Investing a small amount in cryptocurrency with the hope of earning $15-20 each day is a feasible but challenging goal. To achieve this goal, you need to have a clear understanding of how the market operates, daily price increase rates, and the associated risks. Below is a summary of the factors to consider and advice for you.
1. Required investment capital
With a profit goal of $15-20 per day, you need to invest a certain amount, depending on the daily growth rate of the coin you choose.
If a coin has an average price increase of about 2% per day, you will need a larger capital than coins with a growth rate of 5-10% per day.
However, fast-growing coins often come with higher risks.
2. Risk when prices decrease
Cryptocurrency is a highly volatile market where prices can drop significantly in just one day.
If you invest, be prepared for your portfolio value to decrease by 10-20% or even more in a short period.
3. Advice for investors
To optimize profits and minimize risks, consider the following options:
Choose coins with potential and good liquidity
Major coins like Bitcoin (BTC) and Ethereum (ETH) have more stable volatility, suitable for a long-term strategy.
Smaller altcoins (ADA, VET, SHIB) have the potential for rapid growth but also come with higher risks. You should allocate a portion of your capital to these coins if you are willing to accept the risk.
Reasonable capital allocation
If you have little capital, you should spread your investment across multiple coins to minimize the risk of one coin losing value.
Avoid investing all your capital in one coin just because of rumors or overly high expectations.
Monitor the market closely
Cryptocurrency requires you to stay updated with information and trends regularly. Timely decisions can help you preserve capital or take profits at the right time.
Be patient with a long-term strategy
Instead of expecting daily profits, focus on holding coins with long-term potential. This helps you avoid short-term fluctuations and take advantage of the major price increase cycles of the market.
Only invest money you are willing to lose
With a small capital, treat this as a trial investment. Do not borrow or invest money you cannot afford to lose.
The most reasonable option
If you want to both ensure risk and have the opportunity for profit:
Choose larger and more stable coins like BTC, ETH, combined with some small potential altcoins like ADA, VET.
Set long-term goals instead of seeking daily profits.
Start with a capital that matches your financial ability and gradually increase it as you gain experience.
In this way, you can both preserve capital and have the opportunity to take advantage of the growth of the cryptocurrency market in the future.
