Topic: What would it be like owning a Bitcoin in 2024? - page 2. (Read 688 times)

Right, I have bad experienced for recommend to invest in Bitcoin, okay let share it, I told some of my friends to invest in cryptocurrency they put big amount in altcoins & Bitcoin, When they suffered losses then they blamed me it's a scam because they faced losses. So if now someone asked to invest in Bitcoin then i suggested to them DYOR.

Still owning Bitcoin until 2024 is a great experience, and certainly for those who have held back long enough or when Bitcoin dumps to below $20k it is the best opportunity to buy, Holding it until 2024 will provide many benefits.

There is no sense of regret for continuing to hold Bitcoin until the following years when the price reaches a new ATH.
The obvious target on the new ATH must be achieved, this is a goal that will never fade.
The year 2024 is the start for the 4th Halving, and so the starter for the real Bitcoin Bulls.

There are prediction graphs made in the past that in retrospect accurately predicted just how big bitcoin could become in the years to be. Forgot his name honestly but if I'm not mistaken it was a formula of sorts or a price prediction graph (either of the two) which made headlines for how ambitious it was but eventually, it turns out that he's onto something.

With that in mind I say bitcoin could become really big in the years to come, even some early bitcoin developers and backers predicted bitcoin to reach as much as 300k in this particular bull run alone. Which is a longshot and yet an ambitious one from the 100k ATH price that we're shooting for, in spite of the fact that bitcoin destroys our expectations of it (in a good way of course) everytime a bull run commences. If that would be the case we may as well expect bitcoin to be 300k in the months to come, or perhaps next year as it takes bitcoin a whole year before it really gets into its feet and gain some traction even after every halving. For the meantime, I say it's better to be early in the game than be late in it and reap the scraps of what you could've enjoyed. It's not even risky to invest in bitcoin at this age anymore as compared to other cryptocurrencies in the market there's some level of price security involved with bitcoin that allows you to have that peace of mind even when the price is crashing, so long as you don't sell your position of course. So yeah, invest in it and don't delay.

However, no investor is completely safe when it comes to business. There will be risks in business. It is eternal truth. In the crypto currency world I think bitcoin is much safer to invest in than alt coins. At any time you can lose your invested money if investing in the wrong altcoin. Moreover, you can buy Bitcoin little by little without investing at once, it makes it easy to understand the market conditions.

I don't see a significant spike in Bitcoin prices in early 2024, meaning my view is not too risky in the current second, we may still have promising opportunities for Bitcoin users, There is no guarantee that when we enter the middle of 2024, maybe it is very risky, because one of the halving phenomena will occur.

My feelings for now are still calm and improving, even though I have to buy now and invest now, I still believe the best opportunities will happen in the future, but we are still alert that anything could happen to Bitcoin without our knowledge, but I still feel comfortable doing something now, not comfortable for the middle of this year.

When long-term goals and results are important, buying bitcoin at this time is risk-free. 99 days until halving and be patient with market making intentions for ETFs becoming clear. I think buying bitcoin as I decided to accumulate it right now is not bad. The decline in price following the bitcoin ETF was predictable, but it was also an opportunity to take advantage. Then we will think about ATH in 2025.

The only difference between owning btc in 2024 than back in 2013 is the huge price difference, the quantity of btc you would have get with $100 in 2024 is far far less than what you would have gotten in 2013.
As for the risk, it is pretty much the same imo, it all depends on the individual involved to be more security conscious, keep the p/keys safe as much as they can, avoid clicking on unknown links, get a hardware wallet for storage.
The question now remains, will hodling btc in 2024 bring any good profit compare to buying it 4 to 5 years back? if your goal is long term, you can always give it a shot. Keep in mind that everyone have right to their opinion and you should not take online opinions as financial advice. Do your own research and invest what you can afford to loss.   

Yes Indeed, based on predictions on the ATH it seems the winning vote would be $100k after the bull run

If you don't own bitcoin yet, how can you say that investing in bitcoin is a great idea and if you think investing in bitcoin is a great idea then why don't you invest in it? What are you waiting for?

If you really don't have enough faith in bitcoin, you should spend more time learning about it but you shouldn't waste your time either. Because as many people have told you, bull season is coming and if you don't own bitcoin until the bull season actually arrives. You won't know what you missed and will regret it a lot.

Almost several countries will hold elections for heads of state this year and we never know how unexpected things might happen. However, regarding the halving process, I am still quite confident that it will happen when the time comes, but determining exactly when it will happen is still a matter of doubt because it is still quite difficult to predict with certainty. If we calculate the duration of the previous ATH process, there may be a small picture that we can analyze, but it is still difficult to see the exact time when it will happen.

Fiat always cannot be relied on in the long term because its strength in maintaining value is not strong. If we intend to maintain the value of the money we have, it is best to buy bitcoin and hold it until the price reaches its highest before the halving arrives. That is one of the strengths we can do compared to putting money in places that are not productive at all.

May I ask, what's holding you back from investing in Bitcoin. If you know all  this you're saying which is the basic knowledge a Bitcoin investors should know then why haven't you invested yet. Are you one of those peoples that want the buy everything at once. It'll be a complete waste of knowledge if you can give advice to people and give them reasons to buy Bitcoin but you haven't done so yourself. Start accumulating Bitcoin as little as you can and build you portfolio to the amount that you desire. Bitcoin mightn't be a 100% guaranteed investment but you can be sure that when the market starts rising and you own Bitcoin, you'll benefit from the inflow of money into the market.


If you still think owing Bitcoin in 2024 is a risk then you have a long way to go. It's not owning Bitcoin that is a risk. With the high rate of inflation that's making the fiats currency to lose its value, owning some Bitcoin is the best thing you can use to have an advantage against inflation. Its 2024 so calling Bitcoin a scam is kind of outdated because it has proven over the years that it can be a trusted investment. If you're still in doubt of Bitcoin just remember it had its ETF approved and the the U.S. Securities and Exchange Commission (SEC) won't approved something they consider to be a scam.

and indeed the key as an investor is to wait, if he cannot be patient in waiting he will miss a great opportunity to get a decent profit from bitcoin investment, I even think the opposite, if bitcoin investors can be much more patient then the risk looks small in my eyes, but for those who have a level of fear of price fluctuations in bitcoin they are the ones who accept that bitcoin does have a big risk, what is seen from an investment instrument determines how much risk there is in his mind.  Now in my opinion the risk returns to each pair of eyes looking at bitcoin.

I myself feel happy to follow the market drama and keep collecting bitcoin little by little in 2023 yesterday, which makes this year 2024 having bitcoin and buying at a lower price makes me happy and like the future awaits me there.

Bitcoin is not a stable coin the volatilities will always in it and that's why we say little pump currently but if you say current market with coin move down little bit. I don't think it's a risky price for investment even then no one have to do invest in Bitcoin a large amount at once. You can divided your fund and start investing on Bitcoin for long term strategy you can also use the same method for starting.

It's normal to doubt, but believe me, it's the exact same way that those who entered the market in 2017 thought, Bitcoin that used to be $100 is now in five figures? They most have thought it's over too.

If you have doubts, wait till 2028 and look back to see what Bitcoin have become, six figures is now possible than ever, are you going to wait and miss out on the opportunity or you will take some risks and see how things play out? The choice is yours.

If you understand Bitcoin you should see everything coming at this point, 100k or more will eventually happen, don't wait to be tasked for not trying.

Well am not surprised about this because alot of person like you are outside and some of them are actually due to the factor of procrastinating that they are going to buy when the price reaches certain level and when the price does reaches they still fall to buy while others is due to lack of unpreparedness as they don't intend to having plans but feel they can just buy but investing Bitcoin needs proper planning so I will also encourage to stir up some moral and certain mind to atleast secure some stats.

You seem to follow the crypto world a lot without owning any bitcoins yourself. It's great that you have such an interest and keep learning new things. But why don't you take next step and start investing someone money? I hope you are not waiting for Bitcoin to drop back down to 100 USD, because those days are over and are never going to come back. It's very unrealistic that we are ever going to see a price below 10,000 USD. Just assume all the people who jump quickly to buy new coins below a big level like 20,000 USD. There are so many opportunistic investors that would snatch up cheap bitcoins. Which is also my goal for 2024, keep buying more bitcoins as much as possible and build up my crypto portfolio.

Owning a Bitcoin has never been and never wil be a risk. It is an investment in the future, the only risk faced is the same as investors face with every other asset class without removing Bitcoin out of the equation. If any other consideration is given then it should not be tailored to Bitcoin alone.

Those who consider ownign Bitcoin a risk need to go through the Bitcoin whitepaper again if they have for the first time and then compare the blockchain space to the conventional finance space and tell me which has a future.

One do not have to undergo research and trainings in order to purchase Bitcoin.  If you have the fund, you can buy it freely on exchanges.  Owning Bitcoin only needs certain requirements, money, machine and basic knowledge.  Simple people can learn or have these requirements if they just do their own research and study Bitcoin.  When it comes to holding, there is no need to have a brain like Einstein,  One just need patience and know his target price for selling and stick to it.

Investment have all their own level of risk at least with Bitcoin there is a history that its price records new ATH every four year.  So if one just follow the pattern, they don't need to be tech savvy to profit from Bitcoin.

What would it be like owning a Bitcoin in 2024? Well I think there is nothing special. It will be the same as owning Bitcoin in 2023, and previous years. Yes this is Bitcointalk, which is a home for smart people and weird people . So you still can expect different answers here to your question, if that is your main objective. The price of Bitcoin in the past was cheap but its potential was also small.

Now it was the opposite, so I think that should make us late entrants to not regret? Bitcoins being a decentralized currency which provides freedom, is what I think will matter most to those who treat it like a currency and not an investment asset. Government acceptance must still be needed though.

I can understand that years ago people could be afraid of buying bitcoin because the whole situation was kind of messy: scammy exchanges, no clear rules, governments banning it, many people against it, etc etc. Now it's 2024, we even have several bitcoin ETFs, something that just 5-6 years would have been unthinkable. If you are an investor, in my opinion, you absolutely need to have some cryptos in your portfolio. The risk is totally worth it.