Hello dear members,
I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.
I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future.
I prefer working with bitcoin.
What is your idea about this?
Firstly, stop doing faucets. They are NOT worth your time at all.
Secondly, I would seriously urge you to get a much higher amount to start off, if you're serious about crypto trading. This is because of the fact that most exchanges have a flat fee for withdrawals (usually around 0.0001-0.0005 BTC for BTC withdrawals), so any profits that you make could be instantly wiped out by such fees.
But if you want to continue, then I honestly think that trading on leverage on platforms such as Bitmex and Deribit is your only real chance at short term profits (the risk is high but so are the rewards, and you need to take that kind of risk to get any sizable return outside of withdrawal fees). Or if you are willing to hold an alt for the long term, literally just buy a bunch and forget about it.