Is $30 dollars worth starting bitcoin? - page 2.

Furious 7

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Quote from: gurunanakji777 on May 06, 2023, 07:55:52 AM

Investing only 30 dollars in Bitcoin is not recommended, as transaction fees will also be deducted, making it an unwise decision. Instead of investing in Bitcoin, it would be better to consider Altcoins which also have the potential to yield greater returns but it totally depends on your coin selection. However, it's important to keep in mind that Bitcoin is a safer investment compared to Altcoins.

I don't want to say you are wrong on this point because of course that too is a free thing to do depending on how you look at it. but altcoins for beginners obviously things like this are ridiculous and tell them to kill themselves.
However the current conditions are quite clear, I think bitcoin is something that is really worth it but letting them go to altcoins only with the hope of a bigger return without telling the risk of the worst possibility that must be taken is clearly something wrong because even though the return could be bigger but the falls for altcoins are also much more pronounced. You say bitcoin is definitely much better but suggest to be on altcoins to start with. I think something like this should be started from the beginning with bitcoin so that it doesn't get lost any further.

gurunanakji777

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Investing only 30 dollars in Bitcoin is not recommended, as transaction fees will also be deducted, making it an unwise decision. Instead of investing in Bitcoin, it would be better to consider Altcoins which also have the potential to yield greater returns but it totally depends on your coin selection. However, it's important to keep in mind that Bitcoin is a safer investment compared to Altcoins.

Warkop

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It doesn't matter if you only have 30 dollars of capital to invest, if you want to take small profits from short-term trading results you can, even though the profits are not as big as you expect, because again the profits you have affect your income too from short-term trading results, but if you are a patient person then please just take long-term investments and the money invested is not from your rushing money every day, because later it will interfere with your long-term investment, it's different if the money is shown for investment then in the future your investment will be better because your living needs have been covered from results outside of your investment.

Lamkuthang

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Quote from: DiMarxist on May 05, 2023, 03:06:34 PM

Investment in a amount of $30 is not below the minimum value for beginners who want to invest in bitcoin, because it is useless for you to invest $1000 even higher when you don't have a strategy and knowledge of market performance, so make sure the investment money is not money needed for shopping and other needs , So using $30 amount to invest for long term investment for high profit is good for beginners. Investing in what you can lose to afford, is the best don't invest in higher price and regrets later. When you start to invest in cryptocurrency learn how to be patient and endure, investment is all about patient.

I think this also related with Capital dependent too I think and Starting with a smaller amount like $30 can be a good way to learn and gain experience in the cryptocurrency market while minimizing the risks involved and This is often referred to as a long term investment strategy. However, if we look at it like all investments, there is no guarantee that Bitcoin will increase in value, and subject to volatility and market fluctuations one has to wait 4 hours, 4 days or a week to see results post market entry.

inthelongrun

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Quote from: Tiger2328 on May 05, 2023, 02:38:19 PM

In my opinion it is a small amount to benefit from bitcoin. because the movement of bitcoin is very fast and very risky if the bitcoin market is going down drastically and, you can still invest $30 in bitcoin because there is no limit in investing in bitcoin. but don't expect to get a very large profit with very little capital. and in my opinion capital with $ 100 also does not have a large enough profit when bitcoin is on the rise and only get a small portion of the profit.

Yeah, profit from investments depends on the amount of capital although this also depends on the types of risk. Altcoins with small amounts have the chance to earn big but the risk is just too high. Bitcoin however is the most reliable but its growth in the next few years might not be that high so earnings from investments are also not that big if the capital is too small like $30.

Nonetheless, it is better to have investments rather than none at all. And the fact that someone has to squeeze a part of their tight income brings me the positivity that the guy has the mentality and the potential to become financially successful in the future. And it is also the rule of investing to start small since there is always the chance to make it grow in the next days to come.

DiMarxist

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Investment in a amount of $30 is not below the minimum value for beginners who want to invest in bitcoin, because it is useless for you to invest $1000 even higher when you don't have a strategy and knowledge of market performance, so make sure the investment money is not money needed for shopping and other needs , So using $30 amount to invest for long term investment for high profit is good for beginners. Investing in what you can lose to afford, is the best don't invest in higher price and regrets later. When you start to invest in cryptocurrency learn how to be patient and endure, investment is all about patient.

Tiger2328

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In my opinion it is a small amount to benefit from bitcoin. because the movement of bitcoin is very fast and very risky if the bitcoin market is going down drastically and, you can still invest $30 in bitcoin because there is no limit in investing in bitcoin. but don't expect to get a very large profit with very little capital. and in my opinion capital with $ 100 also does not have a large enough profit when bitcoin is on the rise and only get a small portion of the profit.

ZAINmalik75

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Quote from: Godlovesyou on April 19, 2023, 01:15:09 AM

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?

The more capital you have for investing in the cryptocurrency market, the more profit you can earn and then you will need a good amount of money to invest in Bitcoin. If you want to start investing in Bitcoin with such a small amount, then apparently I don't see any point in it. 30$ can only be used in centralization exchange to make profit because there trading fee is low and you will be given feature of direct deposit and withdraw to fiat. If someone want to buy at cold wallet then I will suggest to wait and when your fund increase then invest to make proper profit.

With such a small amount, if anyone wants to start investing in the cryptocurrency market, it would be better for him to invest in a small coin whose market value is less than one dollar and have a low fee for swapping. For such a small amount, he can get a large number of low-value tokens.And as the price of the token increases, it will also see a profit.

robelneo

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Quote from: Godlovesyou on April 19, 2023, 01:15:09 AM

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.

That's not the way to encourage people to invest, he can even start at $5 and check the progress of his investment, when he sees that it's growing or increasing he will add more, don't ask people to be greedy right away, its always been invest at the amount you can afford to lose

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.

If he is properly educated on investing he'll accept that fact, but let him invest at whatever amount he likes and what he thinks is comfortable enough, educate him more, and let him decide for himself if he wants to add more.

Quote

What do you think about my advice to him?

In my opinion, it's not good there was a time I gave a friend $5 as a starting point after a year he already invested over $5k and he is still good, so to encourage others to invest he gave them $5 as starting investment to see how it works and to learn how bitcoin works.

Rabata

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Quote from: Twentyonepaylots on April 25, 2023, 05:14:22 AM

Quote from: DeathAngel on April 24, 2023, 04:02:11 PM

$30 isn’t going to make him rich, investing in bitcoin. It’s 2023 now, not 2010.

Investing $30 in bitcoin is better than leaving $30 in his fiat bank savings account with 1% interest or whatever crap rates they offer these days.

$30 is a very small amount but it’s a start I guess. Tell him to dollar cost average into bitcoin every month he gets paid, it’ll soon build up.

Indeed. You have to start somewhere or in this case, starting with certain amount that is regardless of whether it is small, it is still a step forward on having investment in bitcoin. As long as that amount of money is the one you are willing to risk, then do so, it is still better for it to be invested into something rather than be stuck on a bank account yielding to almost nothing in return. At least, with this investment you can see that it has potential to grow and would motivate you to invest more that is within your risk tolerance in regards with your money.

As a new investor investing with $30 is not bad Idea. After investing $30 a new investors can definitely get a good idea about his investment and later he can increase his investment.

Those who want to invest in Bitcoin, which is risky, should be aware of its history. But those who are able to bear this risk are encouraged to invest that can be a good decision for them. But I'm skeptical about it to make small investments. If investors wait for Bitcoin's bull run with this small investment then it would be waste of time.

nullama

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Quote from: ice18 on April 29, 2023, 11:44:40 PM

I you want to accumulate bitcoin starting at $30 then its a good start, Im not saying for trading but to buy and hold it, you can buy weekly or bi weekly if you have extra money to invest do this in 5 -10 years and you will see the fruits of your hard earned money.

Yeah, I think they will get more out of the experience by learning how to self custody Bitcoin instead of the capital gains they might get for $30.

Long time ago, maybe, but the gains to be made these days are not comparable.

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Quote from: Bazzu on April 30, 2023, 12:05:22 AM

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.

In investment, capital to invest is very important, but knowledge is the foundation of success, that is, without knowledge, never succeeds.

Going back to OP's question, I think it will be no problem to start with 30$, but to get a good profit, you should keep investing every time you have more money. If you just stop at $30, don't expect to make big profits as well as become rich. Bitcoin can't make you rich with $30.

Bazzu

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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.

ice18

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I you want to accumulate bitcoin starting at $30 then its a good start, Im not saying for trading but to buy and hold it, you can buy weekly or bi weekly if you have extra money to invest do this in 5 -10 years and you will see the fruits of your hard earned money.

Litzki1990

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Quote from: bettercrypto on April 25, 2023, 05:16:52 PM

Of course it is possible for a start, and if you can make it grow by at least 1$ a day or more because the trading fee is also small and it depends on the exchange you use. it means you are good at trading activity and you have knowledge of cryptocurrency.

Just don't take a risk if you know how to avoid wasting the money you put in there, because whether your capital is small or large,
we should appreciate it.

It will be very difficult to earn a dollar a day from that $30 invested with $30 because a fixed amount of trading fees will be deducted from your account every day. It is better not to expect profit here by investing with 30 dollars. Every day you hold it you will earn one dollar but the value of the coin does not increase as per your plan but the value of the coin falls more but instead of earning that one dollar you may lose several dollars. But investing $30 to learn can be a good start. Investing with $30 will give you a real understanding of the market that will be useful to you later on when investing.

Stella Mese

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I think investing in btc with small money or big money in my opinion is the same, and the problem of investing in btc in my opinion depends on a person's economic situation whether the person has a lot of money or not and it would be better if that person invested in btc with idle money.

so i think small or big doesn't matter
what matters is investing
in btc according to ability and will.

GigaBit

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Quote from: amihada on April 29, 2023, 11:10:01 AM

if you want to get big profits, do it with big capital, if the capital is small, the profits are also small, you can't invest in bitcoin, even if it's only $ 30, but it would be nice if you have a capital of $ 30, choose to invest in alcoins, you will get more profit because alcoins can go up drastically and the profits also more, it's just a suggestion.

As a new investor it is quite useful to start with $30. But if the profit is calculated from investment purpose then an investor must invest such amount of money that he is able to make good profit from it. Buying Bitcoin for $30 is unlikely to make much profit. On the other hand, investing even $30 in altcoins will not be profitable because all the good altcoins are very expensive. You may be talking about some sheet coins that can make big money with little investment. However, investing in these coins often makes it impossible to get a return on investment. So the investor must increase the amount of investment.

summonerrk

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Quote from: Altryist on April 29, 2023, 01:42:27 PM

Quote from: summonerrk on April 29, 2023, 02:42:28 AM

As a percentage, increasing $30 per dollar per day is a lot. That's three percent a day. It is better to earn at least another hundred dollars on the forum, and then try to increase this amount as a percentage.
There is a golden rule that small amounts need to be increased by arithmetic progression (just adding money by earning fiat, on the forum, etc.), but large amounts - by geometric progression (trading, deposits, and everything that increases the amount multiplied by a percentage). Then it all makes the most sense.

There is a formula by which you can calculate for what period the invested amount will double, if you know at what percentage per annum you want to invest your money, it is called rule 70, you need to divide 70 by a percentage, let's say let it be 5%, in this case your amount will double in 14 years, but you know, in the case of fiat money, inflation will eat up their value. I was once very interested in this topic with compound interest, but it can work in a period when there are no crises and inflation is not high, times are changing and now it is better to find more effective use of your money.

Thank you for telling me this interesting principle, it is unusual, like the Pareto principle, which I heard about once and remembered forever. I think you know it, too.

Compound interest is a wonderful thing that can make anyone very rich. And if someone wants to earn a lot of money, he must know it. A vivid example of the power of geometric progression.

You wrote correctly about inflation, it should always be taken into account, and many forget to take it into account in profit calculations, such as losses during currency conversion, or exchange tax.

hannahB4

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The principal fee will be the determining factor to the ratio of profit so I doubt if I invest 30 dollars, I will be comparing myself with $100 because I know the amount of money I invested what might cause regret is if I had more money that I didn't invest. From my point of view, no amount is small to invest as long as you are aware of what it entails to have it.

Altryist

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Quote from: summonerrk on April 29, 2023, 02:42:28 AM

As a percentage, increasing $30 per dollar per day is a lot. That's three percent a day. It is better to earn at least another hundred dollars on the forum, and then try to increase this amount as a percentage.
There is a golden rule that small amounts need to be increased by arithmetic progression (just adding money by earning fiat, on the forum, etc.), but large amounts - by geometric progression (trading, deposits, and everything that increases the amount multiplied by a percentage). Then it all makes the most sense.

There is a formula by which you can calculate for what period the invested amount will double, if you know at what percentage per annum you want to invest your money, it is called rule 70, you need to divide 70 by a percentage, let's say let it be 5%, in this case your amount will double in 14 years, but you know, in the case of fiat money, inflation will eat up their value. I was once very interested in this topic with compound interest, but it can work in a period when there are no crises and inflation is not high, times are changing and now it is better to find more effective use of your money.

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