beginner in Crypto

[raja9167]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

[1714739432]

1714739432

[1714739432]

1714739432

[jackg]

Why? What do you want to do?

If you're after a way to make money you could look into play to earn nft games (but do thorough research as some will be or are scam).

If you don't want the risk or can't do research (a wise thing to admit) then consider investing in bitcoin or getting used to making traditional investments first (such as the stock market or local investments).

[Baofeng]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Not sure about those NFT's, it's more of a hype and trend. If you are a newbie and wanted to stay long in crypto, at least better invest first on Bitcoin (BTC) and see how it goes.

At least in my case, this is how I started, and when I gain some knowledge, that's where I started to venture and experiment on other projects and hypes at that time. But still pointed me though to have majority of my portfolio to BTC. As others would have said, you can never go wrong with purchasing your first Bitcoin.

[Upgrade00]

As a beginner in crypto, I would not recommend you purchasing anything, much less a random jpeg turned into an NFT.

In the steps of getting into crypto, making a purchase is one of the last steps you take, your first steps should be;
• Understanding how crypto works and the basics of the technology,
• Identifying coins with actual utility like Bitcoin,
• Understanding the basics of how Bitcoin works and gets its valuation,
• Learning how to purchase and secure your asset,
• Making a test purchase to ensure you have a hang of everything,
• Then choosing a purchase plan, preferably DCA.

[alastantiger]

As a beginner with a limited budget if you aim is to get a quick or massive ROI on Bitcoin,
then I will advise that you are abort and choose a new plan or rather just invest in nft or some maybe some altcoins.
Kindly stay away from Bitcoin if you're looking for short-term again there is no two ways about it. But if you're looking for a friendly advice invest and hold Bitcoin or rather still learn how to trade. Trading will make you a lot of money not immediately but eventually you will.

[danadc]

The only way to sell bitcoin at this time is if I had a great need, but I think that now we all know that bitcoin has great potential and that it has a lot to offer, but for the rest the best thing is to have bitcoin very well kept as the the best treasure you want to have, because we cannot say when the price will go up, and when the price goes down we can find that in the news they celebrate it and say that bitcoin is the crypto asset that leaves the most losses and leaves the most investment risks and They do not recommend it because it has nothing to back it up and that makes people distrust it. My recommendation is that they do as much hodl as possible, because the benefits later on will be great.

[o48o]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

If you have no idea what you are doing and it sounds like it, it would be better just to buy lottery tickets. I don't advice you what to do but if you are going in NFT game, at least study it a lot before going. I have been defending NFT markets but when someone asks a question like this i just know they are going to lose everything. I can't underline enough how much risk you are taking compared to mid level marketcap altcoins, or even low caps.

There are some apps that can help you like:
https://dune.com/browse/dashboards?tags=NFTs
https://app.traitsniper.com/

But once again you would need to know how to use that for your leverage. Start by reading and joining communities, listening podcasts and leaders of the scene who are building.

[tsaroz]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Go with some new generation coins rather than NFT. NFT were popular around last year this time and a lot of people made fortune with it but now they are not the talk of the town and there are not much use or profit making on any of those popular NFT. NFT based games have been a failure and NFT arts are not real art are now fake and plagiarized. The only place I see them is on established games but that won't carry a good monetary prospective.

[bittick]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

I would not recommend it. Lower price NFT was garbage NFT. NFT is not the same as token that can be pumped anytime. NFT has its price floor and it totally depends on the buyer's interest. The floor price may able be pumped but you can't expect your NFT can be sold instantly like when you were selling token in the exchange site. You will be so dumb if you were buying such low priced NFT. Low price NFT means its NFT has no demand in the market. that's why the price floor was also very low. think about that.

[fuguebtc]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

I guess you have heard about bitcoin, but you did not choose it but chose NFT because you want to make money fast, want to double your limited capital. There's nothing wrong with all of us wanting that, but I want to tell you that things are not so simple. If it is possible to get rich quickly, then all of us who came before you become rich and opportunities are no longer with you. Newbies should not invest, all newbies need is knowledge, when you have knowledge, you will know where to invest.

[GreatArkansas]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

You have no choice because of your budget. There are some NFTs that is cheap but you can't guarantee if they are scam or legit, and I believe it is not based on the price of NFT if they are legit or scam.
There are also some NFT that started with their floor price being high but later on, they dumped and became cheap, so it looks like some altcoins dumped.

[Silberman]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Do not do it, the market of NFTs is not what it was anymore, you will not make any money and instead you will lose your limited funds in the process, I can see you want to obtain huge profits in a short amount of time with your limited budget, but this is not the way to do it, in fact your goal is mistaken as even if a few people can get your desired outcome, most of them depended on their luck for this to happen and you cannot rely on something like luck to obtain profits since sooner or later you will stop being lucky and you will lose whatever money you earned this way.

[Wexnident]

No. Most low-priced NFTs are just hyped NFTs that died down or are ones that will never really go up because it isn't really marketed. I reckon there are some rare instances where they would increase in price but that would be difficult to find, you'd probably be better off investing in altcoins or something. If you really really want to buy NFTs, make sure your reason is that it's you yourself want it maybe for personal enjoyment, or anything else really as long as its not as an investment. I reckon I'd buy NFTs if I were to see some really good ones tbh.

[Minecache]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

NFT is like shitcoin, if lucky, it can bring you a huge profit, but if unlucky, you will lose your investment. I know why you invest in NFT because you want to increase your meager amount, but that is not the way for you to start investing or survive in this market. If you don't have too much money, work hard instead of daydreaming that you can make quick money investing in NFT.
Cryptocurrency is a get-rich-quick market but not easy and not everyone can do it, you need knowledge and a little luck to do it.

[Dr.Osh]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

I think 99% of people will advise you not to invest in NFTs if you are new to crypto. In fact, people who have been in the crypto world for a long time are also currently avoiding NFTs as a place to invest. Before starting an investment, first, understand what you are going to invest in. Especially if you have a small budget. Don't make the mistake of choosing the wrong investment when you start your career in the crypto world.

What I can suggest for now is to learn more about bitcoin and altcoins. After that, it might be better if you invest in a popular altcoin that still has a low price and fits the budget you have. it might be better than choosing NFT as an initial investment in the crypto world with a limited budget.

[piebeyb]

I don't see any promising NFTs, it even seems like the NFT market has started to dim since yesterday's bear market almost hit many projects bankrupt, but my advice is that you should just buy altcoins instead of buying NFTs, for fear you won't get any profit and only keep dust in your wallet

[monineklutak]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

I guess you have heard about bitcoin, but you did not choose it but chose NFT because you want to make money fast, want to double your limited capital. There's nothing wrong with all of us wanting that, but I want to tell you that things are not so simple. If it is possible to get rich quickly, then all of us who came before you become rich and opportunities are no longer with you. Newbies should not invest, all newbies need is knowledge, when you have knowledge, you will know where to invest.

Yes, I think beginners need to change their mindset that to make a profit requires a process,
indeed our goal here is to make a profit but we have to think about the right way so as not to lose,
knowledge is indeed very important and not only beginners but all of them need to keep learning.

[julerz12]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

If you're looking to flip NFTs chances are you're already too late in the party once you've heard of that specific NFT and you'd just end up holding it long-term just to make even.
Most of the NFT projects nowadays are designed to generate profit for the creator and early minters. So, if you want profits, probably the best thing to do is get in early and mint one rather than purchasing it on a secondary market like Opensea. Though that's just the tip of the iceberg for the things you have to be on the lookout when getting into NFTs.

You can check out this blog about it:
https://geekflare.com/nft-tracking-tools/
https://geekflare.com/nfts-challenges-and-risks/

[kizlod]

Well, I wouldn't recommend buying an NFT unless you've made some research. If you don't want to, just read at least a little bit about Bitcoin, and if you're interested, then buy it. This is the best starting point IMO.

[SquallLeonhart]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

NFTs are just well-planned scams. 90% of high valued NFTs got its price only through self-trading. It means the creator itself buys it for higher price and then re-sell for 50% discount. So, by creating a fake-hype, they are cashing out hence do not fall into them. For a beginner, I humbly like to suggest to invest only into bitcoin for the budget that you will never think about cashing out for next 10 to 20 years.

When you are planning up for long term like 20 years, you can slowly go for DCA with monthly $50 or even lower to that but in the end, you will find yourself millionaire without any doubts. Keep patiently with highly reliable asset like bitcoin will definitely change your life for sure.