Is $30 dollars worth starting bitcoin?

[Flexystar]

That is based on various factors. Considering the current miner fees of 50 cents to 2 bucks per byte that too give and take based on how fast you want the transaction to be executed. Keeping this in mind you can easily own 5-10 bucks without any trouble. Surely, $30 is easy to get started with it.

You can also check up with dollar conversion rate of your country. If you are from fairly good country with equal conversion rate then above rates are just fine for you. If you are having higher conversion value then you can reduce accordingly.

Bitcoin is really something which you can keep buying in chunks that is sats and have bigger investment with the time.

[Oneandpure]

Correct me if wrong, seems $30 is not really worth for investing in Bitcoin on current price because need more higher price later in want earn much profit from OP amount investment. I think $30 is worth for investing in shit coins, however today and last day have hype with ArbDoge coins pump drastically more than 300% without one week.

Today have another coins hype with PEPE coin but not really recommended investing right now on both coins because have reached higher price, I don't recommended without risk when investing in shit coins but have worth and faster profit returning than you invest in Bitcoin with amount $30, its not mistake starting invest in Bitcoin with 30$ but need more patience waiting more than longer time to get profit than investing in shit coins.

[lovesmayfamilis]

There are people who wait long enough and ask if the time is right to invest in Bitcoin. So it’s better to start with a small amount today than to wait for a good hour and never wait. Usually, people who are waiting for the right moment do not dare to investst in Bitcoin. So it's better to start with a small amount today than to wait for a good hour and never wait. Usually, people who are waiting for the right moment do not dare to invest. 30 dollars is not a great amount, but at this time, the owner's motivational impulses become a good psychological factor to continue his investment. In addition, realizing that the amount is not large, the owner has a great opportunity to learn without the risk of large losses, which in the future can lead to the correct distribution of funds.

[Natalim]

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?

If that is the only amount that your friend can afford, I should say yes and I won't make him encourage to invest more while he is still learning nor I would compare someone who invested $100. Yes, we all know that investing a huge amount will also gain more but on the other side, they risk more as well.
Besides, it was not advisable to start big when we are empty, if we are consistent on $30 like say weekly, it will be going more and bigger. In fact, we can start at $10, or $20, as long as it was not in debt, we're good to go from small to big.

[pixie85]

Do the math OP. 2,5x from here is already a new all time high. How much will we go up in this cycle, by 2025? 3x? 4x? 4x would be 120 000 dollars, so I don't think we're going far beyond that. Some people predict 150, some 200, but even at 150 you're 5x up so your 30 dollars is going to be wort 150. Is 150 a satisfying profit for you? Will this change your life in any way?

You can of course buy bitcoin with $30, just as you can buy it with $10, but that isn't going to make a difference. You'll wait all this time to buy yourself a pair of shoes.

[Bananington]

What do you think about my advised to him?

Let's hope that he does not take your advice the wrong way as a discouragement and then decide to want to wait till he has like $100 for him to invest. It is good if he starts with the $30, but it will bad if just leaves the $30 like that without trying to increase it by adding more. Deciding to keep a $30 investment in bitcoins is a big waste of time, but deciding to invest $30 regularly for a period of time in bitcoins will be very profitable. Ensure your friend understands this.

[LogitechMouse]

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.

A 30$ start isn't a bad thing already.

I still remember when I started investing into Bitcoin. I started way lesser than your friend (I assume that it's your friend). I invested I think around $20 only to invest into Bitcoin, and I can't forget that time because when I bought it, it was February of 2018, and for those who are into cryptocurrency at that time, or even not you can see what happened on that year.

Now with regards to your friend, 30$ is a good start already I would say (I said it because 30$ is a huge money already).

What do you think about my advised to him?

1. Let him continue to add some more. 30$ today, and then X amount next week or after 2 weeks or next month. Let him do Dollar Cost average since it's the safest approach when it comes to cryptocurrency.
2. Say the truth to him. What I mean is that, tell the truth about how Bitcoin's price moves. Tell him as well that Bitcoin isn't a rich-quick scheme like most people are thinking about it.
3. Guide him. Guide him all the way. Guide him to the point that you can feel that he can invest all by himself already. Guide him since I assume that he is still a beginner. There's no harm in guiding somebody, and it's a good thing since you introduced it to somebody which increases adoption.

[Gallar]

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.

For an initial step of $ 30 it is also good enough to invest in bitcoin, because investing in bitcoin in the early days what is more important is to gain experience and knowledge first, and for profit it is secondary.
In investing in bitcoin, I suggest you don't have big ambitions first, because that can mess up your concentration in thinking clearly. You can be ambitious, but just enough, just to get excited.
if you want to invest in bitcoin, don't wait to get rich first, but invest what you can afford, so you can feel what it's like to invest from the lowest point to the highest point.

And later all of that will be a very valuable lesson in your bitcoin investment journey. Don't feel like you won't succeed, just because of small capital, keep the spirit and don't give up.

[Dickiy]

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?

We can start with small capital first to train the mentality that the market will definitely give, never start with big money and you are afraid of losing it, in the bitcoin market there are price fluctuations which will certainly give you panic sell or fomo pressure on things going up That kind of thing is bad in my opinion, even if you start with $ 30 if you do it regularly every week or twice a month or once a month for a year the bitcoins you have will certainly be more, speaking of progress depending on whether you do it consistently or not in doing invest in bitcoin, if you hope that with a capital of $ 30 you can make your finances better I think you are just hallucinating, but it will come true if you do it in 2011.

[bangjoe]

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?

My advice to you, it's okay for initial capital with $ 30 I think you are better than me, because in the past I started investing in bitcoin less than what you are doing now, as reinforcement from friends who give their views on investing in bitcoin you just need to do it consistently and don't ever think about selling in the near future, investing in bitcoin if you want to reduce the risk is higher by holding it for the long term, especially this year the halving is still far away and you can continue to save in bitcoin or invest in bitcoins to get better progress in your investment in bitcoins until you have enough bitcoins that you have to enjoy the results.

[yudi09]

-snip-

What do you think about my advised to him?

In general I think what you have to say is good advice.
You don't only explain the positive impact, but you also provide an explanation regarding the negative impact.

We cannot foresee what will happen with the market situation. If anyone has invested in Bitcoin at a purchase price much lower than $30K, then they have doubled their profits by now.
Those of us who have just started with a buy price of $29K - $30K still have a chance between losing money and making a profit if the sell price exceeds the current price.

Within 24 hours, Bitcoin experienced a decline in price. For me, the current condition is just a test in the midst of optimism that there will be a higher increase.

[Minecache]

Correct me if wrong, seems $30 is not really worth for investing in Bitcoin on current price because need more higher price later in want earn much profit from OP amount investment. I think $30 is worth for investing in shit coins, however today and last day have hype with ArbDoge coins pump drastically more than 300% without one week.

Today have another coins hype with PEPE coin but not really recommended investing right now on both coins because have reached higher price, I don't recommended without risk when investing in shit coins but have worth and faster profit returning than you invest in Bitcoin with amount $30, its not mistake starting invest in Bitcoin with 30$ but need more patience waiting more than longer time to get profit than investing in shit coins.

You are not wrong because everyone has different views and ways of investing, you don't need to be like anyone else, just be yourself. I also don't have a problem with someone getting started with bitcoin with as little as $30 because everyone's income and economic conditions are different.
But if it were me, I wouldn't invest, and instead, I would start learning everything about the market and try to make more money before investing. Or another solution, I'll invest in shitcoins, the meme craze is back, and I'll try my luck, and of course, I'm willing to lose that $30.

[KiaKia]

It's a very good start, if this is all he can afford from time to time it's a very good beginning, and in a matter of time your bag will grow, remember that a little drop of water can make a mighty ocean, it will take time but it's doable.

He needs to start learning while accumulating Bitcoin all the way, he also needs to have lots of patience, lower your expectations too because with 30$ investment on Bitcoin, it will look like you aren't getting anywhere.

If Bitcoin becomes double right now you will have 60$ worth of Bitcoin, it's going to take time to start seeing impressive gains so work more on adding the 30$ maybe in every two weeks or so.

[jrrsparkles]

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?

Starting of $30 is good though but you can't stop with $30 forever, the investment should be periodic and consistent so let's say someone invest $30 every month on Bitcoin then they can potentially reach the status called rich in long term. But you can't withdraw $30 everytime from exchange cause the withdrawal fee itself will be around 20 to 25 so yoy just have to go with exchange wallet only or else do it via p2p.

[suzanne5223]

 amount invested in Bitcoin now that don't worthwhile especially now that the market is yet to reach a new ATH price. Like you said the market-wide and it's also a roller coaster either. The advice you give the person could push him off the edge if the person doesn't know about the use of DCA.
The market doesn't have a minimum amount you can invest, it was the CEX and some DEX that introduce the minimum amount for their own selfish reason.
In the meantime, you need to teach the person how to secure his/her investment.

[ethereumhunter]

Starting investing in bitcoin using $30 is enough for a beginner while he learns more about bitcoin. And it will be even better if he doesn't stop investing and keeps buying more bitcoins in every correction because it will increase his bitcoin amount.

Investing in bitcoin is long-term, so if he can consistently use $30 to invest and do it regularly, that should be enough for him. He could earn huge profits in the future.

[cheezcarls]

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?

As long you can afford to lose that amount in the first place then go for it. There is no ideal amount that you can buy and hold Bitcoin even for just 5 bucks.

Just like in my previous posts, we are not financial or investment advisors here. You just disclose to him that Bitcoin does not offer any promises or astronomical guaranteed returns as the market movement is decided by the buyers and sellers.

The price is very unpredictable and it can go up or down at any moment without warning.

[ajiz138]

Correct me if wrong, seems $30 is not really worth for investing in Bitcoin on current price because need more higher price later in want earn much profit from OP amount investment. I think $30 is worth for investing in shit coins, however today and last day have hype with ArbDoge coins pump drastically more than 300% without one week.

Today have another coins hype with PEPE coin but not really recommended investing right now on both coins because have reached higher price, I don't recommended without risk when investing in shit coins but have worth and faster profit returning than you invest in Bitcoin with amount $30, its not mistake starting invest in Bitcoin with 30$ but need more patience waiting more than longer time to get profit than investing in shit coins.

It is better to invest in bitcoin with a long time than with shitcoin, why do you suggest this? This shitcoin has been pumped very high if he enters by investing $ 30 for example then it is the same as suicide because shitcoin will eventually fall and will not get back up, the OP is asking this because he wants to start it so there is no need to suggest on shitcoin you plunged into the wrong coin.

A coin that is being hyped means it is being pumped massively there is a possibility that behind the increase is the manipulation of the people behind so as to attract other investors, and typing high prices and then being dumped then it is a painful thing so don't be tempted because get rich quick in time this instant does not exist purely because after all the investment needs a process.

But if the OP's friend starts on bitcoin then the risk is very low than shitcoin, and he can also accumulate his investment every time when there is extra money.

[Aikidoka]

In my opinion $30 is not enough to invest in Bitcoin. I would suggest using this amount to try transactions and become familiar with setting up fees and other stuffs related to your bitcoin for testing purposes. However, it is not enough of money that would generate a a decent profit in the future. Bitcoin's current price is already around $30k, which is x1000 times the amount your friend intends to invest. Therefore, investing such a small amount would not result in a substantial return on investment in the long run.

I would like to say that even if Bitcoin's price were to increase a lot, let's say to $60k, your friend would only make a profit of $30, which is not a lot to be honest, so just let him think of it like that... I would suggest advising your friend to buy Bitcoin regularly, maybe every week or every 2-weeks. By doing this, he can potentially make a decent profit over the course of a year or more. It's a good idea to allocate a small percentage of his salary for this purpose.

1.  You won't feel it a lot (as there's no impact in your day to day life)
2.  Over time, the investment can hugely grow and you'll be surprised of how much money you'll make from this investment in couple years (only if he's patient and not touching them)

[Smack That Ace]

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?

Starting with bitcoin with 30$ is not a bad start, but to get bigger profits and make more money in the future, you need to find a way to replenish your capital. And if you only invest once with only 30$ and want to become rich, then I recommend you give up that intention in the first place. Bitcoin is neither a get-rich-quick tool nor a tool that can get you rich with just a small amount of money. If you want to get rich with just $30, think memecoins, shitcoins.