Is $30 dollars worth starting bitcoin?

[Kakmakr]

People do not actually "invest" in Bitcoin.... but they rather buy some Bitcoin to "use" or to hoard until the price increase and then to sell at a profit. It is a lot like "cash" ...with the difference that it is not widely accepted yet, but that can change soon.

You can buy any amount of Bitcoin, depending on what exchange you use, because many of these exchanges have minimum deposit limits, but if you can buy from someone else, then you can basically buy $1 worth of Bitcoin.... but the fees will not make it worth it. (If you want to buy lower amounts, I will suggest that you use the Lightning Network) 

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[348Judah]

We can start bitcoin investment at any level base on our financial strength or capacity, we should also be mindful that it doesn't ended with investing alone, but we must safeguard our asset against any form of attacks to help us prevent loss, we also need to take caution with how we handles the security of our assets, the exchange we use and wallet type that help store our bitcoin whenever we are holding them for long.

[Mr.suevie]

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?

There is always an advice on any investment which is always invest what you can afford or what your hands can get you. Bitcoin investment doesn't need to start with huge capitals like 1000 $ or more but its good if one can start with such because that will determine the capital you are going to get if actually the starts to pump but if its a 30$ investment you can always top it up with DCA investment strategy because it will reduce the stress of calculating how to get huge capital, you can easily just buy whenever there is little money to add up the investment capital and before you will realise the capital investment will have grown enough to be satisfied with.

[riantolie]

People do not actually "invest" in Bitcoin.... but they rather buy some Bitcoin to "use" or to hoard until the price increase and then to sell at a profit. It is a lot like "cash" ...with the difference that it is not widely accepted yet, but that can change soon.

You can buy any amount of Bitcoin, depending on what exchange you use, because many of these exchanges have minimum deposit limits, but if you can buy from someone else, then you can basically buy $1 worth of Bitcoin.... but the fees will not make it worth it. (If you want to buy lower amounts, I will suggest that you use the Lightning Network) 

You still might call that investment, it mostly depends on what exactly a person wants to do with Bitcoin. Especially if, as you said, to sell it at a profit.

[borovichok]

We can start bitcoin investment at any level base on our financial strength or capacity, we should also be mindful that it doesn't ended with investing alone, but we must safeguard our asset against any form of attacks to help us prevent loss, we also need to take caution with how we handles the security of our assets, the exchange we use and wallet type that help store our bitcoin whenever we are holding them for long.

Determination and discipline is what keeps me going in the market, I've encountered several losses but always get back to my heel before I have a target I need to achieved. There are traders that believe that they need hugh funds before they can be successful in trading, but the main factor is to start small, and watch our accounts flipped to bigger size. $30 can be flipped into a grand depending on the trading strategy used and we ought to know the basis of the market before trading. We should take preventive measures inother to escape any sort of losses, because the market always goes against our mapping and if there's no presence of tight stop loss, liquidation occurs.

[bayu7adi]

What do you think about my advised to him?

If someone decides to buy Bitcoin with a small amount like $30, it is advisable to guide them in learning how Bitcoin works. This way, they will know how to gain profits when the market is bullish without worrying too much about losing the $30. In addition, some important lessons like financial management, risk management, investment strategies, and other financial knowledge should also be learned by an investor. To avoid overwhelming the mind, the knowledge can be given little by little.

Aside from understanding how Bitcoin works and its technology, learning technical and fundamental analysis is also crucial to maximizing profits when investing in Bitcoin. From these lessons, people will start thinking about how they can invest with a larger capital and whether Bitcoin is suitable for them or not.

[inthelongrun]

$30 is not a lot of money although it's not bad for a starting capital for a newbie that is still learning. Sooner or later, that person will be knowledgeable enough and knows what is next for him. Is he going to add little by little or is it better to start a simple business in real life with a small capital?

But if that person only has $30 as his only savings, then better to tell him to start looking for another source of income because $30 is not going to make him rich. Maybe you can tell him the potential earning of leverage trading and he might get interested and study thoroughly how to profit from it. But it is indeed very very risky, especially for a newbie.

[Shan85]

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.

If you are investing a small amount of $30 in Bitcoin your chances of gains profit might be limited as compared to someone who invests more $100. Also if the market goes down you lose more money with a smaller investment. The blockchain platforms may have minimum investment requirements so it could be challenging to make effective progress with a very small amount of money. It is important to understand the risks and limitations of investing in Bitcoin with a small amount of money. but overall you get an experience by investing in bitcoin.

[humanvelocity]

You could totally get started with just 30$ or even as little as 5$, I think majority of us here have all started with less than 100$ at somepoint. What is important though is don’t get discouraged when your 30$ don’t turn into 30000$ overnight. Bitcoin few years ago was so different and versatile compared to what it is today. Goodluck and wish you the very to get started 

[bakasabo]

I think it does not matter what is the amount of investment in the start, because an investment is already a huge step towards profit. I think that the smaller investment is, the easier it will be to hold it. A person wont be worried much about price changes during first years. Small investment only can cause small difficulties, such as transaction fees. For example if a person buy $5 Bitcoin on an exchange or directly in a wallet, transaction fee can take half of his investment.

[livingfree]

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?

Do not be confused with investing in bitcoin and saying that one has a minimum amount to invest in blockchain. We can invest in bitcoin but blockchain is tech behind bitcoin. Although technically speaking we're also investing in blockchain as bitcoin per se but IMHO, it's better to separate the two.

It's okay to start small, everyone started small until it became bigger. As a newbie, $30 is a worth it investment for him and that's a good initiative and start already.

Let him enjoy the ride and let him decide if he's up to the challenge of bitcoin's volatility and have him want more eventually.

[Who is John Galt?]

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 this is not the last $30, with which he hopes to improve his financial situation through bitcoin, but just a small amount that he does not mind spending out of interest, then it is quite normal to start with such a small amount. When it's not just an abstract bitcoin, but some amount of satoshi in your own address, learning about bitcoin becomes much more exciting. More expectations that he will understand this in more depth and detail. So I think it's a great start: on the one hand, he won't be too upset when a bearish trend, and on the other hand, it's enough to generate interest.

[traderethereum]

If he plans to invest in bitcoin using $30 each time, that is a good plan, especially if he can regularly invest once a week, fortnightly or once a month.
It will increase the number of bitcoins every time he buys bitcoins at a time of price decline or correction and he can also get a decent profit when the bitcoin price increases.
But if he only buys bitcoins for $ 30 and that's just one time, I think the profit will not be too big compared to the method above.
You can advise him to buy bitcoins at every price correction because the price decreases and every purchase can get him more.

[Dalib]

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 seems reasonable. It is important to understand that the cryptocurrency market is highly volatile and unpredictable, and the amount of money you invest can greatly affect your potential gains or losses.

Starting with a small amount like $30 may limit your ability to make significant progress, but it is still possible to invest in cryptocurrency with a small amount of money. It is important to do your research and understand the risks involved before investing any amount of money in cryptocurrency.

[DevilSlayer]

There is no problem with starting with small amount of money but make sure that you will have an average level of expectation because there are some beginners out there who thinking what they will buy in the future after they make profit from their $20 investment. This is the kind of situtation that we should avoid, there is no problem on starting a money $100 or below and the only problem that I saw is high expectation of the people from their small investment. Remember that in investing world, you are using your money to create more money meaning that the rewards that you have depends on what you put.

My suggestion is start small, build slowly with consistency then if you have spare money put it in your investment wallet if you want to reap the rewards in the future. In this way you can build your portfolio and you can maximize the rewards because your capital is increasing. Also be aware that you should manage your risk very well and always check your psychology because it is the one who helps you to make decision that can help you to achieve your financial goals.

[Ultegra134]

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.

If you are investing a small amount of $30 in Bitcoin your chances of gains profit might be limited as compared to someone who invests more $100. Also if the market goes down you lose more money with a smaller investment. The blockchain platforms may have minimum investment requirements so it could be challenging to make effective progress with a very small amount of money. It is important to understand the risks and limitations of investing in Bitcoin with a small amount of money. but overall you get an experience by investing in bitcoin.

You don't make too much sense. If Bitcoin drops by 10%, you lose 10% of the value of your coins, so despite the amount you're holding, $100, you lose $10 in value. How does that alter when the amount is different? Same thing goes for when it rises in value. It's actually the opposite of what you said—you don't actually lose much on small amounts, but you can't gain much in profit either. There's no reason to have a minimum limit on blockchain purchases; nor is it possible; exchanges already have a minimum purchase. Starting small is fine, but you can't expect to achieve great results by acquiring $30 worth of bitcoin every month.

[cydrix]

Depending on the circumstance, I will either reply yes or no. If you only have $30, are a full-time student, have no other income, or make a meager $50 per month, I wouldn't recommend investing in bitcoin because you won't see a good return. Better still, put that money toward developing new skills that will help you land a better career. I don't think it makes sense to bet $30 that you'll get a high return because you have to pay withdrawal and trading fees.

[Hamza2424]

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, I think you took it wrong, in the loss scenario because when you enter the market with less money you book profit and loss according to the volume of your capital money, Unlike you said, "the person with $30 may likely loss more". For your convenience, let's take an example if you or your friend invested $30 dollars in BTC for the long term (bought at current price) which makes your BTC of around. 0.0010 BTC. Let's say in the long run BTC touches ATH of $100,000 in a few months then your friend will make a profit of $70 dollars on $30 dollars (total $100 dollars). Which i think is just too less because i am not seeing BTC to touch its ATH in this year, maybe it will set its ATH in the next 4 years' cycle halving maybe.

While, let's say BTC went to $10,000 dollars in the month then your friend will take a loss of $20 dollars, but still, one thing is confirmed in spot trading of BTC, That your friend will not lose his/her all capital because chances of going BTC to 10,000$ are so impossible But this is crypto which is the name of volatility. I will advise him to use those $30 dollars in future trading but I personally do not perform future trading and also do not recommend others because it's so risky, But he can start spot trading (day trading or swing trading) by making an entry in the market when the right time will come. Like, he should wait for the right time, even if he has to wait for days, because without a future, and less money only the right time strategy will do the work.

[wahyuagung26]

What do you think about my advised to him?

As with people who are trying to make investment turnover at relatively low numbers some of them are looking for investment knowledge and experience, starting with $ 30 is indeed a good start and more appropriate later they can continue to put aside a little to try to increase and this may be a follow-up when he has started to invest, although in a small quantity we feel is a good start for him to start with.

[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.

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.

you probably didn’t understand what I wrote. I wrote further that he needs to replenish his wallet further and not continue to keep the same amount. It’s also clear that if you have only $ 30, then in two years his balance will not grow much .Therefore, you need to replenish by more significant amounts, if possible, in order to increase your capital.