What is next for Bitcoin? Seems like the only winners are early adopters unless

[348Judah]

You have millions to buy ? I so missed out on this when it was $110 a coin but I was young and no money. So now that blackrock made some noise in the Bitcoin space and got everyone rallied up will this be the biggest money grab in history to then crash it on the recession?

How do you arrived at the occasion that BlackRock spot bitcoin ETF application is what leads to this sudden increase, have you even consider how closer we are getting to bitcoin halving which will begin to gradually unfolds more attempts on bullrun anytime from now on, moreover i don't think the offer with BlackRock has been granted yet by the SEC, remember they were not the only applicant on this.

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?

You need to learn about the reason for the creation of bitcoin by Satoshi first, study the history and also google about the importance of bitcoin in a decentralized digital financial economy, this will gives you more insight on the needs for financial freedom, privacy, trust and security which all these together form part of the reason why Satoshi make an alternative to fiat traditional currency away from central authorities with the introduction of bitcoin.

I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

So solving a rigorous mathematical equations through the process of bitcoin mining and competing with thousands of other miners across the world is nothing to you deserving a reward for?

[Z-tight]

I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

Don't invest any of your capital if you don't know what you are doing, BTC is not printed out of thin air like fiat, it has a fixed supply that cannot be exceeded, and once all BTC's are mined, there will be no more 'new' BTC's. This is unlike fiat that your government can decide to pump in new notes out of thin air at anytime. You are not being forced to invest, and BTC's value will go up with or without your investment, it is not like altcoins that grow just because of hype; so you are the one who needs to learn how BTC works and decide if you want to use it or not.

[rat03gopoh]

You have millions to buy ? I so missed out on this when it was $110 a coin but I was young and no money. So now that blackrock made some noise in the Bitcoin space and got everyone rallied up will this be the biggest money grab in history to then crash it on the recession?

There are many conditions that many people actually don't need to regret, even some people who are able to cultivate the investment space didn't recognize the potential of bitcoin at that time and even today. So, I don't think that bitcoin has become a grab currency as long as people of all financial levels have the means to earn it.

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?

You give questions with 2 different POVs, the benefits and profits, the question is how far is your practice using bitcoin? What kind of company do you mean?

[someone703]

In fact we always feel regret for the things that happened in the past, few are wise enough as well as lucky enough to take that opportunity, remember in the past times when bitcoin was at the price of a few dozen $, do many people believe it will cost as it is?
With the experiences that have happened, each person will have an approach to what they know, I think there are many different opportunities in life where we can invest, and especially in the crypto market. there is a lot of potential, and the long-term view with btc will bring satisfaction to our investment portfolio.

[Dr.Bitcoin_Strange]

I so missed out on this when it was $110 a coin but I was young and no money.

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?


I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

If you think Bitcoin is not for you, then why want to get convinced by it? You have long been hearing about Bitcoin, just like you said, but have not felt convinced to invest again because you missed the earlier low price. So, is it what people would say now that would get you to believe in what you said that it's made out of air?

Bitcoin has had a lot of price history, and if you gradually look through it, you will realize the price changes about Bitcoin and that there is still more ATH to cover.

If you want to understand more about Bitcoin, you can read the content below or watch the video.
https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

[serjent05]

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?

Bitcoin has already its use case.  I do not know what are you looking for but Bitcoin is already been used as a mode of payment even though it is highly volatile.  If Bitcoin is not producing profit for any companies then why does there are lots of centralized companies now that are taking advantage of Bitcoin?  You can search the internet and you will find lots of Bitcoin start-up companies.

I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

No one is forcing you to invest in Bitcoin.  If you are hesitant then don't, it is your own free will.  You may miss out on possible future profit, but at least you don't lose any money if the Bitcoin market crash.

[AmoreJaz]

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?

Bitcoin has already its use case.  I do not know what are you looking for but Bitcoin is already been used as a mode of payment even though it is highly volatile.  If Bitcoin is not producing profit for any companies then why does there are lots of centralized companies now that are taking advantage of Bitcoin?  You can search the internet and you will find lots of Bitcoin start-up companies.

I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

No one is forcing you to invest in Bitcoin.  If you are hesitant then don't, it is your own free will.  You may miss out on possible future profit, but at least you don't lose any money if the Bitcoin market crash.

the OP is a newbie in this market, so yeah, i can understand that he has not find the use case of btc yet. but he will soon understand that btc has been used as payment method by a lot of merchants already.
more then likely, couple of months down the road the OP will change his perspective towards this market. i don't think he will say again that this market is made out of thin air.
if he will educate himself and read some basic threads on this forum, he will change his mind real quick. and that is true, no one is forcing you to buy any of this currency. it is your own prerogative to hold some of these coins and your responsibility to know how you can profit from this market.

[adaseb]

You are correct. Bitcoin won’t make you rich anymore unless you are already rich. Those that bought large amounts prior to 2015 and held are very wealthy, maybe some who bought the low in 2018 and COVID low at $3-4K. But these days you buy at $30K, unless it goes to $1M which it won’t. It won’t make you rich.

Same with buying Ethereum. This is why many are pumping coins like Pepe out there because that has a possible 10-100x move. Same with all those other meme coins. Remember shiba inu? Yes these coins can make people rich but not Bitcoin itself. Market cap is just way too high.

[irhact]

I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

Is there anything that wasn't made out of thin air, everything once had no value until it got adopted and became useful. Bitcoin is a currency that can be used as an alternative to fiats and that's why you should buy it. It mightn't be useful today but it does have a future as developers are working on its utility everyday. Bitcoin isn't been used globally as a currency because it's undergoing attacks from the government as they can't control it.

Have you done some research on Bitcoin, if you haven't then you should as that's when you'll understand what Bitcoin. Don't invest when you don't understand what bitcoin is, for now it's used as an asset but that's not its only used. Bitcoin is used for fast, secure transactions.

[AicecreaME]

If you think that missing out the opportunity to buy bitcoin when it was way more cheap, then you don't clearly understand how it works.

Let's say you still can't move on when you should've bought when Bitcoin was $110 and when you made up your decision to buy it was $220, it increased 100%, it's just the same if you're gonna buy at $30,000 but hesitated then regrets again when it hits $60,000, you know what I mean. My point is, as long as Bitcoin has its price, it's never too late to buy it, you just have to be patient.

[Blitzboy]

True, Bitcoin was a golden goose many didnt catch, and FOMO can taint our thinking. Institutional investors like BlackRock joining the bandwagon lends Bitcoin legitimacy, but bear in mind, crypto swings wildly, and even big players can't promise a boom.

Bitcoin doesnt behave like ordinary company stock. It's a protocol, think digital gold, untethered to company profits. Its "mined", with its value tied to supply and demand, akin to gold.

Before you invest big, I strongly advise understanding more about blockchain tech and its revolutionary promise. Investing in crypto isnt just chasing quick profits - its also championing a decentralized financial dawn

[Mr.right85]

You have millions to buy ? I so missed out on this when it was $110 a coin but I was young and no money. So now that blackrock made some noise in the Bitcoin space and got everyone rallied up will this be the biggest money grab in history to then crash it on the recession?

Even at this very moment, a lot of persons are missing out on the investment with the price as it is. You didn't have money then becuase you was young, so are other kids at this time but the question you should be asking yourself now is,
What are you doing about it now? Do you have money now yo buy a few sats when it's still within the cent and a few $100 denominations?
If you can't afford a whole Bitcoin, think of he sats you could accumulate because, it would soon gain some well enough value like we have in bitcoin at the time.

Your not late my friend and don't have your eyes pegged on bitcoin price and forget that, its got smaller denominations. Go for what you can afford and keep accumulating.

[Crypt0Gore]

1. Forget the opportunity you missed in the past, it's not coming back anymore, and now the same opportunity is still present because Bitcoin keeps growing in value.

2. You don't need a lot of money to buy Bitcoin right now, this is the mistake that many new investors made, they think that since 1 Bitcoin is now 30,000$ they can't afford it, you will be fine with 0.003-0.0100 BTC, think about the future, if 1 BTC goes to 300,000$ you won't be able to afford 0.01BTC at the time.

3. Don't focus on 1 BTC or even the half, the satoshis will be worth a lot in the future and you will regret not having some piece of the pie when you can.

[michellee]

Don't think about the past because it was long ago and we can't buy it at such a low price. You better focus on buying Bitcoin, especially if the price drops again. Most people won't do anything while the price of Bitcoin is still very low but they start to panic when they see the price move and increase rapidly.

The companies accumulating for a long time made huge profits because they might have managed to sell their Bitcoins when the price peaked. And after that, they again wait for the price to undergo a deep correction and buy them in large quantities.

If you can do the same as those companies, you can also get a very big profit. And right now, you still have time to accumulate more Bitcoins. So use this time as well as possible to get big profits later.

[jeraldskie11]

I believe you should disregard the past opportunity of Bitcoin because it has already happened. You can't go back there no matter what, which is why we have to accept it. If you can accept reality, you will find it easier to move and try new things. I just want to tell you that if you haven't already invested, now is the most important time. People who purchased tokens in the previous year are unable to sell them because their purchase price is significantly higher than the current price. Some of them are unable to purchase another since they are dissatisfied and unwilling to add more. As a result, this is an excellent time for early adopters to invest in Bitcoin.

[Mpamaegbu]

I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

You've been here since 2020, yet you're asking questions like a freshman. You first heard of Bitcoin when it was around $110, you saw all the bad press it went (it's still going through), you saw its last bull and bear seasons, yet you're still not sure if it's legit? Even at its current price at $30,000? You must be kidding, right? The same way you think the greatest winners in this Bitcoin thing are only the early adopters, it's the same way you will watch on the sidelines and others who are buying today will profit from it. Stop wasting your precious time in fear and invest now. Otherwise, a few years from now you will also rue not taking that bold step now.

[BVeyron]

You have millions to buy ? I so missed out on this when it was $110 a coin but I was young and no money. So now that blackrock made some noise in the Bitcoin space and got everyone rallied up will this be the biggest money grab in history to then crash it on the recession?

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?


I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

I think that BTC can bring some profit only out of long-term hodling. But there is a high risk of dollar and other fiats inflation nowadays, so there might be a chance to save the assets by having BTC and/or other cryptocurrencies. However, there is only a chance to save money, not a guarantee: during fiats inflation cryptocurrencies can become cheap as well.

[el kaka22]

I do not think that this is the case, not all the time at least. I think if you could invest into bitcoin or any other good project and keep consistently invest into it for a long time, that means you are going to not only have a lot of money that you yourself invested into, but also you are going to make a good profit as well.

Even if you invest just 100 dollars per month, for 20 years, you would invest 24k but with just 20% a year (which we all know bitcoin would do more) that would result with 320k total. Imagine having 310k dollars, that is a lot of money and it would benefit you a lot, you could literally buy a whole house that can make you enough to not work.

If you are 20 years old, and start investing only 100 bucks, by age 40, you will retire. It's that simple. With 250 bucks a month, at 40% which is realistic for overall bitcoin including the bull periods, you would have 60k invested in 20 years, and 13!!!! million dollars in the end. It's that simple.

[retreat]

-snip-

How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?


-snip-

Bitcoin has use cases. It can be used for transactions that are fast, secure, and lower fees compared to what is offered by Paypal, and other payment platforms. Moreover, for anonymous transactions, Bitcoin is very appropriate because it is anonymous and does not require the sender's personal data.
It's true that it doesn't give profits to the company directly, but if a company wants to send transactions internationally, but doesn't want to be tracked by the government, they can use Bitcoin which will benefit them or they can invest long term in Bitcoin and get profit from that. So you are quite wrong in stating that Bitcoin has no use cases.

[crwth]

You don't understand why big companies are interested in crypto; some invest money in cryptocurrencies. They see it as the future of finance and can bring them benefits, not just profits but support from those who believe in cryptocurrencies. For members of bitcointalk, it's special when it comes to companies with ideals aligned with decentralization and stuff. 

It's all about the long term for sure.