Bitcoin is the most profitable investment year to date. - page 5.

FortuneFollower

copper member

Activity: 168

Merit: 4

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

Quote from: Poker Player on October 28, 2024, 01:14:08 PM

Quote from: Russlenat on October 27, 2024, 07:04:13 AM

My guess is that MicroStrategy Inc. wasn't included in the list because they are closely tied to Bitcoin. The companies on the list are determined using metrics that assess their independence from one another. In short, we can think of it as a ranking of countries based on their economic growth, from top to bottom.

This shows that the chart is biased, but with a bad bias. When you make a chart like this you always have to select, do you select the S&P 500 or the Magnificent 7?

But since we are in a bitcoin forum I think it should be noted that the most profitable investment is that of MSTR, which is a company that has gone from being a business intelligence software to also having a bitcoin development company that is becoming more and more important and is a pioneer in converting its cash reserves to bitcoin in addition to indebting itself intelligently to acquire more.

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.

Yeah, it's a different playground for them two Grin

Thus, they shouldn't be placed in the same spots to compare, however, it's interesting to hear that they are working on the reserves of BTC.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

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.

Well, that's true. Bitcoin's return this year is by far the top most, and this is because of how volatile Bitcoin is.
Now on the flip side, we also know that Bitcoin can be one of the worst investments if it enters the bear market right?

We can convince those doubtful to invest into Bitcoin of course, but aside from convincing, let's always share the negative side of it as well. Let's not glorify Bitcoin that much because as much as many are earning by just investing into it, there are some who are losing money as well especially those who entered at a wrong time. Bitcoin to this year is the best asset in terms of profitability, but that will only happen if the investor knows how Bitcoin moves. A newbie has a higher chance of losing his money especially if he enters at the wrong time.

Overall, it's just good to see that Bitcoin is the most profitable investment right now. I've always want every investor out there to at least consider investing into Bitcoin, but for the newbies, let's share also the flipside of it as well.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: Poker Player on October 28, 2024, 01:14:08 PM

Quote from: Russlenat on October 27, 2024, 07:04:13 AM

My guess is that MicroStrategy Inc. wasn't included in the list because they are closely tied to Bitcoin. The companies on the list are determined using metrics that assess their independence from one another. In short, we can think of it as a ranking of countries based on their economic growth, from top to bottom.

This shows that the chart is biased, but with a bad bias. When you make a chart like this you always have to select, do you select the S&P 500 or the Magnificent 7?

But since we are in a bitcoin forum I think it should be noted that the most profitable investment is that of MSTR, which is a company that has gone from being a business intelligence software to also having a bitcoin development company that is becoming more and more important and is a pioneer in converting its cash reserves to bitcoin in addition to indebting itself intelligently to acquire more.

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.

Z-tight

hero member

Activity: 994

Merit: 1089

Not everyone has the heart to handle the volatility of BTC, for most of us that have the knowledge of it, things become very easier for us, we block our ears to fud and accumulate when the price dips. However, for so many other people, they cannot sit and watch their investment rise and fall quickly, so maybe BTC is not for them.

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.

Onyeeze

full member

Activity: 672

Merit: 204

Bitcoin is a profitable investment when you know the target to invest on Bitcoin, but a process whereby you don't have target to invest in bitcoin you will not be be successful, ones you have target to invest in bitcoin you will surely make profit on the process, I know quite well that cryptocurrency investment have to with understanding and its not as if its the highest investment platform, the reason why bitcoin is created is not for investment plan, but people misquote it and also misunderstood it, bitcoin is meant for speed transactions but people are using it for investment rather

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: Lucius on October 28, 2024, 05:52:01 AM

In addition, all the risks that come from trying to persuade your friends and acquaintances to do something are simply too great to be worth the risk. In addition to volatility, everyone is susceptible to hacking of any kind or even physical attack - and if that happens to them, guess who will be the first to blame?

If I am a person who did attempts to persuade my family members, friends for introduction and invitation them joining Bitcoin market, I will feel happy if they succeed, but I will feel very bad if they got losses. They can have loss from tradings, using leverages, but I will not feel good if they had losses at all. So I will try to avoid doing such persuasive attempts.

In any market bull run, media is very noisy and these people will read many news about Bitcoin. They will decide to join or stay outside, it's their decisions, and if they need my help, they can ask, but I will not proactively reach out to them with my advice.

Quote

Bitcoin is truly something that has exceeded most people's expectations when it comes to price growth, and those who realized its potential in time certainly have far better financial stability today than others.

History of Bitcoin price makes many people over expect on its performance in a new market cycle. As new market participants, they lack of experience and it's hard to control your greediness and expectation in a bull run and no one can find a market cycle's ATH (All Time High) especially newbies.

By expecting too much, newbies will miss ATH, miss top price range, miss many opportunities to take profit during a bull market and they will stuck in a bear market with 2 or 3 years of so much price falls, FUD and pressure mentally. Many newbies will feel massively disappointed if they miss opportunities in bull market and stuck in a bear one.

Suman1

newbie

Activity: 32

Merit: 0

Indeed, BTC is a profitable investment to date, but you can't ignore alts like SOLANA, BGB, BNB, MATIC etc. They're silently growing. One of my profitable investments was BGB. When I entered, it was around half a cent, and the journey continued to above 1.5 cents. Similarly, Solana has been the quickest profitable crypto in my portfolio, and it drives with a lot of determination. I'm expecting to bring more worthwhile profits from it.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Russlenat on October 27, 2024, 07:04:13 AM

My guess is that MicroStrategy Inc. wasn't included in the list because they are closely tied to Bitcoin. The companies on the list are determined using metrics that assess their independence from one another. In short, we can think of it as a ranking of countries based on their economic growth, from top to bottom.

This shows that the chart is biased, but with a bad bias. When you make a chart like this you always have to select, do you select the S&P 500 or the Magnificent 7?

But since we are in a bitcoin forum I think it should be noted that the most profitable investment is that of MSTR, which is a company that has gone from being a business intelligence software to also having a bitcoin development company that is becoming more and more important and is a pioneer in converting its cash reserves to bitcoin in addition to indebting itself intelligently to acquire more.

GigaBit

hero member

Activity: 1666

Merit: 513

Leading Crypto Sports Betting & Casino Platform

If we observe the matter since the discovery of Bitcoin till now then we must say that it is a profitable investment. But if we consider specific years here, some years will be very effective for Bitcoin investment and some years will be bearish and not possible to get significant profit.

100% profit in last 1 year on Bitcoin investment Everyone who held this investment was able to double his wealth. I don't know any other platform which can give 100% return in 1 year. Moreover, investing in Bitcoin is definitely safer than the amount of risk involved in other investments. Those who invest for long term will definitely be able to get more profit than any other investment.

But there is no scope to say that everyone can be profitable from Bitcoin investment. To be profitable from this investment, an investor must have a good understanding of Bitcoin and plan to hold the investment for the long term. If one invest with little knowledge, there will be more loss than profit.

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: bettercrypto on October 28, 2024, 11:26:42 AM

It is certain that everyone who started investing in bitcoin in the month of January 2024 that they have been holding until now and implemented DCA for bitcoin,
they are sure to have made a big profit for sure. Especially if you are the type of person who belongs to the middle class or elite people, that's for sure.

Now in the ordinary or just right communities there is also a profit, but of course not as big as that of rich people who are capable of buying bitcoin at a large value.

The scale would be different, but the results - the same.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

It is certain that everyone who started investing in bitcoin in the month of January 2024 that they have been holding until now and implemented DCA for bitcoin,
they are sure to have made a big profit for sure. Especially if you are the type of person who belongs to the middle class or elite people, that's for sure.

Now in the ordinary or just right communities there is also a profit, but of course not as big as that of rich people who are capable of buying bitcoin at a large value.

RockBell

sr. member

Activity: 952

Merit: 391

Underestimate- nothing

Quote from: Z_MBFM on October 27, 2024, 01:19:38 PM

The price of Bitcoin is very volatile due to which it is possible to make a good amount of profit from this investment. In addition, Bitcoin creates a new ATH every four years by halving the circle, making Bitcoin a higher APR profit than any other business or investment. and that's why people are getting deeply interested in Bitcoin day by day. and the more Bitcoin investors worldwide, the faster Bitcoin is growing. So those who still invest in Bitcoin will also get a good amount of profit in the future. Because still only a few percent of people worldwide use Bitcoin. When more than 50% of people are interested in Bitcoin, the price of Bitcoin will be very expensive.

That is simply the nature of bitcoin, and the more you comprehend it, the less need you have to worry about the past because I already understand it. Why would I want to see the nature of something that we already know? Its nature is what makes it interesting because many people are perplexed and become afraid to continue investing in bitcoin after losing money, but it's never like that, which is why understanding it is crucial. But the direction at which most people set their heart is what is affecting them.

And that is why we always tell people to start with learning so that they don't have to worry about the market too much. Everyone's focus should be on how to grow their assets the more, because there are more opportunities to add to what you already have. That is just the issue, so you need to be very careful with the mindset you have for bitcoin.

And bitcoin keeps increasing so the price will increase because the number of people investing in it is increasing so invest when you can so that you don't have to spend a lot of money when it is time to increase so every investment needs a strategy to get what you want

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Bitcoin did pretty well in 2024, and it is the best-performing asset among those listed in the chart. But it's also a fair point that it's not the best overall if you look at some other assets which aren't on the list, including MicroStrategy shares, as Poker Player mentioned. It's also worth noting that the thing with Bitcoin is that it has different years. Some years are pretty good, like 2024, but some are very bad, like 2022. That's why it's not the best idea to invest in Bitcoin if one isn't okay with skipping a couple of years, waiting out the bear markets. So the profit comes with its risks.

?

Activity: -

Merit: -

In all sincerity, I pity people who still have doubts about bitcoin
Bitcoin has proven itself over and over again
The price of Bitcoin was literally around $20,000 just 2 years ago and now has hit a mark of $67,000 this is double the initial price there are only few investment options that can actually render you such a profit in such a short amount of time what other proff does a person need
Well, I consider such a person as being foolish and ignorant, and I don't even bother convincing them to invest in bitcoin
Bitcoin has been on an up trend for years and is still going, but you still do not want to invest in it?
My prayer is very simple : Bitcoin keeps rising and keeps proving doubters wrong

adultcrypto

sr. member

Activity: 476

Merit: 307

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.

sarmrakib

full member

Activity: 1292

Merit: 101

Vave.com

Quote from: PX-Z on October 27, 2024, 06:50:20 PM

That's obvious because of bitcoin's volatility, if someone invest bitcoin on october last year, their investment got doubled already just a year passed, that's pretty fast ROI record there. Unlike other type of investments ROI will comes in, 2-5 years. With this growth only matters is risk, if how risky you are to invest on such high volatility asset.

We love btc and crypto market for its high volatility. We all have seen that how much investor got return after investing on it on low price. The price of btc is continuously climbing and breaking its own past low level. Remember we need to become patience after investing it for long term. Surely ot will help us to get a good return. Short term investment is highly risky on crypto market. Though its also profitable if you able to read market closely. We have seen on the trade how btc has broken its past level and continuously going up and year end. So meed to be wise entry to get a good return.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: Frankolala on October 27, 2024, 11:01:52 PM

Quote from: EluguHcman on October 27, 2024, 04:06:37 AM

With my common sense of reasoning, real estate such as rentage properties situated in massive and competitive regions in including stocks such as consumable commodities are also more profitable regarding that human first aid needs are accomodations and what to eat to sustain lives before chasing wealths.
So this sectors of investment to me is more profitable than Bitcoin regarding that there is intense of highily increases of inflations which has been more effective on the above mentioned Landed properties and Stocks.

I disagree with you that due to inflation, landed properties and stock are more profitable than bitcoin in recent years. Do you have any proof on this. Bitcoin in amongst one of the best and high profit generating investments since its creation till date. This is because, it is limited in supply and the halving event helps to trigger the price of bitcoin since miner's reward reduces in every four years. Decentralized nature of bitcoin and using bitcoin as an edge against inflation also contributes to the rapid growth of bitcoin in value.

From 2022 to now, the price of bitcoin has increased from $15k to $68k, which is an increase of more than 4 times. Apart from bitcoin, no other investment can do that, so it can be said that bitcoin outperforms every other investment, be it real estate or stocks of any company. But saying that it is the best investment is not entirely true, it is just an investment that brings high returns but comes with high risks.

Furthermore, using a highly volatile asset to hedge against inflation is neither a good idea nor a driving force behind bitcoin's value. Before bitcoin rose from $15k to $73k, bitcoin also fell from $68k to $15k in a short period of time. Bitcoin's volatility is too high to be used as an inflation hedge in the short to medium term.

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: Lucius on October 28, 2024, 05:52:01 AM

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

~snip~
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.

I have always been of the opinion that people should not be persuaded to invest in Bitcoin, because some of them will react very negatively to such "persuasions" - which has some logic if we take into account that there is a theory that says that the price of BTC rises only for reasons that those who have already invested are persuading others to do the same.

In addition, all the risks that come from trying to persuade your friends and acquaintances to do something are simply too great to be worth the risk. In addition to volatility, everyone is susceptible to hacking of any kind or even physical attack - and if that happens to them, guess who will be the first to blame?

Bitcoin is truly something that has exceeded most people's expectations when it comes to price growth, and those who realized its potential in time certainly have far better financial stability today than others.

Price of BTC goes up as more skin is put into it by everybody - common people, whales, institutions, and so on. That's my view on it.
It got to the point of being able to be used as the reserves on someones national scales, that says a lot about its path that it took and still going.

Lucius

legendary

Activity: 3234

Merit: 5637

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

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

~snip~
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.

I have always been of the opinion that people should not be persuaded to invest in Bitcoin, because some of them will react very negatively to such "persuasions" - which has some logic if we take into account that there is a theory that says that the price of BTC rises only for reasons that those who have already invested are persuading others to do the same.

In addition, all the risks that come from trying to persuade your friends and acquaintances to do something are simply too great to be worth the risk. In addition to volatility, everyone is susceptible to hacking of any kind or even physical attack - and if that happens to them, guess who will be the first to blame?

Bitcoin is truly something that has exceeded most people's expectations when it comes to price growth, and those who realized its potential in time certainly have far better financial stability today than others.

Taskford

hero member

Activity: 2520

Merit: 783

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

Quote

According to the latest report from New York Digital Investment Group (NYDIG), Bitcoin continues to stand out as the best-performing asset in 2024. Additionally, Q4 is expected to remain positive for Bitcoin’s price, despite facing various challenges.

https://beincrypto.com/bitcoin-best-performing-asset-2024/

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.

Aside from that they can also point out this article created by coinmarketcap 13 days ago https://coinmarketcap.com/community/articles/670e5e59650acf586937ed0a/

Also this data https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

We can see with this that holders is truly gaining. If they are not sure on how they deal with bitcoin then provably these statistics can somehow prove that their wrong assumptions does not have any good basis. That's why before engaging for long term with bitcoin they should know the price history so that they would have strong confidence that bitcoin would perform more better in future.

Topic: Bitcoin is the most profitable investment year to date. - page 5. (Read 1254 times)