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Author Topic: Is $30 dollars worth starting bitcoin?  (Read 1176 times)
crunck
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April 30, 2023, 05:40:32 AM
 #161

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.

In investment, capital to invest is very important, but knowledge is the foundation of success, that is, without knowledge, never succeeds.

Going back to OP's question, I think it will be no problem to start with 30$, but to get a good profit, you should keep investing every time you have more money. If you just stop at $30, don't expect to make big profits as well as become rich. Bitcoin can't make you rich with $30.

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April 30, 2023, 05:52:44 AM
 #162

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.

Yeah, I think they will get more out of the experience by learning how to self custody Bitcoin instead of the capital gains they might get for $30.

Long time ago, maybe, but the gains to be made these days are not comparable.

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April 30, 2023, 06:25:34 AM
 #163

$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.
As a new investor investing with $30 is not bad Idea. After investing $30 a new investors can definitely get a good idea about his investment and later he can increase his investment.

Those who want to invest in Bitcoin, which is risky, should be aware of its history. But those who are able to bear this risk are encouraged to invest that can be a good decision for them. But I'm skeptical about it to make small investments. If investors wait for Bitcoin's bull run with this small investment then it would be waste of time.

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April 30, 2023, 10:23:29 AM
 #164

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.

That's not the way to encourage people to invest, he can even start at $5 and check the progress of his investment, when he sees that it's growing or increasing he will add more, don't ask people to be greedy right away, its always been invest at the amount you can afford to lose

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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.
If he is properly educated on investing he'll accept that fact, but let him invest at whatever amount he likes and what he thinks is comfortable enough, educate him more, and let him decide for himself if he wants to add more.

Quote
What do you think about my advice to him?
In my opinion, it's not good there was a time I gave a friend $5 as a starting point after a year he already invested over $5k and he is still good, so to encourage others to invest he gave them $5 as starting investment to see how it works and to learn how bitcoin works. 


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May 05, 2023, 07:16:12 PM
 #165

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 more capital you have for investing in the cryptocurrency market, the more profit you can earn and then you will need a good amount of money to invest in Bitcoin. If you want to start investing in Bitcoin with such a small amount, then apparently I don't see any point in it. 30$ can only be used in centralization exchange to make profit because there trading fee is low and you will be given feature of direct deposit and withdraw to fiat. If someone want to buy at cold wallet then I will suggest to wait and when your fund increase then invest to make proper profit.

With such a small amount, if anyone wants to start investing in the cryptocurrency market, it would be better for him to invest in a small coin whose market value is less than one dollar and have a low fee for swapping.  For such a small amount, he can get a large number of low-value tokens.And as the price of the token increases, it will also see a profit.

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May 05, 2023, 07:38:19 PM
 #166

In my opinion it is a small amount to benefit from bitcoin. because the movement of bitcoin is very fast and very risky if the bitcoin market is going down drastically and, you can still invest $30 in bitcoin because there is no limit in investing in bitcoin. but don't expect to get a very large profit with very little capital. and in my opinion capital with $ 100 also does not have a large enough profit when bitcoin is on the rise and only get a small portion of the profit.
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May 05, 2023, 08:06:34 PM
 #167

 Investment in a 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 when you don't have a strategy and knowledge of market performance, so make sure the investment money is not money needed for shopping and other needs , So using $30 amount to invest for long term investment for high profit is good for beginners. Investing in what you can lose to afford, is the best don't invest in higher price and regrets later. When you start to invest in cryptocurrency learn how to be patient and endure, investment is all about patient.

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May 05, 2023, 08:30:57 PM
 #168

In my opinion it is a small amount to benefit from bitcoin. because the movement of bitcoin is very fast and very risky if the bitcoin market is going down drastically and, you can still invest $30 in bitcoin because there is no limit in investing in bitcoin. but don't expect to get a very large profit with very little capital. and in my opinion capital with $ 100 also does not have a large enough profit when bitcoin is on the rise and only get a small portion of the profit.

Yeah, profit from investments depends on the amount of capital although this also depends on the types of risk. Altcoins with small amounts have the chance to earn big but the risk is just too high. Bitcoin however is the most reliable but its growth in the next few years might not be that high so earnings from investments are also not that big if the capital is too small like $30.

Nonetheless, it is better to have investments rather than none at all. And the fact that someone has to squeeze a part of their tight income brings me the positivity that the guy has the mentality and the potential to become financially successful in the future. And it is also the rule of investing to start small since there is always the chance to make it grow in the next days to come.

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May 06, 2023, 06:24:56 AM
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 #169

Investment in a 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 when you don't have a strategy and knowledge of market performance, so make sure the investment money is not money needed for shopping and other needs , So using $30 amount to invest for long term investment for high profit is good for beginners. Investing in what you can lose to afford, is the best don't invest in higher price and regrets later. When you start to invest in cryptocurrency learn how to be patient and endure, investment is all about patient.

I think this also related with Capital dependent too I think and Starting with a smaller amount like $30 can be a good way to learn and gain experience in the cryptocurrency market while minimizing the risks involved and This is often referred to as a long term investment strategy. However, if we look at it like all investments, there is no guarantee that Bitcoin will increase in value, and subject to volatility and market fluctuations one has to wait 4 hours, 4 days or a week to see results post market entry.

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May 06, 2023, 07:09:44 AM
 #170

It doesn't matter if you only have 30 dollars of capital to invest, if you want to take small profits from short-term trading results you can, even though the profits are not as big as you expect, because again the profits you have affect your income too from short-term trading results, but if you are a patient person then please just take long-term investments and the money invested is not from your rushing money every day, because later it will interfere with your long-term investment, it's different if the money is shown for investment then in the future your investment will be better because your living needs have been covered from results outside of your investment.

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May 06, 2023, 12:55:52 PM
 #171

Investing only 30 dollars in Bitcoin is not recommended, as transaction fees will also be deducted, making it an unwise decision. Instead of investing in Bitcoin, it would be better to consider Altcoins which also have the potential to yield greater returns but it totally depends on your coin selection. However, it's important to keep in mind that Bitcoin is a safer investment compared to Altcoins.

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May 06, 2023, 01:13:08 PM
 #172

If you want to invest in Bitcoin with very little capital I think it needs to be considered again, because the value of Bitcoin is currently very high and $ 30 is certainly very little capital, so my advice is to just choose a potential altcoin that is still cheap and collect every profit to buy Bitcoin, because we as investors with small capital must find a way to one day become a big investor because everything needs a process not everyone is successful today It's easy to go through every problem, but they have often fallen but still stand until the success they want to feel can be achieved.

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May 06, 2023, 01:18:30 PM
 #173

Investing only 30 dollars in Bitcoin is not recommended, as transaction fees will also be deducted, making it an unwise decision. Instead of investing in Bitcoin, it would be better to consider Altcoins which also have the potential to yield greater returns but it totally depends on your coin selection. However, it's important to keep in mind that Bitcoin is a safer investment compared to Altcoins.
I don't want to say you are wrong on this point because of course that too is a free thing to do depending on how you look at it. but altcoins for beginners obviously things like this are ridiculous and tell them to kill themselves.
However the current conditions are quite clear, I think bitcoin is something that is really worth it but letting them go to altcoins only with the hope of a bigger return without telling the risk of the worst possibility that must be taken is clearly something wrong because even though the return could be bigger but the falls for altcoins are also much more pronounced. You say bitcoin is definitely much better but suggest to be on altcoins to start with. I think something like this should be started from the beginning with bitcoin so that it doesn't get lost any further.

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May 06, 2023, 01:26:41 PM
 #174

I hardly have up to $30 worth of Bitcoin in my wallet years ago, but I spend most of my time learning about Bitcoin, you don't have to be an investor right away, not having money to invest in Bitcoin can be blessings because it creates time for you to focus more on learning about Bitcoin, you will be in a more calm state and there will be no reason to rush.

I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.



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May 06, 2023, 01:34:25 PM
 #175

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 never imposes any specific amount requirement on any user for investment. So a person can start investing in Bitcoin with any amount that can be $1 also. So $30 investment is not too bad or small amount to start investment. So you can definitely start investment from this amount but when you go to invest big amount then definitely recharge the market well to see if there is a big chance of bitcoin big dump at that time.


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May 06, 2023, 01:56:52 PM
 #176

I hardly have up to $30 worth of Bitcoin in my wallet years ago, but I spend most of my time learning about Bitcoin, you don't have to be an investor right away, not having money to invest in Bitcoin can be blessings because it creates time for you to focus more on learning about Bitcoin, you will be in a more calm state and there will be no reason to rush.

I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.




But honestly, I don't think many people will do what you did because most want to make a quick profit. It will be a very uncomfortable and sad feeling when you check the price every day and discuss with people every day about bitcoin while you don't have bitcoin. It is a feeling of great disappointment and discomfort, and sometimes it will discourage us. I used to be in the same situation as you, but it's a shame, I can't do it like you. I am not confident enough without money to invest.

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May 06, 2023, 02:39:44 PM
 #177

If you want to invest in Bitcoin with very little capital I think it needs to be considered again, because the value of Bitcoin is currently very high and $ 30 is certainly very little capital, so my advice is to just choose a potential altcoin that is still cheap and collect every profit to buy Bitcoin, because we as investors with small capital must find a way to one day become a big investor because everything needs a process not everyone is successful today It's easy to go through every problem, but they have often fallen but still stand until the success they want to feel can be achieved.

Investing in btc with small capital($30) is not bad if this is just for learning purpose. As a beginner we should not invest a very small part to check different scenarios, to check how market reacts in different conditions(bull, bear, Fomo, fear). after learning we can increase our portfolio which will be much better then investing big from start. there may he chance that one want to invest big but currently he has low fund then i will also advise to buy with $30 and then you can add more every month.

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May 06, 2023, 05:14:29 PM
 #178

I hardly have up to $30 worth of Bitcoin in my wallet years ago, but I spend most of my time learning about Bitcoin, you don't have to be an investor right away, not having money to invest in Bitcoin can be blessings because it creates time for you to focus more on learning about Bitcoin, you will be in a more calm state and there will be no reason to rush.
A good way is to start from learning not directly buying bitcoins without basic knowledge so this is very important for those who are just starting out and learning it takes time to understand it so there is no need to think about profits it is better to base it from below how bitcoin works and with price movements all of that requires stages of learning starting from the beginning.

I was so calm back in the days and since I have no access to any fund at the time I was able to erase any thought of buying Bitcoin for future gains at the time, I was so ready to learn and learn until I was able to even understand some things about Bitcoin, like Mining and Mixers.
Your thinking at the beginning was quite good, not concerned with profits but knowledge first before spending capital to buy bitcoin as an investment.
Regarding mining, it requires quite a large amount of capital because it requires several VGAs to start mining, while the mixing service is to keep transactions more private. I have used the mixing service several times and it's simple to do.

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May 06, 2023, 06:34:30 PM
 #179

Don't ask for it,
Just start doing it if you really want to because changing your life there is a need for the first step forward to the new destination and from that first step your journey starts. I am not a Bitcoin specialist haha, and not even a boring motivational speaker but I like to talk if I really want to give my view on something then I sue to do it on the spot. If you think Bitcoin si profitable for you infuture by any means, remember by any means weather its in terms of making more money, choosing self cutodu or any type of financial independence then bro don't wait for other step up and just Start changing your life with the Bitcoin.

I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.

Just Belive yourself -Hamza

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May 06, 2023, 06:44:35 PM
 #180

I wont tell you the advantage of joining the community, also I wont recommend any type of the investment amount for start up I would say if you really wan to start you journey even with $1 then bro who is gonna ask you fr it just start it.

Basically Investment is good, the actual quantity will not determine whether it is useful or not, maybe from a small amount we can actually make it as experience in starting Investment, most of the beginners try small amounts to gain experience, whether he is $ 30 or smaller .
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