Invest in Cryptocurrency on a low budget
There is a very big misconception that you need to have lots of money to invest in cryptocurrency.
That cryptocurrency investing is only for the rich and you can't afford to buy Bitcoin at over $30,000.00USD.
This simply is just not true.
Anyone can invest in cryptocurrency and make money especially since it is still in its early stages.
First lets tackle the idea that because Bitcoin is $30,000.00 per coin only rich people can afford to invest in it.
Wrong!
Anyone can buy a piece of Bitcoin and make money when it goes up.
Here's an example:
You buy $50.00 worth of BTC (Bitcoin) and own a fraction of it equal to 0.0012 at the present Bitcoin price ($32,000.00 USD)
If Bitcoin were to go up by 50%, then your $50.00 investment will also go up by 50%.
Here is how it will work:
You buy $50.00 and receive 0.0012 BTC
Bitcoin jumps by 50%
Your 0.0012 BTC is now worth $75.00 ($50.00 X 50% = + $25.00)
You just made $25.00 profit!
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Now that you know it's possible to invest in cryptocurrency on a low budget here is a tip on how you can make money.
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Do you have an extra $25.00 per week?
Here is a simple strategy you can start with. We will show you what will happen if you were to invest just $25.00 per week in Bitcoin. Let's assume that Bitcoin stays at $30,000.00USD for the sake of this example.
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$25.00 per week = 0.0006 BTC
0.0006 X 4 weeks = 0.0024 BTC per month
0.0024 X12 months = 0.0288 BTC per year
In this first example if Bitcoin were to stay at $30,000.00 and you put $25.00 per week in Bitcoin for 1 year you will have 0.0288 of a Bitcoin equal to $1300.00 CAD.
Now Consider this:
It is practically impossible that Bitcoin will stay at over $30,000.00 throughout the whole year. When its price goes up you will receive less BTC for your $25.00 investment but when the BTC price falls you will receive more.
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Another interesting fact is Bitcoin went up by over 900% since its 2020 low of $3800.00.
Now lets get back to your investment.
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Some large banks and institutional investors think Bitcoin will be worth well over $100,000.00 in the next 2-5 years. Don't take our word for it, click on these links below:
Bloomberg Business
Forbes
Yahoo Finance
So if you were to continue investing $25.00 per week and Bitcoin were to meet or exceed some of its priced predictions you can look at making a 3X to 10X on your investment over a 2 - 5 year period.
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This is what that looks like.
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3X possible scenario in 2 years = 1300 X 2 = 2600 X 3 = $7800.00
10X possible scenario in 5 years = 1300 X5 = 6500 X 10 =$65,000.00
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Keep in mind this is a very basic calculation where we kept Bitcoin at 30,000USD every day for up to 5 years and assume that your BTC is worth $1300.00 per year. It is highly unlikely that Bitcoin stays at this number and more likely that it will dip and rise several times in 5 years.
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Does your bank offer this type of profit potential on your money in 5 years?
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Now that you know how to invest a small amount of money in Bitcoin to potentially make big profit.
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Sign up for your free exchange account here to start buying Bitcoin today.
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Our content is intented to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independant financial advice from a professional in connection with, or independantly research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
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