Is bitcoin best option to invest - page 8.

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Quote from: SOKO-DEKE on August 10, 2023, 05:01:48 AM

Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Yes, there are many businesses and investments out there, but seriously, I have not seen any investment proven to be better than Bitcoin investment in terms of profit making over some years now, but Bitcoin has proven to be the most profitable investment. Just imagine early Bitcoin investors that invested when the Bitcoin price was still even one dollar, and they invested like 500 dollars. How much profit did you think it would make by now? I bet you that those who invested the same amount in other investments who not made it.

This is true, although those who have invested in bitcoin in recent years will not be able to receive the same level of return as early investors. But its return will also be significantly greater if we compare bitcoin with other businesses or investments. Bitcoin remains the most promising investment in terms of returns.

Quote from: SOKO-DEKE on August 10, 2023, 05:01:48 AM

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Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

I absolutely agree that someone shouldn't firmly rely on Bitcoin as your primary source of income, but rather should view it as a side hustles. In all seriousness, it is extremely risky due to Bitcoin's nature of volatility; the price is not always stable; the price can drop to any level, even though it can also move up to any level, and that is why some experts in the cryptocurrency industry always advise not to invest in bitcoin what someone cannot afford to lose. Therefore, it is better to have several sources of income and pursue bitcoin trading or investment as a side hustles because doing so will significantly aid in your investment's growth and enable you to realize profitable returns.

Whether you are investing or trading bitcoin, it will never give you a steady income. So it would be foolish to consider bitcoin as the main source of income and depend entirely on it. No matter how profitable bitcoin is, but since it is very volatile and we never know when the profits will come, so always treat it as a side business rather than the main one.

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Not everyone in the world considers Bitcoin a top investment choice; there is a lot of evidence about this in the news. Let me remind you that Warren Buffet has repeatedly stated that he wants nothing to do with Bitcoin. Many other veteran investors and businesspeople share this line of thought as well. If you read the white paper by Satoshi, there is nowhere he mentioned Bitcoin as the guaranteed path to wealth; rather, he discussed Bitcoin in terms of monetary freedom. If you believe it is the path to wealth, then it is; people are free to have their opinions. This is why we have all been advised to conduct our own research. If you have done yours and found out that it is not a guaranteed path to wealth for you, that's fine too.

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Bitcoin investment is mainly done by people for the purpose of making profit. But one thing must always be kept in mind that this is a virtual currency which carries some risk. Although I think Bitcoin is less risky than other cryptocurrencies we can safely invest in Bitcoin. Nowadays, it is seen that if a person invests his money in a bank, there is a lot of risk involved. Because in banks nowadays most of the time people lose money only because of bank failure. So I think it is good to invest in bitcoin and it is possible to earn good in future so it is expected that investing in bitcoin is not risky.

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

As investors, it's necessary for us to understand how to manage risk. Some of us here use money from our businesses to invest in crypto, while other investors make money in crypto and use some of their funds to start businesses. The point is, having multiple businesses or sources of income is always better than focusing on a single investment alone. As an investor, I understand that putting all our eggs in one basket is very risky, so it's necessary to diversify our funds effectively across different investments.

Moreover, investing in crypto does not guarantee a profit; it's akin to gambling where the outcome is uncertain. Therefore, we shouldn't rely solely on this and think of it as a surefire success. It's crucial to consider the possibility of failure.

SOKO-DEKE

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Yes, there are many businesses and investments out there, but seriously, I have not seen any investment proven to be better than Bitcoin investment in terms of profit making over some years now, but Bitcoin has proven to be the most profitable investment. Just imagine early Bitcoin investors that invested when the Bitcoin price was still even one dollar, and they invested like 500 dollars. How much profit did you think it would make by now? I bet you that those who invested the same amount in other investments who not made it.

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Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

I absolutely agree that someone shouldn't firmly rely on Bitcoin as your primary source of income, but rather should view it as a side hustles. In all seriousness, it is extremely risky due to Bitcoin's nature of volatility; the price is not always stable; the price can drop to any level, even though it can also move up to any level, and that is why some experts in the cryptocurrency industry always advise not to invest in bitcoin what someone cannot afford to lose. Therefore, it is better to have several sources of income and pursue bitcoin trading or investment as a side hustles because doing so will significantly aid in your investment's growth and enable you to realize profitable returns.

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

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It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

For me, always do research and identify risks in what you are investing.
First, you should be aware Bitcoin is volatile. It's up to each individual investor to decide whether or not to invest in Bitcoin. Before choosing a course of action, you should carefully consider the risks and rewards.
Identify at when price you will invest, and at which price you will take profits.

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Quote from: Onyeeze on August 09, 2023, 06:35:24 PM

Quote from: Ayebabara on August 09, 2023, 03:08:40 PM

Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever,

Then what are you doing here since you don't take bitcoin as the highest coin for investment. As others have said, bitcoin is the highest cryptocurrency to invest in and after bitcoin then Enthereum. But before you invest in bitcoin make sure you know the in and out. The risk involved in it so that you will not blame anyone for your downfall.

Is not good not to research, when you research of things you pick some point's, many people here have their way of life and their way of understanding somethings of bitcoin, from past thread I read so many of the people who invested in bitcoin advice us that is beginners in bitcoin investment that it should be our second option of investment, so I'm telling you guys that bitcoin is not highest option for investment but many of you rise against my statement, diversify your source of income not only in bitcoin and don't take bitcoin investment as the key investment because its a virtual currency despite that its a decentralized currency

In my opinion, Bitcoin is the best investment, but the best here is the potential for the highest returns, not the safest, and high returns with high risks. We choose bitcoin because we want to get rich quickly, it's true when we invest in bitcoin. I agree with you, we can expect bitcoin to bring us significant profits, but that does not mean we depend entirely on it. Always diversify your income and portfolio because no one knows what will happen in the future.

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Quote from: Onyeeze on August 09, 2023, 06:35:24 PM

Is not good not to research, when you research of things you pick some point's, many people here have their way of life and their way of understanding somethings of bitcoin, from past thread I read so many of the people who invested in bitcoin advice us that is beginners in bitcoin investment that it should be our second option of investment, so I'm telling you guys that bitcoin is not highest option for investment but many of you rise against my statement, diversify your source of income not only in bitcoin and don't take bitcoin investment as the key investment because its a virtual currency despite that its a decentralized currency

Investing in Bitcoin should not come first. Do you know for what reason? This is a high-risk instrument and this point should be taken into account. It is better to choose the least risky assets first. For example, some well-known securities, treasury bonds, and so on. Only then pay attention to crypto projects.
Thus, it will be possible to minimize risks and correctly form an investment portfolio. If this is not done, then after a while you can say goodbye to capital once and for all.

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Quote from: Silberman on August 10, 2023, 01:43:06 AM

Quote from: Solokan on August 10, 2023, 12:31:54 AM

yes indeed investing in btc is of course very suitable to be used as a side business, because in my opinion it is very difficult to invest in btc to be used as a main job because the price fluctuates, but for people who are experts in trading there are many who make btc as a main job but of course he already Experienced in analyzing technical, fundamental and others. so I think in this case it depends on people's abilities and knowledge.

That is the only conclusion possible, bitcoin could be or it could be not the right option to invest and this depends largely on your skills and abilities, someone that wants huge profits in a matter of months should probably not invest in bitcoin, as even if the profits bitcoin can provide given enough time are high, they will still be below the expectations of that person, and in that case it would be a mistake for that person to invest on bitcoin, while for someone that is willing to wait for years, hold their coins and they have some down to earth expectations, then investing in bitcoin could be a good idea.

Conclusion made because maybe they are basing their opinion for long term which they maybe predict that price might always go up especially if there's big season like halving will happen in future.

But this is so long and we can be so sure about its future and only those people who's diamond hand can figure out if holding might result to good for them or either bad.

Even how good bitcoin is we can still say that investing on this may still vary depends on the persons patience.

Nrcewker

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Investment should always be done on the basis of personal choice or interest. If you see other people investing somewhere and you copy them and invest, then there are very low chance that they will make profits from it. People invest in a particular asset after verifying all the details and doing proper research. So if you OP can do all that, then definitely you can go for Bitcoin investment. The reason for which Bitcoins have gained so much popularity is due to the amount of returns they get from Bitcoins. Bitcoins have risen from nothing to 69k usd valued digital asset. For this reason the popularity is so high.

worle1bm

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Our investment decisions are influenced by our own personal choices and we can't decide for all that whether it's bad or good.There are many who think Bitcoin is not having any future growth for those who don't understand it while those optimistic about its growth invest in it.So what we have in our mind may not match with others opinion so we should focus on personal advantage and what we find suitable.

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This really depends on a person because others who have already profited from Bitcoin then invest in businesses, build their own businesses, and not totally rely on Bitcoin. This is somewhat like not putting all your eggs in one basket, which is more safe because we know Bitcoin is very volatile and the government is still in the gray area on it. Though others may really see Bitcoin as their only option to invest or not, it is still their choice. For me, I do both, but I do want to take a lesser risk and also earn while I sleep.

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I think best option to investment to bitcoin now because this is crypto currency and this year actually catching for crypto opportunities and if someone's need good profit from crypto than need to buy more & more Bitcoin if you possible now can starting investment with Bitcoin hurry up and Do Your Own Research (DYOR) also.

Popkon6

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Investing in Bitcoin is right and worthwhile if the investment is done at the right time. If you invest during bullish period it will definitely take enough time to get profit as you can expect good results when the market is bullish. And there's no strategy to get returns when the market moves lower than investing in high momentum, because you have to invest with that in mind. @op you have invested in Bitcoin from extra income from solving your family problem but must invest on right thinking. You must be patient enough to survive this volatility so you can reap some of the benefits. Future may see high momentum for Bitcoin so one must be patient.

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Quote from: Solokan on August 10, 2023, 12:31:54 AM

yes indeed investing in btc is of course very suitable to be used as a side business, because in my opinion it is very difficult to invest in btc to be used as a main job because the price fluctuates, but for people who are experts in trading there are many who make btc as a main job but of course he already Experienced in analyzing technical, fundamental and others. so I think in this case it depends on people's abilities and knowledge.

That is the only conclusion possible, bitcoin could be or it could be not the right option to invest and this depends largely on your skills and abilities, someone that wants huge profits in a matter of months should probably not invest in bitcoin, as even if the profits bitcoin can provide given enough time are high, they will still be below the expectations of that person, and in that case it would be a mistake for that person to invest on bitcoin, while for someone that is willing to wait for years, hold their coins and they have some down to earth expectations, then investing in bitcoin could be a good idea.

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You're just saying that because you want to create a discussion OP, even if it's virtual as you'd like to point out, you should know that it's being sought after by many people no matter what and it has been used as a means to buy goods and services for a long time now. And even if it's all digital to you, it doesn't discount from the fact it proved it's value repeatedly for about a decade now, there's no investments out there that can grow up to 4.9k% in just 7 years, and you're still doubting that bitcoin isn't the best investment out there right now?

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Quote from: leonair on August 09, 2023, 11:51:53 PM

Bitcoin has a much higher volatility than other strong assets like gold, real estate etc. So investing in Bitcoin is always a smart idea. Everything is now virtual in this digital world so investing in Bitcoin is a very good idea at this time. But if you invest in gold, real estate, land or any business, don't worry about selling it easily. Even if you invest in Bitcoin, you have to have the same thinking because you cannot think about investing in Bitcoin for a short period of time. Invest in Bitcoin for a long period of time to get a good result. And it will definitely good perform then other investments

The difference between Bitcoin and other investment instruments is that if you decide to sell in the short term, there is a risk of loss. In the long term, there is no loss. Bitcoin is the investment that will generate the most income in terms of expectations. Real estate also provided a good return when inflation was high, but after a while this return slowed down. In my country, real estate prices started to fall because they increased too fast.

If you follow Bitcoin, you know that it has certain cycles. If you decide to invest during these cycles, the return is quite high. My preference for investment is Bitcoin rather than real estate.

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Quote from: Xampeuu on August 09, 2023, 09:03:32 PM

Quote from: Smack That Ace on August 09, 2023, 07:45:58 PM

Quote from: aoluain on August 09, 2023, 03:18:18 PM

There are many types of investment, of which I only know Property/real estate, Gold and other
precious metals and gems, stocks and bonds.

Personally I'm not interested in anything other than Bitcoin, I'm all in on Bitcoin and thats
the way it going to be going forward.

I doubt this statement, I don't believe there are people who don't need gold, don't need real estate because those are practical and necessary everyday things. I know that bitcoin is a potential investment but the reason we chose it is because we want high returns and want to get rich quickly, not because it is safer than other investments. Bitcoin is not considered a get-rich-quick investment, but you can't deny to me that bitcoin has the potential to get rich faster than gold and real estate. We want to get rich with our limited capital in bitcoin, we cannot get rich with that money in gold or real estate, and that's why we are here, IMO.

bitcoin is the hope of getting rich but you have to have knowledge about bitcoin investment, real estate is indeed safer and is an investment that has a future, but it takes large funds to buy it, of course people who are already rich can buy it, it's different with me who not yet able enough to invest in real estate, so I decided to invest in bitcoin with an investment amount according to my finances and whenever it can be done, as long as we are patient, of course investing in bitcoin contains a little risk

@Smack That Ace - I was only referring to myself with that point. I agree with you that
Gold and Real Estate still remain popular investment vehicles along with every
other type of investment but none will return the profits Bitcoin will over the medium
to long term - I did make that point in my post too - so yea we are in agreement.

@Xampeuu - yea it takes a lot of capital to get into real estate, not everyone has that.
There are risks attached to investing in Real Estate and I wouldnt necessarily say its safer.

I would say Bitcoin is "as safe as houses"

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yes indeed investing in btc is of course very suitable to be used as a side business, because in my opinion it is very difficult to invest in btc to be used as a main job because the price fluctuates, but for people who are experts in trading there are many who make btc as a main job but of course he already Experienced in analyzing technical, fundamental and others. so I think in this case it depends on people's abilities and knowledge.

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Bitcoin has a much higher volatility than other strong assets like gold, real estate etc. So investing in Bitcoin is always a smart idea. Everything is now virtual in this digital world so investing in Bitcoin is a very good idea at this time. But if you invest in gold, real estate, land or any business, don't worry about selling it easily. Even if you invest in Bitcoin, you have to have the same thinking because you cannot think about investing in Bitcoin for a short period of time. Invest in Bitcoin for a long period of time to get a good result. And it will definitely good perform then other investments

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