Is Bitcoin the best investment at the moment?

[arufox]

Bitcoin is a type of high risk investment so we must always be wise, the profit opportunity is high but the risk is also high, many people sell anything to invest in bitcoin, but when they see the fact that the price is dropping then they get angry and sell at a loss, and this is what makes we must always be realistic and logical when investing bitcoin.

Before starting a bitcoin investment, you must have a mature strategy. A bitcoin investment strategy really depends on your risk profile and the financial goals you want to achieve. However, it requires patience in managing emotions. Therefore, if a novice investor wants to invest in bitcoin, don't just follow trends and invest without a strategy.

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[Renampun]

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Since entering starting in May the price of bitcoin has continued to decline very deeply. Even the price of bitcoin is currently trading in the $30k-$29k price range. Therefore it seems that bitcoin is difficult to hit the $50k price target in June even to get back to the $40k area it's still difficult.

if you look at the price of bitcoin from a short term perspective (june) then Bitcoin will not be possible to reach that price ($50k)...

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Bitcoin and cryptocurrencies give us the freedom to fully control without depending on others, and another thing is that we can sell anytime without fear of losing buyers because the market is always rising, this is the reason many people invest in bitcoin.

I don't think this is the main reason why people invest in bitcoin. I invest in bitcoin because I believe that only bitcoin gives freedom, besides Bitcoin the number of bitcoins is fixed and cannot be manipulated. In the future, there will be more and more people who are aware of the beauty of bitcoin.

[Wilhelm]

Bitcoin is a type of high risk investment so we must always be wise, the profit opportunity is high but the risk is also high, many people sell anything to invest in bitcoin, but when they see the fact that the price is dropping then they get angry and sell at a loss, and this is what makes we must always be realistic and logical when investing bitcoin.

Before starting a bitcoin investment, you must have a mature strategy. A bitcoin investment strategy really depends on your risk profile and the financial goals you want to achieve. However, it requires patience in managing emotions. Therefore, if a novice investor wants to invest in bitcoin, don't just follow trends and invest without a strategy.

Exactly this. I've done trading but it didn't work out that well for me. Now I HODL which is a more risk free and defensive strategy if you do it with money you don't expect to ever see back. After many years the HODL seems to be very profitable.

So pick a mature strategy that is in line with your capabilities.

P.S. diamond hands HODL isn't easy either  

[lixer]

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Since entering starting in May the price of bitcoin has continued to decline very deeply. Even the price of bitcoin is currently trading in the $30k-$29k price range. Therefore it seems that bitcoin is difficult to hit the $50k price target in June even to get back to the $40k area it's still difficult.

if you look at the price of bitcoin from a short term perspective (june) then Bitcoin will not be possible to reach that price ($50k)...

The first half of June is still not finished yet, and what if the price the next couple of days can rise above 30 to 35k? That will now be easy for btc to reach 50k as soon as the rise is continuous but if not June then we still have July and so on. We aren't rushing anyway so btc can always take its time. When it comes to the reason why people invest in btc.

I think the number one right now is because of its value that can potentially increase by up to a million dollar per one btc but before, the main reason why people invest is because they can feel freedom with it, which is very different from the fiat that is controlled by banks and governments.

[Joshapat]

If we can sell at a high price position that is in November 2021 then we will say that Bitcoin is the most profitable investment, but if we buy in November when the price is more than $ 60k and sees the current price facts around $ 21k then we will say the opposite , but whatever happens I am still optimistic that Bitcoin is an investment that we deserve to choose.

[superman184]

I think the best investment is our knowledge and experience of what we will learn about something in this case is bitcoin.
Bitcoin will be the best investment if we have knowledge about Crypto itself and vice versa. before we invest in bitcoin we must first have basic knowledge in playing crypto (Bitcoin). Many people invest in bitcoin because they follow other people, so usually people often experience losses when the price of bitcoin decreases they immediately sell so they often experience losses that should not have happened if they have knowledge in investing in Crypto (Bitcoin).

[smartaction]

Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

Investing in bitcoin is always good decision. Since the market is much dip now. This is a great opportunity to invest in Bitcoin. It is doubtful whether we will ever see such a dip in the price of Bitcoin in future. So it would be wise to save Bitcoin now.

[redsun114]

Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

Investing in bitcoin is always good decision. Since the market is much dip now. This is a great opportunity to invest in Bitcoin. It is doubtful whether we will ever see such a dip in the price of Bitcoin in future. So it would be wise to save Bitcoin now.

I am not entirely sure if the price will EVER be here again because that is what happens. I remember the 2014 period, the price of 1400 was reached, and it never went to like 30 bucks or something which it was in 2011-2012 period where it was the peak price but never went back there after 2014 peak. Then we had 2017 increase, which took it above 1400 and then to 20k, and never back down to 1400 again.

Weirdly enough we did went below the 2017 peak just recently, couple days ago only, but that was it, when the price goes back up, I doubt we will see that again. So, when we have a huge bull run and break above ATH, that causes the price to go down but not too much.

[CaVO32]

Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

Investing in bitcoin is always good decision. Since the market is much dip now. This is a great opportunity to invest in Bitcoin. It is doubtful whether we will ever see such a dip in the price of Bitcoin in future. So it would be wise to save Bitcoin now.

If you have strong belief that bitcoin has good future, this is one of the few opportunities that you can collect satoshis at a cheaper price. Because if it starts to go up, would be hard for you to spend money. We can't guarantee this market, but when it comes to btc, I have high hopes that it has better future than most alts. Remember, up until today, no alt has ever surpassed its position.

[Bitcoin2009]

If the best measure is a profit opportunity then you can say so, but behind a big profit there is a big loss opportunity, as happened with many investors and I, bought when the market was rising, namely in November when the price was more than $60k but at the beginning of the year I sold when the price was rising. around $47k, if I didn't sell at the beginning of the year I would have lost more than 60%.

[cheezcarls]

As of this time, it’s an absolute yes! Bitcoin so far is the best cryptocurrency for us to buy and hold at this stage no matter where the market goes. Coz’ if Bitcoin goes down harder, it usually comes back much stronger than ever like what we have experienced these past few years during the time it pumped up to $68k last year. It has the capability to bounce back even more than the other altcoins due to being widely accepted and also has an oustanding and unbeatable market capitalization, trading volume, volatility, etc.

[Pujangga]

I never suggest to friends or family to put all the money in bitcoin, I always give a warning that the risk of investing in bitcoin is very high, it's better to do an analysis, recognize the risks and of course take decisions without being tempted by big profits, even though it is very promising but bitcoin can make a lot of people stress even crazy.

[Sayeds56]

Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

Yes! It is the best investment at the moment because it is available now at very attractive price about 70% down from it all time high which is good opportunity to accumulate for booking long term gains. Though like all speculative investments it carries risks but I think it is the best hedge against inflation when we track its performance record of last 13 years.

[Pesona1]

Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

As long as bitcoin still has many enthusiasts, of course bitcoin is still one of the best investments available today, but what needs to be emphasized for those of us who want to invest in bitcoin is to be aware of all the possible risks that exist, besides that we should use cold money to buy bitcoin so that later when a bear market like now has no effect on our finances, besides that, bitcoin is a long term investment so those of us who want to invest should have greater patience.

[Botnake]

Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

As long as bitcoin still has many enthusiasts, of course bitcoin is still one of the best investments available today, but what needs to be emphasized for those of us who want to invest in bitcoin is to be aware of all the possible risks that exist, besides that we should use cold money to buy bitcoin so that later when a bear market like now has no effect on our finances, besides that, bitcoin is a long term investment so those of us who want to invest should have greater patience.

It is, bitcoin is still one of the best investments we could make today and we should take good advantage of the market situation these days while it is still bearish and keeps on dipping so that we can buy it in a much cheaper price.

But each of us have our own choice and we should always know that bitcoin is not the only coin who has some risk but all the leading coins are actually has some risks also, and we should be diligent enough to gather information about the coin we want to acquire.

[kudosinitchi]

Sure it is. Investing in Bitcoin is always a good choice. There is no currency other than BTC and ETH that has best opportunity to invest in. But always make sure to plan it all. Avoid getting hype by FOMO. Invest your mind also some knowledge to fully understand to movement of the crypto market.

[Paul Pogba]

The best size for everyone is of course different, not everyone likes to enter cryptocurrencies because the chances of going bankrupt are also high, if you look at the fact that prices are always difficult to predict then I prefer to make bitcoin as a secondary investment so that when it is bearish then I don't panic.

[fzkto]

Sure it is. Investing in Bitcoin is always a good choice. There is no currency other than BTC and ETH that has best opportunity to invest in. But always make sure to plan it all. Avoid getting hype by FOMO. Invest your mind also some knowledge to fully understand to movement of the crypto market.

Only experience and probably a few deposits help one to understand market movements. A great deal of patience and nerves of iron can also help in investing. Otherwise buying bitcoin can bring losses to the investor. There were a lot of stories about people who bought at 20k in the last cycle and then sold at 6k before reaching 70k. I'm sure many have also sold or will sell in the future without waiting for a new cycle. Psychologically it always works the same way.

[Xcode7]

I think bitcoin is one of the best investment tools right now, but it's also important to remember that bitcoin also has a very high risk because it doesn't have a physical presence.
I think a very good investment for now is Gold because we have the physical, and we also keep it ourselves at home and tend to be more secure, but the To gain is very small compared to Bitcoin.
millennial youth now prefer to invest in Bitcoin because they can get big profits and also because of Fomo, so they look cooler than their friends

[kro55]

Sure it is. Investing in Bitcoin is always a good choice. There is no currency other than BTC and ETH that has best opportunity to invest in. But always make sure to plan it all. Avoid getting hype by FOMO. Invest your mind also some knowledge to fully understand to movement of the crypto market.

Only experience and probably a few deposits help one to understand market movements. A great deal of patience and nerves of iron can also help in investing. Otherwise buying bitcoin can bring losses to the investor. There were a lot of stories about people who bought at 20k in the last cycle and then sold at 6k before reaching 70k. I'm sure many have also sold or will sell in the future without waiting for a new cycle. Psychologically it always works the same way.

There is no question that Bitcoin is the most profitable investment today, but it also carries great risks if you do not understand how it works. A majority of the bitcoin investors who lose money are newbies. They have no knowledge about bitcoins, but they want to make money as soon as possible. They are easy to panic and sell after the price of bitcoin plummets and will buy back if they see bitcoin rise again. This is a common mistake made by newbies.