Cryptocurrency trading

[South Park]

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

Despite your post being so short there are so many things wrong with it, would you fly a plane if you did not know how to do it? No, why not? Because you will be risking your life if you did, then why do you want to enter the market when you have no experience and most likely no knowledge about the markets either? You are going to get burned and even if you happened to become successful on your first trade this will not be because of your skill but it will be simply because of luck.

[Blitzboy]

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.

I agree with you. holding is the key point to success in cryptocurrency world. It is not necessary to trade cryptocurrency because holding is the best thing to do and every 3 years, you will earn a huge profit just from holding

Trading requires more skill and knowledge and it is frustrated. Do not trade recklessly or you will lose your money in just a few click

I recommend you to buy binance coin because it is one of the most promising coin on the network. If you want to learn more about binance coin, you should read the binance smart chain first. BSC will soon become the technology that replace ethereum blockchain

[sayaya17]

You can invest $1000 and in Bitcoin or Ethereum or ADA coins. But of course, do an analysis in advance whether it is worth buying at the current high price. Buy the coin when the price is corrected. But if you are not in a hurry, you should enter the bearish market, because now crypto is bullish. That I suggest because you have no experience at all in trading. Because you will lose in this trade. Join group trading just to just share and get the science of trading. But it's certainly not a paid group.

[Ararbermas]

Try to gain some knowledge first mate, because its not highly recommended to enter trading wherein despite you are lack of information.. Its very risky FYI.

Try to educate your self because it's a must and very necessary when it comes trading with crypto currency, in fact its not an easy thing to rely because there are some factors that you need to prevent on this kind of matter wherein just to keep your money safe.. So be smart don't rush your situation..  It's good to enter when  you are fully prepared to less some pressure while trdaing.

[ChaoChibai]

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

I think you can separate your investment 70 - 30. you can invest 70% in top ten crypto coin at the market, meanwhile 30% you can invest in bitcoin.
It will be better for you to study first about crypto trading to minimize the risk of losing. Also I dont suggest you to buy small caps altcoins because I think its to volatile.

[bitgolden]

I think you can separate your investment 70 - 30. you can invest 70% in top ten crypto coin at the market, meanwhile 30% you can invest in bitcoin.
It will be better for you to study first about crypto trading to minimize the risk of losing. Also I dont suggest you to buy small caps altcoins because I think its to volatile.

But I will recommend to do the exact opposite of what you said; 70% into bitcoins. Because, it will be a wise move if you invest more into highly secured and high returning asset rather than risking into random things. In my opinion altcoins investments are too risky even the current scenarios are completely different from my view.

Moreover I will never recommend anyone to get into for the purpose of trading crypto because that will be multiply your risks into 1000x but at the same time you can enjoy big profits just being an investor by choosing only bitcoins.

[Cherylstar86]

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

I recommend the good coin that has been on trend right now, dogecoin has been doing well for the past days. Though there's a slight price declination, but that doesn't stop the traders to purchase this crypto because of Elon Musk warm support for this project. Popularity is very important, that's why I also gained an optimum trust towards this to become sustainable asset in the future and that $1k is worth it.

[Rampagoe004]

If you want to invest in the crypto world then you must first learn how to find a good coin to invest in, and currently many coins that we can rely on because all potential coins are at the best value for us to hold, then we must be able to benefit for now so that we enjoy the results at a time when bitcoin and other altcoins are at the highest value this year.

[arifteguhr]

If you have no experience in trading especialy in cryptocurrencies, ypu better put your money in to bitcoin or good altcoin then leqve it there for years. It is safer then ypu do trading on daily basis.

Easily if you are really interested in investing in bitcoin. because after all altcoins follow bitcoin price movements. the question is when is the right time. Is this the right moment to invest when the market is bullish? in my opinion for now you have to be careful, especially bitcoin is in a bullish condition and has not undergone a correction

[irsykes]

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

$1000 to buy BNB every launch pad, i think some of coins that get Binance Launchpad get good price when listed in it. Or maybe just sell BNB that you have because if launchpad means people will but BNB to commit and more BNB means more they can get the coin that still in launchpad.

[beerlover]

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

Without any doubts, they should go only with bitcoin investments; yes you must invest all your $1000 only with bitcoin because when you are not having any experience and knowledge about crypto trading then you should go for investing rather than struggling with trading. Cryptocurrency trading is something you could not imagine because it will wipe out all your $1000 in matter of minutes. So, always try to secure your capital first and then you will easily get chances two multiply it.

If you're ready to hold your $1000 worth of bitcoin for next 4 years then definitely you will find your money worthing $10k for sure. I am just speculating from what they have experienced in last eight years. I mean anything could happen but the chances for what I have mentioned is having more than 90% chances to happen in real life.

[SacriFries11]

If you want to invest in the crypto world then you must first learn how to find a good coin to invest in, and currently many coins that we can rely on because all potential coins are at the best value for us to hold, then we must be able to benefit for now so that we enjoy the results at a time when bitcoin and other altcoins are at the highest value this year.

If he's totally new to cryptocurrency, I think OP need to invest first his money in cryptocurrency that are safe like BTC, ETH and BNB before he learned about the structure and how crypto trading works. There are so much aspects to be considered in entering the market or make an entry and exit in every trades. It takes some times before learning about trading and it's a continues learning. Risk management is very important and learn how to control your emotion. Some traders FOMO resulting to lose their capital and become frustrated to get back their money. Fundamental analysis is still the best analysis for beginners and even the big traders and supported by TA.

[Blitzboy]

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

I think you can separate your investment 70 - 30. you can invest 70% in top ten crypto coin at the market, meanwhile 30% you can invest in bitcoin.
It will be better for you to study first about crypto trading to minimize the risk of losing. Also I dont suggest you to buy small caps altcoins because I think its to volatile.

This is the best advice I have found so far. OP you can follow this instruction to maximize your portfolio

In order to make good investment in altcoins, you need to have further research. There are likely thousands of altcoins and one mistake can destroy your balance.

[MrcMrc]

First, you need to move this thread to the right section which is the trading discussion, second, trading is not like an investment that once you have capital, you can just buy in trading you require skills that will guide you during trading to avoid losses.
Trading is not an easy venture and as a novice without good knowledge of trading your chances of making profits are slim and you might even lose your funds in the process.

[Fredomago]

If you have no experience in trading especialy in cryptocurrencies, ypu better put your money in to bitcoin or good altcoin then leqve it there for years. It is safer then ypu do trading on daily basis.

Easily if you are really interested in investing in bitcoin. because after all altcoins follow bitcoin price movements. the question is when is the right time. Is this the right moment to invest when the market is bullish? in my opinion for now you have to be careful, especially bitcoin is in a bullish condition and has not undergone a correction

Easy at it is, if you are aiming for long term investment then placing your money into bitcoin or known alts are the best thing to do, there's no doubt that along the way bitcoin value will rise for more.

It's important for you to analyze since the market is really volatile and there are many up and down that will undergo inside the market.

But with your concrete undertansding you'll be able to compensate and earn decently from this business.

[dimonstration]

If you have no experience in trading especialy in cryptocurrencies, ypu better put your money in to bitcoin or good altcoin then leqve it there for years. It is safer then ypu do trading on daily basis.

Not all altcoins were able to recover whenever the price dump, other altcoins mght not really move on  from it. I have some coins which have values before but tirns to nothing now. We must try which time can sold many and try to learn trading. Our profit in trading will depend on bow good we are in trading.

[Congyang]

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

You can try to be in lower risk cryptos like ETH or BNB. if for beginners this is the best choice because you are not too risky to face losses. So don't waste your money on coins that don't have potential

[Roidz]

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

You can try to be in lower risk cryptos like ETH or BNB. if for beginners this is the best choice because you are not too risky to face losses. So don't waste your money on coins that don't have potential

If you want big profits, of course you have to dare to take big risks in trading, because if you just want to play it safe in trading, of course you won't be able to get a profit and only stick to the capital you have right now, even so before you do trading you should check and check market conditions before deciding which altcoin you want to invest in.

[makishart]

You can try to be in lower risk cryptos like ETH or BNB. if for beginners this is the best choice because you are not too risky to face losses. So don't waste your money on coins that don't have potential

It's also a bad suggestion for him even ETH and BNB are the major coins but remember that it's not impossible for him to suffer the loses caused by he was entering at the wrong time.
Try to spend a small amount to trade is far better than try to join in the major coin without 0 knowledge about that.
OP needs to learn before try to join in the cryptocurrency trading.
Trading will give him a big risk for sure.

[kodtycoon]

If I were you who had $1000 then I would put everything in doge. I do not care about any issues circulating about the doge, because so far with such old coins and also, there has been an incoming adoption from a very influential person so of course the doge has a good future. Even before the big investors entered I believed that the doge had a long future which of course the price would continue to rise from time to time.