Topic: Benefits of investing in Bitcoin (Read 445 times)

It's called a speculation and everybody is free to have a say but I get your point although don't be suprise when you wake up and see Bitcoin at $250k in 2025 and not even 2026 because 2026 is going to be a correction year and not a bull year.

Probably the earliest part of the year can be bullish as the rollover of 2025 bull markets enters the first quarter of 2026 but expect the rest of the year to be bearish. I try not to put a date to my prediction because Bitcoin has a way of always doing things as it please. When everyone were expecting it to hit $100k, it didn't but from no where we saw it happend right in front of our years. Bitcoin moving from $100k to $250k isn't that big of a ROI because we have seen Bitcoin do better numbers than just 150% increase.

I know, but if you could understand my statement there. I mean, Bitcoin can hit $250k, but not necessarily in 2026 as he mentioned.

That means I am well informed that bitcoin is capable of pumping but not that fast as he is thinking because in anything in life it needs time, and we all are hoping for profit, not loss. So I am not against what he said or am trying to say bitcoin cannot hit a certain amount but am against the time that he mentioned.

Never you say Bitcoin can't go to a particular price because everything is possible in the market but it's just the time when our speculations happens is what's slacking and not the actual speculations. We don't hope on seeing Bitcoin decrease but I won't be surprised to see the market correcting to below $20k in the upcoming bear market, we don't know how bad the market is going to be but it'll be bad. It sounds almost impossible for Bitcoin to fall that bad but nothing is impossible over here because just early this year we saw Bitcoin falling to some terrible lows yet it has still been able to achieve another milestone of over $100k. Some people when them dey speculate, then no dey even reason how the market be but just they talk wetin then dey wish and this gives rise to the over optimistic price prediction we always get.

If not for the sake of speculation, I will say both of you don’t know what you are saying. Although you are free to speculate about a good future for bitcoin, it is not that I am disputing the fact that bitcoin will not be able to hit $250k. No, but I don’t think that might happen in 2026. We all know that no matter how bitcoin dumps, it will never go back to $20k or $30k again, but for bitcoin to pump to $250k, then it should be around the next bull run, which is around 2028-2029. 
 
So even when we are trying to speculate on bitcoin, we should speculate on what we know will be possible, not something that is similar to greediness. Because for you to think if you buy a single bitcoin now that is around $103k and get 2x of your money in less than 2 years is not something that might be possible, because for you to have that hope, then you must have the same expectations of the same loss. That is just the fact.

Well,All the statements you made about adopting the DCA strategy in Bitcoin investment are correct, but what is required to invest in the DCA method is a source of income. Not only this investment method but all investment methods require a source of income. Investing in the DCA method may be easy for everyone because this method allows you to start investing with a small amount of money, but the challenge is to prolong the investment. Investors need a source of income to ensure that their investments continue after they start DCA, that is, so that their investments are not disrupted.

Many people start investing without being financially stable, which means that even if they can continue investing for a few days, they cannot sustain it for long. So invest with a source of income and grow it comfortably.

In fact, the main thing to start investing using the DCA strategy na to hold the investment for long, because if you no hold am for long, DCA no go work well. For DCA, you suppose just focus on buying for long term without worrying about market fluctuations, you suppose just buy without minding the market go up or down. All in all, if you invest with DCA, you just need to believe in the future of Bitcoin, and make investment decisions for 7 to 10 years. Because success from DCA go only come when you use DCA to buy Bitcoin regularly for 7 to 10 years and build a good Bitcoin stack. All in all, DCA na simple and effective long-term strategy, especially for people wey new to investing.

The DCA method is not really complicated for someone that wants to take his finances seriously. You just have to keep the funds and when the time is right you chuck on buy without emotions. The DCA method does not care about the price, this is one of the reasons Idaid it's easy and not complicated. The major job is in the ability to ignore the noise and distractions and buy without gread or listening to the voice that will tell you to wait that it will dip further.

Dollar Cost Averaging (DCA) may sound very easy to do when the concept is first been explained to anyone but the real fact about it is that it needs understanding before one can execute and be able to employ it when they’re investing. For a DCA to be successful, you need to have an emergency fund that you can rely on at anytime when an emergency arises. Taking from your already invested money in bitcoin will really affect the DCA you’ve used in buying those tokens. The DCA method is very much easy and when newbies are able to understand it and use it for their bitcoin investment, it will give them a good profit with a very much lower price than the highest price they may have bought  bitcoin for. DCA is for everyone and one just needs to understand the concept of it and then employ it as it’s suppose to be.

I should have some basis to agree with your idea since you have estimated that Bitcoin will hit $250k in 2026 and that is a possibility. Also worth considering is the possibility of dumping. The lesson you can take from the bull run is that Bitcoin is a reliable investment vehicle and if you can hold it and be patient it will give you higher returns. Some investors want to kill themselves selling their fractions when the bulls come and they fail to see the justice with their capital. The reality is that you have to do DCA and for a long time and that will be 4-10 years or more cycles. In this strategy you save and do not involve yourself in short term gambling for extra income. The possibility of dumping or pumping is possible to reduce the risk of Bitcoin savings in any situation and keep saving regularly and continuously without saving with the price movement.

It's like you are forgetting that the Bitcoin market aslo have bear season because after the ATH has been achieved there will definitely be a big DIP although I really don't know how big or down the price will go buy just like you stated $30k would be far fetched but there is nothing impossible and I believe many would be even praying for that kind of price to come as it will give them a leverage to buy more although the scared ones would feel Bitcoin won't recover but that's the opposite of it as Bitcoin would definitely recover.

I would like to add to you, Bitcoin is not something to enjoy, nor is it a fantasy, it is real and true. Each of us has to surrender ourselves to Bitcoin and manage its investment activities and be ever-ready. Many people feel frustrated with the volatility of the Bitcoin market and stop investing when the market goes down even after conducting regular investment activities. The way Bitcoin has led itself to a bull run in the last two months has created a reason to regret all the people who got caught up in the storm or put their investment activities on hold. Those who have been continuing their investment system for a long time are now seeing a sensational chapter of upside potential. I think Bitcoin is unlikely to reach $20k or $30k again, so we should hold Bitcoin for the long term and secure the right to achieve $250k in 2026 with the possibility of a better global economic environment.

@Zackz5000 more of this explanation, I love it, as an investor whose plan in digital investment is concentrated on Bitcoin investment for a long-term , studying the market is like wasting time since you've already accepted the fact that Bitcoin is a long-term investment by involving yourself with DCA method that will help you to nvest continiuosy not minding what the market says at all time, though it all depends on understanding, some people don't really understand this things thats why it's even difficult for them to resist this constant check of the market price of Bitcoin.

Bitcoin has a concept which I have mentioned in some of quotes in this forum, for an investor to accumulate and hodl successfully for a long-term, such investor must be smart to follow the concept of Bitcoin to achieve his or her goal, firstly and investor has to be ready to take up responsibilities, he must understand that you must not invest your all that's even more reason why the DCA method is their, it's advisable for everyone to invest with what they can afford to avoid taking some silly decisions that may be regretted later.
@Zackz5000 your conclusion are right and I believe that they information and knowledge you're passing across will sink to people that need them to excell in Bitcoin investment though thats if they will read through and learn.

Na so dem dey like gist wheneva we enta bull season or wen dem buy before d take off of bull season. Dis same people go curse those who introduced dem to Bitcoin if dem begin lose. Bull season dey cause so much excitement and noise and na wetin we dey see now but d real test dey come for bear season. No matta how high Bitcoin go, e go eva seen bearish moment. Dat wan na certain. It must happen and people should be aware of dat.

That is One of d advantage of BTC, because people don't want to involve in third party before dey can move their BTC from one wallet to another wallet, and it will be difficult for people to no d amount of BTC dey  are hodling at that moment which is d privacy u can enjoy from BTC. D moment u start accumulating BTC in your portfolio and hodl them for long years before u can think of selling them out in d bull run, it will boost your profits which is a good benefits many bitcoiners are benefiting from BTC once dey have d opportunity to accumulate BTC.

For u to be financial buoyant with BTC, u must have other sources of income because leaving all your money in BTC investment, it will not allow u to get what u want immediately from BTC because d price of BTC don't use to pump on d time.

If you are investing only in bitcoin for long time purpose there is not need of always watching the price movement of bitcoin or constantly studying the market unless maybe you put your money into shitcoins which is very much risky to invest on since you are using the DCA strategy to accumulate Bitcoin it will enable you accumulate more Bitcoin small small either weekly or monthly regardless of the price and hodl for long probably 4-10 year and more as long as your discretionary income and emergency fund is available.

I hope you are aware that $1000k is equivalent to $1 million and not $100k, I believe its a typo, but it's worth pointing out. Bitcoin would actually reach there one day, but it would definitely take some time and many cycles to get there. Bitcoin has reached an ATH of over $104k and the price corrected down to a new dip of $95k before returning to the $100k mark as at the time of my contribution. The $80k is still possible, but it wouldn't be in this bull run. Maybe we would wait for a bear run possibly in 2026 to witness bitcoin price dip to that extent. Next year we are speculating that the bull run continues with full force and hopefully we can attain the $150k - $180k mark or even more. All we have to do now is buy and HODL. The profits would definitely be massive.

Yes, that's true my friend, and just as O.P failed to mention in his/her list above, another benefit we stand to gain from investing in Bitcoin is "Inflation Protection" (i.e the ability to avoid been affected by the economic inflation affecting people around your same geographical location. Because, taking myself as an example, we could all know that ever since our new president Bola Admed Tinubu came into power, our Nigerian Naira fiat currency has never been stable, as it constantly depreciate in value with respect to the American dollar. And I could remember investing in Bitcoin when the rate of dollar to Naira was $1 = #700, and now the the value of dollar has skyrocketed to Naira, as it's now value at $1 = #1650.. (which means in less than a year, I have made a massive profit of over #900 Naira per each dollar). Hence, Bitcoin remain the best investment ever.

When comes to bitcoin investment ( I mean buying and holding bitcoin for certain period of time) , newbies don't need any complex knowledge before going into it rather they just need some basic knowledge on how to purchase and secure their assets.

DCAing is something that's not complex is all about purchasing bitcoin with a fixed amount of money at a fixed time either monthly or weekly, so one can start with the amount as low as $10 for DCAing depends on the folks cashflow and stuff .

I was surprised when I saw Bitcoin price break into $100k, no one expected Bitcoin to reach 100k but as is the nature of Bitcoin it reached $100k before the 2024 end, about falling Bitcoin below $80k, I think it will be very difficult for Bitcoin to fall below $80k because of the way the price is going, although Bitcoin is an unpredicted investment but due to the way the market price is running and Bitcoin is developing it will be very difficult to drop down.

Bitcoin price has made some people feel bad that they made a mistake by not investing in it from the beginning when the price was still low, as far as anyone is capable of buying there is no problem and we should not look at high prices and be thinking it will fall, no matter how the price falls it will still rise and if the price rises it will higher than the one we are seeing now.

Bitcoin is not what we can taste using and leave, virtually everyone I've come across are always grateful for being a bitcoiner and have been wondering on several opportunities they have been missing all these while, there are many benefits to have with bitcoin adoption, but not until we give a try, we may not know what is in for us over the adoption of bitcoin.