Is $30 dollars worth starting bitcoin?

[nullama]

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.

Yeah, I think it's fine to use $30 to simply start to understand how Bitcoin works, how to get it, transfer, etc.

Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.

[fuguebtc]

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.

Yeah, I think it's fine to use $30 to simply start to understand how Bitcoin works, how to get it, transfer, etc.

Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.

Frankly, starting with $30 can only help you understand how bitcoin works and acquaint you with some basics like receiving and transferring bitcoins. In terms of returns, I don't think it's a good start. You can't expect to make huge profits with just 30$, bitcoin is not a pump and dump game like shitcoin, not a vehicle to get rich quickly with small capital. If 10 years ago, that amount of capital was indeed a good start to hold bitcoin, but now the price is high, with that small amount of capital, it is difficult to do a miracle.

[Bitcoin_people]

I like your advice very much especially I think it is best to start small to invest in Bitcoin. For example, if a new investor buys Bitcoin, he must know about the future and past of Bitcoin. If a person is interested in investing his little money in Bitcoin then it is a very good venture for him. And later when the bitcoin market will increase, he will get some profit from his small money and will be more interested to invest his bitcoin later.so I think it is best to invest small and later increase the profit of his investment little by little, he can definitely earn good profit.

[jeraldskie11]

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.

I disagree that the lower the capital in your investment, the more the loss. Because the greater your profit, the greater your loss if the price falls in the opposite direction.

For example, if you have $100 in capital and profit $30 from a 30% increase in price, you will also lose $30 if the price falls 30%. So, if your capital is $30, you will undoubtedly gain less if it rises, and you will lose less if it falls. Based on my experience with Binance, the minimum trade size is $10USDT. And $30 is more than the bare minimum. I'm not sure what the minimum is on other exchanges.

So, depending on your vision and ambitions, $30 can be a suitable starting point for investing. Some people take it as a challenge in the hopes of increasing their investment if it succeeds.

[nullama]

~snip~
Frankly, starting with $30 can only help you understand how bitcoin works and acquaint you with some basics like receiving and transferring bitcoins. In terms of returns, I don't think it's a good start. You can't expect to make huge profits with just 30$, bitcoin is not a pump and dump game like shitcoin, not a vehicle to get rich quickly with small capital. If 10 years ago, that amount of capital was indeed a good start to hold bitcoin, but now the price is high, with that small amount of capital, it is difficult to do a miracle.

Yes, of course.

But starting now with that $30 will put their attention in the right place.

And that will means that their mind will be in the right place, and they will be able to get more Bitcoin in the future.

If they don't use those $30 for Bitcoin time will just pass and they will never put their attention into what's relevant.

[serveria.com]

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?

The cool thing about Bitcoin is that you can invest virtually any amount. $30 is not too bad. If you can afford to invest $30 regularly (DCA), like for example every week, you can reach decent results. Of course, a single $30 investment won't take you anywhere far.

[S A KHAIR]

Honestly, it's too small an amount to invest, and you can't expect you can make tens of thousands of dollars with just $30, bitcoin doesn't provide that feature for you. If you want to become rich with bitcoin, other than you have to have a large amount of capital, you have no other way.

[CarnagexD]

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's when leverage kicks in. And it is an advantage of cryptocurrency because it is easily accessible on different platforms such as centralized exchanges like binance. With his $30 he can leverage it into 2x-100x and make a grandeur return. HOWEVER. Leverage is a double edge sword. As much as it is fast to double your money, it is also fast of taking your funds away from you. Your funds can be gone or can be multiplied in seconds. There is no restrictions. Only you set your own rules. That is why most fail

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 spent 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.

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Or instead, one can buy and hold. Investing incrementally over a series of times. Little by little, those little investments become a lot. In any case, it is his funds, all risk that he would take must first be his financial decisions.

[MiF]

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 cannot deny the fact that there is a big advantage if you start in a big capital, big capital can earn big profit, but if you start with small capital you can only earn small, i also experience buying btc in a small amount and i have a big regrets after seeing btc rise very quick i started ask my self why i only put up a small capital now i only earn small profit. But we cannot blame our self because investing in crypto is very risky and we need to be whole hearted anytime because the price is unstable.

[Lantind]

Yeah, I think it's fine to use $30 to simply start to understand how Bitcoin works, how to get it, transfer, etc.

Of course it won't matter too much in terms of capital gains, but it would be a game changer in the sense of getting real world experience of Bitcoin.

Yes, with this he can start to know about Investing and Bitcoin, starting from how it works and some other knowledge, maybe $ 30 is a small number but this doesn't matter, because even though the numbers are small at least they will have a good cycle year what actually happens in the investment later.

[AnonBitCoiner]

There is no limitation of the amount to be invested it just depends on you income that how much money you can put into bitcoin. $30 are good portion to be invested and as you talk about the profit that $100 will have greater profit than $30 so yes it right but taking start with little amount is also a good option.

If he evaluate his knowledge with this $30 then may be he use more amount of money for bitcoin investment because desire increase when the profit of a person increases. Staring with any amount is better may be its little or more but try to understand about the market with this little amount and do not rushes to make huge income at once with putting overall amount into it.

[abralzain17]

starting an investment does not have to use funds with a large value, I think $ 30 is a good value for beginners to learn to invest in digital currency or in bitcoin.
if from $ 30 you are able to understand how the investment process is here, and are also able to read market movements or market analysis then you can recommend it for investment with even higher values later.

[nullama]

~snip~
Yes, with this he can start to know about Investing and Bitcoin, starting from how it works and some other knowledge, maybe $ 30 is a small number but this doesn't matter, because even though the numbers are small at least they will have a good cycle year what actually happens in the investment later.

It can be the first step in a long Bitcoin life. That person might change their jobs and start getting paid in Bitcoin. Who knows, maybe that small decision in the present might create a bright future for you.

The amount is not that important, what matters is to start. Time is key for Bitcoin, so it's a good thing to start as soon as possible.

[Yatsan]

Any amount would do. Having the thoight or even having the courage to spend a dime investing not only to Bitcoin but also with other form of investment should already be something to be proud of. You are not required to go up against other bigger investors in this industry. You just have to bet for your own sake. Any amount will do as long as you would be determined and dedicated to wait for its potential profit but ofcourse things will have limitations; the bigger the investment, larger the profit. So if you think the amount you would invest is not as big as what you actually desire then atleast manage your expectations on the profit potential. But again, what is important is the idealization to invest which can be used over future endeavors.

[lienfaye]

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 $30 is what he can afford to start investing in Bitcoin, why not? Isn't it good that he just want to try first in small value to experience investing in Bitcoin? It might really different for some investors who started with huge capital but it's not an issue here. What matter is he started his journey regardless of the capital he use to buy, it's the start for him to grasp how it really works. Then he can decide later on if he wants to continue buying more, the market is unstable and there's always a chance to buy Bitcoin if there's a correction.

Just guide him so that he will not be tempted to commit a wrong decision along the way, that's what you can do to help him to be on right path.

[tonySc]

Even if $30 is a small amount, it is still worth to make him familiar with the buying process, using a wallet.... Then it's up to him to believe in the project and invest more.

[Farma]

well, he can start investing in bitcoin from $30 as long as it is value he is willing to lose. Besides that, apart from explaining how the system makes profits in investing in bitcoin, I might also emphasize that this is a risky investment.
With $ 30, the percentage of profit he gets will not be too big, and the value of the profit he can get is directly proportional to the value of his investment. the higher the investment he gives, the greater the potential for profit. however, the risk is also greater.
If your friend is as consistent in investing as he would be in investing the $30 he has in bitcoin, then that's a good move. however, if he is only out $30 and trying to increase his value from $30, then I might recommend investing in a less expensive altcoin.

[LittleBitFunny]

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 cannot deny the fact that there is a big advantage if you start in a big capital, big capital can earn big profit, but if you start with small capital you can only earn small, i also experience buying btc in a small amount and i have a big regrets after seeing btc rise very quick i started ask my self why i only put up a small capital now i only earn small profit. But we cannot blame our self because investing in crypto is very risky and we need to be whole hearted anytime because the price is unstable.

I agree that large capital is an advantage in investing because it gives a higher return, but when starting, only the minimum amount of capital should be used to get used to everything because investing is risky. You invest a small amount and feel sorry to see the market go up because you didn't invest more, but if unfortunately, the market dumped, you will feel quite lucky that you did not invest a large amount.

Investment should not be rushed, do not be afraid to miss the opportunity but invest greedily and blindly. Instead, invest slowly and experience the market, and don't be afraid of not having an opportunity for yourself, as long as the market exists, the opportunity will always exist.

[GigaBit]

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.

The cryptocurrency market has been bullish and bearish for a long time. Suppose you invested only $30 in a bearish market of $20,000 price and when the market reaches $40,000, you will make $30 and the person who invested $100 will make $100. How much will you profit if the market starts a bullish movement and rises to an all-time high like $100k per btc? If the market reach $100k you will profit $120 if you invest $30 and what will you do by this amount? Invest strongly in something where you can get good returns even after a long period of time. After waiting for a long time, if the money is not received as expected, it can lead to resentment towards the investment. In my perspective invest $30 in many cases not suitable for investment.

[ElmedoRator]

I remember there was a story of someone on the forum sharing that the process of him quitting smoking and using them to invest in bitcoin, with just a small amount of money every day buy bitcoin and can also save a small amount and also help to protect health. I have no problem starting with using a small amount of capital to invest, what I see is the reality of where I am, if I am poor and have no money, then work and study to improve myself have money to invest strategically.