How much is ideal for a beginner to invest in bitcoin?

[springtech]

Bitcoin has been in existence for a long time now but there are some folks who are yet to be exposed to it.

For someone who is new to the world of cryptocurrencies specifically bitcoin, how much would you consider to be right amount for such individual to invest?

First off, either a beginner or not, the question is how much do you have?
You can't give what you don't have. Same here, you can't invest an amount you don't have.

Generally in business i advice people to invest an amount they know they can cope with if loss is experienced.

So, I advice that only an amount that you can afford to loose is what you should invest.
And don't invest a fund you can't afford to let fallow for a period of time because of the volatile nature of bitcoin, you might be required to wait for the coin to recover in case of a dip.

 

[Sehrish]

Bitcoin trading is the act of buying low and selling high. Unlike investing, which means holding Bitcoin for the long run, trading deals with trying to predict price movements by studying the industry as a whole and price graphs in particular.
There are two main methods people use to analyze Bitcoin’s price – fundamental analysis and technical analysis. Successful trading requires a lot of time, money and effort before you can actually get good at it.

 

[Jeremiah Trump]

There is no fixed amount for beginners and it would also be foolish to invest money in bitcoin as a beginner because if you don’t know anything about bitcoin mining and the rest it just wasting of money and time.and in my own country the minimum amount we can start investing is different so beginners be careful

 

[Mandypaul]

There is no specific amount of money a beginner can start to use to invest in bitcoins because bitcoins is a cryptocurrency with its own risk you only have to invest the only amount of money you can afford to lose that is how investors operate, I've lost so much because the price of cryptocurrency can sometimes reduce

Post automatically merged: Feb 1, 2021

There is no specific amount of money a beginner can start to use to invest in bitcoins because bitcoins is a cryptocurrency with its own risk you only have to invest the only amount of money you can afford to lose that is how investors operate, I've lost so much because the price of cryptocurrency can sometimes reduce

 

[Heatman]

First off, either a beginner or not, the question is how much do you have?
You can't give what you don't have. Same here, you can't invest an amount you don't have.

Generally in business i advice people to invest an amount they know they can cope with if loss is experienced.

So, I advice that only an amount that you can afford to loose is what you should invest.
And don't invest a fund you can't afford to let fallow for a period of time because of the volatile nature of bitcoin, you might be required to wait for the coin to recover in case of a dip.

Of course, you are absolutely right. When it comes to any kind of investment, what matters most is getting to invest with the amount of money that you are willing to lose should things or the investment doesn't go well because it's going to be very painful when you lose what you can't afford to lose.

 

[mcjerry]

For a beginner that wants to try trading crypto currency, he can try $50 for a start to know and have experience in trading.
But for investment. He will need to consult expert and know profitable coin. He can invest any amount here

 

[Ellozyy]

Bitcoin has been in existence for a long time now but there are some folks who are yet to be exposed to it.

For someone who is new to the world of cryptocurrencies specifically bitcoin, how much would you consider to be right amount for such individual to invest?

Bitcoin bitcoin bitcoin... I just can't hold back from replying to any thread about Bitcoin and cryptocurrency.
Well, depending on how much you have but it will be very wise to start up bitcoin investment with something tangible. Around $3000+ can be a very good start.
It's will also do you a great good to invest in some of the upcoming altcoins

 

[Fortunate]

usually means that they ... Swing traders try to spot the beginning of a specific price ... The following sites are suited for Bitcoin trading:.

 

[Heatman]

Bitcoin bitcoin bitcoin... I just can't hold back from replying to any thread about Bitcoin and cryptocurrency.
Well, depending on how much you have but it will be very wise to start up bitcoin investment with something tangible. Around $3000+ can be a very good start.
It's will also do you a great good to invest in some of the upcoming altcoins

You have a great point on how it's going to be a good idea for someone to also invest in altcoins. Yes, bitcoin is the best but there is nothing wrong with diversity in one's investment when it comes to looking at the bigger picture of earning from multiple sources.

 

[HIFSA LAHORI]

BTC is unlimited investment. Bitcoin is update day by day. In coming days digital currency is very very famous and much profitable.

 

[Heatman]

BTC is unlimited investment. Bitcoin is update day by day. In coming days digital currency is very very famous and much profitable.

Who doesn't love bitcoin? Bitcoin is the best investment when it comes to online investment. Its value keeps increasing on daily basis, only because of the recent drop in price, some people panicked and sold off their investments.

 

[Taiwoayan]

There's no specific amount,I think amount one can afford to keep for a longer period is what should be invested

 

[Heatman]

There's no specific amount,I think amount one can afford to keep for a longer period is what should be invested

This is very true when it comes to having investment in cryptocurrencies or bitcoin specifically because it's only going to be possible for you to wait till the cryptocurrency appreciates in value and then you can sell to make profits. If you need the investment money sooner, it's not wise to put much in cryptocurrency.

 

[Zamaney]

There is no fixed price to begin in invest in Bitcoin but
All in all, I recommend investing in a minimum of 50$, even if you can invest lower amounts

 

[Bkoks]

I will suggest that you start with any amount you know you won't develop a high blood pressure about if peradventure you end up losing it. Bitcoin or any other Cryptocurrency has never promised anyone either profits or loss, we are all only risking it by dealing in it. so, trade wisely to avoid developing high blood pressure.

Post automatically merged: Feb 3, 2021

I will suggest that you start with any amount you know you won't develop a high blood pressure about if peradventure you end up losing it. Bitcoin or any other Cryptocurrency has never promised anyone either profits or loss, we are all only risking it by dealing in it. so, trade wisely to avoid developing high blood pressure.

 

[Bazikd]

There is no fixed amount to invest in crypto, you can use any amount as long as it can buy little just invest and you will be glad and happy you did.

 

[Taiwoayan]

This is very true when it comes to having investment in cryptocurrencies or bitcoin specifically because it's only going to be possible for you to wait till the cryptocurrency appreciates in value and then you can sell to make profits. If you need the investment money sooner, it's not wise to put much in cryptocurrency.

Yes oooo,if it's for short time one can use the it to trade

 

[LaylaG]

There is no fixed amount of money you can start as a beginner in cryptocurrency investment but sometimes if you really want to know about Forest you need to invest something reasonable so that when the crypto you are investing on appreciate you will gain a reasonable amount of profit.

 

[Adetayo100]

You tever amount is ideal as long as you follow the rule which says you should only invest what you can afford to lose, I think this rule will guide your decision on the amount you want to invest in it

You don't want to invest too much like all of your Savings and you don't have anything to fall back on, at the still lose all the money. The decision lies with you investing anyway.

 

[Atif3786]

Join a Bitcoin Exchange. First, you'll need to determine where you want to make a Bitcoin purchase. ...
Get a Bitcoin Wallet. ...
Connect Your Wallet to a Bank Account. ...
Place Your Bitcoin Order. ...
Manage Your Bitcoin Investments.