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Author Topic: You only need 1 good year for Bitcoin to be a good investment  (Read 505 times)
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April 17, 2018, 11:53:27 AM
 #21

I mean each year bitcoin is having different faces and no one can predict what will happen this year too.
Bitcoin is still the same as it was back in the days, just far more powerful and secure.

These are the some questions that does affect one's mentality to trust bitcoin in full confidence.
You have to understand that there are different sorts of trust here.

1) trust in Bitcoin as technology, the good option.

2) trust in Bitcoin as in the market, the bad option.

You are obviously referring to option 2), which is something you can't trust on. The market, especially short term speaking, has time on time again shown that it is unreliable, and thus not worthy of any trust. People who put too much faith/trust in the market will very likely end up in a big disappointment, and this directly applies to the majority of the people here.

I mean just look at you, you invested in January month and in the same year bitcoin went up by more than 500 times upwards. But you know then there was good news from the Japan country but this year there seems to me war between the crypto currencies and the regulations. This year it does seem to be impossible year to at such heights.
How do you know that? Last year was basically the same; Japan or no Japan, no one could ever expect or imagine what would happen. Exactly one year ago the price was hovering around the $1200 level, and before the end of that year the price went up all the way to $19,500. Let the market do what it needs to do, and we will then evaluate the situation exactly one year later.

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April 17, 2018, 12:01:23 PM
 #22

They’re not complaining because they can’t profit within the year,, but because they want to be rich within days or months of investing.. Its called greediness or having impatience attitude,, the consequences of being not knowledgeable of its history and probability..

Don’t forget that this person complaining are newbies or mostly just creating FUDs because they have invest in other coins like bitcointrash.. Let them do this act and we do our best to profit on their ignorance..

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April 17, 2018, 12:17:37 PM
 #23

I guess last year was the only time you could make that much money. Tell me, what's your profit this year?
no mate, to honest bitcoin price always make new ATH every year and OP is right we must wait for it.  Rather than constantly complaining about the price , and  about your question " what's your profit this year?" by the ways Op is talking about long term holding not day trading, so this is not the right time to ask about it , wait until year end..




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April 17, 2018, 12:32:22 PM
 #24

From the previous experience, the probability of buying bitcoins for a year is more than 80%, and of course we can't ignore the two - year bear market from 2013. In January this year, many people expected the price of bitcoin to exceed 50K or even 100K. I was cautious about it, but when the investment was risky, I hope that the price can be stabilized above 10K this year.
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April 17, 2018, 12:40:55 PM
 #25

As you said we need one or more year to make good profits from bitcoin investment because normally the prices are in downtrend at the beginning of year and the prices are skyrocketing at the other end so which means we need atleast one year.But lot of people invested on bitcoin at the wrong time when the prices are already high.
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April 17, 2018, 01:10:12 PM
 #26

Stop complaining and wait for your good year.  Cool 
You said and represented most of us who invested more than a year and the experience are just the same. For those investors who bought earlier months just like year and sold at the right time, patience is also another important factor for those who wants to recover and earn well just like others.
Now I am not financial expert
Those who are new and recently earned are even calling themselves as crypto experts.  Cheesy



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April 17, 2018, 01:10:28 PM
 #27

To achieve success, we need patience and focus on what we are after, 1 year is not the right time, but if we can live it with patience and focus time 1 year it will feel short.
Given recently there has been a lot of positive news about cryptocurrency being the bright spot of the year, which we can take advantage of investment.
my advice, stay focused and patient in living what is and is being pursued.
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April 17, 2018, 01:15:07 PM
 #28

Yes that's just not clear whether there will be such a rapid growth, or the price reached its maximum and the growth will be gradual.

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April 17, 2018, 01:20:39 PM
 #29

In fact, it is possible to invest in bitcoin only with enough patience. We find that every bit of bitcoin can quickly break through the last place, which is a rule for investors, hoping to recover this time as soon as possible.
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April 17, 2018, 01:51:08 PM
Last edit: April 24, 2018, 10:33:20 PM by carter34
 #30

The price of bitcoin will always be discussed as long as bitcoin keeps being the leader of them all. The price movement is very different from other coins.

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April 18, 2018, 05:26:17 AM
 #31

I see a lot of responses from people saying, "yes, but but... you were lucky to invest early" and what not. It is not about luck, but rather about timing and patience. You have to remember that a lot of this negativity was around when I also bought for the first time. I decided to ignore that negativity and to push ahead.

You have two choices now, because you are in the same situation that I was in, back then.

1. Listen to the negativity and sell your coins. <Early exit>
2. Ignore the negativity and buy low and hoard those coins.

It is up to you, make your choice.  Wink

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April 18, 2018, 05:31:48 AM
 #32

This is a great fact, the people who complained is the people that late enter the market, or the one that is too greedy and enter at peak price, if they can control themselves and research the market situation I believe the lost won't be too much, and I agree that we only need one great moment to make tons of profit, from July to December 2017, it is very easy to make profit, I think most of the people average profit is more than 100%


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April 18, 2018, 05:38:01 AM
 #33

Since the incredible cost pumping that happened in Nov and Dec 2017 has dependably been a benchmark that consistently bitcoin will dependably be gainful. I would prefer not to be that way and have a tendency to be more sensible when I see value developments and news rising. Since its beginning, bitcoin consistently is continually expanding however I figure the experience of value development can not be a benchmark later on in light of the fact that despite the fact that regardless we need to utilize examination to do hypothesis on bitcoin cost. Sitting tight for it, however don't hold up until you questionable things, better learn is to peruse and investigate the value graph with a specific end goal to exploit the vacillations that jump out at pick up benefit, in spite of the fact that not as much when the pumping happened toward the finish of a year ago.
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April 18, 2018, 06:32:59 AM
 #34

Complaining won't make any difference. Bitcoin is a long-term investment. Don't panic selling bitcoins because of a short fall, which will only cost you more money.

If you're looking at the price of bitcoin a year later and you think you're doing the right thing, in the past, bitcoin has grown every year.
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April 18, 2018, 07:21:00 AM
 #35

I have seen a lot of posts lately, where people are complaining about the price. I can understand that, but based on my previous experience with Bitcoin, you only need 1 good year to make Bitcoin your most profitable investment of all times.

Let's take 2017 for example. I made more or less 700% profit on the bitcoins I bought in January and sold in December 2017. Now I am not financial expert, but I seldom see any investment opportunity where you get anything more than 30% profit within a year.

So, let's put this into perspective for the people who are constantly complaining about the price. If you were used to low interest rates or even if you were lucky enough to invest in something where you received 30% profit, ONE good year like 2017 will cover the interest and profit you would need for the next 20 years. <700% divided by the max 30%>

On top of this, you still get interest on the fiat money that you deposited into the Bank, after you sold those bitcoins.

Stop complaining and wait for your good year.  Cool

  

Much better if we not take the 2017 as example but just a reference.  The trend that year is so much on a massive hpye compare to years prior where there is no much movement of bitcoin price just like in 2015. BUT what matters here, even there is no much price movement, people can have a clear 1 good year in Bitcoin to return profits e.g HOLDING or playing with the market.

Now for newbies to clearly understand, let's erase the trend happened on 2017 for the moment and put ourselves on a silent market for let's say will lasts for year or more. If they decided to enter crypto especially on bitcoin, don't ever expect a profit overnight even that has chances. It will just lead for so much expectations that will lead into a crash because it will ruined their respective strategy as it may might now be follow. They must learned the principle of "long term holding" and don't take cryptos like a regular money that must support their daily needs.


You have two choices now, because you are in the same situation that I was in, back then.

1. Listen to the negativity and sell your coins. <Early exit>
2. Ignore the negativity and buy low and hoard those coins.

It is up to you, make your choice.  Wink

A basic thing indeed that really will depend on how people will managed it. Smiley

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April 18, 2018, 09:38:54 AM
 #36

Not all kind of people has a patience like you. You should definitely be rewarded with your profit due to your diligence in the investments. But for some people holding is like a hell due to their lack of experience and knowledge.
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April 18, 2018, 10:24:43 AM
 #37

I have seen a lot of posts lately, where people are complaining about the price. I can understand that, but based on my previous experience with Bitcoin, you only need 1 good year to make Bitcoin your most profitable investment of all times.

Let's take 2017 for example. I made more or less 700% profit on the bitcoins I bought in January and sold in December 2017. Now I am not financial expert, but I seldom see any investment opportunity where you get anything more than 30% profit within a year.

So, let's put this into perspective for the people who are constantly complaining about the price. If you were used to low interest rates or even if you were lucky enough to invest in something where you received 30% profit, ONE good year like 2017 will cover the interest and profit you would need for the next 20 years. <700% divided by the max 30%>

On top of this, you still get interest on the fiat money that you deposited into the Bank, after you sold those bitcoins.

Stop complaining and wait for your good year.  Cool

  

yes, off course. I have do it. I get earn from investing bitcoin last year. And now I wait until the price will rise.
NeuroticFish
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April 18, 2018, 10:31:25 AM
 #38

Stop complaining and wait for your good year.  Cool

Actually people should not complain even if this year will not be as great as 2017 (although it has its chances).
Just people have seen what is possible an everybody is hoping for them now.
Bitcoin is deflationary, Bitcoin does have to grow, but expecting continuous exponential growth is unrealistic.
So people should stop complaining, especially since a growth, any growth, seems to be starting again.

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April 18, 2018, 10:48:38 AM
 #39

I have seen a lot of posts lately, where people are complaining about the price. I can understand that, but based on my previous experience with Bitcoin, you only need 1 good year to make Bitcoin your most profitable investment of all times.

Let's take 2017 for example. I made more or less 700% profit on the bitcoins I bought in January and sold in December 2017. Now I am not financial expert, but I seldom see any investment opportunity where you get anything more than 30% profit within a year.

So, let's put this into perspective for the people who are constantly complaining about the price. If you were used to low interest rates or even if you were lucky enough to invest in something where you received 30% profit, ONE good year like 2017 will cover the interest and profit you would need for the next 20 years. <700% divided by the max 30%>

On top of this, you still get interest on the fiat money that you deposited into the Bank, after you sold those bitcoins.

Stop complaining and wait for your good year.  Cool

  
are you guaranteed 1 year bitcoin investment this year will be as profitable as you ..? which makes 700% very tempting, if only I had a lot of capital, I would invest some of my money in bitcoin
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April 18, 2018, 11:11:29 AM
 #40

You have shared tips and stories about your successful experience with bitcoin investments. I am a beginner and I am learning to understand bitcoin. thank you for your inspirational advice, I will follow your steps.
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