Is $30 dollars worth starting bitcoin?

[Twentyonepaylots]

$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.

Indeed. You have to start somewhere or in this case, starting with certain amount that is regardless of whether it is small, it is still a step forward on having investment in bitcoin. As long as that amount of money is the one you are willing to risk, then do so, it is still better for it to be invested into something rather than be stuck on a bank account yielding to almost nothing in return. At least, with this investment you can see that it has potential to grow and would motivate you to invest more that is within your risk tolerance in regards with your money.

[1715273570]

1715273570

[1715273570]

1715273570

[Renampun]

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 see your suggestion is good. people who start investing in Bitcoin with small capital will only get small profits too, conversely, those who invest with large capital will get big profits too, but you don't explain that Bitcoin won't make someone rich in 1 night. btw, I'm already wary of giving advice to people who only invest small money in bitcoin, most of them hope to make 1 million dollars by just buying $50 worth of bitcoin LOL

[ZAINmalik75]

I see your suggestion is good. people who start investing in Bitcoin with small capital will only get small profits too, conversely, those who invest with large capital will get big profits too, but you don't explain that Bitcoin won't make someone rich in 1 night. btw, I'm already wary of giving advice to people who only invest small money in bitcoin, most of them hope to make 1 million dollars by just buying $50 worth of bitcoin LOL

I have believed every one having his own view and mindset because for me still investing $30 in bitcoin is good because if we keep going with our predictions and have sometime for checking charts this can go better in few months with the view of bitcoin nature is unpredictable but if someone wants to invest for long time this is still good idea even it's not making him rich but still can give better profit which can solve his issues and also can help in real life for many other problems as well.

Bitcoin is future no one having doubt about this all with the latest updates and technology things looking much better and surely these small investments will also have worth for investors but still I will recommend if someone wants to investment he needs to read all plus and negative points of bitcoin and its investments as well.

[bettercrypto]

Of course it is possible for a start, and if you can make it grow by at least 1$ a day or more because the trading fee is also small and it depends on the exchange you use. it means you are good at trading activity and you have knowledge of cryptocurrency.

     Just don't take a risk if you know how to avoid wasting the money you put in there, because whether your capital is small or large,
we should appreciate it.

[nullama]

Of course it is possible for a start, and if you can make it grow by at least 1$ a day or more because the trading fee is also small and it depends on the exchange you use. it means you are good at trading activity and you have knowledge of cryptocurrency.

     Just don't take a risk if you know how to avoid wasting the money you put in there, because whether your capital is small or large,
we should appreciate it.

Selling Bitcoin for fiat doesn't make too much sense to me, unless you're using fiat as an intermediary to buy something "real", like a house, etc.

Fiat itself is not a great form of money, so it would be better to just keep it as Bitcoin until you need it.

[summonerrk]

Of course it is possible for a start, and if you can make it grow by at least 1$ a day or more because the trading fee is also small and it depends on the exchange you use. it means you are good at trading activity and you have knowledge of cryptocurrency.

     Just don't take a risk if you know how to avoid wasting the money you put in there, because whether your capital is small or large,
we should appreciate it.

As a percentage, increasing $30 per dollar per day is a lot. That's three percent a day. It is better to earn at least another hundred dollars on the forum, and then try to increase this amount as a percentage.
There is a golden rule that small amounts need to be increased by arithmetic progression (just adding money by earning fiat, on the forum, etc.), but large amounts - by geometric progression (trading, deposits, and everything that increases the amount multiplied by a percentage). Then it all makes the most sense.

[Easteregg69]

Make it 60 per month. If you can afford it. 60 on ADA and 60 on BTC. Ada for purchases. BTC for store of value. Your pension fund.

Trevon says 10 dollars per week if you don't want to work next year.

[Josefjix]

Of course it is possible for a start, and if you can make it grow by at least 1$ a day or more because the trading fee is also small and it depends on the exchange you use. it means you are good at trading activity and you have knowledge of cryptocurrency.

     Just don't take a risk if you know how to avoid wasting the money you put in there, because whether your capital is small or large,
we should appreciate it.

Taking risks has become a daily practice for consistent traders, and some even go so far as to increase their lotsize in order to quadruple their trading money. Generating money in trading is simple if you follow 80% accurate fundamental or technical analysis. Trading is risky; even professional traders lose money. $30 is a fair amount to begin trading bitcoin; however, considering it is a cryptocurrency, one must exercise extreme caution when placing trades. Risk management is another component that contributes to effective support for traders and decreases trading account liquidation.

[Little_Sister]

That depends. Does the person with 30 dollars want to make more money in the near future or does he need the 30 dollars right now for something important, like paying his bills or buying food?

If the 30 dollars are completely unneeded and can be invested then he is wasting time by not buying Bitcoin and letting that Bitcoin sit in his wallet for at least a few years.

Realistically he could see that 30 dollars become 300 dollars within a couple of years. Maybe even less, depending on how well the market is doing and what kind of adoption rate Bitcoin is experiencing.

Either way, not investing in Bitcoin is definitely a lost opportunity, from my perspective. 30 Dollars definitely is not below the minimum amount you can invest.

You are right, the investment amount of $30 is not below the minimum value for beginners who want to invest in bitcoin, because it is useless for you to invest $1000 even higher if you do not have a strategy and knowledge of market performance, so make sure the investment money is not money needed for shopping and other needs , So make sure $30 amount for long term investment for high profit and you have to be patient enough to buy BTC at lower price during market correction so you will get higher profit in future.

[FahriZah]

Oops It’s Totally Wrong With $30 Dollar starting in bitcoin and change your life at the moments it’s not possible because now 1 BTC Up-To $30k usd that means $30 value is penny and not possible gain with btc in future i suggest with $30 can buy penny alts coin is better.

[Shenzou]

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 think that investing any amount in bitcoin should be based on several things, first and foremost is that you should never be investing money that you can't afford to lose, meaning don't go about taking loans and credits just to invest, because it is a risky business and you might lose it, second of all what is you goal and what are you trying to get out of investing, are looking for long term investment or short term, and if you are just looking to actively trade it or just invest and leave it, in my experience if you are going to invest a small amount like 30$ you would have to be actively trading it , because lets say you bought it now and bitcoin goes up to 100k , you would only have made 70$, but lets say if you invested 30$ and sold and bought based on market prices you could grow that amount.

[amihada]

if you want to get big profits, do it with big capital, if the capital is small, the profits are also small, you can't invest in bitcoin, even if it's only $ 30, but it would be nice if you have a capital of $ 30, choose to invest in alcoins, you will get more profit because alcoins can go up drastically and the profits also more, it's just a suggestion.

[Altryist]

As a percentage, increasing $30 per dollar per day is a lot. That's three percent a day. It is better to earn at least another hundred dollars on the forum, and then try to increase this amount as a percentage.
There is a golden rule that small amounts need to be increased by arithmetic progression (just adding money by earning fiat, on the forum, etc.), but large amounts - by geometric progression (trading, deposits, and everything that increases the amount multiplied by a percentage). Then it all makes the most sense.

There is a formula by which you can calculate for what period the invested amount will double, if you know at what percentage per annum you want to invest your money, it is called rule 70, you need to divide 70 by a percentage, let's say let it be 5%, in this case your amount will double in 14 years, but you know, in the case of fiat money, inflation will eat up their value. I was once very interested in this topic with compound interest, but it can work in a period when there are no crises and inflation is not high, times are changing and now it is better to find more effective use of your money.

[hannahB4]

The principal fee will be the determining factor to the ratio of profit so I doubt if I invest 30 dollars, I will be comparing myself with $100 because I know the amount of money I invested what might cause regret is if I had more money that I didn't invest. From my point of view, no amount is small to invest as long as you are aware of what it entails to have it.

[summonerrk]

As a percentage, increasing $30 per dollar per day is a lot. That's three percent a day. It is better to earn at least another hundred dollars on the forum, and then try to increase this amount as a percentage.
There is a golden rule that small amounts need to be increased by arithmetic progression (just adding money by earning fiat, on the forum, etc.), but large amounts - by geometric progression (trading, deposits, and everything that increases the amount multiplied by a percentage). Then it all makes the most sense.

There is a formula by which you can calculate for what period the invested amount will double, if you know at what percentage per annum you want to invest your money, it is called rule 70, you need to divide 70 by a percentage, let's say let it be 5%, in this case your amount will double in 14 years, but you know, in the case of fiat money, inflation will eat up their value. I was once very interested in this topic with compound interest, but it can work in a period when there are no crises and inflation is not high, times are changing and now it is better to find more effective use of your money.

Thank you for telling me this interesting principle, it is unusual, like the Pareto principle, which I heard about once and remembered forever. I think you know it, too.

Compound interest is a wonderful thing that can make anyone very rich. And if someone wants to earn a lot of money, he must know it. A vivid example of the power of geometric progression.

You wrote correctly about inflation, it should always be taken into account, and many forget to take it into account in profit calculations, such as losses during currency conversion, or exchange tax.

[GigaBit]

if you want to get big profits, do it with big capital, if the capital is small, the profits are also small, you can't invest in bitcoin, even if it's only $ 30, but it would be nice if you have a capital of $ 30, choose to invest in alcoins, you will get more profit because alcoins can go up drastically and the profits also more, it's just a suggestion.

As a new investor it is quite useful to start with $30. But if the profit is calculated from investment purpose then an investor must invest such amount of money that he is able to make good profit from it. Buying Bitcoin for $30 is unlikely to make much profit. On the other hand, investing even $30 in altcoins will not be profitable because all the good altcoins are very expensive. You may be talking about some sheet coins that can make big money with little investment. However, investing in these coins often makes it impossible to get a return on investment. So the investor must increase the amount of investment.

[Stella Mese]

I think investing in btc with small money or big money in my opinion is the same, and the problem of investing in btc in my opinion depends on a person's economic situation whether the person has a lot of money or not and it would be better if that person invested in btc with idle money.

so i think small or big doesn't matter
what matters is investing
in btc according to ability and will.

[Litzki1990]

Of course it is possible for a start, and if you can make it grow by at least 1$ a day or more because the trading fee is also small and it depends on the exchange you use. it means you are good at trading activity and you have knowledge of cryptocurrency.

     Just don't take a risk if you know how to avoid wasting the money you put in there, because whether your capital is small or large,
we should appreciate it.

It will be very difficult to earn a dollar a day from that $30 invested with $30 because a fixed amount of trading fees will be deducted from your account every day. It is better not to expect profit here by investing with 30 dollars. Every day you hold it you will earn one dollar but the value of the coin does not increase as per your plan but the value of the coin falls more but instead of earning that one dollar you may lose several dollars. But investing $30 to learn can be a good start.  Investing with $30 will give you a real understanding of the market that will be useful to you later on when investing.

[ice18]

I you want to accumulate bitcoin starting at $30 then its a good start, Im not saying for trading but to buy and hold it, you can buy weekly or bi weekly if you have extra money to invest do this in 5 -10 years and you will see the fruits of your hard earned money.

[Bazzu]

as far as i know investing in btc with small capital of course the profit is small
if with large capital of course the profit is big.

but for learning and the initial stage I think our can invest in btc with a capital of $ 30.
but it would be better if it was more than $ 30 with the aim of getting a big profit.

but the most important thing is the knowledge that must be prioritized
because if you invest in BTC, you have less knowledge, usually you have the potential to lose.
in fact, many people with large capital invest in btc and end up getting big losses and one of the causes of the loss is due to a lack of knowledge about investing in btc.