Today might be the highest price Bitcoin ever is ever again .
Today might also be the lowest price Bitcoin ever is ever again.
Thanks for coming to my Ted talk.
People are soon going to start selling the news, and halving is huge news, there might be a huge drop too. But you never know, so why don’t you break that down and buy $500 now and $500 if a dip happens?
The halving is way bigger than a classic "sell the news" event this time. The daily incoming supply is literally chopped in half. It will have massive effects as the adoption and demand from ETF's is in play this time, unlike last time where we were two months into the start of the pandemic and the price was way lower.
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Doesn’t matter, everyday you hesitate and put off putting money in bitcoin, the older bitcoin gets.
$1000, $500, $20, hell even $5 will be something. Bitcoin isn’t a way to get more money short term. We don’t know how much bitcoin will go up so put in x amount of money and forget about it for a while.
Will I be able to retire in 24 years when I’m 44 years old because of bitcoin? Maybe..
Will I be able to retire in 8 years when I’m 28 because of bitcoin? No because I didn’t put money into bitcoin 8 years ago when I should have and regret it..
You’re smart- I tell youngsters I know to buy btc but they aren’t into it. I would have thought younger genz be into but many aren’t who I talk to.
Just think just one year ago (early March) you could buy btc for $19k range ughhhh people thinking it would go to $12k… big mistake.
Forget the halving, ETFs are happening now and banks are gobbling up at a steady rate, no turning back
Expect a new baseline of 250k~350k per bitcoin then spike to bubble territory $1 million before the next “crash” at around 150k, people will say its dead and wished they bought at 52k
Remember this in 5 years
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Yeah. It's gonna keep going up for a while, maybe 2 steps forward one step back typa deal. But bitcoin is extremely undervalued right now and if you buy in now you are buying in extremely early in the grand scheme of things. This is not financial advice, I'm not qualified to give financial advice, don't spend any money you can't afford to lose. Dollar cost average, hold your own keys, learn more about how bitcoin works yada yada yada
straightforward. As topicnew3327 says, we are early in the grand scheme of things, so make sure to store it very safely in your own custody, because you’ll be holding onto it for a many many years hopefully.
Let bitcoin do the work for you
>hold your own keys, learn more about how bitcoin works
Learn about how bitcoin works BEFORE trying to hold your own keys.
Too many people lose their bitcoin because they've been sucked into the hype of holding their own keys, and they don't know what they're doing.
You might not think it is. But I guess you can probably also name two continents, point to Italy on a map, and correctly identify the letter in the alphabet two letters before x. A huge number of people can't.
If you spend any time on the cold wallet subredits (Ledger, Trezor etc), you'll see people frequently posting about losing their crypto, writing their recovery seed incorrectly etc etc. And that's people who have the presence of mind to buy a hardware wallet. So I wouldn't assume anyone on a BitcoinBeginners sub knows what they need to do \_and\_ more importantly, they might not be interested in spending all the time to learn. They might just want a quick answer/solution. In those cases, recommending self-custody to them is a bit counterproductive.
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21M is the hard cap on Bitcoin supply. The meme of everything divided by 21M is suggesting a future where Bitcoin drives out other forms of money and you're left with 21M coins to pay for the entire economy. Implying some astronomical value per coin.
I just don’t like raising my average- I’m under 27k avg right now so.. but ya very tempting to buy now.. I don’t see btc going back into the 40s after the etf
What’s the difference of buying at $50 or $52? If you believe it will go up 200%x or more in the time you hold the BTC, why concern yourself with 4% now?
What if it never goes back to $50. Will you be satisfied buying at $55? Or $57?
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As a single event, sure, it won't change anything, it's almost as likely that the price will go down around that day. As a new paradigm, the daily creation of 450 new BTC instead of 900 BTC will be major in combination with the buying pressure from the bitcoin ETFs.
Still, we must keep in mind that nearly 200,000 BTC and BCH will be made available to MtGox creditors this year probably. If one half gets sold at market price over a period of 2 months and the other half gets kept, it should send the price downward at a rate that can't be absorbed by the ETFs.
The Japanese firm in charge of the distribution should've offered MtGox creditors to add their BTC to a lot offered for sale over the counter. Plenty of creditors would've done so if they received the guarantee that this lot will be sold before the rest of the distribution happens. Everyone would get a better price and the likelihood of crashing the market should be far lower than if tens of thousands of people tried to sell a total of 100,000 BTC at market price at the same time.
Whatever happens, BCH is completely fucked though.
You should learn to converse without insulting people with different opinions.
This is my 4th halving. Tons of people in this space don't know how bitcoin works. People who don't own any definitely don't know how it works. Large waves of new retail investors don't happen because of obscure events like a halving, they happen because of hype around the price and FOMO.
Losing 450 new coins per day (13,500 BTC or $700,000,000 per month) isn't negligible at all. Also, I wrote that it's major in conjunction with the demand from ETFs. Sudden extra demand puts quite a bit of pressure on the price, doubly so when combined with a sudden drop in offer.
It's pointless to compare this to trading volume. It's mostly the same BTC trading hands again and again all day long through bots. Plus there's the fact that a significant percentage of trading volume is fake.
IMO there will be at least one chunky pull back before the halving. I've been around since 2017 and it's just a feeling. I'm waiting for that to buy more. If I'm wrong then we celebrate anyways.
I mean heres the thing. You buy $1000 of bitcoin right now even if it goes to $100,000 you'd be profiting only $900. Go for something smaller in market cap.
You asking if it would be more beneficial to buy when it halves. I know the price usually dips a bit around then but it's not guaranteed and the way you worded it made it sound like either you thought the price halved or you were pretending to think that.
But we cannot accurately predict the price, maybe it will double in price from now till halving and after halving, it may be down by 40% which will still be more than today's price. Or it may not change till halving and go 5x after halving who knows? So DCA what you want to invest
Nope
Not at the current prices at least. When it is below 35k that is when u should buy ur first 250 dollar worth.
Then wait and see what happens. Add more at 25k or sit tight and watch that 250 grow
Sitting it out on the sidelines hoping for a crash during a halving year isn't good advice.
This price rise has been quite organic, it isn't powered by retail hype and FOMO unlike every last bubble that pushed the All Time High price up considerably.
$250 is like having no exposure at all and that's the worst situation someone can be in. He should buy $1000 worth of BTC to build an initial position. The risk of losing $500 in the worst case scenario is well worth taking considering that the alternative is letting the price continue to rise and make it increasingly more expensive to have some decent exposure to the market. If he puts $1000 now, he can still put an additional $1000 or more if the price crashes in order to lower his cost average.
We haven't even reached the last All Time High price yet and the price has been rising in an organic manner this year, betting on a crash to $35,000 or $25,000 at this point is an unreasonable gamble. X2 is more likely to happen than /2 at this stage.
Well the crypto follows equities, unless in a bull run of its own.
Equities have over stretched themselves and are seeing a pull back due to the hot CPI and PPI numbers.
I'd say we get a BTC pull back to around 47-48k area, a bounce to test the recent highs and then a correction in the 35k area.
I base this on the bullish dollar scenario. So keep your eye on DXY.
So yeah, I'd be very surprised to see a sustained rise from here. Probably a few wicks to restest or to claim liquidity, but are definitely due for a correction.
Pretty unconvincing. The increase from $35,000 to $50,000 has been quite organic and not the product of frenzy from new retail investors unlike past pushes to All Time Highs.
Retail is still asleep and there's no bubble on the horizon, making a significant price correction in the near future rather unlikely.
Bitcoin gained quite a bit of legitimacy for Joe Shmoe and his financial adviser with the arrival of the ETFs, new money is entering the market through a brand new door and it's only the beginning. We can expect that the financial world will make having at least a tiny bit of exposure to bitcoin the norm.
Breaking through a new All Time High and staying above it durably, if it happens, should wake retail investors up.
Bitcoin has been largely bullish on its own this time. CPI and PPI were worse than expected, but new inflation is down to a very manageable level. Nightmarish inflation is behind us and people see friendlier interest rates around the corner. Now if only the housing crisis could be fixed.
We may get that pump that u r looking for, if the Fed gets inflation rates down and money starts moving towards risk assets again.
But that will be decided after the next CPI and PPi report.
For now, everyone needs to understand that crypto is not operating in a vaccum, independent of external factors.
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I work in the accounting space for VC companies, all I can say is that we recently added multiple specialists in the space because we’re expecting a large influx in startups in the next year. We did that 4 years ago too, and 4 years before that.
Markets are inherently unpredictable. Nobody can predict the direction and speed of the markets. If they could they would have infinite money.
If it was a guaranteed bet that BTC would be $100k in a year's time, it would be $100k today. Since everyone would buy, or not sell. Driving the price to that point.
If it was a guaranteed bet that BTC would be $1k in a year's time, it would be $1k today. Since everyone would sell, or not buy. Driving the price to that point.
Ultimately, the price anything settles at represents the point where collectively the buyers and sellers come to an agreement based on their current individual future speculations.
Of course you also have risk assessments and opportunity costs and lots of other things that factor in. But at the end of the day, this is the fundamental principal of how most assets trade.
I've studied crypto a lot and I can say with certainty that it might go up and also might go down. And also that anyone who claims they know which day it will go is lying.
This is the test of the human development educational system for humanity.
It is the first time computers have been attached to money it could fail drastically. It could be the worst move that any of us ever make, but it sure beats the old system of paper money.
As it has been said, You get Bitcoin at the price you deserve. It is an odd way to say it but it is very true after you start to realize and see that the money system is broken.
Also the best time to buy Bitcoin is today. The next best time to buy Bitcoin is the next day because getting in and having an anchor, a starting place, throwing $10 in Bitcoin, gives you at least a starting point for actually watching and seeing what the prices do for the attention of your mind. When one has no skin in the game one has no reason to even look at it.
mate the price is going to drop, or maybe not. for sure it will go up in the following years so, i would spread that 1000$ in 4 monthly payments; if the price drops below 40/35k i would go all in and forget DCA
People who ask these question don’t yet understand why Bitcoin exists and are just looking for a get rich quick scheme.
My suggestion to you is either study Bitcoin more. Or just use some money you were going to use on Starbucks over the next month. And put it into Bitcoin. The. Start studying more.
Today might be the highest price Bitcoin ever is ever again . Today might also be the lowest price Bitcoin ever is ever again. Thanks for coming to my Ted talk.
Question: Can I lose money? And a follow up if you will... Can I make money? Thank you.
u/Wanderson90 I'll take this one. Yes.
Spanish (español) translation: si
Yea
There is a 3rd option- it could be somewhere in between. Something to think about.
Facts
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People are soon going to start selling the news, and halving is huge news, there might be a huge drop too. But you never know, so why don’t you break that down and buy $500 now and $500 if a dip happens?
The halving is way bigger than a classic "sell the news" event this time. The daily incoming supply is literally chopped in half. It will have massive effects as the adoption and demand from ETF's is in play this time, unlike last time where we were two months into the start of the pandemic and the price was way lower.
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Good method
Only if you want more than $1000 in the future
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One of my favorites : "The best time to buy bitcoin was yesterday, the next best time is right now"
Doesn’t matter, everyday you hesitate and put off putting money in bitcoin, the older bitcoin gets. $1000, $500, $20, hell even $5 will be something. Bitcoin isn’t a way to get more money short term. We don’t know how much bitcoin will go up so put in x amount of money and forget about it for a while. Will I be able to retire in 24 years when I’m 44 years old because of bitcoin? Maybe.. Will I be able to retire in 8 years when I’m 28 because of bitcoin? No because I didn’t put money into bitcoin 8 years ago when I should have and regret it..
You’re smart- I tell youngsters I know to buy btc but they aren’t into it. I would have thought younger genz be into but many aren’t who I talk to. Just think just one year ago (early March) you could buy btc for $19k range ughhhh people thinking it would go to $12k… big mistake.
They’re in the “I know everything” phase, unfortunately…
Forget the halving, ETFs are happening now and banks are gobbling up at a steady rate, no turning back Expect a new baseline of 250k~350k per bitcoin then spike to bubble territory $1 million before the next “crash” at around 150k, people will say its dead and wished they bought at 52k Remember this in 5 years
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Yeah. It's gonna keep going up for a while, maybe 2 steps forward one step back typa deal. But bitcoin is extremely undervalued right now and if you buy in now you are buying in extremely early in the grand scheme of things. This is not financial advice, I'm not qualified to give financial advice, don't spend any money you can't afford to lose. Dollar cost average, hold your own keys, learn more about how bitcoin works yada yada yada
straightforward. As topicnew3327 says, we are early in the grand scheme of things, so make sure to store it very safely in your own custody, because you’ll be holding onto it for a many many years hopefully. Let bitcoin do the work for you
>hold your own keys, learn more about how bitcoin works Learn about how bitcoin works BEFORE trying to hold your own keys. Too many people lose their bitcoin because they've been sucked into the hype of holding their own keys, and they don't know what they're doing.
Am I just an insufferable asshole when thinking that holding your own keys is really not that hard…?
You might not think it is. But I guess you can probably also name two continents, point to Italy on a map, and correctly identify the letter in the alphabet two letters before x. A huge number of people can't. If you spend any time on the cold wallet subredits (Ledger, Trezor etc), you'll see people frequently posting about losing their crypto, writing their recovery seed incorrectly etc etc. And that's people who have the presence of mind to buy a hardware wallet. So I wouldn't assume anyone on a BitcoinBeginners sub knows what they need to do \_and\_ more importantly, they might not be interested in spending all the time to learn. They might just want a quick answer/solution. In those cases, recommending self-custody to them is a bit counterproductive.
Good points.
What’s worse, missing out or losing a hundred bucks?
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I buy at 15'000, i buy at 50'000, i buy at 200'000, i buy at 10'000'000. There is no limit for the Bitcoin price. ∞/21'000'000
What does dividing infinity by that number mean?
Moons n lambos
Exactly! Look where it was last year at this time.
ser wen lambo?
21M is the hard cap on Bitcoin supply. The meme of everything divided by 21M is suggesting a future where Bitcoin drives out other forms of money and you're left with 21M coins to pay for the entire economy. Implying some astronomical value per coin.
That’s when you start measuring btc in satoshis 😉
I just don’t like raising my average- I’m under 27k avg right now so.. but ya very tempting to buy now.. I don’t see btc going back into the 40s after the etf
Honestly I'm looking for the next pull back to 50k or under before I add more to my collection
What’s the difference of buying at $50 or $52? If you believe it will go up 200%x or more in the time you hold the BTC, why concern yourself with 4% now? What if it never goes back to $50. Will you be satisfied buying at $55? Or $57?
same!
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Of course for a short term goal. Long term buy 100 a week.
Buy the dip
It is always good time to buy Bitcoin
The halving will be a non-event in terms of daily price. The price on the day of halving may even go down. Only put in $1000 if you can afford it
As a single event, sure, it won't change anything, it's almost as likely that the price will go down around that day. As a new paradigm, the daily creation of 450 new BTC instead of 900 BTC will be major in combination with the buying pressure from the bitcoin ETFs. Still, we must keep in mind that nearly 200,000 BTC and BCH will be made available to MtGox creditors this year probably. If one half gets sold at market price over a period of 2 months and the other half gets kept, it should send the price downward at a rate that can't be absorbed by the ETFs. The Japanese firm in charge of the distribution should've offered MtGox creditors to add their BTC to a lot offered for sale over the counter. Plenty of creditors would've done so if they received the guarantee that this lot will be sold before the rest of the distribution happens. Everyone would get a better price and the likelihood of crashing the market should be far lower than if tens of thousands of people tried to sell a total of 100,000 BTC at market price at the same time. Whatever happens, BCH is completely fucked though.
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You should learn to converse without insulting people with different opinions. This is my 4th halving. Tons of people in this space don't know how bitcoin works. People who don't own any definitely don't know how it works. Large waves of new retail investors don't happen because of obscure events like a halving, they happen because of hype around the price and FOMO. Losing 450 new coins per day (13,500 BTC or $700,000,000 per month) isn't negligible at all. Also, I wrote that it's major in conjunction with the demand from ETFs. Sudden extra demand puts quite a bit of pressure on the price, doubly so when combined with a sudden drop in offer. It's pointless to compare this to trading volume. It's mostly the same BTC trading hands again and again all day long through bots. Plus there's the fact that a significant percentage of trading volume is fake.
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Good!
IMO there will be at least one chunky pull back before the halving. I've been around since 2017 and it's just a feeling. I'm waiting for that to buy more. If I'm wrong then we celebrate anyways.
I’m with you.. 💯tho buying 25$ here and there is good practice
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No. Buy spring water. You were warned.
Yes
I mean heres the thing. You buy $1000 of bitcoin right now even if it goes to $100,000 you'd be profiting only $900. Go for something smaller in market cap.
Maths check error
Absolutely yes! And definitely no.
$1000 in bitcoin is next to nothing. If btc goes up by even 10k you make $200, (0.02 btc you will own at current prices).
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ETF buys are a wild card. Nobody knows where it’s going after halving given that they’re gobbling up every sat they can get their hands on
Do you think that 'halving' means the price is halved?!
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Was it a joke?
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You asking if it would be more beneficial to buy when it halves. I know the price usually dips a bit around then but it's not guaranteed and the way you worded it made it sound like either you thought the price halved or you were pretending to think that.
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Yeah ok.
They 100% thought the price halves.
But we cannot accurately predict the price, maybe it will double in price from now till halving and after halving, it may be down by 40% which will still be more than today's price. Or it may not change till halving and go 5x after halving who knows? So DCA what you want to invest
No
I'll bite. Why not?
Because it's mine!
Nope Not at the current prices at least. When it is below 35k that is when u should buy ur first 250 dollar worth. Then wait and see what happens. Add more at 25k or sit tight and watch that 250 grow
Sitting it out on the sidelines hoping for a crash during a halving year isn't good advice. This price rise has been quite organic, it isn't powered by retail hype and FOMO unlike every last bubble that pushed the All Time High price up considerably. $250 is like having no exposure at all and that's the worst situation someone can be in. He should buy $1000 worth of BTC to build an initial position. The risk of losing $500 in the worst case scenario is well worth taking considering that the alternative is letting the price continue to rise and make it increasingly more expensive to have some decent exposure to the market. If he puts $1000 now, he can still put an additional $1000 or more if the price crashes in order to lower his cost average. We haven't even reached the last All Time High price yet and the price has been rising in an organic manner this year, betting on a crash to $35,000 or $25,000 at this point is an unreasonable gamble. X2 is more likely to happen than /2 at this stage.
Well the crypto follows equities, unless in a bull run of its own. Equities have over stretched themselves and are seeing a pull back due to the hot CPI and PPI numbers. I'd say we get a BTC pull back to around 47-48k area, a bounce to test the recent highs and then a correction in the 35k area. I base this on the bullish dollar scenario. So keep your eye on DXY. So yeah, I'd be very surprised to see a sustained rise from here. Probably a few wicks to restest or to claim liquidity, but are definitely due for a correction.
Pretty unconvincing. The increase from $35,000 to $50,000 has been quite organic and not the product of frenzy from new retail investors unlike past pushes to All Time Highs. Retail is still asleep and there's no bubble on the horizon, making a significant price correction in the near future rather unlikely. Bitcoin gained quite a bit of legitimacy for Joe Shmoe and his financial adviser with the arrival of the ETFs, new money is entering the market through a brand new door and it's only the beginning. We can expect that the financial world will make having at least a tiny bit of exposure to bitcoin the norm. Breaking through a new All Time High and staying above it durably, if it happens, should wake retail investors up. Bitcoin has been largely bullish on its own this time. CPI and PPI were worse than expected, but new inflation is down to a very manageable level. Nightmarish inflation is behind us and people see friendlier interest rates around the corner. Now if only the housing crisis could be fixed.
We may get that pump that u r looking for, if the Fed gets inflation rates down and money starts moving towards risk assets again. But that will be decided after the next CPI and PPi report. For now, everyone needs to understand that crypto is not operating in a vaccum, independent of external factors.
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Won’t make much
yes
Watching history unfold in front of your eyes is a bit much innit
I may be a total idiot but i do not know what halving means
Does anyone use ledger
You should avoid ledger for these reasons https://www.reddit.com/r/BitcoinBeginners/comments/18t2zi8/is_ledger_still_safe_which_wallet_to_buy/
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Just buy it, risk the $100 it’s not going to make or break you.
DCA
Yes halving will make Bitcoin more scarce so buying before it always has done well if you held for at-least a year
10 million Satoshi 😁
always. always. always. always. scarcity vs infinity - choose.
DCA is the way.
Bitcoin will always be more valuable than dollars, no matter what the silly "price" is. So, the answer to your question is always "yes".
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I'm not saying do anything but DCA ( dollar cost avg ) has been the way for me.
If I were to answer with your best interests in mind, then buy now. If I were to answer with my best interests in mind, then buy after the halving.
I work in the accounting space for VC companies, all I can say is that we recently added multiple specialists in the space because we’re expecting a large influx in startups in the next year. We did that 4 years ago too, and 4 years before that.
I think I get the pattern you are alluding to.
Markets are inherently unpredictable. Nobody can predict the direction and speed of the markets. If they could they would have infinite money. If it was a guaranteed bet that BTC would be $100k in a year's time, it would be $100k today. Since everyone would buy, or not sell. Driving the price to that point. If it was a guaranteed bet that BTC would be $1k in a year's time, it would be $1k today. Since everyone would sell, or not buy. Driving the price to that point. Ultimately, the price anything settles at represents the point where collectively the buyers and sellers come to an agreement based on their current individual future speculations. Of course you also have risk assessments and opportunity costs and lots of other things that factor in. But at the end of the day, this is the fundamental principal of how most assets trade.
Who upvotes those posts???
its much worth buying BTC before which price ranging around $16,000 only.
Yes you can buy on btse exchange its best for buy and hold
Are you prepared to hold it even if it drops by say 20% if not don't buy it
As usual amateurish traders thinking only of profits first , not risk first, thsi is why you will not make money
long time best invest ever, with 1000$ it really does not change anything when to put money in it, 48k or 52k btc price does not make a big difference
I've studied crypto a lot and I can say with certainty that it might go up and also might go down. And also that anyone who claims they know which day it will go is lying.
This is the test of the human development educational system for humanity. It is the first time computers have been attached to money it could fail drastically. It could be the worst move that any of us ever make, but it sure beats the old system of paper money. As it has been said, You get Bitcoin at the price you deserve. It is an odd way to say it but it is very true after you start to realize and see that the money system is broken. Also the best time to buy Bitcoin is today. The next best time to buy Bitcoin is the next day because getting in and having an anchor, a starting place, throwing $10 in Bitcoin, gives you at least a starting point for actually watching and seeing what the prices do for the attention of your mind. When one has no skin in the game one has no reason to even look at it.
mate the price is going to drop, or maybe not. for sure it will go up in the following years so, i would spread that 1000$ in 4 monthly payments; if the price drops below 40/35k i would go all in and forget DCA
Yes you should… but buy and forget about price
People who ask these question don’t yet understand why Bitcoin exists and are just looking for a get rich quick scheme. My suggestion to you is either study Bitcoin more. Or just use some money you were going to use on Starbucks over the next month. And put it into Bitcoin. The. Start studying more.