How is bitcoin worth buying now at these prices?

[jerry0]

With the price of it 25k at the moment... even when its 20k... in order to double your money, you need it to hit 50k or 40k.  That number still looks so far away with how much btc has went up this year.  And imagine wanting to 5x your money. 



Yea i know you would say... imagine btc is 50k or 100k or 300k, then what about then?  Well by then, i don't even know how it would make any sense to buy it as even doubling your money would be extremely hard.



For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

[passwordnow]

You got a nice idea but you don't invest into random stocks if you don't research about it. And that's the same principle in investing in bitcoin. If you think that it will double your money, you're going to invest to it.
You can follow the idea why institutional investors are coming in and they don't mind buying bitcoin at the price that we have. It is worth it no matter how much the price is but you have to think long term rather than short term.

[Charles-Tim]

I will prefer to still choose bitcoin, I am not about going for 3x or more, I just need how my money will not be deflationary while not depreciating but appreciating. You can do whatever you want, but I will advice you to diversify and know about the stock you are dealing with. But, in my opinion, I will prefer to go for bitcoin.

I can not take this as an advice, but it is worth saying and would be a better advice for expert traders. Some people that want 5x this time around will be traders, and it is possible. What if you margin your trade by 5x, then this is solved, but provided if bitcoin increase and you gain. But, know that the higher the leverage the higher the liquidity, but it is the best solution if you want to invest and want such increase.

[Coin-Keeper]

With the price of it 25k at the moment... even when its 20k... in order to double your money, you need it to hit 50k or 40k.  That number still looks so far away with how much btc has went up this year.  And imagine wanting to 5x your money. 



Yea i know you would say... imagine btc is 50k or 100k or 300k, then what about then?  Well by then, i don't even know how it would make any sense to buy it as even doubling your money would be extremely hard.



For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

We had this exact same conversation all the way back in 2011.  Those of us that got in early were scared to death to invest in more BTC when the coins were at $1000.00 during 2011..  Now I would sell everything I own to buy coins at $1K, obviously.  Too bad we didn't have a thread here started in 2011 titled  "2020 coins will be selling over $25K, AND large investment firms would be buying up coins in lieu of Gold".  The OP of that thread would have been dismissed as a "dreamer".  Same thing in 2017, and so on.

[LittleBitFunny]

There is no doubt that Bitcoin is the best investment asset. It is profitable to invest in Bitcoin at any time,
You can see that those who bought Bitcoin at ATH in 2017, who have been able to wait patiently for a long time, have benefited a lot.
So, nothing to be disappointed by investing in Bitcoin, only one principle to invest in Bitcoin, buy as low as possible and hold on until you reach your goal.

[RapTarX]

If you look back at the history of the bitcoin price, you will noticed that most of the ATHs were a few x from the previous one. This time, it just has broken the previous ATH but yet couldn’t make it 2x. I wouldn’t say it will hit x amount, nor I would like to say it will get dump. Both can happen.

[oktana]

And imagine wanting to 5x your money.

Lol, you guys should stop these imaginations. The only / average thing that can give you 5x of your money is Ponzi Scheme, or maybe some sort of scam whereby they promise it but don't fulfil it. Also, 50k may look far but, its very possible. Bitcoin is almost at $26K, who knows, maybe it'll reach $30K before the new year

CAUTION: remember the risks involved when hodling.

edit: BTC at $26,511.98(on Binance)

[Lanatsa]

For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

Your choice but you do know that volatility isn't really that great when you are in stocks and to consider that there are lots of people had switched to crypto came from stocks due to that
main reason.People might be always talking about doubling or tripling the price but you cant really blame them to have those kind of hopes knowing that bitcoin
can really possibly reach out those numbers. It might be hard but not impossible.

You can always have the option on which one to take and which one you would ignore.Also that not all will be just aiming for doubling their money but rather
getting profits when the time they do make gains and it doesn't really require much time compared to stocks.

[20kevin20]

It's as worth it as it was back when it was $0.01, $1, $10, $100, $1k or $10k. Today, it's $25k. In the future, if the same cycle is followed, it will be worth way more than it currently is.

You're following a mindset that is completely wrong. A $0.01 shitcoin or stock is NOT easier to bump up and double in price than a $25k to $50k Bitcoin is. In fact, as Bitcoin has a long history of incredible price jumps, it is more likely imo that Bitcoin will follow the previous cycles than it is for stocks to randomly double up in price. Think percentage, not USD. 100% has so far been an easy target for Bitcoin every few years.

Here's how it went for me and my friends so far: I thought Bitcoin was too expensive when it was over $1k. Then, I thought it'd crash to nothing when it fell to under $200. Then, I thought I missed out the bull ride again when it jumped back to $500. Since then, I've learned my lesson: Bitcoin is never a bad investment. No hodl has gone bad for me in 7 years so far.

I told my friends to invest back when a Bitcoin was under $1k and they thought it's too cheap. Same happened when it reached $5k and then $10k. Had they invested when I suggested them to, they would've thanked me today. But never forget there is a risk and one day the cycle might not be followed. If you strongly believe Bitcoin is a good investment and can assume the risks, then jump in our boat.

[GeorgeJohn]

It's really obvious that bitcoin will rise but not to these extent that btc is 26500 thousand, buying bitcoin now that is rising every time and every hours I don't think is encouraging because it's very clear that the price can equally surprise people and come back to the initial which is appropriately 10k, so buying bitcoin now hoping to make enough profit when it get to 50k- 100k is equally advisable to entrepreneurs alone, but am average person should observe before purchasing it because the price can change at any point, but the process of investing in bitcoin I think is more preferable now than purchasing it immediately it increases in price, don't look at the advantage impact of it but also view the disadvantages impact.

[philipma1957]

With the price of it 25k at the moment... even when its 20k... in order to double your money, you need it to hit 50k or 40k.  That number still looks so far away with how much btc has went up this year.  And imagine wanting to 5x your money.  



Yea i know you would say... imagine btc is 50k or 100k or 300k, then what about then?  Well by then, i don't even know how it would make any sense to buy it as even doubling your money would be extremely hard.



For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

Okay a while back on sept 2018 amazon was worth 1915 dollars now it is worth 3172 dollars

so it did not double.

but Sept 2016 amazon was worth 800 and it went up 4x to 3172 dollars in 4 years or so.

and Sept 2014 amazon was worth 323 and it went up 10x to 3172 dollars in 6 years or so.

and Sept 2012 amazon was worth 256 and it went up 12x to 3172 dollar in 8 years or so.



So if you believe that for btc it is like amazon was in 2018 it did not gain much  in 2 years.

but if you believe that for btc it is like amazon was in 2012 you will 12x your money in 8 years or so


take your pick..

also look here

BTC will be worth more than all of these combined.

if btc catches apple it will grow a lot  about 5x


I watched a low of six dollar for btc.  it is now 26000

so 26000/6 = 4333.33 to 1.

This is not going to happen.

but 5 to 1 could happen.

[Harlot]

For the ones who are currently holding Bitcoin they could definitely add more Bitcoin into their portfolio but for the ones who will just catch up just about now I don't think it will be a good idea for them to do so. They are practically buying Bitcoin at a price where they don't have any safety, yeah sure there is a chance that Bitcoin might continue to go up but don't forget that there is also a higher risk that it will fall down especially if a lot of traders are preparing to flood the market with their sell orders.

[thecodebear]

With the price of it 25k at the moment... even when its 20k... in order to double your money, you need it to hit 50k or 40k.  That number still looks so far away with how much btc has went up this year.  And imagine wanting to 5x your money.  



Yea i know you would say... imagine btc is 50k or 100k or 300k, then what about then?  Well by then, i don't even know how it would make any sense to buy it as even doubling your money would be extremely hard.



For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

Two points.

1. Most investors expect less than 10% gains a year on average (stock market). "imagine wanting 5x your money"...people coming into Bitcoin for the first time would love 5x, but they would also love 2x, or 50%. They'd love 20% a year. Stocks don't often double, Bitcoin will easily double in 2021, you'd have to make a very very smart stock buy to get it to double, or you can just buy Bitcoin and be extremely likely to more than double your money in less than a year. Buying now is well worth it for anyone, price is only going to go up from here medium to long term.

2. Bitcoin is still vastly undervalued right now. $26k is nothing considering that institutions have started getting into the game the past few months. In  2-3 years it is very likely anything under $100k for Bitcoin would be a fantasy that people can only dream about, wishing they could get more at such low prices.

[The Wasp]

For the ones who are currently holding Bitcoin they could definitely add more Bitcoin into their portfolio but for the ones who will just catch up just about now I don't think it will be a good idea for them to do so. They are practically buying Bitcoin at a price where they don't have any safety, yeah sure there is a chance that Bitcoin might continue to go up but don't forget that there is also a higher risk that it will fall down especially if a lot of traders are preparing to flood the market with their sell orders.

How do you figure that 'there is a higher risk that the BTC will fall down'? It could go in either direction. That's been proved many times so far.

[eaLiTy]

Yea i know you would say... imagine btc is 50k or 100k or 300k, then what about then?  Well by then, i don't even know how it would make any sense to buy it as even doubling your money would be extremely hard.

The risk is always there when you are investing at this price as the price already breached $26.6k and still moving up without showing any signs of weakness, i am just watching in awe as the price keeps on moving up as i have no idea from where these huge investments are coming in and i will stay away from investing at this price.

For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

If you want to risk money then it is always better to invest in BTCitcoin even at this price rather than investing in random stocks .

[TimeTeller]

Yea i know you would say... imagine btc is 50k or 100k or 300k, then what about then?  Well by then, i don't even know how it would make any sense to buy it as even doubling your money would be extremely hard.

The risk is always there when you are investing at this price as the price already breached $26.6k and still moving up without showing any signs of weakness, i am just watching in awe as the price keeps on moving up as i have no idea from where these huge investments are coming in and i will stay away from investing at this price.

For example I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k.  Thoughts on this?

If you want to risk money then it is always better to invest in BTCitcoin even at this price rather than investing in random stocks .

Investing in btc with the current price really takes courage to spend your hard-earned money.
But you can always buy a small portion if you want, and just sell it at a higher price.
In crypto, you have to remind yourself about the saying spend your money what you can afford to lose.
So whatever the future will be, you should be ready for the outcome.

[JimboToronto]

We had this exact same conversation all the way back in 2011.  Those of us that got in early were scared to death to invest in more BTC when the coins were at $1000.00 during 2011..  Now I would sell everything I own to buy coins at $1K, obviously.  Too bad we didn't have a thread here started in 2011 titled  "2020 coins will be selling over $25K, AND large investment firms would be buying up coins in lieu of Gold".  The OP of that thread would have been dismissed as a "dreamer".  Same thing in 2017, and so on.

I think you're mixing up your years.

Bitcoin never went higher than $32 in 2011.

Out of curiosity, if you were having conversations about Bitcoin here in 2011, what was your original user name?

I noticed you didn't register until 2016.

[Sled]

If you wanted to double, triple your money after investing, you will have to wait for many years to come.

If I buy Bitcoin today, I didn't think to doubled it easily but as a trader, I didn't wait that long to make money by having a few percentage gains (buy and sell), well, that be good enough.

Investing this time is ultimately at high risk, TBH. But this never holds those people who believe that Bitcoin will grow more in the future. Ain't that you or even may (maybe) but many others around can do.

[error08]

Do not invest in something that you don't know how it works and what is the potential in the future.
Even in stocks,  people have to do due diligence before choosing one that might bring profits,  nothing for sure but we take the chance by calculating the probability. The same thing applies to bitcoin, learn the market and what are the factors that drive it, then calculate the probability of whether it can reach $50k in a certain time frame or not.

[JimboToronto]

If you wanted to double, triple your money after investing, you will have to wait for many years to come...

...Investing this time is ultimately at high risk, TBH. But this never holds those people who believe that Bitcoin will grow more in the future. Ain't that you or even may (maybe) but many others around can do.

Not necessarily. In the year after a halving year, Bitcoin has always experienced extreme price increases.

In 2013 it increased 20-fold between January and early April, and then increased 20-fold again between mid-April and December. From January until December it increased 100-fold.

In 2011 it increased 25-fold between January and December.

Many years to triple your money? Nonsense.

Now is an excellent time to invest in Bitcoin.

If I buy Bitcoin today, I didn't think to doubled it easily but as a trader, I didn't wait that long to make money by having a few percentage gains (buy and sell), well, that be good enough.

That's the difference between an investor and a trader/gambler.

Investors are in it because they see the long-term value and wish to participate in a worthy project. Traders are just trying to make a quick buck (which they seldom do).