Topic: Is doubling your investment more probable than we think? - page 4. (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.

If we were to use it for the same math, that would mean we dropped to 15k and should be going towards 250k or so in order to make the same type of increase that we had last time around. Now, I do believe that we are going to break over that ATH but I do not think that 250k is all that possible, that would be a lot more than what we bargained for and that should not really be all that easy to handle neither, we need to find something that would be a little bit different.

When you invest, you should be ready for everything. You might see double of your investments, or even triple profits. You can also face losses and anything can happen to be frank. What we can do is just estimate based on past growth and future projections. We have seen Bitcoins follow a 4 year cycle to reach ATH price, and 2024 is expected to be the 4th year. So yes if that happens then we can see 3x the investment. So let’s hope for the best and keep on accumulating the coins.