Hi Bitcoiners
Hello fellow Bitcoin enthusiasts! I want to share a personal story and seek your honest advice. Previously, I thought investing in BTC was only for whales and that small investors like myself wouldn't see significant gains. However, yesterday I saw a tweet from someone who invested $500 in BTC when it was at $82,000 and now their investment is worth $3,000! I felt regretful for not investing earlier and wished I had converted my money to BTC. Now, I'm considering a new strategy: if BTC's price drops a bit, I'll invest the money I have and convert it to BTC. Please share your honest thoughts - is this a good idea or not?
That is misinformation. It is obviously a scammer who is trying to Leed you to his trap that can promise you such a thing let's work it out and you will see for your self.
Let's say $500 in btc during $82k is = 0.006097 which is calculated as
BTC0.006097×82000 = $499.9 then at current price of $90k will be 0.006097×90000=548.73 so there is no possibility of making that amount of $3k in that little space of time. That means btc will have to gone 6x to achieve that figure. The only way he could achieve $3k within that short period of time would have been if perhaps he baught 1 bitcoin when it was around $85000 then you would be making around $3000 when it reaches $88k and making $5000 when it reaches $90k. So your profit is determined by the amount you invested.