Investing $100 in Bitcoin today won’t make you a millionaire overnight but you will start an important journey toward financial independence by making your first Bitcoin purchase.
What Happens If You Invest $100 in Bitcoin Right Now?
Let’s say you create a Coinbase account, deposit $100, and buy Bitcoin today. You will exchange your U.S. fiat dollars for one of the most valuable and hardest assets on the planet.
Your BTC will be delivered to your digital wallet and you can HODL it in cold storage or transfer your BTC to a more secure offline hardware wallet.
Bitcoin’s price moves 24/7/365 and you could watch your Bitcoin rise or fall in value depending on the current BTC to USD exchange rate.
Nothing magical will happen at first but the real magic happens when you make consistent $100 Bitcoin purchases over time.
Use Bitcoin Dollar Cost Averaging to Get Rich Slowly
Too many crypto investors are obsessed with altcoins that provide quick overnight gains. What crypto investors don’t tell you is that there are over 20,000 altcoins listed on Coinmarketcap and 99% of these projects will fail.
You don’t need to gamble away your life savings on altcoins to get rich. You can invest in a few altcoins for diversification but will sleep better at night if the majority of your money is invested in Bitcoin.
Use Bitcoin dollar cost averaging to slowly build your Bitcoin savings over time because getting rich slowly works much better than searching for overnight riches.
Pay Attention to Important Crypto Market News & Updates
Once you invest your first $100 in Bitcoin, you become a Bitcoiner. You will feel better about your investment if you stay on top of important Bitcoin news and treat your investment like a long-term journey.
Here are several Bitcoin news sites & communities I follow regularly to keep track of Bitcoin:
The more you learn about Bitcoin, the more confident you will feel HODLing your Bitcoin stash. You can read these websites to increase your Bitcoin expertise and explain Bitcoin to your parents, co-workers, and friends.
I started my Bitcoin journey with a $20 investment back in 2019. Since then, I have remained consistent and invested 10 to 20% of my income in Bitcoin every month.
Don’t worry about how much you invest at first. Starting with $100 is more than enough to start investing in Bitcoin. Make it a habit and you will build a massive Bitcoin stash before you know it.