How many dollars are needed to trade between Bitcoin and US dollars?🥏🚀

[JeffBrad12]

Any amount will work if you want to get started. Even $10 is okay to test the water, more than that? that's good too.

If you're newbie and still trying to grasp and understand how it works, just start with $50, that's the ideal amount if you don't expect return but to understand. That's the best thing with bitcoin, you can trade it with whatever money you have.

[Alphakilo]

Any amount will work if you want to get started. Even $10 is okay to test the water, more than that? that's good too.

If you're newbie and still trying to grasp and understand how it works, just start with $50, that's the ideal amount if you don't expect return but to understand. That's the best thing with bitcoin, you can trade it with whatever money you have.

If I can understand you correctly, I would start by saying that some exchanges like Binance and kraken can allow you trade with as little as $1 or $10, but it solely depends on your point of view either as a learning process or for real profit. Still the best answer would be to use only the amount you can afford to lose and nothing more, because the stress of FOMC or inflation dump towards $85k margin is real and can cause FOMO so strong that panic selling or buying sets in.

I would advice a start with a minimum of about $100, with $30 to $50 weekly as a DCA commitment because this would protect you from the market sentiments and volatilities that is bound to be witnessed in the market.

[The Cryptovator]

If someone wants to trade between Bitcoin and the US dollar here, what is the minimum amount they should invest in? Many people will give many opinions here, but how much dollars can you actually start with or is it better to start with? What is your experience in this regard?

Investment amount depends on many circumstances, because the investment amount for Trump and for me won't be the same anyway. Because I have to look at my capabilities and how much I could invest and could afford to lose as well. You can even start Bitcoin trading with $100 or below; no one can prevent you. There are no rules to invest in Bitcoin at all; everything is your decision.

Many people say that experience is the most important thing here, while many others are of the opinion that investment is important along with experience, because money management cannot be done very well with very little investment.

Experience would help earn money, but it can't earn for you. But the money could be earned for you whether you are experienced or not. For example, you don't have any experience with Bitcoin; you just read over the internet or heard from someone. You decide to invest and hold for longer, which means money will work for you. If you have experience, then you can trade easily and earn more money. Both are necessary for trading; without money you can't do anything.

[Asiska02]

Many people say that experience is the most important thing here, while many others are of the opinion that investment is important along with experience, because money management cannot be done very well with very little investment.

Once you’ve made an investment be it trading of coins, as long as you’re actively trading, you’re already getting experience off the market. In order not to risk too much while investing and getting experience off, risk a little amount that you can afford to lose during the process. Once you’ve become better and can manage your finances well, you can then increase your amount for investment and take a little more risk while still maintaining proper risk management as to the amount of money you’ve invested.

Well said, I'm not talking about complete beginners, I'm basically looking for an overall experience. Here you say that with a small fund you can make a small profit, that is correct. But is it really possible to do proper money management with a small fund?

Money management has nothing to do with your amount of investment, it depends on how disciplined you are to be able to control that money into making the best out of it. Money management is about your self discipline on money and not the amount you’ve risked into an investment.