Is Bitcoin price a deciding factor for new/old investors?

[kai]

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?

[doc]

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.

[doc]

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.

[Lucius]

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. 

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.

[KingsDen]

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.

[kai]

~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.

[Lucius]

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.

[Themepen]

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.

[Asiska02]

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.

[taufik123]

-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

[kai]

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.

[Lucius]

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.

[kai]

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.
.....

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

[Wiseman]

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.

[Lucius]

~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?