Is it actually worth buying btc of 50€? - page 3.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: FabulousZombie on September 16, 2017, 01:25:31 AM

Hello, I am actually a university student and my budget is kinda limited(a lot) so I was thinking. Is it worth to actually buy btc worth of 50€ right now?
My friend told that it's troublesome for just that amount of money(to actually buy when I get more and the price falls low again . But I am worried in case I lose this chance now, because who knows when btc will reach 600€ again? Years? Months? Never? Even if the prices goes to x2 I think it's a pretty good deal)
What do you think?

Your friend's probably right in the sense that the trouble needed to get verified on an exchange could be bothersome, depending on where you come from. Also, to scout for a good price for 50 EUR might be tough. Why? Because most types of exchanges take a flat fee plus percentage. It doesn't seem like a lot when buying hundreds or thousands of dollars worth, but if you have to pay a $5 fee to deposit your cash for the trade, you lose 10% immediately.

My suggestion: localbitcoins. Most sellers allow online payments, go for an escrow. You'll get your full 50 euros worth (at the trading price) and it costs very little to withdraw coins out of LBC to your own wallet.

BTW, I complete my first year of being in Bitcoin today. Exactly one year ago, it was around $600. Had I had bought $50 worth then, I'd have about $300 now.

Beicin

full member

Activity: 182

Merit: 100

My strategy is buying a little bit every month! Invest what you can afford to lose and relax, because bitcoin will grow much more in the near future - dont stress with the dips and crashes, it'll bounce back stronger

Prince8

member

Activity: 102

Merit: 10

just start buying and keep buying whenever you can

Rinaze

full member

Activity: 322

Merit: 100

Quote from: RamBahadur.Gurung on September 16, 2017, 12:29:37 PM

The biggest problem with Bitcoin is that people don't understand that it can be divided by 100 million. Many think that if you want to purchase BTC, you have to go for one full coin (which is trading at $3,650 right now). That is not true. You can even purchase BTC0.100 or even BTC0.001.

I think he knows that but he's actually asking if it's worth buying and keeping 50€ worth of BTC. Like someone had mentioned, the most BTC could rise would be highly likely x10 only in the next decade. The worth is up to your belief in my opinion, try to read up and find out more on BTC before deciding for yourself.

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

The biggest problem with Bitcoin is that people don't understand that it can be divided by 100 million. Many think that if you want to purchase BTC, you have to go for one full coin (which is trading at $3,650 right now). That is not true. You can even purchase BTC0.100 or even BTC0.001.

1NV3ST0NM3

full member

Activity: 420

Merit: 110

Quote from: FabulousZombie on September 16, 2017, 01:25:31 AM

Hello, I am actually a university student and my budget is kinda limited(a lot) so I was thinking. Is it worth to actually buy btc worth of 50€ right now?
My friend told that it's troublesome for just that amount of money(to actually buy when I get more and the price falls low again . But I am worried in case I lose this chance now, because who knows when btc will reach 600€ again? Years? Months? Never? Even if the prices goes to x2 I think it's a pretty good deal)
What do you think?

Just like you I also began my btc investment with such a low investment and it has tripled itself till now. Dont hesitate in investing any amount. Once you buy bitcoin you will see a whole new crypto world ahead of you with endless opportunities.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

I started with $30 every week and been buying ever since. Recently just stopped because of the high price and my funds are focused into other ventures. The thing is it's never too late to get into something even if it's crowded. There's still a chance to get some profits in the long run if you're a patient person. I myself believed that it was a waste buying into $200 thinking that it's a dead coin anyway, but apparently the smarter side of me just bought while I can and I have the best decision of my life.

Dhaaaw

full member

Activity: 140

Merit: 100

No matter how much you have even if you can spend a spare 10$ a week, it's always a good idea to get bitcoin plus the price is going down so you'll make a good profit in no time that's how most people started most of us don't have thousands to invest we're just random people with hopes to get rich.

guillzini

full member

Activity: 476

Merit: 100

I don't like giving out advice because I don't want to be responsible for people losing their money on my bet, which could always happen.
The only advice I ever give:

Don't invest more than you are willing to lose!

I understand as a student, you don't want to lose anything, but you have to understand that investing comes with a risk. Especially cryptos are very volatile. If you're not comfortable with that, you should put your money in a savings account.

If you do jump into this, regard your €50 as lost and you will not be disappointed, ever!
It's too bad you just missed the dip to €2600 yesterday, which to me was a good deal. It's up to you now to figure out when you wish to jump in.

In short: yes, it can be worth it in the long term. €50 is actually a perfectly fine amount to get your feet wet and test your nerves

Hope this helps a bit. Good luck!

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: FabulousZombie on September 16, 2017, 01:25:31 AM

Hello, I am actually a university student and my budget is kinda limited(a lot) so I was thinking. Is it worth to actually buy btc worth of 50€ right now?

yes it is worth it but it can prove to be a bit hard to do. because usually people are not selling that small amount of bitcoin and fiat transfers are a pain in the ass.
of course since you apparently already have a friend in bitcoin you can buy bitcoin from him. for example if he has an account on an exchange with funds you can ask him to give you 50€ worth of bitcoin and you pay him in cash.

Quote

because who knows when btc will reach 600€ again? Years? Months? Never? Even if the prices goes to x2 I think it's a pretty good deal)
What do you think?

it will not go low, specially that low you have in mind

and even 2x is not going to be a huge profit! what is that 100€ ?

Simple_Man

member

Activity: 163

Merit: 11

Quote from: FabulousZombie on September 16, 2017, 01:25:31 AM

Hello, I am actually a university student and my budget is kinda limited(a lot) so I was thinking. Is it worth to actually buy btc worth of 50€ right now?
My friend told that it's troublesome for just that amount of money(to actually buy when I get more and the price falls low again . But I am worried in case I lose this chance now, because who knows when btc will reach 600€ again? Years? Months? Never? Even if the prices goes to x2 I think it's a pretty good deal)
What do you think?

Bitcoin price is really dynamic. So if you buy today at some price, that may fall tomorrow, but it can also increase day after tomorrow. You are young at age so you can actually think of long term. I am sure, bitcoin will not disappoint you in longer term. But if you are trying to make quick profit, then it is up to your fate. But if you are thinking long term, go ahead and buy bitcoin.

tyuner4

full member

Activity: 322

Merit: 179

Quote from: FabulousZombie on September 16, 2017, 01:25:31 AM

Hello, I am actually a university student and my budget is kinda limited(a lot) so I was thinking. Is it worth to actually buy btc worth of 50€ right now?
My friend told that it's troublesome for just that amount of money(to actually buy when I get more and the price falls low again . But I am worried in case I lose this chance now, because who knows when btc will reach 600€ again? Years? Months? Never? Even if the prices goes to x2 I think it's a pretty good deal)
What do you think?

IMO, it is worth to buy 50€ worth of BTC now but if you intend to send your BTC to another wallet for storage, you have to take into consideration of the transaction fees. And remember not to store BTC in an exchange if you intend to keep for long term.

valentin68

full member

Activity: 459

Merit: 104

My advice for you is to buy 40 Euro Bitcoin, 7 Euro Litecoin and 3 Euro Dogecoin. Bitcoin is very old and the best you can get from a new price growth is 10x (maybe in 3-5 years), but litecoin and dogecoin are at the beginning. A 100x price growth of either Litecoin or Dogecoin in 1-3 years will be better, isn't it?
So go also into some alt-coins with 10-20% of what you have for bitcoin buying.

xdev

jr. member

Activity: 59

Merit: 10

Sure, why not?

If you buy at the right time you could make a decent profit eventually.

If you have time to daytrade you could probably make some starting profits the coming weeks as I sense the price of BTC will continue to be affected by Chinas regulations

Mike011

full member

Activity: 312

Merit: 104

I beleive that what he meant was to buy as much as he can BTC for 50 euros...

dlorah111

full member

Activity: 148

Merit: 100

Ofcourse it is. Just buy 50 now and buy again next month again.
I think most people don 't have thousands of dollars to spare to buy large amounts at once.
I know I don 't. Familie and mortgage have to be taken care of also.

FabulousZombie

member

Activity: 65

Merit: 10

Hello, I am actually a university student and my budget is kinda limited(a lot) so I was thinking. Is it worth to actually buy btc worth of 50€ right now?
My friend told that it's troublesome for just that amount of money(to actually buy when I get more and the price falls low again . But I am worried in case I lose this chance now, because who knows when btc will reach 600€ again? Years? Months? Never? Even if the prices goes to x2 I think it's a pretty good deal)
What do you think?

Topic: Is it actually worth buying btc of 50€? - page 3. (Read 1255 times)