Bitcoins have done quite impressive from past few years. We have seen Bitcoins rising from nothing to 70k usd asset. Hence it’s possible to double the investment if you invest in Bitcoins. I myself bought Bitcoins when it was around 500$, but unfortunately I didn’t held it for long term, hence I didn’t made good profits at that time, but since then I have seen the potential of the coins. Hence it’s definitely possible if you show trust on the coin to double your investment.
very true, and I really agree with what you said. Bitcoin has indeed provided a surprise by increasing quite extraordinaryly, and this is of course very profitable for those who continue to hold bitcoin as an investment. When the price has increased, what we do is let go and wait for a correction to occur to immediately buy and hold it again until we are sure we have made a profit.Maybe many people have the same experience as you when they have Bitcoin but are impatient and don't sell it at the right time, so they don't get maximum results, but this experience can certainly create motivation again, so they want to be patient in holding Bitcoin when they have it. 
Topic: Is doubling your investment more probable than we think? (Read 1299 times)
With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
These things you mentioned, I can also believe and hold true. And, to be honest, the assumptions you make are also somewhat realistic. It seems to be close to the truth. There are so many of our crypto communities right now who have high expectations in this matter that Bitcoin will actually reach 100k$.
That's why if the only thing an investor is chasing here is to experience income from Bitcoin and other cryptocurrencies, he will really experience it if their goal price target is only around x2 or x3. It's really possible.
There are even rumors about these price speculations in terms of ranges;
Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024
Bitcoin May Reach $300K by 2028 Halving, Says $1.6B Asset Manager
Bitcoin to Reach $300,000 to $500,000 in Massive Price Eruption, According to Macro Guru Dan Tapiero
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Lots of price projections had already been thrown out. So it wont really be shocking that $100k price is really just that too small on this upcoming bull run.
Come to think on how many folds that we had been able to reach out from previous bull run to the present.
Cant really deny though about on the probabilities or opportunities about Bitcoin or crypto investment on which it is really that giving way more than
that we could earn on traditional investments which there's no doubt to that but in speaking about security and assurance or risks then it does really have much higher.
So it would be your choice whether you would be proceeding or not.
Nominally you can double your holding, you shouldnt be surprised you should expect this just by referencing inflation in your country. BTC only has to hold its ground to appear to gain. Value wise its harder to say as multiple assets can gain value over time, I wouldnt ever say hold BTC and exclude all others mostly I think owning a house not paying rent is one of the most sensible things. Like BTC you dont want to overpay for a house, you shouldnt buy into the BTC hype and overpay for it either just go slow and steady and sure double is quite fair imo.
In terms of 'mistakes' I will admit to selling BTC around 100 to 200, lets pretend it was nicely high at 200 but all the same I needed the money to pay off some of the cost to mining and acquiring the BTC in the first place. I wouldnt advise anyone to overly lean into the gains of BTC more then is safe for them, everyone needs to meet some expenses so you should just carry on as usual dont hitch all your hopes on BTC gaining. BTC is a wild volatile market that wont follow the timetable you had hoped for, just keep some of the spare value you have in BTC and dont back off when it looks grim as thats the best value time most likely.
In terms of 'mistakes' I will admit to selling BTC around 100 to 200, lets pretend it was nicely high at 200 but all the same I needed the money to pay off some of the cost to mining and acquiring the BTC in the first place. I wouldnt advise anyone to overly lean into the gains of BTC more then is safe for them, everyone needs to meet some expenses so you should just carry on as usual dont hitch all your hopes on BTC gaining. BTC is a wild volatile market that wont follow the timetable you had hoped for, just keep some of the spare value you have in BTC and dont back off when it looks grim as thats the best value time most likely.
With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
These things you mentioned, I can also believe and hold true. And, to be honest, the assumptions you make are also somewhat realistic. It seems to be close to the truth. There are so many of our crypto communities right now who have high expectations in this matter that Bitcoin will actually reach 100k$.
That's why if the only thing an investor is chasing here is to experience income from Bitcoin and other cryptocurrencies, he will really experience it if their goal price target is only around x2 or x3. It's really possible.
I'll get worried each time I'm reading ppl saying it's possible to double the investment if you're investing in bitcoin. We know it's possible to double but it's a risk for ppl who can't maintain accumulating losses. What happens if they're in need for selling early like you did when you paid $500. You missed golden ops to take mega bucks because you didn't hodl others will be in the same position if they buy now.
Bitcoins have done quite impressive from past few years. We have seen Bitcoins rising from nothing to 70k usd asset. Hence it’s possible to double the investment if you invest in Bitcoins. I myself bought Bitcoins when it was around 500$, but unfortunately I didn’t held it for long term, hence I didn’t made good profits at that time, but since then I have seen the potential of the coins. Hence it’s definitely possible if you show trust on the coin to double your investment.
Bitcoin's price doesn't make investing possible for most ppl. Doubling investment isn't more probable for the ppl that did buy. You've told us your opinion on wild predictions but you didn't tell us why. You don't have to give your reasons sometimes we don't but if it's worth a discussion you should consider to tell us.
I share the skepticism about wild predictions.
Bitcoins have done quite impressive from past few years. We have seen Bitcoins rising from nothing to 70k usd asset. Hence it’s possible to double the investment if you invest in Bitcoins. I myself bought Bitcoins when it was around 500$, but unfortunately I didn’t held it for long term, hence I didn’t made good profits at that time, but since then I have seen the potential of the coins. Hence it’s definitely possible if you show trust on the coin to double your investment.
With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
In 2021, many people have not yet overcome the effects of the Corona pandemic, then again the war between Ukraine and Russia has destabilized the economy of the whole world. And it would be foolish to think positively of anything in this situation. But the cryptocurrency market in general seems a bit out of the ordinary. We have seen the corona pandemic where every financial institution collapsed but also during that time crypto rise exceptionally. Compared to that, the situation in the world is quite positive now. Moreover, Bitcoin ETF is on the verge of approval. So naturally we can now expect good returns on investing in crypto. 
I used to be a little bit pessimistic about the price but even I always believed Bitcoin would get to a new ATH after halving.
Now I'm beginning to really believe that Bitcoin might get to 100k in a year or two.
At the time of writing this post bitcoin price was 27k+ now the price of Bitcoin is 43k+. That's just $11k short of doubling your investment.
There was a time when I just wanted the Bitcoin price to skyrocket so I could make the most profit. While I still want that, now I'm more focused on being able to use Bitcoin anytime.
Tired of the normal traditional means of payment and Bitcoin is an alternative, but it's getting more and more difficult to do that.
Now I'm beginning to really believe that Bitcoin might get to 100k in a year or two.
At the time of writing this post bitcoin price was 27k+ now the price of Bitcoin is 43k+. That's just $11k short of doubling your investment.
There was a time when I just wanted the Bitcoin price to skyrocket so I could make the most profit. While I still want that, now I'm more focused on being able to use Bitcoin anytime.
Tired of the normal traditional means of payment and Bitcoin is an alternative, but it's getting more and more difficult to do that.
You should never be pessimistic about the price of Bitcoin, it is the only currency that we are always happy to invest in. It has always been the case that whenever a halving occurs, the price of Bitcoin makes a new all-time high.No one can say for sure about future predictions, but the guess is that Bitcoin will hit $70k by the end of next year. Someone who bought at $27k would still need to go up $11k to double, but those who bought between $15k and $16k are almost certainly close to tripling their capital. Whoever buys at a lower price, the more profit he gets.
Now, if someone enters here, Bitcoin will have to go close to $100k to double his capital. a good entry can give us a good profit. Traditional payment methods are also not so tiresome in my opinion, as they are also undergoing great development, providing us with a lot of convenience in making payments. I am quite satisfied with my traditional payment methods and have never had any problems with them.
I used to be a little bit pessimistic about the price but even I always believed Bitcoin would get to a new ATH after halving.
Now I'm beginning to really believe that Bitcoin might get to 100k in a year or two.
At the time of writing this post bitcoin price was 27k+ now the price of Bitcoin is 43k+. That's just $11k short of doubling your investment.
There are many price levels that Bitcoin has penetrated this year and there are still many other price levels that Bitcoin must penetrate if its target is $100K. Because when you can see how much time Bitcoin has needed since this post was made, of course you can also see how much the price has differed since the beginning of the year until now so you can make your own calculations if there is another increase next year. However, for the $100K range, I think Bitcoin will need more than a year or two years because there are still quite a lot of levels that need to be passed.Now I'm beginning to really believe that Bitcoin might get to 100k in a year or two.
At the time of writing this post bitcoin price was 27k+ now the price of Bitcoin is 43k+. That's just $11k short of doubling your investment.
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There was a time when I just wanted the Bitcoin price to skyrocket so I could make the most profit. While I still want that, now I'm more focused on being able to use Bitcoin anytime.
Tired of the normal traditional means of payment and Bitcoin is an alternative, but it's getting more and more difficult to do that.
Everyone's desires are different, because there are also people who love Bitcoin so much that they will always be reluctant to spend it on anything. Even though your wish is not bad to hope for, it is still not certain that everyone is happy to exchange the Bitcoins they have for other goods that may still be obtainable with fiat money or in some other way. Tired of the normal traditional means of payment and Bitcoin is an alternative, but it's getting more and more difficult to do that.
I used to be a little bit pessimistic about the price but even I always believed Bitcoin would get to a new ATH after halving.
Now I'm beginning to really believe that Bitcoin might get to 100k in a year or two.
At the time of writing this post bitcoin price was 27k+ now the price of Bitcoin is 43k+. That's just $11k short of doubling your investment.
There was a time when I just wanted the Bitcoin price to skyrocket so I could make the most profit. While I still want that, now I'm more focused on being able to use Bitcoin anytime.
Tired of the normal traditional means of payment and Bitcoin is an alternative, but it's getting more and more difficult to do that.
Now I'm beginning to really believe that Bitcoin might get to 100k in a year or two.
At the time of writing this post bitcoin price was 27k+ now the price of Bitcoin is 43k+. That's just $11k short of doubling your investment.
There was a time when I just wanted the Bitcoin price to skyrocket so I could make the most profit. While I still want that, now I'm more focused on being able to use Bitcoin anytime.
Tired of the normal traditional means of payment and Bitcoin is an alternative, but it's getting more and more difficult to do that.
agreed, too much people are expecting massive flipping due to them wanting to become rich quick, but double the investment arguably is already good enough, so many people seemed to forget that in other investment only yield 5% annually which honestly is really small for cryptocurrency investors also the reason why they stick with cryptocurrency in the first place.
if someone wanted to find that 3x 4x or more investment then they will rarely find it but if they willing to get just 1.5x investment then move over to the other investment and expecting 1.5x investment then they are more likely to find some and get rather easy profit with it without the need to bet to reach that 400% increase which arguably are kinda rare to find, instead they might incur lose towards their unrealized profit if they are so hell bent on waiting for their favourite coin to reach that increase.
just stick with good coin wait until it reaches certain price point then move on to the other, remember the whales that pumps are always choosing new coin everytime.
if someone wanted to find that 3x 4x or more investment then they will rarely find it but if they willing to get just 1.5x investment then move over to the other investment and expecting 1.5x investment then they are more likely to find some and get rather easy profit with it without the need to bet to reach that 400% increase which arguably are kinda rare to find, instead they might incur lose towards their unrealized profit if they are so hell bent on waiting for their favourite coin to reach that increase.
just stick with good coin wait until it reaches certain price point then move on to the other, remember the whales that pumps are always choosing new coin everytime.
Bitcoin's price doesn't make investing possible for most ppl. Doubling investment isn't more probable for the ppl that did buy. You've told us your opinion on wild predictions but you didn't tell us why. You don't have to give your reasons sometimes we don't but if it's worth a discussion you should consider to tell us.
I share the skepticism about wild predictions.
With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
So how about into those people who had invested when Bitcoins price dumped down on 15k and even believe that it would be hitting that 10k bottom? For sure everyone is really that in great fear on this time on which it would really be just that a normal reaction since we dont really like on losing money or having negatives with our investment and this is why people would really be that too mindful about those other factors on which it could really affect their overall profitability We do have our own fundamentals and analysis on which it could really be applied on the current positions that we are really that dealing with.However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
Yes 2x with your investment isnt something that you could see into those traditional investment that we do have today. So you cant stop or blame out people on what are the things that they would
gonna do on which they would really be just simply stick into those things that they are really that believing.
I agree with you. Instead of thinking that the price of Bitcoin will reach 100k, it is better to focus on what it will reach first. It is very impossible for it to reach that price in just a couple of candlesticks, there is always a retracement that will happen because there are resistances to be respected in the chart. So for now, we are expecting for the price to reach the ATH or surpassed it before we go to the next goal which is $100k price. I think there's a huge dump when the price hit $90k because of the idea that there will be panic selling when it reaches $100k resulting to a massive unfilled orders.
Anyone who have been following Bitcoin for sometime now should already know that the price does not move in a straight like rather it will retrace sometime before continuing in the predominant direction. The expectations that Bitcoin will reach $100k is highly realistic and that should be the least Bitcoin should do following the history and market cycle. For sure this will not happen overnight, there will be some turbulence to test the resolve of holders and also infuse some form of panic. This is how the market behaves but surely we will see good moves in coming months. In the end, those who were able to hold and sell their coins in perfect timing gained a lot.
I think there's a huge dump when the price hit $90k because of the idea that there will be panic selling when it reaches $100k resulting to a massive unfilled orders.
You don't call that panic selling but it is called take-profit because panic selling is when the market is dropping and people think that it will drop more and they need to sell so that their investments don't lose value, but if Bitcoin reaches that height and people start selling, it will only be so that they can take as much profit as possible before the market starts declining which no one would want to see but once a very large percentage of holders start taking profit, the market will surely start declining due to that.I believe even $90k wouldn't be a bad price for anyone to sell even if they have bought their assets at around $50k because it's not always important to get multiple folds of profit and you will have to settle for less sometimes so you don't start losing the profits that your assets have already gained.
It won't be possible for a mining newbie like me to get involved because mining competitive. Why didn't you say anything about the cost to buy the gear to get started in mining. Where's it going to play importance in your stats? Good gear sellers are important but the price you're paying to buy your equipment matters. Are you renting your mining gear?
Mining is quite profitable.
if you have the following:
1) cheap power
2) good gear sellers
3) a repair guy
4) the ability to spend time monitoring it.
If you don’t have the four above mining sucks.
if you have the following:
1) cheap power
2) good gear sellers
3) a repair guy
4) the ability to spend time monitoring it.
If you don’t have the four above mining sucks.
In the last couple of years, Bitcoin seems to have lost its character of volatility it was known for , making it more like a stable coin...
and if we look at the charts it shows up like a ranging coin at the moment which tells me that if you a investing in Bitcoin as a hodler it's much more difficult to double your investment than trading it the leveraged way which rewards you for small moves than waiting for a new ATH before you see the double.
and if we look at the charts it shows up like a ranging coin at the moment which tells me that if you a investing in Bitcoin as a hodler it's much more difficult to double your investment than trading it the leveraged way which rewards you for small moves than waiting for a new ATH before you see the double.
Probably because of its current high price. But in terms of dollar amount, Bitcoin is mich volatility than before. We are just looking on percentage that’s why it looks like less volatile but Bitcoin moving above 1K$ per day on the price is already more than enough before when the price is still below 10K.
The price also look more stable due to thicker liquidity on the order book that makes selling and buying less impact to the price but you will feel the volatility if you hold more than 1Bitcoin since you can gain or loss more than 1K per day which is huge amount.
It must've been over a period of time so you probably would've upgraded regularly. In total how much did you pay for your mining equipment over the years? I can't imagine mining's profitable when there's excessive numbers of miners trying to get rewards it's competitive.
I expect 40-50k pre ½ ing and about 121k for full bull run number.
I mine I attack differently then a hodl guy or a trader guy.
I mine I attack differently then a hodl guy or a trader guy.
Mining is quite profitable.
if you have the following:
1) cheap power
2) good gear sellers
3) a repair guy
4) the ability to spend time monitoring it.
If you don’t have the four above mining sucks.
I will say this cheap power is a real issue for a smaller commercial guy like me.
I have a great price very competitive. But for now I can do about 300-320kwatts that is just about 100 machines. So far it has not become an issue but down the road I could be squeezed out.
Ie 100 machines earning 5 bucks a day profit is 500 a day profit. Or 15,000 a month.
But 100 machines earning 2 bucks a day is 200 a day profit or 6,000 a month
at 6,000 a month it would not be worth doing
I have done okay since I started but I could see a squeeze out coming.
Investors don't know if halving's going to provide profits for them. We don't know what's going to happen to bitcoin price after halving but ppl are buying now getting ready to take profits. I don't agree with ppl buying because of FOMO because they're expecting something which isn't guaranteed.
There will never be any guarantees about the purchases you make.But about the Halving that will happen, it's not just a FOMO that looks like it will hurt a lot of people in the end, but it will be a moment that many look forward to because history says the Halving is a foothold for Bitcoin to reach a new ATH.
Will the Halving be beneficial?
This depends on how you manage your own assets.
Halving will give different results to different hands.
If you buy well before the halving and hold when the halving happens or after the ATH is reached, it will give you a lot of profit.
New investors will not know what the meaning behind the Halving is, but old investors, they already understand what will happen and what they should do.
Investors don't know if halving's going to provide profits for them. We don't know what's going to happen to bitcoin price after halving but ppl are buying now getting ready to take profits. I don't agree with ppl buying because of FOMO because they're expecting something which isn't guaranteed.
It is common for ordinary people who are just starting to invest in bitcoin to not know what halving is and what effect it has afterwards. Whereas those of us who have known for a long time about how the bitcoin cycle is then it will be highly anticipated because there is always a bigger event when prices rise after a few months of halving even though there is no guarantee that many are optimistic about this saying.You can sell your coins and expect 3x or 4x from your investment capital, but the right time when to sell will still be indefinite. However, if the next year's bitcoin halving will leave a very good market position which enable bitcoin price to double or triple from the current price, then why not? Bitcoin can still be highly profitable even in the times when we least expect it.
Yes, actually it doesn't matter if they buy bitcoin because of FOMO at the current price because they can still look forward to an increase next year, as long as they don't FOMO on shitcoin then it will be more dangerous, or FOMO when the price is at the peak of ATH then they have to wait a long time to sell at that price.
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