I do get your point and I think you're right but there are just things that are not worth it. How can you invest that amount in the cryptocurrency market and think you will earn anything reasonable even if you hold it for ten years.Sometimes when investing our money in a business. We are not expected to start earning profits immediately. It is a long time process for us to start earning profits from the business.
Someone that starts a company today will not start to make profits tomorrow. It will take some time for that to manifest. Same goes with bitcoin and other cryptocurrencies.
But for a daily profit then we will now be talking about day trading.
Investing such small amount of money will not be visible no matter how you look at it. If you really want to make investment that you can earn reasonable amount daily it is better to have some capital or have some saving by working to get some money or else you will remain going round a circle..I do get your point and I think you're right but there are just things that are not worth it. How can you invest that amount in the cryptocurrency market and think you will earn anything reasonable even if you hold it for ten years.
Do you realize that before $5 will turn to $50 in the cryptocurrency market you will have to wait so the market for the coin will increase by a thousand percent? If you want to make a long term investment, then make sure the amount you're expecting from it is worth it.
Investing in cryptocurrency, there is no amount that is too small. But if it is an investment that we want daily or weekly returns, then investment is not we want and $5 is too small to start a trade because what we will earn from it will be too small that we will get greedy and lose the money.I do get your point and I think you're right but there are just things that are not worth it. How can you invest that amount in the cryptocurrency market and think you will earn anything reasonable even if you hold it for ten years.
Do you realize that before $5 will turn to $50 in the cryptocurrency market you will have to wait so the market for the coin will increase by a thousand percent? If you want to make a long term investment, then make sure the amount you're expecting from it is worth it.
That's just my point exactly. The amount is too small for any kind of investment with cryptocurrency investment market included. I rather advice someone to use that amount to learn how to do different things in the cryptocurrency market like spot trading, withdrawing money, learning about coin pairs and the rest of it.Investing such small amount of money will not be visible no matter how you look at it. If you really want to make investment that you can earn reasonable amount daily it is better to have some capital or have some saving by working to get some money or else you will remain going round a circle..
Yes, there's no amount to invest in the cryptocurrency market depending on you purpose of making the investment. But generally the amount is too small and the poster can even earn more than that by working here on beermoney forum.Investing in cryptocurrency, there is no amount that is too small. But if it is an investment that we want daily or weekly returns, then investment is not we want and $5 is too small to start a trade because what we will earn from it will be too small that we will get greedy and lose the money.
But as you have said $5 can turn to $50 or even $500 if we an be patient.
Sometimes when we talk about investment. We are not talking about making profit in days or weeks to come but a long term one. When we buy shares from some companies, we are not expecting to earn profits soon but to wait for many years when the money would have multiplied. So when we hodl a coin, we want the profit in years to come nit instant. It is not that we rely on it for our daily billsYes, there's no amount to invest in the cryptocurrency market depending on you purpose of making the investment. But generally the amount is too small and the poster can even earn more than that by working here on beermoney forum.
For $5 to be $500 then you will have to wait for the coin to increase by 10,000%, and trust me when I tell you that, that's a very long period of time and you're not even sure if the coin won't fade sooner than you think.
Investment could not be necessarily be long term alone. There are short term and long term investment. It all depends on the one that suits your taste. One can go for thirty days investment plan or five years investment plan as he chooses. But hodl is always for a longer period except there is a rapid increase in the price of the coin, you can decide to sell..Sometimes when we talk about investment. We are not talking about making profit in days or weeks to come but a long term one. When we buy shares from some companies, we are not expecting to earn profits soon but to wait for many years when the money would have multiplied. So when we hodl a coin, we want the profit in years to come nit instant. It is not that we rely on it for our daily bills
I know all that but you're still not getting my point here. My point is that whether or not it's a long term investment, that money probably won't yield anything in future. Investing that amount in cryptocurrency will demand that you choose a very trusted coin like Bitcoin and taking Bitcoin as an example of coin you wish to invest in.Sometimes when we talk about investment. We are not talking about making profit in days or weeks to come but a long term one. When we buy shares from some companies, we are not expecting to earn profits soon but to wait for many years when the money would have multiplied. So when we hodl a coin, we want the profit in years to come nit instant. It is not that we rely on it for our daily bills
Are you talking about trading crypto?I dont think that is very possible with this amount,I think I will advice him to invest this amount of money with forex market its through forex that much can be made if you have the experience to do proper analysis you can invest this amount of money with micro account and leverage high,You must understand that $5 is not a big amount of money and therefore you cannot have reasonable return of investment within a short period of time. my advice is that you should look for a cryptocurrency that has a lot of potentials and low market cap to invest on now that the price of the market is very low. You can leave it for sometime and there is possibility that you do would increase over time.
You can use $5 to buy BSC cryptocurrencies on pancakeswap. But most of the cryptocurrencies are very risky and you need a lot of patience for you to make money with them. buying a low market cap coin with a lot of potentials now with such amount of money can give you a lot of profit when the bull market returns.Are you talking about trading crypto?I dont think that is very possible with this amount,I think I will advice him to invest this amount of money with forex market its through forex that much can be made if you have the experience to do proper analysis you can invest this amount of money with micro account and leverage high,
Its going to aid you trade with better margine but first test your trading capability in the demo account before you proceed
you are absolutely right Because the price of cryptocurrency is increasing day by day,The more money you invest in cryptocurrency, the more profit you can make .Since everyone in cryptocurrencies have seen the potential of dogecoin, why don't you try too.Even 5$ is enough and you can buy and forget it until when the price comes to your favourite place to sell.I think that is a very low risk investment and you can't lose your money by being patient.
Since all reply you received is cryptocurrencies, I think that is the one thing you should consider. But be careful with the choice of crypto because not all are gaining profit. Same like forex tradingHey guys ,
I wanna ask you if I can start investing with $5 , I know its a little amount but I haven't got any job and I want to start my little journey from your ideas
Thanks in advance
Because of how the market fluctuate I will suggest that sometime you need to have a second look of the price action of each coins before you place your order.You can use $5 to buy BSC cryptocurrencies on pancakeswap. But most of the cryptocurrencies are very risky and you need a lot of patience for you to make money with them. buying a low market cap coin with a lot of potentials now with such amount of money can give you a lot of profit when the bull market returns.
Well, you are right but the truth is that there are some coins that you can buy with $5 and make a lot of profit in the long run. it is all about finding a very good project with extremely low market cap. Imagine someone who bought $5 of Shiba Inu around December 2020, by now the person would have made thousands and even millions of Dollars. It is all about locating the right cryptocurrency at the right time.Because of how the market fluctuate I will suggest that sometime you need to have a second look of the price action of each coins before you place your order.
But for investment of that amount I think crypto is still the best business to invest with,but even if you buy a low market cap coins and expect to make money when its go bullished I think that amount of money will never be enough to make you alot of money.
No body has an eagle eye so its going to be very stressful knowing the right crypto to buy,but if you have someone that has already been in the business you can contact such fellow to put you through,Well, you are right but the truth is that there are some coins that you can buy with $5 and make a lot of profit in the long run. it is all about finding a very good project with extremely low market cap. Imagine someone who bought $5 of Shiba Inu around December 2020, by now the person would have made thousands and even millions of Dollars. It is all about locating the right cryptocurrency at the right time.
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