Current Events > so if i invested $1000 into bitcoin right now, how much would i make back? :o

(+) Yeah! (+)

let's say i sold it like a week later or whatever (yeah, i know it's hard to predict, but given trends in the past... )

or is investing that little not even worth the effort
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-$1000
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You'd make (Current Market Price of BTC - $1000)
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-$1000
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if you invested $1000 a week ago you would have $550 now

It's still falling. Wait for the next wave and try to get in on it early... assuming there is one.
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Real answer: if you're looking to invest, with a long-term focus, buy index funds.

If you're looking to trade, and with money you wouldn't miss if you lost 100%, but crypto when the coins hit within 10% of their monthly low and sell when they hit within 10% of their monthly high.
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let's say you bought in at $10,000 and sold at $10,250

you'd make $25 <_<
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wackyteen posted...

let's say you bought in at $10,000 and sold at $10,250

you'd make $25 <_<

?
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3deep5u posted...

wackyteen posted...

let's say you bought in at $10,000 and sold at $10,250

you'd make $25 <_<

?

You pay transaction fees when convert to/from USD.
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SpiralDrift posted...

It's still falling. Wait for the next wave and try to get in on it early... assuming there is one.

So here's my question, and it may be stupid but I know fuck all about crypto.

My understanding is a lot of it is primarily used and funded by drug dealers and some pretty shady dudes. Now, when this thing crashes and these guys lose hundreds of thousands or millions, what's to stop them from finding some pasty nerd who cashed out before the crash and has "their" money and taking it back? Is that a possibility?

3deep5u posted...

?

hold that thought I might've had the wrong way in mind.

obviously if you invest $10,000 and buy 1 whole bitcoin and sell at $10,250 you make $250 in profit.

Logically it should work at $1,000 and you earn $25 in profit
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and I'm talking like straight flat numbers here, no conversion rates to USD or whatever
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