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Author Topic: Is bitcoin the best one to invest in? Or am i too late? :(  (Read 96 times)
Pokerbits (OP)
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April 20, 2021, 09:10:34 PM
 #1

Hey guys I want to invest into a crypto and the one i see most about is bitcoin.
Some say its too late some say its not.
also which wallet is most safe and secure atm?
HELP ME PLEASE Grin
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RickDeckard
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April 20, 2021, 09:51:08 PM
Merited by pooya87 (1), crwth (1), 1miau (1)
 #2

There was this saying, or may I say proverb, in the Chinese culture[1] that could roughly be translated to:
Quote
The best time to plant a tree is twenty years ago. The second best time is now.
Although you may think that I'm going slightly mad talking about trees and the likes when you made a question regarding being late to invest in BTC,, but for the past couple of years this sentence has been adapted to the financial market[2]. It goes like this (there are numerous variations, but the message is the same):
Quote
The best time to invest was 10 years ago; the second best time is now.
I believe you are able to understand the main goal of this sentence - no one can predict the market and no one will ever be able to predict the market mostly due to the fact that if everything was so predictable and so easy to "interpret" would there even be a financial system? People invest in the financial system mainly to reap rewards in the short/long term because they think/believe that whatever they are buying is going to increase in profits/or decrease (That's for you you sneaky shorters[3]) as the time goes by. If everyone knew that the market would always increase no matter the outer scenarios the system would totally be out of balanced and it's purpose would be spoiled. The sentence kinda makes you think that if you believe that something is worth your money then you should invest in it right now and avoid thinking in "what if" scenarious because no one whats what will come out of it. Remember this : it is very easy to say that BTC would be a dazzling investment 10 or so years ago because you are actually seeing it's impact today.

also which wallet is most safe and secure atm?
I think that there is a really compelling and structured thread that you can read where you'll get a sense of all the type of wallets out there and the pros/cons of each one of them. You can go to that thread by clicking here

[1] https://www.quora.com/What-is-the-origin-of-the-quotation-The-best-time-to-plant-a-tree-is-twenty-years-ago-The-second-best-time-is-now
[2] https://www.simplyinvesting.com/blog/32588-when-is-the-best-time-to-start-investing
[3] https://news.sky.com/story/elon-musk-digs-at-tesla-short-sellers-by-selling-short-shorts-for-69-420-12022203

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1miau
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April 20, 2021, 11:32:19 PM
 #3

Hey guys I want to invest into a crypto and the one i see most about is bitcoin.
Most Altcoins have a very high volatility and in general, I'm also much more bullish for Bitcoin because so many shitcoins are completely overvalued and useless.
Hype (shitcoins) will fade, value (Bitcoin) will stay.

I've written an article (Is diversification into different coins really a good advice for Newbies?) about it but the recent bull market has shown some irrational results (useless Altcoins gaining much value)...  Cheesy



Some say its too late some say its not.
In the past, some people were sad about coins which were bought at 0.50$ and sold at 4$ but when writing that comment, they would have been 50$.  Cheesy Cheesy
Nobody knows if it's early or late but the fundamentals are very bullish:
- Bitcoin as digital gold (limited to 21M coins)
- censorship resistant
- Institutional investors gaining interest
...



also which wallet is most safe and secure atm?
My personal choice:
For frequent transactions: Electrum
For HODLing: offline paper wallets

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pooya87
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April 21, 2021, 02:57:34 AM
 #4

The real question you have to ask yourself is how much potential for growth you see in what you are buying.

Bitcoin has a lot of potential, it still hasn't been adopted more than 1 to 2% and there is a long way to go to reach mass adoption. And most importantly bitcoin is a useful currency that is offering a very unique utility (censorship resistance payment system). So it will continue to grow.

Comparing that with altcoins, I personally don't see any long term potential in any of the altcoins. Majority of them either have no new ideas or are seriously broken. That is why most of them are only alive to be pumped and dumped.

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April 21, 2021, 03:02:31 AM
 #5

I've been into bitcoin since it was worth around $3000. And guess what question I frequently see? "Am I too late to buy bitcoin?". From $3k, all the way up to current prices. And chances are, people are going to ask the same question at $100k and higher.

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libert19
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April 21, 2021, 03:18:04 AM
 #6

Do DCA in timeframes you feel comfortable, I firmly believe BTC is here to stay and in long run you should be rewarded. Regarding secure wallet, go with hardware wallets such as ledger/trezor, there bunch other recently launched too.

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April 21, 2021, 03:35:22 AM
 #7

The problem is that the thought of humans to get in the best time or the so-called perfect time is not possible. There is always going to be speculation towards it, and hopefully, it would reap the rewards in the years to come. It's always lovely to do wishful thinking, but the best thing to do is act on it and do more deeds.

Continuously invest in something you believe in, and you will never know how much you can harvest in the long run.

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