This is essential for being able to anticipate its price movements. While $100 may not seem like a lot, there are still a few things you should consider before investing in Bitcoin.įirst of all, make sure you understand what Bitcoin is and what determines its value. Some Questions You Should Ask Yourself Before Investing in BTC
Can Investing $100 in Bitcoin Make You Wealthy?.Is It Smart to Invest in BTC Right Now?.Some Questions You Should Ask Yourself Before Investing in BTC.The size of your profit (or loss) will depend not only on the unpredictable crypto market and BTC price but also on your capabilities as an investor. So, what might happen if you invest $100 in Bitcoin today? Well, you might luck out and make a 100% profit in just a few days, or you may sell your coins at the wrong time and lose your $100. Additionally, it leaves a lot of people wondering - what could’ve happened if I had invested in Bitcoin yesterday, last month, or three years ago?
However, Bitcoin is not as risky as your average run-of-the-mill coins and tokens - it is a lot more stable and has companies and institutional investors backing it up. Every time a coin or a token moons, the community gets divided into two groups: those who managed to profit from the price spike and those who wish they did.įOMO drives many people to make rash decisions, such as investing in a shitcoin that can crash right after they purchase it. The presence of FOMO is pretty much the only predictable characteristic of the incredibly volatile crypto market.
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