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Author Topic: Is there a required amount before you start trading?  (Read 2090 times)
Impulseboy
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September 10, 2018, 05:44:56 PM
 #1

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?
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September 10, 2018, 06:00:50 PM
 #2

I would hold instead of doing day trading unless you know what you're doing in and you'll probably need large amounts to make any considerable profit. As for buying bitcoins, I believe that you can buy as little as 2$ in Coinbase.

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September 10, 2018, 06:03:01 PM
 #3

Each user has his/her own budget to start with. As we always say, don't invest what you can't afford to lose, but lower is the amount lesser are the profits.
Once you hit the break even, you can spend all the profits you got to buy bitcoins with or compounding could give higher profits in a longer term

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September 10, 2018, 06:55:02 PM
 #4

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?

Start the amount of you are willing to lose, the more you spend in trading the more it risk, if you trade small amount the profit you will get is also small. But if you use big amount the profit you will get will big, so choose before you trade.

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September 10, 2018, 07:08:23 PM
 #5

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?

there is no required amount if we want to make start on doing trade in exchange platform. But the exchange itself has a minimum amount for us to start in making trade to their platform. Now, if you want to earn big you need to have a big allocation budget to buy a huge amount of token in the platform. This is just my opinion  Smiley


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September 10, 2018, 07:24:13 PM
 #6

I would hold instead of doing day trading unless you know what you're doing in and you'll probably need large amounts to make any considerable profit. As for buying bitcoins, I believe that you can buy as little as 2$ in Coinbase.

Thankfully in crypto you don't need very larg amounts of money to make profit compared to stocks where you need at least $1-5k to make any profit at all. Crypto gains blow away the stock market, however crypto losses also blow away the stock market. Clearly the best option is to start trading with virtual money but once you have a solid strategy you can start trading with even 100$

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September 10, 2018, 08:21:31 PM
 #7

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?

Some exchanges may have minimum order/deposit amounts requirements, but in general terms - there's no minimum. In most cases, there's a minimum age requirement though, you need to be an adult to trade, and judging by your post, especially the second question, I sense that's not the case with you.

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September 10, 2018, 09:24:44 PM
 #8

but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?

I don't understand the question in the way you mean it but I'm aware you don't need to have any particular amount you earn before you start buying bitcoin. I think you can do that by buying from an exchange or p2p, convert your fiat to bitcoin simple.

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September 10, 2018, 09:39:27 PM
 #9

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?

No and no.

First is you will have to comply with the minimum deposit of an exchange before you can start trading. Maybe you could also add the minimum knowledge required to start. Just to be safe.

Next is bitcoin already have a price out there. You will just have to get that amount from your job or your piggy bank then Voila you will have bitcoin.
If you as are in need of your salary per amount and do not have spare then maybe you should think about it twice.

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September 10, 2018, 09:58:55 PM
 #10

I agreed with the other posters here we do not need any kind of big amount to start a trading habit.

You can start low buy you earn low why? It is because of the percentage of one amount. If you put a kind of big amount you can win high but sometimes it still do depend on the situation of the cryptocurrency market.

Here remember this...

1. Hold if a big drop to red.
2. Sell it high.
3. Buy low.

Like in a store and a businessman who buy low and sell thing in a high right price situations.
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September 10, 2018, 10:38:56 PM
 #11

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?
There’s no required amount in both of your concern, you can invest anytime you want at any cost. But if you want to be more profitable try to invest more. $500 can be a good start for you. The only limit is your knowledge and experience, if you are not good enough in investing learn more, and try to start small when you don’t have any experience.
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September 10, 2018, 10:46:54 PM
 #12

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 start trading, we are obliged to have capital, it is used to buy coins that we will trade. the amount doesn't need much because trading can be started by buying cheap coins. besides that we don't need monthly income when we want to trade, all we have to have is capital and that can be obtained from anywhere. a trader starts from a small thing and with his experience traders become someone who is financially successful.

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September 10, 2018, 11:24:14 PM
 #13

I advise you to deposit a small amount for trading and learn how daily trading works or for long-term trading because if you invest with huge amount without trading experience you can lose it all. So, if you start at low you can lessen the risk of losing a large amount of money in trading. Start at small then learn the basic (buy low and sell high) until you know how the market works. After you gain some trading experience, you can use them in your future trading then increase your trading funds slowly to maximize your trading profit.

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September 10, 2018, 11:26:39 PM
 #14

of course there will be a certain amount that is good to start trading, don't give too much money in the trade and also not too little is just being mediocre because the current trade is very risky where all prices are unpredictable and keep going down every time

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September 11, 2018, 08:13:18 AM
 #15

Before you begin to trade you need to learn the basics of trading on the crypto exchange, and also learn the technical and fundamental analysis. Learn to control your emotions. Because if you are not well prepared, then you are very much at risk of losing your money.
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September 11, 2018, 08:30:49 AM
 #16

Trading is risky so you should use money that willing to loss, and for the better use maximum 1% of total your money. And then try to multiple that money in trading by compound strategy. If you have management of money, disiplin and trading plan you have probability to make that money up to 10 to 50 times in 1 years from crypto trading.

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September 11, 2018, 08:33:50 AM
 #17

Daily trading is not the best option, and I don't believe that someone can earn a steady income every month. Even for bounty activities, we may have zero income!
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September 11, 2018, 09:16:49 AM
 #18

There is a required amount of money one should have before trading,and this ensures that one don't spend all his capital on withdrawal charge.
Before one start trading ,he should have like 100 dollars,and at the same time consider the coins he should buy because there coins one will buy in many units with100 dollars ,and there are expensive coins one can buy only 10 coin using 100 dollars.
Sometimes,the withdrawal charge of that 10 coin one bought might be 6 coins leaving the person with only 4 coins.
There are coins one can buy about 4000 coins with100$ of which the withdrwal fee might be 200 coins .
If you compare and contrast ,you will find out that there is amount of money one needs to have before trading depending on the coin and exchange one is using.
In bitmex,if you trade with small money there is possibility one might spend the money on withdraw fee.
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September 11, 2018, 09:21:47 AM
 #19

Well depends on what exchange you want to use,
but since you're new, keep it as low as possible. and for your
second question, there is none.
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September 11, 2018, 09:41:40 AM
 #20

No there is no required amount but fees and deposit limits of some coins can be high so you can't start with few dollars for sure, it will disappear when you trade  Cheesy

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