so im a total newfag to the crypto world and i randomly bought ETN after a few minutes of research when it was down 14%, now im at pic related, did i did gud?
NEW FAG NEW MOON
Trading with BTC is bad, fees are too high.
Trade with ETH, and since you have a restricted amount of fiat buy a low cent coin like TRX. It's easier to get fat gains because of how cheap it is, then use those gains to diversify into PnDs and make more.
>no litecoin
even if u make 10000% gains on ur investment ur still gonna be poor... lul
should i use coinbase to buy ETH to trade with? or what app / website should i use, also, what is a PnD?
well im currently working, and ive gotten 36k saved in the bank, but im just testing the waters before i attempt to make any real gains
Dude no offence but you shouldn’t be giving advice if you have no idea wtf you’re talking about. Price of the coin doesn’t matter. X percent gain of a 1 cent coin is the same as X percent gain of a thousand dollar coin. Also research what market cap is, That’s all that matters, price doesn’t mean shit.
he was saying that i should buy low cent coins because i was working with restricted fiat. hence the $100 investment vs $1000 or something, if u mean he doesnt know shit about which coin to trade with, ie ETH, or BTC, can u explain? im a noob still
No what I’m saying is low cent doesn’t mean shit. Ripple is a low cent coIn but it has a market cap of 30 billion. That means for it to go up 100% or 2x, another 30 billion dollars needs to go into it. If you want high potential, look into low market cap coins, the price per coin is irrelevant. A coin with a market cap of 20 million only needs 20 million to go 100% as opposed to the 30 billion that ripple needs. Now that low market cap coin can be 1000$ per coin or 1 cent per coin, that doesn’t matter, it’s the market cap that matters. Wether you buy 10000 coins for 1 cent each which would be 100$ total you’re spending or you buy 0.1 coins of a 1000$ coi, also 100$ you’re spending, and they both go 100% gain you still make the same regardless if one is 1 cent and one is 1000 dollars. It’s percentages. Again you should research and understand what marketcap is.
This