What is the minimum amount to start as a trader? - page 19.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: Monkey Luffy on February 26, 2016, 05:06:28 PM

What is the minimum amount to start as a trader?

Nothing. You should make trades on paper for a month or so to prove to yourself that you have some skill at trading before you put bitcoin at risk. If you cannot make money on paper with no stress you sure as hell will not be able to do it when you have bitcoin at risk. When you make a trade decide how much you are willing to lose if the market goes against you and set a sell stop. Every trader has losses, the key is to keep them small and let your winners ride.

icecube45

legendary

Activity: 1218

Merit: 1000

Minimum? go all in!

That's what I did, never looked back!

BitcoinPaw

sr. member

Activity: 588

Merit: 250

I am think that you can start from any amount of money but you need to know that after trading only one person winning. Be careful and good luck to you and you buisness .

richmcrich

hero member

Activity: 1120

Merit: 507

You can generally start with any amount, that's one of the advantages of bitcoin of not having a minimum but the exchanger fees would be eating in your money if you are using less than 1 BTC since some have fixed fees IMO.

zodiac3011

hero member

Activity: 770

Merit: 500

I myself do trading as my hobby. I usually trade bitcoins to fiat and vice versa somewhere around $100. That amount is not really much but enough to make some small profit with free money (I mean not using for any purposes yet). However it still depends on yourself but I still suggest at least $100

diodio5

hero member

Activity: 490

Merit: 500

Quote from: hasiramasenju on March 22, 2016, 11:08:04 AM

i think minimum amount for started trading is depend on your financial capability because you still can start trading with low amount less than 0.001 btc but the profit also will very small and my advice if you want to start to trading you must have at least 0.1 btc for your first capital

yeah one of the factors for you can get a lot of benefit is large bankroll or capital to trade.
but do not forget the greater the capital that you have. you'll get chances of losing more bitcoin.
so bankroll should adjust to your ability

sallymeeh27

full member

Activity: 210

Merit: 100

www.secondstrade.com - 190% return Binary option

When I was supposed to join a trading business they ask me for a required amount of $1000 which is that I did'nt realize that they are actually on a promo. I guess thats the reason why they want me to join for a low amount. But then when I made up my mind to join they told me that promo period ends so the required amount is $5000, now I cannot really join, just sharing my experience.

szenekonzept

legendary

Activity: 2100

Merit: 1012

Europecoin Financecloud API

Quote from: mrhelpful on March 22, 2016, 05:01:41 PM

Quote from: hasiramasenju on March 22, 2016, 11:08:04 AM

i think minimum amount for started trading is depend on your financial capability because you still can start trading with low amount less than 0.001 btc but the profit also will very small and my advice if you want to start to trading you must have at least 0.1 btc for your first capital

I think it should be clear as day to people. To avoid trading if you cant lose what you start with period.

Bottom line if you have whatever amount you start, ask yourself would you still be okay if you lost the "xyz" btc.

Then ask yourself again, could that bitcoin amount could of been better making as a micro loan then taking a chance of what others fail on.

when i was young my father managed to get from me a promise, to never put a cent into gambling, but only gamble with resources, that come from gambling.
Because at that time, i considered Bitcoin as gambling, i built EVERY Satoshi i have, upon filling QR-Codes and Dicing the scraped satoshi.
I needed over a year to be able to start trading with 0.03 BTC, but that year, gave me the opportunity to make friends, understand the community and feel and live other active members storys.
THAT kind of understanding/experience is, what everybody should get, before trading Altcoins. Today, i usually recommend new members to start crypto by reading other altcoins bountys and to start engaging, is gives you the needed experience AND make you earn your funds. Best to start earning in an economy is being PART OF THE ECONOMY
(Bitcoin is something different, because it does not change because of small social issues, but for BTC you need more money)

take care of yourself, while trading and having fun,
I love this place, but its not the wild-west, its the freaking saloon
so long Matthias

.

bakingbad

full member

Activity: 197

Merit: 100

for trading you usually dont have to have a lot of bitcoins as you can buy and sell small amounts of other cryptos for sure

i remember having 0.05 bitcoins only and making some small profit out of it from time to time, even though it wasnt worth my time i spent

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: hasiramasenju on March 22, 2016, 11:08:04 AM

i think minimum amount for started trading is depend on your financial capability because you still can start trading with low amount less than 0.001 btc but the profit also will very small and my advice if you want to start to trading you must have at least 0.1 btc for your first capital

I think it should be clear as day to people. To avoid trading if you cant lose what you start with period.

Bottom line if you have whatever amount you start, ask yourself would you still be okay if you lost the "xyz" btc.

Then ask yourself again, could that bitcoin amount could of been better making as a micro loan then taking a chance of what others fail on.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: knowhow on March 22, 2016, 04:47:59 PM

This doesnt required an high ammount to start,the thing is what you really wanna do ?Are you trying to get a life of bitcoin doing trades?If yes well you will need atleast 50 -100btc to be able to get a good result.

Only a very few people have that many Bitcoins, the majority of the people trade with less than 2BTC and are happy with profits of around 10% which actually isn't that bad if you manage to do that every month.

knowhow

hero member

Activity: 560

Merit: 500

This doesnt required an high ammount to start,the thing is what you really wanna do ?Are you trying to get a life of bitcoin doing trades?If yes well you will need atleast 50 -100btc to be able to get a good result.

Herbert2020

legendary

Activity: 1946

Merit: 1137

well, it is obvious that the bigger you invest as a trader the bigger you can earn. for example buying bitcoin at 400 and selling at 410 is both possible with $10 and $1M you pay fees as a percentage so doesn't matter in fees but you will earn smaller profit on $10 rather than 1 mil.

but also you will risk less money in this volatile market, so i guess it depends on your capabilities (risk management and ...) and how much money you have at your disposal.

hasiramasenju

legendary

Activity: 980

Merit: 1000

i think minimum amount for started trading is depend on your financial capability because you still can start trading with low amount less than 0.001 btc but the profit also will very small and my advice if you want to start to trading you must have at least 0.1 btc for your first capital

knowhow

hero member

Activity: 560

Merit: 500

Well its all a question how much you can afford to invest to start trading.I hade invested at bitcoin around 1 btc to start and i had roi on the first investment i made ,with the profit i were trading and lending it now,the first investment has returned to my bank as fiat once again,soo its all a question how much you can start with.

calkob

hero member

Activity: 1092

Merit: 520

i dont think there is a minimum, i have traded less than a bitcoin buying altcoins for a few satoshis and then selling them for hundreds, but i suppose its all about your appetite for risk.

ivanst776

legendary

Activity: 1540

Merit: 1003

Quote from: Monkey Luffy on February 26, 2016, 05:06:28 PM

What is the minimum amount to start as a trader?

First you need to trade with low amounts to understand some trading concepts, the low amount i consider 0.1+ then increasing the budget time by time would be good and starting from 0.5-1BTC i consider the minimum on trading, by this time you almost understood how to trade and there is a lower risk.

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

I started trading altcoins with exactly 1 BTC. The minimum allowed is much lower, but you have to think that the less you trade, the less you will gain (or loose). So, it's more about how much risk you're willing to take.

If you want to trade stocks, you need more than that.

sase007

sr. member

Activity: 364

Merit: 250

Quote from: Monkey Luffy on February 26, 2016, 05:06:28 PM

What is the minimum amount to start as a trader?

The minimum measurement of a certain currency!
1 Satoshi
1 Cent
1 Pence

Why else would these small measurements exist if you couldnt use them for trading?

jack1111

hero member

Activity: 924

Merit: 500

I advise you to start with small amount even if you have good amount , then you can increase your trading volume slowly

Topic: What is the minimum amount to start as a trader? - page 19. (Read 21170 times)