Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Lucius on August 18, 2024, 04:13:26 PM
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If we're going to be honest, the thing that is most talked about and written about when it comes to Bitcoin is the price, so accordingly the question can be raised as to how much the price is actually a decisive factor in the decision to invest in it. What I have noticed over the years is that most people look at numbers from a perspective that is obviously acceptable to them much more than it really makes sense.
Let's take for example an offer that would be put in front of a new Bitcoin investor. This investor plans to invest approximately $2500 in cryptocurrencies and is looking for advice - for that amount he is offered 0.04 BTC or 1 whole coin (no matter what it's called). Will that investor decide that it is better to buy one whole coin or will he still decide to buy only 4% of BTC?
I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
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Well! They say around here that this type of situation or context is "conchita de mango".
The facts are there so, it is not about going around the issue from other angles, the fraction in this case is the best option, read well the best, not the only one, since for this mental exercise we are talking about hypotheticals.
So, it is a question of the nature of the individual and how much he is informed, someone with skills for trade definitely makes the investment profitable where he puts his money, on the other hand a neophyte who only sees the shine of the whole, that is, the absolute value ignores the portions.
From my point of view, your idea is very misleading and even naive. That is, we fall into the idea of; "what weighs more a kilo of feather or a kilo of gold". And even more so when you polarize the idea to "the currency does not matter".
but...
Finally, it is a good educational exercise in learning the non-decisions that must be made in the investment process.
:)
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I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
Hmm that so sad, but I've seen many more stupid decisions on those days by different people with greed. Anyway there was a little exposure to this market in those days haha so there's nothing to regret just don't repeat the similar mistakes in order to service in this financial market. TBH the speculated potential of crypto market says you are not late, even you are the early ones so grab the opportunity even though there's high risk. No one knew the possible gains of Bitcoin in those days.
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I believe that there is nothing wrong with diversifying, which simply means that that amount of money can be divided into two parts or more, where the first part can be invested in bitocoin alone, while the rest of the money can be divided and invested on or into several young and promising crypto assets.
It is important we all know that Altcoins can make alot of profit too for investors if the investors did their home work really well, the risk is higher in terms of chances of losing money, but then, if the trade is won, the reward is always worth the risk.
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Yes, this is an unfortunate fact. Personally, I was subjected to such a situation and the decision was wrong, but now after I got enough experience if I had the option again, I will buy bitcoin even if the quantity is less.
Certainly, new investors in the market will prefer to search for Altcoins or shitcoins because they think that they will achieve a quick profit, unaware of the high risks that they will be exposed to and that may lead to the loss of their money, but we cannot blame them because everyone is looking for a quick profit.
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$2500 is not too big, but enough to make an investment.
I do love Bitcoin, but there are a few things that make me exclude it from the list when I have very little funds on hand.
I would choose to invest in other altcoins or diversify into the top altcoins with higher upside potential.
Start trading in the short term to take some profits so that it can be $5000 or even more and then from those profits I can use 50% to invest in bitcoin for the long term and there is still the remaining half to start another trade.
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Now is the best time for me to hold bitcoin because bitcoin is only around 50 to 60 thousand if you do market analysis throughout the year you can understand when to buy bitcoin in my opinion bitcoin is best if you buy bitcoin between August and October. It is good because by the end of 2024 the price of bitcoin will rise but by 2025 there is a possibility that bitcoin will reach 100000 dollars so in my opinion if you want buy and hold bitcoin now and be self sufficient.
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Yes, this is an unfortunate fact. Personally, I was subjected to such a situation and the decision was wrong, but now after I got enough experience if I had the option again, I will buy bitcoin even if the quantity is less.
i am not in a hurry because i am not thinking of bitcoin as my job it is an investment and i am aware that my daily needs should come from somewhere else hence why it is okay for me to accumulate bitcoin slowly but surely i am not happy with how much i have right now but it does not mean it is all i will have in the future
Certainly, new investors in the market will prefer to search for Altcoins or shitcoins because they think that they will achieve a quick profit, unaware of the high risks that they will be exposed to and that may lead to the loss of their money, but we cannot blame them because everyone is looking for a quick profit.
if you know how to manage risks then by all means go ahead and do it but if you are a new investor you might expect all the coins you encounter to be successful but sooner you will just realize that it is not indeed true i pick bitcoin because it has stayed and it will stay for a long time
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if you know how to manage risks then by all means go ahead and do it but if you are a new investor you might expect all the coins you encounter to be successful but sooner you will just realize that it is not indeed true i pick bitcoin because it has stayed and it will stay for a long time
Unfortunately, most new investors entering the market do this, and then discover their mistake after it's too late and after they suffer a huge loss or lose their money.
The problem is that most investments have become dependent on media hype. We see many shitcoins that were pumped into the media and then faded away after a short period. New investors are not looking for reliable and strong projects, but unfortunately they only follow the media hype.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
I think most of us who are not actually experienced investors in the first place had undergone the same kind of thing when we first saw Bitcoin even back the time when the price was not yet that high. And it is because we really don't know that eventually the price will be reaching as it is now...we could not predict the future so there is always that fear inside of us as money we have is hard-earned and as much as possible we are avoiding the possibility of loss. And remember that cryptocurrency industry is mired with hypes, half-lies and so many exaggerations so it is also difficult especially to newcomers to decide the right way. Lucky are those who brave the way and really stake their lot as they are now enjoying the fruits of their Bitcoin investments.
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Price is definitely a factor, i've seen few people assume they must buy 1 whole Bitcoin. People also more used to see natural number (1, 2, 3, ...), so looking at fraction (especially value under 1) feels weird. It's one of reason Bitcoin community should consider smaller unit (such as mBTC or bits).
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
Same here. I personally regret not buying from those days because Bitcoin that time I think was $300-$400 dollars when I first knew this new digital money. I was too skeptical of it before because I heard a lot of negative things like scam but thta decision to not embrace Bitcoin that early would make me miss that opportunity to make good fortune or even make me achieve financial freedom. But nowadays we only wish to buy when there is pullbacks which is way too high compared what price we got in 2014 but we are still hoping to get good profit even in this high prices.
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If we're going to be honest, the thing that is most talked about and written about when it comes to Bitcoin is the price
Yeah. Discussions about the price of Bitcoin is the most speculated about it because it has already created existence awareness and has achieved great volumes of adoptors so, users are more concerned about it potentials such as the price values where investors and traders are expected to be a store of values and basically how to make good profits as source of incomes potential it portrays.
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Yes, this is an unfortunate fact. Personally, I was subjected to such a situation and the decision was wrong, but now after I got enough experience if I had the option again, I will buy bitcoin even if the quantity is less.
Certainly, new investors in the market will prefer to search for Altcoins or shitcoins because they think that they will achieve a quick profit, unaware of the high risks that they will be exposed to and that may lead to the loss of their money, but we cannot blame them because everyone is looking for a quick profit.
We've had to go through many bullruns and bearsleeps to understand the BTC value for long-term investment portfolios. The quantity of BTC in portfolio doesn't matter, whether it's 1 or 0.01 BTC. We should only focus on the returns BTC can generate from the capital we've invested.
Many people say that BTC is too expensive even though they know they can buy $10 worth of BTC on Binance. What they mean is that BTC price is too high and the growth potential isn't as great as many other ALTS. That's a sign of a lack of experience in the crypto market ^^
I've been DCA BTC throughout the crypto winter, which reaffirms my belief in BTC value. However, at the moment, if I had $2.5K, I wouldn't choose BTC but would buy a few ALTS at low price zones such ATOM, DOT, ARB, PYTH... I believe that the rise of BTC will trigger an altseason in Q4 2024 or Q1 2025 and these potential ALTS will generate higher returns, especially since I think BTC price can only reach $150K-$170K in this cycle.
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Same story line and same mistake. Infact it seems that everyone is a victim of this mistake. Either you made the mistake yourself or you were wrongly advised. I met bitcoin somewhere around 8k dollars, I was told it was too expensive and I invested in random altcoins which later disappeared into thin air but yet bitcoin is standing tall. The BTC price is indeed high, but it might be higher in few months or years time. I would advise to get BTC with DCA method.
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while its more practical to just invest in that 0.04 BTC for its assurance of price spike in the future. the investors are still going to consider looking into the market condition whether its good time to invest or not. its just a matter of when to get into crypto whether BTC or altcoin it won't matter as long as its the right time to invest.
i would lean more in investing in BTC when its bear market though, just DCAing the extra amount but i can go spend that $2500 to an altcoin if the price is already ready to shoot up while the bull market is beginning.
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Most investors do that mistake and no matter what they'll keep repeating that mistake as new investors of Bitcoin. They don't know much about DCA method or accumulation of Bitcoin overtime and that's why they often consider 0.01 or 0.001 not an amount of Bitcoin.
If they understand well about DCA method and 2-4 years accumulation then they will always go for Bitcoin rather than thinking that they're initially only accumulating 0.00x amount of Bitcoin not a whole Bitcoin.
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Most investors do that mistake and no matter what they'll keep repeating that mistake as new investors of Bitcoin. They don't know much about DCA method or accumulation of Bitcoin overtime and that's why they often consider 0.01 or 0.001 not an amount of Bitcoin.
If they understand well about DCA method and 2-4 years accumulation then they will always go for Bitcoin rather than thinking that they're initially only accumulating 0.00x amount of Bitcoin not a whole Bitcoin.
Well said mate I will say in this regard that most us things that in the initial time that may be the big investment will make the big profit other wise we can't make anything with the small investment. And this is the biggest wrong thing we thought in the past because DCA investment is also a best way to investment on bitcoin and have profit and I have also in profit right now with my DCA investment. I think for the general peoples like us there is nothing better option with out using DCA investment on bitcoin.
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I've been DCA BTC throughout the crypto winter, which reaffirms my belief in BTC value. However, at the moment, if I had $2.5K, I wouldn't choose BTC but would buy a few ALTS at low price zones such ATOM, DOT, ARB, PYTH... I believe that the rise of BTC will trigger an altseason in Q4 2024 or Q1 2025 and these potential ALTS will generate higher returns, especially since I think BTC price can only reach $150K-$170K in this cycle.
Yes, this is a good strategy, since Bitcoin is hard to go more than 3x higher while some altcoins can go more than 10x higher when Bitcoin peaks and the altcoin season starts.
Most of those who missed out on buying Bitcoin at a low price will resort to such a strategy to make up for the opportunity, but you should be aware of the risks of this strategy and only invest in altcoins that have proven to be reliable in the long run.
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~snip~
From my point of view, your idea is very misleading and even naive. That is, we fall into the idea of; "what weighs more a kilo of feather or a kilo of gold". And even more so when you polarize the idea to "the currency does not matter".
but...
Finally, it is a good educational exercise in learning the non-decisions that must be made in the investment process.
:)
It's not an idea, but just a question that I personally never had a problem with, because maybe in the very beginning I had little doubts about investing in BTC or altcoins, but later there were no more doubts. I deliberately didn't mention the altcoin I was referring to because I don't want this discussion to turn into whether Bitcoin is a better or worse choice than some altcoins, but I guess everyone knows exactly what I meant.
Maybe some things are clear to you or me (and most forum members), but if we take into account that at least 95% of people in the world have never owned any cryptocurrency, I don't doubt for a moment that the majority will choose the cryptocurrency that is cheaper and for which will be able to say that they bought some kind of round amount (1, 5, 10), but 0.01, 0.005 and similar.
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I'd probably invest $1k - $1500 worth of Bitcoin and then the rest will be in plain cash and few altcoins. I won't invest into random altcoins because they're too risky. But it's fine to invest the entire fund to Bitcoin if you don't want to have an headache and that's a better strategy that I have proven to myself. And because of the volatility of the market, I might just pick some ticket altcoin for a random lottery in my mind that could grow a lot.
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I'd probably invest $1k - $1500 worth of Bitcoin and then the rest will be in plain cash and few altcoins. I won't invest into random altcoins because they're too risky. But it's fine to invest the entire fund to Bitcoin if you don't want to have an headache and that's a better strategy that I have proven to myself. And because of the volatility of the market, I might just pick some ticket altcoin for a random lottery in my mind that could grow a lot.
If you go for the top cap Altcoins is as same as investing in Bitcoin. I will rather prefer you go for bitcoin because you will be safe if the market eventually goes against you, but if it is the high cap altcoins, when the market is in your favor you will gain much and when it is against you you will lose as much as you would have gained. Bitcoin is the safest place to be even if it will not give you much returns it will also not drain you eventually. All you need is patience, whenever the market reverses Bitcoin must surely turn up for you.
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Price plays major role when it comes to investment but people just ignoring Bitcoin because it's expensive doesn't make sense they can invest any amount they want to.
Regarding your question I will go with calculated risk, $2000 for Bitcoin HODL and the remaining $500 on one or multiple altcoins that is currently doing well at the moment, I won't go for the established ones just for the investment purposes alone cause Bitcoin outgrown ETH, LTC or any best altcoins we can name for all these years.
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I believe that there is nothing wrong with diversifying, which simply means that that amount of money can be divided into two parts or more, where the first part can be invested in bitocoin alone, while the rest of the money can be divided and invested on or into several young and promising crypto assets.
To be honest, I wouldn't call that a real diversification because all those altcoins still depend mainly on bitcoin so in the end its much safer to just invest in bitcoin.
On the other hand, real diversification is when you invest in something that is not so closely relient on bitcoin like for example gold or real estate and its not a bad thing at all.
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If it is an investor entering crypto for the first time, most likely his first choice will be an altcoin, not because of the amount, but because of the greater potential growth. Bitcoin will certainly not go 300% or more soon, while some altcoins certainly can. And that's what attracts newcomers to crypto, easy and fast money.
Later, with time and gaining experience, the majority turned more to Bitcoin as a stable currency.
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I believe that there is nothing wrong with diversifying, which simply means that that amount of money can be divided into two parts or more, where the first part can be invested in bitocoin alone, while the rest of the money can be divided and invested on or into several young and promising crypto assets.
To be honest, I wouldn't call that a real diversification because all those altcoins still depend mainly on bitcoin so in the end its much safer to just invest in bitcoin.
On the other hand, real diversification is when you invest in something that is not so closely relient on bitcoin like for example gold or real estate and its not a bad thing at all.
The problem with altcoins is that most of them are based on a pump&dump scheme, and if we take into account that most crypto investors are young and inexperienced people who do not know how to choose the moment for entry and exit, then it is not surprising that few get rich and most lose money.
In the long term, BTC has proven to be the only cryptocurrency that has continuity, purpose and is an excellent hedge against inflation. However, we should never lose sight of the fact that all eggs should not be kept in the same basket, which means exactly what you wrote - diversification into various assets independent of each other is the only thing that makes sense.
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I think for the general peoples like us there is nothing better option with out using DCA investment on bitcoin.
Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.
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In the long term, BTC has proven to be the only cryptocurrency that has continuity, purpose and is an excellent hedge against inflation.
If not that BNB is centralized, it would have been there also. I think only it and bitcoin has gotten to all-time high among other coins. Ethereum, Solana that was hyped and others coins have not made it to all-time high while some like Polygon have been disappointing. What I have also know is that bitcoin remain the best among the coins if looking for long term holding.
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@_act_, I would not agree that this token can be put (not even close) in the same sentence as BTC - because the company that "invented" it is in trouble all over the world due to non-transparent business, KYC avoidance and money laundering, its former CEO is in prison and paid over $4 billion in fines in the US alone.
The only cryptocurrency that was invented with the purpose of actually being a cryptocurrency is Bitcoin, all the others exist only to make their owners rich - show me one of them that did something similar to Satoshi?
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The only cryptocurrency that was invented with the purpose of actually being a cryptocurrency is Bitcoin, all the others exist only to make their owners rich - show me one of them that did something similar to Satoshi?
No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.
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No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.
Yes, that's very true, no developer of a coin can be like Satoshi Nakamoto because he created Bitcoin to show his support of decentralization and wasn't interested to get rich because of Bitcoin. It was basically a vision and now it's the most successful and backbone project of the crypto world.
Rest of the developers created their own coins because they wanted to be rich or to gain more recognition by public so they can be famous but Satoshi never shown any details about himself because he created Bitcoin with hope that someday decentralization lovers can trade goods without any interference from centralized authorities.
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This has to be something that is quite important for a lot of new investors but definitely not for old investors. You have to realize that this is something that takes a good bit of time and because of that I do not think that it is going to be easy to figure all of this out right away. I mean its clear that we are going to see something changing, and because of that I believe that it is going to be hard to handle all of this as well. In the end, if we are talking about new investors, they are only getting in with FOMO and its very rare for a new investor to have DCA and long term in mind when they are first starting out.
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Most of the newbies still don't understand the dominance of BTC in the market or they grossly underestimate it. If they can see a lot of altcoins that are under $1, it's not a surprise that a lot of them will most likely view BTC as expensive. It's usually the faster horse that attracts them and this was even more highlighted during the massive pumps of various memecoins and NFTs. Who needs bitcoin when a token could literally fly 100x in a short time right? ;D
For the poll, if $2,500 is all I got to invest at this time, I'd rather split it with $2K for BTC and $500 on two low cap altcoins.
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Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.
I liked the DCA strategy for making investment because it doesn't need much knowledge you have know the basic knowledge to buy bitcoin and hold that amount.
And there is another big reason is to hold bitcoin by dca because we can mange the risk factor by this. And I am sure that most of the holder who know once the positive sites of the dca those will catch this instead of the day trading.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Its funny to see that people choose a coin on the basis of more numbers. With $2500 they can get a lot of memecoin choose any and they will only get 0.04 Satoshi with this amount. What will they choose memecoin or BTC? The decision should not be hard because caring about numbers only is not a good factor.
We should utilize methods to minimize risk and maximize profit. At start, I also thought more crypto tokens were better than having fewer but with time when I realized the token in numbers doesn't matter but token price matters. If a token is lesser volatile the profit and loss will be lower and if a token is highly volatile like BTC in the long run then we can make high profit in the long run.
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Most of the newbies still don't understand the dominance of BTC in the market or they grossly underestimate it. If they can see a lot of altcoins that are under $1, it's not a surprise that a lot of them will most likely view BTC as expensive. It's usually the faster horse that attracts them and this was even more highlighted during the massive pumps of various memecoins and NFTs. Who needs bitcoin when a token could literally fly 100x in a short time right? ;D
Those who look at the price of 1 BTC will always at first think that $60k is too expensive, and when you tell them that they can buy for a few tens of $, then they are very quickly disappointed with the amount they get for it. Most see this whole cryptocurrency thing as a way to get rich overnight, but all those social media stories about how someone made millions from $100 are just part of the strategy of those who invent new altcoins.
For the poll, if $2,500 is all I got to invest at this time, I'd rather split it with $2K for BTC and $500 on two low cap altcoins.
It makes sense, you can always hope that at least one of those two altcoins will pump x100 at some point - and even if that doesn't happen, you'll probably make up that $500 when the price of BTC only goes up 25% ;)
No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.
BTC was the first, and what everyone else wanted with their projects, let everyone decide for themselves. I'm not saying that they all went in the direction of personal profit, but many projects that were created after Bitcoin have long since failed, and in 5-10 years, very likely 90% of all crypto projects that exist today will not exist or will not be relevant at all.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
I can see by the result of voting that most of the people are interested in buying BTC because in the long run, we know it will give us more than 5x and that's for sure I mean the risk is way lower in BTC than ALTs because alts pose the threat of rug pull and going down to zero due to the mistakes of the team.
Because not every project has a good team behind it. So if I am getting 0.04 BTC and the amount is not needed like for day-to-day expenses, then I will surely prefer to buy BTC instead of any alts, but if my mind keeps telling me to take some risk because risk brings more gains (also more loss as well) then I will invest half in BTC and half in an alt which I think can make me more money in shorter time. As I missed such opportunities lately that's why I might prefer alts as well.
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Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.
I won't majority peoples belong us who are belong to do DCA method but I will say the people who are trusting in the DCA strategy those are the people are experienced in crypto and know that DCA is the best method to make guaranteed profit in long-run. I have tried the short term and do some time short term trading but the loss in short trading is high against the long-term trading and about the DCA I don't have loss right now.
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Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.
I won't majority peoples belong us who are belong to do DCA method but I will say the people who are trusting in the DCA strategy those are the people are experienced in crypto and know that DCA is the best method to make guaranteed profit in long-run. I have tried the short term and do some time short term trading but the loss in short trading is high against the long-term trading and about the DCA I don't have loss right now.
Agree with you, DCA is the best method we can do to gradually increase our crypto assets. Because not everyone has a large capital for investment, we can get money from trading or oin bounty and do DCA to increase our coin collection.
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Bitcoin has an expensive price now and I make sure to choose Bitcoin with a capital of $ 2500 but if I want to immediately double my capital I can choose other altcoins such as Fantom, for example:
-Bitcoin 0.04 = $ 2500 (rate $ 63,000)
-Fantom 1500 = $ 2500 (rate $ 0.5)
Bitcoin if you want to double it must touch the price of $ 126,000 (so much expensive). Fantom if you want to double it must touch the price of $ 1 (this normal price).
This calculation may not be standard but Bitcoin has the trust as a crypto currency that must be owned, while Fantom is an altcoin that can Pump at any time and can also Dump or Fantom can also become a Dead coin.
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Because not every project has a good team behind it. So if I am getting 0.04 BTC and the amount is not needed like for day-to-day expenses, then I will surely prefer to buy BTC instead of any alts, but if my mind keeps telling me to take some risk because risk brings more gains (also more loss as well) then I will invest half in BTC and half in an alt which I think can make me more money in shorter time. As I missed such opportunities lately that's why I might prefer alts as well.
~snip~
Bitcoin if you want to double it must touch the price of $ 126,000 (so much expensive). Fantom if you want to double it must touch the price of $ 1 (this normal price).
In other words, if you are going to be safe, you will choose BTC, and if you want to gamble, then you will choose altcoins. Investing in them in the long term makes little sense and is a really big gamble, in the short term it makes sense if you know when it's time to exit.
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In other words, if you are going to be safe, you will choose BTC, and if you want to gamble, then you will choose altcoins.
Even though investing in bitcoin is way less risky than investing in altcoins, I don't think that people should look at investing in bitcoin as being safe. There is always a chance of something bad happening to bitcoin that can affect the price greatly (some kind of exploit, governments going hard against it etc) and people should be aware of it.
Having said that, I do have vast majority of my savings in bitcoin and I keep getting more. ;D
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
In fact at that time it was not predicted that the price of Bitcoin would be so expensive. $1k was a huge amount at that time so it was also very expensive in the context of that time. So there is no point in blaming ourselves for this. Financial conditions prevent us from buying and holding large amounts of Bitcoin at that time those who are financially strong are still able to buy whole bitcoins. Being middle class we always miss out on various opportunities. That's why the rich always stay rich and the poor stay poor. It is a cycle of the whole world
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
In fact at that time it was not predicted that the price of Bitcoin would be so expensive. $1k was a huge amount at that time so it was also very expensive in the context of that time. So there is no point in blaming ourselves for this. Financial conditions prevent us from buying and holding large amounts of Bitcoin at that time those who are financially strong are still able to buy whole bitcoins. Being middle class we always miss out on various opportunities. That's why the rich always stay rich and the poor stay poor. It is a cycle of the whole world
I like your opinion, the rich will always be rich and the poor will always be poor because they have worries and do not have the luck like the rich who dared to take the decision at that time by buying bitcoin at $ 1 and holding it. If we had money and luck, maybe we would have bought bitcoin at that time, unfortunately we did not and we remain middle class
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Because not every project has a good team behind it. So if I am getting 0.04 BTC and the amount is not needed like for day-to-day expenses, then I will surely prefer to buy BTC instead of any alts, but if my mind keeps telling me to take some risk because risk brings more gains (also more loss as well) then I will invest half in BTC and half in an alt which I think can make me more money in shorter time. As I missed such opportunities lately that's why I might prefer alts as well.
~snip~
Bitcoin if you want to double it must touch the price of $ 126,000 (so much expensive). Fantom if you want to double it must touch the price of $ 1 (this normal price).
In other words, if you are going to be safe, you will choose BTC, and if you want to gamble, then you will choose altcoins. Investing in them in the long term makes little sense and is a really big gamble, in the short term it makes sense if you know when it's time to exit.
What you say is true,
Bitcoin = Safe
Altcoins = risk/gamble
But referring to what you say too, then I will conclude for myself:
Bitcoin = safe = long term
Altcoins = risk/gamble = short term
In the end of the two choices between Bitcoin and Altcoins is looking for profits and minimizing losses from the effects of Bitcoin and Altcoins' trading effects, isn't it like Lucius?
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The only cryptocurrency that was invented with the purpose of actually being a cryptocurrency is Bitcoin, all the others exist only to make their owners rich - show me one of them that did something similar to Satoshi?
No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.
Sathosi is already rich, because he still has a lot of bitcoin in his wallet. So I think nothing is free, although we must realize that without sathosi with his bitcoin we would never have known crypto currency. Because bitcoin is the pioneer of crypto. But I disagree if sathosi is not rich, I think he is very rich right now.
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I like your opinion, the rich will always be rich and the poor will always be poor because they have worries and do not have the luck like the rich who dared to take the decision at that time by buying bitcoin at $ 1 and holding it. If we had money and luck, maybe we would have bought bitcoin at that time, unfortunately we did not and we remain middle class
Discussing the mental differences between rich and poor people, we can actually see rich people who remain calm because they have a lot of money and what is used as capital for investment is not much compared to their wealth. While poor people may have the only wealth used for investment, of course they are afraid of losing it.
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In other words, if you are going to be safe, you will choose BTC, and if you want to gamble, then you will choose altcoins.
Even though investing in bitcoin is way less risky than investing in altcoins, I don't think that people should look at investing in bitcoin as being safe. There is always a chance of something bad happening to bitcoin that can affect the price greatly (some kind of exploit, governments going hard against it etc) and people should be aware of it.
Having said that, I do have vast majority of my savings in bitcoin and I keep getting more. ;D
That possibility always exists, that's why it's not really wise to keep all your eggs in the same basket, but if something bad happens with BTC, the entire crypto market will sink like the Titanic. However, I think that BTC is quite safe for now because they managed to profile it as something you invest in to make a profit, and less and less as a cryptocurrency, which is actually the biggest problem for those in power.
In fact at that time it was not predicted that the price of Bitcoin would be so expensive. $1k was a huge amount at that time so it was also very expensive in the context of that time. So there is no point in blaming ourselves for this. Financial conditions prevent us from buying and holding large amounts of Bitcoin at that time those who are financially strong are still able to buy whole bitcoins. Being middle class we always miss out on various opportunities. That's why the rich always stay rich and the poor stay poor. It is a cycle of the whole world
I would not agree if some people did not already then speculate that the price of BTC would one day be quite high, only they were a silent minority that few wanted to hear. I agree that $1000 was a lot of money for some back then, but it's the same today - but don't forget that in 2015 the price of BTC was around $200 for a long time, and in mid-2016 it was only $400 - that's really ridiculous compared to today.
I will say again that maybe this is an amount that some could not afford, but BTC has been cheap for too long for them to say that the "poor" could not afford it.
~snip~
In the end of the two choices between Bitcoin and Altcoins is looking for profits and minimizing losses from the effects of Bitcoin and Altcoins' trading effects, isn't it like Lucius?
I'm a bit old-fashioned when it comes to all this, because I was attracted to Bitcoin for other reasons, not exclusively profit, but later I saw that it can be an excellent hedge against inflation and value preservation. Let's just say that 99% of all my early altcoin investments failed long ago, so I focused on BTC.
Sathosi is already rich, because he still has a lot of bitcoin in his wallet. So I think nothing is free, although we must realize that without sathosi with his bitcoin we would never have known crypto currency. Because bitcoin is the pioneer of crypto. But I disagree if sathosi is not rich, I think he is very rich right now.
Being rich and not using that wealth is not the same. All those coins that he "owns" are just the result that someone had to start the whole thing, but it is far from the fact that Satoshi wanted to be rich, or that there is even the slightest indication that he will ever consume that wealth.
Even if he wants it one day, the problem is that any transaction from addresses that are considered his would cause a real panic and crash the price of BTC.
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I like your opinion, the rich will always be rich and the poor will always be poor because they have worries and do not have the luck like the rich who dared to take the decision at that time by buying bitcoin at $ 1 and holding it. If we had money and luck, maybe we would have bought bitcoin at that time, unfortunately we did not and we remain middle class
Discussing the mental differences between rich and poor people, we can actually see rich people who remain calm because they have a lot of money and what is used as capital for investment is not much compared to their wealth. While poor people may have the only wealth used for investment, of course they are afraid of losing it.
The difference between the rich and the poor in terms of investment is not about luck. Nakmantu99 has said it, it is because the rich has enough to take care of their daily needs. So they will remain calm and even forget about their investment even if such investment has given them up to 50% return.
But the poor will always be scared. Infact if there is only 5% return of investment, the poor will immediately withdraw both the profit and the capital. So this panic because of lack of money in the side of the poor man always make them lose out in such good investment. Even when they join early, they will also exit very early before the investment will mature.
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~snip~
In the end of the two choices between Bitcoin and Altcoins is looking for profits and minimizing losses from the effects of Bitcoin and Altcoins' trading effects, isn't it like Lucius?
I'm a bit old-fashioned when it comes to all this, because I was attracted to Bitcoin for other reasons, not exclusively profit, but later I saw that it can be an excellent hedge against inflation and value preservation. Let's just say that 99% of all my early altcoin investments failed long ago, so I focused on BTC.
Indeed you are legendary and I respect you. Bitcoin is now for those who have more funds, it seems not to be sought for profits but is sought in terms of technology. Only a script with small writing on a computer/smartphone but can be worth millions of dollars.
You are in an old investor because you have experienced a decrease in assets to -99% of Altcoins and now a valuable experience to focus on Bitcoin. I also have to learn from your experience because I am sometimes tempted by the existence of new altcoins that give a lot of apy bonuses but only one to six months turned into a scam.
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Indeed you are legendary and I respect you. Bitcoin is now for those who have more funds, it seems not to be sought for profits but is sought in terms of technology. Only a script with small writing on a computer/smartphone but can be worth millions of dollars.
Legendary is just the rank I reached on BTT and teleported to this forum because there is such a possibility, but I don't consider myself a legend considering those people who were with Bitcoin in the first months and years when it was the hardest. As for profit, I think that there is still room for it when it comes to BTC, of course not as before - but if we are talking about the period of the next 5-10 years, then my speculation is that the price will also increase in that time period at least 5-10 times.
You are in an old investor because you have experienced a decrease in assets to -99% of Altcoins and now a valuable experience to focus on Bitcoin. I also have to learn from your experience because I am sometimes tempted by the existence of new altcoins that give a lot of apy bonuses but only one to six months turned into a scam.
Listen, there are probably some altcoins that are worth a few $ today, and in a few years will be worth a few hundred $ (or maybe a thousand $) - just in that huge crowd it's hard to detect those that will survive long enough to reach that value. You can always try to invest in some, but only with the amount you can afford to lose.
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The difference between the rich and the poor in terms of investment is not about luck. Nakmantu99 has said it, it is because the rich has enough to take care of their daily needs. So they will remain calm and even forget about their investment even if such investment has given them up to 50% return.
But the poor will always be scared. Infact if there is only 5% return of investment, the poor will immediately withdraw both the profit and the capital. So this panic because of lack of money in the side of the poor man always make them lose out in such good investment. Even when they join early, they will also exit very early before the investment will mature.
I also think rich and poor invest differently because of their financial situation not because of luck. Rich people can wait and be calm when their investments do well because they have enough money for their daily needs. Poor people have different mind and situation mostly they get nervous and withdraw their money as soon as they make little profit because they need it to survive.
This nervousness makes them miss out on making more money in long run. They tend to take their money out too soon even if they invested early and lose out on good opportunities. This shows how important it is to have enough money to make smart investment choices.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
I haven’t even spent up to half a decade since I came to know about bitcoin and since then the price is so huge that it makes me to have that money and want to put all in bitcoin. I trust the investment and the profitability aspect of it, I also have much hope in it, but having a big money and putting all of them in bitcoin is not what I might want to do. There will be a level of financial freedom I will have before I can spend a whole lot of money into bitcoin investment and wait for years to benefit from it. I don’t think I’m in that level now.
And for altcoins, I will also want to try some of them out and want to take the risk of making a whole lot of money from them through guess game and investments. I won’t see not investing and buying lots of bitcoin now when you don’t have that much money to buy more a mistake. You need to have something to give before one can prove a point in this case.
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-snip-
Listen, there are probably some altcoins that are worth a few $ today, and in a few years will be worth a few hundred $ (or maybe a thousand $) - just in that huge crowd it's hard to detect those that will survive long enough to reach that value. You can always try to invest in some, but only with the amount you can afford to lose.
There will always be unexpected surprises in some altcoins that have risen hundreds to thousands of percent, but it has completely gone undetected. But it doesn't hurt to try to do your research because any coin with ongoing development could be a success when altcoin season comes.
And vice versa, even though the coins are in the top 10 list of CMC, it does not guarantee that they will be a Rug pull, like LUNA and FTX which are major events that affect the ecosystem and trust in crypto
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Indeed you are legendary and I respect you. Bitcoin is now for those who have more funds, it seems not to be sought for profits but is sought in terms of technology. Only a script with small writing on a computer/smartphone but can be worth millions of dollars.
....
As for profit, I think that there is still room for it when it comes to BTC, of course not as before - but if we are talking about the period of the next 5-10 years, then my speculation is that the price will also increase in that time period at least 5-10 times.
10x Increase in Bitcoin Price within 10 years, will it really happen?
What factors according to your experience Bitcoin prices can increase 10x within a distance of 10 years?
You are in an old investor because you have experienced a decrease in assets to -99% of Altcoins and now a valuable experience to focus on Bitcoin. I also have to learn from your experience because I am sometimes tempted by the existence of new altcoins that give a lot of apy bonuses but only one to six months turned into a scam.
Listen, there are probably some altcoins that are worth a few $ today, and in a few years will be worth a few hundred $ (or maybe a thousand $) - just in that huge crowd it's hard to detect those that will survive long enough to reach that value. You can always try to invest in some, but only with the amount you can afford to lose.
You mean it is to be ready to lose money when I buy Altcoins. Suppose I buy a PEPE coin with a capital of 1 bitcoin at this time the price of the pepe is $ 0.,0001, someday the price of this PEPE coin can go up to the price of $ 0.01 or can also go down to the price of $ 0.000000001.
When the price of pepe rises, I can get a big profit and when the price of pepe falls too I must be ready to lose 1 Bitcoin from my capital.
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10x Increase in Bitcoin Price within 10 years, will it really happen?
What factors according to your experience Bitcoin prices can increase 10x within a distance of 10 years?
It's not financial advice, just my personal opinion based on past results. In my opinion, the key things are the demand and the fact that BTC has a limited supply that will be reached already at the beginning of the next decade - which means that in less than 10 years only 1% (210 000 BTC) will remain for mining in the next 100+ years.
If we take into account the already mentioned facts and that the demand for BTC is constantly increasing, x10 in the next 10 years does not seem like an unattainable achievement.
You mean it is to be ready to lose money when I buy Altcoins.
~snip~
Every investment has its own risks, with cryptocurrencies they are only more pronounced. With them, it's not just the price as a decisive factor, but also the possibility of someone hacking you or losing access to your wallet or backup. If you invest in land, you will hardly lose it, or if you buy a gold bar and bury it in your basement and cover it with concrete.
@taufik123, for such things you simply need to have experience and a good instinct, or you can go with the logic of buying a lot of alts for little money and hoping that at least one of them will be successful.
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10x Increase in Bitcoin Price within 10 years, will it really happen?
What factors according to your experience Bitcoin prices can increase 10x within a distance of 10 years?
It's not financial advice, just my personal opinion based on past results. In my opinion, the key things are the demand and the fact that BTC has a limited supply that will be reached already at the beginning of the next decade - which means that in less than 10 years only 1% (210 000 BTC) will remain for mining in the next 100+ years.
This calculation is very hexact and I like details like this because I can learn more details about Bitcoin calculations, especially about the benefits that Bitcoin will provide.
Max Supply = 21,000,000 BTC
10 years = 1% (210,000 BTC)
10x increase = from 60,000 USD to 600,000 USD
Is this a picture of the Bitcoin price calculation? Or what do you think?
You mean it is to be ready to lose money when I buy Altcoins.
~snip~
Every investment has its own risks, with cryptocurrencies they are only more pronounced. With them, it's not just the price as a decisive factor, but also the possibility of someone hacking you or losing access to your wallet or backup. If you invest in land, you will hardly lose it, or if you buy a gold bar and bury it in your basement and cover it with concrete.
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Damnnn, what you said is very true, I think I have to continue to be side by side with you so that I can gain knowledge from you.
This really feels true for cryptocurrency because I noticed from various information on social media such as, decline, increase, hacking, fraud from CEX that it is very close and almost every hour I witness something like that in the cryptocurrency circle.
But I also noticed that now investing in land has risks, especially in the rice fields for planting rice or wheat. Sometimes the cost of fertilizer, water irrigation, pests is greater than the price of rice or wheat. This proves that investing in land (rice fields / wheat fields) also has a risk "almost" the same as cryptoccurency. Cmiiw
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I voted (I would rather spend this amount on something else.)
Why this way and not another way? Because I don't think it's right to invest such small money in one thing, even if it's bitcoin or a top altcoin, because the profit there isn't very big but the truth is you don't have to think there, but I'm not one of those people who, having money, still remain stupid and therefore I think that until you have a large sum of 100k++, you have to take risks, but not just stupidly take risks by buying all sorts of junk, but specifically do analytics, but few people want to do this because it's work that can waste a lot of time.
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~snip~
Max Supply = 21,000,000 BTC
10 years = 1% (210,000 BTC)
10x increase = from 60,000 USD to 600,000 USD
Is this a picture of the Bitcoin price calculation? Or what do you think?
Of course, you set some facts and assumed that based on those facts, the price after x years could amount to a certain amount. However, the price is always only within the scope of speculation, because you cannot predict the future.
~snip~
But I also noticed that now investing in land has risks, especially in the rice fields for planting rice or wheat. Sometimes the cost of fertilizer, water irrigation, pests is greater than the price of rice or wheat. This proves that investing in land (rice fields / wheat fields) also has a risk "almost" the same as cryptoccurency. Cmiiw
From an agricultural perspective, the profit from the land is always questionable because of everything you mentioned in addition to weather disasters in the form of drought, floods, hail or strong winds. But what if you buy land in order to sell it in x years when it reaches a higher price, or if you know that one day a highway or railway will pass through that land?
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~snip~
Max Supply = 21,000,000 BTC
10 years = 1% (210,000 BTC)
10x increase = from 60,000 USD to 600,000 USD
Is this a picture of the Bitcoin price calculation? Or what do you think?
....
However, the price is always only within the scope of speculation, because you cannot predict the future.
Speculation and prediction are 2 words that can create probability very high, so that it can create an accurate thing.
But I have see on the telegram channel if there are members who send images from other forums with cartoon symbols predict the price of bitcoin. Strangely, the price of the price of bitcoin was very fitting with the price he had written a few years ago.
Unfortunatelly, I did not screenshot and save the member image. But i just guess, is it possible that he is from the future or he has a lot of bitcoin owners so he can play with the price of bitcoin?
~snip~
But I also noticed that now investing in land has risks, especially in the rice fields for planting rice or wheat. Sometimes the cost of fertilizer, water irrigation, pests is greater than the price of rice or wheat. This proves that investing in land (rice fields / wheat fields) also has a risk "almost" the same as cryptoccurency. Cmiiw
From an agricultural perspective, the profit from the land is always questionable because of everything you mentioned in addition to weather disasters in the form of drought, floods, hail or strong winds. But what if you buy land in order to sell it in x years when it reaches a higher price, or if you know that one day a highway or railway will pass through that land?
Ah yes, wrong I also interpret land for agriculture and not for investment. Maybe I will describe it in detail like this:
Land - Agriculture - rice/wheat/vegetable = short term ( -) because there are effects of pests, floods, snow and other natural disasters.
Land - Agriculture - Rice / wheat / vegetable = short term (+) harvesting vegetables / wheat / rice every 3 months and produces profit.
Land - Holder - Long term Investmenet (+) always gorwth up price of Land because in this world Land is limited.
Bitcoin - Day Trade - Short Term ( -) up and down prices cannot be controlled and every day, even every second always changes the price between minus and plus.
Bitcoin - Staking/Farming = short term (+) harvesting every 24 hours , 1 weeks , 1 month etc.
Bitcoin - Holder - Long Term (+) up and down the price of bitcoin is not a problem because for the long term the price of bitcoin is certain to rise due to a limited supply factor (21,000,000) and many are struggled by various investors, traders or financial institutions.
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for such things you simply need to have experience and a good instinct, or you can go with the logic of buying a lot of alts for little money and hoping that at least one of them will be successful.
Some experiences sometimes don't go with instinct, people who have a lot of experience sometimes don't learn how to manage their crypto and do their research and see if there are any irregularities with the coins they support.
But by using logic and buying a lot of altcoins and then hoping that some of them will rise by thousands of percent, it can be an alternative to prove your luck.
Sometimes altcoins that have a lot of FUDs and start to abandon suddenly jump thousands of percent because of just one event and vice versa.
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I've learned a lot from my experiences with Bitcoin and altcoin investments. This is my first time experiencing the halving and bull run. So far, I've learned that it's better to invest in Bitcoin. If an investor has $2k to invest in crypto, they should consider investing it all in Bitcoin as early as possible, instead of diversifying in altcoins. This is because if you miss the opportunity to sell your altcoin holdings before the Bitcoin halving, you might end up seeing losses in your altcoin investments until the market bounces back by the end of the year or during the bull run.
Personally, I've made several altcoin investments since last year. If I had primarily invested in Bitcoin during that time, I would have a better idea of how much profit I could have made by now.
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I've learned a lot from my experiences with Bitcoin and altcoin investments. This is my first time experiencing the halving and bull run. So far, I've learned that it's better to invest in Bitcoin. If an investor has $2k to invest in crypto, they should consider investing it all in Bitcoin as early as possible, instead of diversifying in altcoins. This is because if you miss the opportunity to sell your altcoin holdings before the Bitcoin halving, you might end up seeing losses in your altcoin investments until the market bounces back by the end of the year or during the bull run.
Personally, I've made several altcoin investments since last year. If I had primarily invested in Bitcoin during that time, I would have a better idea of how much profit I could have made by now.
bitcoin is always a priority investment for everyone who knows cypto, but I don't only invest in bitcoin. I bought bitcoin and some top coins during the bearish season before halving and held them until the bullish season. Because the method I use is diversify and DCA
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Del
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I've learned a lot from my experiences with Bitcoin and altcoin investments. This is my first time experiencing the halving and bull run. So far, I've learned that it's better to invest in Bitcoin. If an investor has $2k to invest in crypto, they should consider investing it all in Bitcoin as early as possible, instead of diversifying in altcoins. This is because if you miss the opportunity to sell your altcoin holdings before the Bitcoin halving, you might end up seeing losses in your altcoin investments until the market bounces back by the end of the year or during the bull run.
Personally, I've made several altcoin investments since last year. If I had primarily invested in Bitcoin during that time, I would have a better idea of how much profit I could have made by now.
bitcoin is always a priority investment for everyone who knows cypto, but I don't only invest in bitcoin. I bought bitcoin and some top coins during the bearish season before halving and held them until the bullish season. Because the method I use is diversify and DCA
That you consider the buying of Bitcoin and other top coins when the market is at its low and holding until the market, especially bulls’ season is a perfect strategy, using diversification and Dollar-Cost Averaging (DCA). Diversification minimises risk by investing in a number of products while investing at fixed intervals using DCA minimises the impact of fluctuating markets. This can enhance potential returns and at the same time reduced risks.
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Sometimes altcoins that have a lot of FUDs and start to abandon suddenly jump thousands of percent because of just one event and vice versa.
That is what we call the risk-to-reward ratio, there's risk involved with such altcoins, and that risk is your profit potential, if you go for the reliability the risk will be lower and the rewards will be potentially lower as well. Such coins make crazy pumps and dumps due to lower liquidity. The events you are posting boost the validity which leads to massive pumps and when even lose the hype similar to the trend the liquidity and volume decrease and coin dumps.
I've seen some dead projects behaving in such manners to attract people in trap.
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Sometimes altcoins that have a lot of FUDs and start to abandon suddenly jump thousands of percent because of just one event and vice versa.
That is what we call the risk-to-reward ratio, there's risk involved with such altcoins, and that risk is your profit potential, if you go for the reliability the risk will be lower and the rewards will be potentially lower as well. Such coins make crazy pumps and dumps due to lower liquidity. The events you are posting boost the validity which leads to massive pumps and when even lose the hype similar to the trend the liquidity and volume decrease and coin dumps.
I've seen some dead projects behaving in such manners to attract people in trap.
The greater the risk, the greater the opportunity to gain profit if we succeed in the investment, if not then we must be prepared to lose. I prefer to invest in altcoin because the profit is greater than bitcoin. but if you want to be safe, bitcoin is the choice for investment.
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Sometimes altcoins that have a lot of FUDs and start to abandon suddenly jump thousands of percent because of just one event and vice versa.
That is what we call the risk-to-reward ratio, there's risk involved with such altcoins, and that risk is your profit potential, if you go for the reliability the risk will be lower and the rewards will be potentially lower as well. Such coins make crazy pumps and dumps due to lower liquidity. The events you are posting boost the validity which leads to massive pumps and when even lose the hype similar to the trend the liquidity and volume decrease and coin dumps.
I've seen some dead projects behaving in such manners to attract people in trap.
The greater the risk, the greater the opportunity to gain profit if we succeed in the investment, if not then we must be prepared to lose. I prefer to invest in altcoin because the profit is greater than bitcoin. but if you want to be safe, bitcoin is the choice for investment.
Indeed, in the field of investment, the level of risk and the level of potential gains are generally correlated. Trading in other supported currencies provides even higher revenues basing on the higher rate of returns, yet poses higher risks in confrontation to the bitcoin. As shown in the case of altcoins, which are more volatile relative to other coins and belong to relatively illiquid markets, extraordinary profitability is achieved when the market meets the expectations, in contrast, if it does not happen, the losses are relatively high.
On the other hand, bitcoin has remained relatively more stable and a safer bet given it is the oldest cryptocurrency and therefore established in the market. Bitcoin is more stable having a greater adoption rate and high liquidity, and therefore the growth potential along with the risks is much more under control. In general, if compared to high risks bitcoins are more effective for investors who prefer security. In more detail, the percentage between altcoins and bitcoin should depend on each person’s risk tolerance and investment objectives.
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People with limited funds should think carefully about investing in BTC. Don't just want to chase big profits so they don't prioritize their more important financial needs. Keep saving your coins. But don't make this a big hope. in your life. Make it an investment without neglecting your life's needs
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People with limited funds should think carefully about investing in BTC. Don't just want to chase big profits so they don't prioritize their more important financial needs. Keep saving your coins. But don't make this a big hope. in your life. Make it an investment without neglecting your life's needs
The necessities of life are the main thing, and we must prioritize them. Invest with free funds, so it will not interfere with finances to meet our living needs. The crypto market is very volatile and difficult to predict.
No one can control the price of bitcoin, although some whales can manipulate it but it is only temporary because the price of bitcoin will return to the role of the market that regulates it.
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People with limited funds should think carefully about investing in BTC. Don't just want to chase big profits so they don't prioritize their more important financial needs. Keep saving your coins. But don't make this a big hope. in your life. Make it an investment without neglecting your life's needs
The necessities of life are the main thing, and we must prioritize them. Invest with free funds, so it will not interfere with finances to meet our living needs. The crypto market is very volatile and difficult to predict.
No one can control the price of bitcoin, although some whales can manipulate it but it is only temporary because the price of bitcoin will return to the role of the market that regulates it.
Agreed, we necessities should take the greatest priority, and when going for any form of investment one should remember that one should not need anything one is investing in. Such preparatory requirements are very valid since the crypto market can be described as unpredictable and highly volatile at times. Despite this, occasional breath buying power hunters exist who has the capacity to bounce the price of a bitcoin in the short run as it will be pulled by natural market tendencies in the long haul. For my part, I believe that given certain circumstances and fundamental analysis of possible risks, we can regain stability in the financial situation and actively play in the crypto world.
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People with limited funds should think carefully about investing in BTC. Don't just want to chase big profits so they don't prioritize their more important financial needs. Keep saving your coins. But don't make this a big hope. in your life. Make it an investment without neglecting your life's needs
In other sense, there should be a form of stability/balancing. When personal needs and investment is been mixed up, then either or both of them suffers. There are ways we can make our investment consistently and also take care of our needs without making things too complicating. Bitcoin price shouldn't be intimidating as you must learn how to work with what you have. Clearly, not everyone can get more than 1 job, so it's ideal to invest what you have gradually and consistently no matter the market condition.
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People with limited funds should think carefully about investing in BTC. Don't just want to chase big profits so they don't prioritize their more important financial needs. Keep saving your coins. But don't make this a big hope. in your life. Make it an investment without neglecting your life's needs
In other sense, there should be a form of stability/balancing. When personal needs and investment is been mixed up, then either or both of them suffers. There are ways we can make our investment consistently and also take care of our needs without making things too complicating. Bitcoin price shouldn't be intimidating as you must learn how to work with what you have. Clearly, not everyone can get more than 1 job, so it's ideal to invest what you have gradually and consistently no matter the market condition.
It is very important to maintain balance and stability of investment in bitcoin investment, since bitcoin grows in the long term, we must make the investment work for a long time, must invest consistently and for this one's will power is important. Having confidence in yourself to hold your investment intact for a long period of time requires an investor to have a guaranteed income, but he can hold his investment for a long time without damaging it.
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It is very important to maintain balance and stability of investment in bitcoin investment, since bitcoin grows in the long term, we must make the investment work for a long time, must invest consistently and for this one's will power is important. Having confidence in yourself to hold your investment intact for a long period of time requires an investor to have a guaranteed income, but he can hold his investment for a long time without damaging it.
Yes, we must still have bitcoin as a long-term asset because history has proven that the price of bitcoin always goes up and is more expensive than in the past. I always invest in bitcoin even though I also have other top coins. because bitcoin is a priority coin for almost all investors.
It seems like we will have a hard time maintaining the balance and stability of bitcoin because we understand the character of the crypto market, but maybe in the future it will be achieved. At this time I only maintain the balance of my crypto assets, which always has bitcoin in my wallet as a counterweight to other altcoin assets. because bitcoin is safer.
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I believe that there is nothing wrong with diversifying, which simply means that that amount of money can be divided into two parts or more, where the first part can be invested in bitocoin alone, while the rest of the money can be divided and invested on or into several young and promising crypto assets.
It is important we all know that Altcoins can make alot of profit too for investors if the investors did their home work really well, the risk is higher in terms of chances of losing money, but then, if the trade is won, the reward is always worth the risk.
Isn't it more effective to have 2 types of coins in this way, bitcoin for long-term investment and altcoin can be used as a short-term investment to seek profit and the profit is transferred to bitcoin so that one day our target of 0.04 BTC will be achieved?
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Isn't it more effective to have 2 types of coins in this way, bitcoin for long-term investment and altcoin can be used as a short-term investment to seek profit and the profit is transferred to bitcoin so that one day our target of 0.04 BTC will be achieved?
There is nothing wrong if you pick altcoins as long term investments but how you do it now depends on the type of altcoin that you bought. As for me, I will hold Bitcoin, solana and BNB as my long term investment along side with Bitcoin because these two coins has had there up and downs but they have strong affinity to draw investors closer to their self no matter the condition of the market.
Apart from these two again, I wouldn't mind investing my money into new altcoins because I have come to understanding of this market is that you have to make use of any opportunity you see regardless of how you view this market and how you feel about other coins. Even if you don't like the coin and the project, if you see a potential in it, use it and take your profits.
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Isn't it more effective to have 2 types of coins in this way, bitcoin for long-term investment and altcoin can be used as a short-term investment to seek profit and the profit is transferred to bitcoin so that one day our target of 0.04 BTC will be achieved?
There is nothing wrong if you pick altcoins as long term investments but how you do it now depends on the type of altcoin that you bought. As for me, I will hold Bitcoin, solana and BNB as my long term investment along side with Bitcoin because these two coins has had there up and downs but they have strong affinity to draw investors closer to their self no matter the condition of the market.
Apart from these two again, I wouldn't mind investing my money into new altcoins because I have come to understanding of this market is that you have to make use of any opportunity you see regardless of how you view this market and how you feel about other coins. Even if you don't like the coin and the project, if you see a potential in it, use it and take your profits.
BNB and solanan are very potential for long-term holding, but it is recommended to hold in one cycle only, because of the risk factor even though these are old coins and have been proven.
because in any case we must consider bitcoin as a priority coin for long-term holding that is more than one cycle. The risk is lower.
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Isn't it more effective to have 2 types of coins in this way, bitcoin for long-term investment and altcoin can be used as a short-term investment to seek profit and the profit is transferred to bitcoin so that one day our target of 0.04 BTC will be achieved?
There is nothing wrong if you pick altcoins as long term investments but how you do it now depends on the type of altcoin that you bought. As for me, I will hold Bitcoin, solana and BNB as my long term investment along side with Bitcoin because these two coins has had there up and downs but they have strong affinity to draw investors closer to their self no matter the condition of the market.
Apart from these two again, I wouldn't mind investing my money into new altcoins because I have come to understanding of this market is that you have to make use of any opportunity you see regardless of how you view this market and how you feel about other coins. Even if you don't like the coin and the project, if you see a potential in it, use it and take your profits.
BNB and solanan are very potential for long-term holding, but it is recommended to hold in one cycle only, because of the risk factor even though these are old coins and have been proven.
because in any case we must consider bitcoin as a priority coin for long-term holding that is more than one cycle. The risk is lower.
It is easier to make very good decisions in the risk/possible return aspect with the Very Low Risk and Very High Return strategy.
We can also act wisely making investments and pay particular attention to each coin particularly.
And if investors give due regard as to the behavior of markets; and employ all the information that is available then the several portfolios will be developed and be constructed suitable to everyone’s long run financial goals and objectives, with certain regard to any form of change. Thus, the way of approach or manage the crypto asset market means that the sufficient planning will be significantly important to respond the volatility.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
Same thing happened to me. I thought I was too late to buy bitcoins at the time of 2019. if I bought bitcoins at that time it was expensive. At the time a bitcoin was worth a little over $6,000. I switched to altcoins instead of buying Bitcoin which was the biggest mistake of my life. If I could have bought a fraction of the bitcoins at that time it would have been very profitable for me today. A small fraction of bitcoins today will be a reason of regret a few years later. Such situations have been seen in the past and will be seen in the future too but those who are smart and take risks will always be able to profit.
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For people who want long-term investment, my advice is to invest in BTC. Where BTC will always provide profits for investors in the long term.
But my advice is for people who only want profits, and don't want to invest too long. then invest in altcoins. because altcoins also provide many benefits for some people. and it all depends on you. What you need to pay attention to, just continue to analyze and make plans for the future and not be rash in making decisions
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
Same thing happened to me. I thought I was too late to buy bitcoins at the time of 2019. if I bought bitcoins at that time it was expensive. At the time a bitcoin was worth a little over $6,000. I switched to altcoins instead of buying Bitcoin which was the biggest mistake of my life. If I could have bought a fraction of the bitcoins at that time it would have been very profitable for me today. A small fraction of bitcoins today will be a reason of regret a few years later. Such situations have been seen in the past and will be seen in the future too but those who are smart and take risks will always be able to profit.
The bitcoin price you mentioned $6,000 is not something expensive because it is currently 10 times. Experience is very valuable if we buy bitcoin when the price is still low and then we hold it for 5-10 years, we will get big profits. I also regret not buying bitcoin when bitcoin was first launched because the price was very low and there was still doubt at that time.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
Same thing happened to me. I thought I was too late to buy bitcoins at the time of 2019. if I bought bitcoins at that time it was expensive. At the time a bitcoin was worth a little over $6,000. I switched to altcoins instead of buying Bitcoin which was the biggest mistake of my life. If I could have bought a fraction of the bitcoins at that time it would have been very profitable for me today. A small fraction of bitcoins today will be a reason of regret a few years later. Such situations have been seen in the past and will be seen in the future too but those who are smart and take risks will always be able to profit.
The bitcoin price you mentioned $6,000 is not something expensive because it is currently 10 times. Experience is very valuable if we buy bitcoin when the price is still low and then we hold it for 5-10 years, we will get big profits. I also regret not buying bitcoin when bitcoin was first launched because the price was very low and there was still doubt at that time.
Well, It is easier to notice great opportunities in retrospective and if we did not seize the opportunity it is not uncommon to think about the lost chance. But it is imperative to note that every investment decision is ever done under risk and uncertainty particularly so when an asset is relatively new. It is better to be wise from this one to be more careful next time when seeing opportunities for the future and be prepared to gather them when the time comes.
In this way, we can also build a more flexible and anticipatory attitude in the future when encountering all kinds of investments. To make less biased decisions we have to prepare a better strategy, try to avoid getting to reliance on speculation and extend our knowledge base. It is more productive to begin to concentrate on what we are able to do from now and forward, that will create the determination to produce better results in the future.
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Some people look at the price before they invest but to some persons the price doesn't matter much to them, what they are after is the amount they are planing to accumulate, price has made some people to change their mind towards Bitcoin investment and to me I see that as a wrong decision, though every individual investor has their decision to make regarding to Bitcoin investment but this price of a thing shouldn't always be the case, yea people consider the price that they are comfortable with before they start their investment in Bitcoin but let's not forget that this can also cause discouragement, for instance what if the price doesn't favour your expectation for a long period of time, will you stil keep waiting, don't you think in the course of waiting you can spend the money meant for the investment, for me price shouldnt be a problem for new or existing investors to starts their journey hence Bitcoin is a long-term investment.
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The bitcoin price you mentioned $6,000 is not something expensive because it is currently 10 times. Experience is very valuable if we buy bitcoin when the price is still low and then we hold it for 5-10 years, we will get big profits. I also regret not buying bitcoin when bitcoin was first launched because the price was very low and there was still doubt at that time.
How can you buy something that you probably didn't even know existed - and besides, there wasn't a single CEX or something similar where you could easily buy BTC. But in the years after, let's say after 2014 and onwards, 1 BTC could be bought for $200 to $400, but until the end of 2017, most people suspected that there could be something serious. Although 95% of people who have access to the internet today still have doubts and would rather buy stocks or government bonds than BTC.
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The bitcoin price you mentioned $6,000 is not something expensive because it is currently 10 times. Experience is very valuable if we buy bitcoin when the price is still low and then we hold it for 5-10 years, we will get big profits. I also regret not buying bitcoin when bitcoin was first launched because the price was very low and there was still doubt at that time.
How can you buy something that you probably didn't even know existed - and besides, there wasn't a single CEX or something similar where you could easily buy BTC. But in the years after, let's say after 2014 and onwards, 1 BTC could be bought for $200 to $400, but until the end of 2017, most people suspected that there could be something serious. Although 95% of people who have access to the internet today still have doubts and would rather buy stocks or government bonds than BTC.
Exactly, As you know when the price of Bitcoin was still cheap and first appeared not everyone could buy Bitcoin easily. Only a few people knew about Bitcoin and could buy according to their wishes. Until finally when the price started to rise above $100, many people started trying to buy Bitcoin. Honestly, I also regret not buying at a cheap price, but there is no point in regretting what has happened. It is better to make it a lesson so that it does not happen again in the future.
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Exactly, As you know when the price of Bitcoin was still cheap and first appeared not everyone could buy Bitcoin easily. Only a few people knew about Bitcoin and could buy according to their wishes. Until finally when the price started to rise above $100, many people started trying to buy Bitcoin. Honestly, I also regret not buying at a cheap price, but there is no point in regretting what has happened. It is better to make it a lesson so that it does not happen again in the future.
It could be because many new people in the crypto world or even lay people are afraid and unable to enter Bitcoin investment because they cannot afford the price. even though you don't need to buy 1 BTC. but many don't know yet that we can buy it even a few or points of 0. And many people think that buying Bitcoin can make them rich in a fairly instant time. and this is what often becomes a mistake in the mindset of beginners in Bitcoin, expectations that are too high in a fairly instant time. and when that does not happen then they will immediately panic and blame Bitcoin so much. Moreover they expect that they have bought it in high price and want to immediately sell the BTC in the higher price again.
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It could be because many new people in the crypto world or even lay people are afraid and unable to enter Bitcoin investment because they cannot afford the price. even though you don't need to buy 1 BTC.
it is not a necessity but it would be obviously preferable if we all could afford 1 btc unfortunately not many of us have that much money to spare but this shall not discourage anyone because you can still build your portfolio slowly it will a take longer time compared to those who have the money right off the bat but at least you are investing in something profitable to succeed is to start somewhere no matter how small of a progress it is
Moreover they expect that they have bought it in high price and want to immediately sell the BTC in the higher price again.
we all expect btc to rise higher even if i buy btc in a relatively high price i am confident to still earn some profits though it will not be instant anyway the best method is to buy cheap and sell it high that is to maximize the profit you will get
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Exactly, As you know when the price of Bitcoin was still cheap and first appeared not everyone could buy Bitcoin easily. Only a few people knew about Bitcoin and could buy according to their wishes. Until finally when the price started to rise above $100, many people started trying to buy Bitcoin. Honestly, I also regret not buying at a cheap price, but there is no point in regretting what has happened. It is better to make it a lesson so that it does not happen again in the future.
It could be because many new people in the crypto world or even lay people are afraid and unable to enter Bitcoin investment because they cannot afford the price. even though you don't need to buy 1 BTC. but many don't know yet that we can buy it even a few or points of 0. And many people think that buying Bitcoin can make them rich in a fairly instant time. and this is what often becomes a mistake in the mindset of beginners in Bitcoin, expectations that are too high in a fairly instant time. and when that does not happen then they will immediately panic and blame Bitcoin so much. Moreover they expect that they have bought it in high price and want to immediately sell the BTC in the higher price again.
People who do not understand the crypto world will see the high price of bitcoin and be afraid because their capital is lacking even though we can buy bitcoin according to the money we have, we don't have to buy 1 BTC, as you suggest we can buy 0.00 according to our ability. buy it immediately rather than waiting for a lot of money, we better buy as much as we can.
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Exactly, As you know when the price of Bitcoin was still cheap and first appeared not everyone could buy Bitcoin easily. Only a few people knew about Bitcoin and could buy according to their wishes. Until finally when the price started to rise above $100, many people started trying to buy Bitcoin. Honestly, I also regret not buying at a cheap price, but there is no point in regretting what has happened. It is better to make it a lesson so that it does not happen again in the future.
Many regret not buying at that time, but all that has passed and the moment when they realized the price of bitcoin was getting higher. And many have done mining at that time, actually we can do it too, by buying equipment to do mining. As I recall we can get free bitcoin from faucets and or buy personally from people who already have it. But forget that bitter story, because there is no point in regretting., We can still seek profit by trading in crypto today.
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Exactly, As you know when the price of Bitcoin was still cheap and first appeared not everyone could buy Bitcoin easily. Only a few people knew about Bitcoin and could buy according to their wishes. Until finally when the price started to rise above $100, many people started trying to buy Bitcoin. Honestly, I also regret not buying at a cheap price, but there is no point in regretting what has happened. It is better to make it a lesson so that it does not happen again in the future.
Many regret not buying at that time, but all that has passed and the moment when they realized the price of bitcoin was getting higher. And many have done mining at that time, actually we can do it too, by buying equipment to do mining. As I recall we can get free bitcoin from faucets and or buy personally from people who already have it. But forget that bitter story, because there is no point in regretting., We can still seek profit by trading in crypto today.
Indeed, very typical and when you fail to invest in bitcoins, seeing its price soar high, a common thing is to regret. But again, these are things that one cannot control and as such it is best to look at what is available today. If mining becomes too cumbersome because of investment in hardware and power, then people can turn to trading in an effort to get profit. That is why, armed with the right information and the ability to read trends in the market, trading lets us turn benefits from the cyclical nature of prices to our advantage. However, gaining extended insights to the analysis of the market and prices also creates the means to generate better long-term profits. It is pointless to regret the lost opportunities, it is still possible to carry on learning more about how to make good of the opportunities that are available in the world of cryptocurrencies today.
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I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.
Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.
I knew too little about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.
Same thing happened to me. I thought I was too late to buy bitcoins at the time of 2019. if I bought bitcoins at that time it was expensive. At the time a bitcoin was worth a little over $6,000. I switched to altcoins instead of buying Bitcoin which was the biggest mistake of my life. If I could have bought a fraction of the bitcoins at that time it would have been very profitable for me today. A small fraction of bitcoins today will be a reason of regret a few years later. Such situations have been seen in the past and will be seen in the future too but those who are smart and take risks will always be able to profit.
I think that you could be created an excellent comment in this post. I also believe that bitcoin price is deciding factor for all investors. If we follow in 2017-2018, we can see that bitcoin price is remain in $6000. Then many investors could hold bitcoin, which will be best profitable for them. We also know that in this time bitcoin price is $62000. I also saw that in this time many investors also invest there profit in bitcoin. Because they believe that it will be best profitable for them. So i believe that within a short time, we can see that bitcoin price will hit $85000. So it will be best opportunity for all investors.
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I think that you could be created an excellent comment in this post. I also believe that bitcoin price is deciding factor for all investors. If we follow in 2017-2018, we can see that bitcoin price is remain in $6000. Then many investors could hold bitcoin, which will be best profitable for them. We also know that in this time bitcoin price is $62000. I also saw that in this time many investors also invest there profit in bitcoin. Because they believe that it will be best profitable for them. So i believe that within a short time, we can see that bitcoin price will hit $85000. So it will be best opportunity for all investors.
Bitcoin price fluctuations are indeed the primary benchmark and presently with the value rising even higher, many are now seeking to achieve long-term returns. Examining the annual trends in the price, one can see why many people still pinned high and increasing investment in Bitcoin believing that it will again spike to a new all-time high soon. This can obviously be a good opportunity for everyone of us who wish to invest with promising profit outlooks.
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I think that you could be created an excellent comment in this post. I also believe that bitcoin price is deciding factor for all investors. If we follow in 2017-2018, we can see that bitcoin price is remain in $6000. Then many investors could hold bitcoin, which will be best profitable for them. We also know that in this time bitcoin price is $62000. I also saw that in this time many investors also invest there profit in bitcoin. Because they believe that it will be best profitable for them. So i believe that within a short time, we can see that bitcoin price will hit $85000. So it will be best opportunity for all investors.
Bitcoin price fluctuations are indeed the primary benchmark and presently with the value rising even higher, many are now seeking to achieve long-term returns. Examining the annual trends in the price, one can see why many people still pinned high and increasing investment in Bitcoin believing that it will again spike to a new all-time high soon. This can obviously be a good opportunity for everyone of us who wish to invest with promising profit outlooks.
Bitcoin’s weekly price predictions based on actual historical changes seem to be quite attractive for long-term investment. If we look at the annual trend investors are convinced that Bitcoin can only go higher is continued to be used to invest. This is a wonderful chance for all of us who expect to see an increase in asset values in the future.