Is $30 dollars worth starting bitcoin?

[BenCodie]

So also when the market is down to some extent, the person with $30 may likely loss more because of the money is small.

In terms of percentage, when the market goes down 10%, a person with $300,000 and a person with $30 will both lose 10%. People with lower portfolios will not lose a larger or lesser percentage.

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.

The minimum amount you need is to cover network fees, which are generally less than $0.5-$1 even with medium-high network activity nowadays. Yes, it might be difficult to make progress in terms of market value. That is not the purpose of Bitcoin though. The purpose is to store value and to be able to send instantly, anywhere, any time.

What do you think about my advised to him?

You should be encouraging to buy small amounts that are within his means constantly as an alternative to depositing money into a savings account or a traditional investment like stocks, rather than talking about the market and hinting that "you need more to make more". Focus more about education and purpose rather than the market. The market only validates Bitcoin's value over time, it shouldn't be the sole reason that someone purchases Bitcoin.

[aryana42]

That is too little amount to profit from bitcoin. I mean, you can still invest 30$ in bitcoin because there is no limit to invest in bitcoin. But don't expect to make big profits with that little money. If you want big profit with small capital then think shitcoin, but the risk is you can lose that $30 too.

[Davidvictorson]

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 say this is a perfect amount to start with especially for a beginner. It is low risk and to me sounds like an amount that someone can afford to lose and not get troubled over. I am glad that you pointed out that two possibilities -  Bull and bear market. So the person is going into the bitcoin with the right mindset. I was hoping to read that you also explained the part of how he should keep his coins secured after purchase by using a secure digital wallet. Well, I guess you'd still bring that up with him.

[Ale88]

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?

Very bad advise in my opinion. You can buy as little as you want, you're pretty much scaring your friend away from bitcoin, that's really the worst thing to can do to someone. It would have been way better explain how bitcoin works and telling him to buy a small amount to get used to all the process involved: exchange registration, how to withdraw, how to save the seed, what wallet to use, etc etc.

[Frankolala]

You can invest on bitcoin with any amount,you don't need to be rich or have so much before you can invest. $30 is a good start to use for the purchase of bitcoin. I hope that you told him the basic concept of bitcoin and that it is not a get rich quick investment. I guess you didn't, you only told him about making profit and that was why he asked you this question.

The purpose of bitcoin is to be used as an alternative method of payment, for it to bypass authorities by using P2P payment system. Making profit from bitcoin shouldn't be what we are to tell newbies because they might be mislead with the anxiety of making big money from bitcoin,which they might end up being disappointed at the end of the day.

Tell him he can invest with $30 but he needs to keep on buying more bitcoin regular if he can,and if he can't let him not border about the profit and think on how to keep his investment for a long term. What matters is that he will have bitcoin investment,which has made him part of the bitcoin community.

[Cryptomiles1]

First, as a bitcoiner who teaches people about bitcoin, if you had such question the best you could answer them is to say "Yes" because to me whatever investment you make or do is subjected to what the results may be. Let say for instance, if someone invested with a sum of $30 @27k per bitcoin and the price increases to $50k per bitcoin.
This is to say:-
$30 BTC at $27k is ~0.0011BTC
Then bitcoin increases to $50k x 0.0011 = $55 (~0.00203BTC) which is ~25 percent profits of his investment, the increase is very much encouraging and is worth investing depending on the risk level of the individuals. Meaning if they could accepts the risk to invest more than that then the could get the increase as well when the markets seems to be good.
 

[nimogsm]

Why not? This amount is enough to learn how to use Bitcoin at least in wallets. Learn how to create transactions and move your Satoshi. And a little later, you can systematically replenish your wallet and continue to make savings, and in a year or two the result will pleasantly surprise you, I have no doubts about this.

[Rigon]

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?

A $30 bitcoin investment is huge for a newbie. If he starts investing with many dollars of Bitcoin in the first place and if he loses there, his confidence in his investment will be lost and hatred will come. Even though his small $30 investment won't bring any profit, I'd say this $30 investment to learn will teach him a much bigger investment lesson. But I applaud his decision. He should invest slowly from here and become a very big investor.

[drwhobox]

Why not? This amount is enough to learn how to use Bitcoin at least in wallets. Learn how to create transactions and move your Satoshi. And a little later, you can systematically replenish your wallet and continue to make savings, and in a year or two the result will pleasantly surprise you, I have no doubts about this.

I don't think it is enough but it is good for starting investing in bitcoin. Later the amount can be increased time to time but if you really want to start with bitcoin any amount is good unless you can cover the fees of transaction.

[|MINER|]

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?

It is true that 30 dollar is a small amount for investing on bitcoin but I think it is still worthable. In my opinion I think for the beginning of trading or testing I think 10 dollar usd can be also worth . But in this case if anyone invest that much amount on Bitcoin then the profit will also come as the value very likely so small. But for those who are new to trading, my suggestion would be to start with a small amount of investment Since there can be a lot of mistakes from the beginning, it is better not to go for the first big fund investment, but if one wants to make a bitcoin investment for the purpose of earning good profit, then he must raise the fund.

[panganib999]

In my opinion, yes. And I know a lot of people will agree with me. A good amount of people in this forum started with "laughable" amounts of savings when we started investing in bitcoin. It only boiled down on how long we're willing to hold the coin for a better profit potential, as well as how much are we willing to put into our initial investment to further increase our potential profits. Honestly speaking, $30 dollars in today's bitcoin economy wouldn't really do you much, so you're better off learning about DCA (Dollar Cost Averaging) to maximize your profit potential. It's not that hard to learn anyway. And DCA, when done on a coin with a positive uptrend like bitcoin, will always guarantee you bigger profits.

[akuntester1]

What do you think about my advised to him?

For someone who just wants to start trying to invest in Bitcoin, of course, $30 I don't think is wrong. I think for some people in countries that have a lower fiat value, $ 30 is quite large.
But you are right if we only expect $30 of course it will take a very long time to get a big profit for investing in Bitcoin.
Maybe if he is interested and wants to continue you should be able to encourage and help him to introduce more knowledge about Bitcoins. Even though there is a high risk, in my opinion we should be able to see good opportunities and follow existing developments such as investing in Bitcoin.
The most important thing, in my opinion, is that he can increase his previous knowledge about investing in Bitcoin, for the matter of investing capital it can be improved over time.
Indirectly he already knows Bitcoin through your explanation, even though he still knows a little about Bitcoin I only hope that in the future he will not be among those who regret it like most people who already know Bitcoin but don't immediately invest in it and it turns out that Bitcoin increases in value over time.

[nesty]

A $30 can be  use for starting up Bitcoin specially to the people who are new in investing. They could use to gain and learn more experience to see  the market flow. With this $30 they could experience the volatility of the market it's either they will gain or loss. They are lucky if they will gain immediately and if that happens they should sell it on a high price and then invest again at a lower price. With that experience they will realize that the $30 investment is not enough to earn more profits. 

[nullama]

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?

Bitcoin is more of a way of life.

Think about it as savings, is it worth saving $30 today? If yes, then Bitcoin would be a better instrument to store that value than just the cash.

[Party24*7]

Why not? This amount is enough to learn how to use Bitcoin at least in wallets. Learn how to create transactions and move your Satoshi. And a little later, you can systematically replenish your wallet and continue to make savings, and in a year or two the result will pleasantly surprise you, I have no doubts about this.

If you use it to learn how to use bitcoin then I think it's a perfect fit. But for only $30, and you expect the unexpected to happen in 2 years is the paranoia that I will tell you that will never happen. Even if you keep it for 10 years or more, $30 is just a small amount, and you can't expect to get rich with such a small amount.

[BitDane]

What do you think about my advised to him?

It does not help him much instead you made him think to invest huge amount in one go.  It is ok to start with $30  and accumulate from there.  You should have mentioned the term dollar cost averaging  or DCA in order for him not to misinterpret your suggestion as persuading him to invest huge amount of money.

Accumulating and buying Bitcoin regularly can help minimize the strain of buying BTC.  Even though with little amount, the accumulation done in long term will end up in bigger stash of BTC with less financial pressure.  Just like how a drop of water fill a huge container as time pass by.

[crypticj]

Of course. Any amount of money is a good beginning. If you want to succeed just keep investing USD in bitcoin in small parts periodically (DCA) and someday you will have a lot of money in BTC. Consistency is very important here.

And remember, don't invest more than you can afford to lose.

[Iranus]

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?

When we first start investing, we don't need too much money, and 30$ for me is enough for a beginner. Let's start with the minimum capital to limit risk as well as use it to experience the market. But if you want to make more profit, want to become rich, you need some capital more than that $30 many times over. I mean, buy more bitcoins whenever you have more finance to invest. That way, and if you can accumulate bitcoins for a long time, your bitcoin holdings will increase significantly, and your profits will also be huge.

[blue Snow]

What do you think about my advised to him?

Good, but you forget to tell him about a patient. I am not sure he can't survive if the Bitcoin price dump suddenly and make his investment from $30 to $15. yes, it's happened to me with my brother when direct him to buy bitcoin on 2021, he was very enthusiastic before and bought Bitcoin with his savings. but in November 2022 he was panic after his investment down significantly to 50% and sold all bitcoin at the same time. Today he very regrets, and with his experience, he doesn't want to buy bitcoin again.

[Patrol69]

An initial investment of $30 can be a good start. It is especially useful for learning. Any investment is always good. Now you can afford to invest with 30 dollars so I don't see any backtracking here you can go ahead with your investment.

Investing is not just about getting information, investing must be put into action. Now start investing with $30 then increase your investment amount little by little.  When you have more money, you invest that money directly in bitcoins. Thus, if you invest from the beginning and add investments periodically with that initial investment, you will eventually see that your investment amount has increased a lot. Welcome to this small start.