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/biz/ - Business & Finance

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4863866 No.4863866 [Reply] [Original]

is it too late to buy into the bitcoin? I'm neet and only have $500 to my name but I was thinking about investing it all. Can someone steer me in the right direction? I'm willing to do my own research, I just don't know where to start

>> No.4863901

>is it too late to buy into the bitcoin?

for you, yes.

>> No.4863921

>>4863866
don't

>> No.4863959

Do NOT put all the money in your name into something as volatile as crypto. Even when it's rising you stand a decent chance of getting fucked, especially as a beginner and as a bonus everyone is waiting for the pop.

>> No.4863964

I just put 800 into bitcoin tuesday night and right now that's worth 1000. So you can make a little

>> No.4863976

>>4863866
yeah its worth it

>> No.4863992

>>4863866
just buy ETH or LTC.

>> No.4864038
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4864038

I put 35000 pesos chilenos (53 usd) in the morning and now i got 40.000 (61 usd).

>> No.4864047

>>4863866
Put into ETH and hold for now. ETH is going to raise dramatically once this BItcoin bull run slows down.

>> No.4864058

>>4863959
The alternative is a steady <7% return on muh stocks a year. OP, if you don't have any financial dependents, go for it. $500 is like 2 weeks of burger flipping.

>> No.4864074

no gains to be founds here. Kindly fuck off.

>> No.4864111

>>4863866
The crash is imminent. Just wait. Never ever buy high. Buy when it pulls back to 8,000 by New Year.

>> No.4864180

Higher the base value of the thing you invest in, the more it needs to increase to gain 1%. It's not a good investment right now even aside from the risk of the whole thing falling apart. If you get on the stock market you can find stocks with potential to go up 20% within a couple days (WEED! and maybe cobalt mining) with a lot less risk; if the company is halfway competent it won't go out of business, you have to work really hard at being shit to lose more than 20% of your initial investment, and you will never have a problem selling it exactly when you want to. The only reason to buy in to bitcoin at this stage in the game is if you truly believe it will keep rising at current pace and you are confident you will be able to sell when you're satisfied (or you think bitcoin will replace fiat).

>> No.4864215

>>4863959
Fate favors the bold. I also like the risk but still go all in and hope you don't get fuck or don't and be pissed that you didn't. I'd rather go all in and if I get fucked I'll keep on living but if I don't I could potentially regret it the rest of my life.

>> No.4864258

>>4864111
it will never be 8k again

>> No.4864305

>>4864111
Dude. I agree that a pullback will come eventually but Bitcoin is going to be well over $20k by EOY

>> No.4864698

>>4864111
>being this delusional
When bitcoin hits 35k EOY and your long awaited crash bottoms out at just 25k, you'll look back and realize how retarded you were for not buying the high right now.

>> No.4865389

>>4863866
BUY BUY BUY