starting an investment does not have to use funds with a large value, I think $ 30 is a good value for beginners to learn to invest in digital currency or in bitcoin.
if from $ 30 you are able to understand how the investment process is here, and are also able to read market movements or market analysis then you can recommend it for investment with even higher values later.
Topic: Is $30 dollars worth starting bitcoin? - page 5. (Read 1221 times)
There is no limitation of the amount to be invested it just depends on you income that how much money you can put into bitcoin. $30 are good portion to be invested and as you talk about the profit that $100 will have greater profit than $30 so yes it right but taking start with little amount is also a good option.
If he evaluate his knowledge with this $30 then may be he use more amount of money for bitcoin investment because desire increase when the profit of a person increases. Staring with any amount is better may be its little or more but try to understand about the market with this little amount and do not rushes to make huge income at once with putting overall amount into it.
If he evaluate his knowledge with this $30 then may be he use more amount of money for bitcoin investment because desire increase when the profit of a person increases. Staring with any amount is better may be its little or more but try to understand about the market with this little amount and do not rushes to make huge income at once with putting overall amount into it.
Yeah, I think it's fine to use $30 to simply start to understand how Bitcoin works, how to get it, transfer, etc.
Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.
Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.
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.
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?
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?
That's when leverage kicks in. And it is an advantage of cryptocurrency because it is easily accessible on different platforms such as centralized exchanges like binance. With his $30 he can leverage it into 2x-100x and make a grandeur return. HOWEVER. Leverage is a double edge sword. As much as it is fast to double your money, it is also fast of taking your funds away from you. Your funds can be gone or can be multiplied in seconds. There is no restrictions. Only you set your own rules. That is why most fail
Even $10 invested into bitcoin will bring profit. All that required is the patience and the understanding about the market. People have difference of opinion. One should not consider it an investment to be rich. It needs to be prioritised as an investment for the future. Depending on the amount invested will be the profit. Majority of the people have suggested to go with the DCA technique. This is quite good, because unlike the amount spent and the price of bitcoin, we were able to buy Bitcoin at an average price. One thing to be noted, should not buy for $30 and leave it. Continue to buy at regular time interval.
. Or instead, one can buy and hold. Investing incrementally over a series of times. Little by little, those little investments become a lot. In any case, it is his funds, all risk that he would take must first be his financial decisions.
Honestly, it's too small an amount to invest, and you can't expect you can make tens of thousands of dollars with just $30, bitcoin doesn't provide that feature for you. If you want to become rich with bitcoin, other than you have to have a large amount of capital, you have no other way.
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?
The cool thing about Bitcoin is that you can invest virtually any amount. $30 is not too bad. If you can afford to invest $30 regularly (DCA), like for example every week, you can reach decent results. Of course, a single $30 investment won't take you anywhere far.
~snip~
Frankly, starting with $30 can only help you understand how bitcoin works and acquaint you with some basics like receiving and transferring bitcoins. In terms of returns, I don't think it's a good start. You can't expect to make huge profits with just 30$, bitcoin is not a pump and dump game like shitcoin, not a vehicle to get rich quickly with small capital. If 10 years ago, that amount of capital was indeed a good start to hold bitcoin, but now the price is high, with that small amount of capital, it is difficult to do a miracle.
Frankly, starting with $30 can only help you understand how bitcoin works and acquaint you with some basics like receiving and transferring bitcoins. In terms of returns, I don't think it's a good start. You can't expect to make huge profits with just 30$, bitcoin is not a pump and dump game like shitcoin, not a vehicle to get rich quickly with small capital. If 10 years ago, that amount of capital was indeed a good start to hold bitcoin, but now the price is high, with that small amount of capital, it is difficult to do a miracle.
Yes, of course.
But starting now with that $30 will put their attention in the right place.
And that will means that their mind will be in the right place, and they will be able to get more Bitcoin in the future.
If they don't use those $30 for Bitcoin time will just pass and they will never put their attention into what's relevant.
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.
I disagree that the lower the capital in your investment, the more the loss. Because the greater your profit, the greater your loss if the price falls in the opposite direction.For example, if you have $100 in capital and profit $30 from a 30% increase in price, you will also lose $30 if the price falls 30%. So, if your capital is $30, you will undoubtedly gain less if it rises, and you will lose less if it falls. Based on my experience with Binance, the minimum trade size is $10USDT. And $30 is more than the bare minimum. I'm not sure what the minimum is on other exchanges.
So, depending on your vision and ambitions, $30 can be a suitable starting point for investing. Some people take it as a challenge in the hopes of increasing their investment if it succeeds.
I like your advice very much especially I think it is best to start small to invest in Bitcoin. For example, if a new investor buys Bitcoin, he must know about the future and past of Bitcoin. If a person is interested in investing his little money in Bitcoin then it is a very good venture for him. And later when the bitcoin market will increase, he will get some profit from his small money and will be more interested to invest his bitcoin later.so I think it is best to invest small and later increase the profit of his investment little by little, he can definitely earn good profit.
If your friend doesn't have any idea to Bitcoin I guess $30 is a good start for him. Let him explore first and be familiarize on how Bitcoin works of course he should have prior knowledge first. Because it's easy to enter the market in any amount, but it will get easily liquidated if he don't have background into Bitcoin. Any amount is a good investment but of course with that amount it will take a long time of process for you to earn a huge amount of profit. That's fine you don't have to rush yourself you could take your time with a slow phase.
Yeah, I think it's fine to use $30 to simply start to understand how Bitcoin works, how to get it, transfer, etc.
Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.
Frankly, starting with $30 can only help you understand how bitcoin works and acquaint you with some basics like receiving and transferring bitcoins. In terms of returns, I don't think it's a good start. You can't expect to make huge profits with just 30$, bitcoin is not a pump and dump game like shitcoin, not a vehicle to get rich quickly with small capital. If 10 years ago, that amount of capital was indeed a good start to hold bitcoin, but now the price is high, with that small amount of capital, it is difficult to do a miracle.
If your friend doesn't have any idea to Bitcoin I guess $30 is a good start for him. Let him explore first and be familiarize on how Bitcoin works of course he should have prior knowledge first. Because it's easy to enter the market in any amount, but it will get easily liquidated if he don't have background into Bitcoin. Any amount is a good investment but of course with that amount it will take a long time of process for you to earn a huge amount of profit. That's fine you don't have to rush yourself you could take your time with a slow phase.
Yeah, I think it's fine to use $30 to simply start to understand how Bitcoin works, how to get it, transfer, etc.
Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.
If your friend doesn't have any idea to Bitcoin I guess $30 is a good start for him. Let him explore first and be familiarize on how Bitcoin works of course he should have prior knowledge first. Because it's easy to enter the market in any amount, but it will get easily liquidated if he don't have background into Bitcoin. Any amount is a good investment but of course with that amount it will take a long time of process for you to earn a huge amount of profit. That's fine you don't have to rush yourself you could take your time with a slow phase.
What do you think about my advised to him?
If a friend asked me how much he should invest in bitcoins for his first investment I would tell him to use as much money as he can afford to lose. 30 USD would be better than 10 USD, and 100 USD would be better than 30. It all comes down to his financial situation and what free money he has available. The best situation to buy bitcoins would be to make constant purchases every month of 50 or 100 USD at least. Another important thing is to remain realistic about the future growth of Bitcoins. When you buy only 30 USD it's not like you expect to make a profit of 50 USD in a few weeks. The times of making high returns overnight are over.
...
What do you think about my advised to him?
What do you think about my advised to him?
Basically, any value is applicable when starting an investment in BTC. Due to its price volatility, its price may either skyrocket or drop depending on several factors both intrinsically and extrinsically. Though some investors prefer to HODL their BTCs in order to maximize the potential gain at the end.
If a person is starting with $30 worth of BTC investment, I do recommend investing it for short-term and cashing it out as soon as the price increases and he is able to recover his initial investment. From there, he can re-invest the amount and take advantage of its price for more gains in the future.
~snip~
What do you think about my advised to him?
What do you think about my advised to him?
Anyone can start to invest in Bitcoin at any amount, depending on the person if they want more profit in the next bull run then they should start with decent capital. As long as you use your money that you can afford to lose then any amount is acceptable, never invest in crypto if you're got in FOMO or just following your best friends since the risks here is really big and you should do some research too.
We should also make sure we keep our money save from people that might want to take advantage of us.
Even $10 invested into bitcoin will bring profit. All that required is the patience and the understanding about the market. People have difference of opinion. One should not consider it an investment to be rich. It needs to be prioritised as an investment for the future. Depending on the amount invested will be the profit. Majority of the people have suggested to go with the DCA technique. This is quite good, because unlike the amount spend and the price of bitcoin we were able to buy Bitcoin at an average price. One thing to be noted, should not buy for $30 and leave it. Continue to buy at regular time interval.
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?
It would really be just common sense that if you do invest small then dont expect that increase or gains would be big.It would really be that subjective into the amount which you are really that investing.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 know that the bigger the better but of course it would be depending on the risks which you could involved on because we know that there's no assurance when it comes to investment plus we do
have that so called risks involved which is something that we do really need ourselves to be aware and be accepting since in the first place. This is why it would really be varying and depending
on how much you do invest on.You would be finding for yourself on how fast or slow you would be gaining or losing.
~snip~
What do you think about my advised to him?
What do you think about my advised to him?
Anyone can start to invest in Bitcoin at any amount, depending on the person if they want more profit in the next bull run then they should start with decent capital. As long as you use your money that you can afford to lose then any amount is acceptable, never invest in crypto if you're got in FOMO or just following your best friends since the risks here is really big and you should do some research too.
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?
Hey mate, I think your response or answer to your friend is not really fair. As we all know bitcoin price increases and decreases by percentage and therefore whatever every investment one puts in is multiplied by the number f percentage increase in bitcoin price likewise when in decline.
Crypto market is a kind of market investment where by when one invest more or higher, the profit in waiting When the market goes up increases too same when the market goes in decline the losses too replicate itself with the volume of the investment. Just as @fivestar4evermvp has explained so it is.
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