Money Talk

Should I invest in bitcoin in 2020?

Submitted by rexxxsr, , Thread ID: 181154

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RE: Should I invest in bitcoin in 2020?

#7
19-09-2020, 01:16 PM
Vrumurel Wrote:
What's like the minimum amount you can invest in Bitcoin to see results?
It depends what you mean by "see results". BTC is currently ~$11k. Let's say you put $100 in and over a couple of years BTC rises to$44k. That's 4x growth - which is fantastic - and it means that you've gained $300. Do you count $300 as "seeing results", or would you be kicking yourself for not investing $1000?
If you invest $1000, there'll definitely be times when it plummets andyou feel like you're going to lose it all and panic, and maybe sell up.

It's all about what you can afford to write off, and how you will handle emotions.

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