Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Tokens/Coins Offerings (ICO, IEO, etc.) => Topic started by: uzair on August 29, 2018, 10:25:14 AM
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I am completely new to cryptocurrencies. But I think that it is likely that one will sky-rocket in the next years. So, I'm thinking of investing in about 20 different cryptocurrencies, with say 10$ in each, and just wait for months or years. In the worst case, I loose 200$. If a single one increases by 100, I make a benefit of (at least) 800$.
Question 1: is this reasoning valid or am I missing something? Is it possible to buy currencies with only 10$?
Question 2: As I understand, I first have to buy bitcoins, then trade them for other crypto-currencies. Is there a single platform where I can trade anything or do I need to trade on multiple platforms in order to cover the range of altcoins I want (like VRM, XRB, GAME, GNT, etc.)?
Question 3: does it make sense to store them in a paper wallet (I mean, given that I plan on buying about 20 different cryptocurrencies).
Thank you