Topic: Is bitcoin best option to invest - page 6. (Read 1206 times)

Despite the convenience investment Bitcoin could give to anyone due to its decentralized system, if you lack the knowledge of course you will also lack the chance to profit. Bitcoin is actually a good investment if you know what you are doing, but if you think that this investment doesn't suit you which is the crypto currency, there's a lot of alternative investment. Because some peopel despite the knowledge they have but if they don't have the motivation to study and analyze thing because that doesn't suit their skills and thinking then it's okay to find another investment than Bitcoin. If you want you could start with some small business or buy some real state that you can open for rental like air bnb.

That is also something of the added value that bitcoin offers and although we are trying to buy with a slightly smaller amount of capital, compared to businesses and real estate which require a fair amount of capital to get involved. I mean it's not about making quick profits, but rather the approach in bitcoin can be accumulated with any amount of capital we have. This is what gave the younger generation the opportunity to try to capitalize on it and bitcoin will forever be a retirement gift in more independent financial freedom.

Building a business requires a long process that must be carried out by actors and no successful businessman generates quick profits in the short term by relying on little capital. It's the other way around with real estate which offers huge capital to get involved and there are many other things that many people may not be able to reach. The point is quite true that bitcoin is the best solution for now and we don't want to give any guarantees for the long term about bitcoin because people understand that very well.

I hesitate to invest in any altcoin before seeing the bull run yet. I invest in bitcoin because I trust bitcoin more than any other currency. I will also invest in altcoins but I want to see the bull run come first. Many altcoins will not reach the expected level, so I do not want to take risks.

While investing, we should invest in many coins and make baskets, but for now, I stay away from altcoins as I do not know which direction the price of any altcoin will go. If an altcoin exceeds a certain level then I am considering buying it. The situation is different for Bitcoin, it can always be bought.

Bitcoin is always the best digital currency to invest. Although Bitcoin is one of the best currencies to invest in, there are many other currencies in the market that have the potential to be successful, so instead of investing in just one coin, you should invest in different coins because if any of the coins you invest in changes too much, that  Investing can change your destiny. Just as we keep our money in multiple pockets rather than just one pocket to protect our money from pickpockets, we must invest in multiple coins to be profitable. One should build one's portfolio by investing relatively more in Bitcoin and relatively less in other coins.

Bitcoin is still the best option to invest in 2023. Literally any one can get it with as little as $1 and then grow upwards with the right strategy. Business and real estate requires that I have xxxx amount of money. The speed as which people, I mean the younger generation have escaped the rat race and most of them have become digital nomads is because of bitcoin. Yes, bitcoin in quote offers you the gifts of early retirement and financial freedom for forever.

I don't see real estate or Business doing that. You have to grind in businesses especially as a sole owner, 24 hours a day for years before you start to reap the benefits. Building a business would mess up your work-life balance and it has to if not, you are going to declare bankruptcy and shut down. I reiterate, bitcoin is the best option to invest in 2023.

Yes, we usually thought that was too easy but if you don't have good knowledge about Bitcoin and how to manage your wallet, you will be surprised that your funds are already gone. That is why I don't agree that Bitcoin is for everyone but rather say that we all have the opportunity, yet it is only our choice or desire to do it as it was not a good idea to force someone when they are not capable enough as in the end, they only regret it.
So I say, those who can afford to take risks can try Bitcoin but if not, better to forget it and look for an investment that we think can do it.

It is true that not everyone is economically qualified to invest in bitcoin but if I compare bitcoin investment with other investments, I find bitcoin investment much easier.  I mean, you can invest in bitcoin any amount you have, even 10$ or 20$, although the profit will be negligible.  but it's better than other investments, and there's nothing you can do with that money when you think about gold or real estate.  bitcoin is for everyone, but not everyone accepts it, it depends on each person's ability, bitcoin does not reject anyone.

Bitcoin is the only digital.currency that's close to guaranteed out of all other cryptocurrencies that existed, it's still a volatile asset and it has it's ups and downs that's why I said almost guaranteed, it's safer than others but it's not stable coin which means that loss are still possible investing in Bitcoin.

To make life-changing money out of Bitcoin now you will need to DCA into Bitcoin for a long period or invest a lot of money into Bitcoin, that's because the value isn't the same as it was in 2012.

This is why I believe that Bitcoin investment is not for everybody, Some responsibilities are at stake for some people and they won't be able to afford a Sat of Bitcoin, some won't be able to complete their HODL dreams, and they will get tired along the way because they are of needs.

That Bitcoin is the "most guaranteed" item is untrue. Even with Bitcoin, there is no guarantee on an investment. Therefore, just because something has performed well in the past does not guarantee that it will continue to do so. Those who believe they can just invest a large sum of money in Bitcoin and guarantee a big return may be in for a harsh shock.

Bitcoin, for all its splendor, could not work. Keep in mind that everything has an end, even enormous giants. Bitcoin is not here to stay. Despite the fact that we all adore Bitcoin, it would be irresponsible to not have a fallback strategy in case it disappears. It would be foolish to invest all of your money in it or any other single buy.

That being said, not everyone can succeed with HODLing. Some individuals require money. Furthermore, it is self-evident to state that someone must have "savings" before they can spend.

You are not saying anything new: one of the first advices in the investment world is diversification, never put all your eggs in one basket. It would be wrong with bitcoin (or any other cryptocurrency) just like it would be wrong with stock market or real estate because if for any reason one of those sectors would go down that means you would be losing a ton of money. But if 5-10 years ago it would have been wise to invest just a very small size of your portfolio in bitcoin, nowadays I think there is nothing wrong investing even 20-30%.

Your post is a little confusing, I mean compared to other investments like the stock market, or other alternative altcoins out there for sure Bitcoin is going to be the best investment that you could do just because it is the most guaranteed cryptocurrency that could easily give you profit. For me its kinda normal for them to see Bitcoin as the highest investing plan, and it's actually possible to earn millions on cryptocurrency if you're going to think about it, but even though it is possible it doesn't mean it's going to happen, Also it would depend on your investment if you invest a small amount for sure you're just going to earn a small amount as well. The higher you invest the higher the profit as well.

If you're going to invest in Bitcoin for sure just don't do it if you still don't have something that is going to sustain your needs, it's going to be a thing for sure because Bitcoin is a risky investment, you don't really want to sell your Bitcoin just because you needed money that could just end up losing your investment or selling to a lose. If you're going to invest you need it to HODL in order to make a profit and it would going to work if you don't have some kind of savings.

It is for sure going to be great if you have multiple income streams instead of just relying on Bitcoin investments. I've listened to some podcasts and it says that if you really want to get to something like a million early what you're going to do is invest in getting multiple income streams because if you only have 1 source of income it is going to be difficult to reach a million and it's going to be risky since if you lose that source of income you don't have anything that could sustain you.

There are people who relay completely on bitcoin. However it is always good to have it as an additional source at the beginning days and then prioritise as a major source of earning. Not everyone is able to overcome the risk with the crypto market which is the reason. When one completely relies on it, a major downfall would cause them to loss everything and the same could be life destructive.

Many people misunderstood Op but I think I got what he meant. To start;
Op, didn't mean that there's another coin better than BTC;
What he meant is that apart from bitcoin investment, there are other types of investment like import and export, Real Estate etc;
Op, the choice of bitcoin doesn't mean there are no other investment options.
To me, bitcoin investment is the most convenient.
I can't imagine the process to register as an importer and clear your goods at the bother.
I do not say bitcoin should be your only option, you are free to diversify.
But don't undermine the power of bitcoin, not everyone has the strength to manage physical businesses.

People invest in things that will profit them in the future. And for such (future) goals, bitcoin has proven to be among the finest investments to make. Bitcoin is not the highest place to invest your money, as you put it, but only someone who doesn't know what the future holds for buying it as a long-term investment will reason that way. Anyway, everyone has the freedom to invest their money anyway they see fit. Consider yourself satisfied if you believe that Bitcoin is not the highest and finest investment ever.

As for me, the best investment one can make that they can feel secure about is bitcoin. If he can store his seed phrase somewhere secure.

That is the key justification for properly educating everybody you bring to the realm of bitcoin investment. They should be aware that investing in bitcoin successfully needs time, patience, and spare cash.

I don't totally agree with this one and maybe because I have a passion for running the business rather than just holding Bitcoin. Of course, I have to accept that Bitcoin is profitable but because of uncontrolled price movement, there is no certainty to make a target profit every month or even every day, unlike business where you can really achieve it if you are working hard and have an effective strategy. But because we are talking about crypto investment, nothing could beat Bitcoin as it was the most trusted coin in the crypto space.

In investment, there are all the challenges and factors that will affect our investment ventures.  Whether it is tangible or intangible both entities experience challenges.  Investing in Bitcoin if we are not in trading will only give us profit for a long time since we need to time the market for the right time to buy and sell.  While investing in Business if established correctly can give us a continuous source of income.  So we can compare their pros and cons but I will say that diversifying by having one of each is a better approach in maximizing the possibility of highest return.

I totally agree with you, a good material or substance does not need much for it distribution and rapid growth and this certainly been the case with Bitcoin, over the years Bitcoin has so much proven that it's not just any crypto assets that put investor in the great abyss filling them with frustration and confusion. Same fate has occurred with so many altcoins and that's why investor and crypto enthusiast tend to always pick and regard Bitcoin as NUMBER 1.

A physical business suffers from all the physical problems. You need suppliers, you need to work to produce something, you need demand... You can be targeted by people who want to rob you, extort you, people who will give you fake reviews, people who will try to buy you out, or scare you... You have to face all the problems of running a business every day, and that includes handling returns and complaints, dealing with people, representing the business well, advertising, printing bills, having an accountant or doing books yourself...

Investing in bitcoin in many aspects is much better than running a business, especially if you already own one business. 

When it comes to cryptocurrency investment, bitcoin is the only first recommendation one could receive because it's reliable for an investment, if we look into how fast are the other cryptocurrencies increasing, many of them will only exist for a short period then turn to scam leaving investors in the dark and vulnerable of loosing their assets with them, bitcoin is a digital currency, a acceptable one and a means of store of value people choose to invest in and make profits, this has always been same positive experience over the years since bitcoin was introduced.

Absolutely, no doubt about it. As of now, Bitcoin still carries substantial potential to yield profits for investors. Emerging as an alternative payment concept in lieu of traditional FIAT, Bitcoin's youthful age marks the inception of a long and promising journey. For those well-acquainted with Bitcoin, there appears to be a sustained inclination to divert its gains from the digital realm to meet physical business exigencies. This serves the purpose of asset safeguarding, particularly in the event of a crash affecting a singular money source.

My investment approach towards Bitcoin resembles that of stock acquisition. It involves consistent accumulation on a monthly basis, with a targeted horizon of 1 to 2 years from the present, earmarked for significant endeavors.