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How To Invest Small Money (10k) In Cryptocurrency

Discussion in 'Bitcoin Investments | Discussions' started by Prezzy, May 5, 2017.

Moderators: Emma24, philipj, zedzed
  1. Prezzy

    Prezzy Leader Protector

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    Hi friends, I recognize the fact that some of us are still very young and financially weak presently because of different reasons. One of the major ones being that we are yet students.

    I myself, being one of the students, I know the financial capabilities of Nigerian students when it comes to investments and it's usually below 10,000 naira so I got a message querying me on how best to invest 10,000 and naira in Cryptocurrency so I wanna use this opportunity to address the issue for anyone who may have similar questions in mind

    Alright, so let's attempt that.

    Where do I Start Bitcoin Investments with 10,000 Naira?

    The answer is simple for me. Invest in Altcoins!
    Are you wondering what altcoins are?
    Please go here: What Are Altcoins? The Simplest Explanation For A Newbies

    There's one reason why Altcoin should be the place you will put your 10k and it's the fact that the value of Altcoins which is usually very low as they haven't seen much growth yet is the only one that allows you to acquire a good number of these cryptos at a very cheap rate.

    For example.
    • If you wanted to buy 1 Bitcoin, the price will be 600,000 naira and above.
    • But if you wanted to buy 1 Factom, the price will be less than 5,000
    • Or Ethereum, about 35,000

    And there are some other cryptos that cost less than 100 naira to purchase too but not Bitcoin!

    So, the best way to invest in cryptocurrency with small money is to buy these small altcoins.

    After Buying the Altcoins, what Happens?

    Nothing, you just keep them and wait for them to rise.
    Yeah, that's what they do. It's normal for the value of a Cryptocurrency to rise and fall and that's why you should buy when Altcoins are beginning to rise.

    What do I mean by "beginning to rise?"

    It simply means that. When their value is low, you buy and when it's high you can sell it off to make profit!

    Check this for more: Cryptos Are Bleeding! Good Time To Buy

    How do I get started investing my 10,000 naira into Altcoins/Cryptocurrency Business?
    First of all, you need education To understand Altcoins Investment and that education is one we have taken time to explain here.

    However, if you are new to Cryptocurrency at large, you need to start by learning about Bitcoins here.

    Then after that, you click the link below to learn how to Invest in Altcoins Cryptocurrency too here.

    So guys, that's just how to start investing even with very small. Money in altcoins!

    Hope you have learned something that will help you and if you need any help, just let me know and I'll assist in whatever way I can!
     
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  3. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

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    Dorlipi and Prezzy like this.
  4. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

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    @Prezzy how many days a cryptocurrency can take to rise?
     
    Last edited: May 5, 2017
    Prezzy likes this.
  5. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

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    Bro cant find share botton here
     
    Prezzy likes this.
  6. Prezzy

    Prezzy Leader Protector

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    You mean Facebook share?
     
  7. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

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    Yea
     
    Prezzy likes this.
  8. Prezzy

    Prezzy Leader Protector

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    Check again bro
     
    gbolahan likes this.
  9. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

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    Got it bro
     
    Prezzy likes this.
  10. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

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    Pls dat
     
    Prezzy likes this.
  11. Prezzy

    Prezzy Leader Protector

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    that question is not valid.
    just like asking when will 1 naira be = 1 dollar

    noone can say but it all depends on the users of the coin and the spirit of those that created it.
    i already spoke about that in part here: Best Tips To Promote Your New Cryptocurrency To The World

    hope that answers it for you bro?
     
    hugoboss likes this.
  12. donsilas

    donsilas Well Known Mod

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    @ Prezzy please I have 2 questions (1) how much can I invest in Monero mining to earn monero that worth $1 daily (2) where can I create monero wallet
     
    Prezzy likes this.
  13. Prezzy

    Prezzy Leader Protector

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    gbolahan likes this.
  14. donsilas

    donsilas Well Known Mod

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    thanks
     
    Prezzy likes this.
  15. donsilas

    donsilas Well Known Mod

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    Thanks pls where can I create litecoin and dash wallet
     
    Prezzy likes this.
  16. Prezzy

    Prezzy Leader Protector

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  17. Interesting!
     
  18. donsilas

    donsilas Well Known Mod

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  19. Chime

    Chime Well Known Bot!

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    Thanks, bro.
    You have us in your mind.
    Thanks, again.
     
  20. luckyjojo

    luckyjojo Active

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    THANKS, BRO
    NICE INFO
     
  21. prinxesb

    prinxesb Upcoming

    I signed up on blockchain.got some figures my address and stuff.@prezzy I am still lost. is altcoin different from bitcoin?
     
    Prezzy likes this.
  22. Prezzy

    Prezzy Leader Protector

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    Yes they are.

    Altcoins are like bitcoins but different. To learn more, please click here => What Are Altcoins? The Simplest Explanation For A Newbies
     
  23. prinxesb

    prinxesb Upcoming

    Prezzy likes this.
  24. Prezzy

    Prezzy Leader Protector

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    Actually you use a different type of online wallet.

    You buy and you store online. Click here to learn more =>
    Best 4 Exchange Sites For Bitcoin|altcoins Trading In Nigeria

    Am glad you are following up bro.
    Keep it up
     
  25. prinxesb

    prinxesb Upcoming

    OK thanks bro....so I need different wallet for every cryptocurrency right?.
     
    Prezzy likes this.
  26. prinxesb

    prinxesb Upcoming

  27. Prezzy

    Prezzy Leader Protector

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    lols, please click the link i gave you and you will nderstand better
     
  28. prinxesb

    prinxesb Upcoming

    no pls don't laugh..lol I did click the link.we have diff crypto currency altcoin is one of it bitcoin is one of it right? I used blockchain to open a bitcoin wallet. now I'll need to get another wallet for altcoin..and subsequent crypto as they come? again pls don't laugh I am ur student lol
     
    mubi1994 and Prezzy like this.
  29. Prezzy

    Prezzy Leader Protector

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    Investors with smaller amounts, please look here.
     
  30. Kay4real

    Kay4real Jackobian

    Yes, I have. Thank you.
     
    Prezzy likes this.
  31. Prezzy

    Prezzy Leader Protector

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    Cool!
     
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