Guys I by no means purchased crypto in my life. I need to purchase some BTC and maintain them for a while. Is now time to purchase BTC? And the way a lot cash ought to I make investments? Is 100 too little to realize some cash in the long term?
Thanks prematurely to your recommendation
9 thoughts on “Recommendation”
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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Nobody knows when is a good time. If people knew, they wouldn’t lose money.
If you invested $100, you would need the price to double to make $100 in profit. Do you think the price will double?
Don’t invest more than you can afford to lose, as you could lose it all.
Regardless of the the amount you invest, it’ll valuate the same % as BTC. If BTC goes up 10%, your $ goes up 10%.
So if you anticipate BTC will go up 10%, and you’re looking for a return of $10, then $100 is what you’ll need to invest.
Bitcoin is not a get rich quick scheme.
Read through r/bitcoinbeginners and dont ask others if you should exchange trash fiat money for bitcoin.
I bought some today
Maybe more exchanges will collapse in the near future, it’s hard to say what’s going to happen next
My view, it’s a coin flip played out over the next 3 years. Buy now and find out in 3 years what you won.
Heads you get 10x return on your investment.
Tails you lose half your money.
(Yes there are more options and such, but to me that’s how I see it)
Don’t gamble more than you can lose, see it as a trip to Vegas with some really really good odds. I’m buying, but not betting the house.
You won’t become a millionaire off €100
1. Inform yourself about BTC
2. After informing yourself, do you believe in BTC? (The value it has because of it’s scarcity?)
You should only invest if you believe in BTC. If you don’t believe in it, a crash will make you scared and might turn you into a weak hand that sells when it’s low resulting in losses.
If you do want to buy BTC, right now is a pretty good time in my opinion IF you’re going to hold it long term. Never buy more than you’re willing to loose. Investments are always long term so don’t use any money you might need in the next 5 years or so.
3. Inform yourself about private keys, public keys, wallets, how to send BTC to your wallet, what exchange you’ll use, all the risks involved (for example loosing your keys) etc.
Just buy 100$ worth of BTC every month and dont touch it in 3 years