What would it be like owning a Bitcoin in 2024?

[Ben Barubal]

   Maybe it depends on each of us how we treat Bitcoin. But for me, I'm not a rich person; if I'm in the right state of life, I can say that it's not practical in my situation to save Bitcoin in the long term. Because I have low chances of being able to hold Bitcoin well enough to buy my dreams in life.

   Maybe even if I make Bitcoin profitable, it is possible in the short term, and it depends on what happens in the trading activity that I will do here to get earnings. Right now, he's not really my priority.

[Sanitough]

Owning bitcoin this 2024 is like you are allowing yourself to ride with the innovation and see yourself experience growth and financial success in the process. Although I would not say that we should invest for bitcoin because of its promising profits, but linking bitcoin with huge amount of money and massive profits is undeniable.

A lot have already proven that bitcoin became a tool for their success, so let's give everyone the opportunity to embrace bitcoin and own bitcoin for future investment and retirement.

[Blitzboy]

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Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

In investing, the term "guarantee" means scam... or at least for me because I've seen many projects in the past that've used the word guarantee, and ended up as a scam.

As an intelligent investor, always take note that there's no guarantee in investing. There's no guaranteed profit, or guaranteed loss when you invest. Even many are saying that investing into meme coins is a gamble, there's always a chance that you can get profit, and vice-versa. You know OP, all things begin with a single step. Try to step up, save some money and invest into Bitcoin. You don't know until today? Maybe this is the time for you to buy some Bitcoins in preparation for the bull run.

Would I advise you to own Bitcoin this year? Absolutely. I mean in a few months, there might be a chance that we see a bull market happening, and when that happens, you will get profit in no time just by holding some Bitcoins. Of course, there might be a chance that it might not happen. All investments have risks including Bitcoin, so to answer your another question, there's a risk, but if you risk, there's a reward. Not always but sometimes.

I share your investment "guarantee" skepticism. After years in crypto, I've realized that the only guarantee is that there are no promises. The landscape's uncertainty is its appeal.

What about Bitcoin? A revolution, not just a money. Although traditionalists may disagree, I see Bitcoin as an innovative lighthouse. It shows human creativity and our insatiable pursuit of financial freedom. The ride is rocky, but any great journey is. Bitcoin offers both excitement and possible profit. Remember, no guts, no glory.

Should you buy Bitcoin this year? My gut says yes! Unpredictability makes the market exciting. Like planting a seed, you never know how tall the tree will grow if you dont plant it. Theres danger, but no gain without it. Sometimes you have to trust Bitcoin's power.

[dlightag]

The history of Bitcoin has totally show how far it has gone and starting from the year 2012 until now you can see a difference from one stage of the price to a higher level which is always occur after Bitcoin halving session and we are closed to next level of Bitcoin price that is fast approaching as the case may be. Buying now is not a bad ideas, make your research appropriate time before investing, because entry point determine your profits in the cryptocurrency space.

[Ale88]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

I can understand that years ago people could be afraid of buying bitcoin because the whole situation was kind of messy: scammy exchanges, no clear rules, governments banning it, many people against it, etc etc. Now it's 2024, we even have several bitcoin ETFs, something that just 5-6 years would have been unthinkable. If you are an investor, in my opinion, you absolutely need to have some cryptos in your portfolio. The risk is totally worth it.

[wiss19]

What would it be like owning a Bitcoin in 2024? Well I think there is nothing special. It will be the same as owning Bitcoin in 2023, and previous years. Yes this is Bitcointalk, which is a home for smart people and weird people . So you still can expect different answers here to your question, if that is your main objective. The price of Bitcoin in the past was cheap but its potential was also small.

Now it was the opposite, so I think that should make us late entrants to not regret? Bitcoins being a decentralized currency which provides freedom, is what I think will matter most to those who treat it like a currency and not an investment asset. Government acceptance must still be needed though.

[BitcoinPanther]

I would not recommend owning any bitcoins as a small investor. Because those who buy or hold Bitcoin are definitely very wise people and professional traders. Without adequate knowledge the history of Bitcoin, how to use it, any future risks and whether it is highly profitable is not worth knowing. It is impossible to know how much the value of Bitcoin has risen from its birth to today without knowing the history, so Bitcoin holders must make their own decisions whether to hold or sell their Bitcoins.

One do not have to undergo research and trainings in order to purchase Bitcoin.  If you have the fund, you can buy it freely on exchanges.  Owning Bitcoin only needs certain requirements, money, machine and basic knowledge.  Simple people can learn or have these requirements if they just do their own research and study Bitcoin.  When it comes to holding, there is no need to have a brain like Einstein,  One just need patience and know his target price for selling and stick to it.

Investment have all their own level of risk at least with Bitcoin there is a history that its price records new ATH every four year.  So if one just follow the pattern, they don't need to be tech savvy to profit from Bitcoin.

[wallet4bitcoin]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

Owning a Bitcoin has never been and never wil be a risk. It is an investment in the future, the only risk faced is the same as investors face with every other asset class without removing Bitcoin out of the equation. If any other consideration is given then it should not be tailored to Bitcoin alone.

Those who consider ownign Bitcoin a risk need to go through the Bitcoin whitepaper again if they have for the first time and then compare the blockchain space to the conventional finance space and tell me which has a future.

[Mauser]

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

You seem to follow the crypto world a lot without owning any bitcoins yourself. It's great that you have such an interest and keep learning new things. But why don't you take next step and start investing someone money? I hope you are not waiting for Bitcoin to drop back down to 100 USD, because those days are over and are never going to come back. It's very unrealistic that we are ever going to see a price below 10,000 USD. Just assume all the people who jump quickly to buy new coins below a big level like 20,000 USD. There are so many opportunistic investors that would snatch up cheap bitcoins. Which is also my goal for 2024, keep buying more bitcoins as much as possible and build up my crypto portfolio.

[DaNNy001]

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

You seem to follow the crypto world a lot without owning any bitcoins yourself. It's great that you have such an interest and keep learning new things. But why don't you take next step and start investing someone money? I hope you are not waiting for Bitcoin to drop back down to 100 USD, because those days are over and are never going to come back. It's very unrealistic that we are ever going to see a price below 10,000 USD. Just assume all the people who jump quickly to buy new coins below a big level like 20,000 USD. There are so many opportunistic investors that would snatch up cheap bitcoins. Which is also my goal for 2024, keep buying more bitcoins as much as possible and build up my crypto portfolio.

Well am not surprised about this because alot of person like you are outside and some of them are actually due to the factor of procrastinating that they are going to buy when the price reaches certain level and when the price does reaches they still fall to buy while others is due to lack of unpreparedness as they don't intend to having plans but feel they can just buy but investing Bitcoin needs proper planning so I will also encourage to stir up some moral and certain mind to atleast secure some stats.

[KiaKia]

It's normal to doubt, but believe me, it's the exact same way that those who entered the market in 2017 thought, Bitcoin that used to be $100 is now in five figures? They most have thought it's over too.

If you have doubts, wait till 2028 and look back to see what Bitcoin have become, six figures is now possible than ever, are you going to wait and miss out on the opportunity or you will take some risks and see how things play out? The choice is yours.

If you understand Bitcoin you should see everything coming at this point, 100k or more will eventually happen, don't wait to be tasked for not trying.

[|MINER|]

Bitcoin is not a stable coin the volatilities will always in it and that's why we say little pump currently but if you say current market with coin move down little bit. I don't think it's a risky price for investment even then no one have to do invest in Bitcoin a large amount at once. You can divided your fund and start investing on Bitcoin for long term strategy you can also use the same method for starting.

[bangjoe]

Any investment is a risk, so that includes owning Bitcoin. Can the price drop from $45k to $30k? Yeah, I think it easily can, and maybe even lower than that. For someone, it can feel like a major investment loss, a tragedy. I also think a drop would be temporary and Bitcoin would eventually recover, but an investor needs to be able to afford to wait till that happens. I think that the end of 2024 will be a good time for Bitcoin, so owning Bitcoin in 2024 is a good thing to do, but nobody knows for sure how things will go, and maybe there will be a better time to buy later on.

and indeed the key as an investor is to wait, if he cannot be patient in waiting he will miss a great opportunity to get a decent profit from bitcoin investment, I even think the opposite, if bitcoin investors can be much more patient then the risk looks small in my eyes, but for those who have a level of fear of price fluctuations in bitcoin they are the ones who accept that bitcoin does have a big risk, what is seen from an investment instrument determines how much risk there is in his mind.  Now in my opinion the risk returns to each pair of eyes looking at bitcoin.

I myself feel happy to follow the market drama and keep collecting bitcoin little by little in 2023 yesterday, which makes this year 2024 having bitcoin and buying at a lower price makes me happy and like the future awaits me there.

[CryptopreneurBrainboss]

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

May I ask, what's holding you back from investing in Bitcoin. If you know all  this you're saying which is the basic knowledge a Bitcoin investors should know then why haven't you invested yet. Are you one of those peoples that want the buy everything at once. It'll be a complete waste of knowledge if you can give advice to people and give them reasons to buy Bitcoin but you haven't done so yourself. Start accumulating Bitcoin as little as you can and build you portfolio to the amount that you desire. Bitcoin mightn't be a 100% guaranteed investment but you can be sure that when the market starts rising and you own Bitcoin, you'll benefit from the inflow of money into the market.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

If you still think owing Bitcoin in 2024 is a risk then you have a long way to go. It's not owning Bitcoin that is a risk. With the high rate of inflation that's making the fiats currency to lose its value, owning some Bitcoin is the best thing you can use to have an advantage against inflation. Its 2024 so calling Bitcoin a scam is kind of outdated because it has proven over the years that it can be a trusted investment. If you're still in doubt of Bitcoin just remember it had its ETF approved and the the U.S. Securities and Exchange Commission (SEC) won't approved something they consider to be a scam.

[MarjorieZimmermanGinger]

Definitely agree. Then there's election in US and god knows what kind of scary stuff is going to come out (As if its already not enough)

BTC halving is around the corner and Central Banks are buying Tons and Tons of Gold. https://www.goldheadlines.com/2024/01/01/gold-price-outlook-the-ups-and-downs-in-2024/

From whichever angle I see the Fiat looks like a losing trade. 

Almost several countries will hold elections for heads of state this year and we never know how unexpected things might happen. However, regarding the halving process, I am still quite confident that it will happen when the time comes, but determining exactly when it will happen is still a matter of doubt because it is still quite difficult to predict with certainty. If we calculate the duration of the previous ATH process, there may be a small picture that we can analyze, but it is still difficult to see the exact time when it will happen.

Fiat always cannot be relied on in the long term because its strength in maintaining value is not strong. If we intend to maintain the value of the money we have, it is best to buy bitcoin and hold it until the price reaches its highest before the halving arrives. That is one of the strengths we can do compared to putting money in places that are not productive at all.

[fuguebtc]

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

If you don't own bitcoin yet, how can you say that investing in bitcoin is a great idea and if you think investing in bitcoin is a great idea then why don't you invest in it? What are you waiting for?

If you really don't have enough faith in bitcoin, you should spend more time learning about it but you shouldn't waste your time either. Because as many people have told you, bull season is coming and if you don't own bitcoin until the bull season actually arrives. You won't know what you missed and will regret it a lot.

[Biggeno]

Everyone has already understood that Bitcoin has left its mark on history and is not going to just leave it. I believe Bitcoin will hit a new ATH in 2024 following the adoption of the Bitcoin ETF and yes

Yes Indeed, based on predictions on the ATH it seems the winning vote would be $100k after the bull run

[Bitstar_coin]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

The only difference between owning btc in 2024 than back in 2013 is the huge price difference, the quantity of btc you would have get with $100 in 2024 is far far less than what you would have gotten in 2013.
As for the risk, it is pretty much the same imo, it all depends on the individual involved to be more security conscious, keep the p/keys safe as much as they can, avoid clicking on unknown links, get a hardware wallet for storage.
The question now remains, will hodling btc in 2024 bring any good profit compare to buying it 4 to 5 years back? if your goal is long term, you can always give it a shot. Keep in mind that everyone have right to their opinion and you should not take online opinions as financial advice. Do your own research and invest what you can afford to loss.   

[ivankoh]

True Bitcoin has had a massive turn since 2013 and was one of the year with benefits for Bitcoin investors or holders it started with $13.3 in 2013 and by October crossed over $200 unlike 2012 which was not too outstanding.

Today bitcoin is about $45,474 per dollar and many cryptocurrencies are now been generated to compete greatly with Bitcoin, leaving the fact that it is the most known  cryptocurrency most individuals are still been illiterate about it.

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

When long-term goals and results are important, buying bitcoin at this time is risk-free. 99 days until halving and be patient with market making intentions for ETFs becoming clear. I think buying bitcoin as I decided to accumulate it right now is not bad. The decline in price following the bitcoin ETF was predictable, but it was also an opportunity to take advantage. Then we will think about ATH in 2025.

[YOSHIE]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

I don't see a significant spike in Bitcoin prices in early 2024, meaning my view is not too risky in the current second, we may still have promising opportunities for Bitcoin users, There is no guarantee that when we enter the middle of 2024, maybe it is very risky, because one of the halving phenomena will occur.

My feelings for now are still calm and improving, even though I have to buy now and invest now, I still believe the best opportunities will happen in the future, but we are still alert that anything could happen to Bitcoin without our knowledge, but I still feel comfortable doing something now, not comfortable for the middle of this year.