing, you must measure the financial capabilities you have, the higher the profit you can get, then the risk of losing will be even greater.
As a newcomer to the crypto market, it will be much safer if you choose to trade with a capital that is not too big first. Because trading in the crypto market does not have to require large capital, the important thing is that you can do it with a mature plan and not be greedy.

[Dump3er]

Firstly, invest only what you are willing to lose. Ask yourself if you are fine with losing your $1000 in the worst case scenario. If you are fine with it, proceed to do a good deal of research related to the cryptocurrencies that you are interested in.

I advise sticking to popular cryptocurrencies like BTC, ETH, LTC etc since they won't just disappear one day out of the blue. Invest smartly!

As a beginner in trading, I would also suggest the same. Invest in top cryptocurrencies as they have established market already. Once you get acquainted with crypto trading, that's when you slowly check other new alts. Because you need to have a grasp first in crypto trading. And it is good to practice that in these top alts like btc and eth. Start small. Don't go all in, like spending your 1k at once. You need to learn the basics in trading first. Also, go for top crypto exchanges like Binance. Don't be tempted using unknown exchanges offering some good rewards. That's a bait and you will end up losing your funds.

You could also divide up your available money into categories. Take 10% for a gamble in order to learn how those high risk investments work, take 30-40% for some bigger alt coins like XMR or TRON or Cardano, and the rest for the most well established like BTC and ETH.

With such a strategy you are exposed to all the risks and opportunities and probably benefit from the best learning curve you can have.

[blockman]

Are you ready to lose $ 1000 or more? Take your time and money to invest in terms like the background knowledge in this market. Understand it first, as you mentioned as a novice and inexperienced, don't bet your assets on others.

Very true. There's no need to rush upon investing in the crypto market. He can buy quickly if he wants to but buying without understanding what you're buying is throwing money.
The only crypto that's good for newbies without further researching is bitcoin but I don't encourage that. He still has to know what bitcoin is for his own sake.

[Dump3er]

Are you ready to lose $ 1000 or more? Take your time and money to invest in terms like the background knowledge in this market. Understand it first, as you mentioned as a novice and inexperienced, don't bet your assets on others.

Very true. There's no need to rush upon investing in the crypto market. He can buy quickly if he wants to but buying without understanding what you're buying is throwing money.
The only crypto that's good for newbies without further researching is bitcoin but I don't encourage that. He still has to know what bitcoin is for his own sake.

Do you have an idea how many people fully understood Bitcoin before investing in it? I bet it was maybe 5 - 10% who had a decent idea when they decided to put money into it. I am sure not even today do most people fully understand the complex implications Bitcoin brings about.

They are just going with the herd, which is what many people do in many situations. Typical example for fear of missing out.

[HaekalZ]

If you have $1000, my suggestion you really need to buy :

1. $500 on ARPA;
2. $300 on BNB;
3. $200 on VET.

those 3 coins are my top suggestion list that you should invest or trading both in a short-term or long-term investment.
those 3 coins are keep growing and keep breaking their ATH. So if you really wanna make a trading, those 3 coins are my best top 3.
i hope it's gonna be useful for you. good luck !

[cabron]

If you are trying to learn trading then just go to the pair BTCUSDT because this is where most of the traders are trying to trade in where the volume is going. You don't buy an altcoin where you could trade well unless you join the sideways consolidation of those tokens which most investors will likely hold until its ATH. $1000 I think is enough but buy at least a fraction of BNB for the trading fee.

[SquallLeonhart]

If you are trying to learn trading then just go to the pair BTCUSDT because this is where most of the traders are trying to trade in where the volume is going.

Yes, watching and following high volume trading pair will be definitely get us more depth knowledge about market fluctuations. Because, when your trading pair is having high volume definitely it will be obeying all the technical and fundamental things as no one could manipulate the direction on their own benefits.

$1000 I think is enough but buy at least a fraction of BNB for the trading fee.

That must be really practically useful suggestion but I'm not seeing OP is mentioning anywhere about that they are going to trade in binance. Anyway, looking to save on exchange fee must be a good approach as these days we are paying a lot for transactions fees.

[sarmrakib]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

Why you wanna do invest on crypto before don't knowing everything. It is tough market you can loose your valuable capital if you don't have knowledge behind that. So that i wanna suggest you to learn firat then come into the trade with small amound which you have already. Gradually you will get profited for sure.

[posi]

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

First understand that holding for long-term in this current bullish market is dangerous for inexperience traders because the market blood bath can happen anything and it usually take 3years before there is another bullish market like this present market but we still not sure what happen this year bullish market cause the major investors are the institution.

The only secure coin you can invest in is Bitcoin but if you want invest in altcoin also you can go for ETH, DOT and BNB.