Question about crypto profit - page 3.

Rikafip

legendary

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Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

If you think that 100% is not a good profit then you don't know much about investing and economy in general. If you are going for 100X profit by investing in some shitcoin you are basically gambling with your money, as that's what it is. And if you like to gamble, then better head to casino ,at least you will know immediately whether you win or loose, instead waiting for month or in some cases even years for some shitcoin to "moon". But if you want something more solid, bitcoin is way to go.

Regarding your question why people still buy when price is 16K+, answer is simple: because it will go up more and it is still not too late to join, no matter what someone told you.

ethereumhunter

hero member

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Leading Crypto Sports Betting & Casino Platform

It is the benefit of bitcoin as an investment because people can buy bitcoin in any amount, as long as they know the risk of investing in bitcoin. People are continually buying bitcoin with only $50 every month, and he did that for a year and held the bitcoin. He doesn't care about the bitcoin price because he only buys bitcoin with bitcoin's current price every month. The next year, when the bitcoin price can reach $30k, and let say he only has 0.1 btc, he will make a big profit from his investment.

Akiko

full member

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Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

It is depend on the investors many traders do the same strategy which is half of investment will go to Bitcoin and the other half is for the chosen altcoin they think can give them profit.

That 100x profit from altcoin that you are looking is include the same risk so I will not suggest to invest in any hype project if you want to secured your capital money.

If someone know what coin it is they will not share it to others they will invest by their own and will not share any info about it.

smyslov

sr. member

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Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

There's no guaranty on altcoins, I have a friend risking everything on altcoin only to lose everything because so many altcoins now are just pump and dump, those top coins in the market although they move very slow in the market, are sure to make a profit, never make pump and dump or coins on hype as your primary coins in your portfolio, you can make it secondary but never primary.

JeromeTash

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Heisenberg

Bitcoin is the Oldest, most decentralized and most secure of them all. The rest are just copycats and most are scam. They tend to follow Bitcoin's performance.
Why would you want for Bitcoin to first reach $16K or $20K before starting to think about buying it?

Bitcoin dropped to around $4K in March, It was a perfect time to buy and someone who bought it at that time has already made 4x in 7 months. If the price continues to $32K, That will be 8x or (800%)

mk4

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Paldo.io 🤖

Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

It's pretty simple. A lot of bitcoiners including me thinks that bitcoin is worth far more than $16k.

Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

"Imaginary price" lol. Guess what? $1,000 was also an "imaginary price" years ago. And guess what happened? $1,000 is the "cheap" price now. As for gambling with altcoins? Might as well just go to a casino.

NavI_027

full member

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Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

Is catching up because they are already missing the skyrocket? enough reason to consider? Because that is what's happening in most cases. Late investors tend to chase the hype train and hope that they will also make good profits from it even a little bit. So if you don't want to face this risk then be an early bird Cheesy

.

Quote from: JohnnySit on November 13, 2020, 05:32:44 AM

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

That "MAYBE" scares the hell out of us for real. I mean, why won't you gamble into an alt which might become a sh*tcoin in the future if there is a reliable one in the first place. Think twice dude.

btcltcdigger

hero member

Activity: 2072

Merit: 761

To boldly go where no rabbit has gone before...

Easy.
Bitcoin is (almost) a sure things.
While altcoins, even tho have a huge x potential, are mostly scams, moneygrabs, and ARE heavily dependent on BTC price.

What i would suggest, is go halfsies. That's what i do.

As to answer to your question, DOT.

JohnnySit

newbie

Activity: 26

Merit: 2

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

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