Topic: Is $30 dollars worth starting bitcoin? (Read 1221 times)
Yes is the answer reason been that whether one invested with huge amount or small amount, when it rise both huge and small amount will gain and when it drops the both will depreciate. So no amount is really small when it comes to Bitcoin investment. It all depends on ones Pocket.
~snip~
Of course, if he makes only $3 profit, that probably won't even cover the fees for buying and selling bitcoins, but he will still make a profit. And learning to trade from scratch with $30 will most likely result in him losing the entire $30 altogether. I can quite possible to advise him to buy bitcoins, especially in a downturn, but I personally would not dare to advise anyone to start trading, the risk is too high.
Of course, if he makes only $3 profit, that probably won't even cover the fees for buying and selling bitcoins, but he will still make a profit. And learning to trade from scratch with $30 will most likely result in him losing the entire $30 altogether. I can quite possible to advise him to buy bitcoins, especially in a downturn, but I personally would not dare to advise anyone to start trading, the risk is too high.
Yeah, trading is expensive, and most people will end up losing money, plus the fees are constantly there.
With $30 OP should focus on learning about Bitcoin, lightning, etc, it's a great opportunity to move Bitcoin around. At the end of the day it's the same if OP was moving millions, so better to learn with less money as mistakes would cost almost nothing.
I wouldn't focus on trading, just on learning the tools of Bitcoin.
In my opinios(as of right now), you shouldn't invest in bitcoin if you have between $30 and $50 to invest because it is essentially unprofitable and the investment is long-term. Instead, you should learn more about cryptocurrencies and how the investments work so that when you have more money to ivest, you won't be concerned because you have knowledge that anyone can acquire.
~snip~
Of course, if he makes only $3 profit, that probably won't even cover the fees for buying and selling bitcoins, but he will still make a profit. And learning to trade from scratch with $30 will most likely result in him losing the entire $30 altogether. I can quite possible to advise him to buy bitcoins, especially in a downturn, but I personally would not dare to advise anyone to start trading, the risk is too high.
Of course, if he makes only $3 profit, that probably won't even cover the fees for buying and selling bitcoins, but he will still make a profit. And learning to trade from scratch with $30 will most likely result in him losing the entire $30 altogether. I can quite possible to advise him to buy bitcoins, especially in a downturn, but I personally would not dare to advise anyone to start trading, the risk is too high.
Yeah, trading is expensive, and most people will end up losing money, plus the fees are constantly there.
With $30 OP should focus on learning about Bitcoin, lightning, etc, it's a great opportunity to move Bitcoin around. At the end of the day it's the same if OP was moving millions, so better to learn with less money as mistakes would cost almost nothing.
I wouldn't focus on trading, just on learning the tools of Bitcoin.
I think if a person is interested in Bitcoin investment and he has only 30$ then best option will be that he should use these money to get some experience in trading rather than expecting huge profit from them. Because profit from Bitcoin investment depends on how much amount you invest and how much percent Bitcoin price goes bullish, if you invest 30$ and Bitcoin price goes 10% the you will get just ten percent which will be 3$.
So when ever he got some big fund from different source then you should welcomed him in really world of trading where he can expect some bit from his investment..
So when ever he got some big fund from different source then you should welcomed him in really world of trading where he can expect some bit from his investment..
Of course, if he makes only $3 profit, that probably won't even cover the fees for buying and selling bitcoins, but he will still make a profit. And learning to trade from scratch with $30 will most likely result in him losing the entire $30 altogether. I can quite possible to advise him to buy bitcoins, especially in a downturn, but I personally would not dare to advise anyone to start trading, the risk is too high.
What do you think about my advised to him?
I think if a person is interested in Bitcoin investment and he has only 30$ then best option will be that he should use these money to get some experience in trading rather than expecting huge profit from them. Because profit from Bitcoin investment depends on how much amount you invest and how much percent Bitcoin price goes bullish, if you invest 30$ and Bitcoin price goes 10% the you will get just ten percent which will be 3$.So when ever he got some big fund from different source then you should welcomed him in really world of trading where he can expect some bit from his investment..
as far as i know investing in btc with small capital of course the profit is small
if with large capital of course the profit is big.
but for learning and the initial stage I think our can invest in btc with a capital of $ 30.
but it would be better if it was more than $ 30 with the aim of getting a big profit.
but the most important thing is the knowledge that must be prioritized
because if you invest in BTC, you have less knowledge, usually you have the potential to lose.
in fact, many people with large capital invest in btc and end up getting big losses and one of the causes of the loss is due to a lack of knowledge about investing in btc.
if with large capital of course the profit is big.
but for learning and the initial stage I think our can invest in btc with a capital of $ 30.
but it would be better if it was more than $ 30 with the aim of getting a big profit.
but the most important thing is the knowledge that must be prioritized
because if you invest in BTC, you have less knowledge, usually you have the potential to lose.
in fact, many people with large capital invest in btc and end up getting big losses and one of the causes of the loss is due to a lack of knowledge about investing in btc.
However, if you invest less money, you will get less profit and if you invest more money, the amount of profit will be more. If you invest with $30, you will not get much profit, so if you want to invest, it is better to increase the amount of money. It is true that investing in Bitcoins requires sufficient skill and knowledge. Otherwise, it is wrong to never expect to make a profit by investing in Bitcoin, rather the loss will be the greatest. There are many people who have no basic knowledge of Bitcoin and invest a lot of money when the market is in a bull market. And then when their mark goes down they lose a lot of money and they go bankrupt. So if he wants to invest first he has to think about gaining special knowledge about bitcoin and crypto so that he won't lose if he invests.
Well $30 is low amount to start. but as others mentioned above there is no minimum amount you can invest. so you can start with anything you have or I say anything you can afford to loose. so If $30 is all your friend have and want to experience Bitcoin and Crypto then he sure can do that.
I think if he follow a good day trader he can make 1, 2 bucks a day or two. so it is a good start for a newbie in my opinion. starting with big amount where has more advantage it also have higher risk. specially for a new commer.
I think if he follow a good day trader he can make 1, 2 bucks a day or two. so it is a good start for a newbie in my opinion. starting with big amount where has more advantage it also have higher risk. specially for a new commer.
Trading will probably eat all the money OP invested.
There are a lot of fees when you move money around, and those are simply gone, even if you end up doing a good trade.
And of course there might even be capital gain taxes involved depending on the country.
Just make sure to have an answer to the question "is it worth'd to invest"? if your answer is yes, then taking your first step is the right thing to do.
Why bro? Why should I tell him what to do and what not I can just educate him I can't force him or give him words to invest because as I said it's his/her investment and he/she should have to learn about it. Then make a decision about it. So dear don't tell me I can just educate him with his question so that he/she can make a good decision.
Moreover it maximum the people are already suggesting this and that and telling him the straight answer so I thought that my answer to the query should need to be decent which can help him in the future too.
make an investment and if you have enough time invest also with time to learn more about this market, if you think that you can spare more money with bitcoin investment always act accordingly.
Are you talking to me here I'm a bit confused because the query was not mine you should tell Op about it. I ma already Bitcoinnr Alhamdullilah and I Know where to take entry and where to exit with Pro & Cons.
It's your final decision making that will lead you to a possible success in the long-run, make sure not to forget doing your DYOR!
This is Obviously for OP I think..
Well $30 is low amount to start. but as others mentioned above there is no minimum amount you can invest. so you can start with anything you have or I say anything you can afford to loose. so If $30 is all your friend have and want to experience Bitcoin and Crypto then he sure can do that.
I think if he follow a good day trader he can make 1, 2 bucks a day or two. so it is a good start for a newbie in my opinion. starting with big amount where has more advantage it also have higher risk. specially for a new commer.
I think if he follow a good day trader he can make 1, 2 bucks a day or two. so it is a good start for a newbie in my opinion. starting with big amount where has more advantage it also have higher risk. specially for a new commer.
I remember myself before when I was new to different areas of cyberspace, spending for $1 made me consider it because it was really big for a student at that time when the money to pay for tuition fees and living expenses are limited, and I always wish but the expenses will help me. Even if they do bring risks and losses, I feel fortunate to have spent properly to get the mistakes to avoid, so try to put that in mind when starting out. Start participating in something don't hesitate to see what is enough, just get started and the process will help us see what's right and $30 or even $3 let's just pretend this isn't just a payment investment in financial income, but more realistic what you will get in terms of knowledge is much more worth it.
I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.
Basically Investment is good, the actual quantity will not determine whether it is useful or not, maybe from a small amount we can actually make it as experience in starting Investment, most of the beginners try small amounts to gain experience, whether he is $ 30 or smaller .
yes, indeed there are lots of beginners who invest with small capital at the same time while learning and feeling what investment is and after knowing what investing in btc is and knowing btc price movements and others. so after getting a lot of experience, many immediately invest in btc with large capital and I think investing with small capital like $ 30 is a good thing for initial investment and while learning.
for bitcoin, there is no limit when we start investing. I mean, we can start with whatever money we have. but bitcoin is not a get-rich-quick tool, nor is it something that can turn $30 into $300,000 or $3 million. it can give you more substantial returns than any other asset, but it also has its limits. if you want to experience the market, $30 is a perfect place to start but if you intend to get rich with that bit of money, then bitcoin is not for you.
Don't ask for it,
Just start doing it if you really want to because changing your life there is a need for the first step forward to the new destination and from that first step your journey starts. I am not a Bitcoin specialist haha, and not even a boring motivational speaker but I like to talk if I really want to give my view on something then I sue to do it on the spot. If you think Bitcoin si profitable for you infuture by any means, remember by any means weather its in terms of making more money, choosing self cutodu or any type of financial independence then bro don't wait for other step up and just Start changing your life with the Bitcoin.
I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.
Just Belive yourself -Hamza
Just start doing it if you really want to because changing your life there is a need for the first step forward to the new destination and from that first step your journey starts. I am not a Bitcoin specialist haha, and not even a boring motivational speaker but I like to talk if I really want to give my view on something then I sue to do it on the spot. If you think Bitcoin si profitable for you infuture by any means, remember by any means weather its in terms of making more money, choosing self cutodu or any type of financial independence then bro don't wait for other step up and just Start changing your life with the Bitcoin.
I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.
Just Belive yourself -Hamza
Just make sure to have an answer to the question "is it worth'd to invest"? if your answer is yes, then taking your first step is the right thing to do, make an investment and if you have enough time invest also with time to learn more about this market, if you think that you can spare more money with bitcoin investment always act accordingly.
It's your final decision making that will lead you to a possible success in the long-run, make sure not to forget doing your DYOR!
I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.
Basically Investment is good, the actual quantity will not determine whether it is useful or not, maybe from a small amount we can actually make it as experience in starting Investment, most of the beginners try small amounts to gain experience, whether he is $ 30 or smaller .
Don't ask for it,
Just start doing it if you really want to because changing your life there is a need for the first step forward to the new destination and from that first step your journey starts. I am not a Bitcoin specialist haha, and not even a boring motivational speaker but I like to talk if I really want to give my view on something then I sue to do it on the spot. If you think Bitcoin si profitable for you infuture by any means, remember by any means weather its in terms of making more money, choosing self cutodu or any type of financial independence then bro don't wait for other step up and just Start changing your life with the Bitcoin.
I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.
Just Belive yourself -Hamza
Just start doing it if you really want to because changing your life there is a need for the first step forward to the new destination and from that first step your journey starts. I am not a Bitcoin specialist haha, and not even a boring motivational speaker but I like to talk if I really want to give my view on something then I sue to do it on the spot. If you think Bitcoin si profitable for you infuture by any means, remember by any means weather its in terms of making more money, choosing self cutodu or any type of financial independence then bro don't wait for other step up and just Start changing your life with the Bitcoin.
I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.
Just Belive yourself -Hamza
I hardly have up to $30 worth of Bitcoin in my wallet years ago, but I spend most of my time learning about Bitcoin, you don't have to be an investor right away, not having money to invest in Bitcoin can be blessings because it creates time for you to focus more on learning about Bitcoin, you will be in a more calm state and there will be no reason to rush.
A good way is to start from learning not directly buying bitcoins without basic knowledge so this is very important for those who are just starting out and learning it takes time to understand it so there is no need to think about profits it is better to base it from below how bitcoin works and with price movements all of that requires stages of learning starting from the beginning.I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.
Your thinking at the beginning was quite good, not concerned with profits but knowledge first before spending capital to buy bitcoin as an investment.Regarding mining, it requires quite a large amount of capital because it requires several VGAs to start mining, while the mixing service is to keep transactions more private. I have used the mixing service several times and it's simple to do.
If you want to invest in Bitcoin with very little capital I think it needs to be considered again, because the value of Bitcoin is currently very high and $ 30 is certainly very little capital, so my advice is to just choose a potential altcoin that is still cheap and collect every profit to buy Bitcoin, because we as investors with small capital must find a way to one day become a big investor because everything needs a process not everyone is successful today It's easy to go through every problem, but they have often fallen but still stand until the success they want to feel can be achieved.
Investing in btc with small capital($30) is not bad if this is just for learning purpose. As a beginner we should not invest a very small part to check different scenarios, to check how market reacts in different conditions(bull, bear, Fomo, fear). after learning we can increase our portfolio which will be much better then investing big from start. there may he chance that one want to invest big but currently he has low fund then i will also advise to buy with $30 and then you can add more every month.
I hardly have up to $30 worth of Bitcoin in my wallet years ago, but I spend most of my time learning about Bitcoin, you don't have to be an investor right away, not having money to invest in Bitcoin can be blessings because it creates time for you to focus more on learning about Bitcoin, you will be in a more calm state and there will be no reason to rush.
I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.
I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.
But honestly, I don't think many people will do what you did because most want to make a quick profit. It will be a very uncomfortable and sad feeling when you check the price every day and discuss with people every day about bitcoin while you don't have bitcoin. It is a feeling of great disappointment and discomfort, and sometimes it will discourage us. I used to be in the same situation as you, but it's a shame, I can't do it like you. I am not confident enough without money to invest.
So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.
What do you think about my advised to him?
Bitcoin never imposes any specific amount requirement on any user for investment. So a person can start investing in Bitcoin with any amount that can be $1 also. So $30 investment is not too bad or small amount to start investment. So you can definitely start investment from this amount but when you go to invest big amount then definitely recharge the market well to see if there is a big chance of bitcoin big dump at that time. What do you think about my advised to him?
I hardly have up to $30 worth of Bitcoin in my wallet years ago, but I spend most of my time learning about Bitcoin, you don't have to be an investor right away, not having money to invest in Bitcoin can be blessings because it creates time for you to focus more on learning about Bitcoin, you will be in a more calm state and there will be no reason to rush.
I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.
I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.
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