Thread: How much capital do I need to start operating cryptocurrencies safely?

I have been considering starting with cryptocurrencies, but I'm not sure how much capital I need to do it safely.I don't want to risk too much, but I don't want to start with such a small amount that I don't see results.What is a good initial amount to start?

With cryptocurrencies, the word "safe" is relative.If you want to see results, put something that hurts to lose, but that does not ruin you.What makes you pay really attention.

The amount depends on your level of comfort with the risk.If you are starting, you could consider starting with a small amount that you are willing to lose, since cryptocurrencies are very volatile.Some people start with $ 100 or less, just to familiarize themselves with the process.If you decide to invest more, make sure you have a solid risk management strategy.

It is also important to have a clear plan from the beginning.It doesn't matter if you start with $ 100 or $ 1,000;The important thing is how much you are willing to lose in each operation.It is of no use to have a lot of capital if you do not control your risks.

In my opinion, the important thing is not so much how much capital you have, but how you handle that capital.You can start with $ 500 or $ 5,000, but the key is that you only risk a small percentage of your account in each operation, such as 1% or 2%.Thus, if things go wrong, you will not lose your entire capital quickly.

The old trick of 1% or 2% per operation ... is fine, but in crypts, when prices jump 20% in one day, better that your strategy has room for the madness of the market.

I started with $ 250 in a real account, and although the results were not spectacular at first, it was enough to learn without risking too much.In addition, many platforms allow cryptocurrency fractions to operate, so you don't need to buy a complete bitcoin to start.

$ 250 is a good start to learn, but don't get illusions to win a lot at the beginning.The important thing is to learn how the market moves without risking more than necessary.

If you don't have much experience, it's better to start a small account.It's not just about how much you can win, but how much you can lose.There are always risks, and in cryptocurrencies these risks are greater.An amount of $ 500 to $ 1,000 is reasonable if you want to try the market without assuming too many risks.

But do not emotions with the $ 1,000, because if you do not have a plan, that disappears faster than you can say "cryptovolatility."Start small, always.