Bitcoin is currently the hottest investment category with tremendous profits it brings. However, most of us still have a rather vague understanding of this investment form, not knowing where to start, where to buy Bitcoin at the lowest price, how much money is needed to buy bitcoin, below I will answer you based on my 2 years of investment experience, I am not a PRO but I started with empty hands and have accumulated a bit of wealth from trading bitcoin.

How much money is needed to invest in bitcoin?

This is a question that many people may be curious about. In fact, bitcoin is similar to a type of electronic security and is a commodity that can be bought and sold, so how much money you spend to buy bitcoin is up to you, there are no limits and no one forces you to buy a certain amount to be able to play bitcoin. You can spend a few tens of thousands of VNĐ or even a few tens of billions of VNĐ to buy, 1 bitcoin is divided into 100 million smaller units called satoshi, you can completely buy 1 satoshi, which means only buying 0.00000001 bitcoin if someone is selling it, that amount of money is insignificant. However, major foreign exchanges have a minimum price to match an order of about 10 USD, so if you want to trade coins to make money, you should invest at least 10 USD equivalent to about 230,000 VNĐ at the current exchange rate.

Start by trying to buy 0.01 bitcoin here:Binance

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How to invest?

There are 2 ways to invest for beginners:

Method 1:

Buy and just wait until bitcoin increases in price to sell, the profit lies in the price difference between your buying and selling.

For example, at the end of 2018, the price of 1 bitcoin was 70 million per bit, you buy 0.1 bit = 7 million.

At the current time in July 2019, the price of 1 bitcoin is 300 million, 0.1 bit you bought is worth 30 million, you sell, making a profit of 23 million.

Method 2:

Use that amount of bitcoin to send to the trading platform to increase your number of bitcoin by using bitcoin to buy cheaper coins; if those coins increase in value, your profit will be in bitcoin. This is the investment method of the majority of bitcoin players today, as they receive profits in bitcoin. Even if bitcoin decreases in price, they can still sell the profit bitcoin for cash, and if bitcoin increases in price, they effectively receive compounded profits, both from the increase in bitcoin and from the increase in price.

Because other coins have lower value than bitcoin, they can easily increase many times more than bitcoin. However, if they decrease, they will also drop significantly, potentially going to zero if you buy garbage coins or scam coins that exchanges delete.

Specific illustrative example:

I used 1.5 bitcoin to buy BTT coin at price levels of 13, 14, 15, 17 satoshi and sold at 28 sat, making a profit of 1.5 bitcoin in one week on Binance, the largest cryptocurrency exchange in the world at the moment.

1.5 bitcoin is currently worth 5 billion VNĐ


Sell

Why can you start with a small amount of money?


I heard that currently the price of bitcoin has reached billions of VNĐ, so how can you buy bitcoin with just a small amount?

Let me give you an example for easier understanding: 1 kg of gold currently has a value of approximately 1 billion 800 million VNĐ. However, you can still start investing in gold with just 1 chi of gold or less; several hundred thousand VNĐ can also buy gold as long as there is a product of the appropriate size. Similarly, bitcoin can be divided into 100 million smaller units called satoshi, 1 BTC = 100 million satoshi, which means you can completely buy 0.00000001 bitcoin to start your investment journey with a required investment of 0.0006 USD at the current time. However, most bitcoin exchanges have regulations that only allow placing a buy or sell order for bitcoin with a minimum value of 5 USD; thus, the minimum amount to buy bitcoin on investment exchanges is 5 USD.

Investing with such a small amount, what kind of profit will that bring?


Of course, if you can invest with a larger amount, the profit can be much greater, therefore, after understanding how to invest in bitcoin, or rather investing in cryptocurrency, you can start investing with the amount you can afford, then diligently buy and sell, trading to increase your assets, don’t look at the amount of money you have, look at the quantity of assets you hold, for example, if you start investing with a capital of 0.01 BTC, trade to turn it into 1 BTC, 10 BTC... and then you will become wealthy.

How can one increase their assets like that?


Example:

You invest 1000 USD to buy 0.1 BTC when the BTC price is 10k USD, then the BTC price rises to 30k, you sell and receive 3000 USD, then the BTC price drops to 15k USD, you use 3000 USD to buy back, it will become 0.2 BTC, just keep trading buy low sell high like that daily, your BTC will gradually increase more if you have a proper trading method, patience, and good capital management.

In addition, it is important for you to understand that in the cryptocurrency market, there are thousands of different coins and they can increase in value hundreds of times more than BTC. If you invest in real estate for a year, it might increase by 2 to 3 times, but in the coin market, the story of coins increasing in value thousands of times within a year, even in a few months or a day, is not rare at all. Of course, profits come with risks; if it increases by 1000 times, it can also drop by 1000 times when the price decreases. And you can use BTC to buy into these other coins; if they increase in price, your BTC will increase.


Conclusion:

Investing in Bitcoin does not require a lot of money; you can completely start with 100 thousand VNĐ in your pocket. What is needed is your agility, courage, and patience. Don't treat this as a game; consider it a business, and the cryptocurrencies are your business goods. You need to have a solid business plan, reasonable capital allocation, just like investing in real estate or gold; buy when the price is low and sell when the price is high. Don't listen to others' words; study carefully, as most players lose money because they are greedy or fearful, or they gamble when participating in this market with games of chance like binary options, Forex, using high leverage, and borrowing money to play.

Register for BTC trading here and receive 300 USD to start trading

Wish you success and make a lot of money ^_^