If I invest $100 in bitcoin today

The presence of FOMO is just about the one predictable attribute of the extremely unstable crypto market. Each time a coin or a token moons, the neighborhood will get divided into two teams: people who managed to revenue from the value spike and people who want they did.

FOMO drives many individuals to make rash choices, reminiscent of investing in a shitcoin that may crash proper after they purchased it. Nevertheless, Bitcoin shouldn’t be as dangerous as your common run-of-the-mill cash and tokens — it’s much more secure and has firms and institutional buyers backing it up. Moreover, it leaves lots of people questioning — what might’ve occurred if I invested in Bitcoin yesterday, final month, or three years in the past?

So what may occur in the event you make investments $100 in Bitcoin at present? Nicely, you may luck out and make a 100% revenue in only a few days, or chances are you’ll promote your cash on the fallacious time and lose your $100. The dimensions of your revenue (or loss) will rely not solely on the unpredictable crypto market and BTC value but in addition in your capabilities as an investor.

Some Questions You Ought to Ask Your self Earlier than Investing in BTC

Whereas $100 could not seem to be lots, there are nonetheless a number of issues it’s best to contemplate earlier than investing in Bitcoin.

To start with, ensure you perceive what Bitcoin is and what determines its worth. That is important for having the ability to anticipate its value actions. Don’t put money into BTC simply because it’s the brand new cool factor to do — you stand to lose some huge cash that means.

To know whether or not you’re simply satisfying your FOMO or are genuinely occupied with BTC, reply the next questions:

🤔 Why didn’t I purchase it earlier when Bitcoin was cheaper?

🤔 Why am I shopping for it — to hodl or to make a fast buck?

🤔 If it’s the latter, then why do I feel I will promote it later at a better value?

🤔 Am I OK with the danger? Can I afford to lose all the cash that I’m going to put money into Bitcoin?

🤔 Am I absolutely ready to put money into BTC? Have I discovered a dependable cryptocurrency change and Bitcoin pockets?

Your solutions to those questions ought to aid you to grasp whether or not it’s best to put money into Bitcoin or not. 

Moreover, we’d advise towards investing in Bitcoin or crypto typically in case you are susceptible to falling for playing traps. The crypto market is extremely speculative, and its high-risk rewards nature can simply suck in people who find themselves weak to playing dependancy. Please bear in mind to watch out.

What Is Bitcoin?

Let’s be sincere — as the most well-liked cryptocurrency and a technological phenomenon, Bitcoin most likely doesn’t want an introduction at this level.

“Bitcoin” is a phrase that most individuals have heard no less than as soon as. It’s a decentralized digital foreign money that was created again in January 2009 by a person (or a bunch of people) that goes by the identify of Satoshi Nakamoto.

Bitcoin guarantees its customers a variety of various advantages, reminiscent of anonymity, low transaction charges, real cross-border funds that aren’t reliant on politics, and so forth. It revolutionized the monetary world and spearheaded the creation and improvement of the crypto trade and the crypto market.

As Bitcoin turns into extra widespread and common customers study extra about it, there’s a likelihood the coin’s value will turn out to be lots much less speculative. The extra Bitcoin believers are there, the extra secure the Bitcoin value will probably be.

What Makes Bitcoin Worthwhile?

In contrast to fiat currencies, Bitcoin shouldn’t be given worth by governments, and it isn’t extensively utilized in retail (no less than, not but). Nevertheless, it does have its use circumstances, and its underlying expertise, blockchain, is at the moment revolutionizing a variety of assorted industries. 

Like some other foreign money, Bitcoin can be utilized as a medium of change and a retailer of worth, however at the moment, these are usually not its main use circumstances. Bitcoin’s worth is usually derived from what individuals are keen to pay for it and is pushed by its scarce provide and rising demand. 

In consequence, it may be fairly laborious to foretell its value, and Bitcoin finally ends up relying lots on the final angle of the market. As we’ve seen earlier than, many Bitcoin holders are susceptible to panic and have “weak fingers,” that means they have an inclination to unload their cash when BTC value begins to say no, driving the worth of the asset decrease.

Is It Good to Spend money on BTC Proper Now?

BTC is at the moment considerably secure — there have been neither large corrections nor drastic value spikes prior to now few days. Nicely, its value went from $58K on October 28 to $64K on November 2, however that may hardly be known as an enormous value change for Bitcoin. General, we’re nonetheless in a Bitcoin bull market.

Most consultants are at the moment predicting that Bitcoin will proceed to rise within the close to future — regardless of the large development, bulls are nonetheless shopping for the coin, not letting its value drop too considerably. In consequence, Bitcoin shouldn’t be anticipated to endure a correction anytime quickly.

Nevertheless, (and we all know we at all times say this, however it will be important), cryptocurrencies are means too unpredictable more often than not to make any dependable value predictions. We usually advise towards investing in crypto when the market and that exact coin or token is booming, however, as we had outlined above, this rule doesn’t at all times apply to Bitcoin (or Ethereum), which might proceed to go up for weeks on finish.

On the finish of the day, so long as you assess the dangers and the asset you’re planning to put money into doesn’t appear to be due for a correction, investing in it ought to be a secure guess, particularly in the event you don’t plan on promoting that asset instantly. 

Is $100 Sufficient to Spend money on Bitcoin?

Whether or not $100 is sufficient or not will depend on your finish purpose. If you wish to reap monumental good points, then $100 won’t be sufficient. But when your purpose is to easily get some revenue or to leap onto the Bitcoin prepare, then it’s greater than ample. 

Can Investing $100 in Bitcoin Make You Rich?

Nicely, it will depend on how a lot Bitcoin will rise sooner or later and if you’re going to promote it.

Often, when folks make investments low quantities, reminiscent of $100, they simply reinvest their revenue into their asset of selection as a substitute of cashing out. Bitcoin is not at that stage the place you may make hundreds of thousands of {dollars} by investing as little as $10 in it — if that’s what you’re after, you’ll be higher off betting on the success of random shitcoins.

See additionally

Contemplating Bitcoin is at the moment round $60K, in the event you purchase $100 price of it now, it might want to go as much as roughly $588 million so that you can make a million {dollars} off the sale.

Nevertheless, there’s one other strategy to turn out to be rich by investing as little as $100 in Bitcoin: doing it frequently, similar to the way you’d prime up your financial savings account.

Can You Lose Cash on Bitcoin?

There are a lot of methods in which you’ll lose cash by buying and selling or investing in Bitcoin. Firstly, chances are you’ll promote it at an inopportune second and lose your preliminary funding. Secondly, your pockets could also be stolen, otherwise you may lose entry to it. Thirdly, chances are you’ll run right into a rip-off… And the checklist goes on.

Whereas the trade has developed rather a lot, and there are a lot of respected crypto companies on the market nowadays, cryptocurrencies are nonetheless neither secure nor protected as different belongings. Keep in mind to remain vigilant and by no means make investments greater than you’ll be able to afford to lose.

We give a number of normal tips about methods to not lose your cash whereas exchanging crypto in our article on refunds.

How Can a Newbie Spend money on Bitcoin?

It’s as straightforward to purchase Bitcoin as it’s to purchase the rest on-line! There are tons of nice companies that supply user-friendly and hassle-free methods of buying Bitcoin and different digital currencies. Be certain to decide on a cryptocurrency change that may hold your private information secure (or doesn’t ask for it in any respect) and has a good change charge. You may try our information on methods to purchase Bitcoin right here or simply buy BTC whereas studying this text.

Is It a Good Concept to Make investments $100 in Bitcoin?

In the end, it’s as much as you whether or not investing $100 in Bitcoin is price it or not. If it’s a one-time funding and also you simply wish to attempt crypto out, we’d suggest going with a decrease quantity since you’ll be able to’t revenue a lot from $100 anyway.

Nevertheless, if that $100 is part of an funding plan, or if you wish to hodl that Bitcoin for years to return, then it is perhaps price it.

If you wish to make large speedy income, then buying and selling is perhaps a greater match for you. You may commerce Bitcoin or go for one of many smaller cryptocurrencies that are inclined to have extra drastic value actions.

Should you’re searching for extra digital belongings to put money into, try our overview of the cryptocurrencies that we expect may increase in 2022.

Please word that the contents of this text shouldn’t be seen as monetary recommendation. Good luck in your crypto journey!

Disclaimer: Please word that the contents of this text are usually not monetary or investing recommendation. The data offered on this article is the writer’s opinion solely and shouldn’t be thought-about as providing buying and selling or investing suggestions. We don’t make any warranties concerning the completeness, reliability and accuracy of this info. The cryptocurrency market suffers from excessive volatility and occasional arbitrary actions. Any investor, dealer, or common crypto customers ought to analysis a number of viewpoints and be acquainted with all native laws earlier than committing to an funding.