You Asked: What If I Invest $10 In Bitcoin Cash?
What if I invest $10 in Bitcoin Cash? Well, here's some simple math to help you figure that out!
First, let's start off by understanding the volatility of Bitcoin Cash. For instance, in the last 24 hours (at the time of writing), BCH traded at a low of $620.93 and a high of $654.81, according to data from CoinMarketCap. So, if you bought $10 worth of BCH when the price was at $620.93, you would have around 0.0161 BCH.
Now, if you sold that at the high price of $654.81, you'd make about $10.546. Well, that's not a lot of money to look forward to for a whole 24 hours.
So, let's go long term.
Assume you had invested in Bitcoin Cash when it first started trading and held onto it all the way to today.
Let's break down some numbers to figure out how much you would be sitting on!
A Bitcoin Cash coin was worth as low as $385 on the first day it was traded, and as of today, that same coin is worth $623! So, if you bought $10 worth of BCH back then, you would have around 0.02597 coins. That would be worth $16.18 today. Still low, but that is only because BCH price has been dropping.
But what if you sold your coins on Dec 20, 2017, when BCH hit its all-time high price of $4,355.62? You'd make a cool $113.13 in just a few days!
So, the result of your $10 investment really depends on how the price of BCH moves. With so much volatility, it’s hard to tell you much you can make with $10 in the next few months or years.
How Much Should I Invest In Bitcoin Cash (BCH)?
Well, that all depends on how much risk you are willing to take. The cryptocurrency market is volatile, so there's no telling how BCH might move in the next hour, day or week.
That said, if you want a conservative estimate based on historical data, we recommend putting in 3-7% of your portfolio.
If you're willing to take more risk, put in up to 10% or even 30%.
Just make sure that if the price drops suddenly, you have a backup plan so you can cut your losses. Generally, there are several factors you should consider when deciding how much to invest in BCH.
- Your risk tolerance: The more risk you are willing to take, the more you can invest.
- Your current financial standing: If you're well off, chances are you could lose a lot, and it wouldn't hurt as much.
- Your investing strategy: Do you plan on holding onto Bitcoin Cash for years? Or do you just want to make a quick buck and sell as soon as the price increases?
- Diversification: If you have other forms of investments, you can afford to put in more since you have something to fall back on in case things go south.
- Market Condition: If you suspect the market will likely turn bullish, you can invest more and vice versa.
How Much Money Would I Have If I Had Invested $10 In Bitcoin Cash In 2018?
According to CoinMarketCap, Bitcoin Cash hit a high of $2,786 and a low of $75 in 2018. So, if you bought while the price was at its highest, you would obviously make a tremendous loss.
However, if you were lucky to buy when the price was at its lowest at $75 per coin and sell at the current price of $623, you would make some decent money.
Let's look at the math;
So, a $10 investment at $80 per coin would have given you 0.133 coins. Now, if you sell that today, you make around $83.067, which is a profit of $73.067.
Can I Buy $1 Worth Of Bitcoin Cash?
You could, but you most likely won't. This is because most exchanges have a minimum deposit, and we don't know of any that accepts as low as $1. That is bad business.
For instance, eToro accepts a minimum deposit of $200, while Coinbase won't take anything less than $25.
Also, it doesn't make any sense to buy $1 worth of BCH if you are seriously looking to invest.
But if you really want to buy less than $10 worth of BCH, your best bet is to wait until the price drops further and then get in when it's lower. At some point, the price will go down again.
How Much Will I Make If I Buy $100 Worth Of Bitcoin Cash?
If you're wondering how much you'll make with a $100 investment in Bitcoin Cash, we can estimate it for you based on historical price data.
Bitcoin Cash reached a high of $4,355.62 per coin on Dec 20, 2017, and a low of $75.03 on Dec 15, 2018.
The amount of profit you can make with a $100 investment will depend on your timing. For instance, if you bought during BCH's ATH, you'd be looking at a great loss.
Otherwise, if you bought when the price was $75 per coin, you'd be looking at more than $865 today.
But how much can you make in the future if you invest $100 today? Well, we can't tell. As we said, BCH is a volatile asset, and prices can go up or down at any time.
Your profit will depend on price movement. If the price goes up, you'll make a profit. If the price drops, you'll lose money.
But to give you an idea of what we might be looking at in the next five years, let's use predictions from Wallet Investor. According to the site, BCH will be worth around $3,000 per coin at the end of 2026.
So, if you buy $100 worth of BCH today, you will have 0.161 coins. In the next five years (based on Wallet Investor predictions), that will be worth around $480. Not bad for such a small investment.
Can You Lose Money On Bitcoin Cash?
Of course, you can, just like any other investment.
Bitcoin Cash is a volatile asset that has no fundamentals to back it up yet. That means that its price can go up or down at any time with little to no warning. Now, this isn't necessarily bad in cryptocurrency since people are actually looking for assets with large price swings because it means bigger profits for them.
But it is risky.
If you buy Bitcoin Cash today, the chances are that it will be worth more tomorrow. That's because people are buying cryptocurrencies in an attempt to make money. And if they're buying BCH, the price will rise because demand is high. Otherwise, if no one wants BCH, the price will drop.
Yet, it's important to be careful because the value of cryptocurrencies is difficult to predict. And once you buy your coins, they can go down as well as up in value. To be on the safe side, only invest what you can afford to lose.
Can Bitcoin Cash Make Me Rich?
Bitcoin Cash can make you rich. It's possible, but as we said above, only invest what you can afford to lose.
Also, it really depends on your luck. Just because BCH has made other people rich doesn't mean that it will do the same for you.
As we have seen, investing $10 in BCH might not bring you much ROI. But it's a good way to get started.
If you want to make more money, invest a little more and keep in mind that cryptocurrencies are risky assets that can go up or down at any time with no warning.
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Virtual currencies are highly volatile. Your capital is at risk.