Topic: Investing with Bitcoin will be the most profitable project of life. - page 2. (Read 345 times)

Also, I would like to say that "Past performances doesn't mean it will be the same in the future."

Yes we've seen the price of Bitcoin went up to nearly $70,000 from a dollar in a short span of time (12 years), but that doesn't mean that it will happen in the future. Though I believe that it will happen, there's still something in my mind saying that "With the unpredictability of crypto, there might be a chance that the price of Bitcoin might not reach 6 digits." What I'm trying to say is that, don't focus on one side, but at least think of the other side as well.

Keep your expectations at it's lowest so you will not feel disappointed in yourself. You're a newbie base on what you posted, and looking at the prices alone will give you a positive feeling. I know that because that's what I felt as well when I was a newbie, but over time, I learned how to lower my expectations because it's not a smooth sailing ride. Bitcoin might be a profitable investment for those who are holding it for long term, but for short-to mid term holders, there's a chance that it doesn't. It all depends on when you will sell it.

Be patient. 2 words that's very easy to say, but it's hard to do because of the fact that emotions are getting us all the time. Being patient means being emotionless as well. Good luck to you OP, and don't stop learning. That's what makes those famous businessmen rich right now.

No it doesn't. Past performance is not a guarantee of future performance. You need to answer what was driving the price growth in the past and would the same force be present in the future? Spoiler: no, because Bitcoin experienced this explosive growth due to being new and unknown to most people in the world. This phase is over, many people who wanted to invest have already invested, and those that didn't won't change their mind easily.

Bitcoin did not start with a market price of zero. According to the Wikipedia, from Jan 2009 to March 2010, there were no exchanges where it was being traded, so the price was basically set by users who transacts with it. It was reported that someone bought 5050 BTC for $5.02, so that should be 0.00099 per dollar.

You can still invest in Bitcoin and suffer loss, I've seen that happened before with some persons. Thus, it's very pertinent that you've a good knowledge of the market, know when to buy and when to sell. I also want to reiterate that Bitcoin is not a get rich quick money scheme, you need to be patient with your Bitcoin investment, hodling is golden.

I checked your registered date you're just about 4 days in the forum and I think you shouldn't be too excited about the little you have uncovered there's still much grounds for you to covered although it s all in a gradual process and if your main purpose to the forum was to learn then your knowledge about bitcoin will definitely expend as you voyage through the informative contents in all boards concerning bitcoin.

Avoid repetitive posting and what I mean by repetitive posting is making query posts that have already been made, to avoid doing so always make use of the search button at the right top corner to be certain if the topic hasn't been raised.

You will be needing this informations too as a guide moving forward:
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
FAQ: Everything you need to know about forum 'activity, account ranks and merit
Forum account: security, privacy, and recovery

If you look at the Bitcoin market in the short term of a day or a week, the Bitcoin market may look idle but if you look at it in a zoom-out mode, you can see that Bitcoin is moving in a highly volatile phase since it goes up and down and sideways before getting into a bull market and eventually break its ATH record every cycle in four year time.


Bitcoin was worthless when it was created, it is after Bitcoin entered the market that it got its price.  It has no demand during its first days so how could it have a price back then when it was just created?  Kindly enlighten me if I am wrong about this.
 

Bitcoin market value can not be zero as it was not even zero from the start, at least it will start with a price. According to what I read, the market value of bitcoin started with $0.03 when it was created in 2009.

That is just it and you are not doing anything wrong if you are holding bitcoin, all-time-high will be seen again.

We can say that as many as we can. But usually when it's about the losses, you'll see people selling at loss because they can no longer wait for the time that it should recover.

We know that if you're long term to Bitcoin, you'll never lose because that's how it is designed. The difference of our acceptance in our losses varies and even you say that but, when you are not that patient anymore and you call it a day and just wanna take the losses.

Then, that's the loss from investing on it.

Don't get me wrong. But  don't expect bitcoin value do make 1000% every few years or so again. It may happen, but you are late for the party dude.

Bitcoin gains were amazing in the past 10 years. The upward potential is not the same as before.

Just be careful and don't keep expectations so high.

I do not think that BTC price will go up. So investing in BTC, can be popular, but not profitable project.
Look here https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp. Bitcoin price is stable now.

I guess you mean $68,790 and not $68.790 as one look like hundred and the other as thousand.

It’s actually good that you have make out time to learn about bitcoin which I believe will be very beneficial to you, and I also don’t see bitcoin learning process as something that’s difficult, if we are talking about what you have studied about bitcoin it seems like it’s just about price history and nothing more.

If that’s true I will advice you learn more things about bitcoin’s especially about wallet, security, privacy, and other things which could really help you enjoy your bitcoin journey, and also you can learn the best accumulating strategy which is the DCA, as it will help you buy and grabs as much bitcoin as you can afford without even realizing you have purchased such number.

Ever since I joined the forum community I have wasted no time learning about Bitcoin. I'm trying my best to learn something from every post and I've gained a bit more knowledge about Bitcoin than before.
Although Bitcoin is a vast area that is not easy to learn about, the more we learn, the more knowledge we gain.
     The most surprising thing I learned was that I was both really surprised and happy to know the past, present and future market value of Bitcoin.
When Satoshi Nakamoto launched this virtual currency (Bitcoin) in 2009, the market value of Bitcoin was zero. But in July 2010 itself
1BTC = $0.09
then
    1BTC=$68.790 in November 2021
Which is slowly rising and is currently there
    1 BTC = $27,194.58
(I am new, if there is any mistake in writing please correct it)
    The price has doubled. This means investing with Bitcoin will never count as a loss project. Bitcoin is our future profitable investment.And patiently we should spend more time behind Bitcoin.