If you are on a low budget like me, no need to worry! Here are a few tips that could possibly get you going on your journey to becoming a millionaire!
First step I would take is identify tokens under $2. I would recommend going for volatile tokens (the one's which go up and down in value frequently). These tokens allow for you to take quick profits, multiplying your capital.
Second step is to analyse the tokens you have identified by looking at the market and checking the pattern on the graph. You will see critical information such as the highest the coin value has reached over the past 24h hours as well as the lowest point. When you feel the price is low, you can make a purchase and then sell at a higher price.
What do I recommend? I strongly believe that $FUN As well as $XRP Are a good starting point. These are volatile, make a good profit and are easy gainers.
Start small, divide your eggs (don't put them all in one basket), and watch yourself slowly grow and become wealthy by the day. #MarketRebound (Disclaimer: DYOR. These are speculative ideas of the author and in no way intend to promise returns on your investments. You are responsiblefor any losses to your investments)
If you are new to #BINANCE, on a low budget and still need some reassurance, this is for you!
FIRSTLY, don't be afraid! The prices of coins, people posts about their earnings, all this could be somewhat discouraging, and you might find yourself as being a fish in a pool of sharks.
Often, newcomers like myself, who have very little investment, and look to make small, quick profits are branded as 'clowns'. But, there is nothing wrong with this strategy.
Infact, for newcomers this is THE ONLY strategy. The best thing for a low budget investor is to find a coin with a slightly low value ( so you can buy a large volume of that coin) and have a look at the graph to see patterns of the rise and decline of the value. Also look at the 24 low and 24 high. This will give you some idea of potential of the coin as to how high it has risen in value, and also how low it can possibly go. The you look at the current rate and know where you stand.
Buying when the price dips, and selling when the price is high will enable you to make quick profits, increase your budget and enable you to invest more than the last time. Look for volatile coins like $FUN This is a good starting point. To make things simple, buy at around 0.006, and hold to atleast 00.12.
Cash the profits, then repeat the process. Once you have multiplies your money, you can invest half back into $FUN and half into something a bit different like $XRP A good buying point for XRP would be around the 1.70 mark. Sell at around 2.2
Small little ventures like this will see you make small, but visible gains, help you understand the market better and enable you to continue multiplying your money.
I firmly bullish about the idea that NEWT can have another boost 🚀 .. With it being just the second day, I have hopes there will be another strong rally !
The early scalpers are done and out of the way. WHALES are still to weigh in. Don't be fooled by the drops. I'm bullish about the chances of it hitting $1 AND .. possibly go beyond 🔥 $BTC has climbed awesome 👌..
Whispers about $XRP hitting an all time high are in the air. PUMP and WAIT 🚀 #NEWTBinanceHODLer