How to Invest on Cryptocurrency With 100 USD?
If Bitcoin still sticking in your head and you still have no idea where to start and doubting what the hell cryptocurrencies is let's make a discussion about all this dude together.
Will you join me to read all about my idea on 100 USD roadmap because this will help you to understand the basic concept about the investing strategies from a little investment budget as well who don't like to be a technical person but still want to involved on the crypto-space will be benefit.
With 100 USD this is not much if we think about the investment, but it's might worth for a students or those who does not have a stable income that could guarantee to have enough meal.
That's why I come up today and sharing my idea and hopefully it's could help everyone about your crypto journey.
I am categorize this to two category one is for completely new and another one is the secure investment that's could potentially return.
1) Newbie Investing
Learn Learn Learn! My friend it's risky so at least you knowing what you dealing with. Cryptocurrency is anonymous transaction by nature and government is not really happy with an un-manageable and in the same time scam are out there to welcome new people and enjoy the tricky magic.
So with the very first step I strongly encourage you to read some books and few article about the bitcoins and other alternative cryptocurrencies. Buy the smallest amount that you effort to lost and learn how to transfer to different wallet and exchange.
Personal security awareness is very importance I don't like to hear that some coins has been stole so you need to setup the proper wallet and other security layer like before making the transaction you need the 2factors authentication.
Google Authentication Application is a very good example make sure you don't miss it.
Do it repeatedly until you familiar with it, Yes it's costly some amount of your dollars but it's part of your investment and it's is a great investment for the first step.
So you now know where to start and let's jump to another step.
2) Invest In a Good Project
What is good project I really mean? for my personal perspective the good project is the project that's solve the people problems. This is not going to be easy because even the real and other suppose to be good project could be fail as well. So put on those are suppose to be great and sustainable.
100 USD after many transactions on your learning process it's should be remains little right, what if we do it 100 monthly constantly added for 10 months you could end up with 1000 USD. From the first you invest if you put on the growth project it's could start generating some passive income isn't it.
It's mean if you do it's constantly you will have more than 1000 USD. at this moment invest in different project like 100 each so you will have 10 project or 10 currencies. Per my experience if 5 of them are good performance even others 5 are death it's no problem.
I should cover the top interesting currencies in another topic so that I don't mess up my content. So don't worry the next coming I will cover some favorite currency that's I expect to grow the price at the end of 2018.
That's all for today hope you enjoy the weekend and I would like to proclaim that cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I am not investment advisers please do more research in whatever you putting your money.