Is $30 dollars worth starting bitcoin?

[Sayeds56]

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?

You are correct that crypto currency market, including Bitcoin, can be very volatile and value of your investment can fluctuate rapidly. Therefore conduct your own research before making investment decision. However, there is no problem with starting investment in Bitcoin with any smaller amount of money, however it is advisable to invest your savings in Bitcoin regularly, in particular when market is in down-trend. This strategy can help you to accumulate more Bitcoin holdings and increase the possibility of generating significant profits in future when market is in on an upswing.

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[danadc]

I recommend that this be the case with 1 dollar, it is always Convenient to invest in bitcoin, there should not be any danger and if there is,the forum is present here,the articles and on YouTube some are aware of the scope of BTC, but If you are a person who does not have any type of financial culture, it is difficult for you to open your mind to btc if you have many people around you who do not believe in it, but 30 dollars is good on the condition that you can Continue putting more money into it.

[DeathAngel]

$30 isn’t going to make him rich, investing in bitcoin. It’s 2023 now, not 2010.

Investing $30 in bitcoin is better than leaving $30 in his fiat bank savings account with 1% interest or whatever crap rates they offer these days.

$30 is a very small amount but it’s a start I guess. Tell him to dollar cost average into bitcoin every month he gets paid, it’ll soon build up.

[JoyMarsha]

A $30 investment in bitcoin is equivalent to silently throwing a tiny stone into a bucket of water without a sound. That implies that $30 won't see much of a gain even if bitcoin chooses to rise longer than anticipated.

I have advised people who want to invest in bitcoin on numerous occasions that they cannot achieve the financial freedom they seek by small investments in bitcoin, but they can choose to do so with small investments in alternative cryptocurrencies that have the potential to make them millionaires within the next few years instead. That being said, It all comes down to accepting the risk and identifying the appropriate altcoins that can produce such returns.  

[Woodie]

Your output determines your input, therefore if you are expecting a return of ten thousand dollars don't expect an input of a dollar to make it happen.. Of course we all need to start from somewhere and if that 30 dollars is committed to crypto investments then several years have to go by before a decent return is achieved... But sometimes starting small is the best way to test the waters.

A $30 investment in bitcoin is equivalent to silently throwing a tiny stone into a bucket of water without sound. That implies that $30 won't see much of a gain even if bitcoin chooses to rise longer than anticipated.

metaforically speaking like the word play in this!

[kawetsriyanto]

$30 isn’t going to make him rich, investing in bitcoin. It’s 2023 now, not 2010.

Investing $30 in bitcoin is better than leaving $30 in his fiat bank savings account with 1% interest or whatever crap rates they offer these days.

$30 is a very small amount but it’s a start I guess. Tell him to dollar cost average into bitcoin every month he gets paid, it’ll soon build up.

OP said $30 for starting a Bitcoin investment, he didn't aim to be rich with $30. If you want big profits, surely you need a bigger amount of money. And if you just begin your journey of investing in Bitcoin, $30 is enough. The main goal is for learning and gets experience, a beginner shouldn't expect for being rich in his first investment in Bitcoin.

By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.

[Marvelman]

OP said $30 for starting a Bitcoin investment, he didn't aim to be rich with $30. If you want big profits, surely you need a bigger amount of money. And if you just begin your journey of investing in Bitcoin, $30 is enough. The main goal is for learning and gets experience, a beginner shouldn't expect for being rich in his first investment in Bitcoin.

By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.

That's a good point! If you're new to investing, then $30 might be just enough to start learning how it all works. It's not about getting rich quick or anything, but more about learning and getting experience. Once you feel like you've got the hang of investing in Bitcoin and you're feeling more confident, adding another $50 or $100 to your investment can help you grow your money. It's all ybout taking calculated risks.

[uneng]

OP said $30 for starting a Bitcoin investment, he didn't aim to be rich with $30. If you want big profits, surely you need a bigger amount of money. And if you just begin your journey of investing in Bitcoin, $30 is enough. The main goal is for learning and gets experience, a beginner shouldn't expect for being rich in his first investment in Bitcoin.

By the way, OP doesn't want to have savings, he wants an investment. So, storing the money in banks won't be the right solution. Also, $30 is too small money for storing to the banks.

That's a good point! If you're new to investing, then $30 might be just enough to start learning how it all works. It's not about getting rich quick or anything, but more about learning and getting experience. Once you feel like you've got the hang of investing in Bitcoin and you're feeling more confident, adding another $50 or $100 to your investment can help you grow your money. It's all ybout taking calculated risks.

It's important to invest only the amount you can afford to lose. But since you respect this basic principle it's advised to invest most money as possible in Bitcoin before another opportunity is wasted, that can be translated in one single word: halving.

It's fine for OP to invest just 30$ bucks for now, although I hope he doesn't take too long to understand how benefical this investment is, so he can start putting more money in BTC before the next bull run that is expected to happen between 2024 and 2025.

With a single investment of 30$ it's possible he can double or triple it without much difficult in one or two years.

[xSkylarx]

$30 isn’t going to make him rich, investing in bitcoin. It’s 2023 now, not 2010.

Investing $30 in bitcoin is better than leaving $30 in his fiat bank savings account with 1% interest or whatever crap rates they offer these days.

$30 is a very small amount but it’s a start I guess. Tell him to dollar cost average into bitcoin every month he gets paid, it’ll soon build up.

The goal is not to be rich but just to start investing bitcoin. It may small but it is a good start than having not investing on it whether it will be double or not it is still and investment which you can also accumulate over time by adding it when you receive your salary. But we dont know soon that because he starts out $30 he keeps motivated to adding more in bitcoin and eventually he accumulated 1btc over time

[nullama]

~snip~
The goal is not to be rich but just to start investing bitcoin. It may small but it is a good start than having not investing on it whether it will be double or not it is still and investment which you can also accumulate over time by adding it when you receive your salary. But we dont know soon that because he starts out $30 he keeps motivated to adding more in bitcoin and eventually he accumulated 1btc over time

True.

I don't think most people realize that when they have "their" money in the bank, they can lose access to all of it any second.

With Bitcoin, that simply doesn't happen because there's no middleman involved.

It's a game changer.

[tygeade]

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.

I agree, if you rush int other market then you are going to have a bad result, but if you are careful about it then there is a good chance that you could end up with a better result, most people rush int other market and they lose a lot of money, that is the bad side of crypto right now, and should not be done.

I believe that the best thing to do at this moment would be making sure that bitcoin is not doing badly anymore, right now it is at a bear stage but a small one, I feel like it is a drawback and it will go back up, right now you could slowly start to get in. But even right now, when it is lower, I wouldn't advice getting in with all of your money, put just a bit in, and wait for it to either recover or go worse, if it does go worse then you can get in some more and keep doing that over and over again.

[ChiBitCTy]

I for the love of me couldn't understand anything you said in this post.  I know English is not your first language, but this doesn't make a lick of sense.

Now what you're probably trying to ask is it worth putting even a very small amounts of bitcoin and the answer is YES. But he better have other more traditional investments in his portfolio.  You need to have a foundation of typical stuff (savings account, retirement plan, brokerage account etc) then for more risky "investments' which bitcoin is not an investment my nature.

[rhodelmabanal]

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?

You are right the high risk investment can get a big profit while if you only invest 30$ that is not high risk because it is not big money so in small capital we also earn small profit, it is really hard to choose because if we invest big amount and we will loss we will have a big regrets but if we earn small because of small capital we will also regrets for not investing big amount it maybe depends on luck.

[Nheer]

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.

We have seen cases where people start with little investment and were able to make good profits from it, so its not dependent on the amount you start with but the most important thing is you are in possession of bitcoin (the future). There is popular saying that goes “Don’t invest what you can’t afford to loose”. A starter might not want to invest big from the beginning but as time goes on and as his knowledge about bitcoin widens he would want to invest more and the best part is he can always invest more and more anytime he feels the need and gradually his investment will grow. DCA is ideal for folks who are hesitant to make large investments at once.

The amount you begin investing impacts both the percentage of profit you make when the market is rising as well as the percentage of your loss when the market is falling.

What do you think about my advised to him?

I suggest you just let him invest an amount the seems right for him so he won’t end up thinking about his investment and always checking charts of bitcoin price. He can always start small and after some time he can keep topping up his investment.

[YUriy1991]

I think if you want you can start investing in Bitcoin $30 is a good start, I invested around $50 for the first time. If someone can't buy much DCA is the best strategy IMO.

Of course! It is always a smart move to start small is always a wise choice, and investing $30 in Bitcoin can be a good way to jump in the water. Investing $50 like you did can also be a great start. Dollar cost averaging (DCA) is a great strategy for those who can't afford to invest large amounts of money at one time.

I think this is also good because it is one of those strategies where one invests a fixed amount at regular intervals to smooth out the ups and downs of the market and if one does have some other cold money that doesn't interfere with daily spending it can be used as an additional investment.

[peter0425]

What do you think about my advised to him?

You have already told him enough mate  because you have pointed what is important for him to understand that there is no certainties here in crypto investments specially
in bitcoin that is very volatile and also the target of all FUD .
but if you wanted to extend your advises?
then better to tell him that He must be ready to keep that Bitcoin for long term instead of short term.
since he is only depositing 30 dollars meaning this is just a start up right?
or at least dry running of His plans inc rypto world.




understand and learn the graphs and he will find how it goes

[Reatim]

I think if you want you can start investing in Bitcoin $30 is a good start, I invested around $50 for the first time. If someone can't buy much DCA is the best strategy IMO.

Of course! It is always a smart move to start small is always a wise choice, and investing $30 in Bitcoin can be a good way to jump in the water. Investing $50 like you did can also be a great start. Dollar cost averaging (DCA) is a great strategy for those who can't afford to invest large amounts of money at one time.

I think this is also good because it is one of those strategies where one invests a fixed amount at regular intervals to smooth out the ups and downs of the market and if one does have some other cold money that doesn't interfere with daily spending it can be used as an additional investment.

i cannot deny the fact that I even start investing in crypto(not bitcoin specifically because altcoin is my first coin) amounting small amount lol as much as 20$ that time if I am not mistaken.
but now look at how much I am holding, that my coins are valuing enough for my family needs in case there is a big problem happens in future.
so let it be guys, invest the smallest amount you can afford to lose.

[Ptb73]

You can start investing with any amount, it's not a problem. It's just that the more you invest, the more profit you can get.
I think it's okay to start with a small amount in order to gain more experience and knowledge. Perhaps in the future this person will have more free funds and he will already understand crypto.

[imamusma]

i cannot deny the fact that I even start investing in crypto(not bitcoin specifically because altcoin is my first coin) amounting small amount lol as much as 20$ that time if I am not mistaken.
but now look at how much I am holding, that my coins are valuing enough for my family needs in case there is a big problem happens in future.
so let it be guys, invest the smallest amount you can afford to lose.

I honestly don't know what country you're from, I mean do you know what the $20 exchange rate is if you convert it to my country's official fiat? $20 is IDR 296,900 which is probably quite a fair amount to cover 1-2 days of needs for non-formal workers. That to me is a decent amount of money to invest into bitcoin to start with, and when they have a bigger budget then of course you can accumulate more whenever you want.

It doesn't matter what budget you have because investing is not always about how much you have but sometimes how consistently you do it when you want to earn something in the long term. It's better to start with a small budget to be big than to start with a large budget to be small.

[dothebeats]

$30 isn’t going to make him rich, investing in bitcoin. It’s 2023 now, not 2010.

Investing $30 in bitcoin is better than leaving $30 in his fiat bank savings account with 1% interest or whatever crap rates they offer these days.

$30 is a very small amount but it’s a start I guess. Tell him to dollar cost average into bitcoin every month he gets paid, it’ll soon build up.

All great things started small. It's better to keep that $30 in bitcoin rather than in a bank. There are cases wherein the bank charges you for maintenance fees and all that stuff that they should have paid for themselves. I once lost $100+ to fees that I paid to the bank without me knowing what those fees are for. Tried asking them to cancel those but just told me that those cannot be overturned because it has been a few months since those charges appeared. While there are banks that do not do these, I know that most would, in a heartbeat.

It's like robbery in daylight, except that the robbers are legally allowed to take what you have. At least in bitcoin, the fluctuations may sometimes be in your favor, and it will always be as long as you do not try and sell at a loss.