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.
We have seen cases where people start with little investment and were able to make good profits from it, so its not dependent on the amount you start with but the most important thing is you are in possession of bitcoin (the future). There is popular saying that goes “Don’t invest what you can’t afford to loose”. A starter might not want to invest big from the beginning but as time goes on and as his knowledge about bitcoin widens he would want to invest more and the best part is he can always invest more and more anytime he feels the need and gradually his investment will grow. DCA is ideal for folks who are hesitant to make large investments at once.
The amount you begin investing impacts both the percentage of profit you make when the market is rising as well as the percentage of your loss when the market is falling.
What do you think about my advised to him?
I suggest you just let him invest an amount the seems right for him so he won’t end up thinking about his investment and always checking charts of bitcoin price. He can always start small and after some time he can keep topping up his investment.