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Author Topic: Is there a required amount before you start trading?  (Read 1399 times)
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September 12, 2018, 11:41:12 PM
 #61

While there is no required amount to start in trading, there is a minimum amount that you can transact set by every exchange site. Like example in Bittrex minimum is 0.00100000 BTC however if you trade with that amount I dont think you will feel the profit that you will earn from it so better increase your capital when you trade.

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matthewoz101
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September 13, 2018, 12:07:32 AM
 #62

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?

There isn't a required amount to start trading. However, many exchanges have withdraw fees that you can look at. There are also trading fees for every time you make a trade.

There are certain exchanges, not many, that have a minimum amount until you can start trading. Bitfinex requires to deposit a total of $10k USD before you can start trading on their exchange.

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September 13, 2018, 07:38:16 AM
 #63

While there is no required amount to start in trading, there is a minimum amount that you can transact set by every exchange site. Like example in Bittrex minimum is 0.00100000 BTC however if you trade with that amount I dont think you will feel the profit that you will earn from it so better increase your capital when you trade.
Yes, we can freely spend unlimited capital to start trading, but most of each exchange site certainly limits the minimum transaction to make a purchase or sale, because each user can be taxed, because the tax itself can benefit the exchange site itself .

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September 13, 2018, 07:40:29 AM
 #64

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
no need to be big. because that value is relative to our ability. especially the mood when trading is the most important when we want to start trading. so make sure your emotions are controlled


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September 13, 2018, 08:09:38 AM
 #65

to start trading in bitcoin there is no amount you have to invest, because in each exchange has determined the minimum amount to invest for the first time

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September 13, 2018, 11:30:17 AM
 #66

Trading is risky so you should use money that willing to loss, and for the better use maximum 1% of total your money. And then try to multiple that money in trading by compound strategy. If you have management of money, disiplin and trading plan you have probability to make that money up to 10 to 50 times in 1 years from crypto trading.
There are a lot of things a trader need to always know before trading and you tend to learn from experience every single day which is why I always say for every new trader, the required amount to start trading is $0. Why did I say that ? You can start trading and practicing what you have learned, without trading with real funds.

For instance, platforms like bitmex gives you free money to play around with. Get to use this to perfect your trade, gain confidence on how to trade effectively with real money which is something you will get to know yourself from how you have been able to utilize the free money into getting something substantial and in all cases, do not rush a damn thing.

If you rush in, you will rush out no matter the amount you start with.

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September 13, 2018, 06:12:11 PM
 #67

No required amount as soon as you have the courage to have to. Hundred Dollars?? that's pretty good to start your trading. You don't need to have so much of money to trade because you can get coins and tokens on many ways like bounty and airdrops. This two are the basic source of coins and tokens. If you have a coin or rather token that has a good value you can now start your trading career. Base on experience bro, lol. This is only my opinion and suggestion though.

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September 13, 2018, 06:50:42 PM
 #68

Actually it doesn't matter how much do you have to start trading. You can start even from 50$. But what is really important is to learn about how study to trade.  First of all try to learn about technical analysis.

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September 13, 2018, 06:56:55 PM
 #69

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
Theres no specific amount needed as long you can able to fund up with some amounts that would be on minimal for you do able to trade on and its always been ideal to start up with small amounts on test or practice phase rather than on trading directly with big capital because due to lack of knowledge and experience you would just simply burn or blown out your entire trading account balance. Always be practical and dont let yourself hurry to much on learning it because it cant be achieved overnight.


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September 14, 2018, 11:39:44 AM
 #70

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
You don’t need to be earning any particular amount before you can buy Bitcoin, as long as you have the money and you know that you’re ready for it, then you can invest in it, but have in mind that profit doesn’t come all the time and that you might lose money at anytime. So always cut your loss by withdrawing your money anytime you’re meant to do that. And as for how much you need for trading, maybe $100 or $250. Start small and get big, also have patience.

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September 14, 2018, 11:45:58 AM
 #71

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?


Nope no required amount you need to have starting in trading
You can start with small amount of bitcoin or capital to start trading but do not expect to got huge profits return
Huge amount investing in trading their also had possible to get huge profits but need to ready for a loses

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September 14, 2018, 11:49:21 AM
 #72

Actually they don't have required amount to start trading but we say they need that amount to earn profit every month. Because if you have good capital or much bigger it is good for you and for sure you will earn more money even everyday like other trader even the market are down they still earning because they have a lot of coins in their wallet.

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September 14, 2018, 12:17:59 PM
 #73

While there is no required amount to start in trading, there is a minimum amount that you can transact set by every exchange site. Like the example in Bittrex minimum is 0.00100000 BTC however if you trade with that amount I don't think you will feel the profit that you will earn from it so better increase your capital when you trade.
This is right mate. At least you have 0.001 BTC in exchange for fiat money excluding the transaction fees. But I guess this is just too little amount for trading. Anyway, to start with at least for an experience you can do it with this amount or little by little then increase gradually once you know the strategies in trading for more profits.
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September 14, 2018, 12:50:27 PM
 #74

Actually, the amount of capital needed to start investing in cryptocurrency is not regarding on the amount you are willing to take risk, but the amount of guts, effort and faith on the cryptocurrency itself. This market requires physical, emotional, and mental strength and thats the capital you need to have beside money.

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September 14, 2018, 12:52:48 PM
 #75

In trading, your input is as good as your output. You can invest any amount of a particular currency in an exchange trade, but on the margin trade, it is advisable that one should have a substantial amount of money that would be able to hold your trade long enough before you make profit on it - as the crypto market seem to be very volatile.

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September 14, 2018, 02:08:35 PM
 #76

I think 1 btc is enough now. Starting lower does not bring much revenue.
 it is a very reasonable figure. if it was my current experience, start with a minimum of $ 10,000.


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alfs75
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September 14, 2018, 02:34:42 PM
 #77

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?

definetly in my own perception,its better to have an enough capital or fund before we start trading,in order to gain a good profits of your investment,especialy if the exchange market become marketable and everythings transaction are in good terms ,otherwise in my own thought the exact amount before start trading its costly $200 and this kinds of amount are enough to make an trading investment.

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Akoldi_ibk
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September 14, 2018, 05:13:16 PM
 #78

Deposit fee, withdrawal fee and trading fee will suck up your profits if you don't have a substantial amount and you risk losing everything if you are not a good trader. Best advice is to start with what you can afford to lose. You don't need to earn a certain amount before you can buy bitcoin. All you can do is to set apart a particular amount from your earnings to buy and accumulate bitcoin every month.
Impulseboy
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September 14, 2018, 05:56:55 PM
 #79

Trade can begin with any amount available to you. The main thing is that these are your "free" money (not intended for important needs). Also, I do not recommend taking money in debt.
The size of your salary doesn't play any role here. Everyone has his own needs. You can have enough $3000 per month and for someone $10,000 per month will be small amount and he will not be able to allocate even $100 for trading.

While I do not have credit card debts to pay as I have already paid them last month, I still have insurance I need to pay for the next 5 years. However I do wonder, when people say "use any amount you are willing to lose", how much does "small amount" usually costs?
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September 14, 2018, 06:30:16 PM
 #80

Their is no specific amount of money that is required to trade in my opinion. Any amount you can afford comfortably without it creating a hole in your pocket. Do not invest much into trading so that it won't affect you if you lose it
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