QUOTE(Secruoser @ Jul 4 2017, 10:11 AM)
How much minimum initial capital investment would you suggest? An amount that I can easily transfer between wallets and exchanges, with the mining fee put into consideration? USD100? USD50? USD10?
Sorry, I don't quite get the question.You mean, how much minimum initial capital investment do I suggest to put in cryptocurrencies, in general?
Nobody can answer that question on your behalf, but yourself.
But the standard answer is: only as much as you can afford (and are prepared) to lose completely.
Meaning, if you bought something and the price drops 90% tomorrow, you can still sleep at night without having a panic attack.
Start by asking yourself, if I put in RM5k, and it drops 90% tomorrow, will I go crazy? Yes? Then OK, cut it to RM4k, then ask yourself again. Still yes? OK, then cut it to RM3k, and so on and so forth......until you get to a number that you say no.
That's your number.
Life is short, don't compromise your quality of life over some investment numbers.
When transferring between exchanges and wallets, the amount is practically irrelevant, it's just as easy to transfer RM100 or RM1 billion.
Depending on transaction congestion, you might need to pay a couple of ringgit in transaction fees, but that's pretty much it.
No such thing as "mining fee".
I recommend reading the first page for more detailed information.
Jul 4 2017, 10:21 AM

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