If we get more than 300% profit in a year, is this not the best investment? I'm confused with people who are still hesitant to invest bitcoin, when he got a profit. I think you must learn more about investment.
Sorry to tell you this, but apparently you need to learn more about investing...
Yes
BTC is going up, yes for the last year it has grown from $900 to $5900 but that does not mean it will continue to grow.
It does not mean it will fall either.
It just mean it is getting riskier and riskier to get in.
This does not mean you will not have good returns in the future, but let's look into history.
Back when
BTC first hit $270 -> was it good time to buy? even thought the price now is way up?
The answer is NO!
As it crashed and went down to $40 => this was good entry point.
then in sept. it went to $100 - was now bad time to buy? (up 250%)
The answer is NO!
As even the price was up 2.5 times it was the time to buy no matter what price it has as it was going to grow up like crazy.
and it did. for Xmas it was $1000+
Then was it good time to get in?
NO even thought it is $5000+ now,
as it has fallen to $700 => was that good time to buy => NO, as it slowly continued to fall...
When it hit $200 or so it was good to buy, not only because after that it went only up and never down (below that $200 mark) but because there was some signals that show it will grow and it did.
then it slowed down for few months and jan this year was $900 => this was perfect time to buy. (yes it was 450% up) but it was showing signals again that it will grow like hell (back then my expectations where 5k till the end of the year)..
When I saw it grow in May I knew it will hit 5k not in the end of the year, but in the end of the summer and probably will reach 10k till the end of the year. back then still was good to buy, as there where signals for that, not just because it is going up.
So now with all the forks maybe it will hit the 10k near end of the year.
We will see that. But now it is not that safe as it was before September...
Yes you will make a profit in the future, but if you do your research and figures out the signals you will know exactly when to get in, so that you will make best profit.
Just to compare it:
1. you buy @ $270 now you got 25 times your investment;
but was 7+12 months on the negative!2. you buy @ $40 now you got 150 times your investment;
but was 0 months on the negative!3. you buy @ $100 now you got 56 times your investment;
but was 0 months on the negative!4. you buy @ $1000 now you got 5.6 times your investment (same if you have got in this Jan);
but was 37 months on the negative!5. you buy @ $200 now you got 28 times your investment;
but was 0 months on the negative!6. Same as 4.
but was 0 months on the negative!7. you buy @ $2000 now you got 2.8 times your investment.
but was 0 months on the negative!Now let's see how much profit per year you get in each situation:
1. April 2013 => 54 months = 46.30%
-85.18%2. June 2013 => 52 months = 288.46%
3. Sept 2013 => 49 months = 114.28%
4. Dec 2013 => 46 months = 12.17%
-80.00%5. March 2015 => 31 months = 90.32%
6. Jan 2017 => 9 mothns = 62.22%
7. May 2017 => 5 months = 56.00%
So you see let's say #2 was impossible to catch as it was for really short time and was impossible to buy big and react to buy good amount
But #3 and #5 where there and where ok to invest as much as you like (I did). so You can see that even that #4 and #6 have the same entry point the return is different, so it is better to do your homework and find a good place to get in, as else you will end up holding something and hoping it will rise (
this is gambling not investing)
Good luck all
