Quote from: Cherylstar86 on November 29, 2017, 03:03:14 AM

Quote from: groundcontrol67 on November 29, 2017, 02:56:33 AM

Quote from: daweller on November 29, 2017, 02:54:24 AM

Quote from: bustun101 on November 29, 2017, 02:49:02 AM

I scraped together the little money I have and dove into bitcoin. My ambition is to make money trading altcoins and keep a bitcoin reserve. Can I even make it anywhere starting with such a small amount of money?

Just find a Bitcoin ATM, buy $25 worth of Bitcoin, then hold ( hodl ) it for 5 years.

I would advise against this, sure it may turn in to something like $500 but that's your cap. If you are able to trade successfully you could turn it in to way more than $500. You can start that small for sure there's no reason you can't.

Maybe it could happen reaching that value, but I don't think smaller capital to start will gain at faster returns because you will have to wait for another uprising price. Small investments could not generate bigger profit within a short period of time you will encounter more struggles prior reaching your goals in order to control your decisions. Don't panic and if ever you have another excess money you should have an additional investments in order to make your capital increase also.

I don't agree, it's actually much easier to profit on small investments because you can not really influence the price at all and your orders will easily get swallowed up by any variance. If you trade BTC to alts you also get to profit from bitcoin increases anyway as long as you're always growing or maintaining your BTC amount.