Question about crypto profit

[CryptopreneurBrainboss]

With high reward comes with high risk and not many are willing to take the risk of losing their capital just because a particular aspect of the market has higher potential to give huge profits. The same reason is exactly why many enthusiast don't trade instead they just buy and hold their coins of their choices be it bitcoin or altcoins.

Bitcoin past record also has apart to play in this as it has built trust for itself due to it continues increase in price from over the years but that of altcoins can't be certain. You would make profit but hardly lose if you're willing to hold bitcoin even when the market is unfavorable but that can't be said in altcoins as you can easily get dumped on if you're that invested in holding the tokens.

New project are developed daily so your alts has a higher chances of getting dethroned from whatever technology it was working on and superior project or most hyped become the trend of the day, leaving you in red (lost).

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[rat03gopoh]

People's confidence in altcoins has declined since the short defi trend which caused a huge loss for most traders and newcomers. Currently, people don't want to take the risk too far and prefer bitcoin as last hope. At any price it's okay to start investing in bitcoin, we can see in the chart that bitcoin in the last few months continues to try to reach ATH.

[akirasendo17]

simply because bitcoin has a huge potential, even though there is a risk that it will go down, if you know the price trend every year it still, gaining and others are correct about bitcoin is where it's better to invest, against those altcoins that you are not sure if there is really huge potential, now i think they are aware that there is a chance that they are going to lose some money, but investing is really a big gamble its either you gain or you lose everything, but always remember these word, invest only the money you are willing to lose.

[aesma]

At the end of the day you have a finite amount of money to invest. Let's say you have 1000$ today, then 50$ every month. I wouldn't put 1000$ in Bitcoin right now, because the price has just surged so much. I would probably keep the 1000$ for a better entry point, but buy 50$ of BTC every month (or 40$ BTC, and 10$ some other alts you think have potential).

[Daniel91]

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

I thought so in 2017 too and I was very wrong.
I transferred some of the funds to some "promising" altcoins and when there was a big drop, all those altcoins fell a lot more than bitcoin and never went back to the old price, unlike bitcoin.
Bitcoin has already shown that it has great growth potential and I'm sure it will grow a lot more so it makes sense to invest in it even now.

[qwertyup23]

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

When I first joined the forum last 2017, the price of one (1) bitcoin was around $4200-$4400 with occasional highs and lows. The reason on why most people invest into bitcoin is due to its high volatility that has the potential for its price to skyrocket. Currently, the price sits at $16,000 and most people believe that its price would again skyrocket in the near future.

Altcoins, on the other hand, do have the potential to be profitable but the risk is too high for someone to invest compared to bitcoin. Lots of shitcoins, fake projects, and exit scams plague the ANN section of this board which contributed to the stigma that altcoins are "scam coins."

[Peanutswar]

One factor why most of the people put an investment even there is a pump is they want to join the ATH rocket and fly to the moon again. Profit is profit no matter how much it's it you don't need to have 100%, 70%, or 50% profit on your earnings and some want this even just a small amount of profit. Before an investment, some of the people already know the risk and possible loss of assets so I think they already prepared for that.

One thing too is right now the market graph of the bitcoin is still on uptrend even there are some falls down this is just normal people are selling their coins.

Also, we all know that every time the bitcoin pumps the altcoin dumps this is a common concept and vise versa so are you willing to risk your money? I guess you won't, so why not take a ride too?.

[OgNasty]

Why invest in the S&P 500 and maybe get 8% per year when you could invest in penny stocks and make 100x that much?

The answer, penny stocks (like altcoins) are mostly garbage that are likely to lose nearly all value and it's more in line with gambling than actual investing.  When you have wealth, investing is as much about protecting your wealth as it is about generating more.  There are only so many places you can put large sums of money where it can be considered safe.  Even FDIC insurance only goes so far...

[aesma]

Why invest in the S&P 500 and maybe get 8% per year when you could invest in penny stocks and make 100x that much?

The answer, penny stocks (like altcoins) are mostly garbage that are likely to lose nearly all value and it's more in line with gambling than actual investing.  When you have wealth, investing is as much about protecting your wealth as it is about generating more.  There are only so many places you can put large sums of money where it can be considered safe.  Even FDIC insurance only goes so far...

Penny stocks are a good analogy, I'll keep it. And just like with penny stocks, I see poor people putting money in altcoins just because 1 unit is cheap. So they can buy several of them, whereas they could only dream of buying 1 BTC.

However after some time they have lost on their investment, while BTC has gone 3 or 4 times the initial price in the same timeframe...

[OgNasty]

I see poor people putting money in altcoins just because 1 unit is cheap. So they can buy several of them, whereas they could only dream of buying 1 BTC.

Yes, valuing things by share/coin price and not Market Cap is one of the biggest mistakes I see from people who have no clue about investing.  In my opinion, this is the reason why altcoins like Ripple can continue sucking in money from unwitting investors who don't realize that it will NEVER EVER EVER reach ANYWHERE NEAR Bitcoin's price per coin due to having so many more XRP outstanding.  Whenever I get random facebook messages from people who can barely manage to work a computer, they're always full of pitches about investing in Ripple because it is currently so cheap.  I just tell them not to invest and then wait for the "I should have listened" messages that I get so frequently. 

[fortunecrypto]

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

You are recommending people to gamble if that is your logic, it's risky, I have seen some people making money on the pump and dump coins/token, only to lose all of it because they tried to extend their luck.

Bitcoin and Ethereum is the safest bet they are not making a huge pump in price but you can be sure that if it dips or the price slip it will eventually recover, many investors are on HODL strategy and they're making a profit, you just need to be patient and here in Cryptocurrency the market is highly volatile, you need to moderate your greed.

[aesma]

Bitcoin has pumped 40% in one month, isn't that huge for you ? In fact people are predicting an imminent crash because it's too fast !

Of course only last year BTC pumped 40% in one day so I guess from that perspective 1 month is kinda slow...

[CryptopreneurBrainboss]

***

But honestly speaking is kind of slow lol. We all expected the previous all times high to had be broken by now
(take a survey and many would related to this thought) but it's quite understandable since bitcoin had to surfer some setback as a result of the pandemic crash that saw all market getting affceted.

Bitcoin has set high standards for itself that even when it does extremely well in regards to price appreciation it still doesn't get the accolades it deserve just because it didn't outperformed it's previous highs like what we're experiencing now.

[aesma]

Well for BTC to rise significantly billions of dollars must be invested, it's not like a small altcoin where you can move the price with a few dollar bills.

If you want to day trade bitcoin go for it, personally I find it too difficult, but regardless, you should hodl a BTC stash, because BTC is rising on the long run.

[CryptocurencyKing]

Some yes back, Gold served as a currency and many valued it as such until paper money, the regular fiat came and took it's place but still, Gold never lost it's value. Many have linked Bitcoin with Gold as it stands as a major store of wealth and this is not too far from one of the uses or what Bitcoin stands as. This explains why people still sort out to buy gold till date, not just for it's ornamental nature but, the value that comes with.
This is the position Bitcoin enjoys today, not just as a crypto currency but, a currency with value and despite it's high, people still invest with the knowledge that, it's sure to maintain or increase it's value over time in contrast to Altcoins.

Again, Bitcoin isn't just hoard, it's also used in trading amongst other careers to make the most out of it. Speculating the probability of a coin staying in business is not an easy task and this is some of the things Bitcoin has built and enjoy today. It's trust is never staggering as Altcoins so, your sure to have it boom always.

[blckhawk]

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

Simply because even if Bitcoin can provide only a 10x profit, the chances of having that reward are high at least unlike investing on altcoin that could really give 100x times of profit but the probability isn't that high as Bitcoin can provide. For simple explanation, the higher the profit it is, the higher risk you will take and that is exactly what investing in altcoin like. Now it is up to you whether you take the riskier but higher profit or the lower one but more guaranteed.

[stompix]

Hihi, I love it when people are missing the actual motive behind a topic.
You guys are focusing on the wrong thing, this is not about bitcoin not making more than 100% or how much is 100% compared to traditional assets, the aim of the topic was this:

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

This is his main concern, not that he will just double his money with  BTC, he wants to know how to make x100 in a year.
So, start with the recommendations! I nominate bitreconnect and twocoin!

Well for BTC to rise significantly billions of dollars must be invested, it's not like a small altcoin where you can move the price with a few dollar bills.

But if it takes 5% to raise the price up it also takes a sell order of 5% to bring it down!
It doesn't matter if the coins rockets 100x if all the investors are unable to sell at that price and if only a fraction of them could simply dump it to zero.

[Asuspawer09]

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

I guess it's not really that bad to invest at that market price even though there might be less profit and it really risky because the market price could go dump at any moment.

But for sure people thinks that bitcoin could still make it more than 16k$ that is why people keep on investing and also especially when the market is on hype people would always be interested to invest.

No doubt that bitcoin is the best cryptocurrency that has the potential to reach 100x and completely surpass other cryptocurrencies in the market.

[taufik123]

I guess it's not really that bad to invest at that market price even though there might be less profit and it really risky because the market price could go dump at any moment.

But for sure people thinks that bitcoin could still make it more than 16k$ that is why people keep on investing and also especially when the market is on hype people would always be interested to invest.

No doubt that bitcoin is the best cryptocurrency that has the potential to reach 100x and completely surpass other cryptocurrencies in the market.

I believe if Bitcoin is able to generate more than $16000 even now Bitcoin has reached a high price of $18300 and this will continue. Bitcoin is the best cryptocurrency that can reach 100x, but to reach 100x Bitcoin will still experience a price correction and that will definitely happen, because bitcoin prices fluctuate like other cryptos. Many people have started investing in bitcoin with the aim of making a profit, but remember that the risk of investing in a high price when FOMO occurs will be very risky. Bitcoin assets will not be lost and will remain in number, but the value of bitcoins will decrease.

A good investment in crypto is an investment that is based on research and strategies that have been prepared. Cryptocurrencies that are in the top 10 of CMC are recommended cryptocurrencies.

[virasog]

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

When the prices are low, people hesitate to buy and think that the price may further dump and they will be able to buy more cheap. The prices does not dump after a certain level and when they see the prices going high, they have the feeling of "fear of missing out" (FOMO), so that try to buy it at the current market price and don't think that the price is too high now and can dump.