is bitcoin a good chance for the future

[Stable090]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future?

If you don’t know much about bitcoin, then you have to go and have proper understanding about what bitcoin is all about, you shouldn’t invest in what you don’t really know about, if you invest without knowing much about bitcoin, then you might end up losing money also, bitcoin is not a get rich quick scheme you should know that, bitcoin investment requires great patience, you have to be prepared to hold whenever you are planning to invest in bitcoin, if you are investing in bitcoin for short term, don’t be surprise you might end up losing money also.

and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Their are different ways which makes people lose their money after investing in bitcoin, some people think bitcoin is a Ponzi scheme, they are losing for easy money which at the end they will be scammed, some people don’t have patience, they do invest in bitcoin for short term, and but if you really want to invest, then you should be ready to hold for long term, some people ended up storing their bitcoin on exchange, after the exchange have been compromised, their bitcoin is gone, some people didn’t properly back up their private key, which at the end they could access their wallet anymore. Their are still many more ways which people can lose their bitcoin, I just mentioned just few now.

[1714202821]

1714202821

[Bushdark]

I don't know much about bitcoin, and I also want to invest in bitcoin,

Investing without a knowledge in crypto is just a fool decision for everyone, because without a proper knowledge there are huge chances to lose your money rather than getting profit. So I will suggest to go serach out about cryptocurrency and when you well know about Bitcoin then think about investment in bitcoin.

I want to ask whether bitcoin has good potential for the future? I want to know why people experience losses investing in bitcoin?

Absolutely Bitcoin has because from starting to till now Bitcoin almost make his price more than 1000x and no doubt it will increased more In future so keep buying and keep holding if you believe on Bitcoin.
And The reason of loses in Bitcoin is lack of knowledge and don't use proper streategy.

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.

[Xinarae*]

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.

I agree with you, if someone wants to hoard bitcoins I think it's not a matter of bitcoin prices going down rather than going up. Because most people who own bitcoins know that the price of bitcoins will always go up, and they have no problem with that. The problem is that there are many people who are in too much of a hurry to make a profit and end up facing losses. But my advice is to buy bitcoins and wait until the price goes up to make a good profit.

[bettercrypto]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

You know in fact in this era or generation currently, most people today around the world know that bitcoin is a major investment opportunity when it comes to long-term matters. If there are people or investors who have lost in Bitcoin investment, maybe they are the investors who had doubt and anxiety during the times when its value was sinking in the market.

But if you are really the long-investors, that means you are the kind of person who is ready to hold bitcoin for a really long time, let's say 5-10 years, because the others who lost or lost in less than 1 year or 2 years immediately panicked, which means they are not really long-term investors and are not deep into Bitcoin yet.

[Arenga pinnata]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Most people who experience losses in bitcoin investments are because they don't have enough insight before starting to invest. And another thing is due to a weak mentality that is easily affected when seeing price volatility in the market. which sometimes makes panic or sometimes makes greedy.

so the points that make someone lose in bitcoin trading are
✓ Not understanding bitcoin itself
✓ Not understanding crypto market movements which always have high volatility
✓ mentally weak
✓ easy to panic
✓ and too greedy.

[YUriy1991]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.?

I will try to answer one by one.

Bitcoin has shown promising growth and has gained recognition as a decentralized digital currency. However, it is important to acknowledge the risks involved. Many people experience losses in Bitcoin investments due to several factors if they don't understand and no patient. This because cryptocurrency market is very volatile, and the value of Bitcoin can fluctuate significantly in a short period of time. This volatility exposes investors to the risk of sudden price drops, resulting in financial losses

and I want to know why people experience losses investing in bitcoin?

Investing in Bitcoin requires a thorough understanding of the technology and market dynamics. Lack of knowledge or making impulsive decisions without proper forecasts can lead to losses. Remember, when you enter the market psychological factors working in your mind such as fear and greed can influence investment decisions. FOMO (Fear of Missing Out) can encourage individuals to make hasty investments at the peak of price spikes, potentially resulting in losses when the market corrects.

What I want to say is that everything has a cause and effect and all investments and everything needs to be prepared starting from knowledge, funds, mentality, the latest news and patience if you want to become a financial winner in this money market.

[Wakate]

The market is still in a ranging form now and I see it as a good opportunity for us to buy and hold any amount of Bitcoin we want to hold till when Bitcoin price goes up. I have seen some persons that keep asking whenis the safe time to invest in Bitcoin and whether it is too late to invest. From what I can see from the market because I am not that sure if the market is going to ever go below $20K again, but this is the best time for us to hold and buy more holdings from the market. Those who arr ready would take the opportunity and wait for what the market has in plan for us. We buy when price is down and sell when price keep going up.

I agree with you, if someone wants to hoard bitcoins I think it's not a matter of bitcoin prices going down rather than going up. Because most people who own bitcoins know that the price of bitcoins will always go up, and they have no problem with that. The problem is that there are many people who are in too much of a hurry to make a profit and end up facing losses. But my advice is to buy bitcoins and wait until the price goes up to make a good profit.

The price of Bitcoin is one of the things that do motivate investors whether to keep buying or wait for the market to reach a certain level before they sell. If the price keep going down, a lot of investors would be panic thinking of whether buy or sell since the market has to tendencies of going up in the main time. The way we analyse the market is very different so some investors might see it as an opportunity to keep buying more holdings while some may want to look for  opportunity to sell so that they will not make too much loses from market.

[asawale]

Cryptocurrency is the future of the world financial system. And Bitcoin is the one leading evolution which makes finance to be decentralized, giving equal financial power to all.

[esinka1903]

I have the same doubts. I always think that maybe it will fall further and then I will buy it, and then it goes up and I miss an opportunity again.

[sotelorene]

Well, with what everyone see Bitcoin as and with what is happening we can say it is a good chance for the future but the truth is no one can actually tell for sure what will happen in the nearest future but we hope and believe in Bitcoin because of its uniqueness, value, potential etc.

[Youngkhngdiddy]

  Analyzing Bitcoin on the wheel of fortune is tough.  No one can predict the future with certainty. No one thought bitcoins will ever worth $20,000k some years back in 2017. No one thought bitcoins will get this much attention as it is getting today with a lot of investors investing heavily on the cryptocurrency for potential gains. But there is a slight tendency among crypto experts to a positive grow. The main reason behind the development of the Bitcoin blockchain was the aim of humans of having financial freedom, privacy and security. With that said: The human race will never let it happen that cryptocurrencies will disappear again. Man strives for freedom. Especially when others try to exclude them or to prevent them from increasing their own wealth. Governments, banks and other institutions tried hard to exclude certain people of gaining wealth. If a system tries to exclude or discriminate certain people, then there are always ways around this system. That’s why new technologies like Blockchain make it easy for us. But now, let’s hear what experts saying about the bitcoin in the future.
  The Bitcoin price in the future will be higher for sure. If one takes the majority of all expert opinions, this conclusion simply falls. The only big question mark is: What will be the Bitcoin price at the end of 2024? And what should we expect for the Bitcoin price in 2030? Generally, all cryptocurrencies relying heavy on the Bitcoin. If we look into price charts of Litecoins Ether or EOS then we see similar price developments. If the Bitcoin goes up, the others go up too. If the giant drops, so do the others. Many ICOs failed but there is no doubt: Cryptocurrency is really the future. The last couple of years even conservative but powerful groups of investors found the way into cryptocurrency. The market share of Bitcoins became enormous. So, does Bitcoins really have a good future? Absolutely !

[Maslate]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

You know in fact in this era or generation currently, most people today around the world know that bitcoin is a major investment opportunity when it comes to long-term matters. If there are people or investors who have lost in Bitcoin investment, maybe they are the investors who had doubt and anxiety during the times when its value was sinking in the market.

But if you are really the long-investors, that means you are the kind of person who is ready to hold bitcoin for a really long time, let's say 5-10 years, because the others who lost or lost in less than 1 year or 2 years immediately panicked, which means they are not really long-term investors and are not deep into Bitcoin yet.

Bitcoin is mostly suitable as a long term investment, so if you want to invest, better to make sure that you are not using your money that you are intended to pay your bills or to buy your daily necessities, that way you can hold your bitcoin for long without being bothered when to make quick profits.

Also, do not anticipate that investing in bitcoin is always a win-win scenario. Learn to accept that there are also inevitable losses, especially if your goals are not met so you end up selling some of your coins to avoid losing too much.

[Essential10]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Not knowing about Bitcoin is not a problem, but if you follow the  forum you will surely learn a lot about Bitcoin. First of all keep in mind that Bitcoin is a long term investment. People who are inexperienced in Bitcoin i.e. newbies mainly invest in Bitcoin, when the price of Bitcoin starts to fall they lose patience and sell their Bitcoin investment and face losses. Those who invested in Bitcoin when it peaked in 2021 and who patiently held Bitcoin saw the profit come 2024 as Bitcoin went above $73k. Certainly I believe that Bitcoin has great potential in the future. If you invest from now then you can make good earn from Bitcoin.

[Su-asa]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Not knowing about Bitcoin is not a problem, but if you follow the  forum you will surely learn a lot about Bitcoin. First of all keep in mind that Bitcoin is a long term investment. People who are inexperienced in Bitcoin i.e. newbies mainly invest in Bitcoin, when the price of Bitcoin starts to fall they lose patience and sell their Bitcoin investment and face losses. Those who invested in Bitcoin when it peaked in 2021 and who patiently held Bitcoin saw the profit come 2024 as Bitcoin went above $73k. Certainly I believe that Bitcoin has great potential in the future. If you invest from now then you can make good earn from Bitcoin.

Bitcoin is not generally for long term investment, it's the person who want to make use of it that will conclude on what to use it for, some people are using Bitcoin for their business transactions some are investing on it short term long term even more people that knows what they know about Bitcoin still using it for trading. One who's new to Bitcoin can say they want to trade Bitcoin instead of saying they want to invest in Bitcoin, if one don't know what he/she want to use Bitcoin for the person will made many mistakes.
However I could say that the OP should invest in Bitcoin for long terms and he should also use the DCAing strategy to invest if he wants to go for the long terms.

[reagansimms]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Why does the price of Bitcoin continue to rise? because Bitcoin is an attractive investment option, Bitcoin is also a classy investment that has unique characteristics so that its correlation with other investment assets such as shares and bonds is very low. Its high volatility makes Bitcoin the riskiest asset compared to investing in other assets, but if you look back, to be precise several years ago, Bitcoin has shown its class as an investment that can provide high returns. The high return on Bitcoin investment is commensurate with the risk.
Most investors are interested in investing in Bitcoin because it is the leader in market capitalization, the price of Bitcoin will increase over time and Bitcoin is also starting to be considered "People's Money" which makes its future even brighter.

[Marykeller]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future?

If you want to know if Bitcoin has good potential, google about the price history of bitcoin since its creation. After that, you will be able to tell whether bitcoin has potential in the future or not, and whether it's worth your investment

[Belarge]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future?

The potentials of bitcoin is open. Mere looking at your question, it points out to the fact that you're newbie in the space and you still have a long way to go. Bitcoin comes first when we talk about investment in the system, I'm not going to relent and watch the opportunities coming my way fold up due to fear, doubt and uncertainty. I'm here for everything profitable but ensure to anticipate in projects that are promising and probably not the ones that will waste our time.

[Mrcool75]

Yes of course.  10 years ago people didn't know what bitcoin was.  Many did not understand.  At that time the price of bitcoin was very low.  Currently the price of bitcoin is 70000+ dollars.  Its price is increasing day by day.  So I think bitcoin has a good future.

[GbitG]

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

Most people who experience losses in bitcoin investments are because they don't have enough insight before starting to invest. And another thing is due to a weak mentality that is easily affected when seeing price volatility in the market. which sometimes makes panic or sometimes makes greedy.

so the points that make someone lose in bitcoin trading are
✓ Not understanding bitcoin itself
✓ Not understanding crypto market movements which always have high volatility
✓ mentally weak
✓ easy to panic
✓ and too greedy.

Well, this is truly some of the reason behind the loss in Bitcoin. But anyway, I didn't understand what it meant by "Weak mentality". Does this mean FOMo that when an unexperienced buddy does not understand the dynamics of the market and when FOMo comes, he considers it an opportunity as a result of which he becomes a victim of loss due to FOMo.
 

I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future? and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?

I hope you have understood from @Arenga pinnata's replay why people face losing in Bitcoin. I really appreciate his work; he explained the reason for the loss in Bitcion, and I will also explain how to avoid it.
 
Do you know how you can minimize/avoid the loss in Bitcion?

• The first thing you need to learn is the basic knowledge of Bitcoin as well as risk involvement.
• Second, you should think of investment by making the golden phrase "invest what you can afford" a topic.
• Third be aware from scams, like which exchange trade to use or which wallet is best to use. Becuse today, a prominent exchange can also cheat you, i.e., FTX.
• Forth is Hodl. It means Bitcoin should be kept for the long-term like be patients, patients because in short time you will not make as much profit as you can in HODL.
• The last one is that if you are future trader so don't trade with a high margin. Means not to be greedy.

[odunybiz]

Yes of course.  10 years ago people didn't know what bitcoin was.  Many did not understand.  At that time the price of bitcoin was very low.  Currently the price of bitcoin is 70000+ dollars.  Its price is increasing day by day.  So I think bitcoin has a good future.

Buying and holding Bitcoin for the future is a sure way to riches. Although it may drop during the bear season but it will still make it high more than before in the next bull run. Hodling it for long is best way to achieve great in the space.