Is $30 dollars worth starting bitcoin?

[gunhell16]

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?

For 30$ he can start trading in crypto. It's just that the process of its growth takes a long time and it depends on the idea and knowledge that he has for it.

Unless he is deeply experienced in this crypto trading dude, but if this is a newbie, maybe that is good as an introduction and training in trading here. Because you know that trading in this field is not really that easy to say that you can grow your capital immediately, of course, that is not the case because the market here is unpredictable and that is because of volatility.

[1714725317]

1714725317

[Cookdata]

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's beauty lies in its ability to allow you to purchase some sats, regardless of how much one BTC is worth. but when it comes to the term of investment strategy, it is challenging to earn significant profits unless you acquire a considerable amount of BTC especially as the current price of BTC is so high, it may be difficult for an average person to afford it.

What I will advise your friend to do is that, he should try and increase the money to $100 even if he is not financially capable, it may be too small for some people but I think that is reasonable enough for some good profits when Bitcoin goes up in value and since BTC is more safer than altcoins, I will prefer he sticks to Bitcoin with his small amount and gains something tomorrow than lose everything on shitcoins.

[tjtonmoy]

What do you think about my advised to him?

I don't think this is right. Anyone can start their journey at any amount of money with Bitcoin. But they need to have the will to hodl for a long time. Yes, the market is facing some tough time. But it will be back to its former glory again. If they have the right mindset to think like this, then they are good to go with any amount of money. Also they can add to the investment little by little.
So I guess you need to know a bit too. This is just what I think. You can have your own opinion. And I respect that too. But you need to start your journey. And many advice that you start low and work your way up to the leaderboard. So your advice has some flaws.

[Synchronice]

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?

Is this a serious question? Cmon guys, bitcoin is a hot thing right now with a huge market capitalization, how can one expect to see dramatic gains via such a small amount of money? It's not 2010, it's not 2016, it's 2023. Even the 2020 year was nothing special for bitcoin in terms of % gains and with such a huge market capitalization and with such a huge price, I hope your friend doesn't think that he will turn his $30 into $30 000 with the help of bitcoin.
Never chase a hot thing, once something gets super popular, that's not that much profitable anymore! Altcoins have potential, for example coin called Matic had a dramatic progress in 2020, it easily gained more than 100x of it's first price.

[Fivestar4everMVP]

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?

Well, you are wrong, and this is because your advice is not clear enough, and also not exactly the truth.

And simple, yet a straight forward self explanatory advice would have been "the more money invested, the more profit you make if you assets increased in price, likewise, the more money you are likely to lose if the price of the asset drops", but also remember that even if the asset price drops, you are not in lose, until you sell, this simply means that, as long as you keep holding, there is always a chance that the asset price will recover and yield profit for the holdler.

More money invested in bitcoin will mean more supposed loss, if the price of bitcoin drops,
So also, more money invested in bitcoin will mean more profit, if the price of bitcoin increases.

[Obari]

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

The simple answer is yes.
One can start his or her cryptocurrency or maybe Bitcoin journey with relatively a very small capital as low as 5 dollar on centralized exchanges but I don't think that will be possible on decentralized wallets that might require upto 10 or be 20 dollars inclusive of the transaction fees and maybe some hidden charges but he shouldn't be expecting to make same profits as that of someone with a much more higher profit.

More money invested in bitcoin will mean more supposed loss, if the price of bitcoin drops,
So also, more money invested in bitcoin will mean more profit, if the price of bitcoin increases.

I agree with the more profit but I think someone with a relatively small capital might easily get liquidated than some with a much more higher capital if the price drops.

[serjent05]

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?

Is this a serious question? Cmon guys, bitcoin is a hot thing right now with a huge market capitalization, how can one expect to see dramatic gains via such a small amount of money? It's not 2010, it's not 2016, it's 2023. Even the 2020 year was nothing special for bitcoin in terms of % gains and with such a huge market capitalization and with such a huge price, I hope your friend doesn't think that he will turn his $30 into $30 000 with the help of bitcoin.

Well, @OP had stated that his friend won't get a huge profit from his investment unless he allocated bigger funds.  But for a starter, a $30 as initial amount to buy Bitcoin isn't a bad move especially when the plan is to accumulate or DCA Bitcoin while waiting for the market to surge or planning to buy Bitcoin continuously for two halving events.

Never chase a hot thing, once something gets super popular, that's not that much profitable anymore! Altcoins have potential, for example coin called Matic had a dramatic progress in 2020, it easily gained more than 100x of it's first price.

The thing is Bitcoin market is cyclical, so it is a waste to take advantage of the Bitcoin market opportunity when it opens a window for market entry.  Aside from that, although Bitcoin is a hot thing, its market and industry is still young and has a lot of room to grow.  Saying that, ignoring Bitcoin because it is currently a hot thing is like wasting profitable opportunity.  I can get your point but Bitcoin market is very different from shitcoin market.  Shitcoin market tends to get hot then dump to oblivion.  Bitcoin market is not like that.

[The Cryptovator]

Initially, the amount of your investment isn't crucial, even if it's less than $30. Becoming a Bitcoin investor doesn't require a specific amount to be invested. The key point is that investing a small amount can enable you to gain knowledge about Bitcoin. Once you understand how Bitcoin works and how effortless it is to transfer funds without a third party, you may feel inspired. If someone asks you about Bitcoin, it's advisable to encourage them to learn more about it.

[puloweh555]

What you need to remember friends is that you don't have to be rich to invest in Bitcoin or other digital assets. As a decentralized type of asset, Bitcoin gives your friends from various backgrounds the opportunity to participate regardless of their capital. However, it is important to remember that investing in Bitcoin, like investing in any other type of asset, carries risks and must be undertaken with caution. With a capital of $ 30 I think it's good to do with DCA ie pay in installments every week or month if he has more capital.

Because Bitcoin was not designed for get-rich-quick investment purposes. Instead, the main purpose of Bitcoin is as a decentralized and secure alternative payment method. However, investing in Bitcoin can provide significant profit potential in the long term, especially if your friend is willing to stick with his investment for a long period of time.

So, to answer your friend's question about investing in Bitcoin with small capital, I would advise him to consider factors such as risk and investment goals before deciding to invest in Bitcoin. In addition, I will emphasize the importance of conducting research and developments regarding Bitcoin, as well as investment strategies that can help increase the chances of long-term profits.

[Forever101]

Your advice is good but you need to consider his level of understanding as regarding cryptocurrency and Blockchain, this is to avoid loosing beyond what he can afford as a newbie. First time investors tend to fomo when the price is going down. Starting with a money he can afford to loose can put him on the part to understanding the concept, working mechanism and the dynamism of the crypto market. As first time investor, his goal should not be profit oriented. From point of view, I suggest he start that amount of money to learn, after gaining knowledge he can proceed to invest with hundreds to thousands of money. 

[RiverBoy]

I have come and cross these questions from my friends that I told about Bitcoin investment and trading and other alt-coins, which is simply means the higher the amount of money you invest and the higher of the profits return, like wise the anticlockwise part, that of the market after buying and the market dip, that is how the lost. Therefore entry point matter a lot in cryptocurrency trading or investment.

[Raflesia]

And simple, yet a straight forward self explanatory advice would have been "the more money invested, the more profit you make if you assets increased in price, likewise, the more money you are likely to lose if the price of the asset drops", but also remember that even if the asset price drops, you are not in lose, until you sell, this simply means that, as long as you keep holding, there is always a chance that the asset price will recover and yield profit for the holdler.

More money invested in bitcoin will mean more supposed loss, if the price of bitcoin drops,
So also, more money invested in bitcoin will mean more profit, if the price of bitcoin increases.

This is a pretty good point, actually it doesn't really matter how much you can afford to invest, but the bigger the investment, the more likely the condition is that the bigger the profit you will get.
But in this case for beginners it seems quite clear that being at the starting point where to start is quite good because the first thing you see is not the advantages but experience and of course with that you can have something new to learn further.

[CryptSafe]

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?

Hey mate, I think your response or answer to your friend is not really fair. As we all know bitcoin  price increases and  decreases by percentage and therefore whatever every investment one puts in is multiplied by the number f percentage increase in bitcoin price likewise when in decline.

Crypto market is a kind of market investment where by when one invest more or higher, the profit in waiting When the market goes up increases too same when the market goes in decline the losses too replicate itself with the volume of the investment. Just as @fivestar4evermvp has explained so it is.

[LastKiss]

~snip~
What do you think about my advised to him?

Anyone can start to invest in Bitcoin at any amount, depending on the person if they want more profit in the next bull run then they should start with decent capital. As long as you use your money that you can afford to lose then any amount is acceptable, never invest in crypto if you're got in FOMO or just following your best friends since the risks here is really big and you should do some research too. 

[Mahanton]

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 would really be just common sense that if you do invest small then dont expect that increase or gains would be big.It would really be that subjective into the amount which you are really that investing.
We know that the bigger the better but of course it would be depending on the risks which you could involved on because we know that there's no assurance when it comes to investment plus we do
have that so called risks involved which is something that we do really need ourselves to be aware and be accepting since in the first place. This is why it would really be varying and depending
on how much you do invest on.You would be finding for yourself on how fast or slow you would be gaining or losing.

[n0ne]

Even $10 invested into bitcoin will bring profit. All that required is the patience and the understanding about the market. People have difference of opinion. One should not consider it an investment to be rich. It needs to be prioritised as an investment for the future. Depending on the amount invested will be the profit. Majority of the people have suggested to go with the DCA technique. This is quite good, because unlike the amount spend and the price of bitcoin we were able to buy Bitcoin at an average price. One thing to be noted, should not buy for $30 and leave it. Continue to buy at regular time interval.

[Bushdark]

~snip~
What do you think about my advised to him?

Anyone can start to invest in Bitcoin at any amount, depending on the person if they want more profit in the next bull run then they should start with decent capital. As long as you use your money that you can afford to lose then any amount is acceptable, never invest in crypto if you're got in FOMO or just following your best friends since the risks here is really big and you should do some research too. 

We can start to invest in Bitcoin with any amount of money we want and is something that don't have a fixed price for one to start. There are people that started investing in Bitcoin with $10 and with time there portfolio increase and more money was invested in the coin they like or want to get. Just like trading, we can trade with  any amount that we want depending on the exchange that are supporting it. We need to know many things about where we tend to buy or keep our money.
We should also make sure we keep our money save from people that might want to take advantage of us.

[qwertyup23]

...
What do you think about my advised to him?

Basically, any value is applicable when starting an investment in BTC. Due to its price volatility, its price may either skyrocket or drop depending on several factors both intrinsically and extrinsically. Though some investors prefer to HODL their BTCs in order to maximize the potential gain at the end.

If a person is starting with $30 worth of BTC investment, I do recommend investing it for short-term and cashing it out as soon as the price increases and he is able to recover his initial investment. From there, he can re-invest the amount and take advantage of its price for more gains in the future.

[Mauser]

What do you think about my advised to him?

If a friend asked me how much he should invest in bitcoins for his first investment I would tell him to use as much money as he can afford to lose. 30 USD would be better than 10 USD, and 100 USD would be better than 30. It all comes down to his financial situation and what free money he has available. The best situation to buy bitcoins would be to make constant purchases every month of 50 or 100 USD at least. Another important thing is to remain realistic about the future growth of Bitcoins. When you buy only 30 USD it's not like you expect to make a profit of 50 USD in a few weeks. The times of making high returns overnight are over.

[Lorence.xD]

If your friend doesn't have any idea to Bitcoin I guess $30 is a good start for him. Let him explore first and be familiarize on how Bitcoin works of course he should have prior knowledge first. Because it's easy to enter the market in any amount, but it will get easily liquidated if he don't have background into Bitcoin. Any amount is a good investment but of course with that amount it will take a long time of process for you to earn a huge amount of profit. That's fine you don't have to rush yourself you could take your time with a slow phase.