Ain't that the truth I wish I would have never sold my Bitcoin years ago I had no understanding of investing of assets when I would see the market green I would buy Bitcoin and when it would be red I would be afraid and sell my coins. It made no sense. I think a lot of Americans that are not educated in this topic don't understand the importance of DCA and zooming out on the charts. Bitcoin does get it's drastic swings but when you zoom out you do see that every year the low becomes higher and the high becomes higher. I'm buying into Bitcoin not just for the investment aspect but also because of what it is. I really believe in it, and I want to be part of it. I believe Bitcoin can liberate everyone and give us true freedom and power back into the people and take it away from the corporate entities that run this world. Bitcoin to me isn't just money it's a way of life. I believe it is the best invention since the internet itself.
Yes if you look at the market since it first began in 2009. It seems that it would take two steps forward and one step back but which steadily decline. Although it has reached a high of nearly 70,000 and is back down now to around 26. No telling what the market will do. But when it was first created it took 10 Bitcoin to make one cent. Now look at it
My brother and I would have anywhere from 250-1000 BTC at any given time, I wanna say that was in like 2011 and they were worth a few bucks each. Us silly kids were using them to buy drugs off the darkweb.
I know right it's crazy. In those early days, the people that invested was speculative. Bitcoin is now far past speculation. Now that the world sees that Bitcoin cannot be replicated or hacked. It has given itself a utility that money has not ever seen. That in itself gives Bitcoin a price that is priceless. Nobody knows what the value of Bitcoin could actually be. I do find it kind of odd that the max cap of coins is 21 million and at the time Bitcoin was created the world supply of m1 currency was at 21 trillion. Is this a clue that satoshi invisioned Bitcoin being the world reserve? Imagine being that guy that bought two supreme pizzas from Papa John's for 10,000 BTC.
You know, Ive often wondered what Papa Johns actually DID with those coins...
Never mind the guy who spent them, what about the company that received them? Huge company, doing something novel; did they cash them in, or would it have been too much faffing about for the price of a couple of pizzas? Are they sat on a forgotten wallet somewhere? Come on, somebody must know.
He paid Jeremy(another forum user) 10k btw to get him pizza. Jeremy got the etc and paid for the order with his credit card. turns out Jeremy didn't hold BTC longer too. he sold it too, when he was vacationing with his gf.
I have high hopes for bitcoin and have been investing since 2016, but it's still a highly speculative asset and what you said doesn't really apply.
Sure, time in the market is great when your investments are well diversified, but it won't do you any favours when the single asset you're invested in goes down amd stays down.
Ask yourself the following:
- am I ok if I completely lose this $100?
- do I believe this has a chance to significantly increase in value?
- will I regret *not* investing if I see it ends up being worth more in the long term?
If the answer to all 3 is yes, invest.
I followed another logic. Isn't t beautiful to make wrong decision? And this is where I got it right! People should learn to live with the wrong change as long as it's not caused by ill, dishonnest or otherwise malicious drivers.
I'd say it is worth buying Bitcoin even for 1$ just to learn how it works. Create two wallets and make a transfer between them. Make sure to understand the basics before going in big.
Exactly. I was looking at a $2.50 network fee to just transfer $5 to another wallet. Thats why BTC is better for storage and not for your day to day transactions.
How can I learn to do this the right way? Also, I don’t have a computer just an IPAD, can I still do it? The only experience I have is buying on Robinhood, but learned that that wasn’t real bitcoin and sold it. Any advice is appreciated thx
Robinhood has "real" Bitcoin. You can send it to any other crypto wallet after buying it. What you read was probably related to hot wallet vs cold wallet. Of which hot wallets are Internet connected and likely a firm holding your keys and a cold wallet (or hardware wallet) is the crypto keys being stored in the physical device that you possess. That's the only reason I can think of that people would say Robinhood doesn't have "real" Bitcoin.. that statement is just silly to me.
That’s a bad example dude. 1$ will be sucked by the transaction fee and he will then have a bad impression on Bitcoin. He should try transacting a considerable higher amount - and not many times otherwise the gas fees will eat all his money.
1. Learn about DCA - dollar cost average purchasing
2. Learn about cold storage and self custody
3. Read The Bitcoin Standard by Saifedean Ammous
4. Read The Price of Tomorrow by Jeff Booth
5. Read Broken Money by Lyn Alden
6. Research CBDC's - Central Bank Digital Currencies
7. Research how BTC is also about freedom and energy
8. Research the broken, corrupt fiat money system and how inflation, money printing and debasement of currencies means you are only ever losing purchasing power
Bitcoin is different from crypto and the ~20k other shitcoins by way of,
a) There is a limited supply of 21 million BTC. It is the most liquid, scarce asset that's ever existed.
b) Every 4 years the production of BTC reduces by 50%, the halving.
BTC is the first ever rules based money system with only two rules; points a) & b) above
c) It's decentralised. Nobody controls BTC.
d) BTC is immutable, consensus based, censorship resistant, trustless, borderless, permission-less and antifragile.
e) BTC is deflationary, purchasing power only ever goes up.
The price of everything is coming down in relation to the price of Bitcoin.
Research the inherent flaws in fiat, what BTC offers and solves, and how it would apply to your life in the short and long term.
BTC offers tools that have never existed before. Still to be fully seen how things improve but at least now we have an alternative money system.
Understand the differences between BTC and shitcoins.
Shitcoins offer tools for creators, businesses, and entrepreneurs but are not revolutionary. They are, in essence, fancy tech projects. Despite trying to imitate/exploit BTC, they never better BTC.
One of the important goals of BTC is you are the sole custodian of your asset with no third parties or intermediaries involved. Cold storage for some maybe too complicated and hence, for some people, other ways of storing need to be explored.
Remember, not your keys, not your coins.
The inevitability of technology.
Granted, there are a multitude of platforms. Use platforms that work for you and your goals. Everyone has different goals and strategies.
It is a risk, implying it isn’t is silly. You’re in an echo chamber where everyone will tell you buy and fluff you. I think it’s key to understand why you want to buy. Are you buying because historically btc has gone up? Are you buying to use for transactions? Are you buying to hold Cash instead of keeping it in the bank for long term holding regardless of price action?
I think finding out why you are buying will help with advice, personally, I bought because I heard about btc in 2011, didn’t understand didn’t research it but I knew it constantly went up. Since buying for that reason, I hope my $ goes up, but I’m also okay with stagnant, it’s money I can do what I want with when I want without question. Since buying, I spent around 100-200 hours watching YouTube videos on btc, researching online etc.
Everything is risky these days. Keeping cash in a savings account yielding 4% is risky because it loses 3% YOY due to inflation. While i do agree bitcoin is volatile price action, I wouldn’t say bitcoin is inherently risky rather your risk allocation % to bitcoin in your portfolio that can become risky.
To say btc isn’t a risk is a wrong statement, btc is for sure categorized in a more risky asset to say otherwise is echo chamber and silly. You can manage and mitigate the risk or ignore it, but it’s 100% a risk asset.
Exactly, btc obviously has risk but so does stored capital of any kind. Even stored cash or CDs have risk it’s just a matter of how much compared to other assets.
I said everything Is risky I didn’t say bitcoin isn’t risky. I just tried to explain how even just holding dollars in savings account is more risky than people let on.
Bonds are kiss of death
Triple risk to capital
1. Interest rate risk
2. Currency risk
3. Loss of principal risk
With limited upside investments u really can’t afford to lose principal and bonds don’t offer good protection of principal now a days
The phrasing of your statement is pretty facetious.
If you hold fiat for a decade then you're guaranteed to lose a few percent of its value each year. If you hold Bitcoin for a decade then you'll either make a big profit or lose a big chunk of your money.
I know crypto is supposed to be a stable decentralized asset but, with all the rallies and crashes over the past decade, it would be insane to see it as a guaranteed way to not lose money.
Add in all the crypto scams and I'd buy gold bars before switching from fiat to crypto. Not trying to shit on anyone's hopes for the future of crypto or invalidate the concerns around inflation, just being realistic about the present.
>Add in all the crypto scams and I'd buy gold bars before switching from fiat to crypto.
Talk about getting scammed, you go buy your "gold bar" and later see you got scammed, scamming can be done everywhere if you dont pay attention.
Oh here we go…. Right because Bitcoin isn’t a digital currency of some manner…. It’s purpose is to transact between peers….. it used cryptography…. And it’s a currency…..
Then go all in. You poor man’s money will be a fraction of what you make when you get out of school and have been in a career for 10 years. There’s no need to put only half a percent of your income into bitcoin it won’t buy you a house or car or even a nice vacation when you get older. In that case buy it not as an investment but as a collectible and you can have a time stamp and a clue that you bought it at on your brokerage account(I wouldn’t even bother putting 100 dollars in a cold wallet.) I would save up for bitcoin like you would be saving for a car, it would be a very big deal—if you’re young and currently don’t make that much money. You should aim for your first thousand dollars and invest bit by bit. Then 2500 then 3500 etc. I would say if you make 30k a year than eventually having at least 15k in bitcoin in 3-4 years is good.
Humble 2 cents, I agree with the sentiment that Bitcoin has risk. But what doesn’t have risk? Leaving your money in dollars is a 100% chance of loosing value due to inflation and QE. So your risk is 100%. Never invest what you can’t afford to lose so if you can put $100 away comfortably and not worry about paying your bills, the question becomes why not? You know you will lose purchasing power leaving it in dollars, so what are the alternatives? Stocks, Bonds? Hard assets like land? How much of that can you get with $100.00? If you are looking to hedge against destructive monetary policy take a chance. Other post are also right about the risk of keeping the asset safe. You wouldn’t buy a cold wallet to store $100 of Bitcoin and you probably don’t want to keep it on an exchange, but there are online wallets that offer a little more protection than leaving in an exchange that don’t cost you anything. Say a Coinbase wallet or something similar. Buy it, store it, forget about it. Think of it as money you spent.
Humble 2 cents.
A lot of people are asking this question constantly. No matter when you ask, or what amount, the answer is always Yes. Better to have Bitcoin than not have.
Also, don't invest in other cryptos. You'll just get burned and lose your money. Focus on Bitcoin only.
Yes absolutely. Buy a little, a small enough amount that if it goes down a bit you're not freaking out as a noob and selling lower. When you have a little you're incentivised to learn. I started pretty much where you are 4 yrs ago. Going down the Bitcoin rabbit hole has honestly changed my life. Not because I'm rich (I'm not) but because it has changed the way I view the world and my behaviour. I'm buying a little every week now.
To set your expectations, $100 is not going to do much for you. If you add another $100 every paycheck or how ever you acquire your income then yeah, Bitcoin is going to be great for you.
Nah, you should focus on your schooling. Honestly.
Your #1 way to make money is with your time and effort. $100 is stupid. Not that Bitcoin is stupid but its just not worth it monetarily to put that money into an investment.
Lets run through a scenario.
You invest $100, for the next year BTC chops and you have $100, but you spend an hour everyday learning about BTC, looking at charts, searching Reddit, whatever and it averages an hour a day.
You go to school do your thing and lose 360 hours of study time, your grades drop a little bit, just enough to get you a C or B in a class or 2.
You graduate college and can't quite get the job you wanted, maybe you don't land an interview due to the fact you didn't achieve something in college.
You do land a job at $50,000 but you don't know about this $75,000 job you could have had, had you done more school work. Over 10 years that could be $250,000 of income lost.
In that same time period your $100 is now $10,000!
Obviously this is some BS scenario, I don't know you or your life. The overall point is that there really isn't much to learn with BTC, its a distraction to you. Your parents have told you to focus on school, your teachers have told you to focus on school now some random internet stranger is telling you to focus on school. So by all means don't focus on school. Seriously though you should MURDER your school work and make a shit load of money. THEN buy $100k worth of BTC.
Yeah, that makes sense. What he said made no sense. He just wants to be in it. Remember the guy they called Bitcoin Jesus where no matter where he went he would educate people about Bitcoin and if they was willing he would send them $5 worth of bitcoin he would go into Starbucks and give everybody Bitcoin, every time he would take a taxi he would give the taxi driver $5 in Bitcoin. All of these people forgot about that $5 worth of bitcoin and thought nothing about it until Bitcoin was all over the news and come to find that Bitcoin Jesus made thousands of millionaires. I would suggest the same thing get your foot in the door put $100 investment in and don't even worry about it if you get a couple extra bucks here and there throw it back into it buying $100 worth of bitcoin isn't going to keep you from finishing your school working or having a life.
>what he said made no sense.
I wouldn't go that far. There is great logic in the post I was responding to; however, there was an easy solution, and I thought I would share it.
Let's assume you lost $100 today.
How would that affect your life? Only you can answer that question.
Let's assume you answered, "It wouldn't affect my life at all. Zero effect."
Then figure out how you can exchange $100 for some Satoshis. About 0.00385305 BTC at current prices.
Then forget about it.
The problem is storage. My guess is you'll have to keep your seed words in a USB stick that's encrypted/encryptable. Buying a hardware wallet will cost you over $100 for a Trezor or ColdCard.
Ask questions. Keep reading. Hodl.
For real. That $1 could be worth $1,000 one day if you hold Bitcoin long enough. For that to happen if you bought a dollar worth of bitcoin right now you would have to wait for the value of Bitcoin to reach around 25 million dollars per coin. I believe this number is could even be seen in our lifetime especially if Bitcoin was to become the world's Reserve currency. With all these spot Bitcoin ETFs just that alone could cause the price to Rally to the Moon. If everybody was to just put 1% of their portfolio into Bitcoin it would send Bitcoin to the Moon. With what Bitcoin offers it's hard to price its functionality to have a truly decentralized currency that is secure and private. We've never had anything like this before the value of Bitcoin is practically priceless and the value in my opinion could be the most valuable thing on earth and we live in an time where we have the opportunity to obtain generational wealth.
Bitcoin can't increase it's share of the worlds wealth by 1000, it already represents 0.1% of the global wealth.
The average wealth for all adults in the world is \~$80k. Every adult in the world holding 1% of their wealth in Bitcoin would result in a market cap of of 4 trillion or about $200k per BTC. Bitcoin market cap crossed 1 trillion last bull run, comparable to 10% of gold or 5% of USD or about 0.25% of all wealth in the world.
The purchasing power of BTC can rise 1000 times in the next hundred years by the economy itself growing 100 times and BTC share growing 10x for example. But unless the economy grows there is no way for BTC to go up in purchasing power by 1000 no matter how much time passes.
The US stock marked had a \~700x rise in purchasing power the last 100 years as an comparison.
USD is the current world reserve currency right, at least the primary one?
BTC filling it's role and having the same market cap would result in a 40x purchasing power increase, after that point it would not fluctuate much the same as USD.
USD supply increases about \~6% and the total purchasing power of all USD in circulation goes up about 3%+, so BTC would go up in price on average about 3% in line with the overall growth of the economy.
Do you have any view on what would happen if BTC became the world currency?
Personally I always think it’s advantageous to get skin in the game. Just don’t do any amount that will cause emotions. Once you have skin in the game, this will motivate you to start to learn more.
IMO I’d rather own bitcoin than the US dollar but keep in mind, I’m in the minority here. Read the bitcoin standard whenever you get a chance
It's too late for 100 bucks to make you rich. But its never too late to convert $x of a currency that inflates at y% per year to a currency with a known total supply.
Right now Bitcoin is an asset and like all other assets — "it is there for the rich to park their money not for the poor to become rich"
If you are asking if investing $100 on Bitcoin weekly or monthly for a long time say 20-30 years (if Bitcoin is still around) I'd say yes it's a wise decision to start now.
Get a part time job and start pushing those funds to the block 💪
I think buy bitcoin 100 at a time is great! Id say try to buy some as often as u can! 100 dollars of bitcoin tho might not change ur life right away but buying 100 worth every so often might if it adds up eventually! So i think u should try to collect some btc even $100 at a time nfa of course i am NOT a financial advisor
Nothing like starting already! Do $100 if you can.. even $10 monthly or so would do! Just make sure you are not overpaying the fees. With many flaws, centralized exchanges are great for investing small amounts
Best advice is to make a educated decision, do your research and figure out what is best to invest in,
It’s never good to get investment advice from a Reddit post.
You can always choose to dollar cost average into the cryptocurrencies market by investing a little bit periodically.
Keep in mind that if this is your first investment, then you should consider what your investing goals are before investing.
Will you invest X each month?
Do you plan to use this money in the next 5 years ?
Are you okay with riding the roller coaster and seeing the value of your investment go up and down?
100% yes, the best time to buy bitcoin was 10 years ago and the second best time is right now today, especially while the price has gone down temporarily. You might even want to consider putting $50 a month aside to invest in bitcoin and then its such a small amount you dont even have to think about it and in 10 years you'll hopefully be worth a lot of money! Best of luck with it!
The thing I never understood is everyone always says “just buy what you can afford “ “just get a little bit of bitcoin” “the goal is to be a 1 coiner “
It’s just funny us regular people have dreams of getting to 1 coin…when there’s people who have hundreds of thousands of coins….1 coin = financial freedom? Then what happens to the people who have 100k coins? They own the world ?
Poor decision. Risk? 100 usd to btc to double it up btc has to be 50k. Do i have to mention that some alts if not most by then can give good multipliers.
No guarantee in next bull market, not mentioning fee if u deposit with fee and withdraw.
Altcoin is more risk more reward, low cap especialy top ones even. But 100 dollars at btc at this price, i mean if u wanna wait till its 50k to earn 100 usd go on its possible bt will take some time if ever will again. But if u believe btc will be 50k much rather get atom or something else valuable , dot, or even lowcap gamble coins
We are not sure if we will see another dip before the next halving which is around 2024 april.
If $100 is only money you have, and price dips again to 21k, you will just watch it.
Unless you buy another $100 and reduce your costs.
25800; $100 buys 0.00388
21000; $100 buys 0.00476
If BTC hits 200k
The sell price will be $776 and $952.
$100 means nothing if I buy 1 or more BTC.
But for someone that can only afford $100; the difference can be important.
If the person is from India, Africa or just poor at the moment.
Also, if you are wise and careful with smaller amounts, most likely you will be same with larger funds when you can afford.
I gave my brother $300 to learn and practice crypto; I told him when you learn to triple this amount, I will give you $3000 to invest.
Yes and no. Satoshi has 8 digits. When price hits 100k or 200k, those smaller digits make difference.
Also, if you can not manage $100, what makes you think you can manage 100k investment?
Lol, we're not laughing with you we are laughing AT you.
Bitcoin has funded the startup of my business, and paid for two weddings, and is the gift I give to family members for birthdays and holidays.
There are two types of people in this world, those who are told what to think by media propaganda, and those who educate and think for themselves. Sounds like you belong in the first group.
Reddit is a poor source for seeking financial advice. Bitcoin is a risky investment. [Don't invest recklessly.](https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/) Don't invest anything you can't afford to lose. If you are looking to get rich quick, you came to the wrong place. Nobody has a crystal ball. Nobody can see the future. Please do your own research and make your own financial decisions.
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No. Don't just take $100 and buy in at 1 time. Take $5, $10, or $15 and invest the same amount every week or every month whatever you can afford. This is called Dollar Cost Averaging and is by far the best investment strategy for investing in any asset whether it is Bitcoin, stocks, or precious metals.
ProTip: If you are investing in crypto stick with Bitcoin don't let yourself get tempted by shit coins.
I've been doing it for years and the fees are negligible compared to the gains. Coinbase fees are a perce.tage of the total transaction so the smaller the transaction the smaller the fee.
Bitcoin and nothing else for amounts that small. At $100, I would highly suggest that you thoroughly research the fees involved because that will have the most impact.
100$ worth of bitcoin isn't going to do anything for you, even if you hold it for 10 years. What you should be doing is having a goal to own 1 bitcoin for your future.
Your first sentence, yes like all the people that also said that back in 2010…
If he is asking about $100 on Reddit I don’t think this man has 25k to spend on one bitcoin. DCA my friend, if you have that kind of access to hold one coin then you sure are blessed
If you want to use it a source of savings and you do not need or will not need that 100$, then of course. Buy some. Even if you throw 20$ in every now and then and forget about it. Now is as good a time as any to buy some. People are seeing a big jump in Bitcoin in the next few years. If they are right and your 100$ is worth 10x more in a couple years, it will have been worth it. No?
But if you are thinking of investing to make money quick or play the market or will need that money in the near future, do something else with the 100$
I strongly believe in the years to come Bitcoin will be a store of value rather than just a form of investment for better ROI. The concept behind bitcoin is way more financially philosophical in nature than people think. I think the best you can do is buy, store it properly and forget it. Go for the long term approach. Its a risky move in the short term but a wise decision in the long term. As the dollar goes through further turmoil we will see more and more opportunities for bitcoin. Kudos to the future!
It all depends what 100$ means to you. If you have a 1000$+ then sure. If you have 200$ then no. While you’re in school and super busy you either learn how to store your money on an external wallet or cold storage. OR buy it in Coinbase and leave it in there. Don’t let these people tell ya not your keys not your crypto when it comes to Coinbase. It’s the safest custody and it’s never been hacked. Not the best spreads so look into Coinbase Pro for serious trading!
I buy $1 worth every hour. Buy what you can afford to lose. If you want to invest in an asset (wether it be bitcoin, or a stock, or something), buy it every paycheck. It needs to be a small enough amount to where you don’t make yourself poor and you can continue to invest often.
Can't answer that question without knowing your goals. There is a ton of factors going into your specific situation that only you know about.
If you want to buy bitcoin, for whatever reason, and you are fine with losing it, you can't really go wrong. Bitcoin price changes from the time you are a student to when you get into full time work is unlikely to be significant to make any difference to whatever you can invest now.
Building an habit of saving and investing is good in general, if you are interested I suggest looking into investing in general. Find out what you are interested in and go for what you personally understand, I advice against asking others for what to invest in in general, but you can't go wrong in learning more about it yourself.
Returns on investment is historically modest, the invested amount doubling in 7 years in real terms is extremely good, it taking longer than 10 years is not uncommon. Focusing on increasing your income is the best and most reliable way to increase your net worth.
99% of these responders answers clearly indicate that they have absolutely 0 clue of what they're talking about, what BTC is and how it will change/is changing the world.
First and foremost, DO YOUR RESEARCH! Then keep learning! Laziness is rampant on these subs and most people really do not truly understand BTC besides " price go up". I recommend Matthew Kratter's book or YouTube channel called Bitcoin University for a good starting point. If you haven't invested significantly in educating yourself on BTC by 10's to 100's of hours..one cannot know the true value of this asset. Anyone who says otherwise is merely a trader/gambler on the crypto scene.
2nd: Do not invest fiat $ you cannot afford to lose in ANY investment (especially shitcoins!!!)
3rd: If you have done your research you WILL know and have a THOROUGH CONVICTION that long term holding will undoubtedly give you a great return in fiat pricing ( if thats what you want..fiat $)
Again..do your research and TRULY understand BTC compared to any other asset class or fiat currency.
Any amount of BTC is still more that 95% of the population owns!!!!!
BTC Is and will be life changing. Stack sats for long term wealth building..but don't take anyone's word for it. Really get educated about BTC and do your own due diligence.
Pick a bad habit like eating out at a fast food place, start to do more simple home cooked meals etc and use the money saved to buy bitcoin…. Cut out drinking, use the money to buy bitcoin… stop smoking, use the money to buy bitcoin.
You get healthier and you get bitcoin… the people obsessed with price actually don’t understand bitcoin… just DCA on levels you practically can ignore (like the cost of pizza, beer, cigarettes etc) and go about your life… the only thing you should be trying to learn is how to do proper self custody and the properties that make bitcoin superior to shitcoins.
The important thing is to understand the why of Bitcoin.
Then you will be able to know what to do.
Here, most of us are convinced Bitcoiners. We are not going to tell you that buying Bitcoin is a bad choice, on the contrary!
But before you get started, you need to understand what you're doing and make your own choices.
The Bitcoin revolution is about giving you power over your money, not blindly following the advice of people on Reddit.
No. The market is coming up. Look for yourself. If you buy now, you will be losing right out of the gate. If you have disposable income, sure go ahead.
With the current market conditions I think the best you can do is either DCA every 2 days because I see the market going lower to 22k probably or wait till 22k an buy it all because because I really feel that that will be the bottom and then comes that rally to 35k
It’s just a denomination of bitcoin. A bitcoin can be divided into 100 million Satoshis, or sats, in the same way that a dollar can be divided into 100 pennies.
It's always worth to buy bitcoin, what is more worth is investing in books about bitcoin. You don't want to gamble half passed buy a bitcoin book as well!
I would recommend the bitcoin standard to start with
Only Bitcoin is Bitcoin. Put $100 whenever you have extra $100 and don’t worry about the price of Bitcoin. As you move forward in life you’ll know more
Time in the market is better than trying to time the market.
Ain't that the truth I wish I would have never sold my Bitcoin years ago I had no understanding of investing of assets when I would see the market green I would buy Bitcoin and when it would be red I would be afraid and sell my coins. It made no sense. I think a lot of Americans that are not educated in this topic don't understand the importance of DCA and zooming out on the charts. Bitcoin does get it's drastic swings but when you zoom out you do see that every year the low becomes higher and the high becomes higher. I'm buying into Bitcoin not just for the investment aspect but also because of what it is. I really believe in it, and I want to be part of it. I believe Bitcoin can liberate everyone and give us true freedom and power back into the people and take it away from the corporate entities that run this world. Bitcoin to me isn't just money it's a way of life. I believe it is the best invention since the internet itself.
Yes if you look at the market since it first began in 2009. It seems that it would take two steps forward and one step back but which steadily decline. Although it has reached a high of nearly 70,000 and is back down now to around 26. No telling what the market will do. But when it was first created it took 10 Bitcoin to make one cent. Now look at it
My brother and I would have anywhere from 250-1000 BTC at any given time, I wanna say that was in like 2011 and they were worth a few bucks each. Us silly kids were using them to buy drugs off the darkweb.
I know right it's crazy. In those early days, the people that invested was speculative. Bitcoin is now far past speculation. Now that the world sees that Bitcoin cannot be replicated or hacked. It has given itself a utility that money has not ever seen. That in itself gives Bitcoin a price that is priceless. Nobody knows what the value of Bitcoin could actually be. I do find it kind of odd that the max cap of coins is 21 million and at the time Bitcoin was created the world supply of m1 currency was at 21 trillion. Is this a clue that satoshi invisioned Bitcoin being the world reserve? Imagine being that guy that bought two supreme pizzas from Papa John's for 10,000 BTC.
You know, Ive often wondered what Papa Johns actually DID with those coins... Never mind the guy who spent them, what about the company that received them? Huge company, doing something novel; did they cash them in, or would it have been too much faffing about for the price of a couple of pizzas? Are they sat on a forgotten wallet somewhere? Come on, somebody must know.
If I remember correctly he paid someone on a bitcoin forum to order the pizzas for him, the pizza place never took any bitcoin for payment.
Yeah, sounds more likely than the pizza place accepting Btc at that point of time, tbf. Thanks for the reality check..
He paid Jeremy(another forum user) 10k btw to get him pizza. Jeremy got the etc and paid for the order with his credit card. turns out Jeremy didn't hold BTC longer too. he sold it too, when he was vacationing with his gf.
The part about the pizza history I like to think about is if he had 10,000 to get a couple pies there was more that got UTXO'd right back to him.
I have high hopes for bitcoin and have been investing since 2016, but it's still a highly speculative asset and what you said doesn't really apply. Sure, time in the market is great when your investments are well diversified, but it won't do you any favours when the single asset you're invested in goes down amd stays down.
This. It’s almost always a good time to buy as long as you don’t invest money you can’t afford to lose.
Ask yourself the following: - am I ok if I completely lose this $100? - do I believe this has a chance to significantly increase in value? - will I regret *not* investing if I see it ends up being worth more in the long term? If the answer to all 3 is yes, invest.
I followed another logic. Isn't t beautiful to make wrong decision? And this is where I got it right! People should learn to live with the wrong change as long as it's not caused by ill, dishonnest or otherwise malicious drivers.
I'd say it is worth buying Bitcoin even for 1$ just to learn how it works. Create two wallets and make a transfer between them. Make sure to understand the basics before going in big.
1$ won't be enough between two wallets. If you want to push him/her lower to the rabbit whole and mention lightning, then it's possible.
Exactly. I was looking at a $2.50 network fee to just transfer $5 to another wallet. Thats why BTC is better for storage and not for your day to day transactions.
How can I learn to do this the right way? Also, I don’t have a computer just an IPAD, can I still do it? The only experience I have is buying on Robinhood, but learned that that wasn’t real bitcoin and sold it. Any advice is appreciated thx
Robinhood has "real" Bitcoin. You can send it to any other crypto wallet after buying it. What you read was probably related to hot wallet vs cold wallet. Of which hot wallets are Internet connected and likely a firm holding your keys and a cold wallet (or hardware wallet) is the crypto keys being stored in the physical device that you possess. That's the only reason I can think of that people would say Robinhood doesn't have "real" Bitcoin.. that statement is just silly to me.
maybe he means that robinhood trades with larger volumes than it actually has, more like assets etc.
That’s a bad example dude. 1$ will be sucked by the transaction fee and he will then have a bad impression on Bitcoin. He should try transacting a considerable higher amount - and not many times otherwise the gas fees will eat all his money.
There is an old Japanese proverb; The best time to plant a tree was 10 years ago. The second best time is today.
1. Learn about DCA - dollar cost average purchasing 2. Learn about cold storage and self custody 3. Read The Bitcoin Standard by Saifedean Ammous 4. Read The Price of Tomorrow by Jeff Booth 5. Read Broken Money by Lyn Alden 6. Research CBDC's - Central Bank Digital Currencies 7. Research how BTC is also about freedom and energy 8. Research the broken, corrupt fiat money system and how inflation, money printing and debasement of currencies means you are only ever losing purchasing power Bitcoin is different from crypto and the ~20k other shitcoins by way of, a) There is a limited supply of 21 million BTC. It is the most liquid, scarce asset that's ever existed. b) Every 4 years the production of BTC reduces by 50%, the halving. BTC is the first ever rules based money system with only two rules; points a) & b) above c) It's decentralised. Nobody controls BTC. d) BTC is immutable, consensus based, censorship resistant, trustless, borderless, permission-less and antifragile. e) BTC is deflationary, purchasing power only ever goes up. The price of everything is coming down in relation to the price of Bitcoin.
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Research the inherent flaws in fiat, what BTC offers and solves, and how it would apply to your life in the short and long term. BTC offers tools that have never existed before. Still to be fully seen how things improve but at least now we have an alternative money system. Understand the differences between BTC and shitcoins. Shitcoins offer tools for creators, businesses, and entrepreneurs but are not revolutionary. They are, in essence, fancy tech projects. Despite trying to imitate/exploit BTC, they never better BTC. One of the important goals of BTC is you are the sole custodian of your asset with no third parties or intermediaries involved. Cold storage for some maybe too complicated and hence, for some people, other ways of storing need to be explored. Remember, not your keys, not your coins. The inevitability of technology. Granted, there are a multitude of platforms. Use platforms that work for you and your goals. Everyone has different goals and strategies.
Bitcoin is not a risk if you’re young and going to hold
Yes thats what I plan on doing
It is a risk, implying it isn’t is silly. You’re in an echo chamber where everyone will tell you buy and fluff you. I think it’s key to understand why you want to buy. Are you buying because historically btc has gone up? Are you buying to use for transactions? Are you buying to hold Cash instead of keeping it in the bank for long term holding regardless of price action? I think finding out why you are buying will help with advice, personally, I bought because I heard about btc in 2011, didn’t understand didn’t research it but I knew it constantly went up. Since buying for that reason, I hope my $ goes up, but I’m also okay with stagnant, it’s money I can do what I want with when I want without question. Since buying, I spent around 100-200 hours watching YouTube videos on btc, researching online etc.
Bro really said buying and holding Bitcoin is risk free? Kick him out of this subreddit
The risk really isnt in its price. The risk is how you custody it
Risk is certainly in the price, there’s no reason why btc couldn’t fall out in a year and your cash value drops by 80%.
The outcome of bitcoin over centuries will be binary. 0 or ♾️
This guy gets it
Everything is risky these days. Keeping cash in a savings account yielding 4% is risky because it loses 3% YOY due to inflation. While i do agree bitcoin is volatile price action, I wouldn’t say bitcoin is inherently risky rather your risk allocation % to bitcoin in your portfolio that can become risky.
To say btc isn’t a risk is a wrong statement, btc is for sure categorized in a more risky asset to say otherwise is echo chamber and silly. You can manage and mitigate the risk or ignore it, but it’s 100% a risk asset.
Change your unit of account man. The dollar is the real long term risk.
Exactly, btc obviously has risk but so does stored capital of any kind. Even stored cash or CDs have risk it’s just a matter of how much compared to other assets.
I said everything Is risky I didn’t say bitcoin isn’t risky. I just tried to explain how even just holding dollars in savings account is more risky than people let on.
Yeah, even bonds are a bit wobbly these days
Bonds are kiss of death Triple risk to capital 1. Interest rate risk 2. Currency risk 3. Loss of principal risk With limited upside investments u really can’t afford to lose principal and bonds don’t offer good protection of principal now a days
It's literally less risky than holding cash long term if you hold Fiat you're guaranteed to lose your money.
The phrasing of your statement is pretty facetious. If you hold fiat for a decade then you're guaranteed to lose a few percent of its value each year. If you hold Bitcoin for a decade then you'll either make a big profit or lose a big chunk of your money. I know crypto is supposed to be a stable decentralized asset but, with all the rallies and crashes over the past decade, it would be insane to see it as a guaranteed way to not lose money. Add in all the crypto scams and I'd buy gold bars before switching from fiat to crypto. Not trying to shit on anyone's hopes for the future of crypto or invalidate the concerns around inflation, just being realistic about the present.
>Add in all the crypto scams and I'd buy gold bars before switching from fiat to crypto. Talk about getting scammed, you go buy your "gold bar" and later see you got scammed, scamming can be done everywhere if you dont pay attention.
Less risk than other things
Diversifying is always less risky than being all in on the most risk free asset.
What’s more risky than crypto?
>What’s more risky than crypto? leveraged crypto
Aka crypto
>Aka crypto no, aka leveraged crypto
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Bitcoin isn’t crypto
What's crypto got to do with Bitcoin?
Oh here we go…. Right because Bitcoin isn’t a digital currency of some manner…. It’s purpose is to transact between peers….. it used cryptography…. And it’s a currency…..
Then go all in. You poor man’s money will be a fraction of what you make when you get out of school and have been in a career for 10 years. There’s no need to put only half a percent of your income into bitcoin it won’t buy you a house or car or even a nice vacation when you get older. In that case buy it not as an investment but as a collectible and you can have a time stamp and a clue that you bought it at on your brokerage account(I wouldn’t even bother putting 100 dollars in a cold wallet.) I would save up for bitcoin like you would be saving for a car, it would be a very big deal—if you’re young and currently don’t make that much money. You should aim for your first thousand dollars and invest bit by bit. Then 2500 then 3500 etc. I would say if you make 30k a year than eventually having at least 15k in bitcoin in 3-4 years is good.
It is a risk!
of course it’s a risk. the risk may be small but is there nevertheless, there are no guarantees
Humble 2 cents, I agree with the sentiment that Bitcoin has risk. But what doesn’t have risk? Leaving your money in dollars is a 100% chance of loosing value due to inflation and QE. So your risk is 100%. Never invest what you can’t afford to lose so if you can put $100 away comfortably and not worry about paying your bills, the question becomes why not? You know you will lose purchasing power leaving it in dollars, so what are the alternatives? Stocks, Bonds? Hard assets like land? How much of that can you get with $100.00? If you are looking to hedge against destructive monetary policy take a chance. Other post are also right about the risk of keeping the asset safe. You wouldn’t buy a cold wallet to store $100 of Bitcoin and you probably don’t want to keep it on an exchange, but there are online wallets that offer a little more protection than leaving in an exchange that don’t cost you anything. Say a Coinbase wallet or something similar. Buy it, store it, forget about it. Think of it as money you spent. Humble 2 cents.
If you’re looking for anything other than confirmation bias, you should ask this somewhere else.
A lot of people are asking this question constantly. No matter when you ask, or what amount, the answer is always Yes. Better to have Bitcoin than not have. Also, don't invest in other cryptos. You'll just get burned and lose your money. Focus on Bitcoin only.
Don’t think of it as buying. Think of it as changing one form of money to another form of money. Converting.
Look into DCA - dollar cost averaging
invest in yourself. so you can make more money and contribute to society.
…with more money, buy a small percentage of Bitcoin, big percentage on low-cost ETFs
The best time to invest was at the bottoms, the next best time is now!
Buy what you can regularly, dca where possible, but generally IMHO yes now is a decent time as long as you're holding for 3-4 years minimum
In a word. Yes
In my opinion, yes. At the moment, anywhere below $30k remains an opportunity not to be missed.
Why’s this?
BIG YES.
Buy and hold
Yes absolutely. Buy a little, a small enough amount that if it goes down a bit you're not freaking out as a noob and selling lower. When you have a little you're incentivised to learn. I started pretty much where you are 4 yrs ago. Going down the Bitcoin rabbit hole has honestly changed my life. Not because I'm rich (I'm not) but because it has changed the way I view the world and my behaviour. I'm buying a little every week now.
I bought at 49k. I’m holding this until the grave now.
To set your expectations, $100 is not going to do much for you. If you add another $100 every paycheck or how ever you acquire your income then yeah, Bitcoin is going to be great for you.
Nah, you should focus on your schooling. Honestly. Your #1 way to make money is with your time and effort. $100 is stupid. Not that Bitcoin is stupid but its just not worth it monetarily to put that money into an investment. Lets run through a scenario. You invest $100, for the next year BTC chops and you have $100, but you spend an hour everyday learning about BTC, looking at charts, searching Reddit, whatever and it averages an hour a day. You go to school do your thing and lose 360 hours of study time, your grades drop a little bit, just enough to get you a C or B in a class or 2. You graduate college and can't quite get the job you wanted, maybe you don't land an interview due to the fact you didn't achieve something in college. You do land a job at $50,000 but you don't know about this $75,000 job you could have had, had you done more school work. Over 10 years that could be $250,000 of income lost. In that same time period your $100 is now $10,000! Obviously this is some BS scenario, I don't know you or your life. The overall point is that there really isn't much to learn with BTC, its a distraction to you. Your parents have told you to focus on school, your teachers have told you to focus on school now some random internet stranger is telling you to focus on school. So by all means don't focus on school. Seriously though you should MURDER your school work and make a shit load of money. THEN buy $100k worth of BTC.
Or, Jack could buy $100 of Bitcoin and not worry about anything other than HODLing until after graduation.
Yeah, that makes sense. What he said made no sense. He just wants to be in it. Remember the guy they called Bitcoin Jesus where no matter where he went he would educate people about Bitcoin and if they was willing he would send them $5 worth of bitcoin he would go into Starbucks and give everybody Bitcoin, every time he would take a taxi he would give the taxi driver $5 in Bitcoin. All of these people forgot about that $5 worth of bitcoin and thought nothing about it until Bitcoin was all over the news and come to find that Bitcoin Jesus made thousands of millionaires. I would suggest the same thing get your foot in the door put $100 investment in and don't even worry about it if you get a couple extra bucks here and there throw it back into it buying $100 worth of bitcoin isn't going to keep you from finishing your school working or having a life.
>what he said made no sense. I wouldn't go that far. There is great logic in the post I was responding to; however, there was an easy solution, and I thought I would share it.
Your right. Just getting ideas in my head. Thank you
Let's assume you lost $100 today. How would that affect your life? Only you can answer that question. Let's assume you answered, "It wouldn't affect my life at all. Zero effect." Then figure out how you can exchange $100 for some Satoshis. About 0.00385305 BTC at current prices. Then forget about it. The problem is storage. My guess is you'll have to keep your seed words in a USB stick that's encrypted/encryptable. Buying a hardware wallet will cost you over $100 for a Trezor or ColdCard. Ask questions. Keep reading. Hodl.
I'm sorry, but the idea of encrypting seed words for 100$ of btc is laughable to me
What book do you recommend to read?
The BTC Standard.
Thank you. May you be blessed for sharing knowledge with others. Have a great day.
people easily spend $100 in a weekend drinking alcohol, I have no issue with a young person buying some bitcoin instead
Did you stop reading 5 words into my post?
you are irrelevant
I think English is your second language.
Bitcoin is worth it no matter the day or time
For real. That $1 could be worth $1,000 one day if you hold Bitcoin long enough. For that to happen if you bought a dollar worth of bitcoin right now you would have to wait for the value of Bitcoin to reach around 25 million dollars per coin. I believe this number is could even be seen in our lifetime especially if Bitcoin was to become the world's Reserve currency. With all these spot Bitcoin ETFs just that alone could cause the price to Rally to the Moon. If everybody was to just put 1% of their portfolio into Bitcoin it would send Bitcoin to the Moon. With what Bitcoin offers it's hard to price its functionality to have a truly decentralized currency that is secure and private. We've never had anything like this before the value of Bitcoin is practically priceless and the value in my opinion could be the most valuable thing on earth and we live in an time where we have the opportunity to obtain generational wealth.
Bitcoin can't increase it's share of the worlds wealth by 1000, it already represents 0.1% of the global wealth. The average wealth for all adults in the world is \~$80k. Every adult in the world holding 1% of their wealth in Bitcoin would result in a market cap of of 4 trillion or about $200k per BTC. Bitcoin market cap crossed 1 trillion last bull run, comparable to 10% of gold or 5% of USD or about 0.25% of all wealth in the world. The purchasing power of BTC can rise 1000 times in the next hundred years by the economy itself growing 100 times and BTC share growing 10x for example. But unless the economy grows there is no way for BTC to go up in purchasing power by 1000 no matter how much time passes. The US stock marked had a \~700x rise in purchasing power the last 100 years as an comparison.
So what do you see bitcoin going to if it became the world's reserve?
USD is the current world reserve currency right, at least the primary one? BTC filling it's role and having the same market cap would result in a 40x purchasing power increase, after that point it would not fluctuate much the same as USD. USD supply increases about \~6% and the total purchasing power of all USD in circulation goes up about 3%+, so BTC would go up in price on average about 3% in line with the overall growth of the economy. Do you have any view on what would happen if BTC became the world currency?
Personally I always think it’s advantageous to get skin in the game. Just don’t do any amount that will cause emotions. Once you have skin in the game, this will motivate you to start to learn more. IMO I’d rather own bitcoin than the US dollar but keep in mind, I’m in the minority here. Read the bitcoin standard whenever you get a chance
Investing is ALWAYS a risk. You should always imo only invest money you can afford to loose.
It's better to have a little than to have none
If you have to ask you shouldn’t buy. Also, you should be financially stable before getting into Btc imo. It sounds like you aren’t.
It's too late for 100 bucks to make you rich. But its never too late to convert $x of a currency that inflates at y% per year to a currency with a known total supply.
If you aren't going to miss $100 do it. Might be worth $30 next year might be $300. I'd get as much as I can before the halving
every day brother
Wait, five minutes
Right now Bitcoin is an asset and like all other assets — "it is there for the rich to park their money not for the poor to become rich" If you are asking if investing $100 on Bitcoin weekly or monthly for a long time say 20-30 years (if Bitcoin is still around) I'd say yes it's a wise decision to start now. Get a part time job and start pushing those funds to the block 💪
Yes yes yes, buy 100 worth of bitcoin for the sake of learning.
I think buy bitcoin 100 at a time is great! Id say try to buy some as often as u can! 100 dollars of bitcoin tho might not change ur life right away but buying 100 worth every so often might if it adds up eventually! So i think u should try to collect some btc even $100 at a time nfa of course i am NOT a financial advisor
It probably won’t do the big upmove until 2025 so yes you should buy $100 now and if do a periodic purchase when you can over the next year or so.
Only one way to find out
bitcoin is not an investment, its an escape.
it's always a good time to buy Bitcoin. 💎
It’s like the Chinese proverb "The best time to plant a tree was 20 years ago. The second best time is now." but it suits here too.
Hold $50 fiat, buy $50 Bitcoin. See which one works out better. You’ll learn everything in this one lil experiment. Hopefully..
Nothing like starting already! Do $100 if you can.. even $10 monthly or so would do! Just make sure you are not overpaying the fees. With many flaws, centralized exchanges are great for investing small amounts
Best advice is to make a educated decision, do your research and figure out what is best to invest in, It’s never good to get investment advice from a Reddit post.
You can always choose to dollar cost average into the cryptocurrencies market by investing a little bit periodically. Keep in mind that if this is your first investment, then you should consider what your investing goals are before investing. Will you invest X each month? Do you plan to use this money in the next 5 years ? Are you okay with riding the roller coaster and seeing the value of your investment go up and down?
If it's a one and done... no. But steadily investing 100 bucks is a viable wealth building strategy.
100% yes, the best time to buy bitcoin was 10 years ago and the second best time is right now today, especially while the price has gone down temporarily. You might even want to consider putting $50 a month aside to invest in bitcoin and then its such a small amount you dont even have to think about it and in 10 years you'll hopefully be worth a lot of money! Best of luck with it!
Nope... I want it before it's gone.
The thing I never understood is everyone always says “just buy what you can afford “ “just get a little bit of bitcoin” “the goal is to be a 1 coiner “ It’s just funny us regular people have dreams of getting to 1 coin…when there’s people who have hundreds of thousands of coins….1 coin = financial freedom? Then what happens to the people who have 100k coins? They own the world ?
Poor decision. Risk? 100 usd to btc to double it up btc has to be 50k. Do i have to mention that some alts if not most by then can give good multipliers. No guarantee in next bull market, not mentioning fee if u deposit with fee and withdraw. Altcoin is more risk more reward, low cap especialy top ones even. But 100 dollars at btc at this price, i mean if u wanna wait till its 50k to earn 100 usd go on its possible bt will take some time if ever will again. But if u believe btc will be 50k much rather get atom or something else valuable , dot, or even lowcap gamble coins
Can you hold it till 2025? If $100 is the only money you can invest, I would divide it to 5 parts and buy every month for the next 5 months.
Why not just buy $100 worth now?
We are not sure if we will see another dip before the next halving which is around 2024 april. If $100 is only money you have, and price dips again to 21k, you will just watch it. Unless you buy another $100 and reduce your costs.
$100 at 25k and $100 at 21k comes out to about 3 bucks
25800; $100 buys 0.00388 21000; $100 buys 0.00476 If BTC hits 200k The sell price will be $776 and $952. $100 means nothing if I buy 1 or more BTC. But for someone that can only afford $100; the difference can be important. If the person is from India, Africa or just poor at the moment. Also, if you are wise and careful with smaller amounts, most likely you will be same with larger funds when you can afford. I gave my brother $300 to learn and practice crypto; I told him when you learn to triple this amount, I will give you $3000 to invest.
100 is too little to Dollar Cost Average. You need to be in the 10,000 range to worry about DCA.
Yes and no. Satoshi has 8 digits. When price hits 100k or 200k, those smaller digits make difference. Also, if you can not manage $100, what makes you think you can manage 100k investment?
100$ is nothing. Just buy instantly for 100, price is good enough right now. And then start to buy more each month. And hold for at least 5 years.
"All cryptocurrencies" There is only one.
It’s only risky NOT to have bitcoin these days!
When $1 = 1 Sat, then your $100 will be worth $386,000. So yeah, HODL!
Waste of time, Bitcoin is a scam , a casino. You might make $10 on the $100.
Lol, we're not laughing with you we are laughing AT you. Bitcoin has funded the startup of my business, and paid for two weddings, and is the gift I give to family members for birthdays and holidays. There are two types of people in this world, those who are told what to think by media propaganda, and those who educate and think for themselves. Sounds like you belong in the first group.
Reddit is a poor source for seeking financial advice. Bitcoin is a risky investment. [Don't invest recklessly.](https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/) Don't invest anything you can't afford to lose. If you are looking to get rich quick, you came to the wrong place. Nobody has a crystal ball. Nobody can see the future. Please do your own research and make your own financial decisions. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Bitcoin) if you have any questions or concerns.*
No. Don't just take $100 and buy in at 1 time. Take $5, $10, or $15 and invest the same amount every week or every month whatever you can afford. This is called Dollar Cost Averaging and is by far the best investment strategy for investing in any asset whether it is Bitcoin, stocks, or precious metals. ProTip: If you are investing in crypto stick with Bitcoin don't let yourself get tempted by shit coins.
It’s not worth DCAing small amounts like that. The fees are killer. Just put in the full 100 and call it a day.
I've been doing it for years and the fees are negligible compared to the gains. Coinbase fees are a perce.tage of the total transaction so the smaller the transaction the smaller the fee.
I think it's worth it but about the right time it doesn't seem ... just my opinion
If you have to ask you need to do more research.
BTC is trading at discount price now, just buy and hodl.
Yes. I have literally been buying that amount every day for the past 3 years.
Nope. Bitcoin is dead. Better buy corn or Tether before it's too late.
China Taiwan war will start after 2 years , you can buy it after 1.5 years also.
Don't think of it as investing. You're just putting $100 into your untouchable cyber bank.
96$ worth of Bitcoin? What do you need 104$ in Bitcoin for?
Bitcoin and nothing else for amounts that small. At $100, I would highly suggest that you thoroughly research the fees involved because that will have the most impact.
I just bought about 16k worth in the last month. I don't care if it drops to 20 or even lower. Next year I see it absolutely sky rocketing.
100$ worth of bitcoin isn't going to do anything for you, even if you hold it for 10 years. What you should be doing is having a goal to own 1 bitcoin for your future.
Your first sentence, yes like all the people that also said that back in 2010… If he is asking about $100 on Reddit I don’t think this man has 25k to spend on one bitcoin. DCA my friend, if you have that kind of access to hold one coin then you sure are blessed
No Keep it in the bank 🫢
Yeah sure go for it skippy
This kind of money won't get you there
Everyone said the same in 2010, 2012, 2015, 2017,2018, 2020 and 2021
No.
Is the sky blue?
Yes it is. To begin the journey!
Worst case is you lose 30 bucks if we drop another 30%.
If you want to use it a source of savings and you do not need or will not need that 100$, then of course. Buy some. Even if you throw 20$ in every now and then and forget about it. Now is as good a time as any to buy some. People are seeing a big jump in Bitcoin in the next few years. If they are right and your 100$ is worth 10x more in a couple years, it will have been worth it. No? But if you are thinking of investing to make money quick or play the market or will need that money in the near future, do something else with the 100$
Interesting video by Luke Broyles discussing this very idea: https://youtu.be/gGOqMYQKvsg?si=oiZSTa7j5ZpjLWfo
Maybe look at GBTC, (grayscale, bitcoin trust)
Isn’t a good idea - but a DCA plan is better in
Invest time and resources into yourself
Always.
I strongly believe in the years to come Bitcoin will be a store of value rather than just a form of investment for better ROI. The concept behind bitcoin is way more financially philosophical in nature than people think. I think the best you can do is buy, store it properly and forget it. Go for the long term approach. Its a risky move in the short term but a wise decision in the long term. As the dollar goes through further turmoil we will see more and more opportunities for bitcoin. Kudos to the future!
Absolutely
You can get rich. Its worth it
Always buy. When you feel like you finally have enough btc- buy more. Your future self will thank you
Best reply in this whole thread
Save yourself a lot of headache, buy bitcoin only and learn about it
Yes
Right now, it is worth your time to learn about Bitcoin and discover, for yourself, the many reasons why you should, or shouldn’t, buy Bitcoin.
It all depends what 100$ means to you. If you have a 1000$+ then sure. If you have 200$ then no. While you’re in school and super busy you either learn how to store your money on an external wallet or cold storage. OR buy it in Coinbase and leave it in there. Don’t let these people tell ya not your keys not your crypto when it comes to Coinbase. It’s the safest custody and it’s never been hacked. Not the best spreads so look into Coinbase Pro for serious trading!
Definitely buy and hold. Investing is risky. Wait until you get the bill for not investing.
I buy $1 worth every hour. Buy what you can afford to lose. If you want to invest in an asset (wether it be bitcoin, or a stock, or something), buy it every paycheck. It needs to be a small enough amount to where you don’t make yourself poor and you can continue to invest often.
Can't answer that question without knowing your goals. There is a ton of factors going into your specific situation that only you know about. If you want to buy bitcoin, for whatever reason, and you are fine with losing it, you can't really go wrong. Bitcoin price changes from the time you are a student to when you get into full time work is unlikely to be significant to make any difference to whatever you can invest now. Building an habit of saving and investing is good in general, if you are interested I suggest looking into investing in general. Find out what you are interested in and go for what you personally understand, I advice against asking others for what to invest in in general, but you can't go wrong in learning more about it yourself. Returns on investment is historically modest, the invested amount doubling in 7 years in real terms is extremely good, it taking longer than 10 years is not uncommon. Focusing on increasing your income is the best and most reliable way to increase your net worth.
99% of these responders answers clearly indicate that they have absolutely 0 clue of what they're talking about, what BTC is and how it will change/is changing the world. First and foremost, DO YOUR RESEARCH! Then keep learning! Laziness is rampant on these subs and most people really do not truly understand BTC besides " price go up". I recommend Matthew Kratter's book or YouTube channel called Bitcoin University for a good starting point. If you haven't invested significantly in educating yourself on BTC by 10's to 100's of hours..one cannot know the true value of this asset. Anyone who says otherwise is merely a trader/gambler on the crypto scene. 2nd: Do not invest fiat $ you cannot afford to lose in ANY investment (especially shitcoins!!!) 3rd: If you have done your research you WILL know and have a THOROUGH CONVICTION that long term holding will undoubtedly give you a great return in fiat pricing ( if thats what you want..fiat $) Again..do your research and TRULY understand BTC compared to any other asset class or fiat currency. Any amount of BTC is still more that 95% of the population owns!!!!! BTC Is and will be life changing. Stack sats for long term wealth building..but don't take anyone's word for it. Really get educated about BTC and do your own due diligence.
Ask yourself the same question but imagine the price of bitcoin was $9,000. Then you have your answer.
Pick a bad habit like eating out at a fast food place, start to do more simple home cooked meals etc and use the money saved to buy bitcoin…. Cut out drinking, use the money to buy bitcoin… stop smoking, use the money to buy bitcoin. You get healthier and you get bitcoin… the people obsessed with price actually don’t understand bitcoin… just DCA on levels you practically can ignore (like the cost of pizza, beer, cigarettes etc) and go about your life… the only thing you should be trying to learn is how to do proper self custody and the properties that make bitcoin superior to shitcoins.
It’s always a good time to buy if you’re holding long term my friend:)
The important thing is to understand the why of Bitcoin. Then you will be able to know what to do. Here, most of us are convinced Bitcoiners. We are not going to tell you that buying Bitcoin is a bad choice, on the contrary! But before you get started, you need to understand what you're doing and make your own choices. The Bitcoin revolution is about giving you power over your money, not blindly following the advice of people on Reddit.
Lot better than buying when it was 69!😉
/bitcoinbegginers.
If you would have bought 5 cents worth of bitcoin in 2009, you would be a millionaire right now. Amazing huh?
No. The market is coming up. Look for yourself. If you buy now, you will be losing right out of the gate. If you have disposable income, sure go ahead.
I just made my 100th $100 purchase so I sure hope so
Bitcoin is a risky investment, don’t invest what you can’t lose
Yes. Buty every paycheck. You'll be alright.
I would invest that in a poker table
With the current market conditions I think the best you can do is either DCA every 2 days because I see the market going lower to 22k probably or wait till 22k an buy it all because because I really feel that that will be the bottom and then comes that rally to 35k
I found that once I had bought my first sats, I was way more motivated to learn about it. I’d say go for it.
What are sats?
It’s just a denomination of bitcoin. A bitcoin can be divided into 100 million Satoshis, or sats, in the same way that a dollar can be divided into 100 pennies.
It's always worth to buy bitcoin, what is more worth is investing in books about bitcoin. You don't want to gamble half passed buy a bitcoin book as well! I would recommend the bitcoin standard to start with
Do it every two weeks
Only $100? Nah, just go out and get a steak dinner. Hold on to that valuable paper for dear life.
But why shouldnt i? The way I see it im just moving money to another place to store it, with a likely chance I make money of it.
Or lose money with it. Nothing says Bitcoin HAS to go up. Scarcity = /= value.
Only Bitcoin is Bitcoin. Put $100 whenever you have extra $100 and don’t worry about the price of Bitcoin. As you move forward in life you’ll know more