Quote from: synchronym on December 13, 2023, 12:06:24 PM

Quote from: Tuclikk on December 08, 2023, 10:51:15 PM

I want to make an investment with just $50 as a beginner i don't know which coin am i to start with but i heard been hearing a lot of people both physically and on social networks saying incredible things about (BTC), that is the best. please i need your assistance ??

op First I'll tell you. If you believe social media ads and don't invest at their word, you can lose money. If you want to invest $50 in bitcoins I think it's a waste of your time. Because if you buy bitcoin for 50 dollars you won't make much profit. So if you want to buy Bitcoin first you must have a long term plan. If you only want to invest $50 then you will only learn and nothing else. So you need to increase your dollar amount. And try to make long term plans for yourself. Patience is very important in recruiting. Investing in Bitcoin by patiently checking the market will surely make you successful.

Insomuch as money is not involved in directly paying into the count of the people on social media, the issue is half solved, but if it is, I would say the OP should run for his dear money. As it is now, a lot is going on on social medial even among friends offline, there are too many hypes and unrealistic goals towards Bitcoin, and when the victims are later discouraged, they start talking bad about the coin and painting it red on the internet. Is this the fault of Bitcoin ? I guess no, it's the fault of the unreasonable people preaching the unreasonable returns. But still, the person who believed such an unreasonable return is to be blamed as well because it will only be wise if someone does their own research to come to a reasonable conclusion that will not deceive them.

Fine, Bitcoin has the potential to bless any investors but the time and price they strike it matters. Bitcoin is now heavy, it's getting close to $45,000 again, you should not expect that the huge profit you would have earned when you invested in it when it was still $100 is what you would still earn when the coin is at the top of the roof already. People should just be realistic. A lot of people will continue to call prices, $250,000, $500,000, $1,000,000 and so on, but are they real? Will it ever get there? Also, with the investment of $50 in Bitcoin, I don't see how that will make anybody rich again, and if at all Bitcoin moves higher this time from the present level, I do not believe it can move more than x3 of its price anymore in this expected bull run. That will be a $150 profit which will not make anybody rich unless they have bigger money committed to the coin.