What Will Happen If You Invest $10 In Filecoin?

Last Updated January 14th 2022

6 Min Read

So, what will happen if you invest $10 in Filecoin? Will you make any profits?

The answer is simple; it depends on the price movement.

To understand the answer to this question, you need to first understand how the cryptocurrency market works. For you to make a profit, the price of the asset has to be higher than the buying price when you sell.

Basically, if you buy something today for $10 and sell it the next day for $11, then you make a profit of $1. But what happens when people are buying Filecoin?

Someone might think that if they just put $10 into the market and wait, then their $10 will become $100. This is not how it works. Just as stocks aren't guaranteed to go up, cryptocurrencies do not always increase in price.

So, if you put $10 into Filecoin, the price can either go up and you make a profit, or it drops, and you lose your $10.

Let's say you buy $10 worth of FIL tokens today at the price of $28.55, and in the next 5 years, the price goes to $152, according to Wallet Investor. For $10, you will get roughly 0.350262 FIL. In the next five years, assuming Wallet Investor is right and you sell it for $152, you will make about $53. That is a profit of $43.

Not much for 5 years, but you get the idea of what you should expect with such a low investment.

In a nutshell, if you invest $10 in Filecoin, you shouldn't expect much in terms of profit, especially for such a slow-growing asset.

How Much Should I Invest in Filecoin?

To make a profit, you should invest enough to make it worth your while. If you invest $10, then your time and energy might be better spent elsewhere. The larger the investment, the higher the potential return on investment (ROI).

But since we are all not the same financially, there are several factors that can help you decide how much you want to invest in Filecoin.

1. Your risk tolerance

How much are you willing to lose? Generally, investors recommend investing between 3% to 5% of your net worth if you are risk-averse. That means you are not willing to take too many risks.

However, if the thought of losing a substantial amount of money doesn't scare you, you can put 10-30% of your portfolio in Filecoin.

2. How long do you plan to hold

If you are planning on holding for a few months, it might be better to invest as much as possible as fast as possible. The more your investment grows, the less time you need to wait for profits.

However, if you are willing to wait for years, You can afford to put in a smaller amount.

3. The timing of your purchase

The best time to buy is usually when there are lower prices since it means you will have more room to make a profit. And the worst times are when everyone else is buying, which usually causes an asset price to spike and then crash.

So, if you can buy when the prices are low, you will probably spend less than when the prices are higher. So, the point is to wait until the price drops before making a purchase. This will allow you to buy more tokens and increase your profit margins if the price goes up again.

4. Diversification

Filecoin is a volatile asset, so it would be risky to make all your investments in FIL. You should diversify across different assets to reduce the risk of losing money.

If you don't want to spread your risk, you can put half your money in Filecoin and another half in Bitcoin, Litecoin, Ethereum or any other altcoin.

The more your money is spread around different assets, the less risky it gets.

5. Your Faith in Filecoin

This is a no-brainer. If you don't believe in the project, then you should not invest in it. Or at least you should not put a lot of money into it.

However, if you believe Filecoin has great potential and will grow fast in the next few years, then you should invest as much as possible.

6. Your Financial Situation

You should not invest in Filecoin if doing so will put you in a financial tight spot. Investing is risky, and you can lose money, especially when it is such a volatile asset like FIL. So, make sure your backup plan is in place before making any high-risk investments.

On the other hand, if you can afford to lose money, then go ahead and invest as much as possible. Again, the more you put in Filecoin, the bigger your potential return on investment.

Check Out: Could Filecoin Be A Millionaire-Maker Coin?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How Much Money Would I Have if I Invested $10 in Filecoin in 2017?

If you bought FIL in 2017, when it had just entered the market, your investment would have grown by more than 400%. CoinMarketCap estimates Filecoin's current ROI at 145.11%. That means that if you bought during launch (or the earliest known price), you would have 145.11% more.

So, basically, if your $10 grew by 145.11%, you would be looking at around $24.50, which gives you a profit of $14.50.

Let's get more specific with the numbers.

Filecoin's earliest known price is around $11.5 in mid-December 2017. Now, if you bought $10 worth of Filecoin at this price, you would have around 0.8696 FIL.

If you sell your investment at the current price of $60.25, you make around $53. That is how much you would have now.

But what if you sold during Filecoin's all-time high price of $237.24? Well, you would make more than $200 in profit.

As you can see, you can either make very little or some decent profit depending on how high the price goes. So, if Filecoin were to grow exponentially now, you could make some decent profit with a $10 investment.

But since this is not a guarantee, you should be prepared for anything.

Can I Buy $1 Worth of Filecoin?

Yes, you can.

But the question is, should you? Once again, it depends on your goals and your expectations. If you just want to experiment with $1 and see how the whole cryptocurrency thing works, go ahead and buy. However, if you are looking to seriously start investing, it might be worth investing more, so you start with a bigger profit margin.

Most cryptocurrency exchanges have a minimum amount you can deposit, which makes it hard to buy a tiny amount of cryptocurrency. So, the only way you would be able to spend $1 on Filecoin is if you bought it directly from another person, not through an exchange.

How Much Will I Make if I buy $100 worth of Filecoin

This is something we cannot tell you as it depends on the price of FIL and how long you hold your investment. You can either make a good profit or lose your $100.

This, of course, depends on whether the price goes up or down.

Don't Miss: How To Make (Or Lose) Money With Filecoin?

Can You Lose Money on Filecoin?

Yes, you can lose money on FIL. Filecoin is a high-risk asset which means that there is a chance the price will fall, and you might lose all your investment.

You can, however, avoid losing money by doing your research and studying the market. It is up to you if you want to accept the risk and invest or lower the chances of losing your money by investing wisely.

Conclusion

As you can see, you might not make much profit if your invest $10 in Filecoin. But if this is your first time investing or you are on a tight budget, it will be a good place to start.

Then again, the cryptocurrency market is unpredictable, and prices can change at any time. So you might want to think about investing more than $10 on Filecoin just in case the price goes up and you miss out!