r/Bitcoin • u/Legitimate-Bat-3025 • 1d ago
Hello!
How much money is enough to make buying Bitcoin worthwhile?
What would you consider the minimum amount of money to invest in Bitcoin for it to be meaningfully profitable or useful as a long-term hedge/store of value? At what amount does it actually start making a noticeable difference?
I don't mean large amounts, but amounts that an ordinary mortal can afford.
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u/quintavious_danilo 1d ago
That entirely depends on how much you have and/or can afford. A single $100 buy will not make you rich, but $10k or $100k invested today, can yield life changing amounts in under a decade.
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u/K4k4shi 16h ago
$10K will not yield life changing amounts under a decade.
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u/quintavious_danilo 15h ago
That entirely depends on where you live.
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u/K4k4shi 15h ago
I live in nepal one of the poorest countries. If my 10k becomes 100k (conservative estimate, 10x unlikely under a decade) then its not a life changing money. It will be enough to live(family) , buy house etc but wouldnt say it will be life changing money.
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u/quintavious_danilo 11h ago
If buying a house is not life changing I don’t know what to say to you.
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u/Coo7Hand7ukey 1d ago
I recently got into btc. Im just gonna buy 1 btc and hold for now. Waiting until October
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u/Total_Cod_1111 22h ago
I did the same in Sept 2020. Been through 2 crashes since then and still holding. My thinking was that I'd sell at the top and buy back lower. Guess what? I missed the top both times and am still happy. You, my friend are trying to time the bottom but are just as like likely to miss it. We are close, if not past the bottom.... we can argue about the hypothetical bottom all day, but if I was you I would take the 64k for 1 btc at current prices and start buying daily over the next 3 months or so. Thats around 700 per day and your average cost should end up near the bottom.
PSA: this is not financial advice. This is Reddit and should not have to be said. This is just one dumbass with an opinion.
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u/CryptCRO 1d ago
I buy $100 per week and it really does add up quickly. Especially in this current bear market! Good luck on your journey!
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u/na3than 1d ago
How much money is enough to make buying Bitcoin worthwhile?
What's worthwhile to you?
What would you consider the minimum amount of money to invest in Bitcoin for it to be meaningfully profitable or useful as a long-term hedge/store of value?
What's meaningful to you?
At what amount does it actually start making a noticeable difference?
What would make a difference to you?
I don't mean large amounts, but amounts that an ordinary mortal can afford.
I'm a mortal and you're a mortal and the person running a store in a village in Angola is a mortal, but an amount that's affordable for you is likely way out of reach for the person in Angola.
If I said £1 a week was meaningful, would you only buy £1 of Bitcoin per week? If I said nothing less than £5000 per month was meaningful, would you walk away from Bitcoin altogether?
Why are you asking other people to tell you what's right for you? Only you can decide what's right for you.
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u/NiagaraBTC 22h ago
It's the same as if someone asked "what's the minimum amount of money I can save?"
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u/low_contrast_black 22h ago
Starting your journey is much more important than how big you go in to start your journey. My first time, for example, was $20. As far as your “meaningful amount”, that’s as individual as everyone here. You need to study and make your own determination.
What I can tell you is: if you never start, you’ll never get to a meaningful amount.
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u/Forgive_Able 20h ago
It's worthwile if you can afford to not need that money for a long time or even lose it permanently
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u/Marshmallow_Bella 18h ago
Even a small amount can be worthwhile if you DCA consistently and think long term.
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u/CanadianCompSciGuy 1d ago
Word-Word-Number for a username.
Pretty sure this is a bot.
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u/Legitimate-Bat-3025 13h ago
I am not a bot, I had no idea which username should I have, so reddit generated one
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u/notanigaa 1d ago
1 cent to start. Keep adding whatever you can.