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Author Topic: Is there a required amount before you start trading?  (Read 2538 times)
henlity87
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September 15, 2018, 07:34:30 AM
 #81

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?


Nope no required amount you need to have starting in trading
You can start with small amount of bitcoin or capital to start trading but do not expect to got huge profits return
Huge amount investing in trading their also had possible to get huge profits but need to ready for a loses
I don’t think that there is a minimum amount for trading in cryptocurrency. You should from any amount. The matter is not investment capital but the experience, knowledge and skills about good trading. If you are capable of doing affective trading you can make money with less investment but if you do not have any experience, you cannot earn money from trading.
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September 15, 2018, 08:49:13 AM
 #82

You can start as small as $2-3 by trading small alts and flip them for substantial profits.
The only thing you should keep in mind while dealing/trading in cryptocurrencies is that you should bet only what you can afford to lose.

Good luck!
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September 15, 2018, 09:49:27 AM
 #83

You can start as small as $2-3 by trading small alts and flip them for substantial profits.
The only thing you should keep in mind while dealing/trading in cryptocurrencies is that you should bet only what you can afford to lose.

Good luck!

To me,  I feel this $2-$3 is kind of small to make some kind of profit in trading. Yes,  there is no required amount needed for trading, but there is also a limited amount that is minimum for trading. We all know  that one should invest or trade what they can afford or use the money they are willing to use but using pennies to trade is a wasting of time. You will end up buying shitcoins you may not be able to sell.

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September 15, 2018, 10:12:28 AM
 #84

200 dollars is good. But try to trade in secure platforms like etoro. They will create a wallet called etorox soon. If you buy now you will buy crypto from cold storage.
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September 15, 2018, 11:51:47 AM
 #85

I was wondering if there is a required amount of bitcoins you need to have before you start trading?

It actually depends of the type of exchange you are using and the required amount you are referring to is only the minimum amount of BTC or an altcoin you can trade which will be displayed automatically or a pop up will appear once you entered a small amount when buying or selling. You can always try that by putting the smallest number in either buy or sell market without any charging fees.

Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?

There is no required earning per month for a person before he could start buying bitcoin because you can always buy it in any amount you want. Once you converted your fiat currency to bitcoin, the app or trading platform you are using will recalculate everything including the trading fee. If you invested $100 to bitcoin and the current price is $6000 per bitcoin, the calculation is simple.

$100 / $6000 = 0.01667 BTC minus the trading fee

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September 15, 2018, 12:18:02 PM
 #86

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
To the first question, there is no required amount to start trading, but you need something substantial to be able to trade the market to a very good extent. Secondly, you really do not want to consider trading no matter the amount you are trading with if you do not have any knowledge of trading at all and in that vein, you really want to go learn first.

However, with respect to the amount you need to buy bitcoin, that is a decision that is left for you to make, but you can buy any amount as long as you Ok with it, and ready to live with it.

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September 15, 2018, 02:21:32 PM
 #87

In my opinion required amount depend on the abillity people to have money and it could be necessary or not but small amount or big amount not problem for me as long as we don't lost and for me there is no particular percentages to get profit from my initial amount

 
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September 15, 2018, 03:10:40 PM
 #88

Yes, like professional trader's advise : Start to invest with money that we are ready to loss. For rich people, maybe they are ready to loss much money, but in my opinion, they - rich people - must start with 20% of they money. for beginner, I think 20% of theie money is enough to start trading. learning by doing, maybe sometimes we loss, but we will get experience. Also we prepare the rest of our money to buy when cryptocurrency, in this case Bitcoin face big correction.

My Point is :
Use 20% to learn day trading
Use 80% to buy when cryptocurrency face big correction, like Etherium price at present time.

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September 15, 2018, 03:15:33 PM
 #89

I have 20% of my stack for trading and 80% holding. Although my trading amount is growing nicely so that's good!

Old saying of don't trade with more than you can afford to lose always comes to mind.
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September 15, 2018, 03:19:17 PM
 #90

There is no special thing we need to start to trade, walking naturally and always understanding risk is a better thing when we trade, remember that trading cryptocurrencies is different from forex or the other, the price is like a roller coaster.

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September 15, 2018, 08:11:14 PM
 #91

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
You do not need a particular amount of money before you start trading, but you need to consider what kind of profits you would like to make, how many trades you will make per month and how big those trades are going to be, when you take all of that information into consideration then you can calculate the amount of money that you will need to start trading and make profits right away.
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September 15, 2018, 09:35:45 PM
 #92

There is no special thing we need to start to trade, walking naturally and always understanding risk is a better thing when we trade, remember that trading cryptocurrencies is different from forex or the other, the price is like a roller coaster.

Right, this market behaves differently as compare to traditional forex market. Price fluctuations are either your friend or your host enemy here. If you are a inexpereinced traders, sooner or later if will be a expensive lessons to learn. I started around $100 but soon I lost everything and then restarted with a lot of lessons learned with another $100. So far I'm still on the positive side because I sold everything in December 2017.

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maarx
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September 15, 2018, 10:16:43 PM
Last edit: September 17, 2018, 01:57:34 AM by maarx
 #93

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?

I don't think there is a restriction on trading amount. I would say, this depends on the individuals. I would advice the beginner to start trading with small amount. Start with minimum of $500. Just follow this strategy. Choose the best and cheapest coins in the market. coinmarketcap.com would better detail you of coins availabe in the market. Choose minimum 5 coins and invest in them. The profits are assured at atleast on the coins would give your profits. Experts can follow their own strategy.



























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September 16, 2018, 05:47:47 PM
 #94

It shouldn’t, but it goes back to regulatory exchanges. I advise to use small capital in trading, try raise the small capital to many times of the initial amount. It also trains you to know yourself and fight lust.


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September 16, 2018, 07:39:47 PM
 #95

If you want to start trading so you need to some requirement about amount because there are too many exchangers and too many conditions. Some exchanger want to minimum deposit $10 so in a couple of time you need to requirement minimum $10 before start trading. If you visit other exchanger so you can get too many exchanger is requirement minimum deposit $50. So before start trading you must read terms and condition about requirement of trading account.

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September 16, 2018, 09:11:09 PM
 #96

Absolutely not. There isn't a certain amount one should have before starting to trade. It all depends on your personal circumstance, though you should initially start low to learn the market then you can start higher.
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September 16, 2018, 09:41:54 PM
 #97

Absolutely there is no fix amount on this, but in the other hand it depends on the trading skills you have most people are good in day trade most are good in long term. Starting a trade it really requires a good capital for a start so you don't get burnt up if you start with a low capital.

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September 17, 2018, 12:23:05 AM
 #98

the amount needed to start trading is the more money you invest, the more profit you get. the higher the risk you will get with large capital,
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September 17, 2018, 01:51:56 AM
 #99

It shouldn’t, but it goes back to regulatory exchanges. I advise to use small capital in trading, try raise the small capital to many times of the initial amount. It also trains you to know yourself and fight lust.
For beginners, yes indeed as aggressiveness if doesn't been controlled well it will end up losing your investment, better to have small capital and learned
those fundamentals of growing your money, you can always adds up your investment when you fully understand and knows how to control well, though
we do have different perspective and understanding but one thing is mostly common to us, we have emotions that needed to be well carried while inside
this market.



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September 17, 2018, 02:33:01 AM
 #100

Of course not. If you want experience then you could definitely go lower than BTC.01 but not less than 50 sats. But if you want bigger profits but you are  still a newbie then go ahead trade an amount BTC.50 or less than that.

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