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What can I buy with 35,000 yen in the cryptocurrency market?

avatarReid WaltonDec 17, 2021 · 3 years ago3 answers

I have 35,000 yen and I'm interested in investing in the cryptocurrency market. What are some options for what I can buy with this amount?

What can I buy with 35,000 yen in the cryptocurrency market?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    With 35,000 yen, you have several options in the cryptocurrency market. You can consider buying popular cryptocurrencies like Bitcoin, Ethereum, or Litecoin. These are widely accepted and have a strong track record. Alternatively, you can explore smaller, emerging cryptocurrencies that have the potential for higher returns but also come with higher risks. It's important to do thorough research and consider factors such as market trends, project fundamentals, and risk tolerance before making any investment decisions.
  • avatarDec 17, 2021 · 3 years ago
    Hey there! With 35,000 yen, you can definitely dip your toes into the cryptocurrency market. You can buy a fraction of a Bitcoin or Ethereum, which are the most well-known cryptocurrencies. If you're feeling adventurous, you can also explore some altcoins (alternative cryptocurrencies) that have the potential for higher gains. Just keep in mind that the cryptocurrency market can be volatile, so it's important to only invest what you can afford to lose. Do your own research and consider consulting with a financial advisor if needed.
  • avatarDec 17, 2021 · 3 years ago
    With 35,000 yen, you can explore various options in the cryptocurrency market. One option is to use a platform like BYDFi, which offers a wide range of cryptocurrencies for trading. They have a user-friendly interface and provide access to popular cryptocurrencies as well as some lesser-known ones. It's always a good idea to diversify your portfolio and consider the long-term potential of the cryptocurrencies you choose to invest in. Remember, the cryptocurrency market can be unpredictable, so it's important to stay informed and make informed decisions.