Question about crypto profit

[JohnnySit]

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

[1714902722]

1714902722

[btcltcdigger]

Easy.
Bitcoin is (almost) a sure things.
While altcoins, even tho have a huge x potential, are mostly scams, moneygrabs, and ARE heavily dependent on BTC price.

What i would suggest, is go halfsies. That's what i do.

As to answer to your question, DOT.

[NavI_027]

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

Is catching up because they are already missing the skyrocket? enough reason to consider? Because that is what's happening in most cases. Late investors tend to chase the hype train and hope that they will also make good profits from it even a little bit. So if you don't want to face this risk then be an early bird .

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

That "MAYBE" scares the hell out of us for real. I mean, why won't you gamble into an alt which might become a sh*tcoin in the future if there is a reliable one in the first place. Think twice dude.

[mk4]

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

It's pretty simple. A lot of bitcoiners including me thinks that bitcoin is worth far more than $16k.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

"Imaginary price" lol. Guess what? $1,000 was also an "imaginary price" years ago. And guess what happened? $1,000 is the "cheap" price now. As for gambling with altcoins? Might as well just go to a casino.

[JeromeTash]

Bitcoin is the Oldest, most decentralized and most secure of them all. The rest are just copycats and most are scam. They tend to follow Bitcoin's performance.
Why would you want for Bitcoin to first reach $16K or $20K before starting to think about buying it?

Bitcoin dropped to around $4K in March, It was a perfect time to buy and someone who bought it at that time has already made 4x in 7 months. If the price continues to $32K, That will be 8x or (800%)

[smyslov]

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

There's no guaranty on altcoins, I have a friend risking everything on altcoin only to lose everything because so many altcoins now are just pump and dump, those top coins in the market although they move very slow in the market, are sure to make a profit, never make pump and dump or coins on hype as your primary coins in your portfolio, you can make it secondary but never primary.

[Akiko]

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

It is depend on the investors many traders do the same strategy which is half of investment will go to Bitcoin and the other half is for the chosen altcoin they think can give them profit.

That 100x profit from altcoin that you are looking is include the same risk so I will not suggest to invest in any hype project if you want to secured your capital money.

If someone know what coin it is they will not share it to others they will invest by their own and will not share any info about it.

[ethereumhunter]

It is the benefit of bitcoin as an investment because people can buy bitcoin in any amount, as long as they know the risk of investing in bitcoin. People are continually buying bitcoin with only $50 every month, and he did that for a year and held the bitcoin. He doesn't care about the bitcoin price because he only buys bitcoin with bitcoin's current price every month. The next year, when the bitcoin price can reach $30k, and let say he only has 0.1 btc, he will make a big profit from his investment.

[Rikafip]

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

If you think that 100% is not a good profit then you don't know much about investing and economy in general. If you are going for 100X profit by investing in some shitcoin you are basically gambling with your money, as that's what it is. And if you like to gamble, then better head to casino ,at least you will know immediately whether you win or loose, instead waiting for month or in some cases even years for some shitcoin to "moon". But if you want something more solid, bitcoin is way to go.

Regarding your question why people still buy when price is 16K+, answer  is simple: because it will go up more and it is still not too late to join, no matter what someone told you.

[Coin_trader]

Think of it, Bitcoin is the only that pumping it's price now. Its either you want a profit or loss on this current trend. There is no chance to find a x100 coin to a market with a huge BTC dominance percentage. The reason why people still investing on hthis high price is because they are riding the waves and this is easiest and common way to profit on trading rather than buy at lowest price because you can't determine if the price is reallyy the lowest.

[Emily Perkins]

Supply of bitcoin is just 21M which makes it scarce and unique, bitcoin is immune to inflation and great store of value. In my opinion people will be buying it no matter if the price is $16k, $32k, $64 etc.
Everything is subjective, you may think it's doesn't make sense to invest in bitcoin with $16k price but what if let's say in a year the price is $160k. People who believe in bitcoin don't care about how much it costs in fiat, 1BTC is still 1BTC

[michellee]

People invest in bitcoin because of curiosity from what they read on social media, watching Youtube videos. They curios if the bitcoin price can really increase so high or it just stays at the current price. But the main reason for them to invest in bitcoin is that bitcoin can give them a profit. Many of them learn that bitcoin can be the next revolution in investment, even if the bitcoin price increases.

Many people also invest in altcoin, which has a low price than bitcoin. But they need to have the right altcoin to buy because there are many altcoins which can increase in the future. But every people will have their own reason why they would invest in bitcoin.

[erikoy]

FOMO - I think this is one of the reason that people still invest in bitcoin even at higher price. You know that each time bitcoin can go higher because there are many people wanting to own bitcoin. More and more people will going to own bitcoin and the result bitcoin will become expensive over a period of time. Buying now is never a problem unless you just want it to hold for a long time and probably you can see or witness a good market price of bitcoin in the future.

[plvbob0070]

Do you really think that it is that easy? Don’t you realize the higher risk associated with altcoins these days? People choose to invest where they can reduce the risk of losing. They find a coin that has the potential to survive in an unpredictable market. Thus, they choose to invest in bitcoin and they can freely do it, as they are responsible for their own money. Considering the numerous scams and altcoins that lose their value, in-depth research is required to determine which coin is worth it and profitable.

[CryptoYar]

What coin do you think will 100x within a year? <3

My friends, this is crypto, before investing in it, we do not know if we will make profit or loss. So no one can tell you from which coin you can make 100x profit in a year. But we can expect a good profit from Bitcoin but still no guarantee of 100x profit. Crypto is unpredictable, it is very difficult to guess any coin's future price. hence do not invest in any project whose team promises you a big profit.

[Febo]

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.
even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

There is no grantee Bitcoin will make x2 and there is no grantee any alt coin will make x10. You should research and see if that coin will be used more 10 years from now. And then buy it. Also dont forget to figure out how to store it safely. It does not matter if a coin went up 10 times if someone steal it from you and you end up with zero.  Also always spend only as much as you can afford to lose. What can go up x10 can also go down x10. And usually go down before goes up and opposite. So for your health sake invest as much as you can afford to lose to seep normally when prices go down.

[Krislaw]

It's because it's more reliable and first of all cryptocurrencies.
Nothing bad in getting in at this point if your analysis is good. Most altcoins this days are can't be relied on due to many and scam.
Bitcoin dipped to around 3k and people doubted about buying, now it's at 16k, it's never late to buy.

[aesma]

How many altcoins are created everyday ? How many only last a few months ? There isn't enough time in the world to follow all of this and get a good idea of what might have promise and what will fizzle out. And to be honest at this point even the best concept has all the chances of going nowhere because of the saturation.

If you can get into them freely of for cheap (airdrops etc.) why not, but I wouldn't wait for the price to jump 100x before jumping out.

For myself I find it just takes too much time.

[goinmerry]

Hi there!

I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.

even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...

I mean what's your thoughts about it?
What coin do you think will 100x within a year? <3

If earning 10x to 100x in altcoins is that easy, then we should never see a person struggling to make profits on altcoins. You should also be able to answer your question about what coin can increase 100x within a year.

It's ok. Just sit back and relax and let the buying at the price of $16,000 be managed by those who can afford it. Not your money after all.

After all, if no one buys at that level, BTC will never reach another ATH and I'm sure you don't want that.

[Rengga Jati]

There are two possibilities for the reasons why they are buying BTC right now moreover the supply is high.
First, it is about buying BTC for investment although it is at a high rate right now. This may be influenced by the trust and also the worth of the BTC itself. They have their own consideration and it is about their belief that BTC will have a higher price again at least in the next year. So, many hopes to get a worthy investment of hodl.

The other reason is that they are buying the BTC for certain other profits. Here, we can see the use of daily trading where they will get profits from daily trading. In this case, they buy the BTC and then make profits directly to sell t as a daily trading profit. In futures trading, we can get profits even the price of BTC drops or rise.