Bitcoin is the most profitable investment year to date. - page 3.

Z-tight

hero member

Activity: 994

Merit: 1089

Quote from: Webetcoins on November 03, 2024, 12:08:01 PM

Trump likes it and shared about it, and some people who are trump supporters also shared about it, and because of that some leftists are not interested in bitcoin and think it's a right wing thing.

Who can think such bullshit, if anyone is not interested in BTC for this reason, then it is safe to say that they were never going to be interested in it and they are only looking for an excuse to back up their ideas. BTC is not for anyone, but everyone, and it will only take a few seconds for anyone to find out about that.

There are a lot of info about BTC on the internet and people who are truly interested would seek out such materials and understand BTC better, rather than make it a political thing.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: Reatim on November 03, 2024, 03:52:49 AM

Quote from: Catenaccio on November 02, 2024, 03:12:39 AM

Let them be and if they refuse to join this market, it's their decision that will make them possibly regret in future. Just possibly because some people will never regret because they did not invest money in Bitcoin.

We should accept that we will never be able to convince everyone and that is okay. What is not okay to me is if someone refuses to use or buy bitcoin because of misinformation. If someone raises genuinely valid concerns then we can consider it and have a mature conversation.

But some are simply too close minded and they do not want to hear anyone else. They have already believed in something and would refuse to be corrected. This is what really annoys me.

That is what I faced many times as well, specially from people in the USA, and this is why I do not like it when politicians talk about bitcoin, it scares off new people. Trump likes it and shared about it, and some people who are trump supporters also shared about it, and because of that some leftists are not interested in bitcoin and think it's a right wing thing.

In reality, that is not the case and I believe we are not going to see any politician being helpful, because while their supporters will be interested, opponents will not be and that is why it sucks. In any case, when new people wants to join, it's easy to help them, when they decide to stay away, I can't be bothered to convince them, it's not my job to educate them.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Bitcoin is not only one of the most profitable investments. It's the most profitable given the risk. It has the lowest risk:reward ratio, and that's why we all keep bragging on how neatly it serves as a store-of-value. People should put their money on what gives the highest return, with the lowest risk. There's no better option than assets with no counterparty risk, like Bitcoin.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: DeathAngel on November 03, 2024, 09:20:50 AM

The gains since the first block are huge, nobody could have foreseen what bitcoin would become.

People have a lot of time and many years to take opportunities and be rich with Bitcoin investment. If they did, congratulate them for good profit. If they did not, they only can blame on their over hesitation and bad decision. Chances are free to grab and they lacked of bravery to take these opportunities. It's never late to join Bitcoin market, and if now they're regretful on their bad decisions in the past, they can take action, correct past mistakes by investing in Bitcoin in this year and coming years as well.

Quote

I do think that we will see diminishing returns now though but that shouldn’t stop you buying bitcoin. It is still one of the best investments out there.

DCA from now if they deeply regret about past missed opportunities.
https://dcabtc.com/

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

The gains since the first block are huge, nobody could have foreseen what bitcoin would become. I do think that we will see diminishing returns now though but that shouldn’t stop you buying bitcoin. It is still one of the best investments out there.

AprilioMP

sr. member

Activity: 560

Merit: 432

Forum Only For Fun

Quote from: stadus on October 27, 2024, 02:51:11 AM

Graphics that show how Bitcoin Return in 2024 can help convince people who are pessimistic about Bitcoin performance in making it an investment asset.
Although gold the percentage in the graph is only 26.5% that are in sixth, making it an investment asset coincides with Bitcoin is the best thing as a reserve fund.
This is done to avoid all funds from being included in one basket. If divided into two types of assets, then when you need something can be taken from gold assets.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: knowngunman on November 03, 2024, 05:01:22 AM

Is there even need to convince anyone? Absolutely No. Bitcoin has proven itself to be a profitable investment long before now even to the blind. I don't really think people doubt bitcoin as to whether it's profitable investment or not but they're skeptical about its reliability. Many of them see the chart and know how profitable it has been but they question how long it will take to collapse. To this end, we only need to enlighten them about risk management and not necessarily prove to them how profitable it is.

There is consideration on risk and profit for any person who are assessing Bitcoin as their investment choice.

It's hard to be blind and refuse a clear fact that Bitcoin has very good ROI since 2009. Bitcoin ROI versus Traditional assets ROI can help them to see better ROI of Bitcoin.

However people have to consider other things, risk and if they see risk is big enough that they can not afford to invest money in Bitcoin with risk of losing it, they will not add Bitcoin to their investment portfolios. Some will accept risk, see risk is smaller than profit-gained chance but others see differently.

knowngunman

sr. member

Activity: 784

Merit: 364

Quote from: stadus on October 27, 2024, 02:51:11 AM

If there are people we want to convince to invest but who are still doubtful, we can point them to this thread. They can ask questions, and we’re ready to share facts with them.

Is there even need to convince anyone? Absolutely No. Bitcoin has proven itself to be a profitable investment long before now even to the blind. I don't really think people doubt bitcoin as to whether it's profitable investment or not but they're skeptical about its reliability. Many of them see the chart and know how profitable it has been but they question how long it will take to collapse. To this end, we only need to enlighten them about risk management and not necessarily prove to them how profitable it is.

Quote from: Reatim on November 03, 2024, 03:52:49 AM

But some are simply too close minded and they do not want to hear anyone else. They have already believed in something and would refuse to be corrected. This is what really annoys me.

Some people are just like that, they believe in first information they receive whether it is a fabrication or a fact they don't care. To be able to convince such people depends on how you hold a conversation with them. If you emphasize on arguments, they will consider you as opposition and will never listen. You have to make them believe they're also right in some perspective and they follow up with a proven fact that shows their own point is outdated or irrelevant. It is also good to let go if they persist.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Catenaccio on November 02, 2024, 03:12:39 AM

Let them be and if they refuse to join this market, it's their decision that will make them possibly regret in future. Just possibly because some people will never regret because they did not invest money in Bitcoin.

We should accept that we will never be able to convince everyone and that is okay. What is not okay to me is if someone refuses to use or buy bitcoin because of misinformation. If someone raises genuinely valid concerns then we can consider it and have a mature conversation.

But some are simply too close minded and they do not want to hear anyone else. They have already believed in something and would refuse to be corrected. This is what really annoys me.

Quote

Since 2009, many people missed many opportunities with Bitcoin. There is no if for coming back to the past and fix your mistake.
https://whatifbitcoin.org/

Best thing we can do is to do the right thing now. I also missed bitcoin when it was still cheap but the moment I could afford to buy bitcoin, I immediately did and never looked back since.

Catenaccio

full member

Activity: 420

Merit: 120

Quote from: Hamza2424 on November 01, 2024, 03:25:01 PM

We should not adopt forceful or convincing approach to help clear someone's doubt because we might be able to clear their doubts but when market will take unexpected turn then the person whom you convinced will come after you and blame you for the convincing. It's better to show them the stats and the rest of either they should invest or not left on them.

If they chose or not, that's their own decision so we can't do anything about it. Your idea BTW is good to show newbies with this data now to help them realize the true potential of BTC but it's not confirmed that BTC will follow the same year pattern of 2024 in 2025 too.

People have two main types: easily changeable and hardly changeable or unchangeable.

If you consider you are a Bitcoiner and want to become a Bitcoin ambassador, you can go out, meet people and give them your educational speeches on Bitcoin, but remember you won't be able to convince all of them and turn all of them to Bitcoiners.

Let them be and if they refuse to join this market, it's their decision that will make them possibly regret in future. Just possibly because some people will never regret because they did not invest money in Bitcoin.

Since 2009, many people missed many opportunities with Bitcoin. There is no if for coming back to the past and fix your mistake.
https://whatifbitcoin.org/

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: stadus on October 27, 2024, 02:51:11 AM

If there are people we want to convince to invest but who are still doubtful, we can point them to this thread. They can ask questions, and we’re ready to share facts with them.

We should not adopt forceful or convincing approach to help clear someone's doubt because we might be able to clear their doubts but when market will take unexpected turn then the person whom you convinced will come after you and blame you for the convincing. It's better to show them the stats and the rest of either they should invest or not left on them.

If they chose or not, that's their own decision so we can't do anything about it. Your idea BTW is good to show newbies with this data now to help them realize the true potential of BTC but it's not confirmed that BTC will follow the same year pattern of 2024 in 2025 too.

Adams0001

full member

Activity: 532

Merit: 181

Quote from: Solokan on October 31, 2024, 08:38:18 PM

Yes, by looking at this information, of course we can see that Bitcoin has now shown its greatness and of course I am personally amazed by the achievements that BTC has achieved at this time. As a small BTC investor, I personally hope that at the end of this year the BTC price will rise quickly and in 2025 I hope the BTC price will be more than $80k.

this is a good thread op and now it is clear from the picture you posted that bitcoin is at the top of the rankings and this is very in line with current reality because up to now btc has never disappointed its holders of course for holders who are patient and have a lot knowledge.

but I personally can't convince someone who still has doubts about bitcoin because of course everyone has different thoughts so my can only explain as best my can without any element of coercion. but it seems that now people are starting to realize that BTC has a bright future and I am sure that in the future BTC prices will increase even more. Yes, of course BTC is very impressive and what is certain is that all investors now hope to see BTC prices even higher.

Bitcoin will remain at the top because I am confident that tge coin or any gold will surpass BTC this time he will continue to rise slowly until he reaches $100k. Now that bitcoin is at the top, it is certain that it is the best, and those who are skeptical of bitcoin will begin to believe that it is a legitimate investment rather than a hoax. All bitcoin investors are just waiting for bitcoin to continue increasing, and some are waiting for it to drop and invest, because some are thinking if they invest now, the price will probably decrease and they will lose, but I think anyone who is waiting for the btc price to drop before investing is not ready to invest, they can not take risk, and bitcoin don't have periods to invest on it anytime is a good time for it, because if you think you will wait for it to drop, and he didn't decrease to your planned, and continue increasing meaning that you are just wasting your time.

I hope Bitcoin remains at the top since it is the best coin for minimizing risk while not losing too much money. Bitcoin can reach $80k before next year since it is unpredictable and can surprise anyone with a large gain, and I am confident anyone who has bitcoin in their wallet will be pleased if the currency climbed much before next year.

Solokan

sr. member

Activity: 616

Merit: 306

Rollbit.com

Yes, by looking at this information, of course we can see that Bitcoin has now shown its greatness and of course I am personally amazed by the achievements that BTC has achieved at this time. As a small BTC investor, I personally hope that at the end of this year the BTC price will rise quickly and in 2025 I hope the BTC price will be more than $80k.

this is a good thread op and now it is clear from the picture you posted that bitcoin is at the top of the rankings and this is very in line with current reality because up to now btc has never disappointed its holders of course for holders who are patient and have a lot knowledge.

but I personally can't convince someone who still has doubts about bitcoin because of course everyone has different thoughts so my can only explain as best my can without any element of coercion. but it seems that now people are starting to realize that BTC has a bright future and I am sure that in the future BTC prices will increase even more. Yes, of course BTC is very impressive and what is certain is that all investors now hope to see BTC prices even higher.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: justdimin on October 30, 2024, 03:25:31 PM

Quote from: adultcrypto on October 28, 2024, 10:02:39 AM

I don't think this is open for argument because the data is out there for everyone to see. The case of someone purchasing pizza with 10,000BTC is a clear indication of how far bitcoin have grown in less than 20 year of its creation. I think bitcoin should be the biggest creation of wealth we have known in human history. Those who trust bitcoin, invested early enough and held till date have no business with poverty today. The opportunity is still there for those of us that are opportune to learn about bitcoin now and in some years in the future we will be happy for the actions we take today.

I mean if we are going for very detailed technical parts, there could be some obscure low level low cap coin that did better maybe, or there could be even companies that were very tiny, but their research gave some results and now they are wealthy. I am not saying there are plenty of them, it must be very small, but this is "growth" we are talking about and not the market cap, meaning if a company started with 100 dollars and reached 100k marketcap, then they are much bigger obviously.

This is why these ranks are only to limited some of the big ones and not in general. Still, this is a great achievement for bitcoin, but we should remember it is not a quick way to make money, just because 2024 was great ,we should not forget 2022, so holding is always very important.

At least when it comes to this market I doubt there is a single coin out there that was at any point more successful than bitcoin, since bitcoin went from being worth zero to its current market cap, and even if it is true that number is exaggerated, as exchanges are just multiplying the current price and the number of coins ever mined, the same is true for the rest of the coins on the market, and since there is no coin that has surpassed the market cap of bitcoin, then it is relatively safe to say that there has never been any altcoin that did better than bitcoin.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: adultcrypto on October 28, 2024, 10:02:39 AM

I don't think this is open for argument because the data is out there for everyone to see. The case of someone purchasing pizza with 10,000BTC is a clear indication of how far bitcoin have grown in less than 20 year of its creation. I think bitcoin should be the biggest creation of wealth we have known in human history. Those who trust bitcoin, invested early enough and held till date have no business with poverty today. The opportunity is still there for those of us that are opportune to learn about bitcoin now and in some years in the future we will be happy for the actions we take today.

I mean if we are going for very detailed technical parts, there could be some obscure low level low cap coin that did better maybe, or there could be even companies that were very tiny, but their research gave some results and now they are wealthy. I am not saying there are plenty of them, it must be very small, but this is "growth" we are talking about and not the market cap, meaning if a company started with 100 dollars and reached 100k marketcap, then they are much bigger obviously.

This is why these ranks are only to limited some of the big ones and not in general. Still, this is a great achievement for bitcoin, but we should remember it is not a quick way to make money, just because 2024 was great ,we should not forget 2022, so holding is always very important.

fikrett

jr. member

Activity: 70

Merit: 1

Quote from: Lucius on October 30, 2024, 06:32:58 AM

Quote from: SquirrelJulietGarden on October 29, 2024, 11:30:09 PM

Quote from: Lucius on October 29, 2024, 09:21:38 AM

Personally, I think that you shouldn't spend your emotions on something like that, because Bitcoin is a cryptocurrency, and everyone has the right to choose how and with what they want to do their transactions or what they will invest in. I'm not saying that you shouldn't challenge the baseless lies that people tell about BTC, but any discussion about what someone will do with their money is completely unnecessary - after all, why would someone give financial advice if they are not a financial advisor?

Most of advice have notes like "It's not financial advice" as famous disclaimers that mean a lot on uncertainty and risk of investment.

All investments are risky even Bitcoin with very good record of its ROI since 2009, it's still risky in 2024 as an investment asset. Each investor has different financial social economic status and different investment budget, different capital management and different risk acceptance and management too. So there is no same advice for all investors and not all people who consider themselves as investors will succeed with profit in Bitcoin market.
~snip~

That's right, people are different in their approaches and attitude towards how they understand risk, and then the results are also different in the end. But considering that BTC has existed for 15 years, some things are already quite clear for those who want to understand, for those who are still the majority, the same doubts that have been repeated for years remain.

What still causes some kind of repulsion among people when they think about investing in BTC is that it is not publicly supported by their governments or central banks - and because of this, the average person will rather invest in government bonds or stocks than in Bitcoin.

I think people like that just don't know how it really works behind the scenes and that it can be gone any day (by some poof magic Grin

).
In reality, of course, it would never happen.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: SquirrelJulietGarden on October 29, 2024, 11:30:09 PM

Quote from: Lucius on October 29, 2024, 09:21:38 AM

Personally, I think that you shouldn't spend your emotions on something like that, because Bitcoin is a cryptocurrency, and everyone has the right to choose how and with what they want to do their transactions or what they will invest in. I'm not saying that you shouldn't challenge the baseless lies that people tell about BTC, but any discussion about what someone will do with their money is completely unnecessary - after all, why would someone give financial advice if they are not a financial advisor?

Most of advice have notes like "It's not financial advice" as famous disclaimers that mean a lot on uncertainty and risk of investment.

All investments are risky even Bitcoin with very good record of its ROI since 2009, it's still risky in 2024 as an investment asset. Each investor has different financial social economic status and different investment budget, different capital management and different risk acceptance and management too. So there is no same advice for all investors and not all people who consider themselves as investors will succeed with profit in Bitcoin market.
~snip~

That's right, people are different in their approaches and attitude towards how they understand risk, and then the results are also different in the end. But considering that BTC has existed for 15 years, some things are already quite clear for those who want to understand, for those who are still the majority, the same doubts that have been repeated for years remain.

What still causes some kind of repulsion among people when they think about investing in BTC is that it is not publicly supported by their governments or central banks - and because of this, the average person will rather invest in government bonds or stocks than in Bitcoin.

Smack That Ace

legendary

Activity: 1974

Merit: 1108

Free Free Palestine

Quote from: DaNNy001 on October 29, 2024, 01:25:40 PM

I don't know if you have the records mate , with Bitcoin nothing is impossible like you have stated which I also believe a 100k mark from now till the year is still widely possible because when the price turn green it doesn't wait for no one as it skyrocket within a couple of weeks and before you know it a 100k mark is achieve. Before now I think people were actually having doubt about the famous month of October being a green month because the price was struggling at the initial but within some days we have that thought go otherwise again so definitely Bitcoin can still achieve that mark.

It's true that anything can happen but we should be realistic instead of exaggerating things. We need to know that bitcoin has become much bigger than it used to be and that means the growth rate will also slow down as it gets bigger. $100k sounds simple because we have already reached $70k and the gap is not that big, only about 50% increase from now and bitcoin can reach $100k. But if we look at the market cap, going from 1.4 trillion to over 2 trillion is a big deal, not as easy as going from 1 billion to 1.5 billion. We need a lot of money for that to happen so I don't think it can happen easily, it will take a long time for bitcoin to get there.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: fikrett on October 29, 2024, 07:15:59 AM

I do see the BTC reaching such heights in 2025, but even before it? - nah Roll Eyes

However, if it would do so, then the plans would be changed accordingly.

Even if that does not happen this year, I am sure the investors will be patient and wait. The important thing is that the investors still use this time to buy more and more Bitcoin before the price starts to increase. The plan can changes anytime following the current situation so the investors should have many plans that they can runs it if the situation really change.

Quote from: Cryptmuster on October 29, 2024, 07:46:35 AM

The previous year (2023) was even more profitable for Bitcoin than the current year, but in any case, when an investment is close to doubling your investment in a year, it can definitely be considered very successful. During the bullrun, Bitcoin was always unrivaled in terms of profitability, and this time there were new inputs, such as the approval of the Bitcoin ETF, which should only be reflected in growth, since it will entail attracting new investors to Bitcoin. Gradually, countries like Bhutan will appear that will want to use surplus electricity to mine Bitcoin, and thus Bitcoin will become an increasingly scarce asset.

When Bitcoin can be a scarce asset, that will impact to the price where that can increase so high. The Bitcoin investors will gain the benefits from that because their Bitcoin value will increase and gives them the profit. This year gives profit to the investors although not maximum profit because the Bitcoin price still struggle to break the next high price. But that will happen soon so we can wait for more while still accumulating more Bitcoin. If Bhutan can used this to mine Bitcoin with their surplus electricity, that will of course gives them benefits because they will have a chance to mine Bitcoin.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: Lucius on October 29, 2024, 09:21:38 AM

Personally, I think that you shouldn't spend your emotions on something like that, because Bitcoin is a cryptocurrency, and everyone has the right to choose how and with what they want to do their transactions or what they will invest in. I'm not saying that you shouldn't challenge the baseless lies that people tell about BTC, but any discussion about what someone will do with their money is completely unnecessary - after all, why would someone give financial advice if they are not a financial advisor?

Most of advice have notes like "It's not financial advice" as famous disclaimers that mean a lot on uncertainty and risk of investment.

All investments are risky even Bitcoin with very good record of its ROI since 2009, it's still risky in 2024 as an investment asset. Each investor has different financial social economic status and different investment budget, different capital management and different risk acceptance and management too. So there is no same advice for all investors and not all people who consider themselves as investors will succeed with profit in Bitcoin market.

With bad capital, risk management and approaches for entries, exits, people will have either profit or loss in a same market. Most of participants are losers, not winners and as an "not financial" advisor, you can not guarantee that all people listen to your advice will do right things and end with profit.

Topic: Bitcoin is the most profitable investment year to date. - page 3. (Read 1256 times)