Is $30 dollars worth starting bitcoin? - page 9.

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Quote from: Oneandpure on April 19, 2023, 08:13:49 AM

Correct me if wrong, seems $30 is not really worth for investing in Bitcoin on current price because need more higher price later in want earn much profit from OP amount investment. I think $30 is worth for investing in shit coins, however today and last day have hype with ArbDoge coins pump drastically more than 300% without one week.

Today have another coins hype with PEPE coin but not really recommended investing right now on both coins because have reached higher price, I don't recommended without risk when investing in shit coins but have worth and faster profit returning than you invest in Bitcoin with amount $30, its not mistake starting invest in Bitcoin with 30$ but need more patience waiting more than longer time to get profit than investing in shit coins.

You are not wrong because everyone has different views and ways of investing, you don't need to be like anyone else, just be yourself. I also don't have a problem with someone getting started with bitcoin with as little as $30 because everyone's income and economic conditions are different.
But if it were me, I wouldn't invest, and instead, I would start learning everything about the market and try to make more money before investing. Or another solution, I'll invest in shitcoins, the meme craze is back, and I'll try my luck, and of course, I'm willing to lose that $30.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 AM

-snip-

What do you think about my advised to him?

In general I think what you have to say is good advice.
You don't only explain the positive impact, but you also provide an explanation regarding the negative impact.

We cannot foresee what will happen with the market situation. If anyone has invested in Bitcoin at a purchase price much lower than $30K, then they have doubled their profits by now.
Those of us who have just started with a buy price of $29K - $30K still have a chance between losing money and making a profit if the sell price exceeds the current price.

Within 24 hours, Bitcoin experienced a decline in price. For me, the current condition is just a test in the midst of optimism that there will be a higher increase.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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?

My advice to you, it's okay for initial capital with $ 30 I think you are better than me, because in the past I started investing in bitcoin less than what you are doing now, as reinforcement from friends who give their views on investing in bitcoin you just need to do it consistently and don't ever think about selling in the near future, investing in bitcoin if you want to reduce the risk is higher by holding it for the long term, especially this year the halving is still far away and you can continue to save in bitcoin or invest in bitcoins to get better progress in your investment in bitcoins until you have enough bitcoins that you have to enjoy the results.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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?

We can start with small capital first to train the mentality that the market will definitely give, never start with big money and you are afraid of losing it, in the bitcoin market there are price fluctuations which will certainly give you panic sell or fomo pressure on things going up That kind of thing is bad in my opinion, even if you start with $ 30 if you do it regularly every week or twice a month or once a month for a year the bitcoins you have will certainly be more, speaking of progress depending on whether you do it consistently or not in doing invest in bitcoin, if you hope that with a capital of $ 30 you can make your finances better I think you are just hallucinating, but it will come true if you do it in 2011.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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.

For an initial step of $ 30 it is also good enough to invest in bitcoin, because investing in bitcoin in the early days what is more important is to gain experience and knowledge first, and for profit it is secondary.
In investing in bitcoin, I suggest you don't have big ambitions first, because that can mess up your concentration in thinking clearly. You can be ambitious, but just enough, just to get excited.
if you want to invest in bitcoin, don't wait to get rich first, but invest what you can afford, so you can feel what it's like to invest from the lowest point to the highest point.

And later all of that will be a very valuable lesson in your bitcoin investment journey. Don't feel like you won't succeed, just because of small capital, keep the spirit and don't give up.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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.

A 30$ start isn't a bad thing already.

I still remember when I started investing into Bitcoin. I started way lesser than your friend (I assume that it's your friend). I invested I think around $20 only to invest into Bitcoin, and I can't forget that time because when I bought it, it was February of 2018, and for those who are into cryptocurrency at that time, or even not you can see what happened on that year. Cheesy

Now with regards to your friend, 30$ is a good start already I would say (I said it because 30$ is a huge money already).

Quote from: Godlovesyou on April 19, 2023, 02:15:09 AM

What do you think about my advised to him?

1. Let him continue to add some more. 30$ today, and then X amount next week or after 2 weeks or next month. Let him do Dollar Cost average since it's the safest approach when it comes to cryptocurrency.
2. Say the truth to him. What I mean is that, tell the truth about how Bitcoin's price moves. Tell him as well that Bitcoin isn't a rich-quick scheme like most people are thinking about it.
3. Guide him. Guide him all the way. Guide him to the point that you can feel that he can invest all by himself already. Guide him since I assume that he is still a beginner. There's no harm in guiding somebody, and it's a good thing since you introduced it to somebody which increases adoption.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 AM

What do you think about my advised to him?

Let's hope that he does not take your advice the wrong way as a discouragement and then decide to want to wait till he has like $100 for him to invest. It is good if he starts with the $30, but it will bad if just leaves the $30 like that without trying to increase it by adding more. Deciding to keep a $30 investment in bitcoins is a big waste of time, but deciding to invest $30 regularly for a period of time in bitcoins will be very profitable. Ensure your friend understands this.

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Do the math OP. 2,5x from here is already a new all time high. How much will we go up in this cycle, by 2025? 3x? 4x? 4x would be 120 000 dollars, so I don't think we're going far beyond that. Some people predict 150, some 200, but even at 150 you're 5x up so your 30 dollars is going to be wort 150. Is 150 a satisfying profit for you? Will this change your life in any way?

You can of course buy bitcoin with $30, just as you can buy it with $10, but that isn't going to make a difference. You'll wait all this time to buy yourself a pair of shoes.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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?

If that is the only amount that your friend can afford, I should say yes and I won't make him encourage to invest more while he is still learning nor I would compare someone who invested $100. Yes, we all know that investing a huge amount will also gain more but on the other side, they risk more as well.
Besides, it was not advisable to start big when we are empty, if we are consistent on $30 like say weekly, it will be going more and bigger. In fact, we can start at $10, or $20, as long as it was not in debt, we're good to go from small to big.

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There are people who wait long enough and ask if the time is right to invest in Bitcoin. So it’s better to start with a small amount today than to wait for a good hour and never wait. Usually, people who are waiting for the right moment do not dare to investst in Bitcoin. So it's better to start with a small amount today than to wait for a good hour and never wait. Usually, people who are waiting for the right moment do not dare to invest. 30 dollars is not a great amount, but at this time, the owner's motivational impulses become a good psychological factor to continue his investment. In addition, realizing that the amount is not large, the owner has a great opportunity to learn without the risk of large losses, which in the future can lead to the correct distribution of funds.

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Correct me if wrong, seems $30 is not really worth for investing in Bitcoin on current price because need more higher price later in want earn much profit from OP amount investment. I think $30 is worth for investing in shit coins, however today and last day have hype with ArbDoge coins pump drastically more than 300% without one week.

Today have another coins hype with PEPE coin but not really recommended investing right now on both coins because have reached higher price, I don't recommended without risk when investing in shit coins but have worth and faster profit returning than you invest in Bitcoin with amount $30, its not mistake starting invest in Bitcoin with 30$ but need more patience waiting more than longer time to get profit than investing in shit coins.

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That is based on various factors. Considering the current miner fees of 50 cents to 2 bucks per byte that too give and take based on how fast you want the transaction to be executed. Keeping this in mind you can easily own 5-10 bucks without any trouble. Surely, $30 is easy to get started with it.

You can also check up with dollar conversion rate of your country. If you are from fairly good country with equal conversion rate then above rates are just fine for you. If you are having higher conversion value then you can reduce accordingly.

Bitcoin is really something which you can keep buying in chunks that is sats and have bigger investment with the time.

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Yes, that is correct. The amount that someone invests in Bitcoin will affect their potential returns. If someone invests a small amount, such as $30, the potential returns will be limited by the small initial investment. This is because the percentage gains or losses on a small investment are smaller than on a larger investment.

Additionally, the cryptocurrency market is highly volatile, and the value of Bitcoin can fluctuate greatly over short periods of time. When the market is down, the value of the investment will decrease, and the investor may experience a loss. It is important for investors to understand the risks associated with investing in cryptocurrency and to only invest what they can afford to lose.

Finally, it is always recommended to do proper research and seek professional financial advice before making any investment decisions.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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?

That depends. Does the person with 30 dollars want to make more money in the near future or does he need the 30 dollars right now for something important, like paying his bills or buying food?

If the 30 dollars are completely unneeded and can be invested then he is wasting time by not buying Bitcoin and letting that Bitcoin sit in his wallet for at least a few years.

Realistically he could see that 30 dollars become 300 dollars within a couple of years. Maybe even less, depending on how well the market is doing and what kind of adoption rate Bitcoin is experiencing.

Either way, not investing in Bitcoin is definitely a lost opportunity, from my perspective. 30 Dollars definitely is not below the minimum amount you can invest.

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There is nothing too small for you to start your journey in cryptocurrency. You can buy Bitcoin as low as $30 and keep buying whenever you have the fund to keep it on a steady peace. We can decided to start as a small investors and we time we can increase our portfolio depending the kind of investor we want to be. There are even some traders that started the cryptocurrency journey with small fund and they are able to increase it with time depending on what they really want from the market.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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?

Take another approach. See this as a mid / long term investment and if you take that approach, you don't have to deal with volatility. See it as a storage of value. Buy and save it. Buy and save it over and over again. You can do that with apps like Peach or Relai. For instance, instead of putting 50 bucks aside on your bank account, you can make monthly investments with Relai, for instance for those 50 bucks. It will bring you more happiness in the future than hassling now with buying and selling every other day!

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 AM

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it

Your friend can start with $30.

First, $30 is not too big but it is good enough to have an experience, and if he loses it, it is not a big cost.

Second, you should inform your friend that with $30 and a probability that Bitcoin makes a new all time high like $120,000, it will be x4 from today price. If Bitcoin makes it, from $30 initially, your friend will have $120. Will he think it is good?

If possible, your friend should do dollar cost averaging with more additional $30 with many times of DCA in future to increase his portfolio value. Then he will gain bigger profit when Bitcoin makes $120,000.

https://dcabtc.com/

Also please share your experience with DCA to your friend.
I stack bitcoin every week.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 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.

You advised your friend good, $30 may seems like a low amount for most of people, but for some that is a a lot of money and everyone should invest the amount they feel comfortable with. Starting with smaller amount is even better as that person will have a chance to learn about bitcoin without fear to lose big amount if he do something wrong.

Quote from: SOKO-DEKE on April 19, 2023, 04:16:00 AM

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.

Some people prefer to invest and learn from practice rather than reading for weeks just so he can buy bitcoin. You dont have to be expert in order to invest in bitcoin, basics on how to store and how to send are enough.

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Quote from: Godlovesyou on April 19, 2023, 02:15:09 AM

What do you think about my advised to him?

One cardinal feature of Bitcoin is that it is non-discriminatory because it allows everybody to invest in the sector. $30 for a start is not a bad idea but he shouldn't expect much from this small investment. I don't know how long it took him to save these funds but with determination, he can do more. I encourage him to keep saving and increase his Bitcoin holding. If he keeps saving and investing, he will be surprised that his investment has grown to a high level. If he shouldn't thinks that his $30 will make him rich overnight because the more you invest the greater the chances of making more profit if the market is favorable.

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In this condition, I think whatever it is actually when it's in bitcoin, actually it's still very good.
But of course the thing that must be understood is actually not the nominal amount that must be thought about, but of course the readiness that we must have with all the risks whether we can afford to be here or not.
On the other hand, the thing that needs to be considered at this time is that everything has a portion, if indeed the nominal is large then indeed the profit portion is also possible to be large and vice versa, it's just that we need to feel aware that being here is not to get rich instantly because something like that is impossible to happen.

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