Bitcoin Forum

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

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.

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 :D.
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.

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

"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.

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%)

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.

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.

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.

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.

Think of it, Bitcoin is the only that pumping it's price now. Its either you want a profit or loss on this current trend. There is no chance to find a x100 coin to a market with a huge BTC dominance percentage. The reason why people still investing on hthis high price is because they are riding the waves and this is easiest and common way to profit on trading rather than buy at lowest price because you can't determine if the price is reallyy the lowest.

Supply of bitcoin is just 21M which makes it scarce and unique, bitcoin is immune to inflation and great store of value. In my opinion people will be buying it no matter if the price is $16k, $32k, $64 etc.
Everything is subjective, you may think it's doesn't make sense to invest in bitcoin with $16k price but what if let's say in a year the price is $160k. People who believe in bitcoin don't care about how much it costs in fiat, 1BTC is still 1BTC

People invest in bitcoin because of curiosity from what they read on social media, watching Youtube videos. They curios if the bitcoin price can really increase so high or it just stays at the current price. But the main reason for them to invest in bitcoin is that bitcoin can give them a profit. Many of them learn that bitcoin can be the next revolution in investment, even if the bitcoin price increases.

Many people also invest in altcoin, which has a low price than bitcoin. But they need to have the right altcoin to buy because there are many altcoins which can increase in the future. But every people will have their own reason why they would invest in bitcoin.

FOMO - I think this is one of the reason that people still invest in bitcoin even at higher price. You know that each time bitcoin can go higher because there are many people wanting to own bitcoin. More and more people will going to own bitcoin and the result bitcoin will become expensive over a period of time. Buying now is never a problem unless you just want it to hold for a long time and probably you can see or witness a good market price of bitcoin in the future.

Do you really think that it is that easy? Don’t you realize the higher risk associated with altcoins these days? People choose to invest where they can reduce the risk of losing. They find a coin that has the potential to survive in an unpredictable market. Thus, they choose to invest in bitcoin and they can freely do it, as they are responsible for their own money. Considering the numerous scams and altcoins that lose their value, in-depth research is required to determine which coin is worth it and profitable.

My friends, this is crypto, before investing in it, we do not know if we will make profit or loss. So no one can tell you from which coin you can make 100x profit in a year. But we can expect a good profit from Bitcoin but still no guarantee of 100x profit. Crypto is unpredictable, it is very difficult to guess any coin's future price. hence do not invest in any project whose team promises you a big profit.

There is no grantee Bitcoin will make x2 and there is no grantee any alt coin will make x10. You should research and see if that coin will be used more 10 years from now. And then buy it. Also dont forget to figure out how to store it safely. It does not matter if a coin went up 10 times if someone steal it from you and you end up with zero.  Also always spend only as much as you can afford to lose. What can go up x10 can also go down x10. And usually go down before goes up and opposite. So for your health sake invest as much as you can afford to lose to seep normally when prices go down.

It's because it's more reliable and first of all cryptocurrencies.
Nothing bad in getting in at this point if your analysis is good. Most altcoins this days are can't be relied on due to many and scam.
Bitcoin dipped to around 3k and people doubted about buying, now it's at 16k, it's never late to buy.

How many altcoins are created everyday ? How many only last a few months ? There isn't enough time in the world to follow all of this and get a good idea of what might have promise and what will fizzle out. And to be honest at this point even the best concept has all the chances of going nowhere because of the saturation.

If you can get into them freely of for cheap (airdrops etc.) why not, but I wouldn't wait for the price to jump 100x before jumping out.

For myself I find it just takes too much time.

If earning 10x to 100x in altcoins is that easy, then we should never see a person struggling to make profits on altcoins. You should also be able to answer your question about what coin can increase 100x within a year.

It's ok. Just sit back and relax and let the buying at the price of $16,000 be managed by those who can afford it. Not your money after all.

After all, if no one buys at that level, BTC will never reach another ATH and I'm sure you don't want that.

There are two possibilities for the reasons why they are buying BTC right now moreover the supply is high.
First, it is about buying BTC for investment although it is at a high rate right now. This may be influenced by the trust and also the worth of the BTC itself. They have their own consideration and it is about their belief that BTC will have a higher price again at least in the next year. So, many hopes to get a worthy investment of hodl.

The other reason is that they are buying the BTC for certain other profits. Here, we can see the use of daily trading where they will get profits from daily trading. In this case, they buy the BTC and then make profits directly to sell t as a daily trading profit. In futures trading, we can get profits even the price of BTC drops or rise.

With high reward comes with high risk and not many are willing to take the risk of losing their capital just because a particular aspect of the market has higher potential to give huge profits. The same reason is exactly why many enthusiast don't trade instead they just buy and hold their coins of their choices be it bitcoin or altcoins.

Bitcoin past record also has apart to play in this as it has built trust for itself due to it continues increase in price from over the years but that of altcoins can't be certain. You would make profit but hardly lose if you're willing to hold bitcoin even when the market is unfavorable but that can't be said in altcoins as you can easily get dumped on if you're that invested in holding the tokens.

New project are developed daily so your alts has a higher chances of getting dethroned from whatever technology it was working on and superior project or most hyped become the trend of the day, leaving you in red (lost).

People's confidence in altcoins has declined since the short defi trend which caused a huge loss for most traders and newcomers. Currently, people don't want to take the risk too far and prefer bitcoin as last hope. At any price it's okay to start investing in bitcoin, we can see in the chart that bitcoin in the last few months continues to try to reach ATH.

simply because bitcoin has a huge potential, even though there is a risk that it will go down, if you know the price trend every year it still, gaining and others are correct about bitcoin is where it's better to invest, against those altcoins that you are not sure if there is really huge potential, now i think they are aware that there is a chance that they are going to lose some money, but investing is really a big gamble its either you gain or you lose everything, but always remember these word, invest only the money you are willing to lose.

At the end of the day you have a finite amount of money to invest. Let's say you have 1000$ today, then 50$ every month. I wouldn't put 1000$ in Bitcoin right now, because the price has just surged so much. I would probably keep the 1000$ for a better entry point, but buy 50$ of BTC every month (or 40$ BTC, and 10$ some other alts you think have potential).

I thought so in 2017 too and I was very wrong.
I transferred some of the funds to some "promising" altcoins and when there was a big drop, all those altcoins fell a lot more than bitcoin and never went back to the old price, unlike bitcoin.
Bitcoin has already shown that it has great growth potential and I'm sure it will grow a lot more so it makes sense to invest in it even now.

When I first joined the forum last 2017, the price of one (1) bitcoin was around $4200-$4400 with occasional highs and lows. The reason on why most people invest into bitcoin is due to its high volatility that has the potential for its price to skyrocket. Currently, the price sits at $16,000 and most people believe that its price would again skyrocket in the near future.

Altcoins, on the other hand, do have the potential to be profitable but the risk is too high for someone to invest compared to bitcoin. Lots of shitcoins, fake projects, and exit scams plague the ANN section of this board which contributed to the stigma that altcoins are "scam coins."

One factor why most of the people put an investment even there is a pump is they want to join the ATH rocket and fly to the moon again. Profit is profit no matter how much it's it you don't need to have 100%, 70%, or 50% profit on your earnings and some want this even just a small amount of profit. Before an investment, some of the people already know the risk and possible loss of assets so I think they already prepared for that.

One thing too is right now the market graph of the bitcoin is still on uptrend even there are some falls down this is just normal people are selling their coins.

Also, we all know that every time the bitcoin pumps the altcoin dumps this is a common concept and vise versa so are you willing to risk your money? I guess you won't, so why not take a ride too?.

Why invest in the S&P 500 and maybe get 8% per year when you could invest in penny stocks and make 100x that much?

The answer, penny stocks (like altcoins) are mostly garbage that are likely to lose nearly all value and it's more in line with gambling than actual investing.  When you have wealth, investing is as much about protecting your wealth as it is about generating more.  There are only so many places you can put large sums of money where it can be considered safe.  Even FDIC insurance only goes so far...

Penny stocks are a good analogy, I'll keep it. And just like with penny stocks, I see poor people putting money in altcoins just because 1 unit is cheap. So they can buy several of them, whereas they could only dream of buying 1 BTC.

However after some time they have lost on their investment, while BTC has gone 3 or 4 times the initial price in the same timeframe...

Yes, valuing things by share/coin price and not Market Cap is one of the biggest mistakes I see from people who have no clue about investing.  In my opinion, this is the reason why altcoins like Ripple can continue sucking in money from unwitting investors who don't realize that it will NEVER EVER EVER reach ANYWHERE NEAR Bitcoin's price per coin due to having so many more XRP outstanding.  Whenever I get random facebook messages from people who can barely manage to work a computer, they're always full of pitches about investing in Ripple because it is currently so cheap.  I just tell them not to invest and then wait for the "I should have listened" messages that I get so frequently. 

You are recommending people to gamble if that is your logic, it's risky, I have seen some people making money on the pump and dump coins/token, only to lose all of it because they tried to extend their luck.

Bitcoin and Ethereum is the safest bet they are not making a huge pump in price but you can be sure that if it dips or the price slip it will eventually recover, many investors are on HODL strategy and they're making a profit, you just need to be patient and here in Cryptocurrency the market is highly volatile, you need to moderate your greed.

Bitcoin has pumped 40% in one month, isn't that huge for you ? In fact people are predicting an imminent crash because it's too fast !

Of course only last year BTC pumped 40% in one day so I guess from that perspective 1 month is kinda slow... :D

But honestly speaking is kind of slow lol. We all expected the previous all times high to had be broken by now
(take a survey and many would related to this thought) but it's quite understandable since bitcoin had to surfer some setback as a result of the pandemic crash that saw all market getting affceted.

Bitcoin has set high standards for itself that even when it does extremely well in regards to price appreciation it still doesn't get the accolades it deserve just because it didn't outperformed it's previous highs like what we're experiencing now.

Well for BTC to rise significantly billions of dollars must be invested, it's not like a small altcoin where you can move the price with a few dollar bills.

If you want to day trade bitcoin go for it, personally I find it too difficult, but regardless, you should hodl a BTC stash, because BTC is rising on the long run.

Some yes back, Gold served as a currency and many valued it as such until paper money, the regular fiat came and took it's place but still, Gold never lost it's value. Many have linked Bitcoin with Gold as it stands as a major store of wealth and this is not too far from one of the uses or what Bitcoin stands as. This explains why people still sort out to buy gold till date, not just for it's ornamental nature but, the value that comes with.
This is the position Bitcoin enjoys today, not just as a crypto currency but, a currency with value and despite it's high, people still invest with the knowledge that, it's sure to maintain or increase it's value over time in contrast to Altcoins.

Again, Bitcoin isn't just hoard, it's also used in trading amongst other careers to make the most out of it. Speculating the probability of a coin staying in business is not an easy task and this is some of the things Bitcoin has built and enjoy today. It's trust is never staggering as Altcoins so, your sure to have it boom always.

Simply because even if Bitcoin can provide only a 10x profit, the chances of having that reward are high at least unlike investing on altcoin that could really give 100x times of profit but the probability isn't that high as Bitcoin can provide. For simple explanation, the higher the profit it is, the higher risk you will take and that is exactly what investing in altcoin like. Now it is up to you whether you take the riskier but higher profit or the lower one but more guaranteed.

Hihi, I love it when people are missing the actual motive behind a topic.
You guys are focusing on the wrong thing, this is not about bitcoin not making more than 100% or how much is 100% compared to traditional assets, the aim of the topic was this:


This is his main concern, not that he will just double his money with  BTC, he wants to know how to make x100 in a year.
So, start with the recommendations! I nominate bitreconnect and twocoin!


But if it takes 5% to raise the price up it also takes a sell order of 5% to bring it down!
It doesn't matter if the coins rockets 100x if all the investors are unable to sell at that price and if only a fraction of them could simply dump it to zero.

I guess it's not really that bad to invest at that market price even though there might be less profit and it really risky because the market price could go dump at any moment.

But for sure people thinks that bitcoin could still make it more than 16k$ that is why people keep on investing and also especially when the market is on hype people would always be interested to invest.

No doubt that bitcoin is the best cryptocurrency that has the potential to reach 100x and completely surpass other cryptocurrencies in the market.

I believe if Bitcoin is able to generate more than $16000 even now Bitcoin has reached a high price of $18300 and this will continue. Bitcoin is the best cryptocurrency that can reach 100x, but to reach 100x Bitcoin will still experience a price correction and that will definitely happen, because bitcoin prices fluctuate like other cryptos. Many people have started investing in bitcoin with the aim of making a profit, but remember that the risk of investing in a high price when FOMO occurs will be very risky. Bitcoin assets will not be lost and will remain in number, but the value of bitcoins will decrease.

A good investment in crypto is an investment that is based on research and strategies that have been prepared. Cryptocurrencies that are in the top 10 of CMC are recommended cryptocurrencies.

When the prices are low, people hesitate to buy and think that the price may further dump and they will be able to buy more cheap. The prices does not dump after a certain level and when they see the prices going high, they have the feeling of "fear of missing out" (FOMO), so that try to buy it at the current market price and don't think that the price is too high now and can dump.

Also everywhere on the social media, there is so much buzz about bitcoin going to all time high and making new heights, so people tend to jump in the train when they should not. There are acting as more greedy , rather then sensible.

It's because many people like yourself can't afford a bitcoin, judging from how you talk in this post it shows that Bitcoin price scares you off, remember that we have some who have 200 pieces of Bitcoin and some have more, they won't hesitate to buy more if they could, whales see no problem investing on bitcoin right now

True the OP is only afraid when the price has exceeded $ 16k; D that people welcome this even further with the current state of the price that has redeemed $ 17.5k oh this will not happen to me when I am confident whatever the price is when the market is as good as it is today then I will invest and buy it, $ 20k can be achieved by the end of this year according to my predictions.

Don't be afraid when the price is high and don't expect 100x in a year I can't guess any expert unless you believe in bitcoin.

Since you are a beginner you need a decent answer, so ignore all the shills that will spam coins.

Altcoins are not good for long term investment.

Also you need to change your mindset to succeed or else you risk losing a lot of money. If you plan to make it x100 then most probably will lose your $1000 you plan to invest and the devs of the coin you bought will be laughing after finding another moron.

I read your question twice, in reality they are one of those things that one forgets that one might ever wonder ... but your question leaves open your ignorance on the subject, not simple reasoning ... all of us it happens sometimes, we think we are right in our thinking

Let's start with you OP; having a 100% profitability in anything is "beastly - amazing," in fact it happens rarely in business terms, which if it happens but let's say that it is not the average that you buy something and you can sell it to obtain a 100% return.

Now if we take that to the world of investments specifically to the crypto world that is even more "incredible" and in that sense you begin to decline in your approach and lose strength in your own argument, because it is bad (which is not at all) to get 100x in bitcoin but not for the Alts ???

As I told you, the asset does not matter if you obtain a ROI of at least 5%, the business or the investment is successful, I do not want to tell you that it means earning 10%, so when you reach 100% percentages it is unimaginable from the point of view from the investment.

Another point that you leave out and that you only see it from the percentage or the return multiplier, are the profit margins that depend on the asset in its value, an alts may increase 100% of its value but bitcoin can compensate with only 10% of the increase in value.

Bitcoin is a complex asset that should not be viewed from a perspective as simple as the one you mentioned in the OP.

G.B.

It is major cryptocurrency and holds too much volume that even if a millionaire wants to settle their deal on it the next day after purchasing a million $ worth btc, they will get many OTC deals available.


For btc, reaching $1 once was also an imaginary price. Now you see where it is? You have higher chances of coming out in profits if you invest in btc and so is not the same in terms of altcoins. If you are greedy, you will become greedier and then it will dump, you will lose suddenly but btc will not do that again, and even if it will do, you can check history that btc has always returned back to its ATH and created newer highs.


Nothing comes for free. Pay the price, get the name of the coin.  ;D

I think that bitcoin is a universally recognized currency and now it is being introduced by companies such as Paypal, etc., so people trust

Depending on what altcoin ofcourse. Not all are heavily dependent on BTC, some do also stand out because of it being adopted by various companies, the same way that Bitcoin is being pumped and hyped. Take ETH and XRP as an example, so Investing in those would be riskier than investing in BTC? Hence, either way, both can be potential in profit making, but what's better is to constantly trade it.

If the OP really wanted to gain x100 in a year, better invest on projects, and search for hidden gems. There are a lot of listing that will happen in December and there are also listed that will moon soon. It's just a matter of how huge your risk appetite is. DYOR.

People just look at shiny graphs of mooning, without really understanding them. Kind of the case with BTC also, how many sold at ATH ?

Insanerman : "There is no currently implemented hard cap on the total supply of ETH." That's a huge difference with BTC right there.