Topic: Question about crypto profit (Read 602 times)

People just look at shiny graphs of mooning, without really understanding them. Kind of the case with BTC also, how many sold at ATH ?

Insanerman : "There is no currently implemented hard cap on the total supply of ETH." That's a huge difference with BTC right there.

Depending on what altcoin ofcourse. Not all are heavily dependent on BTC, some do also stand out because of it being adopted by various companies, the same way that Bitcoin is being pumped and hyped. Take ETH and XRP as an example, so Investing in those would be riskier than investing in BTC? Hence, either way, both can be potential in profit making, but what's better is to constantly trade it.

If the OP really wanted to gain x100 in a year, better invest on projects, and search for hidden gems. There are a lot of listing that will happen in December and there are also listed that will moon soon. It's just a matter of how huge your risk appetite is. DYOR.

I think that bitcoin is a universally recognized currency and now it is being introduced by companies such as Paypal, etc., so people trust

It is major cryptocurrency and holds too much volume that even if a millionaire wants to settle their deal on it the next day after purchasing a million $ worth btc, they will get many OTC deals available.


For btc, reaching $1 once was also an imaginary price. Now you see where it is? You have higher chances of coming out in profits if you invest in btc and so is not the same in terms of altcoins. If you are greedy, you will become greedier and then it will dump, you will lose suddenly but btc will not do that again, and even if it will do, you can check history that btc has always returned back to its ATH and created newer highs.


Nothing comes for free. Pay the price, get the name of the coin. 

I read your question twice, in reality they are one of those things that one forgets that one might ever wonder ... but your question leaves open your ignorance on the subject, not simple reasoning ... all of us it happens sometimes, we think we are right in our thinking

Let's start with you OP; having a 100% profitability in anything is "beastly - amazing," in fact it happens rarely in business terms, which if it happens but let's say that it is not the average that you buy something and you can sell it to obtain a 100% return.

Now if we take that to the world of investments specifically to the crypto world that is even more "incredible" and in that sense you begin to decline in your approach and lose strength in your own argument, because it is bad (which is not at all) to get 100x in bitcoin but not for the Alts

As I told you, the asset does not matter if you obtain a ROI of at least 5%, the business or the investment is successful, I do not want to tell you that it means earning 10%, so when you reach 100% percentages it is unimaginable from the point of view from the investment.

Another point that you leave out and that you only see it from the percentage or the return multiplier, are the profit margins that depend on the asset in its value, an alts may increase 100% of its value but bitcoin can compensate with only 10% of the increase in value.

Bitcoin is a complex asset that should not be viewed from a perspective as simple as the one you mentioned in the OP.

G.B.

Since you are a beginner you need a decent answer, so ignore all the shills that will spam coins.

Altcoins are not good for long term investment.

Also you need to change your mindset to succeed or else you risk losing a lot of money. If you plan to make it x100 then most probably will lose your $1000 you plan to invest and the devs of the coin you bought will be laughing after finding another moron.

True the OP is only afraid when the price has exceeded $ 16k; D that people welcome this even further with the current state of the price that has redeemed $ 17.5k oh this will not happen to me when I am confident whatever the price is when the market is as good as it is today then I will invest and buy it, $ 20k can be achieved by the end of this year according to my predictions.

Don't be afraid when the price is high and don't expect 100x in a year I can't guess any expert unless you believe in bitcoin.

It's because many people like yourself can't afford a bitcoin, judging from how you talk in this post it shows that Bitcoin price scares you off, remember that we have some who have 200 pieces of Bitcoin and some have more, they won't hesitate to buy more if they could, whales see no problem investing on bitcoin right now

Also everywhere on the social media, there is so much buzz about bitcoin going to all time high and making new heights, so people tend to jump in the train when they should not. There are acting as more greedy , rather then sensible.

When the prices are low, people hesitate to buy and think that the price may further dump and they will be able to buy more cheap. The prices does not dump after a certain level and when they see the prices going high, they have the feeling of "fear of missing out" (FOMO), so that try to buy it at the current market price and don't think that the price is too high now and can dump.

I believe if Bitcoin is able to generate more than $16000 even now Bitcoin has reached a high price of $18300 and this will continue. Bitcoin is the best cryptocurrency that can reach 100x, but to reach 100x Bitcoin will still experience a price correction and that will definitely happen, because bitcoin prices fluctuate like other cryptos. Many people have started investing in bitcoin with the aim of making a profit, but remember that the risk of investing in a high price when FOMO occurs will be very risky. Bitcoin assets will not be lost and will remain in number, but the value of bitcoins will decrease.

A good investment in crypto is an investment that is based on research and strategies that have been prepared. Cryptocurrencies that are in the top 10 of CMC are recommended cryptocurrencies.

I guess it's not really that bad to invest at that market price even though there might be less profit and it really risky because the market price could go dump at any moment.

But for sure people thinks that bitcoin could still make it more than 16k$ that is why people keep on investing and also especially when the market is on hype people would always be interested to invest.

No doubt that bitcoin is the best cryptocurrency that has the potential to reach 100x and completely surpass other cryptocurrencies in the market.

Hihi, I love it when people are missing the actual motive behind a topic.
You guys are focusing on the wrong thing, this is not about bitcoin not making more than 100% or how much is 100% compared to traditional assets, the aim of the topic was this:


This is his main concern, not that he will just double his money with  BTC, he wants to know how to make x100 in a year.
So, start with the recommendations! I nominate bitreconnect and twocoin!


But if it takes 5% to raise the price up it also takes a sell order of 5% to bring it down!
It doesn't matter if the coins rockets 100x if all the investors are unable to sell at that price and if only a fraction of them could simply dump it to zero.

Simply because even if Bitcoin can provide only a 10x profit, the chances of having that reward are high at least unlike investing on altcoin that could really give 100x times of profit but the probability isn't that high as Bitcoin can provide. For simple explanation, the higher the profit it is, the higher risk you will take and that is exactly what investing in altcoin like. Now it is up to you whether you take the riskier but higher profit or the lower one but more guaranteed.

Some yes back, Gold served as a currency and many valued it as such until paper money, the regular fiat came and took it's place but still, Gold never lost it's value. Many have linked Bitcoin with Gold as it stands as a major store of wealth and this is not too far from one of the uses or what Bitcoin stands as. This explains why people still sort out to buy gold till date, not just for it's ornamental nature but, the value that comes with.
This is the position Bitcoin enjoys today, not just as a crypto currency but, a currency with value and despite it's high, people still invest with the knowledge that, it's sure to maintain or increase it's value over time in contrast to Altcoins.

Again, Bitcoin isn't just hoard, it's also used in trading amongst other careers to make the most out of it. Speculating the probability of a coin staying in business is not an easy task and this is some of the things Bitcoin has built and enjoy today. It's trust is never staggering as Altcoins so, your sure to have it boom always.

Well for BTC to rise significantly billions of dollars must be invested, it's not like a small altcoin where you can move the price with a few dollar bills.

If you want to day trade bitcoin go for it, personally I find it too difficult, but regardless, you should hodl a BTC stash, because BTC is rising on the long run.

But honestly speaking is kind of slow lol. We all expected the previous all times high to had be broken by now
(take a survey and many would related to this thought) but it's quite understandable since bitcoin had to surfer some setback as a result of the pandemic crash that saw all market getting affceted.

Bitcoin has set high standards for itself that even when it does extremely well in regards to price appreciation it still doesn't get the accolades it deserve just because it didn't outperformed it's previous highs like what we're experiencing now.

Bitcoin has pumped 40% in one month, isn't that huge for you ? In fact people are predicting an imminent crash because it's too fast !

Of course only last year BTC pumped 40% in one day so I guess from that perspective 1 month is kinda slow...

You are recommending people to gamble if that is your logic, it's risky, I have seen some people making money on the pump and dump coins/token, only to lose all of it because they tried to extend their luck.

Bitcoin and Ethereum is the safest bet they are not making a huge pump in price but you can be sure that if it dips or the price slip it will eventually recover, many investors are on HODL strategy and they're making a profit, you just need to be patient and here in Cryptocurrency the market is highly volatile, you need to moderate your greed.

Yes, valuing things by share/coin price and not Market Cap is one of the biggest mistakes I see from people who have no clue about investing.  In my opinion, this is the reason why altcoins like Ripple can continue sucking in money from unwitting investors who don't realize that it will NEVER EVER EVER reach ANYWHERE NEAR Bitcoin's price per coin due to having so many more XRP outstanding.  Whenever I get random facebook messages from people who can barely manage to work a computer, they're always full of pitches about investing in Ripple because it is currently so cheap.  I just tell them not to invest and then wait for the "I should have listened" messages that I get so frequently.