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Author Topic: Is there a required amount before you start trading?  (Read 1401 times)
demonic098
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September 11, 2018, 11:26:39 AM
 #21

For your first question you'll just need atleast 50$ to start trading it'll be enough to cover the fees, for your 2nd question you don't need a specific monthly income to start trading you just need a starting capital.

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September 11, 2018, 11:32:07 AM
 #22

if you are new to trading it is better to start with holding some good coins. Cryptocurrency trading throws out many conventional rules of trading and you should always make your own choices. However, it is important that you have some kind of formula or strategy when trading, chaotic trading can be a disaster.so do a good research before starting.

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September 11, 2018, 12:37:54 PM
 #23

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?

A clear amount or suggestion is not going to be right, but there is a fact that there must be trades in this market with a budget of at least 50-100 USD. It is definitely the right choice to start with operations when we feel we are ready to do things with low amounts to get enough experience. I think this would be beneficial if the budget is not kept as high as it would be with the initial budget, because it is inevitable that it will be harmed while experiencing here. For that reason, starting with a money in the budget I mentioned, and increasing the amount you have developed here will certainly be the most beneficial result for you. In this sector, as seen from the outside, low price, then high price. It is possible to lose that profit margin with the commissions when the low profit margin is already obtained.


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September 11, 2018, 12:53:24 PM
 #24

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 are no required amount of cryptocurrency or bitcoin to get started with crypto trading, it only depends on how much you can afford. But for newbies like you, it's not preferable for you to start crypto trading without an enough knowledge about on it, because it really takes a lot of risk to those traders who lack of knowledge about it, and this only causes losses to those traders.
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September 11, 2018, 01:14:41 PM
 #25

I think trading skill and the knowledge is more important than the capital, a skilled and well knowledgeable person can start with $100 and grow it to over $1000 whereas the inept person can blow a capital of $1000 in 1week.... Whatever you can afford to start with, as long as it is equally to the minimum requirements for trade in some exchanges, one can start with it

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September 11, 2018, 01:53:47 PM
 #26

The exact amount of each determines for himself, everything is very individual. It can be precisely said that this should be such a volume of money that it is not a pity to lose.

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September 11, 2018, 02:08:10 PM
 #27

For your first question you'll just need atleast 50$ to start trading it'll be enough to cover the fees, for your 2nd question you don't need a specific monthly income to start trading you just need a starting capital.
Yep, starting small is always better and then invest when you are knowledgeable enough in the market. There is no minimun amount required but you have to consider also the fees, and other things. Take note that this market is very risky, there is no limit you can earn more and you can also lose more.

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September 11, 2018, 02:09:45 PM
 #28

The first time I started investing only spent $ 10 in my pocket and I started on the local exchange. Usually in local exchange there is a minimum limit for someone to start investing and you can read the rules of each exchange first. However, to get passive income depends on your way and your knowledge of price predictions.

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September 11, 2018, 02:12:55 PM
 #29

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

Nope, But before you make any deposits in any exchange you should read your TOS and make KYC. this is very important. And always do research before using any exchange

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 this, you just buy bitcoin whenever you can and then you can trade. you have no idea how many things work, I recommend doing research here in the forum, google and youtube. PS: Never invest in hyip/ponzi sites, because you will lose money.

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September 11, 2018, 02:22:52 PM
 #30

I didn't have much money when I started but later I invested about 1000$ in ether and I was satisfied with the income i managed to get. To my mind, it is better to invest now and sell later

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September 11, 2018, 02:31:18 PM
 #31

Yes, it is compulsory, you have to have capital before you start trading, you use that capital to buy coins that you think are potential and can bring you profits in the future.

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September 11, 2018, 02:33:17 PM
 #32

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?

We need money to create money but I think everything is depend on you, try with any quality asset is good because the result is depend your strategy. Invest/ trade in long term period need more money than short/ medium term period, in many cases what I say is true. Try to collect money ( crypto ) with free way and use it to test your strategy is better than enter the market with your own money, specially right now. It's just suggestion, like or not up to you.

   
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September 11, 2018, 05:44:08 PM
 #33

There is no specific amount in each person enters according to his material potential, but generally if you are a beginner do not enter large amounts so as not to lose large amounts and hate this area when you find yourself you are able to trade Enter the amount you put for this area does not hurt your life is beyond your need
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September 11, 2018, 05:58:41 PM
 #34

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.

Oh, I see. Thank you! I would probably stay away from day trading for now, but could you please expound on what day trading is exactly? Also, do you mean you can buy bitcoins for as low as 2USD?
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September 11, 2018, 06:02:17 PM
 #35

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

But do you think regular traders will accept newbies like me who has never traded before and does not have much bitcoin in his wallet yet?
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September 11, 2018, 06:07:27 PM
 #36

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 $1-5k to make any profit at all. Crypto gains blow away the stock market, however crypto losses also blow away the stock market. Clearly the best option is to start trading with virtual money but once you have a solid strategy you can start trading with even 100$

Interesting, because a few weeks ago my bank asked me if I want to invest in their stocks. I did not agree to it but I would be lying if I say that it was not tempting. Do you mean that losing money over crypto is bigger than when the stock market is down, but it also provides higher profit than stocks? Also, can I use PayPal to buy cryptos?
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September 11, 2018, 06:12:01 PM
 #37

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

But do you think regular traders will accept newbies like me who has never traded before and does not have much bitcoin in his wallet yet?

What do you mean? Are you going to do P2P trading?
All exchanges accepts new members no matter they are newbie or expert, what you need to do is just register an account, deposit your bankroll and start trading.

Note: Please do not bump your thread multiple times in a row!.

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September 11, 2018, 06:13:33 PM
 #38

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.

I am aware that bitcoin already has a price, however, I would like to know if say you have about $8000 in your bank account and you want to get into cryptocurrency, can I use it to buy cryptos? Also, my monthly paycheck is not as big as my bank account but it is definitely more than enough for me for one month.
Impulseboy
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September 11, 2018, 06:15:59 PM
 #39

Note: Please do not bump your thread multiple times in a row!.

Sorry. I was not trying to bump my thread. I was only trying to answer to the replies.
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September 11, 2018, 06:48:29 PM
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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.

What does capital mean in the crypto world if its okay to ask? Do you mean I need to have enough money on my bank account so I can buy bitcoins? If that is the case, then I do. I am not sure if it is enough but I have some I plan on buying bitcoins with.
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