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

  • Thread starter Thread starter Heatman
  • Start date Start date
It depends on what you have because there is no fixed amount to be used to buy bitcoin or to invest in cryptocurrency. You can invest as low as $100 to start with and from there you grow and once you get money you continue investing it there.
 
I am also a beginner to the world of bitcoin. But I normally advice other beginners to invest in Bitcoin with the minimum amount available on the list. I say this because you are just starting to invest in bitcoin and are yet to get familiar with their risk involve with bitcoin.
 
Taiwoayan said:
Yes oooo,if it's for short time one can use the it to trade
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Short time investment are good because you get to pull out from the investment as soon as possible once you get your profit or return of investment. It's more like having investments that would be paying you on monthly or weekly basis, so once you are satisfied, you will pull out with your money.
 
Hmmm I will really say for bitcoin investment, the bigger the money, the more your profit on investment. But the clause to this is that you need to go into the business as a long term investor. You must be patient to learn our to trade.
 
Concerning how much is ideal for a beginner to invest in bitcoin. Well, I will say that there is no amount attached to how much you can invest into any of the cryptocurrencies, but I will always tell the person to invest an amount that when he looses it, he wont go broke or run into depression
 
DareIsrael said:
Hmmm I will really say for bitcoin investment, the bigger the money, the more your profit on investment. But the clause to this is that you need to go into the business as a long term investor. You must be patient to learn our to trade.
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Experience gives you an upper hand in making a decision on the kind of investments you go into and how much you can afford to spare for going into suck investments. When I didn't know much about cryptocurrencies, I was only able to bring out $500 to invest but now, if I have $60,000 I would invest it.
 
A beginning can always start with something little so as to reduce the risk and in other to learn more and get more ideas and experience before increasing his or her lot. To aviod mistakes it is better to start off with as low as lets say $50.
 
When I started crypto currency as a beginner I started with Ten thousands Nigeria Naira. I buy and kept it and bitcoin rise and I withdrew my profit and the following month I added to it in other make money profit increase when it rise and it has been working well for me.
 
Halexcity said:
When I started crypto currency as a beginner I started with Ten thousands Nigeria Naira. I buy and kept it and bitcoin rise and I withdrew my profit and the following month I added to it in other make money profit increase when it rise and it has been working well for me.
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This is how most people in African countries and Nigeria 🇳🇬 run their cryptocurrency investment. They employ the invest and wait game, once the cryptocurrency appreciates, they sell and wait for it to fall before they purchase or make another investment.
 
there is no minimum and maximum amount to invest in bitcoin. the power of bitcion really shown that the more you invest the profit you can get and the risks you can take, the less profit you can earn
 
there is no ideal amount to invest in Bitcoin, if someone wants to invest either in Bitcoin or other crypto, they should use idle money, the amount depends on the person's financial ability. we can also invest starting from $ 1 per week or per month, which must always be remembered do not use hot money, which you need for daily needs.
 
Literally any amoun that the beginner is able to afford in case it's lost, because as you know, price isn't always increasing and drops can occur at any time, no matter how much you invest, you would still get profit because of the increase in the value
 
There is no particular amount in investing. That's is while it is said invest want you can loose
 
That depends on the amount you have as stashed cash. As a beginner if you are financially boyant and wants to invest so badly I think you can begin with $5k and see how it turns out. But an instance where you are not financially boyant and want to invest, don't go all in and make sure what's left can attend to your immediate needs if any reason arise that warrants attention.
 
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.
 
Heatman said:
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?
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You can start with any amount depending on the amount you can afford. $200 is good to start with if you don't have much. But if you can afford, start with from $2000
 
There's actually no idea amount to invest as a beginner but to my own advice as a beginners start with what you can afford and build on that as you know that experience is the best teacher. So overtime you will get used to it and it will be nice you trade cryptocurrency.
 
Whatever you can afford to be used but remember that your returns will be based on what invested- so also your losses. Seek the advice of professionals before investing in any cryptocurrency especially bitcoin whose movement or decline could wipe your entire capital.
 
There's is no fixed amount to use to invest or start a bitcoin or any other cryptocurrency. The amount you start with depends on individual ability to undergo risk
 
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