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Author Topic: is bitcoin a good chance for the future  (Read 754 times)
Stable090
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June 19, 2023, 08:24:01 PM
 #61


I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future?

If you don’t know much about bitcoin, then you have to go and have proper understanding about what bitcoin is all about, you shouldn’t invest in what you don’t really know about, if you invest without knowing much about bitcoin, then you might end up losing money also, bitcoin is not a get rich quick scheme you should know that, bitcoin investment requires great patience, you have to be prepared to hold whenever you are planning to invest in bitcoin, if you are investing in bitcoin for short term, don’t be surprise you might end up losing money also.

and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?
Their are different ways which makes people lose their money after investing in bitcoin, some people think bitcoin is a Ponzi scheme, they are losing for easy money which at the end they will be scammed, some people don’t have patience, they do invest in bitcoin for short term, and but if you really want to invest, then you should be ready to hold for long term, some people ended up storing their bitcoin on exchange, after the exchange have been compromised, their bitcoin is gone, some people didn’t properly back up their private key, which at the end they could access their wallet anymore. Their are still many more ways which people can lose their bitcoin, I just mentioned just few now.

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June 20, 2023, 11:59:46 PM
 #62

I don't know much about bitcoin, and I also want to invest in bitcoin,
Investing without a knowledge in crypto is just a fool decision for everyone, because without a proper knowledge there are huge chances to lose your money rather than getting profit. So I will suggest to go serach out about cryptocurrency and when you well know about Bitcoin then think about investment in bitcoin.

I want to ask whether bitcoin has good potential for the future? I want to know why people experience losses investing in bitcoin?
Absolutely Bitcoin has because from starting to till now Bitcoin almost make his price more than 1000x and no doubt it will increased more In future so keep buying and keep holding if you believe on Bitcoin.
And The reason of loses in Bitcoin is lack of knowledge and don't use proper streategy.

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.









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June 21, 2023, 01:29:53 AM
 #63

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.

I agree with you, if someone wants to hoard bitcoins I think it's not a matter of bitcoin prices going down rather than going up. Because most people who own bitcoins know that the price of bitcoins will always go up, and they have no problem with that. The problem is that there are many people who are in too much of a hurry to make a profit and end up facing losses. But my advice is to buy bitcoins and wait until the price goes up to make a good profit.
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June 21, 2023, 01:49:43 AM
 #64

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

You know in fact in this era or generation currently, most people today around the world know that bitcoin is a major investment opportunity when it comes to long-term matters. If there are people or investors who have lost in Bitcoin investment, maybe they are the investors who had doubt and anxiety during the times when its value was sinking in the market.

But if you are really the long-investors, that means you are the kind of person who is ready to hold bitcoin for a really long time, let's say 5-10 years, because the others who lost or lost in less than 1 year or 2 years immediately panicked, which means they are not really long-term investors and are not deep into Bitcoin yet.



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Rainbot
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June 21, 2023, 03:30:20 AM
Merited by Jet Cash (5), Husna QA (1)
 #65

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Most people who experience losses in bitcoin investments are because they don't have enough insight before starting to invest. And another thing is due to a weak mentality that is easily affected when seeing price volatility in the market. which sometimes makes panic or sometimes makes greedy.

so the points that make someone lose in bitcoin trading are
✓ Not understanding bitcoin itself
✓ Not understanding crypto market movements which always have high volatility
✓ mentally weak
✓ easy to panic
✓ and too greedy.

R


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YUriy1991
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June 21, 2023, 06:53:36 AM
 #66

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.?

I will try to answer one by one.

Bitcoin has shown promising growth and has gained recognition as a decentralized digital currency. However, it is important to acknowledge the risks involved. Many people experience losses in Bitcoin investments due to several factors if they don't understand and no patient. This because cryptocurrency market is very volatile, and the value of Bitcoin can fluctuate significantly in a short period of time. This volatility exposes investors to the risk of sudden price drops, resulting in financial losses

and I want to know why people experience losses investing in bitcoin?

Investing in Bitcoin requires a thorough understanding of the technology and market dynamics. Lack of knowledge or making impulsive decisions without proper forecasts can lead to losses. Remember, when you enter the market psychological factors working in your mind such as fear and greed can influence investment decisions. FOMO (Fear of Missing Out) can encourage individuals to make hasty investments at the peak of price spikes, potentially resulting in losses when the market corrects.

What I want to say is that everything has a cause and effect and all investments and everything needs to be prepared starting from knowledge, funds, mentality, the latest news and patience if you want to become a financial winner in this money market.

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June 21, 2023, 10:18:10 AM
 #67

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.

I agree with you, if someone wants to hoard bitcoins I think it's not a matter of bitcoin prices going down rather than going up. Because most people who own bitcoins know that the price of bitcoins will always go up, and they have no problem with that. The problem is that there are many people who are in too much of a hurry to make a profit and end up facing losses. But my advice is to buy bitcoins and wait until the price goes up to make a good profit.
The price of Bitcoin is one of the things that do motivate investors whether to keep buying or wait for the market to reach a certain level before they sell. If the price keep going down, a lot of investors would be panic thinking of whether buy or sell since the market has to tendencies of going up in the main time. The way we analyse the market is very different so some investors might see it as an opportunity to keep buying more holdings while some may want to look for  opportunity to sell so that they will not make too much loses from market.

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June 21, 2023, 11:55:39 AM
 #68

Cryptocurrency is the future of the world financial system. And Bitcoin is the one leading evolution which makes finance to be decentralized, giving equal financial power to all.
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June 23, 2023, 11:13:54 AM
 #69

I have the same doubts. I always think that maybe it will fall further and then I will buy it, and then it goes up and I miss an opportunity again.
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