Is it necessary to buy whole amounts of a cryptocurrency? - p. eg, should I buy 1 exact BTC?

[starwill 456]

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

[Emma 611]

6 minutes ago, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

yes this is a confushion for new traders. almost i saw someone who didn't invest on btc because he couldnot buy a full bitcoin😍

this post will help these people

[Saqib Ali Sadiq 438]

i am not agreed, dont buy the whole crypto currency, just buy that coins, which are daily moving and they are going up, dont invest in this and dead coins which are totally shit.

[cryptokram 102]

On 10/8/2019 at 8:06 PM, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

all of us can buy bitcoin at the amount we can afford to buy it, if you have a lot of money you can buy 1 bitcoin but if not, don't push yourself on which you can't afford to have it. 

 

On 10/9/2019 at 3:00 PM, Saqib Ali Sadiq said:

i am not agreed, dont buy the whole crypto currency, just buy that coins, which are daily moving and they are going up, dont invest in this and dead coins which are totally shit.

Right, if there are other coins that are aggressive in the market, that coins is one of the good to buy and trade it too to get profit.

[Akbor 1042]

You can buy as you can afford. you don't need to buy exact one btc . New traders before making trading should study about trading strategy .

[iloveyobit 6599]

bitcoin is like other real correcny  exactly , and like gold and diamond , you can buy 100 $ all gold and you can buy 1 pic of gold too , you are free to choose 

[CryptoBoy20 170]

No it's not necessary to buy whole amount of cryptocurrency because anyone can trade with any amount there have no minimum no maximum.

[nasipadang 399]

On 10/8/2019 at 7:06 PM, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

You are right, there is no need to buy 1 bitcoin or 1 doge for example. adjust to your money and management of trading or investment that you have specified in the spot coin market. iI's just to see the profits of cryptocurrency, large capital can be very influential.

[febriyana 934]

I think that is depend where you buy your cryptocurrency.

For example in Binance, they only allow buy altcoin with exact number, like buying Dogecoin, Siacoin, Verge, etc.

But for your budget purpose, yes you only need buy with your plan. If you plan buying $100 worth of Bitcoin, just buy it with the number nearest that coin. Don't buy whole amount because you don't want see the decimal number.

[xprince1996 865]

On 10/8/2019 at 8:06 PM, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

At first i thought that i cant buy bitcoin with decimal amount so i didnt buy any bitcoin amount but the time i learned that it is possible i begun to accumulate little by little until i reach my target holding amount.

[Brushless4500KV 4214]

It is true that everyone can buy as much BTC as they want but there are some limitations either. Some exchanges have a minimum amount of buying or deposit amount. Another important point for beginners who want to buy BTC for trading is that although they don't need to buy a full BTC, they should not buy very low amounts too because it is difficult or sometimes impossible to make any profit with only a few satoshis because fees are high. So, in my opinion everyone should buy as much bitcoin as they need to reach a particular amount of profit. For example, if you want to earn $100 profit you have to buy $1000 worth of bitcoin which is about 0.1 BTC. More BTC will bring you more profit.

[Pearls Before Swine 815]

I've seen some instances of confusion like what OP described, but that usually is not the case.  It's one of the first things you learn when you get into bitcoin (or altcoins), ie, the fact that each coin can be divided into 100 million smaller units.  And even if that isn't obvious right from the start, it isn't hard to pick up that fact.

 

I don't remember ever *not* knowing I could buy small amounts of bitcoin instead of a whole coin.  When you get started out by using faucets, it's clear right away.

[Rahim Lakhany 3]

No, it’s not necessary at all. You can buy any amount you feel comfortable with. Or else if you are not interested in buying, you could try and trade through FreshForex. It’s simpler because you can get out anytime you want and keeps it all so much comfortable.

[Frozen Kingdom 211]

On 10/8/2019 at 6:13 PM, Emma said:

yes this is a confushion for new traders. almost i saw someone who didn't invest on btc because he couldnot buy a full bitcoin😍

this post will help these people

At first when I was new on crypto I wanted to buy 1 bitcoin. But I had not that capability so I abandoned the idea. I didn't want to buy few dollar of bitcoin. But at last I changed my mind and bought 0.035 btc.

[khan22 3478]

This is not necessary that we buy the all coin because like this we just invest our all money in just a single coin we can buy coins satoshis like BTC, ETH, LTC and also other good coins which will give us good profit in future and we can buy unlimited coins in the exchange.

[Emma 611]

58 minutes ago, Frozen Kingdom said:

I wanted to buy 1 bitcoin.

Most of the newbies think in this way in their first view . It is natural because we can realize the profit of those who own a full bitcoin.

[CryptoMaxim 3829]

On 08.10.2019 at 16:06, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

You can buy as 1, 0.5, 0.3, etc. at least $ 10. The amount you bought will also change in percentage terms of the price of bitcoin.

[Ankit Nepal 719]

On 12/22/2019 at 3:10 PM, Chy944 said:

Why will you buy 1 BTC when you don't have equivalent amount of investment of 1 BTC so I will say that if you don't have that amount of investment then you can buy less than 1 BTC .

No absolutely not. It is not necessary to buy a coin. Simply you can buy any amount . You do not need to invest or trade exact amount if coin and variable number is allowed 

[xprince1996 865]

12 hours ago, iroman01 said:

No need to buy 1 bitcoin or 1 doge for example. adjust your money and manage transactions or investments, If you plan on buying Bitcoin worth $ 1000, just buy it for the nearest amount

You have a point but sometime buying a whole bitcoin will make easy for you to compute your profits once you do some trading.

[Sagor 500]

You should buy as you can afford . no one should buy crypto with his all asset. crypto market is risky and you need to wait to make profit from it.

[Hatred 1388]

On 10/8/2019 at 8:06 PM, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

Yeah, I agree to you. You must only buy the coin you only need. Don't buy it whole because it can only cause you to become poor because you buy 1 bitcoin that cost a high amount of fiat currency.

[bliznec 22268]

It is not at all necessary to do this and to buy whole numbers of cryptocurrencies, rounded. There is nothing like that. 

[Opinder 1310]

On 10/8/2019 at 5:36 PM, starwill said:

This is a confusion of most beginners in the world of cryptocurrencies. The answer is NO: almost all cryptocurrencies are divisible into several decimal places. The bitcoin, for example, can be divided up to 8 decimal places. Thus, you could buy $ 100 equivalent to 0.01223 BTC (bitcoins) - it is an example, the figure changes according to the price of the bitcoin.

You could buy any amount of any coin, but it would depend on the minimum limit of exchanges or sites. For example on some sites you could not buy less than 0.001 btc and some wallets also have minimum limit of receiving coins. So your minimum limit of buying coins would be effected by sites but there is no maximum limit for this.

[Sasaki 171]

Of course you can't that, it's so much for the price of the btc, well you can only do buy some of it to invest, just plan on the capital you need to cost on btc. 

[Ms.o 3322]

Ofcourse not! You dont need to buy at exact numbers,you can buy or invest as low as 5 dollar and as high as how much you can afford to lose. Besides,not all can afford to invest big amount of money.