Quote from: JahriMeayer on January 06, 2024, 07:45:06 AM

New altcoins are always risky even you analysis deeply, no guarantee that will last for longer or bring you huge profit. Rather statistics say, bags of altcoins are launching daily but a few among those, get successful and a few from those last for longer. New cryptocurrency could be an opportunity, may change your fate but most of the time new altcoins dump dramatically without reason. That's why better to choice old established altcoins. BCC, Luna were also top altcoins but statistics says, scamming possibility has less in old established currency than others altcoins specially new altcoins. But still people investing in new crypto and aiming for good profit

It is true that an altcoin that has been around for a long time can be a more trustworthy altcoin. Especially if they have built an ecosystem very well. Although some new altcoins also have high potential, it would be better if we were careful and did not invest large amounts of money in new altcoins. Unless we already know that there is a large company supporting this new project. So projects that have strong fundamentals should not fall easily. I prefer to choose layer 1 or 2 altcoin projects. Because the growth of their projects can be seen clearly through the ecosystem they have successfully built.

The best time is anytime. Btc has the potential to keep rising and rising, so it's not a bad long term investment. Only spend what you can afford to spend, but I don't think you'll lose money on an investment unless you freak out and sell if/when a dip happens.

Quote from: Bitcoin_people on January 03, 2024, 05:09:23 AM

Do you think Bitcoin will be able to reach this level before the halving, or will the value of Bitcoin increase or decrease further?

Well, I personally think that, everything about the price of bitcoin is at the moment much centered on whether the spot ETF will get approved or not, and according to some sources online, it is speculated that the first set of Bitcoin spot ETFs will be approved on the 10th of January this year, and this I believe could be the reason for the sharp price increase of bitcoin as soon as we entered the new year.

In conclusion though, not very many people are talking about the coming bitcoin halving, the ETF is right now acting as the main catalyst that will determine the price of bitcoin even before halving happens, if the ETF is approved on the 10th of January as speculated, then we might see the price of bitcoin close to $100,000 even before the halving , or if I should be more conservative, I would say $60,000 to $70,000 before we finally arrive at the halving period.

Quote from: Asiska02 on January 03, 2024, 12:06:51 PM

Quote from: Gladitorcomeback on December 25, 2023, 08:38:05 AM

BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts

I am not opposing or supporting the approval of Bitcoin ETF because it has both advantage and disadvantage in the bitcoin market. If approved, we will have more investors in bitcoin and will increase the adoption of it which is what all bitcoin enthusiasts are looking up to. The core disadvantage I see in this is the effect it will cause to the market, it will make the market breed in an increasingly volatile nature that will make a lot of changes to the price. A project causing a significant change in the market is not appealing to the market and many investors won’t like the idea.

Maybe at first but in the long run, many restrictions will come and it will make the Bitcoin market centralized. Some minutes ago, bitcoin crashed from $45k to $40k, this must be a result of ETF rejection, there are no official updates regarding it yet but I'm seeing some FUD of rejection in some channels circulating the media. This is what I'm talking about, if bitcoin becomes a tool of the government, it will have its completed time and I fear there is going to be more restriction than ever.

Many people want this just because they want US validation and more liquidity but this will not make any difference even if they accept the ETF later in the future, I hope we have an official update from the SEC director to clear the air so as to not manipulate the price of bitcoin and know where bitcoin stands in the united state.

It is not the best time to buy Bitcoin, but it is still good. The best time was a while ago when the price was in the twenties, but of course the opportunity is still good so far.

If the expectations that Bitcoin will reach 100K$ are correct, then the opportunity is certainly still very good.