Topic: is bitcoin a good chance for the future - page 2. (Read 1220 times)

One need to be wise while chasing the bag. The bag can be very cruel and we lost everything, we don't have to be relaxed as crypto investors because the worse thing can happen and we might lose from the market holding thinking the market will keep surging high when it is obvious that everybody can not be a winner at the same time. We need to be wise and take decisions responsibly so that we don't lose money from the market while holding. Just like the previous bull market, at the end of the bull there are many people that lost money and that is why we don't need to be over too relaxed, we need to keep checking the news for information.

There are couple of things you have to know of when it comes to investment in Bitcoin,  There are Bitcoin traders, basically people that trade Bitcoin on daily basis to catch the up and down movement in the market, whereas in other side we have Bitcoin investors, basically people that invest in bitcoin , that is, people buys and hodl Bitcoin and wait for the price to rise to make profit, also here we have category of investors ,the short term, mid term and long-term investors, So what you do with Bitcoin would determine your profit and lost. The profitable people are the long-term Holders.

Well, Rx009 is asking about the future of Bitcoin in a forum dedicated to Bitcoin, so he/she should expect a positive answer

OP, carry out a proper risk assessment and make your own decisions, nobody has a crystal ball here and, even if we all share the same hope about the future, we can't be sure what will happen tomorrow.

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As you can see, nobody can accurately predict the future, but some predictions may come true with careful examination and research. In conclusion, it is predicted that bitcoin has a bright future for investment plans, which has been confirmed by numerous experienced bitcoin users. You can invest, but I will advise against investing all of life savings.

Bitcoin's been compared to a rollercoaster ride for good reason.  For sure, some savvy investors have made bank, but don't kid yourself - plenty of people have lost their shirts too.  It's a zero sum game, after all.  For every winner theres gotta be a loser holding the bag.  I don't wanna rain on any parades but let's keep it real.  Bitcoin can definitely pay off big time, but it can also burn ya if you aren't careful.

The number of people who have suffered losses by investing in bitcoins is very small.  But we cannot deny that there have been many because they invested the wrong time and did not hold it.  Investing in Bitcoin should be long-term and wait for the bull run.  There are many people who invest Bitcoin and withdraw it before the wrong run and withdrawing before the profit does not give them the profit they expected and they are disappointed.  And before investing in each coin one should have enough knowledge about it and then invest.

To my best of understanding the only lost one could encounter while investing on bitcoin is a inappropriate and unsecure wallets where investors stores their assets and the misplacements of your seed phrases.
Hence you can purchase your bitcoin with the exercise of patient in matter of time probably a long term and understanding the markets volatilities of when to sell to pull out your funds if you're a short term Investor and when to accumulate more with the DCA method then you're just good to go and have your assets secured While excelling on your bitcoin journey.

In theory, bitcoin is against inflation so when the fiat is losing their value the bitcoin is increase its value just like gold so I would say bitcoin is like digital gold but with double-digit APY so yeah bitcoin is a good for the future.

after halving bitcoin keep created new All time high and it always do like that for couple of halving. yes you can invest bitcoin by just holding it people lose in bitcoin maybe because people trade it with other thing or play futures or yes buy the bitcoin at the peak level.

He could say that, because since bitcoin was launched, it has continued to move and increase significantly, which means it has opened up job opportunities for the community, and in investment, no one has ever heard of anyone experiencing losses, everyone has made a profit, there are other indicators that bitcoin will be a big opportunity, namely the world will use legal means of payment in the future, if it currently exists, but not in all countries. Hopefully this will be a very profitable opportunity.

You gain experience about Bitcoin before I hope after gaining experience you will know for yourself if Bitcoin has good potential for future. I tell you that Bitcoin has a very beautiful golden future and people who have a mild experience with Bitcoin are also investing by seeing the position of Bitcoin. Bitcoin has become so successful in just over a century since it was once so cheap. If you think about it, you will notice how the price of Bitcoin has improved over the past few years. Currently Bitcoin reaches all time highs and we can see more new ATH in the bull market after the halving. One of the reasons most people lose their bitcoins is because they can't secure their invested wallets.

Buying and holding Bitcoin for the future is a sure way to riches. Although it may drop during the bear season but it will still make it high more than before in the next bull run. Hodling it for long is best way to achieve great in the space.

Well, this is truly some of the reason behind the loss in Bitcoin. But anyway, I didn't understand what it meant by "Weak mentality". Does this mean FOMo that when an unexperienced buddy does not understand the dynamics of the market and when FOMo comes, he considers it an opportunity as a result of which he becomes a victim of loss due to FOMo.
 

I hope you have understood from @Arenga pinnata's replay why people face losing in Bitcoin. I really appreciate his work; he explained the reason for the loss in Bitcion, and I will also explain how to avoid it.
 
Do you know how you can minimize/avoid the loss in Bitcion?

• The first thing you need to learn is the basic knowledge of Bitcoin as well as risk involvement.
• Second, you should think of investment by making the golden phrase "invest what you can afford" a topic.
• Third be aware from scams, like which exchange trade to use or which wallet is best to use. Becuse today, a prominent exchange can also cheat you, i.e., FTX.
• Forth is Hodl. It means Bitcoin should be kept for the long-term like be patients, patients because in short time you will not make as much profit as you can in HODL.
• The last one is that if you are future trader so don't trade with a high margin. Means not to be greedy.

Yes of course.  10 years ago people didn't know what bitcoin was.  Many did not understand.  At that time the price of bitcoin was very low.  Currently the price of bitcoin is 70000+ dollars.  Its price is increasing day by day.  So I think bitcoin has a good future.

The potentials of bitcoin is open. Mere looking at your question, it points out to the fact that you're newbie in the space and you still have a long way to go. Bitcoin comes first when we talk about investment in the system, I'm not going to relent and watch the opportunities coming my way fold up due to fear, doubt and uncertainty. I'm here for everything profitable but ensure to anticipate in projects that are promising and probably not the ones that will waste our time.

If you want to know if Bitcoin has good potential, google about the price history of bitcoin since its creation. After that, you will be able to tell whether bitcoin has potential in the future or not, and whether it's worth your investment

Why does the price of Bitcoin continue to rise? because Bitcoin is an attractive investment option, Bitcoin is also a classy investment that has unique characteristics so that its correlation with other investment assets such as shares and bonds is very low. Its high volatility makes Bitcoin the riskiest asset compared to investing in other assets, but if you look back, to be precise several years ago, Bitcoin has shown its class as an investment that can provide high returns. The high return on Bitcoin investment is commensurate with the risk.
Most investors are interested in investing in Bitcoin because it is the leader in market capitalization, the price of Bitcoin will increase over time and Bitcoin is also starting to be considered "People's Money" which makes its future even brighter.

Bitcoin is not generally for long term investment, it's the person who want to make use of it that will conclude on what to use it for, some people are using Bitcoin for their business transactions some are investing on it short term long term even more people that knows what they know about Bitcoin still using it for trading. One who's new to Bitcoin can say they want to trade Bitcoin instead of saying they want to invest in Bitcoin, if one don't know what he/she want to use Bitcoin for the person will made many mistakes.
However I could say that the OP should invest in Bitcoin for long terms and he should also use the DCAing strategy to invest if he wants to go for the long terms.

Not knowing about Bitcoin is not a problem, but if you follow the  forum you will surely learn a lot about Bitcoin. First of all keep in mind that Bitcoin is a long term investment. People who are inexperienced in Bitcoin i.e. newbies mainly invest in Bitcoin, when the price of Bitcoin starts to fall they lose patience and sell their Bitcoin investment and face losses. Those who invested in Bitcoin when it peaked in 2021 and who patiently held Bitcoin saw the profit come 2024 as Bitcoin went above $73k. Certainly I believe that Bitcoin has great potential in the future. If you invest from now then you can make good earn from Bitcoin.

Bitcoin is mostly suitable as a long term investment, so if you want to invest, better to make sure that you are not using your money that you are intended to pay your bills or to buy your daily necessities, that way you can hold your bitcoin for long without being bothered when to make quick profits.

Also, do not anticipate that investing in bitcoin is always a win-win scenario. Learn to accept that there are also inevitable losses, especially if your goals are not met so you end up selling some of your coins to avoid losing too much.

  Analyzing Bitcoin on the wheel of fortune is tough.  No one can predict the future with certainty. No one thought bitcoins will ever worth $20,000k some years back in 2017. No one thought bitcoins will get this much attention as it is getting today with a lot of investors investing heavily on the cryptocurrency for potential gains. But there is a slight tendency among crypto experts to a positive grow. The main reason behind the development of the Bitcoin blockchain was the aim of humans of having financial freedom, privacy and security. With that said: The human race will never let it happen that cryptocurrencies will disappear again. Man strives for freedom. Especially when others try to exclude them or to prevent them from increasing their own wealth. Governments, banks and other institutions tried hard to exclude certain people of gaining wealth. If a system tries to exclude or discriminate certain people, then there are always ways around this system. That’s why new technologies like Blockchain make it easy for us. But now, let’s hear what experts saying about the bitcoin in the future.
  The Bitcoin price in the future will be higher for sure. If one takes the majority of all expert opinions, this conclusion simply falls. The only big question mark is: What will be the Bitcoin price at the end of 2024? And what should we expect for the Bitcoin price in 2030? Generally, all cryptocurrencies relying heavy on the Bitcoin. If we look into price charts of Litecoins Ether or EOS then we see similar price developments. If the Bitcoin goes up, the others go up too. If the giant drops, so do the others. Many ICOs failed but there is no doubt: Cryptocurrency is really the future. The last couple of years even conservative but powerful groups of investors found the way into cryptocurrency. The market share of Bitcoins became enormous. So, does Bitcoins really have a good future? Absolutely !