Topic: Will there be a boom again? - page 7. (Read 1029 times)

Op, majority of the people will indeed ask you to choose bitcoin over altcoin which is the right thing. But of you have an inclination toward altcoins, it is also good that you divide your portion 70:30 or 60:40 while bitcoin will constitute the larger one, altcoins will take the remaining. It will now be your duty to research for one or two altcoins that you trust will do well in the coming bull run and invest in it. You can use a dollar cost averaging method to invest if your fund is not sufficient to buy once.
So, your answer is gotten before you asked. You cannot expect altcoin to win bitcoin in the bitcoin forum.

If you want the safest investment in cryptocurrency then go for Bitcoin.  Since Bitcoin has the highest liquidity among cryptocurrencies and is more likely to have an uptrend every 4 years due to its cycle pattern.  Altcoin on another hand may give you a higher yield but there is also a high possibility that you can get scammed and the developer will run away with your money.  If you like the mixture of both you can diversify and put investment in Bitcoin and at the same time, time-tested altcoins like ETH, Litecoin etc.(those at the top 20 of the marketcap)

There's no assurance but most of us here are speculating for another bitcoin bull run 1-2 years from now. If you are struggling with your daily expenses in Canada and you are serious about investing into bitcoin, I suggest to do a dollar cost strategy. We all have regrets on not buying bitcoin on it's lowest, I suggest to just move on and accumulate as much as possible since we can't bring back time. We can only use the past as a reference to the investment we can make today. I'm positive in investing on bitcoin personally but don't expect profit that bitcoiners made from the past.

Since you appear to be in good health and believe that you won't experience any issues that would force you to sell the bitcoin you purchase, I advise you to invest your money in bitcoin. In the past, you have missed opportunities to start your investments, so I don't think you should allow the same thing to happen this time. You can start the investment now, and if you keep it, I don't think you will be able to save any money. Either begin investing now and you will undoubtedly make money when the time comes, My suggestion to you is to invest in bitcoin rather than any altcoins, since you have sufficient knowledge of it already. You may start investing your money now, buddy; don't wait for much more time.

No time is the best time to start, and no time is the best time to profit; to me, any time is the best time to enter; it all depends on when you get your hands on information or when you are ready to get started. Because you had information about Bitcoin years ago but did not make up your mind to invest in it due to some circumstances, this should not discourage you now. You can still start now, and your start-up today will be a story to tell in times to come.
 
On the aspect of thinking about which coin is the best for you to invest in, I will tell you that those are based on what you actually want to do; here, we might give you advice based on what we feel is the best, and this rating is a result of bitcoin's having proven itself worthy of trust, adding to the fact that here alone is a bitcoin forum and it's filled with bitcoinners.
 
When it comes to altcoins, you have the chance of doubling your funds invested in them in a short period of time, depending on which altcoin you luckily lay your hands on. There is also a possibility of you losing everything as a result of chasing profit in the short run. For the time being, once you have accumulated any amount of bitcoin and decide to hold it for a long period of time, it's just a matter of how patient you can be. Even when the price goes down a little bit, there is still a higher possibility for you to get back everything with extra profit if you are determined to hold for a long period of time.
 
But it's not always the same with altcoins, as many have proven to be seasonal, and they happen not to last very long. If you hold them for a long time, you might end up not even being able to sell them off ever again in your life, and they will turn out to be a complete waste of investment.
 
There will always be a bull run in time; it just depends on how much longer you are willing to wait till the bull run comes, as the actual time for it to come is never certain.

he should thank his parents as he finished his university and already has PR status in canada. now, he can find better jobs if he wants to. this market should not be look at main source of your income because the likelihood of losing is always there.
and that is true, if he invested way back in 2016, high chance that he got screwed because so many scammers out there. maybe, he's only considering with btc, however, he won't know his decisions back then.
as he has degree to find good jobs, even if he lost in this market, he has something good back-up as he is already educated to find better alternatives.

There's something I am not getting correctly op, you said you were kid around 2016 and you joined this forum since 2016 correct me if I am wrong. And now you came to asked if you should invest in bitcoin or altcoin after having 55 post in this forum you still don't come across a thread or topics that talks about the best coin to invest and how to manage your risk, including how not to use your live savings to invest in bitcoin?

Let's keep that aside, again you said of not wanting to lose your entire savings but you want to became rich through bitcoin don't you know you must first accept the risk that associated with every investment before you could move further? I said it right there are some people who wants to invest in bitcoin but doesn't want to loose rather wanting to be at the profit side of the investment.

To let you know, only thing that could give you the profits you needed is to hold for long time and this doesn't guaranteed you that your asset will remains the same, normally when it comes about bitcoin investment you should know there are two things you can't do away ( the bullrun and the bearrun) this two seasons comes after each others and you must experience it.

Then lastly if you don't want to involve yourself fully into investment then I will suggest you implore DCA, that buying little by little until you keep accumulating enough volume of bitcoin maybe this may minimized your chances of losing huge money while doing DCA.
Keep in mind that you must have a reserve funds to help you otherwise you could panicked and sold off your holdings whenever there waving from the whales in the market.

Nothing really lost. Just assume that you were a kid in 2016 and that's why you didn't buy any bitcoin at that time. Don't you realize that if you had invested in bitcoin at that time without having a basic understanding of how to secure your crypto wallet, you may have lost money or been the victim of a scam. Can't you see that now you do understand bitcoin, you are indirectly hoping for the bull run to occur. If you had purchased bitcoin when you were younger, you would have by that point sold it at a discount along with other investors.

Therefore, you should start using the opportunity presented to you this year as an adult to use it to invest in Bitcoin with your spare money instead of dwelling on the missed opportunity to do so when you were a kid.

Don't regret that you weren't early investors, because based on circumstances, sometimes we have to ignore what we really want. And sometimes we have to do things we don't want to do. It's more beneficial to focus on your current situation and make the right decision. For investment, I would really prefer Bitcoin, because altcoins are highly risky compared to profits. But if you really want to accumulate some alts, then you may divide your portfolio like 50/50. You must choose altcoins from the list. Investing in shitcoins may cost you a lot of money.

Going through your story, I learned that you are regretting why you have not invested in bitcoin all these years, but the truth is that you have not get to much known about Bitcoin then, and by the way, you claim you are still a kid by then, so I will just tell you to stop blaming yourself because it is not the end of the journey of Bitcoin because I believe Bitcoin is here to stay with us, so I will say you still have a great opportunity to invest and also an opportunity to make profits from it.
 
As you said, halving is coming, and everyone is expecting that to happen in a few months. After halving, we are expecting the price of Bitcoin to start moving upward, but nobody can say if maybe the following month or two months after halving the bull run will start. So for anyone that has money, this is the best opportunity to invest because the price of Bitcoin is in the range of $26k to $27k currently. The reason I said this is the best time to invest in Bitcoin is because during any bull run, the price always do 2x or more according to Bitcoin history.
 
In addition, reading that you are seeking for people's advice on whether to invest your saving money in bitcoin or not, I don't think anybody will advise you yes or no because nobody can actually predict bitcoin, so the answer should be yours. Do your own research and decide for yourself, but my advice for you is to invest what you can afford to lose.

I believe that you should not dwell on things that could have been or should have been. Also, do not blame your parents, yourself or anyone else for missed opportunities. Obviously if they knew what was going to happen, they would have let you invest every penny into the coin and probably would have asked you to invest their money, as well. But the truth is that nobody can predict the future and nobody can predict "unicorn" investments. So don't be so hard on yourself.

Trying to predict an amazing investment of a lifetime is like trying to predict tomorrows lottery numbers. Sure, you might or might not get lucky but the odds are definitely not in your favor. So, from a standpoint of probabilities, you did not have much of a chance to become rich anyway.

Personally, I do sometimes feel bad about not investing in Bitcoin sooner, even though I knew about it in the old days when it was worth mere dollars. But, whatever. Nobody can see the future.

If you had research on the bitcoin,you may come to learn about the fact bitcoin will have their next halves in 2024.If you don’t aware the concept of halves,I will explain the same.In every halves,the price of bitcoin will reach the new all time high.So many long term holders of the bitcoin was waiting for the 2024.Mostly the price of the bitcoin will reach the  new all time high in the halves.So if you want to buy bitcoin based on the next pump,now it’s best time to inverse your money in the bitcoin.If you holding the money in the bitcoin,you should hold few months for the good profit.

Are you sure that bitcoin is not predictable? People on this forum predicted bull run in 2020/2021, they predicted a massive bear market in 2022 and they predicted mild bull run and bear market in 2023. It all occured as predicted. Bitcoin has been so predictable but what you can say is that it is a volatile asset. If it is savings, it is different from the money that would be used for daily living and securing it in bitcoin is a good idea when the price of bitcoin is low like this time.

Well first for the sad and regretfully experience you had but with what you already wrote in your comment I would like to think that this time around you would have learnt something and then rush to get some bitcoin because the price as you can see is still low comparing to the last bull run so there is certainty that it might touch that point if not anything even go beyond that point so you contemplating it's even wrong because you ought to have research about this coins since you missed the first opportunity because if you eventually miss a second time then that's when your story of sadness begins.

Yes, you should invest your savings in Bitcoin because that's the safest option for you. I won't recommend to invest in altcoins as they can go zero in value anytime and if you're still into altcoins then go with the ones that have been doing well for long time. I still recommend you to go with Bitcoin because that's the only option that's safe for investment purposes.

The Bitcoin will definitely go high in value after the coming halving event and if you start investing it from today then you may earn some good returns from your investment within two years, but if you are someone who can hold for long periods like decade or two then you will surely be among the millionaires if manage to get 1 or 2 Bitcoin in your portfolio.

Honestly, as someone who's been "in to" bitcoin for years now, I have my doubts at times.  I absolutely unequivocally believe in bitcoin and it's technology, but my problem is with the human race, if I'm being honest.  I think that average human is a nitwit, and people don't know a good thing even when it smacks them in the face. The problem with societies across the globe is people get too complacent with status quo, and right now that's fiat money being the only form of currency, for the average human being/government.  I do have faith in the younger more progressive generation, and I do see some chance for another boom, but I just see it as a slightly less chance of happening like it has in the past. 

When you pointed out about your savings fo you mean investing all you have? You definitely can't invest all your savings in Bitcoin, how do you intend to survive?

I would advice you act wisely, crypto-currency is unpredictable and Bitcoin is not left out, have a plan you can start with that amount you are good if lost(not saying you would lose your funds) but start small and grow your Bitcoin portfolio .

Bitcoin increased to all-time-high of $69000 in November 2021 just as it increased to all-time-high of $19600 in 2017. It decreased significanly to $15400 in the following year which was 2022 as it did in 2018. The following year after 2022 which is 2023 that we are now, bitcoin price increased but not very well, this was what that happened in 2019. Bitcoin halving was in 2020 which we can relate with 2024. All-time-high in 2021 which would be 2025. Expect all-time-high in 2024/2025.

So that answer to your question is you should invest in bitcoin. Yes, you should.

Yeah It's always a question of when but for sure there will another bull running for crypto. This isn't going to be a 'stuck market', we all know it's been volatile. It reached a very impossible all time high back then, not mentioning how many economists said that it won't reach above 20K LOL. But then again we have so called factors to call in the market, crypto has never been as huge as we have it now, so taking another step would take time. If you only wait for the ride, then that won't be very easy you might need your money for personal purposes so I suggest trading crypto with reserves so you'll have rounds when we launch to the MARS.  

You should invest your money in bitcoin NOW. I advise against putting much money into alts, it’s a bit of a lottery, roulette you could say. History is littered with alt scams, rugpulls & unscrupulous behaviour. There will be another boom of course, you’re just in time to catch it in the next couple of years if you buy now.