Invest $100 In Bitcoin. The presence of FOMO is the only predictable feature of the incredibly volatile crypto market. Every time a coin or token flies to the moon, the community is divided into those who benefit from the price increase and those who want it.
FOMO causes many people to make hasty decisions, like investing in a crappy coin that can crash immediately after purchase. Bitcoin is not as dangerous as your regular coins and tokens – it is much more stable and backed by corporate and institutional investors. Also, many people wonder what could have happened if they had invested in Bitcoin yesterday, last month, or three years ago.
So what could happen if you invested $100 in Bitcoin today? Well, you could get lucky and make a 100% profit in just a few days, or you could sell your coins at the wrong time and lose your $100. The size of your profit (or loss) depends not only on the unpredictable crypto market and BTC price but also on your skills as an investor.
Table of Contents
Some Queries To Ask Yourself Before Investing In BTC
- What is Bitcoin?
- What Makes Bitcoin Valuable?
- Is It Smart to Invest in BTC Now?
- Is $100 enough to invest in Bitcoin?
- Can you get rich by investing $100 in Bitcoin?
- Can you lose money with Bitcoin?
- How can a beginner invest in bitcoin?
- Should You Buy Bitcoin Today?
- So what happens if I invest $100 in Bitcoin today?
While $100 doesn’t sound like much, there are still a few things to consider before investing in Bitcoin.
First, make sure you understand what bitcoin is and what determines its value. It is vital to anticipate its price movements. Don’t invest in BTC just because it’s new and cool; You could lose a lot of money this way.
Understand If You Are Satisfying Your Fomo Or Interested In Btc
Please answer the following questions:
- Why didn’t I buy it previously when bitcoin was cheaper?
- Why am I buying it?
- If it’s the latter, why do I think I can sell it later for a higher price?
- Am I OK with the risk? Can I Pay to Lose All the Money I Will Invest in Bitcoin?
- Am I ready to invest in BTC? Have I found a consistent cryptocurrency exchange and bitcoin wallet?
Your answers to these queries should help you understand whether or not you should invest in Bitcoin.
Also, we advise you not to invest in bitcoin or cryptocurrencies in general if you are prone to gambling cheats. Remember to be careful. Lose all your bitcoin investments in a few hours.
What Is Bitcoin?
Let’s face it: as the most popular cryptocurrency and technological phenomenon, Bitcoin probably needs no introduction right now.
“Bitcoin” is a word that people have caught at least once. It is a decentralized digital currency created in January 2009 by an individual (or a group of people)
Bitcoin offers users a wide range of benefits, such as anonymity, low transaction fees, actual cross-border payments not dependent on politics, etc. He revolutionized the financial world and led the creation and development of the cryptocurrency industry and market.
What Makes Bitcoin Valuable?
Unlike fiat currencies, rate by government bitcoin is not widely available in retail (at least not yet). However, it has its use cases, and its underlying technology, the blockchain, is currently revolutionizing various industries.
Like any other cryptocurrency, Bitcoin can be used as a medium of exchange and as a store of value, but these are not the primary use cases at the moment. Bitcoin’s value primarily depends on what people are willing to pay for it and its tight supply and growing demand.
As a result, it can be pretty tough to predict its price, and Bitcoin ultimately depends very much on the general market sentiment. As we’ve already seen, many Bitcoin holders tend to panic and have “weak hands,” meaning they tend to sell their coins when the price of BTC starts falling, causing the asset’s value to fall.
Is It Smart To Invest In BTC Now?
Bitcoin price has been falling for a few weeks. It has lost nearly 20% of its value in the past seven days, so it’s safe to say we’re in the mid of a bear market.
Market data shows that the price of Bitcoin is likely to continue falling shortly. Most experts expect to find a support level at $30,000, but we believe the cryptocurrency could continue lower. After all, we are currently in the midst of one of the worst bear markets in years.
It’s always better to invest in an asset when its value is falling; However, finding the best entry point can be difficult. What if you buy 100 bitcoins today at $33,000 but tomorrow (or a week later) drop to $25,000? Well, at the finish of the day, it’s vital to remember that trying to predict and outsmart the market is always gambling.
TradingView technical analysis is currently giving Bitcoin a “sell” signal, so the price will likely continue falling. However, we recommend DYOR before doing bitcoin transactions.
Is $100 Adequate To Invest In Bitcoin?
Whether $100 is adequate or not depends on your end goal. If you want to win big, $100 might not be enough. But if your goal is to make a profit or jump on the Bitcoin bandwagon, then that’s more than enough.
Can You Get Rich By Investing $100 In Bitcoin?
Well, it depends on how much bitcoin goes up in the future and when you’re going to sell it.
For example, if you accepted $100 worth of BTC when the price of a single bitcoin was $40,000 and then sold it when it reached $60,000, you would have a $50 profit score of $1,000, you could have won $5,900.
Profits Into The Asset
Typically, when people invest small amounts like $100, they reinvest their profits into the asset of their choice instead of cashing them out. Bitcoin is no longer at the stage where you can make millions of dollars by investing just $10 in it; If that’s what you’re looking for, you better bet on the success of random shitcoins.
If you capitalized $100 in Bitcoin last week when it was around $42,000, it would need to grow to approximately $417 million for you to make $1 million from the sale.
However, another way to get rich is by investing just $100 in bitcoin: do it regularly, just like funding your savings account.
Can You Lose Money With Bitcoin?
There are many habits to lose money trading or investing in Bitcoin. You can sell it at the wrong time and lose your original investment. Second, your wallet can be stolen or lost access to it. Third, you might come across a scam. The list goes on.
Spoiler alert: Refunds for cryptocurrency and bitcoin transactions are complex, so ensure you verify all information you enter when making a purchase!
In our article on refunds, we provide some general advice on how not to lose your money when trading cryptocurrencies.
How Can A Beginner Invest In Bitcoin?
Buying bitcoin is as calm as purchasing anything else online! There are tons of excessive services that offer user-friendly and hassle-free ways to buy Bitcoin and other digital currencies. Make sure you choose a cryptocurrency exchange that keeps your personal information safe (or doesn’t require it at all) and has a favourable argument rate.
Should You Buy Bitcoin Today?
Ultimately, it’s up to you whether or not it’s worth investing in $100 worth of Bitcoin. If it’s a one-time asset and you need to try crypto, we recommend going for a smaller amount as $100 won’t get you much anyway.
Though, if that $100 is part of an asset plan or you plan to keep that bitcoin for centuries to come, it might be value it.
If you want to make big profits instantly, trading might be a better option for you. You can trade bitcoin or opt for one of the smaller cryptocurrencies that tend to have more drastic price movements. We do not recommend mining Bitcoin; Unless you already have all the necessary equipment, it’s questionable to be profitable.
If you’re looking for more digital assets to invest in, check out our rundown of the cryptocurrencies we think could explode in 2024
So What Happens If I Invest $100 In Bitcoin Today?
While cryptocurrency values are notoriously difficult to predict, at this point, most mainstream investors and Bitcoin evangelists believe that they will always bounce back and make new highs.
If the price of bitcoin skyrockets this year, you can multiply your investment tenfold. A hundred dollars isn’t a large sum, and as long as you invest $100 and not a dollar more (or at least not much more), you don’t have much to offer. Worry about losing your money. Of course, if $100 is a lot of money for you and you can’t afford to gamble, you probably shouldn’t make such a speculative investment.
Final Thoughts About Invest $100 In Bitcoin
When considering investing in an asset, it’s always a good idea to consider how it fits into your existing portfolio. And if you don’t already have one, consider what other assets — fiat currencies, precious metals, virtual currencies, etc. — you need to buy to reduce risk and meet your profit goals. An easy way to create a foolproof portfolio is to invest in a high-risk, high-return asset with gold or other precious metals.
Ultimately, whether you must buy a hundred bitcoins now depends on how you feel about this currency and crypto in general and its future potential. Please note that the content of this article should not construct as financial advice. Good luck on your crypto journey!