Bitcoin is the most profitable investment year to date. - page 4.

Reatim

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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.

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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.

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

With that information we see above, it shows that Bitcoin has had a very positive year, and the year isn’t even over yet. If it hits a new ATH by the end of the year, that percentage of profit will increase significantly. We should definitely believe in investing in Bitcoin since it's backed by data.

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.

Bitcoin remains the best investment but there should be more explanation so people would not hold you responsible. What am I saying? The whole of early late 2021 to late 2022, Bitcoin wasn't in good plays a lot of people made losses but today it's back again and it's almost trying to beat the previous all time as I'm speaking. Bitcoin is the best but it has its own ups and down and people need to know it, so they take your words and buy and when things fall apart, they rush to sell because they don't are not aware how the market work.

The Bitcoin market seems to be having some momentum and I'm not sure yet if this is election effect or fomo, the way the market is moving is just off but whatever the reason is, I hope it's stays above all time high so we can move away from this price range we have been for many months, since we bull runrefused to come, let's take Bitcoin to go and meet bull run.

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Quote from: Franctoshi on October 29, 2024, 01:20:24 PM

Quote from: Z-tight on October 29, 2024, 12:18:18 PM

Quote from: fikrett on October 29, 2024, 07:05:12 AM

People already pushed it to 71k, but I highly doubt it going to 100k by the end of the year.
Let the market prove me wrong Grin

$72k as i type this and it looks like it is going to continue pumping rather than dump, but we know how quickly things can change due to how volatile BTC is. $100k by the end of the year may not happen, except we see an unstoppable pump in the last two months of this year, however if it doesn't happen this year, it will next year and even go higher than that. I am sure weak hands have started fomo buying right now, lol.

There's nothing impossible, Remember if we break above the ATH resistance @73.8k, we automatically entered into a zone of new price discovery where things can move faster.

Historically, Bitcoin has shown a remarkable growth from 2009 down here, and no doubt best performing asset when in comparison with other investment assets class within this time horizons.

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.

Franctoshi

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Quote from: Z-tight on October 29, 2024, 12:18:18 PM

Quote from: fikrett on October 29, 2024, 07:05:12 AM

People already pushed it to 71k, but I highly doubt it going to 100k by the end of the year.
Let the market prove me wrong Grin

$72k as i type this and it looks like it is going to continue pumping rather than dump, but we know how quickly things can change due to how volatile BTC is. $100k by the end of the year may not happen, except we see an unstoppable pump in the last two months of this year, however if it doesn't happen this year, it will next year and even go higher than that. I am sure weak hands have started fomo buying right now, lol.

There's nothing totally impossible as regards to Bitcoin price increase , Remember if we break above the ATH resistance @73.8k, we automatically entered into a zone of new price discovery where things can move faster.

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

Historically, Bitcoin has shown a remarkable growth from 2009 down here, and no doubt best performing asset when in comparison with other investment assets class within this time horizons.

Z-tight

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Quote from: fikrett on October 29, 2024, 07:05:12 AM

People already pushed it to 71k, but I highly doubt it going to 100k by the end of the year.
Let the market prove me wrong Grin

$72k as i type this and it looks like it is going to continue pumping rather than dump, but we know how quickly things can change due to how volatile BTC is. $100k by the end of the year may not happen, except we see an unstoppable pump in the last two months of this year, however if it doesn't happen this year, it will next year and even go higher than that. I am sure weak hands have started fomo buying right now, lol.

Dzwaafu11

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Quote from: Iranus on October 27, 2024, 03:56:47 AM

I believe everyone knows this because it is so obvious but the problem is that not all investors consider profit as their top priority. Bitcoin is the most profitable investment but its volatility and risk are also the greatest. The higher the profit, the greater the risk and vice versa. Meanwhile, investors' tastes are different, some like safety, real assets, stability...so it all depends on each investor's choice.

Exactly. Every investor has their own choice of where they will invest. Many investors don’t have the mind to take the risk in crypto investment. Even bitcoin, which we claim has less risk compared to those shitcoins, many investors don’t have the mind to invest in it. Many of them prefer to invest in physical assets that they will see at a given time and they can sell at anytime they wish.

Quote from: Iranus on October 27, 2024, 03:56:47 AM

We don't need to force anyone to invest in bitcoin just because it gives the best returns or criticize someone for ignoring it when returns are not their top priority.

Sure. You can’t force or even advise anyone to invest in bitcoin because of how volatile it is, and if anything happens to their money, you will be the one to blame. The best thing is to teach someone how to invest, let them know the risk, and do any other thing that is necessary before they can invest.

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Quote from: Russlenat on October 29, 2024, 01:10:12 AM

Your reply would be relevant if we were discussing stocks. However, if you look at the chart, it’s a list of asset classes, and Bitcoin is one of them. So, you can’t directly compare the list of asset classes to stocks. If you want to see how MSTR ranks, it should be compared with other stocks on that list.

As I said in the previous post, what they have done is a selection, and in that selection there is a bias. If not, explain to me why there is no “stocks” category and there is the Nasdaq Composite. Besides, I don't understand why there are so many subdivisions in the “equities” category, which has 16 subdivisions. If we were talking about asset classes as you say, they should put the asset class “stocks”, the asset class “equities” and the asset class “cryptocurrencies” which I know we are maximalists here but it is the asset class in which bitcoin is integrated.

The thread title is:

Quote

Bitcoin is the most profitable investment year to date.

And so it is not that my answer is relevant but that it is the only true one because MSTR is the best investment of 2024 but by far (242% vs 49% for the second best investment).

Lucius

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Quote from: ? on October 28, 2024, 10:40:56 AM

In all sincerity, I pity people who still have doubts about bitcoin
Bitcoin has proven itself over and over again
~snip~

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?

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Quote from: betswift on October 29, 2024, 07:12:05 AM

Quote from: Minor Miner on October 29, 2024, 03:29:27 AM

Quote from: Z-tight on October 29, 2024, 12:30:04 AM

I hardly recommend BTC to people, for obvious reasons and even if i want to talk about BTC with non bitcoiners, it is never from the perspective of making money, rather for how the network is decentralized and censorship resistant.

But would people be interested in bitcoin if you didn't talk about profits and just focused on its other use cases? Because frankly, we are also attracted to bitcoin because of its volatility and the huge returns it brings rather than other use cases. Everyone is just like us, I don't think anyone is only interested in decentralization and ignores the profits it can create. Moreover, nowadays bitcoin is mainly used as an investment, when it comes to bitcoin, people often associate it with an asset to invest in. So it would be remiss of us to introduce bitcoin to everyone without mentioning the investment aspect.

If a person doesn't know more about BTC - it's their loss.
They will regret going into the space this way because they wouldn't be able to answer many questions arising in the process.

People can get much more than they expect by being ahead of the Bitcoin journey. Investors on the journey to $100k should aim higher and tend to accumulate more.

Topic: Bitcoin is the most profitable investment year to date. - page 4. (Read 1511 times)