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Author Topic: Has Bitcoin Lost it's Fervor for Percentage Gains?  (Read 355 times)
bittick
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June 05, 2023, 12:22:03 PM
 #41

we all know that coins that highest ranked usually requires big capital otherwise you will not get much.
as much as how much you wanna invest in them, you should also prepare some big capital to make big initial investment.

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June 05, 2023, 03:35:45 PM
 #42

People seem to have become millionaires in previous bull cycles with modest investments in BTC & ETH.  If I invested in 1 BTC, is it enough to make me a millionaire by the next bull run, or are there an elite number of alt coins that could help me safely achieve what BTC & ETH once did?

You can't become a millionaire if you're measuring your wealth in dollars because Bitcoin can't get to $1 million in this bull market. If you also invest that amount in Ethereum, it can't make you a millionaire as well. The only way you can become a millionaire in this bull market is by investing in altcoins.
We have good altcoins that you can invest in and we have those you can invest just for the purpose of riding the hype like memecoins. $Pepe is the recent and trending memecoin and I feel it'll become very popular in the next bull market. You can buy it and make millions of profit but be careful.
Don't invest more than you can comfortably afford losing if the coins fails to reach the peak we're expecting due to other memecoins like Dogecoin and Shiba Inu reached those prices during their peak. Pepecoin might go in the same direction or have a different reaction from the community not believing it.
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June 05, 2023, 05:43:40 PM
 #43

You can't become a millionaire if you're measuring your wealth in dollars because Bitcoin can't get to $1 million in this bull market. If you also invest that amount in Ethereum, it can't make you a millionaire as well. The only way you can become a millionaire in this bull market is by investing in altcoins.
We have good altcoins that you can invest in and we have those you can invest just for the purpose of riding the hype like memecoins. $Pepe is the recent and trending memecoin and I feel it'll become very popular in the next bull market. You can buy it and make millions of profit but be careful.
Don't invest more than you can comfortably afford losing if the coins fails to reach the peak we're expecting due to other memecoins like Dogecoin and Shiba Inu reached those prices during their peak. Pepecoin might go in the same direction or have a different reaction from the community not believing it.

It depends on what amount and what altcoins we are talking about. Everything is relative, you can't become a millionaire with bitcoin if you have 1000$ in your account, but 1000$ is sometimes much more pleasant than the lack of it, when you invested in the wrong altcoin and it lost 99% of its value. Investing in altcoins and skillfully fixing the profit from their acquisition is a professionalism and most market players have no idea what altcoins they buy, what to do with them and when to sell them. So at a distance it turns out that it is bitcoin investing that will make you a millionaire much faster even with $1000 than some altcoins that only take your money away.

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June 05, 2023, 05:59:30 PM
 #44

This is a very speculative question that depends on many factors, such as the price of BTC, the performance of alt coins, the market conditions, and your risk tolerance. There is no guarantee that any investment will make you a millionaire by the next bull run, or ever. You should do your own research and invest wisely.

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June 05, 2023, 07:33:45 PM
 #45

While past performance is not indicative of future results, it is true that some individuals have made substantial profits during previous bull cycles in cryptocurrencies like Bitcoin and Ethereum. Investing in 1 BTC may provide significant returns in the future, especially if the value of Bitcoin continues to rise. However, it's important to note that investing in cryptocurrencies carries inherent risks, and there are no guarantees of specific outcomes. Additionally, the cryptocurrency market is constantly evolving, and new opportunities may arise with certain altcoins. It's advisable to conduct thorough research, diversify your portfolio, and consider factors such as project fundamentals, market trends, and risk tolerance when making investment decisions.
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June 05, 2023, 08:04:16 PM
 #46

Holding 1 BTC in the next bull run, might make you a millionaire, but that depends largely on the value of your currency. If your currency is in dollars, them the answer is no, even the price of BTC doubles, it still won't make you a millionaire in dollars.

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June 05, 2023, 11:37:46 PM
 #47

Holding 1 BTC in the next bull run, might make you a millionaire, but that depends largely on the value of your currency. If your currency is in dollars, them the answer is no, even the price of BTC doubles, it still won't make you a millionaire in dollars.
that interesting take but being a millionaire in other currency doesn't necessarily means you are rich, still many considers one to be millionaire when they hold dollars that is 1 million dollars.
moreover it's true that even if the price of BTC twice of its current value, won't make anybody millionaire, even the projected price of bitcoin if the bullruns was coming is still just about 100k dollar which definitely far away from becoming a millionaire.
so I guess it's only effective investing in bitcoin if someone have big enough capital, altcoin exists for the sake of boosting the profit generated from diversifying investment.

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June 06, 2023, 07:50:06 PM
 #48

It depends on what amount and what altcoins we are talking about. Everything is relative, you can't become a millionaire with bitcoin if you have 1000$ in your account, but 1000$ is sometimes much more pleasant than the lack of it, when you invested in the wrong altcoin and it lost 99% of its value. Investing in altcoins and skillfully fixing the profit from their acquisition is a professionalism and most market players have no idea what altcoins they buy, what to do with them and when to sell them. So at a distance it turns out that it is bitcoin investing that will make you a millionaire much faster even with $1000 than some altcoins that only take your money away.
Choosing an altcoin as an investment, of course, you have to know what to choose. Don't choose Altcoins with bad development. The top altcoins are recommended. Sometimes Altcoins can give hundreds of percent profit, but also give 99% loss like you said.
Bitcoin may be the ultimate investment that will never betray anyone. Bitcoin is the safest choice.
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June 06, 2023, 11:03:35 PM
 #49

Holding 1 BTC in the next bull run, might make you a millionaire, but that depends largely on the value of your currency. If your currency is in dollars, them the answer is no, even the price of BTC doubles, it still won't make you a millionaire in dollars.
that's the reason why many with smaller capital are moving over to altcoins investment.
because despite the shortcoming of capital they could still score good profits. which means better deal for the newcomers.



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Psynthax
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June 06, 2023, 11:51:29 PM
 #50

the capital required is too much, its percentage gains would mean nothing when investment is less than $500, i think thats pretty valid statement nowadays.
altcoin most certainly fill this gap and give alternative options for many, but it's still wiser to just accumulating these big coin just in case if they got significant increase in the future.

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June 07, 2023, 03:19:07 PM
 #51

Becoming a millionaire by investing just 1 BTC in the next bull run is uncertain and depends on a variety of factors, including the duration and pace of the bull run itself. if seen. Bitcoin has experienced significant price appreciation over the years, resulting in huge returns for early investors. While it may be difficult to find an alternative coin like yours, especially for the exact outcome of the next bull run, it's worth considering that the percentage gains seen in the previous cycle may not be easy to replicate.

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June 07, 2023, 07:14:23 PM
 #52

Holding 1 BTC in the next bull run, might make you a millionaire, but that depends largely on the value of your currency. If your currency is in dollars, them the answer is no, even the price of BTC doubles, it still won't make you a millionaire in dollars.
that interesting take but being a millionaire in other currency doesn't necessarily means you are rich, still many considers one to be millionaire when they hold dollars that is 1 million dollars.
moreover it's true that even if the price of BTC twice of its current value, won't make anybody millionaire, even the projected price of bitcoin if the bullruns was coming is still just about 100k dollar which definitely far away from becoming a millionaire.
so I guess it's only effective investing in bitcoin if someone have big enough capital, altcoin exists for the sake of boosting the profit generated from diversifying investment.

Yea, true. You can be a millionaire in Zimbabwe currency and still be poor when converted to dollars.
The only people who can become millionaire when holding BTC are those holding up to 30 BTC.

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June 07, 2023, 07:18:50 PM
 #53

Holding 1 BTC in the next bull run, might make you a millionaire, but that depends largely on the value of your currency. If your currency is in dollars, them the answer is no, even the price of BTC doubles, it still won't make you a millionaire in dollars.
that's the reason why many with smaller capital are moving over to altcoins investment.
because despite the shortcoming of capital they could still score good profits. which means better deal for the newcomers.


Although it is a lot riskier, but it is much easier to make more money using small capital on altcoins than holding BTC. Sometimes, someone can make up more than $1000 from a token he spent less than 50$ on. That can never be achieved with BTC.

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June 07, 2023, 09:56:58 PM
 #54

If it's invested in bitcoin for the next bull run, might not give much profit as to when it is invested in other good alt coins, So for me personally i would prefer to invest it in other alt-coins that will give me huge profit when the next bull run comes

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June 08, 2023, 05:32:31 AM
 #55

People seem to have become millionaires in previous bull cycles with modest investments in BTC & ETH.  If I invested in 1 BTC, is it enough to make me a millionaire by the next bull run, or are there an elite number of alt coins that could help me safely achieve what BTC & ETH once did?
Sadly the short answer is No.

The long answer is that if you are willing to grind buy Bitcoin even if the price is 25k at present and you will likely make a lot of money on the next bull run. While altcoins are rarely going to be anything good maybe in short term you will make profit but there is not guarantee on that and it is also proven to be more risky than other methods of investment.

Also few people actually become millionaires. This is an exaggeration, from what I have seen over the last few years.

 
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June 08, 2023, 06:11:11 AM
 #56

People seem to have become millionaires in previous bull cycles with modest investments in BTC & ETH.  If I invested in 1 BTC, is it enough to make me a millionaire by the next bull run, or are there an elite number of alt coins that could help me safely achieve what BTC & ETH once did?

I still think ETH is good investment, the adoption eth has is unparalleled by anything else in crypto, plus all these evm chains which only give more popularity to ethereum.
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June 08, 2023, 09:35:00 AM
 #57

If it's invested in bitcoin for the next bull run, might not give much profit as to when it is invested in other good alt coins, So for me personally i would prefer to invest it in other alt-coins that will give me huge profit when the next bull run comes

Altcoins do have the potential to achieve higher profits than Bitcoin in the bullrun,but we also have to know how Bitcoin reacts after the halving,
for whales Bitcoin will be a top priority, but for retail I'm sure many will choose Altcoins and say that Bitcoin loses enthusiasm to achieve high profit,
and yes this thinking is wrong because Bitcoin might reach $300k and make retail surprised by that, I don't know we as retail can only follow the flow of whales.
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June 08, 2023, 10:52:06 AM
 #58

Not unlike the tech stocks in their infancy, Bitcoin and Ethereum once reveled in a golden epoch of extraordinary surges. However, harboring expectations of similar growth sprees now might mirror the illusion of a modern-day Gold Rush.

The strategy of buying a single Bitcoin today, whilst envisioning a bovine surge propelling one into the millionaires' fraternity, may fall short of practicality. The age of intense unpredictability and enormous percentage profits is progressively making way for a steadier phase of growth.

Yet, the altcoin panorama glistens with the lure of prospective fortunes. The riddle lies not merely in hunting the potential "BTC" or "ETH" of tomorrow, but in distinguishing those ventures capable of industry transformation and crafting singular value in the competitive market arena. The route is undeniably tough, abounding in sharp turns, but with the right navigational tools, the trek can be extraordinarily rewarding. Godspeed on your cryptographic journey!

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Xal0lex
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June 08, 2023, 11:17:06 AM
 #59

It depends on what amount and what altcoins we are talking about. Everything is relative, you can't become a millionaire with bitcoin if you have 1000$ in your account, but 1000$ is sometimes much more pleasant than the lack of it, when you invested in the wrong altcoin and it lost 99% of its value. Investing in altcoins and skillfully fixing the profit from their acquisition is a professionalism and most market players have no idea what altcoins they buy, what to do with them and when to sell them. So at a distance it turns out that it is bitcoin investing that will make you a millionaire much faster even with $1000 than some altcoins that only take your money away.
Choosing an altcoin as an investment, of course, you have to know what to choose. Don't choose Altcoins with bad development. The top altcoins are recommended. Sometimes Altcoins can give hundreds of percent profit, but also give 99% loss like you said.

99% can also give an altcoin with good development, here you do not know for sure what will depreciate faster, a well-known altcoin or an unknown shitcoin from the depths of the rating.

Bitcoin may be the ultimate investment that will never betray anyone. Bitcoin is the safest choice.

People also lose a lot of money on bitcoin. For a variety of reasons. To say that bitcoin will never betray anyone is too optimistic. There's no telling which way the crypto market will be regulated in, say, 10 years from now. We can hope that things will be good, but we can't be sure for sure. Let's say bitcoin looks less risky than altcoins, but there is risk there too.

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