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/biz/ - Business & Finance

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7550782 No.7550782 [Reply] [Original]

Yo /biz/,
/g/entoomen here.
I want to get into cryptotrading just for fun.
I already know how cryptocurrencys work but I just wanna get in this game too.
I'm just planning on starting with 20€.
Can anyone please give me some advice?
And how are you guys trading, tbqh I'd install the wallet of every cryptocurrency I'm trading with.

>> No.7550805

If you want to make serious money, you need to at least put $40k in

>> No.7550836
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7550836

>>7550805
>40K
>not putting 1million in

>> No.7550880

Its pretty fun and easy desu, my biggest advice for such low money is learn the values of like 20 coins, and just all in piggyback their ups and downs. You'll hit a 10% or 30% gain if your nimble enough and know your coins

>> No.7550885
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7550885

>starting with 20€
Not so fast poorfag! You have better chances in gambling roulette

>> No.7550901

>>7550885
Literally this

>> No.7550942
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7550942

>>7550885
Why should be 20€ to low, lol?
I don't wanna loose my money if it goes down, I'm not stupid.

>> No.7550944

>>7550805
>>7550885
>>7550901
he said it was for fun u mong

>> No.7551112

>>7550944
Roulette is still better, at least you get to stare like an autist at a ball spinning around
>>7550942
So what exactly is your end goal? 350€ EOY? With 20€ your only option is to go all in to sub 1k sat coins.

>> No.7551262

>>7551112
Yeah I guess, I mean sure it will be nice if I'd make a lot of money out of it.
But I know it won't happen.
If I get 40€ already out of it, I'd be lucky af

>> No.7551546
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7551546

>>7550782
I'm in a similar position to you OP. Except I'm starting with 1k. Think your best bet are the exchanges that deal in absolute shittiest of the shitcoins like Etherdelta or IDEX. Your goal is to find a coin that looks promising and then buy into it -before- it hits one of the more popular exchanges. The price will surge when it's added to an exchange with more repute.

HOW you select those coins is what I, myself haven't figured out yet. In the meantime, learn some TA (Technical analysis) so you can recognize good entry and exit points. Granted, you don't have far to fall with 20 euros. Just take a gamble and see what happens. Hopefully we'll get some better advice. I've still got a lot to learn too!

>> No.7551799

>>7551262
But you wont make 40 dollars, thats the thing, at least not in a month. I dont believe we will see a phenomenon like the ones in 2017. If you want to try 20 dollars youll make real profit in months, youl be lucky to make more than 50% back. Thats why, even for fun, its best to put more. Fuck even a poor fag can put 100 or a 1000 if he really want. 20 dollars would be lost in fees lol

>> No.7551931

>>7550782
Might as well download blockfolio or a similar app and just fake trade with no money involved, then put some money in once you learn the game. 20 is just nothing