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Topic: Getting into bitcoin with only $25 (Read 1088 times)

newbie
Activity: 189
Merit: 0
December 04, 2017, 06:39:47 PM
#62
Getting into bitcoin with only $ 25
bitcoin will be even stronger until the end of the year, surely early in 2018 bitcoin will cost $ 20000
newbie
Activity: 5
Merit: 0
December 04, 2017, 06:35:05 PM
#61
try to count your profit if it reduce by fee.
but it will be your experience and you will try in high amount someday
sr. member
Activity: 1498
Merit: 374
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December 04, 2017, 06:31:55 PM
#60
If that's last of the money you have left, then I suggest that you don't go with bitcoin. You might need your fiat more than you need the bitcoins. If your goal is to use that $25 to daytrade altcoins as a beginner, then you're going to have a very bad time. Trust me. You're better of holding them than daytrading.
If you wikm going to used 25 dollars for you to have an experience in the world of trading it is quite a hood thibg yo consider becasue uou could have the time yo analyze your profut abd eaning at the end. But you need yo also consider to have or to gain more profit you will definitely need to have more time to invest and a bigger capital.
full member
Activity: 182
Merit: 100
December 04, 2017, 06:26:47 PM
#59
$25 is not problem and its better and recommended for beginner.
If you want to start, you can search your local exchanger in localbitcoin.com because more easy to start there.
legendary
Activity: 1582
Merit: 1059
December 04, 2017, 06:20:52 PM
#58
I scraped together the little money I have and dove into bitcoin. My ambition is to make money trading altcoins and keep a bitcoin reserve. Can I even make it anywhere starting with such a small amount of money?

That's a really low amount, it might work, but I'm concerned about the fees you might pay to get those bitcoins into your address. You probably should just leave it in an exchange, although that is never recommended. Of course that even buying bitcoin in an exchange, like coinbase has quite decent fees associated with it. Don't know how are the rates at localbitcoins, or other exchanges though. I think you should really carefully analyze the fees associated with all exchanges that accept dollars, and see if it is worth it, or if you should try to gather more money and then buy.
I also heard that coinbase will be finally be accepting segwit, so we might see a reduction in the transaction fees to get the coins to your address after you buy them.
hero member
Activity: 3080
Merit: 603
December 04, 2017, 06:03:18 PM
#57
I scraped together the little money I have and dove into bitcoin. My ambition is to make money trading altcoins and keep a bitcoin reserve. Can I even make it anywhere starting with such a small amount of money?
With that amount you can't make that much of what you are planning to do. That $25 fits with altcoins though but it's better for you to buy bitcoins now and wait for few weeks before seeing the profit. And once you had gained enough then you can start your own trades now with altcoins. There are various of altcoins to choose so you had to start first with those and take time to know what you really want.
member
Activity: 73
Merit: 10
December 04, 2017, 05:55:57 PM
#56
With 25$ you're not going far, ahah! Especially if you want to scalp... But, well, it can be a good way to learn how to perform afterwards...
member
Activity: 182
Merit: 10
December 04, 2017, 05:54:01 PM
#55
Buy $25 worth of btc and then trade on altcoins. In that way you can earn little amount daily just make sure you invest on the right one.
legendary
Activity: 2702
Merit: 3045
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December 04, 2017, 05:50:08 PM
#54
I don't want to discourage you but 25$ is not enough to start trading and don't expect to get a huge income by investing this small amount while people are investing thousands of dollars, you have no chance.
Besides, 25$ will not be even enough to cover transaction fees.
But you can give it a try (you never know) even if you do not get any profit you will learn from your mistakes and you will have a good experience that will help you in the future.
sr. member
Activity: 644
Merit: 259
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December 04, 2017, 05:11:40 PM
#53
I scraped together the little money I have and dove into bitcoin. My ambition is to make money trading altcoins and keep a bitcoin reserve. Can I even make it anywhere starting with such a small amount of money?

Just find a Bitcoin ATM, buy $25 worth of Bitcoin, then hold ( hodl ) it for 5 years.
Some people thin that it's a joke but they will be surprised how much worth $25 of bitcoin will be worth in five years time. The value will without doubt surprise a lot of people. I think those who invest into bitcoins should just invest the money and then forget about for some years and then they will see their huge gains.
member
Activity: 78
Merit: 11
December 04, 2017, 04:55:13 PM
#52
Buy some bitcoin and or altcoins with that money and hold it for at least one year, the longer the better Cheesy
Some coins gives you more than 5000% gain annually and you can do your own math and research Grin
legendary
Activity: 1946
Merit: 1007
December 04, 2017, 04:49:09 PM
#51
I would try to scrape such an amount every month and slowly build your stash.

You won't be making big money when trading with 25 usd, but % wise you can still make good gains (which is ultimately the only measure of trading success!).
newbie
Activity: 5
Merit: 0
December 04, 2017, 04:48:40 PM
#50
You should not think about it in terms of amount invested. As someone new to investing, you should only consider two things:

  • Potential ROI
  • Transaction Fees

Potential ROI is return on investment. Whether you put in $25 or 25,000, ROI is important. However, when you're investing smaller amounts, you can take more risk. Look for a token that has the potential for 100-1000% returns. Bitcoin is "safer," but the return on 25 if it goes up 10% over the next couple months is $2.50. Not much as you can see. Try your hand at something more risky!

Transaction fees are not usually an issue on exchanges, but there are sometimes purchase minimums so keep that in mind. However, Bitcoin is not fungible currently, which means here that it isn't easily divisible into small amounts. Sometimes, Bitcoin can cost up to $10 to send to another address. So if you send your bitcoin to someone else, you would only be able to send $15! That's a loss (friction) of 40%. Not a good thing...

If I were you, find a cool token to invest in without question.
full member
Activity: 125
Merit: 100
December 04, 2017, 04:47:57 PM
#49
When bitcoin was first introduced it was worth nothing and no one believed in you must have heard about the guy who bought a pizza for 5000 bitcoins if he had saved that moment now he would be a millionaire easily.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
December 04, 2017, 04:47:33 PM
#48
Your capital is very less and to increase it by holding is not profitable at all. Your first go is to start trading with altcoins and be an active reader to read news about cheap but good altcoins. Trading in coin exchanges is only profitable if you have patience.

You should check out the coins that might be profitable in 2-7 days so that you can multiply your capital faster. Don't ever try to invest in the coins whose supply is limited and they are priced at 1 sat.

give your time to learn some good and profitable pair of coins, and then invest in them to earn 10-50% profits within a week or two weeks. Your capital will increase for sure and at the same time you will store enough dollars as Bitcoin.
sr. member
Activity: 1400
Merit: 283
December 04, 2017, 04:40:41 PM
#47
I scraped together the little money I have and dove into bitcoin. My ambition is to make money trading altcoins and keep a bitcoin reserve. Can I even make it anywhere starting with such a small amount of money?
Well after seeing what have happaned all year long and how much profit poeple were able to make off the back of the bitcoin, every little dime that you put into it is worth it, this year bitcoin has risen from 1k to 10k giving the people who were able and paitent enough to hold it all year long a profit that exedes 1000%, that is more than investment or trading did or will ever get you in a life time, saving bitcoin now is the new way to invest your money, there is no other safer and more profitable way than just passivily earning money.
hero member
Activity: 1078
Merit: 514
December 04, 2017, 04:34:46 PM
#46
Bitcoin and 25$ look insane. My suggestion is to choose something not so expansive like Etherum and start with easy targets like +20%. But if you want exactly Bitcoin, of course you can join it's trading even with a dollar, but you will need to spend a lot of time infront of computer to earn something serious.
jr. member
Activity: 45
Merit: 10
December 04, 2017, 04:30:21 PM
#45
I do not think $ 25 can invest. You have misunderstood the investment. If you spend $ 1 and you get $ 3. you only profit $ 2. If you spend $ 1000 you collect about $ 3000 you earned $ 2000. That's the difference. You should ask the experts.
newbie
Activity: 37
Merit: 0
December 04, 2017, 04:27:55 PM
#44
will be very interesting. I believe so. The amount of my investment in bitcoin is also very low. Only $ 200. and then $ 2000 bitcoin. Now I have $ 1000 and do not need to do anything. Please invest in a coin you feel safe
full member
Activity: 165
Merit: 100
December 04, 2017, 04:25:50 PM
#43
will be very interesting. I believe so. The amount of my investment in bitcoin is also very low. Only $ 200. and then $ 2000 bitcoin. Now I have $ 1000 and do not need to do anything. Please invest in a coin you feel safe
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