OLD VS NEW: Newbie entering the market with $50

Looks like half the folks here are making money in trading, while the other half are managing just fine in their own way. So, based on all the knowledge you've got in the market, what would you tell a newbie starting out with just $50? Should they go for established coins like BTC, ETH, SOL, BNB and the like? Or would you suggest they do their own research and check out new coins like $CARDS, TRUMP, USELESS, and other meme coins that might be worth it? The latter worked for me when I began, but I'm curious to hear your thoughts for the newcomers.

Well obviously first thing is to have some bitcoin. So I suggest you first convert into bitcoin. Then when/if you pick anything else, look for market-pairs where bitcoin is one side of the pair. That way you can place buy offers hoping/waiting for a dip in price-in-bitcoins. Meanwhile, while waiting for a dip in your alts that will "dump" some onto your buy offers that are in bitcoins, you stand to benefit from bitcoin's overall long-term upwards trend. Partly because of course one does not want to actually "run out" of bitcoins, but for oodles of other good reasons I have posted interminably about elsewhere in these forums, it is good when placing your "buy an alt using bitcoins" buy-offers to do so as a descending column of offers, going so darn low in price that you are very confident no dip/dump will go that far, thus that you will either be left with some bitcoin or will have a wonderful surprise of amazingly low price on your alts that do manage to dump far lower than you expected them to. That way you get the benefit first of having bitcoin, then while still having bitcoin you also stand to benefit from nice "dumps" in price of your chosen alts. -MarkM-

Hey

Coming to the system without experience, my advice will be for the person to go slow while learning, which is to invest in Bitcoin first, for which the profit margin will be slow, but it's worth it, and the risk is at the minimum level, or they can also add Altcoins like BNB and ETH. Those are the two I can also recommend, but you see, memecoin is pure gambling; your chance of losing your money invested in it is more than the chance you will get of hitting MrBeast's jackpot.

That is correct. A newbie don't need to hurry while he trade crypto, profits don't always come, the market is like a two edge sword, you lose and you make profits. Although with a good knowledge from the market you can probably make profits on your trading but the truth is that profits don't always come. It's like when you gamble, most of the time you lose the bet and ade of the time you win. My own advise I can give is that trading in memecoins are very risky and a newbie can not afford the risk to trade on memecoins/token.

Depending on what you are looking for and how much expectations you have from the market, let say that you are able to build a good portfolio with those coins that have strong interest and high volatilities, Bitcoin could be your best short but most believe that altcoins gives a lot of profits and that Bitcoin is already too expensive for low started considering their amount you are coming in with $50.

Half of us are profitable? Where are you even getting that idea from? I don't see how any of those tokens you mentioned would have any potential, and i am not sure what kind of potential you are looking for your trading tactics. Because that sounds like you are interested on holding to me. And to any of the coins you mentioned holding wouldn't either make much gains or had potential to lose it all. And that's why i am guessing DYOR wouldn't help for newcomers. You might as well use dice and buy anything.

He made it up. Studies show that less than 10% traders make money, it is probably much worse in crypto. That's why people like to ignore certain pairs, like if you bought ETH with Bitcoin you focus on the USD price of Ethereum even if you have lost a lot of money since you sold Bitcoin.  Deep denial. Old coins have better potential if he wants to hold. With newer chains and tokens he is making a big gamble that the one that he buys is going to become the relevant one.

Well obviously $50 isn’t going to buy you much Bitcoin but it’s the most guaranteed, assured coin you can buy. If you’re only just starting in crypto then I suggest that’s where you start. I don’t know what your circumstances are but I would recommend a regular DCA into Bitcoin, maybe Ethereum & Solana too. There is room fir some more speculative plays but you have to be prepared to lose all your money in for example meme coins.

I totally agree with you since if they go with Bitcoin for sure they won't experience those fast rug pull schemes compared if they go on those new altcoins in the market. They provably lots of things and they can apply what they learn from buying bitcoin to other alts especially when they are ready to deal with other more risky alts in the market. Since if it happens that they go directly with new alts for sure that there's good chances that they experience lots of defeats since we know there's lots of scams there. So instead of earning from they think potential alts for sure that they get disappointed on bad results they get. So its really better for people especially for new to choose directly Bitcoin since this is the best coin to buy.

If you're a newbie with no knowledge of this industry, it's a good idea to just buy and hold Bitcoin, or place it in a stake while you study Bitcoin and cryptocurrency. You can't just jump into trading with zero knowledge. It's like boxing: you have no training or experience and you immediately step into the boxing ring. Who do you think will get beaten up? The boxer who's well-trained and experienced, or the one with no experience who's entering the boxing ring for the first time?

Don't? Do not start with 50 dollars. Put that into USDT of course so that you are in, and if you want, just get bitcoin with all of it. But that's it, don't make moves, don't get altcoins, not that price, not that capital. What I suggest you is to go back where you made that fifty bucks, and get some more. Or you just work, and your salary should cover it. I am sorry if you are too young right now, or if you can't work right now, but 50 bucks will not become anything. You will not make 50 bucks become 500 bucks, that's 10x and newbies don't make that, and certainly not anything even remotely higher. So you should definitely calm down, and look for higher and bigger capital that could actually do something and can get you a great return.

How can you even think that any of these new coins have any potential? One of them is even named "USELESS"! Really, I know the allure of that 1000x gain is exciting, especially if you only have $50 to spend.  But you are going to put your money into something that is essentially a lottery ticket with awful odds.  The "potential" behind any of these new coins is entirely speculative, based on a combination of marketing, a few tweets from an influencer with a big following, and the hope you get out first when it inevitably gets dumped on everyone.  You are not "starting a career" this way. You will lose your money, and you will be frustrated.

How sure are you that half of the traders here are profitable, and others are also doing well? You don’t have to believe what people say on social media, some people might not really be making money, and you will see them everywhere claiming they are professional traders, and they really making money from trading, but they are just always online deceiving people claiming they are really making money from trading. If you are a beginner and you want to trade with $50, then I will just recommend you trade bitcoin, that’s the coin that you kind of going to have peace of mind when trading. You can decide to go for some old altcoins, but don’t even go close to all this new coins entering the market, because you might end up losing your money.

If the newbie is willing to accept slow progress and his not in a hurry for profits, then he should acquire Bitcoin only, there is no need of splitting it into $25 each because that's pretty little amount of money to investment in crypto. I'll advise he consider to invest in Bitcoin and be patient to watch the value increases over time if he really out for business but not to touch his investment whenever, that'll distract his investment and suddenly leads him to doom.

With these choices, they're more of an investor and not a trader. They have to DYOR regardless of the choices but if these are the like coins that they'll trade with. It's more with the memecoins and the volatility is too high there. They need to have that money as an amount they can afford to lose. Movement of the market from these meme coins are so quick and heavy. It's better to go on a market and coin that's more stable than of these. So, if I say that the first choice are with being an investor, they can also trade through there because they're more stable and not that much risk if they intend to day trade.

Half? I don't know if we can actually measure that but I think majority of those who trade altcoins cannot make profit consistently. If you are "buying" certain coins then you are not trading, you are investing and for long term investment only use bitcoin and forget everything else. For trading, things are different. You need to learn how the altcoin market works. That is not something that can be explained in a short comment, but lets just say altcoin market is generally a pump-and-dump market where you have to learn how to ride the pump waves and learn how to get out before they dump on you if you want to make profit. Well one of the shittokens you listed here is literally called "useless"! Do you really think a "useless" garbage has "potential"? That would be a paradox

Are you trading or are you investing? From your sentences it seems you're more aligned to investing than trading. With trading you don't really care about the coin as long as it has huge trading volume and good price action you can easily open a trading position regardless. Although certainly it's always better to trade with BTC, ETH, SOL or any other popular pair. If you want massive volatility maybe go with the memes but it's hit and run kind of thing. You profit and then you cash out, meme always have bad long term outlook after all. For a newbie though, I'd choose BTC. It's the least manipulated in term of chart or even in crypto market and good for learning.

Well $50 is not alof of capital if a newbie does want to invest in crypto. I will say it is better for a newbie to invest that than for him not to invest anything at all. I think it will be best for him if he only has $50 to buy only Bitcoin and Ethereum. Those are 2 coins we know will make big gains if you just hodl them. Some of the other alt coins are more of a risky gamble. I think he should not invest the $50 in meme coins only Doge if he wants to invest in those.

Actually $50 is a very small amount, you need more money to trade. However, as a beginner you should start trading with Bitcoin, it is wise not to trade with other altcoins as a beginner. And you mentioned some memecoins which are very risky, stay away from memecoins. I myself lost a lot of money in TRUMP coin, which is never possible to recover. However, I would personally advise you to invest in Bitcoin using DCA method instead of trading.