Topic: is bitcoin a good chance for the future - page 6. (Read 1310 times)

Good question and I like a newbie like this asking a basic but very important question.
I highly recommend you to read this website ^{[ https://bitcoin.org/en/ ]} everything you will ask was there, from knowing bitcoin itself --to a bitcoin wallet for storing your bitcoin and how you will buy bitcoin in the safest way.
There are no losses as long as you hold your bitcoin and never sell at a low price, for example --you have bought bitcoin at the price of $22k and if you have to sell, it should be above that price.

If you don't know about Bitcoin, the reason you should trust Bitcoin and you worried you will lose after you invest in Bitcoin, it's better if you learn about Bitcoin and only invest after your fully understand about Bitcoin first. Because it's nothing new when a random person invest in Bitcoin, but after a month the price doesn't increase, they will call Bitcoin is scam and they will take loss in order to prevent huge losses in the future.

It's true you might suffer huge losses in the future, but it's not entirely correct since Bitcoin price mostly increase after holding for at least next 4 years.

First of all you need to learn about bitcoin and it's historical findings and i will suggest you with this link  https://bitcointalksearch.org/topic/full-historic-events-of-bitcoin-since-2008-in-chronological-order-5224282 and bitcoin price correction since 2010 https://bitcointalksearch.org/topic/bitcoin-price-history-and-the-expected-events-in-the-coming-halving-5245564 you have to understand that learning about bitcoin is what you need to always create time for on your own in learning about it, understand that the reason why bitcoin is volatile and what it means in determining the price, when you have the knowledge you wouldn't loss your investment and you also need to understand the timing to buying, selling and holding bitcoin, no one can guarantee you profit with your investment but know that bitcoin is a profitable investment only if you understand how this can be done especially when you hodl with time, buy the dip, use a DCA buying pattern and get a personal decentralized wallet to have your coins.

actually no one will know the price of bitcoin for the future, and most people only predict that the price of bitcoin in the future will be high.
but in investing in bitcoin the most important thing is knowledge first... or it could be to invest in the beginning you have to have a small capital first, so the point is learning while investing with small capital.
that way we will feel how investing in bitcoin but the risk is not too big.

yes, now I understand, yes' indeed, if you think about it, everything also carries risks,
thank you for the advice, it means I will continue to study before investing.

I do not know.  Does it have potential?  It seems like it is dying yet again, does it not?  Of course we are not here for something that is dead.  We like things that are alive and do well.

Irresponsibility.  Greed.  Stupidity.  There are many reasons.  If you worry about losing the Bitcoin you are about to invest, you are doing it wrong.

-
Regards,
PrivacyG

When you invest, you can't just expect profits without losses, bitcoin like other investment assets can make a profit as well as cause a loss. I have never seen a speculative asset without risk, bitcoin is an asset, a tool for speculation, and it is up to you to decide whether you lose or gain.
As a newbie, you should prioritize and focus on knowledge, when you have knowledge about bitcoin, all your questions will be answered. You want to invest but should not invest without knowing anything about it, IMO.

Bitcoin have a good track records since it creation over a decade ago, and that can be seen and studied from bitcoin chat movements since 2010 when the coin gain tractions. so to this point i can clearly say, Bitcoin have a great potential for the future but then you will also have to make clear what bitcoins future potential you looking out for.
 Because we tend to have individuals expectations to some people there will love to see bitcoin reaching some certain hight in the future in areas such as.
1: Bitcoin price in the future.
2: the rate of bitcoin adoption globally.
3: ease of accessibility for newbies and beginners.
4: Bitcoin utility increase via decentralized payment systems
All this are the common bitcoin individual expectations, and all this are build on individual understanding of bitcoin and what it stand for and how long it will take for Bitcoin to realize this potential and the time frame we are ready to wait for that to happen.
You don't lose when you invest in bitcoin, you only lose when you exchange your bitcoin to dollars below your entry dollar value.
So ultimately no one loses in Bitcoin when you hold your bitcoins, its value remains the same if not calculated based on DCA but in bits, so you only lose your investment when you exchange bitcoin below your bought price as an investor.
My advice to you as a newbie
1: Build a good knowledge of bitcoin and how its DCA price movement has acted over the years so that your knowledge will aid you during any crisis in Bitcoin price which will range from different factors that cant be controlled by individuals, factors like the inflation rate in the economy and other events that could cause a short term price behaviour in whatever direction.
2: don't see bitcoin as a get-rich-quick scheme, it doesn't happen that way and those that see Bitcoin as a get-rich-quick scheme always end up in disappointed when bitcoin do not reach its imaginary price.
3: bitcoin shouldn't be taken as a short-term investment, you are ready to invest in bitcoin, then you must be willing to wait for as long as possible that is why bitcoin is for holders and not for weak hands as an asset.

You can't loss money investing in bitcoin and you come at the right time since we are still in a bear market right now, the worst that could happen is if you get tired of holding and sell at a loss, if you invest the money you won't be needing any time soon you will reap good profits.

This can take a long time that's why using money you don't need is important, to see a new all time high again with bitcoin you may have to keep holding till 2025, are you ready for this?

There are reasons why people trust Bitcoin that's why I will like to advice you to start doing your own research, you need to understand why Bitcoin is valuable and also how to protect your fund, for beginners I recommend Electrum wallet or a hardware wallet, and do not share your seed or private key with anyone, it is meant to care for like how you treat your ATM card pin code. Do not share with anyone.

You can read more about bitcoin here ASAP

https://www.investopedia.com/terms/b/bitcoin.asp

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?