Topic: is bitcoin a good chance for the future - page 3. (Read 1310 times)

Well, with what everyone see Bitcoin as and with what is happening we can say it is a good chance for the future but the truth is no one can actually tell for sure what will happen in the nearest future but we hope and believe in Bitcoin because of its uniqueness, value, potential etc.

I have the same doubts. I always think that maybe it will fall further and then I will buy it, and then it goes up and I miss an opportunity again.

Cryptocurrency is the future of the world financial system. And Bitcoin is the one leading evolution which makes finance to be decentralized, giving equal financial power to all.

The price of Bitcoin is one of the things that do motivate investors whether to keep buying or wait for the market to reach a certain level before they sell. If the price keep going down, a lot of investors would be panic thinking of whether buy or sell since the market has to tendencies of going up in the main time. The way we analyse the market is very different so some investors might see it as an opportunity to keep buying more holdings while some may want to look for  opportunity to sell so that they will not make too much loses from market.

I will try to answer one by one.

Bitcoin has shown promising growth and has gained recognition as a decentralized digital currency. However, it is important to acknowledge the risks involved. Many people experience losses in Bitcoin investments due to several factors if they don't understand and no patient. This because cryptocurrency market is very volatile, and the value of Bitcoin can fluctuate significantly in a short period of time. This volatility exposes investors to the risk of sudden price drops, resulting in financial losses


Investing in Bitcoin requires a thorough understanding of the technology and market dynamics. Lack of knowledge or making impulsive decisions without proper forecasts can lead to losses. Remember, when you enter the market psychological factors working in your mind such as fear and greed can influence investment decisions. FOMO (Fear of Missing Out) can encourage individuals to make hasty investments at the peak of price spikes, potentially resulting in losses when the market corrects.

What I want to say is that everything has a cause and effect and all investments and everything needs to be prepared starting from knowledge, funds, mentality, the latest news and patience if you want to become a financial winner in this money market.

Most people who experience losses in bitcoin investments are because they don't have enough insight before starting to invest. And another thing is due to a weak mentality that is easily affected when seeing price volatility in the market. which sometimes makes panic or sometimes makes greedy.

so the points that make someone lose in bitcoin trading are
✓ Not understanding bitcoin itself
✓ Not understanding crypto market movements which always have high volatility
✓ mentally weak
✓ easy to panic
✓ and too greedy.

You know in fact in this era or generation currently, most people today around the world know that bitcoin is a major investment opportunity when it comes to long-term matters. If there are people or investors who have lost in Bitcoin investment, maybe they are the investors who had doubt and anxiety during the times when its value was sinking in the market.

But if you are really the long-investors, that means you are the kind of person who is ready to hold bitcoin for a really long time, let's say 5-10 years, because the others who lost or lost in less than 1 year or 2 years immediately panicked, which means they are not really long-term investors and are not deep into Bitcoin yet.

I agree with you, if someone wants to hoard bitcoins I think it's not a matter of bitcoin prices going down rather than going up. Because most people who own bitcoins know that the price of bitcoins will always go up, and they have no problem with that. The problem is that there are many people who are in too much of a hurry to make a profit and end up facing losses. But my advice is to buy bitcoins and wait until the price goes up to make a good profit.

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.

If you don’t know much about bitcoin, then you have to go and have proper understanding about what bitcoin is all about, you shouldn’t invest in what you don’t really know about, if you invest without knowing much about bitcoin, then you might end up losing money also, bitcoin is not a get rich quick scheme you should know that, bitcoin investment requires great patience, you have to be prepared to hold whenever you are planning to invest in bitcoin, if you are investing in bitcoin for short term, don’t be surprise you might end up losing money also.

Their are different ways which makes people lose their money after investing in bitcoin, some people think bitcoin is a Ponzi scheme, they are losing for easy money which at the end they will be scammed, some people don’t have patience, they do invest in bitcoin for short term, and but if you really want to invest, then you should be ready to hold for long term, some people ended up storing their bitcoin on exchange, after the exchange have been compromised, their bitcoin is gone, some people didn’t properly back up their private key, which at the end they could access their wallet anymore. Their are still many more ways which people can lose their bitcoin, I just mentioned just few now.

It goes without saying that a good investor cannot purchase bitcoin at a high rate; all purchases should be made at least when the price has dropped. However, I don't believe that those who believe they can lose money by purchasing bitcoin are aware of the best time to do so. It is also preferable to purchase bitcoin with funds that we shouldn't have anticipated using so soon in order to affect the investment we made. However, I doubt that newbies to bitcoin have ever considered that.

You're say welcome too late - OP has become inactive in 123 days since last activity. LOL

It seems you have explained something the wrong way. Investing in bitcoin is to make a profit - while not all bitcoin investors will be profitable for one reason or another. If you fail to secure your wallet against hacking attempts or fail to back up your wallet in a safe place - then you will lose all those bitcoin.

Even if you don't have proper knowledge about bitcoin investing - it is very possible for you to get caught in ponzi scheme. With that in mind - bitcoin investing is a risky activity that can in fact make you lose all your money. Of course there are ways to minimize the risk - but they have to learn.

Totally agree with you that there will be no investor who will say that his capital was lost in Bitcoin.Just a little reminder that people who bought bitcoin at around $60k and bought it hoping it would go up.After that, the price of Bitcoin continued to fall and there was a time when the price of Bitcoin was less than $16k.

Maybe some of the people who bought around $60k sold during this entire period.So any investor in Bitcoin can only lose if the timing of his buying is wrong,because if you don't enter at the right time, you may also suffer losses in bitcoin.Always entering at the right time can give you a good profit,Or you may have to wait a long time.Where you will only be able to eliminate your loss but the profit you can get is very less.If the investment is made at the current price of Bitcoin, it is a good time to enter,and the coming bull season can give a good profit.

There aren't any bitcoin investments that will say they have lost money in them, so you can't just imagine that you will buy bitcoin today and start making much profit. I don't know if anyone has ever told you that they are losing money on bitcoin, but i think that is untrue. Profiting If you want to become a professional investor, you can buy bitcoin to hold for a long time, say years. At the end of that time, you will make a good profit; however, you cannot just buy bitcoin for a short time and make decisions about the future.

Welcome to the forum,regarding losing bitcoin. As an investor, you never think that you will lose money when you invest. Investing in bitcoin doesn't mean you can sell it at any time; it means investing for a period of time and selling it at a profit when the price increases. I don't think you will lose money in bitcoin just like people who lose money in bitcoin don't understand what investing is or how to do it.
What I'm attempting to explain is that bitcoin has a strong chance for the future because you invest over time in order to benefit, and I firmly believe that someone who is knowledgeable about bitcoin will never lose money until they sell their bitcoins at a depressed price.

With Bitcoin, there is a possibility of losing money, which has made many people millionaires as well as rained on lots of people, However, there are many ways to develop risk management skills, and records show that many people have profited from investing in bitcoin over the years , Take security seriously and hold, and since halving will be taking place next year, bull run will be around the corner no jokes only the strong can survive. If you can harden your heart despite the dump and you can hold, I don't think you will have any issues with investing in bitcoin.

Actually, before investing in anything, one must learn more about it. Attempting to invest in bitcoin is risky because its value might fluctuate, sometimes increasing and other times decreasing. This means that the investment is a loss and gain one.
     It can raise the investor's hint quite a bit at times.

Bitcoin is obviously a very good chance for the future and even the present as well, so many people are getting used to understanding the market value and potentiality’s of bitcoin. A lot of people taught it was so unreal and not worth investing on some years back, now they are regretting because of the rate at which the market value of bitcoin had skyrocketed during the past few years. It is highly predictable now because in the next coming years, bitcoin won’t be where it is presently and the rate at which bitcoin would have soar higher would cause a lot of traders and investors to be dwelling in money which is a huge profit for lots of investors and traders. One thing that I have learnt about investing on bitcoin and other cryptocurrencies is Patience, because if you’re patient enough to understand how the market works and the ways of the rise and fall of bitcoin, then you will know it possible supports and resistance levels, which at the end of the day will worth the waiting. So many investors investing on bitcoin now that bitcoin had fallen massively will definitely reap and enjoy their fortune of profits in the next one or two years by the time bitcoin starts rising.

We are people, we have different perspective in our life so it's better to do our own research so we can decide in our own. Cause for me about this [is  Bitcoin a good chance for the future?] for me it's a good chance as we all know how bitcoin work. Once a investor are not greedy and have a good patient then for sure Bitcoin is a good for then and for sure that they will be successful. But an investor is greedy and don't have patient then for sure losses are waiting in the end.

Better to make a check what bitcoin is and not just having into the hype of making an investment if you think bitcoin is good for you that's the time. ideal for accumulating bitcoin as possible bitcoin is not just the only deal here but also with the other factor such as the block chain technology the transactions before more transparent and secured but again take care if you want to invest market of the crypto so such volatile.