Will there be a boom again?

[stardustin]

In 2016 when I was a kid, this coin got in stuck in my mind but absolutely everyone around me was telling me to forget it, it's scam, it's online shit, I shouldn't study it and should move on something else and finally ended up working hard absolutely every day for years to migrate in Canada to learn in university and pay high tution fees.

Finally, I finished the university and gained PR but the money that I have spent in all of these makes me cry every day. If it weren't my parents, I would invest in bitcoin in 2016-2017, I would be a millionaire today. I totally missed 2020's boom because of my situation but now is the time in my life where I stand on my feet, not strongly but I stand and manage to live and save some money. As I see, there are guys on this forum since 2015, they are here still today, so I want to know your opinion and want to hear your advice about Bitcoin. As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

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[Ultegra134]

You're coming into a forum named Bitcointalk, and us recommending altcoins would be ironic, not that I have anything against altcoins. However, we can't tell you what to do with your money; that's up to you. As someone who has also missed some great market periods, I can relate to what you're feeling. First of all, how much money are you planning on investing? Personally, if I were you, I'd start purchasing because prices are still relatively low; the recent dump got them down to $25,000, which was quite a bargain after a few months. You could also start purchasing through DCA, acquiring Bitcoin as frequently as you want and, at the same time, lowering your risk.

[Hatchy]

Op, this is the best time for you to accumulate as many Bitcoin as you can get. The price range is still within the 25,000 -27000. So if you are planning to buy now is your chance. As for Altcoins, I dont advice you to spend your funds on them.

In 2016 when I was a kid, 
Finally, I finished the university and gained PR but the money that I have spent in all of these makes me cry every day. If it weren't my parents, I would invest in bitcoin in 2016-2017, I would be a millionaire today. 

I'm having trouble understanding some parts of your story. In 2016, you were just a kid, and you were already thinking about investing in Bitcoin. Were you planning to use your pocket money for this? It's important to note that Bitcoin doesn't typically work that way. While you can make profits from it, becoming a millionaire through Bitcoin can be challenging. Remember that education should be your top priority it's valuable, and your school investments are not wasted. Your education can also be beneficial for your future investments, as the knowledge you gain in school can be applied in the future. So don't regret time and money spent.

it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

It's all up to you mate. Nobody has a say in your life. If you wish to invest in Bitcoin then that's up to you.but remember that you shouldn't put other important part of your life on hold because you want to invest. If it's little you have, from time to time you can buy some store in a secured wallet.

[ImThour]

You should prefer doing DCA now instead of going all in on any asset ever. If you want to invest your life saving in Bitcoin because halving is coming, you should do it in a controlled manner.
For example, go with a Bitcoin purchase of 10% of your earning per month. This way, you never go bankrupt and you are also a proud BTC hodler. What else you need?
Prefer growing slowly and steadily. In long run, you will surely win.

[BitMaxz]

We are not financial experts but that's not a good idea to put all of your savings into Bitcoin as we all know Bitcoin is very volatile and we are not sure if this coming block halving will be the same as what happened in the past.
However,  I think it would be better to split your savings into other assets not only Bitcoin and altcoin but also physical assets like gold and real estate to secure your future.

It's hard to predict the price movement of Bitcoin these days it is not similar to the price movement before. Maybe it was just me who saw the market being different.
Why? Because crypto before was not regulated unlike today so there is a possibility you won't be able to see the "Boom" again just like what happen in 2020. That is why I suggested you to invest your savings not only into Bitcoin but also in physical assets.

[CryptSafe]

In response to your topic matter OP. I can boldly say this that Bitcoin will outperform it's current market situations to a greater expectations as it was before now. If you may wish to know this, Bitcoin is still at its early stages and this alone is the reason why the boom is still expectant.
Moreover, it is known that after halving, there is always price surge in Bitcoin and in less than some months from now Bitcoin halving would take place. So if you can, now is the right time to hop in and make your purchase but note that the market is volatile and you should do investment with what you can afford to loss. Do well to store your assets in a self custodial wallet if you decide to purchase your Bitcoin so you do not wake up to stories someday as it relates to third parties.

[Zaguru12]

As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

History has it that after every bitcoin halving the bull run follows and bitcoin increases with at least 2x of the existing ATH. This will actually give you hope that such thing will happen again and investing into cryptocurrency will be tempting but I want to tell you that even with that history no one will certainly tell you that this coming halving will yield same result and as such experience investors will tell you that the first rule of investing will be to invest with an amount that you can afford to lose. With this even if the anticipated gains doesn’t happen you can still leave off your coins and expect a better return in future. But investing with your savings seems risky to me because from your post this is not an amount that you can lose.

I will also advise you against investing into Altcoins against bull run because there is nothing like a guaranteed return on all these Alticoins even the top rated ones. They can go dump anytime even before the bull run comes. So without the certainty of it not dumping you should stick to bitcoin that is guaranteed of not totally dying. Alticoins are know to increase highly during bull run and as such people lean towards it just for that. So if you can actually take the risk of losing your funds or gambling them no problem but do not take expect any return.

[Faisal2202]

In 2016 when I was a kid, this coin got in stuck in my mind but absolutely everyone around me was telling me to forget it, it's scam, it's online shit, I shouldn't study it and should move on something else and finally ended up working hard absolutely every day for years to migrate in Canada to learn in university and pay high tution fees.

Your skepticism about the BTC at that time was right to some extent because, many people faced a lot of scams and hacks, and the MT Gox scam was not that old then, (Only 2 years old) I know that's old but it is enough for haters to spread hate among newbies using such events. And then in 2016 the halving came and then you missed the chance of making money in the bull run. But one thing that I don't understand is this:

Finally, I finished the university and gained PR but the money that I have spent in all of these makes me cry every day. If it weren't my parents and I would invest in bitcoin in 2016-2017, I would be a millionaire today. I totally missed 2020's boom because of my situation

There was not boom in 2020 instead the latest ATH was in 2021 after the halving in 2020, maybe you are referring to that period by calling the halving event which took place in 2020 but I think it is better to name the correct date which is 2021.

but now is the time in my life where I stand on my feet, not strongly but I stand and manage to live and save some money. As I see, there are guys on this forum since 2015, they are here still today, so I want to know your opinion and want to hear your advice about Bitcoin. As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

I am not among the members who are here since 2015, but the answers to your queries is simple, If you have the knowledge about BTC and do know how much potential it has then you might not ask these questions but still if you have asked them and also asked that either you have to go with BTC or ALTs then I doubt you trust the BTC system. Because money is not everything, but if you are after making money then for quick money you can go for ALTs, because they are more volatile but if you are after a good and less risker investment then BTC is best choice here. But you have to be sure that, the ATH will not be sure after the halving. As bull run continues for hell lot of time.

In the previous halving, the bull run continuous for like 6, 9 or 12+ months. Means the ATH was made after that much months. So, you have to invest with clear and educated mind other wise you will fall prey to market sentiments.

[nakamura12]

I do believe that there will be another boom in crypto especially Bitcoin but the question is, when it will be happening?. That's the question we should be finding the answer for it. I didn't even expected before that the price will reach new ATH so, I would say that it may happen in the future. All I can say is we won't be able to predict the market either it will go boom or the opposite. I may not be in crypto for too long but at least, I did experienced gaining profit when it's price is at its lowest price before.

[ZAINmalik75]

In 2016 when I was a kid, this coin got in stuck in my mind but absolutely everyone around me was telling me to forget it, it's scam, it's online shit, I shouldn't study it and should move on something else and finally ended up working hard absolutely every day for years to migrate in Canada to learn in university and pay high tution fees.

I can understand your feelings because I am also a student and I have planned to invest in BTC too with the savings I have. But no one can tolerate losing all of their savings by making some dumb mistake. And before making that investment, one must think for a second that, either he has to invest the savings or not, and in that tension, you make this topic. But believe me, not a single answer will help you until you will make up your own mind.

Put every option you have in front of you, and then try to decide according to the resources you have. Then you will think more clearly and can easily make a decision about whether you should invest in BTC or not. According to your story, you are just being skeptical about the price or volatility of the BTC. And afraid that you might lose your amount, but in your own words, you feel confident about the BTC. Then what actually is stopping you from investing in BTC?

Before investing in it, you must make a plan, in which you must have the profit and the time of holding in your mind. Because without them you will lose your funds. I mean, you can make lose. One thing I do know and following it, is that after halving there comes a bull run and in the bull run BTC makes a new ATH and in that ATH BTC might touch $130,000 and that is the most I think it can go. But no one knows for sure and no one can actually tell you to invest in BTC just because you want to hear it from others. You have to be confident and have to listen to yourself.

[Lanatsa]

In 2016 when I was a kid, this coin got in stuck in my mind but absolutely everyone around me was telling me to forget it, it's scam, it's online shit, I shouldn't study it and should move on something else and finally ended up working hard absolutely every day for years to migrate in Canada to learn in university and pay high tution fees.

Finally, I finished the university and gained PR but the money that I have spent in all of these makes me cry every day. If it weren't my parents, I would invest in bitcoin in 2016-2017, I would be a millionaire today. I totally missed 2020's boom because of my situation but now is the time in my life where I stand on my feet, not strongly but I stand and manage to live and save some money. As I see, there are guys on this forum since 2015, they are here still today, so I want to know your opinion and want to hear your advice about Bitcoin. As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

Invest on what you can afford to lose as always as this had become that standard when it comes to investment means on which you would really be considering out before making step. Yes, even myself did miss out those
bull runs which i have might be able to consider myself millionaire if it wasnt the reason that i had spend out those coins so easily into those days because of primary needs on which i didnt really have regrets though but some point i would be having those thoughts that what if i had saved up a little portion of those coins on that particular years? For sure i have some considerable or significant amount of money as of this moment.

When it comes to your situation then investing decisions will really be according into your own risks taking since not all would really be that have that courage on investing into something which is volatile but since we do know on what we are dealing on here then it is really just that normal on having that approach on which investing on the amount which you are really that prepared on losing it and dont go on having that all
in kind of behavior because its never been that recommendable in the first place.

[Zanab247]

If it weren't my parents, I would invest in bitcoin in 2016-2017, I would be a millionaire today.

Oh you think your parents has done you bad for allowed you to go to school so that you will become a somebody in the family, do you know that some people sold their properties to invest in BTC but they got hacked at the end because they didn't keep their seeds phrase well that made them to lose everything in life. Now that you are a graduate, i think it will be very easy for you to study how BTC market work so that you will not be panic whenever bear seasons flow in the marke.

Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one?

BTC is good for long term hodling if you can endure like 3 or 4 years before you can sell, but if you are going into short term hodling, I will advise you to invest the money on altcoins because it will be very easy for you to earn money from your investment.

[Hyphen(-)]

Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

The decision is yours, but I can promise you that it is not too late to invest. Don't allow your past influence your decision to invest in cryptocurrency.

Bitcoin investment is the best for security and assurance because it is decentralized, transparent, and visible by everyone utilizing blockchain technology; hence, the chance of losing your money in Bitcoin investment is negligible when compared to investing in altcoins.

Although, if you do your study and find an altcoin that is strong and has good potential, you can invest some of your savings in it, I recommend that you buy Bitcoin and keep it for the long term, just as others have been holding it since 2015/16 and you were intending to buy it then.

[DeathAngel]

You should invest your money in bitcoin NOW. I advise against putting much money into alts, it’s a bit of a lottery, roulette you could say. History is littered with alt scams, rugpulls & unscrupulous behaviour. There will be another boom of course, you’re just in time to catch it in the next couple of years if you buy now.

[Twentyonepaylots]

I do believe that there will be another boom in crypto especially Bitcoin but the question is, when it will be happening?. That's the question we should be finding the answer for it. I didn't even expected before that the price will reach new ATH so, I would say that it may happen in the future. All I can say is we won't be able to predict the market either it will go boom or the opposite. I may not be in crypto for too long but at least, I did experienced gaining profit when it's price is at its lowest price before.

Yeah It's always a question of when but for sure there will another bull running for crypto. This isn't going to be a 'stuck market', we all know it's been volatile. It reached a very impossible all time high back then, not mentioning how many economists said that it won't reach above 20K LOL. But then again we have so called factors to call in the market, crypto has never been as huge as we have it now, so taking another step would take time. If you only wait for the ride, then that won't be very easy you might need your money for personal purposes so I suggest trading crypto with reserves so you'll have rounds when we launch to the MARS.  

[_act_]

Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

Bitcoin increased to all-time-high of $69000 in November 2021 just as it increased to all-time-high of $19600 in 2017. It decreased significanly to $15400 in the following year which was 2022 as it did in 2018. The following year after 2022 which is 2023 that we are now, bitcoin price increased but not very well, this was what that happened in 2019. Bitcoin halving was in 2020 which we can relate with 2024. All-time-high in 2021 which would be 2025. Expect all-time-high in 2024/2025.

So that answer to your question is you should invest in bitcoin. Yes, you should.

[BIT-BENDER]

When you pointed out about your savings fo you mean investing all you have? You definitely can't invest all your savings in Bitcoin, how do you intend to survive?

I would advice you act wisely, crypto-currency is unpredictable and Bitcoin is not left out, have a plan you can start with that amount you are good if lost(not saying you would lose your funds) but start small and grow your Bitcoin portfolio .

[ChiBitCTy]

Honestly, as someone who's been "in to" bitcoin for years now, I have my doubts at times.  I absolutely unequivocally believe in bitcoin and it's technology, but my problem is with the human race, if I'm being honest.  I think that average human is a nitwit, and people don't know a good thing even when it smacks them in the face. The problem with societies across the globe is people get too complacent with status quo, and right now that's fiat money being the only form of currency, for the average human being/government.  I do have faith in the younger more progressive generation, and I do see some chance for another boom, but I just see it as a slightly less chance of happening like it has in the past. 

[SamReomo]

As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

Yes, you should invest your savings in Bitcoin because that's the safest option for you. I won't recommend to invest in altcoins as they can go zero in value anytime and if you're still into altcoins then go with the ones that have been doing well for long time. I still recommend you to go with Bitcoin because that's the only option that's safe for investment purposes.

The Bitcoin will definitely go high in value after the coming halving event and if you start investing it from today then you may earn some good returns from your investment within two years, but if you are someone who can hold for long periods like decade or two then you will surely be among the millionaires if manage to get 1 or 2 Bitcoin in your portfolio.

[Mr.suevie]

In 2016 when I was a kid, this coin got in stuck in my mind but absolutely everyone around me was telling me to forget it, it's scam, it's online shit, I shouldn't study it and should move on something else and finally ended up working hard absolutely every day for years to migrate in Canada to learn in university and pay high tution fees.

Finally, I finished the university and gained PR but the money that I have spent in all of these makes me cry every day. If it weren't my parents, I would invest in bitcoin in 2016-2017, I would be a millionaire today. I totally missed 2020's boom because of my situation but now is the time in my life where I stand on my feet, not strongly but I stand and manage to live and save some money. As I see, there are guys on this forum since 2015, they are here still today, so I want to know your opinion and want to hear your advice about Bitcoin. As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

Well first for the sad and regretfully experience you had but with what you already wrote in your comment I would like to think that this time around you would have learnt something and then rush to get some bitcoin because the price as you can see is still low comparing to the last bull run so there is certainty that it might touch that point if not anything even go beyond that point so you contemplating it's even wrong because you ought to have research about this coins since you missed the first opportunity because if you eventually miss a second time then that's when your story of sadness begins.