Quote from: MiF on April 23, 2023, 11:30:20 AM

Quote from: Godlovesyou on April 19, 2023, 06:15:09 AM

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?

We cannot deny the fact that there is a big advantage if you start in a big capital, big capital can earn big profit, but if you start with small capital you can only earn small, i also experience buying btc in a small amount and i have a big regrets after seeing btc rise very quick i started ask my self why i only put up a small capital now i only earn small profit. But we cannot blame our self because investing in crypto is very risky and we need to be whole hearted anytime because the price is unstable.

I agree that large capital is an advantage in investing because it gives a higher return, but when starting, only the minimum amount of capital should be used to get used to everything because investing is risky. You invest a small amount and feel sorry to see the market go up because you didn't invest more, but if unfortunately, the market dumped, you will feel quite lucky that you did not invest a large amount.

Investment should not be rushed, do not be afraid to miss the opportunity but invest greedily and blindly. Instead, invest slowly and experience the market, and don't be afraid of not having an opportunity for yourself, as long as the market exists, the opportunity will always exist.