Why is cryptocurrency bullish in the long-term - page 2.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Cryptocurrency can be one a source as well, what is wrong with it?

Warren Buffett only invest on the companies and fields where he strong about it on that technology based is not in jis priority list but it doesn't mean that any tech company never made any profits.

Rajamuda

sr. member

Activity: 924

Merit: 255

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Cryptocurrency has become one of the important things and is increasingly well known in long-term investment to encourage finance, especially young people, of course they will be very interested and highly curious to explore crypto/bitcoin till know it better.
Over time, because crypto has good popularity.. of course it will be easy to learn all the characteristics of its advantages in terms of investment, I'm sure it won't be difficult when they try to analyze and try to gain insight more deeply, so they can earn profit from crypto.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Ausgewielt on July 17, 2021, 07:57:30 PM

For me understanding the trend is very important. Today most of us have smartphone, it is mean that businessman can easily approach the market and sell their product. I think this situation make the competition even tighter, and companies which can provide advantages (include the ease of transactions) to the customer will win the competition and get market share. Now we are not only buy physical goods but also digital property. For me using cryptocurrency to buy such things is better than when I use bank service. So I invest in bitcoin because I believe that the demand for bitcoin will always increase and the price will tend to rise.

Even without the usage as a currency, the value of Bitcoin will move up. Because nowadays it is more likely to be used as an investment asset. And it is important to have an asset that is protected against inflation, because the purchasing power of fiat currency is going down on a continuous basis. There are other assets that are protected against inflation (such as gold and platinum), but even these assets are getting riskier to invest now because of the rising levels of asset seizure by the authorities.

hugo_uzman

newbie

Activity: 40

Merit: 0

the scarcity of bitcoin supply has a higher inflation in a long period of time, that is why holding bitcoin for long-term investment deserves a happy and lucrative returns.

Ausgewielt

full member

Activity: 453

Merit: 104

For me understanding the trend is very important. Today most of us have smartphone, it is mean that businessman can easily approach the market and sell their product. I think this situation make the competition even tighter, and companies which can provide advantages (include the ease of transactions) to the customer will win the competition and get market share. Now we are not only buy physical goods but also digital property. For me using cryptocurrency to buy such things is better than when I use bank service. So I invest in bitcoin because I believe that the demand for bitcoin will always increase and the price will tend to rise.

Desmong

member

Activity: 812

Merit: 13

Crypto bookmaker and casino

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Why is your topic not correlating with your point of discussion? Cause I was expecting to see things related to Bitcoin bullish movement. Although that is for another day.

Cryptocurrency investment should not be the only source of one income. Income source should be split into different areas so that if one is not doing well or having good returns from a source, others might be encouraging enough. This is the way big billionaires in world operate, putting their eggs into different baskets.

Ngemmeng

full member

Activity: 1134

Merit: 100

SOL.BIOKRIPT.COM

I am a young person who also invests in cryptocurrencies. I participate in the bounty and airdrop campaigns, then I will hold the altcoins I earned until I reach the target price. that's more or less how I seek to profit from cryptocurrency. I do not use capital, only rely on hard work and luck.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: XUNing on July 16, 2021, 09:05:56 PM

Crypto currency is currently the most popular investment field. It has already brought huge profits to many investors. Now many new users and institutions are making profits by investing in cryptocurrency. With the increase in the use and circulation of cryptocurrency, more and more people realize the benefits and significance of crypto currency. But the total amount of Bitcoin is fixed and scarce, and the supply and demand relationship makes its value rise, also a lot of room for appreciation in the future.

A question I hear again and again is that Bitcoin has gone up already by so much, and what are the chances of it further going up. But look around for similar cases. I compared some of the large-cap stocks such as AMZN, FB and MSFT with Bitcoin. For the last 5 years, AMZN has given returns of 400%, despite having a very high market cap at the beginning of this period. Now take the case of TSLA. It has gone up by 15x during the same period. So the conclusion is that if a particular asset is good, irrespective of the current valuation, it will give good returns in the future.

Rasa nanas

full member

Activity: 1442

Merit: 108

they don't do any difficult analysis, they just compare the price of bitcoin a few years ago to today. with that simple analysis they have confidence that bitcoin is a very profitable investment in the future. the limited number of bitcoins and the growing interest make the future of bitcoin look very bright.

XUNing

member

Activity: 73

Merit: 10

Crypto currency is currently the most popular investment field. It has already brought huge profits to many investors. Now many new users and institutions are making profits by investing in cryptocurrency. With the increase in the use and circulation of cryptocurrency, more and more people realize the benefits and significance of crypto currency. But the total amount of Bitcoin is fixed and scarce, and the supply and demand relationship makes its value rise, also a lot of room for appreciation in the future.

tygeade

legendary

Activity: 2086

Merit: 1058

The real reason is that we are all very much in love with what bitcoin is bringing to the table and that is not something we will be leaving anytime soon, we are going to have to force ourselves into a level where we have to accept the fact that bitcoin will not be just a profitable thing but also beneficial thing and that just doesn't exist anywhere. Who in the world knows a thing which you can invest into that not only helps you keep profiting, but also allows you to spend it anytime you want?

I do not think that "invest into dollar" is something that makes sense to many people, which means that bitcoin is the only one, hell we can't even spend gold these days. Long story short the great thing about bitcoin is the flexibility, it is the all in one package of investments and that means a lot to many people, we just have to accept that and realize that about bitcoin.

Tina H

member

Activity: 101

Merit: 10

In the long run, the global circulation of cryptocurrency will become more and more common, and it may even reach the supermarket to buy food. As more and more people use cryptocurrency, the number of cryptocurrencies will decrease. When the quantity decreases, the scarcity becomes more expensive, and the price will naturally rise. Secondly, more and more people are also beginning to like to invest in cryptocurrencies. When a large amount of money flows in, the amount will change. Cause a qualitative change, and the price rises naturally.

Liamttw

member

Activity: 126

Merit: 19

Quote from: TheUltraElite on July 06, 2021, 01:32:16 AM

Nectar attracts bees. Thats the point here. People want to get rich and make money by putting in least efforts. That is why they get FOMOed and start buying things that are high.

I am not trying to dissuade anyone willing to buy bitcoin, but they see the profits that they could make if they bought bitcoin a few years back.

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Why are they so optimistic about the crypto market

I cant say from their perspective, but hype is defenitely a part of it. Maybe some of them actually understand how bitcoin works and they believe this to be having an important utility in future.

Quote

and how do they analyze and profit from it?

I assume you are asking as a newbie. So as advice to newbies, stop listening to youtube videos about crypto. Learn how it works and see its use-fullness, then go for analyzing charts. If you have a background of stocks you will not find it difficult at all.

About making profits, spot trading is what I suggest to all newbies but point of entry should be low. That you have to decide on your own and defenitely is not 40k USD - that would be a loss at this time. Only go for margin trading if you are well-versed in it, otherwise not.

Thank you for your advice and guidance, it is very helpful to me. I am also learning to understand the crypto market and price trend analysis charts, analyzing and judging investment timing. And I hope that I can invest and earn profits based on suggestions and learning.

fara_buduk

full member

Activity: 616

Merit: 100

gik nyareh proyek seteppak pas sepak

In the midst of the pros and cons related to crypto assets, in fact now more and more young people and economic actors are moved to be involved in it. So, what is the reason they choose crypto investment because blockchain technology, which is under all crypto assets, can trigger a financial revolution in the future

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Princejebs on July 12, 2021, 05:22:04 PM

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years.
You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate.
The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future)

Anyone that takes the time to look at the posts that were made years ago will see the same that is happening now back then when bitcoin was cheaper, there were people that thought that bitcoin will never touch dollar parity or that we could never reach 1k per coin and now look at bitcoin and its value, so it is to be expected that the same is going to happen again during the next decade and the people that are now wondering if bitcoin is a good long term investment are going to regret not using every single cent they had available to buy bitcoin right now.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: rosebrand on July 11, 2021, 08:40:16 PM

Like it's always said knowledge is power, most people loose capital in crypto because there refuse putting in much efforts and expect good results, most newbies due to hype buy some coins at a very high price and end up loosing funds when prices retraces, so this is more reason why more efforts and time is need, try to educate yourself on how the cryptocurrency works, tho the market price can't be predicted perfectly but with good knowledge you can be at the safer side.

That's right and it's definitely not easy to make a profit in cryptocurrency,
especially for beginners they need to learn more because nothing is instant here,
and as you said knowledge is very important and need to work hard to understand it

perfect999

sr. member

Activity: 1694

Merit: 299

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Predicting cryptocurrency can be very difficult, because the market is volatile. And it is not like other assets that are controlled by the government , it is totally on its own and is influenced by the buying and selling (demand and supply) in the market.

But that’s not to say that you can’t go through technical and fundamental analysis when you want to predict the market, but it can be wrong a lot of times, because any event can take place and bring a change that is totally different from what you have thought would happen. So being a trader or investor in the cryptocurrency market requires a lot of hard work and being up to date.

andriarto

sr. member

Activity: 1344

Merit: 253

Quote from: Princejebs on July 12, 2021, 05:22:04 PM

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years.
You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate.
The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future)

with its supply still different from fiat currencies, and more and more in need of it even though legalization is still difficult, I think bitcoin is a new breakthrough that goes against the current government system that can print its own money. but we see more and more people who are aware of and study bitcoin and predict what will happen in the future, so that the development of bitcoin seems to be unstoppable even by the government.

Princejebs

member

Activity: 560

Merit: 26

Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years.
You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate.
The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future)

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Reid on July 10, 2021, 11:16:31 PM

Indeed. I think most of our old men are stuck on that kind of view. Traditional view.
Even if they don't trust the government, it's just the simplest way to invest with no trouble which is wrong.

Investments should always have their risk. Bitcoin has risk, no doubt.
But, it had been years and it's still getting more valuable so I guess that answers how much risk were lowered because of the trust that is obtained from its followers. Here's the good part, it's growing.

What we see is a great amount of misinformation given by the government and since people are naive they believe whatever they are told, but for those that take the time to actually make their own research bitcoin immediately comes up as one of the best if not the best form of money we have available right now, this makes bitcoin valuable and if anything it will get more and more valuable as governments keep printing money thinking they can get away with it forever, but soon enough they will discover this is not the case anymore but by then it will be too late.

Topic: Why is cryptocurrency bullish in the long-term - page 2. (Read 747 times)