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Author Topic: Start crypto earning  (Read 250 times)
icodewp96 (OP)
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June 13, 2022, 02:13:18 AM
 #1

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
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June 13, 2022, 02:27:31 AM
 #2

1000 USD is a fairly large initial capital. But before you choose what you should do, you better learn first.
knowledge of crypto, because if you invest without prior knowledge of crypto, don't understand TA and FA it will be more risky to lose. You must know how the cryptocurrency scheme works. If you want to trade use Spot trading which is safer than Futures trading. but have to do some research first, it's better.
Use strategy and capital management to manage where the money will be invested. All must need preparation, so the risk will be lower.
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June 13, 2022, 02:38:29 AM
 #3

How can I do it safely and low risk?
I don't think getting yourself into trading is a good idea. By this, I mean it isn't a simple buy high or sell low game that lets you earn a quick buck without too much risk. Personally, it is the most complicated game I've seen in my entire life because you are up against people who have extensive experience, more resources, and connections that give them an upper hand over you which in turn will probably make you lose money if you don't specifically know what you are doing.

If I were you, I'd rather DCA[1] while learning crypto in general just to get comfortable in the space. But if you still want to learn to trade, then I highly suggest you read these resources[2]

[1] https://dcabtc.com/
[2] https://bitcointalk.org/index.php?topic=5380545.0
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June 13, 2022, 02:42:52 AM
 #4

If you're asking how to make money in crypto, you're not ready for crypto. Because if you understand crypto, you wouldn't be asking this. Use your 1000 USD to make money in other ways instead, on methods that you understand far more.

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June 13, 2022, 03:26:05 AM
 #5

you might want to stay put on this forum and start reading or join discussions that interest and help you. just like what mk4 said, if you are asking about how to make money in crypto, you are not ready. the forum is full of people that can give you advice on what you should do, read, and learn before you decide on investing in it.

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June 13, 2022, 03:28:56 AM
 #6

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
If it is about trading, you must have the ability to trade. But if it is about investing, then investing in bitcoin would be highly recommended over altcoins. But you can also invest in altcoins that have the potential to increase in the future, and coins like Ethereum and BNB are examples of coins you can buy and keep.

The risks of trading and investing in crypto are highly volatile and different from trading stocks or anything else, so you should have some knowledge of crypto before investing.

But if you still want to choose crypto as one of your investments, maybe bitcoin is the right coin for your investment. But you should only buy bitcoins when the price drops, and now is a good time to buy bitcoins.

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June 13, 2022, 04:01:13 AM
 #7

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
Buy btc and wait for it to grow. If you havent learn anything yet on crypto then avoid putting it on any asset. Learn fitst how trading works, and if you manage to learn those things then your 1k is ready to go. Until then dont invest money.

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June 13, 2022, 04:49:54 AM
 #8

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?

Good question. I'd make two(2) assumptions from your question:
1) You already have 1000USD which is the money you can afford to lose.
2) You are new to crypto trading

The first step to trade crypto safely is for you to create a crypto trading strategy because crypto trading is already high risk. You need an in-depth knowledge of technical analysis, chain analysis, knowing when to enter a trade and when to exit a trade. There are more traders who lose money than those who don't. It is recommended that you diversify your assets after you have done you research(not binge watching YouTube videos). Avoid trading bot.  Here are some curated topics by users of this forum on crypto trading.
https://bitcointalk.org/index.php?topic=5364418.0#post_point154

Goodluck.

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June 13, 2022, 05:14:56 AM
 #9

With current situation of cryptomarket, i suggest that to buy bitcoin at the moment if you are willing to buy crypto.

But always remember this tips

1. Do not trust crypto Influencers on social media
2. Do not invest on hyped coins
3. Always trust your own intuition
4. Do not fall for scams.
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June 13, 2022, 05:29:00 AM
 #10

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
Converting that into a stable coin is truly a low risk but in terms of safety, you can't tell if there's a safety one. What I can think of are the said interest rates that's been done with the exchanges but the risk is there and potential low income.

But here's the risk doing it.

1. Putting money on an exchange and being on their interest accounts won't give you guarantee with your keys.

2. Stable coins are in the hot tub these days and making everyone worried because a few of it have became controversial due to its depegging in $.

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June 13, 2022, 06:27:51 AM
 #11

Recently one of the custodial wallets (Celsius Network) have suspended withdraws to handle the liquidity imbalance. Just to take note that these kind of things happen when market starts bleeding.

https://decrypt.co/102715/celsius-tanks-as-company-pauses-withdrawals-citing-liquidity

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June 13, 2022, 10:11:32 AM
 #12

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?

If you do not need that money and you can afford to invest it for at least a period of 2-3 years, then it would only be logical to invest in Bitcoin. However, before any investment, try to learn some basics in terms of understanding what is a public address and what is a private key, how transactions work, and perhaps most importantly how to properly store your digital assets.

The easiest thing to do is to invest, everything is much harder afterwards and there is a greater chance that you will lose your money due to ignorance than due to the volatility of the crypto market.

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June 13, 2022, 10:52:10 AM
 #13

~Snipped~
How can I do it safely and low risk?
By "not" creating a thread to disclose how much you have at your disposal [you just made yourself a target and if suddenly you received a bunch of PMs asking you to join a certain telegram group, ignore those]!
- DYOR in a silent manner!

Buy stablecoins and stake it in exchange for a fixed passive income daily.
Personally, I wouldn't consider something that might get hacked in exchanges and "frozen in your own wallet" as low risk!

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June 13, 2022, 10:18:41 PM
 #14

In cryptocurrency it is not proper for people to make decisions how to invest your money, you have to learn how to make good decisions that you think it is is okay with you. Real cryptocurrency investor don't ask how to invest their money. You can also invest outside  cryptocurrency if you desperate to make earnings.

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June 13, 2022, 10:28:30 PM
 #15

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
i will advice you directly. It's good to have the mindset of investment, but before you learn or invest your funds try to understand the basic aspect of cryptocurrency investment first. Yes you had $1000 worth of usd and you want to invest in cryptocurrency. Have you invested before? Or do you know the implications behind lost of funds for trading. Before you raise such ideas, at you have gathered information of trading.so in conclusion, first acquire the knowledge before investment


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June 15, 2022, 09:53:57 PM
 #16

I wouldn't advice you to go into crypto trading but holding. For me, I think the best way to earn with crypto is staking your coin or Using them as yeild farming on a DeFi Dapp. Like Uniswap, pancakeswap and more.. There are a lot out there. That are safe and reliable to use.

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June 15, 2022, 11:37:54 PM
 #17

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
The bolded one can be depending on you on how you manage your actual trade. It can't be guaranteed that whatever we say will help you it is because you are the one doing this. And in the first place, trading is accompanied by risk and no profit assurance. But I think this is not the thing we put in mind, if we have a plan for doing this see to it that we are also positive and our mindset is focused on how to improve our trades rather than being destructed with negativity.

But I suggest starting with a small amount while familiarizing the market, like having $100 is good enough. You can top some if you can assess yourself that you are ready enough to handle the market and stress.
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June 16, 2022, 05:19:46 AM
 #18

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
The market is bearish at this time and you will see most of the coins down at this time but if you ask us then it's best time to invest your money as you can have more share of coins at discounted rates but depends on your coin preference like if you invested your money into some useless token then it's lost but as you are new then bitcoin is best option for you if you can hold it for long term but think again before entering the market.

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Ziskinberg
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June 16, 2022, 01:16:11 PM
 #19

Hi dear I want to ask to you about crypto trading, what do you recommend if I have 1000 USD and want to grow it by crypto. How can I do it safely and low risk?
I'm not going to recommend trading this time, especially for newbies but instead of advising you to take investment first while still learning and familiarizing trading. Honestly, you can't simply jump on trading without learning at least the basics otherwise, you will lose. Start earning crypto with a simple strategy  BUY (now), Hold, and Sell (later).

You have to understand the risk in the trading OP. Having NO-HOW about this won't make you profitable but the investment could possibly give you some. Let us say that you can afford to lose $1k but never I would say you may go trading, but what I would like to say is to assess yourself first before moving in.
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June 16, 2022, 02:28:25 PM
 #20

How can I do it safely and low risk?

Since cryptocurrencies are considered a high-risk investment, such a fund or investment vehicle could pose significant risks for investors. Before you decide on this type of investment, make sure you understand the full risks and volatility involved. If you are looking for security, I suggest you shift your attention to another investment market instead. On the other hand, if you are looking for exciting investment returns and high potential of capital appreciation, cryptocurrency is worth considering.

You can start with a small investment or use the DCA method while familiarizing yourself with the market. If you have specific questions, do not hesitate to ask.

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