Bitcoin Forum
September 14, 2024, 12:24:24 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Speculation / Re: I do not have the guts to buy bitcoins now. on: October 31, 2017, 01:59:05 PM
Just pretend .1 BTC is a Bitcoin.  You will still make the same percentage profit (approx 800% year over year right now) that everyone else makes no matter if you have .1 BTC or 100 BTC.   Just to be clear, I’m not saying you WILL
make an 800% return over the next year, but if you believe in BTC, and you’re investing for the long term, the time to buy is right now!
The percentages will indeed be the same, but obviously, what's not the same is the hight of the profits you might book. In some cases you just have to accept that certain lower initial investment amounts aren't worthwhile.

What's the point of buying like $50 worth of Bitcoin and to hold that as long term investment? If you gain like 100%, which is a very decent return in percentages, you'll see that it only resulted in a $50 profit.

In other words, either invest a decent amount (and thus take a higher overall risk), or don't invest at all. It's nothing more than a waste of time if you look to invest with insignificant amounts. It may sound harsh, but it is what it is.


Agreed, but .1 is now equal to over $600, I wasn’t advising to buy $50 worth, and  if you can’t afford to buy an entire bitcoin investing what you can afford isn’t a bad idea.
2  Economy / Speculation / Re: I do not have the guts to buy bitcoins now. on: October 30, 2017, 06:28:28 PM
Just pretend .1 BTC is a Bitcoin.  You will still make the same percentage profit (approx 800% year over year right now) that everyone else makes no matter if you have .1 BTC or 100 BTC.   Just to be clear, I’m not saying you WILL
make an 800% return over the next year, but if you believe in BTC, and you’re investing for the long term, the time to buy is right now!
3  Economy / Speculation / Re: Is this Forum full of 'normal people' who over the years became filthy rich? on: October 30, 2017, 04:55:41 PM
My first purchase was August 1, 2015, buying sporadically during dips.. on 8/25/15 I bought 1.33999999 for $302.05, I made several of these buys, 1.33999999 for less than $400...   I don’t remember why I bought at the time, but I know since about that time they’ve basically been on a 26 month rally, excluding a few crashes mixed in there.   I had 80% of my bitcoin by December 3, 2016, and have held on for the ride this year.  I also own a business, and have never invested more than I could afford to lose, the “Golden Rule” of investing in Crypto. 

I know there will never be more than 21M Bitcoin, and somewhere I read that having 21BTC will basically set you up for life someday, and at the time 21BTC was much less than $20k, so I took a shot w this and obviously I’m glad I did. I have a significant 2nd income from my business, so I don’t plan on selling anytime in the  foreseeable future.   I’m going to see this thing out where it goes, and if I lose everything, I never seen invested more than I could afford to lose, so I’m my mind I’ve already chalked it up as a loss, or money that’s not useable for m for at least another decade.   
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!