Topic: Is doubling your investment more probable than we think? - page 7. (Read 1292 times)

It isn't reasonable to believe Bitcoin's going to be reaching $100k in the next bull. It's going to get to the milestone one day but it isn't going to happen any time soon. You can't make money in shares like you're able to with Bitcoin so it's the unique asset. It's early days in the genesis of bitcoin so ppl can make money if they're trading carefully.

And one of the most important aspects of this is that you do not even need to wait for the bull run to come to obtain those results, when bitcoin dropped to 15k at November of 2022 you could have bought bitcoin and sell it at April of 2023 and double your money without too much of a problem.

And while altcoins can give a greater performance, their movements are nowhere near as predictable than what you can find in bitcoin, meaning that the risk you will have to take to obtain those profits is many times higher, and this is simply unacceptable for a great deal of traders out there.

I understand your down-to-earth predictions. Like me, you're also probably annoyed with those seemingly unrealistic targets. Sometimes, they seem nothing but wishful thinking.

But we can actually go back to what happened in the most recent past and see if these 3x or 4x returns within a year, which you observed as way too common in the forum, are probable.

The ATH was $69,044.77 and it was reached on the 10th of November 2021. On the 10th of November 2020, the price was just around $15,000. With this data alone, we can see that the price actually more than quadrupled in just a year's time. As a matter of fact, if we step back a little further to October of 2020, the price was just $10,000. Several months before that, the price was even much lower. It was just $5,000 in March of the same year.

Although we're already high at $27,000 right now, I'm still not discounting the possibility that it would at least x3 or x4 a year from now. That to me is still probable. That could still be a down-to-earth or realistic prediction.

It's good that you're not too greedy and set moderate goals for yourself to avoid regrets, but I find that a target of 100k$ or 120k$ is not too high for bitcoin in the upcoming bull season. I have even higher expectations than everyone's predictions, I believe bitcoin is completely capable of reaching $150k-180k.

Many people say that investing in bitcoin is not a place to get rich quickly, but we should not deny that it is easier to make double or triple profits with bitcoin than with any other asset. That's why we invest in bitcoin instead of other options, so I still consider bitcoin a get-rich-quick investment more than other assets.

I, too, tend not to set my expectations too high for the next halving event, considering the widespread speculation that the price will soar above $100,000. It's not an incorrect notion, but I find myself content with figures below that milestone. Such a scenario is a rarity in other investment instruments, like stocks or bonds. Moreover, being a Bitcoin investor is relatively straightforward and lacks many other requirements.

In essence, the ease of purchasing Bitcoin is rewarding enough, even with gains of 100% or 150%. Furthermore, we'll always have the opportunity to acquire more Bitcoin whenever we please, as the bearish and bullish aspects are integral elements that consistently influence Bitcoin's price movements.

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 respect your opinion since we have the freedom to share it here. However, I will share my opinion base on what you said.

Many might be expecting for it to happen, but with the halving expected to happen in April of 2024, I expect that we will start to experience major price increase at least 5 months or even more after the event, so I only expect that price increase will happen at around the 2nd half of the year. With what you said regarding economic condition, remember the pandemic in 2020? Are our economic condition good at that time? 2020 and 2021 are considered the worst years for many because of lockdowns, the virus being spread etc. but look at what the market did at that time. So I don't buy the "economic condition isn't promising" thing because the market increased in 2020 and 2021 even though we are at the considered the worst time.

Well, that's true knowing that in the past, Bitcoin's price tends to increase a few months after the halving. On the other hand, I still believe in the fact that what happened in the past might not happened in the future. You might be true that Bitcoin reaching $50,000 is possible, and we have a different approach to Bitcoin. I've seen it it twice. Bitcoin halving - wait for a few months - Bitcoin starts to increase - start of bull run however, I might be wrong though, and we might see the unexpected.

No worries. We are all making assumptions all our lives when it comes to crypto (or it's only me). We are all speculating all the time even though we aren't analysts.

Doubling one's investment within just months can only happen if one is involved with Bitcoin. Now, there can be other digital assets that can give us x10 or even x100 but they are too risky for anyone's taste so if one is still conservative in approach it is Bitcoin that can give us the best return. Admittedly though, no matter how optimistic we become with Bitcoin, there are many factors that come into play most especially the global economic and political state right now - there are many bad news which can be the reason why many people may not be looking at Bitcoin like a hot girl for someone's portfolio. Anyway, I am still hoping that we can achieve this goal - getting things doubled - by 2024 due to the halving push.

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.

If you are in at a 30k or under price point putting in some more cash should work for you. But reality we could all wake up dead in the morning as the core of the earth could blowup with little or no warning.  So why worry.

Halving threads are plentiful so I've posted in some. I've written there isn't a guarantee of return before or after halving so it's all speculation there isn't a rule to guide us. I'd say if there isn't a guarantee of 3x or 4x returns there shouldn't be assumptions or speculations of doubling your investment.

Basically, if you have enough funds that you can afford to lose not some funds that are saved for your essential needs, then you are recommended to take advantage of the situation because most likely you won't find such an opportunity again in the future after others like you have decided to flock on buying bitcoins in every crypto exchanges in order to get ready for another possible bull runs after bitcoin halving. You just need to think about it twice and be carried away because all we can do is suggest and speculate it's all up to you if you want to follow it.

I can’t deny that the prices with these ATH do get ridiculously high but, how ridiculous could it be! We’ve got just about 21million Bitcoins to serve the world population and as such, valuation that counts into a ridiculous price is what we should always except but, we as well hope to archive this without a break in history with the halving and bullruns.
Don’t want to be too optimistic but, it’s really hard not to be when you’ve been putting all efforts to top up your holdings and it’s out there looking for the profits in them even when you ain’t going to withdraw.

Looking at the current ATH for bitcoin at $69k, a $100k seems achievable as it ain’t quite distanced from the performing ATH.

During the pandemic, the world economic situation was worsened as staff where been relieved of there jobs, others weren’t given much access and these created an online consciousness for most. That could be the case after the halving.

I mean that's the whole plan anyway. To at least double what you have through the halving. People expecting x3 or x4 in this economy are a little too optimistic especially considering that there's no real reason for bitcoin to increase in such a value. It's still sitting in a precarious spot where a simple issue could take it down to a measly 18k, and we have no good reason as of now to be happy and excited about the halving since for bitcoin to reach a new bull season we need the help of a pivotal crypto event along with the scarcity that the Bull run insinuates for it to really increase in value. So far we haven't gotten any of the two yet so there's no real reason for bitcoin to reach x3 or x4 as much as what people are expecting.

People are accustomed to see Bitcoin break its ATH every 4 years, so with the current price and people assuming that Bitcoin will break its ATH and record a possible 2x or 3x of its previous ATH, many are speculating that investing with the current price will possibly yield them a 3x to 4x profit.

I am also ok with a 2x profit since it is 100% and yes it is very rare or probably won't happen if we invest outside the cryptocurrency considering that we only have to wait for a year or two.

     Due to the positive speculations that we read in various articles in the crypto space, the positive response average of those who believe in Bitcoin in its upcoming halving is actually increasing. And we can see somehow in different companies that we will suddenly find out that they have adapted Bitcoin as a mode of payment in their business companies like Honda and Ferari that I read here in this forum.

    So, these are just some of the reasons why others are now saving Bitcoin in their respective wallet addresses. But even so, this prediction will still remain and it is up to us whether we believe it or not.

When you're looking at reward, you should also analyze it together with the risk. There's no guarantee that Bitcoin will even double its price. Or that it will go up at all. It might even be the first halvening when the price will fall. All we know that in the past halvenings meant bull runs, but we still don't fully understand why and how things will be in the future.

For a lot of people, guaranteed and predictable 10% growth  per year is far better than a prospect of doubling money in a year, but without any certainty.

You are right that when the bear market started, Bitcoin was on a very low trend, and there was a real opportunity to gain profit. Meaning, those who grabbed the opportunity of Bitcoin and made it a part of their portfolio at the beginning of the bear cycle will definitely be in profit, and if they hold more and wait until Bitcoin hits ATH, then I think Bitcoin is worth thinking about. You can see a higher profit on the return of your investment. So these are the features that make Bitcoin more affordable and reliable than any other investment. He can give your investment a double, 4x, and even more profit than you think if you invest at the right time and develop the courage to hold.

Furthermore, you must develop a proper investment strategy for both the long and short term. I mean, diversify your investment under the strategy of dollar cost average (DCA). It will be able to manage risks and avoid a lower chance of losing money.

Investor strategy is to create a long-term portfolio with a high profit target plan, some investors target 100% profit or reach $50k and they plan their next investment strategy at market correction prices, usually the market price pattern will correct after a significant increase, for example after a recovery price of $50k is reached and it is possible that the market price will stay at $46k before the next bullish run until it reaches ATH, so at the point of price correction there is an opportunity for investors to buy back and increase the investment value for the next maximum profit target.

Based on the history of bitcoin prices during each halving period, there are no unreasonable price statements because history has proven that the highest price was reached $60k last year, you don't need to hesitate to state the 300% target assumption because I believe $100k is the next ATH target that has the potential to be achieved after the halving period next year.

so long you are conservative with your estimates and you are investing here what you can afford to lose, then, you don't have to worry much. because if you are staking your hard-earned savings, then, losing it will be detrimental from your pocket. up until now, no one can guarantee where the market is heading to, so even if you are a long time crypto user, you are only basing from your instincts on where this market is going, and so invest what you think you can handle to lose.

I tend to agree that's true, but if this kind of mindset really takes hold among investors, then I'm sure there will be major selling pressure when $50k is reached. Of course it will cause a lot of panic as people tend to sell and take profits, but holding bitcoin for a longer period of time may be better to gain maximum profits.

But however, this assumption is not wrong because people's investment plans and goals do not have to be the same. Someone might take profits even by just 10%, but expecting 300% after the halving is reasonable based on history. Of course that is my assumption, but a bigger history will be made on bitcoin.