Bitcoin Forum

Ever since I joined the forum community I have wasted no time learning about Bitcoin. I'm trying my best to learn something from every post and I've gained a bit more knowledge about Bitcoin than before.
Although Bitcoin is a vast area that is not easy to learn about, the more we learn, the more knowledge we gain.
     The most surprising thing I learned was that I was both really surprised and happy to know the past, present and future market value of Bitcoin.
When Satoshi Nakamoto launched this virtual currency (Bitcoin) in 2009, the market value of Bitcoin was zero. But in July 2010 itself
1BTC = $0.09
then
    1BTC=$68.790 in November 2021
Which is slowly rising and is currently there
    1 BTC = $27,194.58
(I am new, if there is any mistake in writing please correct it)
    The price has doubled. This means investing with Bitcoin will never count as a loss project. Bitcoin is our future profitable investment.And patiently we should spend more time behind Bitcoin.

I guess you mean $68,790 and not $68.790 as one look like hundred and the other as thousand.

It’s actually good that you have make out time to learn about bitcoin which I believe will be very beneficial to you, and I also don’t see bitcoin learning process as something that’s difficult, if we are talking about what you have studied about bitcoin it seems like it’s just about price history and nothing more.

If that’s true I will advice you learn more things about bitcoin’s especially about wallet, security, privacy, and other things which could really help you enjoy your bitcoin journey, and also you can learn the best accumulating strategy which is the DCA, as it will help you buy and grabs as much bitcoin as you can afford without even realizing you have purchased such number.

I do not think that BTC price will go up. So investing in BTC, can be popular, but not profitable project.
Look here https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp (https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp). Bitcoin price is stable now.

Don't get me wrong. But  don't expect bitcoin value do make 1000% every few years or so again. It may happen, but you are late for the party dude.

Bitcoin gains were amazing in the past 10 years. The upward potential is not the same as before.

Just be careful and don't keep expectations so high.

We can say that as many as we can. But usually when it's about the losses, you'll see people selling at loss because they can no longer wait for the time that it should recover.

We know that if you're long term to Bitcoin, you'll never lose because that's how it is designed. The difference of our acceptance in our losses varies and even you say that but, when you are not that patient anymore and you call it a day and just wanna take the losses.

Then, that's the loss from investing on it.

Bitcoin market value can not be zero as it was not even zero from the start, at least it will start with a price. According to what I read, the market value of bitcoin started with $0.03 when it was created in 2009.

That is just it and you are not doing anything wrong if you are holding bitcoin, all-time-high will be seen again.

If you look at the Bitcoin market in the short term of a day or a week, the Bitcoin market may look idle but if you look at it in a zoom-out mode, you can see that Bitcoin is moving in a highly volatile phase since it goes up and down and sideways before getting into a bull market and eventually break its ATH record every cycle in four year time.


Bitcoin was worthless when it was created, it is after Bitcoin entered the market that it got its price.  It has no demand during its first days so how could it have a price back then when it was just created?  Kindly enlighten me if I am wrong about this.
 

I checked your registered date you're just about 4 days in the forum and I think you shouldn't be too excited about the little you have uncovered there's still much grounds for you to covered although it s all in a gradual process and if your main purpose to the forum was to learn then your knowledge about bitcoin will definitely expend as you voyage through the informative contents in all boards concerning bitcoin.

Avoid repetitive posting and what I mean by repetitive posting is making query posts that have already been made, to avoid doing so always make use of the search button at the right top corner to be certain if the topic hasn't been raised.

You will be needing this informations too as a guide moving forward:
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ (https://bitcointalk.org/index.php?topic=703657.0)
FAQ: Everything you need to know about forum 'activity, account ranks and merit (https://bitcointalk.org/index.php?topic=2766177.msg28250551#msg28250551)
Forum account: security, privacy, and recovery (https://bitcointalk.org/index.php?topic=5261696.0)

Bitcoin did not start with a market price of zero. According to the Wikipedia, from Jan 2009 to March 2010, there were no exchanges where it was being traded, so the price was basically set by users who transacts with it. It was reported that someone bought 5050 BTC for $5.02, so that should be 0.00099 per dollar.

You can still invest in Bitcoin and suffer loss, I've seen that happened before with some persons. Thus, it's very pertinent that you've a good knowledge of the market, know when to buy and when to sell. I also want to reiterate that Bitcoin is not a get rich quick money scheme, you need to be patient with your Bitcoin investment, hodling is golden.

No it doesn't. Past performance is not a guarantee of future performance. You need to answer what was driving the price growth in the past and would the same force be present in the future? Spoiler: no, because Bitcoin experienced this explosive growth due to being new and unknown to most people in the world. This phase is over, many people who wanted to invest have already invested, and those that didn't won't change their mind easily.

Also, I would like to say that "Past performances doesn't mean it will be the same in the future."

Yes we've seen the price of Bitcoin went up to nearly $70,000 from a dollar in a short span of time (12 years), but that doesn't mean that it will happen in the future. Though I believe that it will happen, there's still something in my mind saying that "With the unpredictability of crypto, there might be a chance that the price of Bitcoin might not reach 6 digits." What I'm trying to say is that, don't focus on one side, but at least think of the other side as well.

Keep your expectations at it's lowest so you will not feel disappointed in yourself. You're a newbie base on what you posted, and looking at the prices alone will give you a positive feeling. I know that because that's what I felt as well when I was a newbie, but over time, I learned how to lower my expectations because it's not a smooth sailing ride. Bitcoin might be a profitable investment for those who are holding it for long term, but for short-to mid term holders, there's a chance that it doesn't. It all depends on when you will sell it.

Be patient. 2 words that's very easy to say, but it's hard to do because of the fact that emotions are getting us all the time. Being patient means being emotionless as well. :) Good luck to you OP, and don't stop learning. That's what makes those famous businessmen rich right now.

It's much easier for $0.001 to double than $20,000. In the past, Bitcoin easily doubled, tripled, and more in just a matter of hours, days, and weeks. Will that happen again? Possibly, but most probably not.

Bitcoin could have easily been "the most profitable project of life" in the past, but might not be so today and in the future. So, it's probably wise not to use the past as reference when speaking of Bitcoin as a profitable investment.

Things are a world different now. Basic mathematical common sense dictates that Bitcoin's $27,051.58 price as of this moment cannot just turn into $60,000 24 hours from now.

Don't get hype by numbers but rather you need to watch the challenges before the price reach that since if you only consider the positive aspects. You might  struggle to deal with it on challenging times so better deal with different situation since experience can make you a better trader, always consider the risk on every occasion to know on when you could possibly gain. Learning every day about crypto is really good especially for those people who's new on cryptocurrency ecosystem.

I know their are things in the past that contributed to the growth of bitcoin price, maybe those things are not having much effect to the price of bitcoin presently but one thing I truly know about Bitcoin is that the price is always unpredictable. The price of bitcoin is not showing much volatility in the increase of price and this doesn't mean that bitcoin price will remain in this nature , never can tell where bitcoin is going to. Before now their was a time bitcoin price was kind of stunted, no good growth, no one ever thought the price will get to this point. The price of bitcoin today will be definitely better than that in the future with better value.

This forum has helped so many people out with any of their bitcoin-related issues, and most questions related to bitcoin wallets, exchanges, and others are settled when asked here; therefore, there is no doubt you will learn so many things about bitcoin and cryptocurrency in general here in this forum.

Moreover, you can also be doing further research on what you want to know somewhere else and comparing the results with the responses you get from the forum members, but I am assuring you that, compared to any other online investment, foreign investment, or cryptocurrency investment, bitcoin investment is the perfect and less risky investment if you can invest the amount you can afford to lose and give it time to grow.

First of all, let me congratulate you on joining this great community forum. You are at the right place, and definitely you will learn a lot in this forum as you have decided to learn about bitcoin and cryptocurrency in general. However, don’t hesitate to ask questions about anything you don’t know; it will help you grow faster here.

But you shouldn’t only rely on the positive aspects of bitcoin; you also need to study the other side of bitcoin so that you can deal with any situation that you come across in your journey. If you do that, I can assure you that you will definitely enjoy your bitcoin journey since you will be able to cope with any situation in the market. Since the increase in the bitcoin price may encourage you to invest more, you should not be convinced by these figures to invest the amount you can afford to lose.

Don't be so excited about the past, present, or future price of Bitcoin. I can see you are most interested in the investment aspect part of Bitcoin, but I want to let you know Bitcoin is not a bed of roses or a get-rich-quick scheme. Bitcoin requires holding for a long time before you will see a good profit. You have to understand Bitcoin very well so when you start investing in Bitcoin you will not be dismayed when you see the volatility part of Bitcoin and sell your Bitcoin at a loss because that was not what you expected.

Use this link to get access to Bitcoin-related books
https://bitcointalk.org/index.php?topic=5350541.0

I agree with you, people will never lose their money by investing in Bitcoin it just requires patience in holding it for a long time, and surely the profit will come

If you think you will earn as big as July 2010 to November 2021 by holding Bitcoin for a decade, you're wrong. Bitcoin price could be doubled or tripled, but if you only invest small amount of money like $200, you're only earn $200-$400 after 2-3 years, I don't think it's big if you're really looking to increase your wealth.

Investing in Bitcoin is good when you have money and don't know what you need to use that money.

I do not know if Bitcoin will be a profitable project for your life, but it will not do anything to disappoint you.I have written earlier that to get something here you have to be patient not for few days but for long time and try to figure out what the loss will be and wait a patiently.Bitcoin price will not skyrocket, but I am sure it will rule the market, and it will be used everywhere.
*It will at least keep you going before the price doubles or not
*You are 100% sure that you will not suffer loss or profit amount may be less
*You stick with bitcoin and work hard and learn more and wait and also know the amount of loss though hopefully not amount of loss.
You have to accept the bottom line, be it loss or gain, then you will not fail It may help you to make it profitable project for your life, and it may not but as far as I know all those who have stuck with it has seen the amount of gain but also the amount of loss But that depends on the situation.

So, you say this:


But then you focus only on the price or fiat countervalue of Bitcoin. Wrong. Inform yourself why it was created, what problem it solved and what its nature and intrinsic characteristics are. That it goes up in price is all well and good and we all hope it continues to do so but if it goes up it is for some reason that has to do with what Bitcoin is, a scarce commodity, limited and finite in supply, decentralized, autonomous, and extremely difficult to seize and censor.


The link you post does not support what you say.

this is show you focus on what brought you here. Since you stated that you are doing your best to review certain pasted posts, which the forum requires, Because knowledge doesn't come to your place, you have to get up and look for it. Your statement ensures that you have knowledge allotted in this forum.

Additionally, if you still want to learn more than what you have already studied, don't be lazy and continue your research. You should also feel free to ask questions in any aspects you don't understand so that you can comprehend how Bitcoin functions and other things.

You never can tell about the price of Bitcoin not to go up anymore, because though Bitcoin is a decentralized digital currency with high volatility as compared to altcoins, it still has a high tendency to skyrocket higher in a long run, because  that's exactly what people said when the price of Bitcoin was $1000 that it will not go further again, but yet it rose to $10,000, and likewise what people said too until it rose to is current price today at $27,000.
So on that note, if you are looking for a sure asset to invest in for a long term, Bitcoin is the answer for you.

Taking a study of the chronology of the price of bitcoin alone right from 2009 common sense will whisper to you that this is truly an asset to invest for a longer term investment.  In my opinion, on account of you not being a trader trading in bitcoin you can't be profitable in a short while holdin investment and it is those people that ain't patient to hodl their portfolio for the long-run that end up making up the idea the bitcoin isn't a profitable project because they came in with the mentality of a get rich quick project.

Let it be if he thinks Bitcoin prices will not rise again because maybe he has his own analysis. Those of us who have seen Bitcoin's journey so far are still waiting for the price to rise high, which could happen at the end of this year, the beginning of the year, before the halving, or even after the halving.

And Bitcoin is still a profitable long-term asset for us. At least Bitcoin has been our main investment so far. And Bitcoin never disappoints us, even though there is a lot of news saying that Bitcoin is over. But in reality, Bitcoin can always rise and surprise them.

So we just leave the decision to invest in Bitcoin or other things up to each person because they are responsible for their money. And if they don't invest in Bitcoin, that's their choice. And we stick to our choice, namely investing in Bitcoin for the long term.

Welcome to the forum as I can see you're a new member, if you want to learn more then you have to visit board that are directly involved in Bitcoin discussion and not boards that consist of other discussion that aren't that necessary to your learning. I'm speaking about the the Bitcoin Discussion and technical boards. Information shared there will be more enlightening on Bitcoin and when you ask questions people of more advanced knowledge on Bitcoin will reply you. This is the beginners and help baord and although you feel you'll be best suited here but do more of your reading on those board I mentioned and you'll get more knowledge on Bitcoin. The forum is full of knowledgeable threads so you're in good hands here, welcome again.


Investing in Bitcoin only, doesn't mean you'll be in profit but when you hodl that's when the profits will come and holding is the best ways to invest in Bitcoin as it comes with less stress and all you have to do is to hodl and do nothing. Most new users has regretted their decision of selling their Bitcoin when they should have just kept on Hodling. The present price of Bitcoin doesn't represent the price it'll be in the future so you don't have to scared like the majorities are and join them in selling your Bitcoin. Keep Hodling and you won't regret it. There's no guarantee of investing in Bitcoin but if history repeats itself like it has always done then the next bull market is going to boost the price and increase the price of Bitcoin more than its previous ATH.

With Bitcoin being the first cryptocurrency to gain dominance in the market and also the first coin to make some individuals make a fortune in the beginning, most people have not also sold their coin because they are just holding and hoping not to sell for a very huge price in the future. Well, it's good that you are devoted to learning about Bitcoin and in the right place. On the forum, you will gain quite a lot of knowledge about Bitcoin if you really want to. Even when I started on the forum, there were some things I did not know, but now I know better.

Yes, Bitcoin would have already become your best investment if you had purchased it at a time when it was worth a few cents. By buying Bitcoin now at the current price, you are unlikely to ever get the same profit as its early investors.

But at least IMO, it's too late.
It could be doubled price in the future compared to the current price.
As we can see, the market has seen remarkable growth since its inception, and those who got in early truly benefited from the massive increase in its value and it could repeat itself in a couple of years.

However, we don't know what's in the future.
What if Bitcoin will never increase the value or more worse it will decrease, who knows and nobody knows?

The first on your mind when joining the forum oo ight to be to learn about Bitcoin and let every other benefits of the forum fall in place and I'm glad you were able to learn new things along this your journey and I must let you know that the journey is a worthy one and if you put in good effort, you'll definitely get all thr knowledge you crave for from the forum.
I also want to let you know that, the forum is actually the right place for you as a Bitcoin and cryptocurrency beginner and I will always advice that you take things very easy and also do more of reading than writing especially during this first stage as you will grabs more from reading.

It is natural that your proper efforts will make you successful, if you try to do something good, you can definitely do it only with time. Since you have been on the forum for a long time and have tried and learned about Bitcoin in various ways, it is a special pleasure for you. But there is no end to learning about Bitcoin, the more you learn, the more knowledge you gain. Since you've seen Bitcoin's past on the gate, you've got some idea of how transparent Bitcoin's future can be. Bitcoin is a changing currency When the Bitcoin market is in a good position, the market changes a lot. If you analyze the Bitcoin market from 2009 to 2023, you will definitely see a huge change. As much as the value of Bitcoin has changed like nothing else, the future of Bitcoin is so bright that many countries are accepting BTC as currency. So if you invest in Bitcoin it will never be a scam, and you are sure to earn a lot of money from it. And investing in bitcoins definitely requires enough patience, if you don't have patience you will never be successful, and you will have to wait for a long time to get profit.

I agree that the future of Bitcoin is very bright and will provide more benefits for those who survive in the long term.

But about many countries that accept Bitcoin as a currency, it is not an actual fact, only a few such as El Salvador have actually adopted Bitcoin as a legal means of payment and several other countries are still in a gray and unclear zone and even many countries have completely banned Bitcoin.

Remember that different countries will have different rules that apply to Bitcoin.
Regulations that limit Bitcoin will be stricter if the government does not fully allow Bitcoin to work as a currency for payments.
Still lucky enough in my country Indonesia Bitcoin is a commodity asset and should not be more than that.