Should I wait to have a huge capital before I start trading?

[Glory001]

Their people that have lost money they even borrowed just because they want to make profit and that is why people frown at borrowing money to invest.

I agree to that,
Mostly, because of lack of investing knowledge, their rate of investing is high and without studying the market they fall into lost and also a debitor

[Glory001]

It's true that a good trader can make profits even in a falling market but if he uses a small capital then the profits will be small.

Yes the profit will be small but I think that's good too, you have to trade on the amount you can afford to loose so you won't go bankrupt.

[Jegileman]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You can start with a big amount or a small amount depending on what you can afford to lose. The advantage that a big amount has over the small one is how you can be able to get more leverage and take more trades which small amount cannot give you. Whether you start with a small or big amount, just make sure you’re using what you can afford to lose. Knowledge is what matters here and if you’re good at it, you can move your small account I a bigger one using proper risk management. You don’t have to put too much of what you can’t afford to lose because trading is risky.

[Fredomago]

It's better to have something than nothing.
Newbies should get that first and manage their risks wisely on the start of their journey to succeed in the end.

Well said, it's always better to have something than nothing, but when it comes to trading that something should be satisfactory and as humans it's not possible to get satisfied by making profit of $1 per month or $10 per month. That's why low capital trading isn't for everyone and those who want to be good traders should only do it to improve their trading skills rather than considering it as a way to earn profits.

Treating things as investment and not a form of source of income, though there are some traders who manage to make money out from this venue but not all can be as successful as they are, in terms of starting using small amount as capital gives you opprtunities to learn deeper with lesses cost, unlik with big capital when you lose you'll be ending up quitting as learning things the hard way can push you away and thinks that this venue is a scam.

[Antotena]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

There are thread about a guy that bought Pnut for $17 and guess how much that coin is worth today? That's more than $3 million dollars on Solana, it's a meme coin he bought and he is leaving the trenches to a bigger city. What exactly am I saying, you don't really need huge capita to start your crypto trading journey, just get a reasonable amount and start your trading and if you are a beginner, it's better that way so you can be able to manage your risk.

Start big by the time you have understand the way of the market, you will be comfortable with your loss, I can bet you that when you begin with big amount of money, you will be stuck between giving up or continuing as you may not know what strategy to get back your money. I have seen a trader loss a lot of money in spot trading and decided to get it back quickly using futures, that's where he lost the rest of.yhe capital. Learn first and understand before you start trading.

[Asiska02]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

Trading is not something that is easy and if you don’t have the right knowledge of trading and decide to take a risk of putting money, the market wouldn’t mind if you’re a beginner trader or not, it will eat from your money how you exposed it to them to take from. Firstly, learn what trading is all about and also have an idea about the difference strategy you can use to trade the market. You can have many options but sticking to one and perfecting yourself in it will really help you to become a better trader.

Starting off with big money comes with a lot of disadvantages and those are the moments where your emotions are tested and you’ll then fall into the trap and get you to lose more money. Having the knowledge of the market will really help you to manage your money more irrespective of the amount you’re able to raise to start up with. Both small and big money needs the best skill they can have before they can be jump into the market, if not they risk losing all.

[stomachgrowls]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

There are thread about a guy that bought Pnut for $17 and guess how much that coin is worth today? That's more than $3 million dollars on Solana, it's a meme coin he bought and he is leaving the trenches to a bigger city. What exactly am I saying, you don't really need huge capita to start your crypto trading journey, just get a reasonable amount and start your trading and if you are a beginner, it's better that way so you can be able to manage your risk.

Start big by the time you have understand the way of the market, you will be comfortable with your loss, I can bet you that when you begin with big amount of money, you will be stuck between giving up or continuing as you may not know what strategy to get back your money. I have seen a trader loss a lot of money in spot trading and decided to get it back quickly using futures, that's where he lost the rest of.yhe capital. Learn first and understand before you start trading.

When it comes to meme coins then there's really that chance that you would be able to changed up your life on just a few dollars when it comes to investment. You will really be having that life changing opportunity
on the moment that  you will really be able to hit up the right project but of course its not something that would really be easy or something that needing up that extreme luck for you to be able to make yourself having that kind of chance and this is the main reason on why people are really that interested on dealing up with meme coins. If you are going with spot trading and you would really be having those kind of intention on dealing up with solid projects and coins then it will really be that up to you which one you will really be that dealing into. There are those who are really that risk takers but there are ones who are really that sticking into those solid ones.

Doesnt really need to have that huge capital for you to be profitable with trading.  Come to think that it will really be basing up with percentage gains on which it isnt basing on how much you are really that having on your trading capital. Doesnt matter if you do have that big capital because it wont really be giving out guarantees that you could be able to make yourself that profitable in the end of the day.
Its not bad to start small because you can eventually make it big later on.

[TheUltraElite]

Mostly, because of lack of investing knowledge, their rate of investing is high and without studying the market they fall into lost and also a debitor

Debt for investing is something I completely stand against.

If you dont have the money to put at stake, you should not be investing or trading. That money should come from your income and if your income is zero, avoid taking such risks. Speculative markets always carry risk even if the percentage is small, one wrong movement and it could become a mess.

Getting the income set up is thus always the first thing. Once that becomes stable, get the capital in every month and start investing.

[Jody.Drummer]

Mostly, because of lack of investing knowledge, their rate of investing is high and without studying the market they fall into lost and also a debitor

Debt for investing is something I completely stand against.

If you dont have the money to put at stake, you should not be investing or trading. That money should come from your income and if your income is zero, avoid taking such risks. Speculative markets always carry risk even if the percentage is small, one wrong movement and it could become a mess.

Getting the income set up is thus always the first thing. Once that becomes stable, get the capital in every month and start investing.

Totally agree with you, because by using borrowed money it will actually be a moral burden for us and it will also be a huge pressure. In addition to having to survive the fluctuating market, we also have to think about how to pay off the loan, well it is very possible that it will make us rush in making decisions and that can make us make stupid decisions. So it's better not to rush, if you don't have enough money, then you should try to get income first. Trading is not a quick way to get rich, that's a wrong idea.

[Lida93]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

The question now is that, it's starting with a huge amount of money on trading guarantee or makes a successful trader? No, never! Why? Because trading isn't just about the amount of money you have to risk but primarily about the amount of trading knowledge and experience you've been able to gather about the market over the course of time.

You're sure to losing it all if you'll just have to jump into trading because you think you have gotten a huge amount to risk. And you really don't have to risk money because you have it, but while risking it should in amount you can simply afford to lose, and this is the point a good risk management strategy becomes necessary...

[Yeesha]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

Deciding to start trading can be a great idea, but it's essential to approach it with caution. Avoid investing your entire income into trading without proper knowledge and experience.

First, acquire a solid understanding of trading concepts, risk management, and market analysis. When starting out, use only the amount of money you can afford to lose. This will allow you to test your skills, gain experience, and refine your strategies.

As you progress and become a professional trader, you'll develop the necessary expertise to manage and minimize risks. At this point, you can reassess your capital allocation and decide whether to increase your investment.

Mostly, because of lack of investing knowledge, their rate of investing is high and without studying the market they fall into lost and also a debitor

Debt for investing is something I completely stand against.

If you dont have the money to put at stake, you should not be investing or trading. That money should come from your income and if your income is zero, avoid taking such risks. Speculative markets always carry risk even if the percentage is small, one wrong movement and it could become a mess.

Getting the income set up is thus always the first thing. Once that becomes stable, get the capital in every month and start investing.

Totally agree with you, because by using borrowed money it will actually be a moral burden for us and it will also be a huge pressure. In addition to having to survive the fluctuating market, we also have to think about how to pay off the loan, well it is very possible that it will make us rush in making decisions and that can make us make stupid decisions. So it's better not to rush, if you don't have enough money, then you should try to get income first. Trading is not a quick way to get rich, that's a wrong idea.

Borrowing money to start a business or trading venture can be extremely risky. Since the outcome is uncertain, there's a chance you might lose your investment or struggle to generate profits. If you're relying on potential profits to repay the loan, you may face significant financial burdens if your business fails.

The weight of debt can lead to substantial stress, anxiety, and depression. Therefore, it's generally not advisable to borrow money to start a business, as it may lead to financial difficulties. If you don't have the funds to start trading, it's best not to borrow money. Instead, wait patiently and save a small amount of money that you can use to begin trading. This approach will help you avoid debt and minimize financial risks.

[kawetsriyanto]

First, acquire a solid understanding of trading concepts, risk management, and market analysis. When starting out, use only the amount of money you can afford to lose. This will allow you to test your skills, gain experience, and refine your strategies.

Indeed. It is the fundamental matter that a beginner needs to understand well. Having a proper knowledge is a must before someone starts trading, it is they way to do it in the right way. Regarding the money, a beginner shouldn't hurry to use the money as much as possible. The focus of a beginner should be for learning and gain experience. Using bigger money should be for experienced traders. It is the basic thing to understand by every beginner.

Borrowing money to start a business or trading venture can be extremely risky. Since the outcome is uncertain, there's a chance you might lose your investment or struggle to generate profits. If you're relying on potential profits to repay the loan, you may face significant financial burdens if your business fails.

Crypto business is a high risk, it will be riskier if we use borrowing money. Even in all business fields, using borrowing money isn't advisable. So, it is surely a big mistake to use borrowing money in a risky business like crypto investment/trading. Yep, there is no guarantee for profits in crypto, we don't know that we will have enough profits to repay the borrowing money. Of course, it will be a big burden if we do it with borrowing money. This possibly ruins our focus because we should take profits before the deadline of loan refund.

[Dewi Aries]

Mostly, because of lack of investing knowledge, their rate of investing is high and without studying the market they fall into lost and also a debitor

Debt for investing is something I completely stand against.

If you dont have the money to put at stake, you should not be investing or trading. That money should come from your income and if your income is zero, avoid taking such risks. Speculative markets always carry risk even if the percentage is small, one wrong movement and it could become a mess.

Getting the income set up is thus always the first thing. Once that becomes stable, get the capital in every month and start investing.

Totally agree with you, because by using borrowed money it will actually be a moral burden for us and it will also be a huge pressure. In addition to having to survive the fluctuating market, we also have to think about how to pay off the loan, well it is very possible that it will make us rush in making decisions and that can make us make stupid decisions. So it's better not to rush, if you don't have enough money, then you should try to get income first. Trading is not a quick way to get rich, that's a wrong idea.

Exactly, that's the reason why I really disagree if someone takes out a loan to trade, because logically a decision-making activity based on pressure usually always results in bad decisions or at least misses the mark, because pressure is a situation where someone is far from calm while in trading calmness is one of the skills that a trader must have.

Although not all traders may feel pressured by trading relying on borrowed money, I'm sure 85% of them will definitely experience a lot of tension, because as you said that we will definitely rush in doing analysis because of the urge in our minds to immediately make a profit to pay off the loan. So the point is like the saying "slow but sure", meaning that if for example you don't have money then you don't have to force yourself to trade, there is still a lot of time and there is absolutely no coercion from anyone who tells you to trade at that time.

[cute nmp]

As a beginner it will better to start trading with small capital as you become more advanced and profitable then you can slowly increase your trading funds . Its not a good idea to put a lot of money where you can easily blow it up

[mich]

Well I do not think it is a such a good idea to try to make big profit from trading crypto. The market is so volatile and if there is any news it can make the price go up or down really fast.

But if you are a person that wants to trade it you do need alot of capital. Because when the price of a coin does go down you need fiat to buy the dip. And there is alot of dips in crypto so you must be ready to buy it when that does occur.

[armanda90]

I don't think so, you don't need waiting for receiving huge capital for investing or start trading in cryptocurrency because sooner you start trading in crypto you have the opportunity to make a profit with Bitcoin prices still affordable at this time. Firstly you must spend few percent as your saving fund from salary and use it as capital for trading or purchasing cryptocurrency but you must set up target for long term trading, its not difficult start spend few percent of your salary for investing in bitcoin without have waiting until receive huge capital to start investing in cryptocurrency.

Maybe have bad possibility later after huge salary receiving bitcoin or top altcoin have increasing drastically and you miss great opportunity for investing at lower price. Start investing or trading in cryptocurrency by small fund and keep consistent as weekly or monthly spend few percent from capital for investing in bitcoin or top altcoin.

[CageMabok]

As a beginner it will better to start trading with small capital as you become more advanced and profitable then you can slowly increase your trading funds . Its not a good idea to put a lot of money where you can easily blow it up

Of course it would not be bad if a beginner started trading with a small capital because every big thing also started from small things so that when the small capital has slowly turned into a bigger one, it is clear that he will also be more trained in trading so that he will also be braver when he wants to use capital that is much larger than the previous capital. Because everything needs to be practiced slowly in order to become more proficient, but if a beginner really wants to buy Bitcoin with a lot of capital, I think it is also not wrong to do it even though he does not intend to bring it into trading.

[Z_MBFM]

As a beginner it will better to start trading with small capital as you become more advanced and profitable then you can slowly increase your trading funds . Its not a good idea to put a lot of money where you can easily blow it up

Of course it would not be bad if a beginner started trading with a small capital because every big thing also started from small things so that when the small capital has slowly turned into a bigger one, it is clear that he will also be more trained in trading so that he will also be braver when he wants to use capital that is much larger than the previous capital. Because everything needs to be practiced slowly in order to become more proficient, but if a beginner really wants to buy Bitcoin with a lot of capital, I think it is also not wrong to do it even though he does not intend to bring it into trading.

A beginner trader is never very knowledgeable about the market due to which if they start trading with large amounts, their losses will be huge. so a beginner trader should always start trading with a small amount so that they can make various mistakes and learn new strategies without facing huge losses.

So a beginner trader should never wait for a big amount.  It would be best for them to start trading with a small amount even if they have a large amount

[tesslanik]

It all depends on the strategy. My strategy can be called crazy trading. No stop limits. Only futures transactions.
The only thing is that with the increase of the deposit I reduce the risk by reducing the amount of borrowed funds.
My goal is to make a deposit of $ 1 million. The number of successful trade in relation to bad ones is growing. I think I will reach my goal this year.

[hyudien]

As a beginner it will better to start trading with small capital as you become more advanced and profitable then you can slowly increase your trading funds . Its not a good idea to put a lot of money where you can easily blow it up

Of course it would not be bad if a beginner started trading with a small capital because every big thing also started from small things so that when the small capital has slowly turned into a bigger one, it is clear that he will also be more trained in trading so that he will also be braver when he wants to use capital that is much larger than the previous capital. Because everything needs to be practiced slowly in order to become more proficient, but if a beginner really wants to buy Bitcoin with a lot of capital, I think it is also not wrong to do it even though he does not intend to bring it into trading.

I suggest not to focus on capital, indeed some people may say that if we bring large capital then our profits will be greater too, but we also have to see what the risks are. Even if we bring small capital, if we have enough knowledge and skills, then the capital will increase along with the profits we get from the trades we make. Rather than thinking about that, I think it is better to focus on learning and honing our skills, so that when we enter with whatever capital we bring, we are truly ready. Don't focus on the profit figures, because if there is no knowledge and skills then there will be no profit that we can get, but rather losses we will feel.