Is $30 dollars worth starting bitcoin?

[Godlovesyou]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

What do you think about my advised to him?

[1715234573]

1715234573

[CryptoHeadlineNews]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example;

Yes, anyone can start a Bitcoin investment with even the least $5 or $10 while using an exchange such as Binance or Remitano. But if you need to have your coin in a non custodial wallet such as "Trust wallet", you need above $20 to cover both transfer fees

if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

No, you are very wrong on this, because the price of Bitcoin always increase or decrease by percentage "%", which means that the profit or lose you could get will be base on your investment capital. That is for example,
If Mr A invest $1000 in Bitcoin and Mr B invest $100 in Bitcoin too, same time, same date, and the price of Bitcoin eventually rose by 5%, that means,
5% of $1000 = $50 (and that's the profit Mr A will be having, i.e $1050 in total)
While,
5% of $100 = $5 (and that's the profit Mr B will be having, i.e $105
And that how it works, et cetera.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

What do you think about my advised to him?

No, both person who invested huge and small amount of money will always loss or gain base on the same percentage at every moment, but the only difference is that the higher your capital, the more profit you may stand to get.
That is, if for example

If you invest $100,000 and the price of Bitcoin then increase by 10% after a week, that means you should have made a profit of 10% of $100,000 = $10,000

And same with if you may have invested $10,000 and the price of Bitcoin increase by 10%, that means you should have made a profit of 10% of $10,000 = $1000

[Litzki1990]

Investments can be started with $30 to learn or gain experience. But don't expect to make a profit by investing $30 in a platform like Bitcoin. Because if the market increases a lot by investing with $30, then the amount of profit from that 30 dollars will not have any economic impact on it. 

If he wants to start investing with $30, you can congratulate him for starting and you can tell him to invest $30 as well as to increase the investment when he has money to invest more. If he continues his investment like this, one day he will see that his investment amount has increased and then he can expect profit from his significant investment.

[siedemtrzy]

I think if you want you can start investing in Bitcoin $30 is a good start, I invested around $50 for the first time. If someone can't buy much DCA is the best strategy IMO.

[Outhue]

Have it in mind that a 30$ investment in Bitcoin either per week or month is for the long term, you can't expect anything back until you've invested a lot so you will be holding your Bitcoin bag for a very long term, if this is still what you want then you can proceed.

The reason why many people with small amounts of money prefer investing in altcoin is that with 30$ invested in altcoin, you can easily make 300$ in months or a few weeks if you are smart at using hype and trends to your advantage.

And they will later use that 300$ gain to invest back into Bitcoin, I have a friend that does these swings between altcoins, and he has used this trick to accumulate a handful number of Bitcoin so far. This is not investment advice for anyone because altcoins are riskier than Bitcoin.

[SOKO-DEKE]

Although there is nothing wrong with someone starting their Bitcoin investment with $30, the reality is that they may not make enough profits that will make them happy . Therefore, it is best to start with a reasonable amount of money that you can afford to lose, or even if you started with small amount, it will help if you keep accumulating with small small amount of money in aim of making good profit.

It is actually a bad idea for beginners to be eager to invest in the bitcoin sector. I'll encourage you to tell the individual you introduce to bitcoin not to be compelled to invest in it right away, but rather to educate themselves first.I can tell that both of you are still new to Bitcoin, but if you weren't, you'd know the answer to this question from the Bitcoin knowledge. So let knowledge be before investment.

[un_rank]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example;

This is a misconception that pushes people to invest in shitcoins which are valued in cents. Bitcoin's price being high does not mean investors with lower purchasing power cannot get some. For a start $30 is not a bad value at all, the person is can use that amount to test out the little technical features, trading, wallets and backups, transactions on-chain...

What you are starting with does not determine the outcome if they plan to invest more eventually.

if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

Someone who started with $100 can also not be compared with someone who started with $1,000 or $1,000,000. This does not mean those with lower purchasing power should not get into bitcoin. A 100% increase would double their $30 to $60, a better deal than letting inflation gnaw at it if left in fiat.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

You either gain or loss in percentages. 10% of $100 varies from that of $1,000, they are gaining or losing according to their investment.

- Jay -

[Accardo]

For a start, they can invest the $30 to observe how the market works, then move ahead to put in more funds into their wallet. I don't see anything wrong if the person feels like $30 is a spare fund for him, it's fine, he won't be sad if he losses it all, so I'll recommend you to advise him to invest more if he feels that his $30 investment wasn't a waste.

[blackened515]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

What do you think about my advised to him?

Your advice was in knowledgeable and important, at least he wouldn't expect more from his capital. Cryptocurrency is risky and also rewards a trader who open good entries on the market. Starting with $30 is probably he's standard and we should always invest what we can afford to lose, not the other way round. Invest what will drained us once Bitcoin goes against our plans, we start lamenting and look for someone that will helped is probably not the right path. $30 bucks can grow into a big account, only if traded wisely, target the specific time Bitcoin do the pump run and invest in it, $30 can flip to $100 within few days or even more.

[Helena Yu]

I will say yes and no, depends on your situation.

If you only have $30 and you're just a student, don't have any jobs or your salary is $50/month which is low, I'd say it's not worth to invest in Bitcoin because you will not make a good return. It's better if you use that money to learn about new skill to get better job.

But if you're an employment and you get paid at least $200+/month which is an average salary and you have a spare money, you can invest in Bitcoin by DCA-ing.

I don't think it's make sense to hope your $30 will make a good return, you need to pay trading fee and withdrawal fee.

[cryptomaniac_xxx]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

What do you think about my advised to him?

I guess we have to start somewhere else, so for me $30k is good enough for beginners. And then maybe he can start like weekly investing on bitcoin or so some DCA.

And it's better if you would explain that it will take a lot of time and money and of course he should be in for the long term so that he will realized the gain if he is going to buy and HODL and then wait for the eventual bull run in 2024-2025.

[Tony116]

I usually don't care too much about the initial capital to start because everyone's economy is different, so start with the money you have, don't compare it with others. But remember one thing, bitcoin is a volatile asset, which means it can increase your capital significantly compared to other investments, but you should not think that you will get rich by investing in bitcoin with $30.

Another cool thing about bitcoin is that you can start with $30 in bitcoin, but if tomorrow, next week, or next month... if you have more money, you can buy anytime. If you stick with that strategy for a few years, the amount of capital you invest in bitcoin will not be small anymore.

[Jody.Drummer]

In this condition, I think whatever it is actually when it's in bitcoin, actually it's still very good.
But of course the thing that must be understood is actually not the nominal amount that must be thought about, but of course the readiness that we must have with all the risks whether we can afford to be here or not.
On the other hand, the thing that needs to be considered at this time is that everything has a portion, if indeed the nominal is large then indeed the profit portion is also possible to be large and vice versa, it's just that we need to feel aware that being here is not to get rich instantly because something like that is impossible to happen.

[Fiatless]

What do you think about my advised to him?

One cardinal feature of Bitcoin is that it is non-discriminatory because it allows everybody to invest in the sector. $30 for a start is not a bad idea but he shouldn't expect much from this small investment. I don't know how long it took him to save these funds but with determination, he can do more. I encourage him to keep saving and increase his Bitcoin holding. If he keeps saving and investing, he will be surprised that his investment has grown to a high level. If he shouldn't thinks that his $30 will make him rich overnight because the more you invest the greater the chances of making more profit if the market is favorable.

[Grim_Fandango]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

You advised your friend good, $30 may seems like a low amount for most of people, but for some that is a a lot of money and everyone should invest the amount they feel comfortable with. Starting with smaller amount is even better as that person will have a chance to learn about bitcoin without fear to lose big amount if he do something wrong.

It is actually a bad idea for beginners to be eager to invest in the bitcoin sector. I'll encourage you to tell the individual you introduce to bitcoin not to be compelled to invest in it right away, but rather to educate themselves first.I can tell that both of you are still new to Bitcoin, but if you weren't, you'd know the answer to this question from the Bitcoin knowledge. So let knowledge be before investment.

Some people prefer to invest and learn from practice rather than reading for weeks just so he can buy bitcoin. You dont have to be expert in order to invest in bitcoin, basics on how to store and how to send are enough.

 

[SquirrelJulietGarden]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it

Your friend can start with $30.

First, $30 is not too big but it is good enough to have an experience, and if he loses it, it is not a big cost.

Second, you should inform your friend that with $30 and a probability that Bitcoin makes a new all time high like $120,000, it will be x4 from today price. If Bitcoin makes it, from $30 initially, your friend will have $120. Will he think it is good?

If possible, your friend should do dollar cost averaging with more additional $30 with many times of DCA in future to increase his portfolio value. Then he will gain bigger profit when Bitcoin makes $120,000.

https://dcabtc.com/

Also please share your experience with DCA to your friend.
I stack bitcoin every week.

[darkv0rt3x]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

What do you think about my advised to him?

Take another approach. See this as a mid / long term investment and if you take that approach, you don't have to deal with volatility. See it as a storage of value. Buy and save it. Buy and save it over and over again. You can do that with apps like Peach or Relai. For instance, instead of putting 50 bucks aside on your bank account, you can make monthly investments with Relai, for instance for those 50 bucks. It will bring you more happiness in the future than hassling now with buying and selling every other day!

[Bushdark]

There is nothing too small for you to start your journey in cryptocurrency. You can buy Bitcoin as low as $30 and keep buying whenever you have the fund to keep it on a steady peace. We can decided to start as a small investors and we time we can increase our portfolio depending the kind of investor we want to be. There are even some traders that started the cryptocurrency journey with small fund and they are able to increase it with time depending on what they really want from the market.

[goldkingcoiner]

Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small. Blockchain has the minimum amount one can invest if am not mistaken but if your amount is too small may be difficult to make easy progress.

What do you think about my advised to him?

That depends. Does the person with 30 dollars want to make more money in the near future or does he need the 30 dollars right now for something important, like paying his bills or buying food?

If the 30 dollars are completely unneeded and can be invested then he is wasting time by not buying Bitcoin and letting that Bitcoin sit in his wallet for at least a few years.

Realistically he could see that 30 dollars become 300 dollars within a couple of years. Maybe even less, depending on how well the market is doing and what kind of adoption rate Bitcoin is experiencing.

Either way, not investing in Bitcoin is definitely a lost opportunity, from my perspective. 30 Dollars definitely is not below the minimum amount you can invest.

[touseefahmad1999]

Yes, that is correct. The amount that someone invests in Bitcoin will affect their potential returns. If someone invests a small amount, such as $30, the potential returns will be limited by the small initial investment. This is because the percentage gains or losses on a small investment are smaller than on a larger investment.

Additionally, the cryptocurrency market is highly volatile, and the value of Bitcoin can fluctuate greatly over short periods of time. When the market is down, the value of the investment will decrease, and the investor may experience a loss. It is important for investors to understand the risks associated with investing in cryptocurrency and to only invest what they can afford to lose.

Finally, it is always recommended to do proper research and seek professional financial advice before making any investment decisions.