Re: Is there any point to start trading with 20$?

Quote from: BlackBoss_ on Today at 03:28:54 AM

Quote from: humanvelocity on April 25, 2023, 09:30:17 PM

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

It is wasting time and your health, life happiness too.

With only $20, you will lose a lot in trading fee (if the exchange you use for trading does not give user 0% trading fee). Trading is stressful and if you are newbie, you will spend lot of time to watch the computer screen, chart and it costs your time. Spending too much time on your chair, with your computer will make you more sedentary which is bad for your health.

With $20, let's buy a coin and hold it till it becomes bigger. In addition, you can use your salary and saving (part of it) to accumulate more bitcoins.

I'm glad someone mentioned how stressful trading is. I used to trade a few years ago, during the COVID-19 quarantine, with amounts ranging from $300 to $500 at a time. My profit was approximately 8% to 10%; I was mostly aiming to make $40–$60 per trade, depending on the occasion, of course. While I managed to earn some money, I found it extremely time-consuming, stressful, and life-deteriorating, especially if you're an anxious person like me.

You could possibly start with $20 just for the experience; don't expect to make any significant profit. However, is it worth it? I'm not exactly sure. In my opinion, I believe you should try just to experience what's being mentioned in the thread, and you'll be the one to judge if it's worth it or not. Personally, I've stuck to holding.