How Bitcoin mooved from grass to grace.

Agbe

legendary

Activity: 1022

Merit: 1341

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

$30k.

Well according to a saying if there is no mistake, there will be no correction. One must make a mist for him or her to correct her or himself to avoid such magnitude of mistake again. To some extent I might also agree with you in the sense that if you are investing for a long time investment then there is hope at the end. But if you are using it for trading there is full time risk in it. You can loss all your coin in five minutes.
That amount you mentioned there is not the ATH price of bitcoin. BTC price had passed that price so the ancient bitcoiners are expecting $100,000 plus price from bitcoin from next year.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

There will always be topics that spark some controversy with how it was written. But, I agree on the idea and the mindset, yes bitcoin is something that may make us rich and it's good to buy and hold it.

I know that it's not going to be "riskless" and I know that there are risks involved and that is why it is so important to be careful when you are investing, but that doesn't change the fact that it's still one of the better assets in the world to hold right now and anyone who could buy and hold it for at least a decade, will "probably" end up being richer. I am saying "probably" because there is no guarantee but it does look like it's going to be a decent thing to do.

Die_empty

hero member

Activity: 686

Merit: 987

Give all before death

Quote from: uche6215 on February 06, 2023, 02:40:15 AM

Quote from: _act_ on February 06, 2023, 02:23:35 AM

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

If the person needs the money he invested it is he's/her Choice. Before investing on something I think you must have given your self a terget .
I have a friend who has 0.8 BTC but and he don't want to use it.
He said if he's Bitcoin does not rise to 1. He will not use it for anything.
So investing on Bitcoin and letter draw back on it is by choice.

I think @_act_ is trying to point the OP to the fact that you cannot just speculate on the price of bitcoin without verifying the source of your information or prediction. It is also important to state that although bitcoin is a good investment but the risk associated to the sector shouldn't be overshadowed by baseless prediction.

Although bitcoin is a long time investment that require patience and bravery but their are some emergencies that could force someone to sell his coins. I have come across some diehard bitcoin investors that had to dispose thier coins due to issues like health or loss of full time jobs. Therefore unforseen circumstances could affect ones financial plans or predictions which could warrant them to sell below the buying price.

Cantsay

hero member

Activity: 700

Merit: 541

Bitcoin Casino Est. 2013

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Because it's well organized. Remember when the price of Bitcoin was very low and letter on the price of Bitcoin shocked the world when got to $19,000 I think so. The mistake I made at that time was that I didn't have lot of money to buy Bitcoin if not that I think by now I will be having about 15 BTC.

15 BTC? Op I hope you're aware that the Bitcoin you own doesn't increase on it's value does. So even if you have been hodling onto 0.2 Bitcoin since 2017 till now it's still going to remain 0.2 even in the next 12 years to come. So I don't quite understand by what you mean by having "15 BTC" by now. Do you mean having BTC that's worth 15 BTC compare to when you bought yours or what? Do you mind throwing more light on it.

CageMabok

hero member

Activity: 1050

Merit: 844

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

I think the lunched of Bitcoin was to help improve the little knolodge of most people who are willing to invest in crypto currency .
Investing your little money on Bitcoin isn't a RISK, ask me how.
Because it's well organized. Remember when the price of Bitcoin was very low and letter on the price of Bitcoin shocked the world when got to $19,000 I think so. The mistake I made at that time was that I didn't have lot of money to buy Bitcoin if not that I think by now I will be having about 15 BTC.
The way am seeing things, from now till about 5 years time Bitcoin will be about $30k.

I see you've only been in this forum for five days. OK, I guess that's not a problem to look at, but if you talk about Bitcoin more. I don't think everyone needs to ask you more because maybe they already saw a price of $19K at the end of 2017 and experienced a huge increase in the final quarter of 2021. Actually this is enough to prove that Bitcoin is still very good to own and also kept for the long term because the target is of course not just for the price of $30K, but more than that and even three times the price of $30K if the timeframe is five years as you say.

Source: https://coinmarketcap.com/currencies/bitcoin/

Smartvirus

legendary

Activity: 1554

Merit: 1139

Quote from: _act_ on February 06, 2023, 02:23:35 AM

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

A most ignored fact that keeps messing people up.
When individuals thinks of cryptocurrencies and picking an investment, they often tend to look at it from the price of today or the ATH of 2021 in comparison with those of the genesis years in 2009/10.
Apparently, those are long lost years and long lost opportunity to have taken advantage of that price.

The market is bearish now, bitcoin investment is good and promiscuous but, it would always have risk enveloped around it and should you not approach it with a possibility of a lose, you might eventually lose and it would hurt.

When investing, have a plan for your investment and try not to panic sale through all the FUD that is been promoted. Bitcoin often comes through.

Husires

legendary

Activity: 1596

Merit: 1288

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

The mistake I made at that time was that I didn't have lot of money to buy Bitcoin if not that I think by now I will be having about 15 BTC.

It is most of the wishes in human history, and it may last for a while, so your grandfather was remorseful because he did not buy a piece of land that was sold for one dollar, and your father regrets that he did not invest in Microsoft or Apple, and today you regret buying bitcoin, and if time returns to you, you will most likely not buy bitcoin, so think about the future.

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

The way am seeing things, from now till about 5 years time Bitcoin will be about $30k.

You may want to buy bitcoin, but the circumstances do not allow it, for example, economic problems, high bills, inflation, life conditions and many other problems.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: uche6215 on February 06, 2023, 02:40:15 AM

Quote from: _act_ on February 06, 2023, 02:23:35 AM

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

If the person needs the money he invested it is he's/her Choice. Before investing on something I think you must have given your self a terget .
I have a friend who has 0.8 BTC but and he don't want to use it.
He said if he's Bitcoin does not rise to 1. He will not use it for anything.
So investing on Bitcoin and letter draw back on it is by choice.

You did not answered the argument made by @_act_, bitcoin is a great asset and investment opportunity but there is no need to make it more than what it is, by design the majority of the traders and investors have to lose money, any money you have earned is money which belonged to someone else but they lost it to you, and just as you can earn money you can also lose it, then it is pointless to argue there is no risk when investing in bitcoin when this is clearly the case.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Plaguedeath on February 06, 2023, 03:49:18 AM

You think Bitcoin need 5 years in order to reach $30K? it's too long! we might see it sooner for the next 3-6 months if the world economy will become better and there's no recession happen.

Bitcoin isn't a tutorial or guide to invest in crypto currency, it's one of coin that you need to choose if you want to invest. After all it depends on everyone if they want to invest in Bitcoin or not, they can learn first before invest or they can buy it without any knowledge.

$30k level is not too hard to achieve and yes, we may see it happening in the next few months not 5 years.
But the OP is very conservative with his estimates, he can easily get his ROI plus profits with his investments.
A lot of people are coming into the crypto market with the thought that they can easily get their profits fast.
However, they will soon realized that there's more than meet the eyes in this market, it is no easy task to be acquainted with the ins and outs in crypto.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

I think the lunched of Bitcoin was to help improve the little knolodge of most people who are willing to invest in crypto currency .
Investing your little money on Bitcoin isn't a RISK, ask me how.
Because it's well organized. Remember when the price of Bitcoin was very low and letter on the price of Bitcoin shocked the world when got to $19,000 I think so. The mistake I made at that time was that I didn't have lot of money to buy Bitcoin if not that I think by now I will be having about 15 BTC.
The way am seeing things, from now till about 5 years time Bitcoin will be about $30k.

There should always be risk with any investment, including bitcoin investment. High or low risk of your investment only really depends on how many bitcoin you have, I mean the smaller the value of your investment, the smaller the level of your losses - as well as the potential profit.

You may become an experienced user after while, and it will teach you well that price movements in the market are simply volatility that may not need to hurt you in the long term. Good patience will make you get more profit because usually the price is still possible to be higher than what you expected. Of course in the short term it is difficult, but anything looks possible in the long term.

fuguebtc

hero member

Activity: 1960

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: Inspiron14 on February 06, 2023, 03:08:35 AM

Quote from: _act_ on February 06, 2023, 02:23:35 AM

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

That's right even though Bitcoin is a promising investment and safer than other coins but still there are risks,
it's not that easy to invest in Bitcoin because if you don't have the knowledge and skills it will be easy to lose,
don't think it's easy to make a profit.

Bitcoin is only considered safer than altcoins, but compared to other investments like gold or stocks, bitcoin is the riskiest and also the most profitable. Not only bitcoin, when participating in investment or business in any field, you also need to have knowledge because no knowledge is like gambling. There is only one way to succeed, and it is through knowledge. Without knowledge, we will face many difficulties, investing in bitcoin is no exception.

Plaguedeath

hero member

Activity: 854

Merit: 663

You think Bitcoin need 5 years in order to reach $30K? it's too long! we might see it sooner for the next 3-6 months if the world economy will become better and there's no recession happen.

Bitcoin isn't a tutorial or guide to invest in crypto currency, it's one of coin that you need to choose if you want to invest. After all it depends on everyone if they want to invest in Bitcoin or not, they can learn first before invest or they can buy it without any knowledge.

Inspiron14

full member

Activity: 1064

Merit: 101

Quote from: _act_ on February 06, 2023, 02:23:35 AM

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

That's right even though Bitcoin is a promising investment and safer than other coins but still there are risks,
it's not that easy to invest in Bitcoin because if you don't have the knowledge and skills it will be easy to lose,
don't think it's easy to make a profit.

uche6215

full member

Activity: 334

Merit: 121

Quote from: _act_ on February 06, 2023, 02:23:35 AM

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

If the person needs the money he invested it is he's/her Choice. Before investing on something I think you must have given your self a terget .
I have a friend who has 0.8 BTC but and he don't want to use it.
He said if he's Bitcoin does not rise to 1. He will not use it for anything.
So investing on Bitcoin and letter draw back on it is by choice.

Nwada001

hero member

Activity: 700

Merit: 673

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

I think the lunched of Bitcoin was to help improve the little knolodge of most people who are willing to invest in crypto currency .

The creation of Bitcoin was for the purpose of defeating current monetary policy and making money very accessible to all without limitation. Correct me if I am wrong.

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK, ask me how.

There is no investment without risk, so before you invest in any stock or in any digital currency, always keep in the back of your mind that there might or will be a detriment in the future. In case you want to convince anyone to invest in Bitcoin, always tell them that the market will not always be in their favor and that there is also a possibility of losing investment capital. By so doing, you will not get yourself into trouble.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

Quote from: uche6215 on February 06, 2023, 02:19:20 AM

Investing your little money on Bitcoin isn't a RISK

Assuming you invested when bitcoin price was $65000, will you be happy by now? The price of bitcoin may reach $100000 and the person may later gain, but what if he needs the money and sold at loss? Do not say investing in bitcoin is not risky, it requires knowledge and experience for not to invest at wrong time.

uche6215

full member

Activity: 334

Merit: 121

I think the lunched of Bitcoin was to help improve the little knolodge of most people who are willing to invest in crypto currency .
Investing your little money on Bitcoin isn't a RISK, ask me how.
Because it's well organized. Remember when the price of Bitcoin was very low and letter on the price of Bitcoin shocked the world when got to $19,000 I think so. The mistake I made at that time was that I didn't have lot of money to buy Bitcoin if not that I think by now I will be having about 15 BTC.
The way am seeing things, from now till about 5 years time Bitcoin will be about $30k.

Topic: How Bitcoin mooved from grass to grace. (Read 107 times)