I usually don't care too much about the initial capital to start because everyone's economy is different, so start with the money you have, don't compare it with others. But remember one thing, bitcoin is a volatile asset, which means it can increase your capital significantly compared to other investments, but you should not think that you will get rich by investing in bitcoin with $30.
Another cool thing about bitcoin is that you can start with $30 in bitcoin, but if tomorrow, next week, or next month... if you have more money, you can buy anytime. If you stick with that strategy for a few years, the amount of capital you invest in bitcoin will not be small anymore.
Topic: Is $30 dollars worth starting bitcoin? - page 10. (Read 1227 times)
Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.
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?
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?
I guess we have to start somewhere else, so for me $30k is good enough for beginners. And then maybe he can start like weekly investing on bitcoin or so some DCA.
And it's better if you would explain that it will take a lot of time and money and of course he should be in for the long term so that he will realized the gain if he is going to buy and HODL and then wait for the eventual bull run in 2024-2025.
I will say yes and no, depends on your situation.
If you only have $30 and you're just a student, don't have any jobs or your salary is $50/month which is low, I'd say it's not worth to invest in Bitcoin because you will not make a good return. It's better if you use that money to learn about new skill to get better job.
But if you're an employment and you get paid at least $200+/month which is an average salary and you have a spare money, you can invest in Bitcoin by DCA-ing.
I don't think it's make sense to hope your $30 will make a good return, you need to pay trading fee and withdrawal fee.
If you only have $30 and you're just a student, don't have any jobs or your salary is $50/month which is low, I'd say it's not worth to invest in Bitcoin because you will not make a good return. It's better if you use that money to learn about new skill to get better job.
But if you're an employment and you get paid at least $200+/month which is an average salary and you have a spare money, you can invest in Bitcoin by DCA-ing.
I don't think it's make sense to hope your $30 will make a good return, you need to pay trading fee and withdrawal fee.
Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.
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?
Your advice was in knowledgeable and important, at least he wouldn't expect more from his capital. Cryptocurrency is risky and also rewards a trader who open good entries on the market. Starting with $30 is probably he's standard and we should always invest what we can afford to lose, not the other way round. Invest what will drained us once Bitcoin goes against our plans, we start lamenting and look for someone that will helped is probably not the right path. $30 bucks can grow into a big account, only if traded wisely, target the specific time Bitcoin do the pump run and invest in it, $30 can flip to $100 within few days or even more. 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?
For a start, they can invest the $30 to observe how the market works, then move ahead to put in more funds into their wallet. I don't see anything wrong if the person feels like $30 is a spare fund for him, it's fine, he won't be sad if he losses it all, so I'll recommend you to advise him to invest more if he feels that his $30 investment wasn't a waste.
Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example;
This is a misconception that pushes people to invest in shitcoins which are valued in cents. Bitcoin's price being high does not mean investors with lower purchasing power cannot get some. For a start $30 is not a bad value at all, the person is can use that amount to test out the little technical features, trading, wallets and backups, transactions on-chain... What you are starting with does not determine the outcome if they plan to invest more eventually.
if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.
Someone who started with $100 can also not be compared with someone who started with $1,000 or $1,000,000. This does not mean those with lower purchasing power should not get into bitcoin. A 100% increase would double their $30 to $60, a better deal than letting inflation gnaw at it if left in fiat.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.
You either gain or loss in percentages. 10% of $100 varies from that of $1,000, they are gaining or losing according to their investment.- Jay -
Although there is nothing wrong with someone starting their Bitcoin investment with $30, the reality is that they may not make enough profits that will make them happy . Therefore, it is best to start with a reasonable amount of money that you can afford to lose, or even if you started with small amount, it will help if you keep accumulating with small small amount of money in aim of making good profit.
It is actually a bad idea for beginners to be eager to invest in the bitcoin sector. I'll encourage you to tell the individual you introduce to bitcoin not to be compelled to invest in it right away, but rather to educate themselves first.I can tell that both of you are still new to Bitcoin, but if you weren't, you'd know the answer to this question from the Bitcoin knowledge. So let knowledge be before investment.
Have it in mind that a 30$ investment in Bitcoin either per week or month is for the long term, you can't expect anything back until you've invested a lot so you will be holding your Bitcoin bag for a very long term, if this is still what you want then you can proceed.
The reason why many people with small amounts of money prefer investing in altcoin is that with 30$ invested in altcoin, you can easily make 300$ in months or a few weeks if you are smart at using hype and trends to your advantage.
And they will later use that 300$ gain to invest back into Bitcoin, I have a friend that does these swings between altcoins, and he has used this trick to accumulate a handful number of Bitcoin so far. This is not investment advice for anyone because altcoins are riskier than Bitcoin.
The reason why many people with small amounts of money prefer investing in altcoin is that with 30$ invested in altcoin, you can easily make 300$ in months or a few weeks if you are smart at using hype and trends to your advantage.
And they will later use that 300$ gain to invest back into Bitcoin, I have a friend that does these swings between altcoins, and he has used this trick to accumulate a handful number of Bitcoin so far. This is not investment advice for anyone because altcoins are riskier than Bitcoin.
I think if you want you can start investing in Bitcoin $30 is a good start, I invested around $50 for the first time. If someone can't buy much DCA is the best strategy IMO.
Investments can be started with $30 to learn or gain experience. But don't expect to make a profit by investing $30 in a platform like Bitcoin. Because if the market increases a lot by investing with $30, then the amount of profit from that 30 dollars will not have any economic impact on it.
If he wants to start investing with $30, you can congratulate him for starting and you can tell him to invest $30 as well as to increase the investment when he has money to invest more. If he continues his investment like this, one day he will see that his investment amount has increased and then he can expect profit from his significant investment.
If he wants to start investing with $30, you can congratulate him for starting and you can tell him to invest $30 as well as to increase the investment when he has money to invest more. If he continues his investment like this, one day he will see that his investment amount has increased and then he can expect profit from his significant investment.
Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example;
Yes, anyone can start a Bitcoin investment with even the least $5 or $10 while using an exchange such as Binance or Remitano. But if you need to have your coin in a non custodial wallet such as "Trust wallet", you need above $20 to cover both transfer feesQuote
if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.
No, you are very wrong on this, because the price of Bitcoin always increase or decrease by percentage "%", which means that the profit or lose you could get will be base on your investment capital. That is for example,If Mr A invest $1000 in Bitcoin and Mr B invest $100 in Bitcoin too, same time, same date, and the price of Bitcoin eventually rose by 5%, that means,
5% of $1000 = $50 (and that's the profit Mr A will be having, i.e $1050 in total)
While,
5% of $100 = $5 (and that's the profit Mr B will be having, i.e $105
And that how it works, et cetera.
Quote
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?
No, both person who invested huge and small amount of money will always loss or gain base on the same percentage at every moment, but the only difference is that the higher your capital, the more profit you may stand to get.What do you think about my advised to him?
That is, if for example
If you invest $100,000 and the price of Bitcoin then increase by 10% after a week, that means you should have made a profit of 10% of $100,000 = $10,000
And same with if you may have invested $10,000 and the price of Bitcoin increase by 10%, that means you should have made a profit of 10% of $10,000 = $1000
Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.
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?
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?
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