I for the love of me couldn't understand anything you said in this post. I know English is not your first language, but this doesn't make a lick of sense.
Now what you're probably trying to ask is it worth putting even a very small amounts of bitcoin and the answer is YES. But he better have other more traditional investments in his portfolio. You need to have a foundation of typical stuff (savings account, retirement plan, brokerage account etc) then for more risky "investments' which bitcoin is not an investment my nature.
Topic: Is $30 dollars worth starting bitcoin? - page 4. (Read 1221 times)
I agree that large capital is an advantage in investing because it gives a higher return, but when starting, only the minimum amount of capital should be used to get used to everything because investing is risky. You invest a small amount and feel sorry to see the market go up because you didn't invest more, but if unfortunately, the market dumped, you will feel quite lucky that you did not invest a large amount.
Investment should not be rushed, do not be afraid to miss the opportunity but invest greedily and blindly. Instead, invest slowly and experience the market, and don't be afraid of not having an opportunity for yourself, as long as the market exists, the opportunity will always exist.
I agree, if you rush int other market then you are going to have a bad result, but if you are careful about it then there is a good chance that you could end up with a better result, most people rush int other market and they lose a lot of money, that is the bad side of crypto right now, and should not be done.Investment should not be rushed, do not be afraid to miss the opportunity but invest greedily and blindly. Instead, invest slowly and experience the market, and don't be afraid of not having an opportunity for yourself, as long as the market exists, the opportunity will always exist.
I believe that the best thing to do at this moment would be making sure that bitcoin is not doing badly anymore, right now it is at a bear stage but a small one, I feel like it is a drawback and it will go back up, right now you could slowly start to get in. But even right now, when it is lower, I wouldn't advice getting in with all of your money, put just a bit in, and wait for it to either recover or go worse, if it does go worse then you can get in some more and keep doing that over and over again.
~snip~
The goal is not to be rich but just to start investing bitcoin. It may small but it is a good start than having not investing on it whether it will be double or not it is still and investment which you can also accumulate over time by adding it when you receive your salary. But we dont know soon that because he starts out $30 he keeps motivated to adding more in bitcoin and eventually he accumulated 1btc over time
The goal is not to be rich but just to start investing bitcoin. It may small but it is a good start than having not investing on it whether it will be double or not it is still and investment which you can also accumulate over time by adding it when you receive your salary. But we dont know soon that because he starts out $30 he keeps motivated to adding more in bitcoin and eventually he accumulated 1btc over time
True.
I don't think most people realize that when they have "their" money in the bank, they can lose access to all of it any second.
With Bitcoin, that simply doesn't happen because there's no middleman involved.
It's a game changer.
$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.
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.
The goal is not to be rich but just to start investing bitcoin. It may small but it is a good start than having not investing on it whether it will be double or not it is still and investment which you can also accumulate over time by adding it when you receive your salary. But we dont know soon that because he starts out $30 he keeps motivated to adding more in bitcoin and eventually he accumulated 1btc over time
OP said $30 for starting a Bitcoin investment, he didn't aim to be rich with $30. If you want big profits, surely you need a bigger amount of money. And if you just begin your journey of investing in Bitcoin, $30 is enough. The main goal is for learning and gets experience, a beginner shouldn't expect for being rich in his first investment in Bitcoin.
By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.
By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.
That's a good point! If you're new to investing, then $30 might be just enough to start learning how it all works. It's not about getting rich quick or anything, but more about learning and getting experience. Once you feel like you've got the hang of investing in Bitcoin and you're feeling more confident, adding another $50 or $100 to your investment can help you grow your money. It's all ybout taking calculated risks.
It's fine for OP to invest just 30$ bucks for now, although I hope he doesn't take too long to understand how benefical this investment is, so he can start putting more money in BTC before the next bull run that is expected to happen between 2024 and 2025.
With a single investment of 30$ it's possible he can double or triple it without much difficult in one or two years.
OP said $30 for starting a Bitcoin investment, he didn't aim to be rich with $30. If you want big profits, surely you need a bigger amount of money. And if you just begin your journey of investing in Bitcoin, $30 is enough. The main goal is for learning and gets experience, a beginner shouldn't expect for being rich in his first investment in Bitcoin.
By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.
By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.
That's a good point! If you're new to investing, then $30 might be just enough to start learning how it all works. It's not about getting rich quick or anything, but more about learning and getting experience. Once you feel like you've got the hang of investing in Bitcoin and you're feeling more confident, adding another $50 or $100 to your investment can help you grow your money. It's all ybout taking calculated risks.
$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.
OP said $30 for starting a Bitcoin investment, he didn't aim to be rich with $30. If you want big profits, surely you need a bigger amount of money. And if you just begin your journey of investing in Bitcoin, $30 is enough. The main goal is for learning and gets experience, a beginner shouldn't expect for being rich in his first investment in Bitcoin.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.
By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.
Your output determines your input, therefore if you are expecting a return of ten thousand dollars don't expect an input of a dollar to make it happen.. Of course we all need to start from somewhere and if that 30 dollars is committed to crypto investments then several years have to go by before a decent return is achieved... But sometimes starting small is the best way to test the waters.
like the word play in this!
A $30 investment in bitcoin is equivalent to silently throwing a tiny stone into a bucket of water without sound. That implies that $30 won't see much of a gain even if bitcoin chooses to rise longer than anticipated.
metaforically speaking like the word play in this! 
A $30 investment in bitcoin is equivalent to silently throwing a tiny stone into a bucket of water without a sound. That implies that $30 won't see much of a gain even if bitcoin chooses to rise longer than anticipated.
I have advised people who want to invest in bitcoin on numerous occasions that they cannot achieve the financial freedom they seek by small investments in bitcoin, but they can choose to do so with small investments in alternative cryptocurrencies that have the potential to make them millionaires within the next few years instead. That being said, It all comes down to accepting the risk and identifying the appropriate altcoins that can produce such returns.
I have advised people who want to invest in bitcoin on numerous occasions that they cannot achieve the financial freedom they seek by small investments in bitcoin, but they can choose to do so with small investments in alternative cryptocurrencies that have the potential to make them millionaires within the next few years instead. That being said, It all comes down to accepting the risk and identifying the appropriate altcoins that can produce such returns.
$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.
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.
I recommend that this be the case with 1 dollar, it is always Convenient to invest in bitcoin, there should not be any danger and if there is,the forum is present here,the articles and on YouTube some are aware of the scope of BTC, but If you are a person who does not have any type of financial culture, it is difficult for you to open your mind to btc if you have many people around you who do not believe in it, but 30 dollars is good on the condition that you can Continue putting more money into it.
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?
You are correct that crypto currency market, including Bitcoin, can be very volatile and value of your investment can fluctuate rapidly. Therefore conduct your own research before making investment decision. However, there is no problem with starting investment in Bitcoin with any smaller amount of money, however it is advisable to invest your savings in Bitcoin regularly, in particular when market is in down-trend. This strategy can help you to accumulate more Bitcoin holdings and increase the possibility of generating significant profits in future when market is in on an upswing.
I remember there was a story of someone on the forum sharing that the process of him quitting smoking and using them to invest in bitcoin, with just a small amount of money every day buy bitcoin and can also save a small amount and also help to protect health. I have no problem starting with using a small amount of capital to invest, what I see is the reality of where I am, if I am poor and have no money, then work and study to improve myself have money to invest strategically.
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.
The cryptocurrency market has been bullish and bearish for a long time. Suppose you invested only $30 in a bearish market of $20,000 price and when the market reaches $40,000, you will make $30 and the person who invested $100 will make $100. How much will you profit if the market starts a bullish movement and rises to an all-time high like $100k per btc? If the market reach $100k you will profit $120 if you invest $30 and what will you do by this amount? Invest strongly in something where you can get good returns even after a long period of time. After waiting for a long time, if the money is not received as expected, it can lead to resentment towards the investment. In my perspective invest $30 in many cases not suitable for investment. full member
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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?
We cannot deny the fact that there is a big advantage if you start in a big capital, big capital can earn big profit, but if you start with small capital you can only earn small, i also experience buying btc in a small amount and i have a big regrets after seeing btc rise very quick i started ask my self why i only put up a small capital now i only earn small profit. But we cannot blame our self because investing in crypto is very risky and we need to be whole hearted anytime because the price is unstable. 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 agree that large capital is an advantage in investing because it gives a higher return, but when starting, only the minimum amount of capital should be used to get used to everything because investing is risky. You invest a small amount and feel sorry to see the market go up because you didn't invest more, but if unfortunately, the market dumped, you will feel quite lucky that you did not invest a large amount.
Investment should not be rushed, do not be afraid to miss the opportunity but invest greedily and blindly. Instead, invest slowly and experience the market, and don't be afraid of not having an opportunity for yourself, as long as the market exists, the opportunity will always exist.
well, he can start investing in bitcoin from $30 as long as it is value he is willing to lose. Besides that, apart from explaining how the system makes profits in investing in bitcoin, I might also emphasize that this is a risky investment.
With $ 30, the percentage of profit he gets will not be too big, and the value of the profit he can get is directly proportional to the value of his investment. the higher the investment he gives, the greater the potential for profit. however, the risk is also greater.
If your friend is as consistent in investing as he would be in investing the $30 he has in bitcoin, then that's a good move. however, if he is only out $30 and trying to increase his value from $30, then I might recommend investing in a less expensive altcoin.
With $ 30, the percentage of profit he gets will not be too big, and the value of the profit he can get is directly proportional to the value of his investment. the higher the investment he gives, the greater the potential for profit. however, the risk is also greater.
If your friend is as consistent in investing as he would be in investing the $30 he has in bitcoin, then that's a good move. however, if he is only out $30 and trying to increase his value from $30, then I might recommend investing in a less expensive altcoin.
Even if $30 is a small amount, it is still worth to make him familiar with the buying process, using a wallet.... Then it's up to him to believe in the project and invest more.
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.
If $30 is what he can afford to start investing in Bitcoin, why not? Isn't it good that he just want to try first in small value to experience investing in Bitcoin? It might really different for some investors who started with huge capital but it's not an issue here. What matter is he started his journey regardless of the capital he use to buy, it's the start for him to grasp how it really works. Then he can decide later on if he wants to continue buying more, the market is unstable and there's always a chance to buy Bitcoin if there's a correction.Just guide him so that he will not be tempted to commit a wrong decision along the way, that's what you can do to help him to be on right path.
Any amount would do. Having the thoight or even having the courage to spend a dime investing not only to Bitcoin but also with other form of investment should already be something to be proud of. You are not required to go up against other bigger investors in this industry. You just have to bet for your own sake. Any amount will do as long as you would be determined and dedicated to wait for its potential profit but ofcourse things will have limitations; the bigger the investment, larger the profit. So if you think the amount you would invest is not as big as what you actually desire then atleast manage your expectations on the profit potential. But again, what is important is the idealization to invest which can be used over future endeavors.
~snip~
Yes, with this he can start to know about Investing and Bitcoin, starting from how it works and some other knowledge, maybe $ 30 is a small number but this doesn't matter, because even though the numbers are small at least they will have a good cycle year what actually happens in the investment later.
Yes, with this he can start to know about Investing and Bitcoin, starting from how it works and some other knowledge, maybe $ 30 is a small number but this doesn't matter, because even though the numbers are small at least they will have a good cycle year what actually happens in the investment later.
It can be the first step in a long Bitcoin life. That person might change their jobs and start getting paid in Bitcoin. Who knows, maybe that small decision in the present might create a bright future for you.
The amount is not that important, what matters is to start. Time is key for Bitcoin, so it's a good thing to start as soon as possible.
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