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

Rockstarguy

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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.

I think bitcoin have so much grown beyond the value whereby people needs to convince others to invest in bitcoin. The value of bitcoin is very visible and clear for people to see how profitable it is if research should be done.

To be honest bitcoin is one of the most profitable investment to go into if it is well understood and not just to make quick profit as a reason to invest. Bitcoin is not just only the most profitable investment to go into but it is the most affordable to invest. Other investment it is not easy for people who earn low to invest in it because it is an investment that one needs to have a good sum of money to invest in it , while bitcoin no matter what you earn as income DCA method can be used to accumulate good amount of Bitcoin.

Cryptmuster

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Quote from: michellee on October 29, 2024, 07:12:35 AM

We'll see it later while we can still accumulates more Bitcoin and prepare for the coming. Although I also doubt if the price can go to $100k in the end of the year. But if that can happen, I will be happy and I am sure many investors have the same feeling as me.

Hopefully, the price will still increase and slowly reach $80k in the next month. The bull run will happens but we must be patient waiting for that.

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.

fikrett

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Quote from: michellee on October 29, 2024, 07:12:35 AM

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

Quote from: fruktik on October 29, 2024, 03:08:04 AM

Quote from: FortuneFollower on October 29, 2024, 01:58:01 AM

Do you think it will happen around the start of 2025, or sooner?

I still think that it will happen this year. If you look closely at the chart, you will see several attempts to overcome strong resistance. This time, most likely, it will still be possible to break it and the price will go to a new historical maximum. This possibility cannot be completely excluded. It was not for nothing that they bounced off this level so strongly and went down. Players gained liquidity in such a way as to break the sellers and push through the $70,000 mark.

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

We'll see it later while we can still accumulates more Bitcoin and prepare for the coming. Although I also doubt if the price can go to $100k in the end of the year. But if that can happen, I will be happy and I am sure many investors have the same feeling as me.

Hopefully, the price will still increase and slowly reach $80k in the next month. The bull run will happens but we must be patient waiting for that.

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.

michellee

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

Quote from: fruktik on October 29, 2024, 03:08:04 AM

Quote from: FortuneFollower on October 29, 2024, 01:58:01 AM

Do you think it will happen around the start of 2025, or sooner?

I still think that it will happen this year. If you look closely at the chart, you will see several attempts to overcome strong resistance. This time, most likely, it will still be possible to break it and the price will go to a new historical maximum. This possibility cannot be completely excluded. It was not for nothing that they bounced off this level so strongly and went down. Players gained liquidity in such a way as to break the sellers and push through the $70,000 mark.

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

We'll see it later while we can still accumulates more Bitcoin and prepare for the coming. Although I also doubt if the price can go to $100k in the end of the year. But if that can happen, I will be happy and I am sure many investors have the same feeling as me.

Hopefully, the price will still increase and slowly reach $80k in the next month. The bull run will happens but we must be patient waiting for that.

betswift

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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.

fikrett

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Quote from: fruktik on October 29, 2024, 03:08:04 AM

Quote from: FortuneFollower on October 29, 2024, 01:58:01 AM

Do you think it will happen around the start of 2025, or sooner?

I still think that it will happen this year. If you look closely at the chart, you will see several attempts to overcome strong resistance. This time, most likely, it will still be possible to break it and the price will go to a new historical maximum. This possibility cannot be completely excluded. It was not for nothing that they bounced off this level so strongly and went down. Players gained liquidity in such a way as to break the sellers and push through the $70,000 mark.

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

tabas

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

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.

This is true, when I was new to Bitcoin every few bucks of fluctuation I was already in a heart attack. But thanks to that experience that made me stronger with its volatility and by having that, I took that as an advantage and learned it while I was in the process in the past. Those who are here now and have taken the risk of having Bitcoin as their asset will learn it just as we've learned it. It's about the trust that they're putting in Bitcoin and soon they'll answer that with words of telling it to the others that it was worth it.

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.

I rarely tell my peers about that latter description or anyone who's talking to me about Bitcoin. I'm mostly telling them about it as an asset and an investment. But I don't tell them quickly to go and buy them, I've changed because of my past experience as well when someone blamed me for seeing how volatile Bitcoin was but I never lack of telling them about its feat.

Minor Miner

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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.

fruktik

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Quote from: FortuneFollower on October 29, 2024, 01:58:01 AM

Do you think it will happen around the start of 2025, or sooner?

I still think that it will happen this year. If you look closely at the chart, you will see several attempts to overcome strong resistance. This time, most likely, it will still be possible to break it and the price will go to a new historical maximum. This possibility cannot be completely excluded. It was not for nothing that they bounced off this level so strongly and went down. Players gained liquidity in such a way as to break the sellers and push through the $70,000 mark.

FortuneFollower

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Quote from: fruktik on October 29, 2024, 01:51:27 AM

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.

If you look at the chart, it is already obvious that since the beginning of this year, people have managed to make good money on the growth of Bitcoin. I am interested in a completely different question. What will happen next? At the moment, another test of a fairly strong resistance is taking place. Will it be possible to push through it? If so, the price will fly even higher and then the profit will be much greater. We are waiting and believing in it. I myself have my fingers crossed and believe that buyers will still be able to implement this in practice.

Do you think it will happen around the start of 2025, or sooner?

fruktik

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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.

If you look at the chart, it is already obvious that since the beginning of this year, people have managed to make good money on the growth of Bitcoin. I am interested in a completely different question. What will happen next? At the moment, another test of a fairly strong resistance is taking place. Will it be possible to push through it? If so, the price will fly even higher and then the profit will be much greater. We are waiting and believing in it. I myself have my fingers crossed and believe that buyers will still be able to implement this in practice.

Jewan420

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Patience and hard work are the keys to success.

Yes those who bought early 2024 and are still holding are definitely going to reap huge gains. It does not mean that you will buy at the beginning of every year and give you a good return at the end of the year. The year 2024 is considered a bullish time for Bitcoin. Nowadays people are showing interest in Bitcoin due to which Bitcoin price is increasing day by day. Some of the smaller countries are also increasing the popularity of Bitcoin by recognizing it and contributing to its value.

We should also pay attention to our real estate investments. We would call Bitcoin investment only investment, but real estate investment is a service. I see it as negative for society or country to reduce real estate investment and increase investment in Bitcoin.

FortuneFollower

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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

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

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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

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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

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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

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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

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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

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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

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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.

Topic: Bitcoin is the most profitable investment year to date. - page 5. (Read 1511 times)