Bitcoin - How high can it go? - page 4.

Mate2237

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

You confused yourself in the above two paragraphs, you said, you'r happy of holding Bitcoin for the about ten years or more but in the second paragraph you are confused again either to invest hold (DCA) into Bitcoin or use the Bitcoin you have gotten to altcoin. OP can you tell me the strong altcoin that is stronger than Bitcoin? OP from my understanding I don't think you have Bitcoin but thread was created to find out something else.

If you like altcoin more Bitcoin then you can invest on it. Investment is a personal choice or business. The business that favoured you the most is the one you must follow. So if altcoin is okay with then you are free to invest in it. I wish you all the best

Lucius

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

If you ask such a question, then you are in serious trouble, you might lose everything you have if you start gambling with altcoins. I understand that you are only in this for profit, but no one can tell you how much Bitcoin will be worth at this time next year, let alone how much it will be worth in 10 years. I'm pretty sure that Bitcoin will be around in 10 years, and all those stronger coins you're thinking of will most likely be buried deep under a pile of digital junk.

Of course, this does not mean that you should not look for alternative ways to profit, but you must know when it is time to board and when to leave the ship that is about to sink.

posi

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

I have only seen many people selling their altcoins and buying bitcoin but I have not seen anyone selling bitcoin to buy altcoins which is a discouraged action. I agree with you that investing in altcoins has a much better chance of getting a return than bitcoin but the bottom line here is which altcoin will give you such a return. Finding altcoins that can x100 in the next few years is like finding a needle in a haystack, very difficult and not to mention the risk that you could lose your entire fortune instead of profit.

mk4

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DCA-ing into certain altcoins isn't really all that bad. The question is — can you actually pick the ones that will outperform bitcoin? Or will you be like the 95% that would end up picking dying coins/tokens?

BitcoinBarrel

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If people were mortgaging their houses for Tulips in the 1600s, then it wouldn't be surprising to see BTC go higher than a mortgage.

Frankolala

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My advice is that keep your Bitcoin Holdings and do DCA all the time,Bitcoin is facing the bear market doesn't mean that any alt coin has value over it. Alt coin are shit coin,they end up depreciating and forgotten, I guess you take alt coin to be valuable.

Bitcoin Holdings needs patience like every other cryptocurrency. A time is coming when all Bitcoiners would not want to sell anymore,that is the time bitcoin price will hit the highest price,maybe 1mill. Just the way we can't predict when something good is coming to us,is the same way that we can not predict the next bull market and how much will be the highest price accurately.

Inwestour

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash.

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

Once I also made such a mistake, I chose altcoins from which I expected that they would grow in price and then I will sell them and buy bitcoins. But this was a huge mistake, because my altcoins only fell in price, and did not want to sell them because I was waiting for them to rise again so that I could at least return the money invested. As a result, this led to the fact that I lost almost everything I had and was left without bitcoin. Altcoins are some kind of illusion that only leads us astray, if you want, allocate a few thousand dollars for altcoins, and just look what this investment will lead to. Let this be an experiment for you, but main part of the investment portfolio should consist of bitcoin.

kamvreto

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If the altcoin you hold has good potential in the future like ethereum, stick with it and wait until you see better ROI in the future.
Bitcoin ATH is currently still at $64k and of course it will continue. the price of $100k for bitcoin is still realistic and will probably be reached when the 4th halving occurs or maybe sooner. All have the same expectations on bitcoin. Doing DCA doesn't hurt, it's a good strategy that needs to be done as long as you still have money in reserve.

Adbitco

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Holding bicoin is the best option you have done so far then talking of Bitcoin price to get so higher is not what could be predicted so easily, looking from the ATH of $68k which dip down to 17k was something you unimaginably and could likely gets to 100k and dip down to $25k as the case may be, from the analysis and its movement.
Investment in altcoin can be considered valuable but asking me deeply I would prefer bitcoin instead than altcoin.

yazher

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Just stick with bitcoins when you have that investment plan, you probably end up increasing your money with assurance since bitcoins price will be expected every after bitcoin halving which is approximately 3 years from now based on the history BTC price chart when the last bull runs happens.

But if you also consider altcoins, better not to expect that much from the altcoins that already had their ATH especially the top Altcoins in the crypto market because they might not probably gain that much again.

Fivestar4everMVP

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

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I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

Now, i am wondering if there is really any altcoin out there that is stronger than bitcoin, i might want to know about them and the reason why you think they are stronger than bitcoin...

Anyways, the price of bitcoin, just like any other cryptocurrency out there is not predictable, i mean they are highly unpredictable coupled with some factors that may likely affect the price positively or negatively in the future, like
1. Regulations
2. Acceptance of bitcoin by different governments of the world
This and many more factors i believe will play important roles in determining how far bitcoin can go in price, and right now, some of this factors are unclear to us all.

KaliLinux

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash.

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

There is nothing better than to continue to DCA into Bitcoin as long as you can do it. Yeah, some Alts might be also profitable but Bitcoin is a better guarantee of your investment if you are planning to hodling for a long time.
And considering whether the price of Bitcoin might get to $100k or more, I believe it is just a matter of time before we would see that price per BTCitcoin reached, history has thought us that much.

BD Crypto

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Bitcoin price will obviously hit new all time high and will return you a high roi and for this you just need to have patience. You can continue doing DCA(Dollar Cost Avarege) or can invest on some top altcoins from the CMC.

livingfree

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash.

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

Don't mind the percentage, the important thing is you'll be a consistent holder and adds more to it doing DCA.

Many of us are aiming for the high price of bitcoin in the next few years and that's why we're just holding it until those day comes. But at first, we're thinking of seeing the $100k mark first.

And then next are those high prices more than the $100k price that we've aimed at the start.

jackg

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Altcoins are at the peak from a relative high against bitcoin now and I'd suggest pulling investments in them until btc dominance shoots back up (there are charts that measure btc dominance that you can search for to see when would be a good time to invest and when wouldn't - when bitcoin dominance is high, alts are a good investment, when it's low, they have a greater chance of falling relative to bitcoin).

The gains of altcoins recently have only been made from chains pretending they have significant news and pushing through changes that have generally attempted to make them all like each other.

DCA into bitcoin if you want to own quite a bit but also dca into traditional investment options if you want more protection (like shares). Bitcoin going over $100k is probably going to happen.within the next 10 years, $50k seems almost certain but we're near the point of when things are hard to predict because of how big the market cap of bitcoin.actually is (assuming most coins are movable still and aren't lost).

Wind_FURY

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OP, I have been saying this over and over in the forum. SIX digits at the VERY LEAST during the next bull cycle, and some people would believe that's not very optimistic. Hahaha.

Although, I was proven wrong by the market when I thought Bitcoin would be at six digits during the last bull cycle, I'm very confident there are more bull cycles coming that would take Bitcoin there. When in doubt, zoom out.

Z-tight

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

When you are looking for long term ROI you do not invest in Altcoins, i would tell you not to invest in them at all, but it is your call and your funds to spend, but if you'll listen to me then don't invest in Altcoins, over the next few years more than 50% of the "attractive" Altcoins in the market now would be no more, some would have made a classic rug pull scam on investors, dumped totally or are no longer tradable; but many more will keep coming out with the same hype and promises, if you don't like to gamble you can see there's no need going for Altcoins.

If you have started to use DCA into BTC, there is no need to change, there is also no need to diversify, if you wanna do that go buy something else that isn't connected to the crypto network in anyway, you don't buy BTC and Solana and think you've diversified, no you have not.

CryptSafe

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It is certain that Bitcoin price would definitely get higher than our expectations and calculations but I strongly believe it would gradually do so. While I said so is because as time goes on the world would definitely get to know about Bitcoin whereby more than %50 of world population holds a little fraction of it added to the demand and pressure on Bitcoin. When that happens, there would be much higher demand for Bitcoin but as it stands now, what Bitcoin needs more is creating awareness about it globally because the world is yet to get familiar with it. This little awareness done will go along way in getting more people onboard the system. This will also create more liquidity and also improve the market there by making higher trading volume. Also, as we may know, Bitcoin has strong value that is why it was tagged digital gold as a result of it's emergence as the first digital currency in the world. So your speculated price is not a barrier in any ways. It is achievable as we collectively do our job as pro Bitcoin enthusiast.

Doan9269

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

It's good to diversify investment but choosing altcoins as alternative over bitcoin isn't good enough, you'd better prefer other investment assets than alts as alternatives but if you think the risk involved is not beyond what you can bear enough, then you can be ok with such.

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

If you need the accurate answer to this then it's something you can derive on all by yourself, just got deep into the history of bitcoin since 2009 and check the major events that has happened, compare the all time high to the all time low and hiw this has been a continuous process within every four years interval and see how bitcoin has been volatile and ever increasing in value, such could help you predict by yourself what the future may tells andbhiwbfar it could go higher.

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

If you really meant business then in this you have to really practice the holding indeed and if will definitely pays than you've expected from it.

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

Why are you compromising things here, you've made ut right already by investing with bitcoin, adopt the right technique with DCA, now you're introducing a spoil into it, bitcoin is the only digital currency recognized as an asset and recommended for for an investment while others were at your risk.

TheUltraElite

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I take it you have bought 0.03BTC till date. You are doing good if you are buying it with DCA in mind. I would suggest accumulating more till you reach a selling level at which point sell to recover some of your investment and add that to make more BTC.

Realistically I expect bitcoin to at least cross it's last all time high if not 50k USD should be a high selling point. But true bitcoin believers will make targets close to 1mil and never sell.

Altcoins are only a diversion to your money. Don't go too much into them even if you feel that they might do good because they wont. Altcoins are never going to be as big as Bitcoin. Check the charts of Bitcoin and your selected altcoins and you will know the truth. Also to get that good returns, you need the the long term profit from bitcoin not short term altcoin gains.

Topic: Bitcoin - How high can it go? - page 4. (Read 675 times)