Initial Investment Amount

[dummyichigawa]

Hello Bitcoin users! So i've decided to pull the trigger and set myself a coinbase account to start investing in Bitcoin and other cryptocurrency. I'm excited explore this new finance endeavor and by doing so I would like to get some initial knowledge. Everyone is welcome to chime in on this but what are you guys' opinion for someone like me starting out would be an ideal amount of investment.

I know for the most part majority will probably advise to start on what I'm comfortable with however I'm mainly looking for an ideal quantifiable range based on how much is Bitcoin is going for or other cryptocurreny for that matter. What's too little and what's too much for someone whose in the beginning stages of investing. Thank you.

[CryptoGFX]

I'd suggest you initially experiment with an amount you're willing to part with for an indefinite period of time. You can use that as your testing ground until you have a stronger grasp / clearer goal in mind regarding what you want to get out of investing in cryptos (and how you plan to do it). If there's an ideal, quantifiable range or amount to invest, I think it would vary greatly depending on the individual, and can change based on several factors. Some might include how risk-averse an individual is, how much insight or trading experience they have, their amount of income, savings, expendable funds available, etc.

[BTCLovingDude]

nobody can possibly tell you "how much"! because it depends on you and how much money you have and how much of it are you willing to invest.
maybe you are rich and your starting amount can be 1 million dollar.
or maybe you are poor and can only invest 20 bucks.
or in the middle

what matters is that you first learn about bitcoin, then understand the risks involving your investment and then invest what you can afford to lose.

[pedrog]

The ideal initial amount is 0 (zero), you earn some coins in airdrops, giveaways or doing some simple tasks online and then you build your portfolio from there.

That's how you really learn to navigate in bitcoinland.

If you have enough money to invest, money your can afford to lose, then just buy bitcoin every month, sit on it, and in a few years you'll have a nice sum of money.

[goinmerry]

Hello Bitcoin users! So i've decided to pull the trigger and set myself a coinbase account to start investing in Bitcoin and other cryptocurrency. I'm excited explore this new finance endeavor and by doing so I would like to get some initial knowledge. Everyone is welcome to chime in on this but what are you guys' opinion for someone like me starting out would be an ideal amount of investment.

I know for the most part majority will probably advise to start on what I'm comfortable with however I'm mainly looking for an ideal quantifiable range based on how much is Bitcoin is going for or other cryptocurreny for that matter. What's too little and what's too much for someone whose in the beginning stages of investing. Thank you.

Are you planning on bitcoin long term holding or will do trades regularly? If you plan on long term holding then I suggest that after you buy bitcoin at Coinbase, transfer it to a bitcoin wallet wherein you control your private keys and no one controls your funds but you. Desktop and Hardware wallets will do. Examples are: https://bitcoin.org/en/choose-your-wallet . If you plan to do trades based on your instincts then you have no choice but to deal with trading platforms. Take note that once you used an trading site, you don't control your funds there so risk of losing is possible but it's not wrong to trust them.

Ok what's more. Learn all the risks along the way. You don't need to study that much as basic knowledge is enough since some things will be automatically learn as you move forward.

[eternalgloom]

The ideal initial amount is 0 (zero), you earn some coins in airdrops, giveaways or doing some simple tasks online and then you build your portfolio from there.

That's how you really learn to navigate in bitcoinland.

If you have enough money to invest, money your can afford to lose, then just buy bitcoin every month, sit on it, and in a few years you'll have a nice sum of money.

Is it really possible for newbies to earn any significant amount of coins through airdrops or giveaways? I mean actual Bitcoin, not some obscure ICO that gives away a few of their tokens.

I tried some faucets and stuff myself when I first started, but quickly found out that they weren't worth the effort and I just bought some coins for a couple of hundred dollars after a few days.

I've never lost any, so it can't be too hard for a newbie to learn about Bitcoin after making a small investment.

Though this was before the fees were so high, so I guess you could make some mistakes with that now.

[kier010]

investing comes with great risk so if you really want to do it, invest only what can you afford to loss. there is always up and down so be ready for the loss and gain. it is better to invest a small amount first and it would be great if you have knowledge in trading.

[matuson]

It seems to me that if you have no experience in investing then the best option for you would be training on a demo account. You should always remember that in order for someone to earn money on the stock exchange someone has to lose them.

[sa3loo]

the Golden Rule of Investment is
invest what you can  afford to loss
I wish you good luck.

[pedrog]

The ideal initial amount is 0 (zero), you earn some coins in airdrops, giveaways or doing some simple tasks online and then you build your portfolio from there.

That's how you really learn to navigate in bitcoinland.

If you have enough money to invest, money your can afford to lose, then just buy bitcoin every month, sit on it, and in a few years you'll have a nice sum of money.

Is it really possible for newbies to earn any significant amount of coins through airdrops or giveaways? I mean actual Bitcoin, not some obscure ICO that gives away a few of their tokens.

I tried some faucets and stuff myself when I first started, but quickly found out that they weren't worth the effort and I just bought some coins for a couple of hundred dollars after a few days.

I've never lost any, so it can't be too hard for a newbie to learn about Bitcoin after making a small investment.

Though this was before the fees were so high, so I guess you could make some mistakes with that now.

Of course it is, just keep accumulating and don't expect to retire after a month or a year, but after 2 or 3 years, those accumulated coins will be worth quite an amount of money, of course it requires to learn how to trade, don't keep shitcoins forever, but some are good projects and value will increase a lot.

[eternalgloom]

The ideal initial amount is 0 (zero), you earn some coins in airdrops, giveaways or doing some simple tasks online and then you build your portfolio from there.

That's how you really learn to navigate in bitcoinland.

If you have enough money to invest, money your can afford to lose, then just buy bitcoin every month, sit on it, and in a few years you'll have a nice sum of money.

Is it really possible for newbies to earn any significant amount of coins through airdrops or giveaways? I mean actual Bitcoin, not some obscure ICO that gives away a few of their tokens.

I tried some faucets and stuff myself when I first started, but quickly found out that they weren't worth the effort and I just bought some coins for a couple of hundred dollars after a few days.

I've never lost any, so it can't be too hard for a newbie to learn about Bitcoin after making a small investment.

Though this was before the fees were so high, so I guess you could make some mistakes with that now.

Of course it is, just keep accumulating and don't expect to retire after a month or a year, but after 2 or 3 years, those accumulated coins will be worth quite an amount of money, of course it requires to learn how to trade, don't keep shitcoins forever, but some are good projects and value will increase a lot.

I don't know, I think these freebies aren't really worth the effort, unless you happen to find something really good, which doesn't happen too often.

Time spent on this kind of stuff could be put to so much better use, perhaps learn a valuable skill which you could then offer in return for Bitcoin.

If I had to choose between spending a week looking for giveaways or other free crypto-related stuff or spend that time learning how to build a website or programming, I'd choose the latter. It's a far better investment of my time.

[flower1024]

The ideal initial amount is 0 (zero), you earn some coins in airdrops, giveaways or doing some simple tasks online and then you build your portfolio from there.

That's how you really learn to navigate in bitcoinland.

If you have enough money to invest, money your can afford to lose, then just buy bitcoin every month, sit on it, and in a few years you'll have a nice sum of money.

Is it really possible for newbies to earn any significant amount of coins through airdrops or giveaways? I mean actual Bitcoin, not some obscure ICO that gives away a few of their tokens.

I tried some faucets and stuff myself when I first started, but quickly found out that they weren't worth the effort and I just bought some coins for a couple of hundred dollars after a few days.

I've never lost any, so it can't be too hard for a newbie to learn about Bitcoin after making a small investment.

Though this was before the fees were so high, so I guess you could make some mistakes with that now.

Of course it is, just keep accumulating and don't expect to retire after a month or a year, but after 2 or 3 years, those accumulated coins will be worth quite an amount of money, of course it requires to learn how to trade, don't keep shitcoins forever, but some are good projects and value will increase a lot.

Yes we have many coins in the market, but not all coins are good to invest. To compare good coins, we have a lot of shitcoins. These shit coins will operate by some group of people these people will always try to cheat new investors. So don't look the price of the coin. Check the project and invest after 2 or 3 years you will get good returns.

[humanCNC]

how much initial investment? It depends on the person, which is the amount you are willing to spend to get the initial experience and you must be willing to give up on failure. It's like tuition when you study any subject. so, it's  depended on you to decide  how much money it is.  but you should only spend small money because you may have to do so many times.

[btcdee]

I don't know, I think these freebies aren't really worth the effort, unless you happen to find something really good, which doesn't happen too often.

Time spent on this kind of stuff could be put to so much better use, perhaps learn a valuable skill which you could then offer in return for Bitcoin.

If I had to choose between spending a week looking for giveaways or other free crypto-related stuff or spend that time learning how to build a website or programming, I'd choose the latter. It's a far better investment of my time.

There's never enough time to do all the nothing you want. 

[pedrog]

I don't know, I think these freebies aren't really worth the effort, unless you happen to find something really good, which doesn't happen too often.

Time spent on this kind of stuff could be put to so much better use, perhaps learn a valuable skill which you could then offer in return for Bitcoin.

If I had to choose between spending a week looking for giveaways or other free crypto-related stuff or spend that time learning how to build a website or programming, I'd choose the latter. It's a far better investment of my time.

Although I have a comfortable trading/investment portfolio and I do have a full time day job, I still make more money from shitcoin airdrops and giveaways than in my day job, a lot more.

If you also do some bounties, you can make really good money.

Check out how much it is worth now NEM, Decred and Ripple airdrops.

[xaviervilla]

Hello Bitcoin users! So i've decided to pull the trigger and set myself a coinbase account to start investing in Bitcoin and other cryptocurrency. I'm excited explore this new finance endeavor and by doing so I would like to get some initial knowledge. Everyone is welcome to chime in on this but what are you guys' opinion for someone like me starting out would be an ideal amount of investment.

I know for the most part majority will probably advise to start on what I'm comfortable with however I'm mainly looking for an ideal quantifiable range based on how much is Bitcoin is going for or other cryptocurreny for that matter. What's too little and what's too much for someone whose in the beginning stages of investing. Thank you.

I can see a lot of people have given great advices. While most of them are nice, some are really good and even i gained knowledge in reading through the replies. But if i were you, i would consider the fact that i am just starting out. And being a beginner, I should learn first the things about at least the most famous coins at this time, then ask advices(which is you already did). After knowing a good amount of knowledge about how things work, i would invest first in my security, like buying an extra device or pc or a vault to store my important details considering i am looking into investing huge amounts of money and time. And gen everything is set, i start investing small and try to get the feel of things that are going on. And when i get used to it, i would increase investments time after time, while trying to learn some more then learn and learn and learn. Knowledge is the most important thing in the crypto world. Well, luck seems to be needed too, so better have them both. So yeah, that's pretty much it. I hope this helps you mate! Good luck. Cheers.

[xskl0]

If you can, Invest more than 1000usd in bitcoin (10% Bitcoin Cash if do you like to diversificate). Wait 12 months and then invest in other cryptos. Do it know because we are going to be a mainstream currency in a matter of months with K.im, Bitcache, lightning network...

[dummyichigawa]

The ideal initial amount is 0 (zero), you earn some coins in airdrops, giveaways or doing some simple tasks online and then you build your portfolio from there.

That's how you really learn to navigate in bitcoinland.

If you have enough money to invest, money your can afford to lose, then just buy bitcoin every month, sit on it, and in a few years you'll have a nice sum of money.

Thanks for the response. What are airdrops? and what examples of giveaways and where to source them?

[Giapmanhdong]

Initial investment is the amount required to start a business or a project. It is also called initial investment outlay or simply initial outlay.

Capital budgeting decisions involve careful estimation of the initial investment outlay and future cash flows of a project. Correct estimation of these inputs helps in taking decisions that increase shareholders wealth.

[Kakmakr]

The Golden rule is, DO NOT invest more than what you can afford to lose. Bitcoin is still a high risk investment and you should always keep that in mind, when you decide on how much you want to invest. I started slowly and invested a small amount. Then within 2 weeks I doubled my initial investment and I was so chuffed with that, I invested more.

Since I have started, I quadrupled my total initial investment with the profits I made and I am trading with profits now. I see this as a risk free Bitcoin portfolio now, because I already extracted my initial investment. ^smile^