Topic: Will there be a boom again? - page 6. (Read 956 times)

Similar incident could've happened with more number of bitcoin users. Same as OP most users could've had the thinking, if we've spent big money during the beginning days now we could've been rich. Rather than thinking about the past days and missed opportunities it is always good to keep ourselves prepared for the upcoming opportunities. Cryptomarket is highly volatile in nature and the same keeps the market vary. We can expect things to be better with time, and hope for better things.

I had the same thing back in the day I think it was 2017 as well I think the price of Bitcoin was around 400$ when I first discovered what Bitcoin is and I was really amazed because some of my friends were able to earn fair amount money on it, then that is when I get interested on it, but still I dont really have money that I can use to invest on it so I was really hesitating as well even though if I have a good amount of money my mindset that time was on spending so if I earn a good amount of profit I would probably just spend it on the gadget.

But still, I continued to invest even though the market price already skyrocketed because I just thought that the market was going to continue and it was a good opportunity even though I missed the first one, I got lucky on the second one since the last Bullrun I earned a good amount of money that I use again and reinvesting again today waiting for another opportunity to sell on the Bullrun.

For me, there was no other option but one thing that I learned is there are always opportunities to make a profit in the market so you should still invest especially at times like this when the market drops.

My best advice stay only with BTC but put a bit on memecoin, something that you can laugh for when you get a ton of profit. Some may not actually agree but for me, as long as its price goes up the opportunity is there. Dogecoin is still among the top coins.

Eventually, you will see which of the altcoins today will have a higher price in the next bear market. You could only say, "I totally missed 2024's boom." There's always something to regret when you know you will have to spend more to achieve more.

First of all, I want to congratulate you on the achievement of completing the course. Now about the thing you want to do: As far as I can see, you already have an idea about what you entered here dude. just remember before making a decision always follow your heart and mind.

Just make sure that before you decide what to do, you have done it your own way if you know how and checked it out so that the money you will use is not going to waste in the end whether it is a cryptocurrency or bitcoin. Good luck

Yes of course, Will there be a boom again and it even if it's not in 2024, it's safe to say that Bitcoin will be worth 100k by early 2025. Because according to the market cap, it is understood that between 2024 and 2025, the price of one Bitcoin will leave 100k. Moreover, the pumping of Bitcoin may start from this year, and its price may break 40k this year itself.

Everyone wants ready-made answers and solutions. It doesn't happen that way. You yourself must decide what to invest in, bitcoin or altcoins. In order not to torment yourself with a choice, just create a classic diversification portfolio: part will be in btc (for example 40-50%), and the rest in altcoins (60-50%) . You can choose the ratio based on your preferences, what you believe in more. One way or another, bitcoin halving will affect not only the price of btc, but also altcoins. Bitcoin will bring lower profitability, but is more reliable, and altcoins will do the opposite (higher profitability, but higher risks). By purchasing both, you can balance the risks and returns. Something like this.

None of the members here in the forum can tell you that you can buy bitcoin or other altcoins now. My advice to you is that you must do your own research and analyze the advice or opinions that the commenters will give you on the topic you have already researched.

You are here on the bitcointalk forum, and I also think that you did not make a mistake in asking what you wanted to know. Because there are many who can give you good views or advice about your concern or the answer to what you want to know. And I also think that somehow there is an idea in the Bitcoin world as well.

Dont blame your parents for missing out on bitcoin. At that time, if you are really interested and have enough faith in bitcoin, I believe that your parents or anyone cannot stop your determination. Simply because at that time you did not have enough faith in bitcoin and you chose to follow your parents' advice to go to college.
Furthermore, while studying at university in Canada, you can also invest in bitcoin, but why don't you continue to learn and invest in it? Apparently your faith in bitcoin is zero and now when you see it increasing in value, you start blaming your parents for stopping you, laugh.

I get the impression that you wasted your time without realizing that what you have now received in education is much better than the millions that you would have spent. Could you have predicted that Bitcoin would rise to such heights? How many such prophets have we seen? Therefore, read xhomerx10's post slowly, preferably slowly and several times. Not everyone here is lucky enough to move to another country or, moreover, to get an education. But many here lost their chances of becoming millionaires since we also heard about Bitcoin but did not buy it, and sell it for pennies. Many regret their mistakes but correct them. Therefore, stop whining about what doesn’t exist and catch up with time now so that in the process of worrying, you don’t miss your chance again.

In 2016, many programs that "only" used the name bitcoin or crypto, which became a scam and defrauded many people who joined.
And it's normal if people around you say that it's a scam, online bullshit or something else because they hear and read about these things so they tell you to keep studying until you graduate from college.
You can't blame your parents for asking you to finish your education because they think that when you graduate, you can get a decent job.

And if you ask whether you can still invest in bitcoin now, the answer is that you still have time to start and some, even many, people have just started investing in bitcoin, so you are not too late.
You need to focus on investing in bitcoin and not too much on altcoins because bitcoin will increase again.
But you can also invest in altcoins as an alternative investment so you can benefit from altcoins.

it's your choice whether you want to invest in bitcoin or not, but as you understand, investing in bitcoin has risks and you should understand that the money you invest can drop in value at any time. if you are still in doubt, it's best not to invest or if you want to invest, don't invest all your savings, set aside some in case you have an urgent need.

and your question is whether there will be another market boom or not, it definitely will be, but exactly when no one can predict. so everyone right now is just waiting while buying small portions and holding them in their wallets.

Predicting the price of bitcoin in the last halving is not a lottery because what was predicted was what that happened.

It is never too late, you can still invest and your wealth will grow as bull market will soon come.

What if he invested on altcoin it becomes a shit coin and instead of it to increase during bull run it started to decrease in price. It is good to learn about the altcoins he wants to invest on becuase some altcoins can be disappointing.

If regret can make us go back to the past then I will choose to buy as many bitcoins in 2015 as possible, I know that there is nothing wrong with what you are asking, but there is no right price to buy bitcoins, it is all your decision, Bitcoin prices are very fluctuating, today they can rise 100% but a few hours later they can fall 100%, so using the DCA investment concept (to buy bitcoin) is highly recommended to protect your funds and reduce the possibility of you experiencing losses due to cut losses or so on.

First off, don't take advice from those who aren't or haven't been in the situation you're or seeking to know. For instance, you don't go seeking marriage counseling from someone who's not married; whether they're priests or not. I don't care whatever appendages they add to them, once they aren't married it's wrong choice for me. It's like going to seek automobile advice from someone who doesn't own a car and isn't a mechanic. Despite the depth of their theoretical knowledge on autos, it won't equate that of someone with a first-hand experience on it.

You should quit blaming anyone for your ineptitude and lack of decision to invest in Bitcoin then. Blame yourself. The fault is yours. Don't make anyone the fall guy. If your story is genuine and you continue to harbour this mindset of blaming others for your failure (when they clearly aren't) you won't be able to move on. The time is now again to invest in Bitcoin. You've got another opportunity.

This is the same thing I observed above. You've been in this forum since 2016 and have witnessed two Bitcoin circles (from bear to bull) while you're here, yet you're still foot dragging on the issue and asking random strangers if you should invest in Bitcoin or not.

If it is your life savings before investing think of it for many times if you can bear to invest with the fluctuation that happens on it every single minute.

Better to go with Bitcoin first if you're starting out. But you'll see people to suggest you the top altcoins like Ethereum.

The best approach you can do is to DCA. Every payday you can allocate a percentage of your salary and you'll do that continuously. Don't touch your savings if your lifestyle there is unsure and you have to bear with the inflation daily. Just DCA and buy it whenever you wanna buy or set a schedule like every payday, every week or every time you're comfortable to do it.

As you have said, it won't be easy to do it and you must also be very patient on what you are doing right now because as you have know where other people are weak when something is happening that isn't good for them like price decreasing which will force them to sell unlike others where they didn't sell their own assets or you know it as FUD. If a person doesn't have great patience then he/she will be most likely get affect from others who spread FUD.

You wont really be having those kind of worries if you are really just that investing on the amount which you can afford to lose because if you have put up your life savings on it then for sure you would really be having these kind of reaction on which it is something that you should really be a avoiding on having that all in. Market would really be composed of bearish and bullish movement and there would be times that it would really be having consolidation. Doubts would raise if you do long time experience on having that sideways movement on which it would really be molding those questions in mind that what if the market wont be able to recover?

These are the main things that you would be having in mind on the time that you would really be experiencing these kind of long time sideways movement. Hesitances and doubts will really be there
which we cant really blame them out because we are just humans and we are really that emotional when it comes to money specially on losing it.

 Migrating to Canada and getting an education was much easier than trying to become a Bitcoin millionaire.  You likely would have been scammed out of your hard earned money by Ruja Ignatova of OneCoin or BitConnect or maybe The BitClub Network; even if you avoided those, you would have stuck your coins on an exchange (one that would ultimately lose or steal your coins) and tried to double them by day-trading eventually ending up with sweet fuck all while still living in a shitty country.  The odds of you being able to buy enough coin from 2016 and making it to millionaire status today were slim to none.  The best investment you made was in yourself - you are now employable and living in a fine country; you should thank your parents over and over again; maybe take them out to a nice dinner in Canada several times per year and hug them often.

 The average bitcoin price in 2016 on a weekly closes was ~$US$568  the maximum price bitcoin achieved (weekly interval) was ~US$65,500 so about 115X.  Keep that in mind and then think how you could have studied in Newfoundland and Labrador for CA$9,321 in 2016, saved over 50% in tuition fees and put the other 50+% into bitcoin... but no! you chose to study in BC and spend CA$21,700 or in Ontario and spend CA$29,921 on tuition.  Either way that would have been CA$12k or CA$20k you could have put into bitcoin which would still have been worth either CA$1.38million or CA$2.3million.  I'm just trying to demonstrate that we can all play the hindsight game.  The fact is, you had options so don't blame your parents for your perceived failures - own them.

 Whatever you plan to do now, you have to be able to invest the money and not think about it again - you can't be worrying about how to pay the rent or buy groceries because you have to live.  Set aside a percentage of your income your comfortable with, get yourself some professional investment help (probably not from bitcointalk), stay away from debt - it'll suck you dry.  Lather, rise, repeat.  Oh, take two jobs - you'll have less time to spend your hard-earned money on frivolous things like 60 Gb internet on your phone, Stray Cat concerts, over-priced Starbuck's drinks or boba teas (make sure you set aside enough of the take-home pay from job#2 to cover your income taxes and DO NOT invest it).

  I believe bitcoin could 10X from here but that's just my opinion and opinions are like assholes - everybody's got one.  Good luck!  Tell your parents xhomerx10 thinks they're awesome.

The first thing is that those questions you ask and the context of it make me think that you are not clear yet, neither with bitcoin nor with life itself.

The information is always the "key", so, it leaves me a little disconcerted when people talk of bitcoin as if it should have been "Noah's ark", the economic salvation of all.

You can to review the available investments that have existed in the 20th century and those of the 21st century, thousands, some have achieved success, others simply have not, or some others are in a cycle of opportunities, typical of any type of investment, so how do you know?

You have to invest money that you do not need for your basic life plans and paying your tuition fees is that type of money, it is the secure information that your parents handle and decided to invest in that.

If you want to know what to do, just make the right plan, do your research well, raise awareness about the investment based on your life priorities, what is currently happening with bitcoin may be in one of the stages I mentioned, a cycle of opportunities.

Then, how to know it, In any case, always keep in mind that as I said, the only investment available is not bitcoin, it seems that everyone now understands investments because bitcoin exists.

Finally, don't criticize your parents, they made the right move.

I am not going to suggest anything in this case whether you will do it in bitcoin or altcoins because in the end all decisions are on yourself.
If you really believe and still expect the same thing in bitcoin as the regret you said for a few wasted years then invest in bitcoin but if you really want to be in altcoins then it's back to you because all actions have their own risks.

Don't rely too much on the opinions of others because you have to focus on your goals so that with that when the decision has been made you will not regret it again in the next few years and do not let you feel limited by the opinions of others and regret not buying your choice this year in the future as you do now because you are limited by the opinions of your parents before.