If You Invest $100 in Bitcoin Today. Guess How Much It Will Be Worth In The Future?

The fear of missing out (FOMO) is pretty much the only trait that can be predicted about the very volatile cryptocurrency market. When the price of a cryptocurrency or token suddenly skyrockets, the community quickly splits into two camps: those who were able to make a profit from the surge, and those who are left wishing they had. Fear of missing out (FOMO) is a psychological phenomenon that causes many individuals to make hasty choices, such as investing in a shitcoin that might immediately plummet after they acquire it. Bitcoin, on the other hand, is not as precarious as your typical, run-of-the-mill coins and tokens since it is a great deal more stable and has the support of businesses and institutional investors. Furthermore, it leaves a lot of people wondering what may have occurred if they had added Bitcoin to their financial portfolio yesterday, last month, or three years ago. What might have happened? So, what are some of the potential outcomes of putting $100 into Bitcoin right now? You may get lucky and earn a profit of one hundred percent in a matter of days, or you could sell your coins at the wrong moment and end up losing your initial investment of one hundred dollars. Not only will the extent of your profit (or loss) rely on the unpredictability of the cryptocurrency market and the price of Bitcoin, but it will also depend on your talents as an investor.

Should Ask Yourself Before Investing in BTC

Before putting even $100 into Bitcoin, there are a few things you need to think about first, despite the fact that this sum may not seem like much. First and foremost, ensure that you have a solid grasp of the concept of Bitcoin as well as the factors that influence its value. This is very necessary in order to accurately forecast its future price changes. You run the risk of losing a significant amount of money if you invest in BTC just because it is the latest and greatest trend to participate in. Answering the following questions will help you determine if you are merely trying to appease your fear of missing out (FOMO) or whether you are really interested in purchasing bitcoin:

• Why didn't I purchase it earlier when Bitcoin was more affordable? I really regret it.

• Why am I purchasing it with the intention of hoarding it or making a fast buck?

• If the latter is the case, what gives me the impression that I will be able to sell it at a better price in the future?

• Am I willing to take the risk? Do I have the financial means to withstand the possibility of losing all of the money that I put in Bitcoin?

• Am I completely ready to put money into Bitcoin? Have I located a trustworthy cryptocurrency exchange and wallet for my Bitcoin?

Your responses to these questions should allow you to have a better understanding of whether or not you should invest in Bitcoin. In addition, if you have a history of being easily duped by gambling schemes, you should steer clear of investing in cryptocurrencies in general, much alone Bitcoin. The cryptocurrency market is very speculative, and due to the nature of its high-risk, high-reward nature, it is easy for those who are prone to gambling addiction to be sucked into it. This may result in them losing all of their Bitcoin investments in a matter of just a few hours. Please keep in mind the need to exercise caution.

What Is Bitcoin?

Let's be honest: Bitcoin, the most prominent cryptocurrency and a phenomenon in the field of technology, most likely does not need an introduction at this time. The term "Bitcoin" is one that the vast majority of individuals have, at the very least, encountered once. A person (or group of people) going by the moniker "Satoshi Nakamoto" is credited with the creation of this decentralized kind of digital money back in January of 2009. Bitcoin users are promised a broad variety of advantages, including privacy, minimal transaction costs, true cross-border payments that are independent of politics, and many more. When compared to making a deposit to your bank account, adding money to your bitcoin wallet is a much simpler process. Bitcoin brought about a revolution in the world of finance and was a driving force behind the birth and growth of the cryptocurrency industry as well as the cryptocurrency market. There is a possibility that Bitcoin may become a mainstream currency as more businesses begin to formally accept Bitcoin payments and as normal consumers learn more about the cryptocurrency. The greater the number of people who believe in Bitcoin, the better the odds are that its price will eventually become stable.

What Makes Bitcoin Valuable?

Bitcoin, in contrast to conventional currencies, does not have its value determined by governments, and its application in retail is limited (at least, not yet). Nevertheless, it already has a number of applications, and the technology that underpins it, known as blockchain, is now disrupting a broad variety of different markets. Bitcoin, like any other currency, has the potential to be used as both a means of trade and a store of wealth; however, these applications are not presently Bitcoin's principal use cases. The value of a bitcoin is mostly determined by how much people are willing to pay for it and is propelled by the fact that there is a limited number of bitcoins and an ever-increasing demand for them. As a consequence of this, its price may be rather difficult to forecast, and Bitcoin's value ultimately depends a great deal on the overall sentiment of the market. As we have seen in the past, a significant number of Bitcoin holders are prone to panic and have "weak hands." This term refers to the tendency of Bitcoin holders to liquidate their holdings when the price of Bitcoin begins to fall, which drives the value of the commodity down.

Is It Smart to Invest in BTC Right Now?

It doesn't matter if you're investing in the stock market, cryptocurrencies, or even fiat currency; if you're planning to do it for the long term, you will typically be advised to keep buying it bit by bit regardless of how the market is performing. This is true even if you're investing in something as simple as fiat currency. However, despite the fact that this is the best plan available, not everyone is willing to maintain purchasing Bitcoin for the next five years. A significant number of individuals either favor making substantial acquisitions all at once or have concerns that they may join the market at an inappropriate moment. Even while the cryptocurrency market may shift rather quickly, it does go through stages, and some times are inherently better for investing in Bitcoin and other digital currencies than others. The golden rule states that one should consistently purchase cheap and sell high. Herein lies one of the issues, namely, determining how low is sufficiently enough. After all, a look at the chart below reveals that the price of Bitcoin has been falling continuously since November 2021. It is only natural that a lot of people who invest in cryptocurrencies are feeling nervous about purchasing Bitcoin or, to tell you the truth, any other cryptocurrency assets. In such a market, many people decide to invest their money in Bitcoin in different ways, like as shorting or trading on margin, which allow for greater gains (or losses) to be made even from very small shifts in price. In this way, they may capitalize on the volatility of the market. However, not everyone will be interested in trading Bitcoin, particularly employing tactics with such a high degree of associated risk. Mining Bitcoin is another method that isn't really viable since, unless you join a mining pool, it doesn't make any financial sense to do so. If you feel that the price of Bitcoin on the market will go up tomorrow, the next week, or the following month, then you should make an investment in Bitcoin now... It is essential to keep in mind that any attempt to analyze and anticipate market behavior will inherently include an element of risk. Checking out the signals that are provided by different platforms, such as TradingView, is one technique to identify profitable purchasing opportunities. If the button is now showing "buy," then the price of Bitcoin still has space to increase, and it may be time to visit one of the numerous cryptocurrency exchanges that are currently accessible and purchase some Bitcoin. If TradingView's technical analysis is now indicating that now is a good time to sell Bitcoin, the price of Bitcoin is likely to go down. Having stated that, before to engaging in any Bitcoin transactions, we strongly suggest that you DYOR.

Is $100 Enough to Invest in Bitcoin?

The achievement of your objective will determine whether or not one hundred dollars is sufficient. If you have your sights set on amassing big profits, then it's possible that $100 won't be enough. However, if your objective is only to make a profit or to hop on board the Bitcoin bandwagon, then it is more than enough to meet your needs.

Can Investing $100 in Bitcoin Make You Wealthy?

The answer to that question is going to be contingent on the rate at which Bitcoin's price increases in the future as well as the time at which you plan to sell it. For instance, if you had purchased $100 worth of Bitcoin when the price of a single Bitcoin was $40,000 and then sold it when it reached $60,000, you would have earned a profit of $50. The price of a single Bitcoin has now risen to $60,000. However, if you had purchased Bitcoin while it was trading at $1,000 a coin, you would have been able to make a profit of $5,900. People who invest tiny sums, such as $100, often do not cash out their profits but rather reinvest them in the asset of their choosing when they get a return on their investment. Bitcoin is no longer at the point where a person can gain millions of dollars by investing as little as $10 in it; if that is what you are wanting, you will have better luck betting on the success of random shitcoins. Bitcoin has not yet reached that level. If you had put $100 into Bitcoin a week ago, when it was trading at $42,000, the price would have needed to reach almost $417 million for you to earn a profit of one million dollars by selling it. Nevertheless, there is a different approach to amass money by investing as little as $100 in Bitcoin, and that is to do so on a consistent basis, much in the same manner that you would add to your savings account.

Can You Lose Money on Bitcoin?

If you trade or invest in bitcoin, you put yourself at risk of losing money in a number of different ways. To begin, you run the risk of selling it at an inconvenient time, which would result in a loss of the original investment. Second, there is always the risk that someone will steal your private keys or that you will lose access to your cryptocurrency wallet. Thirdly, you incur the risk of falling into a scam. And the items on the list continue.

When making a purchase, it is imperative that you review and recheck any and all information that you submit since it is difficult to reverse crypto and Bitcoin transactions.

In the essay that we have written on refunds, we provide some basic advice on how you may avoid losing money when trading cryptocurrency.

How Can a Beginner Invest in Bitcoin?

Bitcoin may be acquired with the same ease that one would acquire any other good or service over the internet. There are a plethora of excellent cryptocurrency exchanges available today, each of which makes buying and selling Bitcoin and other digital currencies simple, user-friendly, and fast. Be careful to pick a cryptocurrency exchange that both protects the privacy of your personal information (or doesn't ask for it at all) and offers competitive exchange rates when you make your selection.

Should You Buy Bitcoin Today?

It is ultimately up to you to decide whether or not it is beneficial for you to acquire Bitcoin now at this time. If this is a one-time investment and you simply want to test out crypto, we would suggest going with a lesser amount since you won't be able to make much of a return off of $100 even if you do invest it. If, on the other hand, the $100 fits in well with your general and Bitcoin investing plan, or if you wish to hoard that BTC for years to come, then it could be worth it for you to make the investment. Trading is a great option for you to consider if you are interested in making massive earnings very immediately. You have the option of trading Bitcoin or going with one of the lesser cryptocurrencies, which often see more significant price swings. Mining Bitcoin isn't likely to be lucrative unless you already have all of the required equipment, therefore we wouldn't recommend doing it unless you already have everything.

So, What Is Going to Happen If I Invest $100 in Bitcoin Today?

Even though it is famously difficult to forecast the prices of crypto assets, the majority of mainstream investors and Bitcoin advocates now think that the cryptocurrency will always ultimately recover and conquer new highs. If the price of Bitcoin significantly increases this year, then you will be able to get a tenfold return on your investment. If you invest just $100 in Bitcoin and not a single dollar more (or at the at least, not a lot more significant amount), then you won't have to worry too much about the possibility of losing your money in the Bitcoin market. One hundred dollars is not a very substantial sum of money. Obviously, if one hundred dollars is a significant amount of money for you and you do not have the financial means to risk losing it, you should not engage in such a risky kind of investing.

Final Thoughts

It is always a good idea, if you are considering making an investment in any asset, to think about how that investment will fit into your current portfolio. And if you don't have one yet, you should think about the other assets, such as fiat currencies, precious metals, virtual currencies, and so on, that you will need to purchase up in order to reduce the risk and reach the profit targets that you have set for yourself. Adding gold or other precious metals to an investment in a high-risk, high-reward asset is a simple strategy for creating a portfolio that is secure against loss. Whether or not you should join the ranks of Bitcoin investors right now relies, in the end, on what your thoughts are towards this currency and crypto in general, as well as the potential that it has in the future. Please be aware that the information included in this article is not intended to serve in any way as financial advice. I hope you have success on your crypto adventure.

That's all for today, see ya tomorrow! If you want more, be sure to follow our Twitter (@croxroadnews)

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.