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Author Topic: A newbie with 100$  (Read 1234 times)
qwertyup23
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July 08, 2022, 11:30:16 PM
 #21

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?

This depends on your goal whether you want to focus on short or long-term investment.

$100 worth of ETH or BTC can go a long way especially if you consider investing it for long-term. Imagine, BTC reached an ATH of around $60,000 this year. Though its price may have been significantly reduced, the fact that it reached that kind of price implies that it may recover and pump again in the unforeseeable future. In the event that such happens, your $100 would be tripled- something that everyone wishes to happen.

This all boils down if that $100 of yours is something that you are freely disposable- meaning whether you lose or gain, it does not entirely affect your finances at all.

R


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July 09, 2022, 02:01:48 AM
 #22

I would recommend you go long term and HODL.  Also, hoping this is disposable income and the $100 is not something you need.  You can't go wrong with bitcoin, esp at the price it is now; however, if you want a little diversification, then I would say $60 bitcoin and $40 ethereum.
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July 09, 2022, 07:13:12 AM
 #23

One hundred dollars to invest in bitcoin is a good start, especially at such low prices as it is now. But it will bring profit if you regularly buy more, thereby increasing your wallet. And of course, set yourself a deadline when you want to make a profit. When holding for at least 4-5 years, investments almost always go in plus.

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July 09, 2022, 09:26:02 AM
 #24

Your investment will pay off well if you choose it and hold on until the next halving comes ... You should also know the purpose of your investment, whether it is short term or long term. If you handle it long-term you won’t regret Bitcoin.

Yep that is true for long term bitcoin is crazy great

for now if i were you i would invest 50$ first for testing is the crypto really one of your choice. small money actually good for a futures trade but i don't recommendation for non trader  Cheesy

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July 09, 2022, 09:32:45 AM
 #25

To be honest $100 wouldn't make many change even Bitcoin reach $100K, you may earn +$400 but it doesn't a big change IMO. If you think only invest with $100 and in few years you will earn $10,000 or higher amount, you're wrong. That's a shitcoins where you're praying for the CEO to not turn become a scam project.

Don't think Bitcoin as a tool to rich overnight, think as long term investment.

For the current price, You can get x3 if the price reach again the ATH or x6 if the price reach double ATH but if ypu play smart using that small amount, You can earn bigger rather than the possible profit I mentioned above.
Fees is worth to mention, fees to move your own wallet, fees for trading on the exchanges etc. Some exchanges also have a minimum withdraw amount and higher than $100.

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July 09, 2022, 11:29:29 AM
 #26

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
Make your mind first that you want to invest and be sure that are you willing to loose $100 in this market? Ask yourself first these questions and then you will be ready to enter the market or stay away from it.

Okay so now if we say about your $100 investment you will get the following amount of coins with it :

0.00459BTC - $21780
0.0813 ETH  - $1228

So you might be seeing that ETH is cheap at this time and you would get more coins but then there are many things on which you should focus that gas is so much high that you would spend relatively high amount for your investment also and then bitcoin is really good return investment for newbies.

But you amount is low that you would get double returns also of $200 when the prices are doubled for both of them so generally saying that if you can try to do DCA investment with small amounts monthly that would give you good returns.

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July 09, 2022, 11:32:23 AM
 #27

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?

It all depends on what goal you set when investing your $100 in cryptocurrency. If your goal is to increase this amount by 3-5 times, then such an investment in ETH and BTC will be more than appropriate. If you want to increase your $100 by 100 times, then you should invest in new coins, but this cannot be done without experience and special knowledge.

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July 09, 2022, 01:23:53 PM
 #28

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?

Yes it does and it always does, the bear market is the best time to buy, any amount of money will get you to profit provided that you HODL it long enough, this is how one of my friends change his life he bought $300 worth of Bitcoin and HODL for several years until it turns to $30k you need strong hands to realize this.

Although it's very different now than 5 years ago you still going to make a profit, it's advisable that you keep adding up your investment while we are in a bear market.

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July 09, 2022, 05:32:59 PM
 #29

$100 investment in Bitcoin will seem more like a tear drop in an ocean. On Ethereum, one could feel a little impact of that. Any of those two is okay because they're established and reliable cryptos. However, don't expect a great ROI on any of those two. Profit margin won't be as fantastic as it will be if the investment were in any altcoin. If your plan is to hodl long term without any stress or fear of loss, go for Bitcoin.


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July 09, 2022, 05:55:24 PM
 #30

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?

It doesn't matter how much money you have, the main thing is what is your purpose in entering the crypto market. If you have enough patience, you can invest in Bitcoin Ethereum to keep your funds safe. Because no one can say how long it will take for you to make a profit, because it is important to keep long-term thinking in order to make a profit. Entering the crypto world by buying Bitcoin as a Newbie would definitely be a great choice.

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July 09, 2022, 08:09:16 PM
 #31

Can this get me anywhere?

Of course it can! It's just a matter of where you want to go and how long you are willing to wait for it. The most important thing is to set goals. The only way to know what you are working towards is to have a goal to aim for. For example, when I first started investing, my goal was to make 2000$ in the following year. Since I easily achieved my first goal, I set myself a new one.

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July 09, 2022, 09:14:52 PM
 #32

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
If that $100 is free money to rsi it is exactly enough, better than forcing yourself to add more amounts that are used for your daily needs or others.
Investing in Bitcoin will be more valuable, we have known how Bitcoin price cycles. This bearish season is the best time to buy Bitcoin and hold them. Holding Bitcoin will vary, someone may only buy and sell Bitcoin as usual for trading. But, you can also invest in Bitcoin by holding them for the long term. How long you will hold them will depend on your own purpose. If this is for the long term, at least you need to hold them until the next bullish era. Although this doesn't guarantee 100%, at least investing in Bitcoin is the most recommended during this bearish.

R


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July 09, 2022, 10:25:01 PM
 #33

In this bear market, does 100$ on Ethereum or Bitcoin make any difference? As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
if you want to hold for long term, it can get you ti somewhere. Because the bearish time doesn't mean that it's going to remain constant, because it's obvious that Bitcoin have some factors that makes bitcoin to grow. If eventually it enters long periods and it meet up bullish.

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July 09, 2022, 10:58:39 PM
 #34

In this bear market, does 100$ on Ethereum or Bitcoin make any difference?
Of course it does.

How about those that can't even start and have nothing? You're good as the old investors because you're investing just like everybody else. It's a good start for you. You may invest that money as long as you're okay letting it be there in the market for so long and won't think about the volatile that the market has right now.

As a newbie who have only 100$ to risk is this even enough? Can this get me anywhere?
Yes, it's enough to start and it'll bring you far as much as you think about it. It's not only about the amount but also the experience and knowledge that you'll get.

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July 10, 2022, 12:30:54 AM
 #35

If your $100 is not very dear to you now, I mean if you don't have urgent need for it, maybe throughout this year, hasten up and buy btc. Don't buy btc and relax o, buy it and if you have spare $10, $20, $5 buying still as if you are saving it for a long term use. If bitcoin appreciates you won't regret it.

How about leaving the $100 till 2025 and see what will happen to it. Maybe it's what I will begin do. Have a dedicated wallet for any money I want to waste save for life. Maybe by 2030, I will see what will happen to it Cool

R


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July 10, 2022, 03:53:14 AM
 #36

I say $100 in ethereum would be good investment. Should turn 4-5x in same number of years.

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July 10, 2022, 04:00:15 AM
 #37

100$ is a good starting capital in your journey to crypto space. I know few people who started crypto with less than that and earned a lot of profit from it. Bear market is the best season to start in crypto in my opinion. We have lower prices, lesser pressure compared to bull market and projects that have weak foundation are starting to reduce so you have a less chance that you end up with them. It would be better to start with something small than nothing, You can gradually make a difference over the time.
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July 10, 2022, 04:01:13 AM
 #38

$100 is good enough.
While a bear market won't bring you any immediate profits if you're looking to invest, I wouldn't limit your chances of trying the best coins that give you a faster return. There are several "bluechip" altcoins that I think are worth investing in besides BTC and ETH, especially those based on smartcontrack which are now alternative networks like BNB, Sol, TRX, etc. Make an effort to diversify your portfolio and move them to a non-custodial wallet if you plan to hold it long term.

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July 10, 2022, 06:20:22 AM
 #39

Investing in cryptocurrency has no limit, with 100$ you can also invest in bitcoin, bitcoin is at a suitable cheap price to buy at the time of holding. Accumulating slowly is a good way for those with little capital, this month 100 $ and next month also 100 $...If you try to maintain it, your investment will grow more and more, just you need to persist in buying when the price is cheap and holding and waiting for bitcoin to rise again.

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July 10, 2022, 07:01:07 AM
 #40

this amount wont make a big difference because its too small, if 100$ is all i have id go for altcoin instead because they are more profitable and right now price is down 95% ......
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