Topic: Bitcoin is the most profitable investment year to date. (Read 1511 times)

I'm not saying that it will reach $1M right now, not for now although I don't rule it out, but I have seen that many are left with their mouths open when they see these prices, how many believed that it would reach almost only $100k? Maybe I'm very enthusiastic, I don't deny it, but I'm not telling lies, right now everyone is waiting for it to reach $100k, and it will arrive, just as it seemed impossible a few years ago that bitcoin would reach that value, now I don't see it impossible for it to reach what I say, if a few years can pass, it could be 10-15 and even 20 years, but analyzing time in the blink of an eye we are already in 20 years, and if we have life we ??can see that wonder.

This year has being a wonderful year for Bitcoin ,bringing a tremendous profit to investors,no matter how little you must have investment am sure you are smiling now, a lot of persons never believed Bitcoin will go these high within a short period of time,they taught it would be like other years,but surprisingly it not.

And there are already those who regret it, many may have bought bitcoin when it was cheaper and sometimes you see them complaining out there, so that is something that greatly influences the psychology of each person, because if they buy now, bitcoin will still go up in price and may be much more than it is now, this was just a taste of it, in these times you have to be smart and take advantage of the opportunities, whoever doesn't take advantage of having BTC, well, I don't know what they want in life, they have to realize that the best investment is BTC.

The OP makes it looks like Bitcoin is he best profitable investment but he should have restricted to cryptocurrency and not generalize it. Bitcoin has done well this year but there are other local investments I have done that is far better than Bitcoin so far, I have made atleast 300% of my capital investment but they are in my local currency. The advantage where Bitcoin beat the investment is that usd appreciate against my local currency which means that my currency has lost some of it's purchasing power while Bitcoin doesn't.

If you are ever going to make investment whether in any other things, make sure you diversify them for both Bitcoin and non crypto investment, there are vast majority of opportunities everywhere one can explore you know. Bitcoin is doing well today, you never can tell when it will stop the run and does what you don't expect, the only factor protecting the price from falling from ceiling is what Donald Trump will do later.

In this crypto space there is no investment that can be compared to bitcoin, obviously, and you already know that, and if you are talking about altcoin, I see that it is a waste of money because altcoin cannot be held for a long and it will not give you the profit that a bitcoin investment is going to give you. Also, Altcoin cannot be held for a long time, and that is why it’s got a lot of risk of losing money.

Moreover, the thread is about the growth of bitcoin and how profitable it is, and you can’t compare bitcoin with altcoins; bitcoin has already taken over the crypto space; there is not a coin that you can compare to bitcoin. 

Yes, Bitcoin is now an insanely profitable investment, but it's not that simple. Cryptocurrencies are called high-risk assets for a reason.
If Harris had won the US presidential election instead of Trump? What would have happened to the Bitcoin rate? I was expecting a price of 40k, and my long-standing experience told me that this would have been a very real scenario.
It didn't happen, but there really were chances. Therefore, I think that investing in Bitcoin is a unique case that cannot be compared with other ways to invest.

You give a good resources to those who needs to know more about Bitcoin investment. When they can learn for many things about how to start investing in Bitcoin, they will see the easy way to invest in Bitcoin which is use DCA methods so they don't have to worry with the fluctuation of the price. It is why many people who already starts in Bitcoin investment realize how much profit they can make so they decide to use Bitcoin as their main investment.  They are not worry if the price is down because that can be their way to buy back besides running their DCA methods so they can increase their Bitcoin amount.

Interesting overview and you made a valid point here mentioning that they compare "asset classes" and if you will, you could add that this is about asset classes of certain sizes that are somewhat established and are not considered a gimmick. Because otherwise you could probably find some trash coin that made 6x since the beginning of the year. Some low market cap penny crypto that went up 1000% until YTD.

This overview in the chart does make sense with respect to the assets they chose. You could as well include art, but then it again becomes obscure. DOGE does have a market that is liquid and all that, but it doesn't really fit into the category as they aggregate assets like "Small Cap Equities" and "Mid Cap Equities". You would at least have to do the same, but this would end in an incomprehensible clutter.

Some proofs to show power of holding bitcoin helped people to get rich a lot and will help people to get rich in my opinion.

Table of Bitcoin & Traditional Assets ROI (vs USD)
ROI chart

A HOLD.CAMP shows that if you can hold your bitcoin more than 5 year and 1 month, you surely get profit according to Bitcoin market history.
https://hodl.camp/

Lastly, Bitcoin profitable days can help people to keep up holding.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

By holding Bitcoin for a long term, many people makes a big profit so that is why they still continue buying and hold. They wants to make a big profit again in the next ATH so they prepare themselves by having many Bitcoins. They are not worry with the correction because that will always happens so they only need to be patience. They use Bitcoin as their main investment because they already see the benefits of Bitcoin for them so they willing to buy Bitcoin in the correction time. For those people who still thinks that Bitcoin is not real will regret when they see their friends making a big profit from Bitcoin.

If we do comparisons like that then there might be different coins that have dominated Bitcoin over a specific period of time. Crypto is a market that is very much Bitcoin centric and these alts only go up when Bitcoin go up and vice versa. Alts are for short term, as new alts keep coming up every week or month. It's best to invest in alts for short duration and exit when you are getting good profit. Bitcoin is for those who can wait for long. There are people in my circle who have bought BTC under 30k and still hodling for 100k$. They are very much sure that Bitcoin will soon hit 100k, there might not be many who are that much sure for alts.    

If we’re not sticking to what’s written in the report, then sure, Doge could have a case to win. But unfortunately for Doge fans, the report makes it crystal clear, it’s an “asset class” comparison.

And when it comes to asset classes, Bitcoin already dominates the “crypto” category. It’s the benchmark, the standard, the one everyone measures against. That’s why it’s used as the basis for this comparison.

doge crushes btc in the Jan 1 to Nov 17 date.

8.9 cents is now 36.6 cents which is 4x

btc was 44.1k now 90.5k about 2x

so 1000usd in doge is  now 4000usd

and 1000usd in btc is now 2000

Bitcoin will always bring profit to those who have the faith and patience to do so, and the best option when it comes to making profit from Bitcoin is to invest in the long term, and besides that, you should know that Bitcoin always goes up and breaks its previous high in every new cycle so it only takes faith and patience for you to make big profit from Bitcoin if you patiently wait for every new cycle to come and you can also keep holding it until the next new cycle comes until you are completely satisfied with the price you want. And the surefire profitable method if you buy when it goes down and sell when it goes up until it reaches a new cycle, and also DCA and all that you also never panic sell Bitcoin and as long as you do all that well, be patient and have strong faith then Bitcoin will give you good profit. And so far I have done that, and if you don't want to bother and also stress facing the market because Bitcoin is also not easy to predict and anything can happen due to some factors that we never know before. You can do it by buying when the price drops in large amounts, then forgetting about it for a decade. But you should not forget all the passwords associated with Bitcoin and keep them as safe as possible from anything so that you can access them again.

Hmmm, well first off in my lifetime my best two "investments" hands down are bitcoin and semiconductors.  A decade ago I was telling everyone to buy bitcoin ( as I've stated many times, I was truly in love with it's technology, and the upside investment wise was a bonus) and to buy Nvidia and other semiconductors (mainly the Semi ETF SOXX). 

We will NEVER get another opportunity like this in our lifetimes.  This kinda sucks, but at the same time I'm glad I was able to get in pretty early.

Not all bitcoin holders can optimize their profits as we have different entry and exit points in this market. The profitability depends on your buying price as well as when will you sell it to the market.
Hence, we can't generalize its profitability. I can understand for some, if this investment gave them good profits. But we should not give the notion that every investment in this market will turn out to be a very profitable one. Because that is the reason why many are getting disappointed as they thought, this will give them riches but once they got in, they realized it is not easy to achieve their targets.

I think you mean Bitcoin correction from $20,000 to $10,000 in 2018 from 2017 ATH, and from $10,000 it falls more to $6,000 that was considered as a solid bottom for entry, then no war but Covid-19 force Bitcoin to crash from $6,000 to about $3,000.

I experienced this market since 2017 and that means this cycle is my third one in Bitcoin market. The common mistake I saw people made is they wanted to wait for lower price, lower price and don't know what is their entry. Then they missed very good prices for entries, many times in bear market that lasts for about 2 years. Hence, when market bottomed out and started its rally, they regretted their mistake and hesitation to buy cheap bitcoin. They repeated it cycle by cycle and wasted many good chances.

From $15,000 to 2021 ATH, it's four-fold increase and ROI is very good, no reason to hesitate with $15,000 but I know many people were fearful and missed it.

I remember when Bitcoin was a $3,000 coin during a war, it dropped from $10k or $20k, I think. That was such a huge entry point, and I wish I had invested, but sadly, I was just a student at the time. I also checked the BTC that entered my wallet or the whole trading volume, and it would’ve been a huge investment if I had held onto it. Honestly, I don’t think any traditional or even digital banks with good APY could match that kind of growth.

Last year, it dipped to $15k, we invested on that price and I'm one of those people so happy seeing it hit $90k. guys, I’m telling you, it’s a banger investment of my life.

Bitcoin is the most profitable Investment when you know the methodology to invest in Bitcoin but a process whereby you don't know the process is to invest in Bitcoin I think that you will record bitcoin at the worst investment so far, people who agreed that a bitcoin is a good investment is people who has tried Bitcoin for so many times and also people who can exercise patient to understand the rules and the regulations or bitcoin before the investment, I can acknowledge the fact that bitcoin is a good kind of investment but for someone who has not invested in Bitcoin for the first time we will not know the particular strategies to apply when you come to bitcoin investment

Actually if you do really be able to zoom out then you could really be able to determine into those investments on which it will really be that not really just that basing up only with Bitcoin but also in other
investments as well on which it could really be also a good choice. It will really be basing up on how you will be able to determine or able to reconsider when it comes into this aspect. Not all will really
having that money and thats the sad part when making some potential investment on which financial capacity is really that the most common issue of most people on why they do missed out.
In between gold and Bitcoin then why people will really be making up some comparison in between two? Gold is a natural resource and Bitcoin considered to be digital gold. If you do really have that money then it will really be that up to you whether you do invest with it or not, we do know that diversification will really be always best because if ever the one investment comes down then you will really be having another one
or you do have the option to recover. The main issue on here on why other investors do really love on dealing into investment on which giving out that higher return or profits, which this is why
they do prefer bitcoin over gold because we arent that blind on not to see on how BItcoin does give out that kind of advantage when it comes to potential gains. It is really just that crypto investment or any forms of investment doesnt really give out guarantees if we do speak about profits or assurance into this aspect. So better be careful on what you are dealing into.